Global Drill Collar Market Growth 2025-2031

Global Drill Collar Market Growth 2025-2031

The global Drill Collar market size is predicted to grow from US$ 141 million in 2025 to US$ 152 million in 2031; it is expected to grow at a CAGR of 1.3% from 2025 to 2031.

Drill collars are thick-walled tubular pieces machined from solid bars of steel, usually plain carbon steel but sometimes of nonmagnetic nickel-copper alloy or other nonmagnetic premium alloys.

Global drill collar main players include Deutsche Edelstahlwerke (DEW), Hunting PLC, Vallourec, Vigor Drilling, International Drilling Services (IDS), Schoeller-Bleckmann, National Oilwell Varco (NOV), Schlumberger, Zhong Yuan Special Steel, Shanxi Fenglei Drilling Tools, Henan Shenlong, Carpenter Technology and ACE O.C.T.G., etc., totally accounting for about 70% of the market. Americas is the largest market, with a share over 36%. As for the types of products, it can be divided into standard steel drill collar and non-magnetic drill collar. The most common product is standard steel drill collar, with a share over 63%. In terms of applications, it is widely used in oil and gas exploration, geothermal exploration and others. Oil and gas exploration is the largest application, holding a share over 93%.

LP Information, Inc. (LPI) ' newest research report, the “Drill Collar Industry Forecast” looks at past sales and reviews total world Drill Collar sales in 2024, providing a comprehensive analysis by region and market sector of projected Drill Collar sales for 2025 through 2031. With Drill Collar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Drill Collar industry.

This Insight Report provides a comprehensive analysis of the global Drill Collar landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Drill Collar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Drill Collar market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Drill Collar and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Drill Collar.

This report presents a comprehensive overview, market shares, and growth opportunities of Drill Collar market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Standard Steel Drill Collar
Non-magnetic Drill Collar

Segmentation by Application:
Oil and Gas Exploration
Geothermal Exploration
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Deutsche Edelstahlwerke (DEW)
Hunting PLC
Vallourec
Vigor Drilling
International Drilling Services (IDS)
Schoeller-Bleckmann
National Oilwell Varco (NOV)
Schlumberger
Zhong Yuan Special Steel
Shanxi Fenglei Drilling Tools
Henan Shenlong
Carpenter Technology
ACE O.C.T.G.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Drill Collar market?

What factors are driving Drill Collar market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Drill Collar market opportunities vary by end market size?

How does Drill Collar break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.