Drill Collar Market Size, Application Report

Drill Collar Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

Format: PDF  |  Report ID: GVR1302

Growing oil & gas industry on account of surging energy demand is expected to be the major factor driving the global drill collar market over the forecast period. Rising oil & gas prices coupled with increasing E&P activities is expected to drive the global drill collar market over the next six years. Increasing spending in oil & gas exploration in Africa & Latin America is expected to augment the market growth in these regions. Major companies are investing heavily to increase the oil production to meet the energy demand. This trend is expected to create an immense opportunity for the market players over the foreseeable period. Drill collar market is segmented by its type as standard, spiral, and square drill collar. High material costs, and heavy capital investment required for manufacturing drill collar equipment are the major factors expected to hinder the market growth over the next six years. However boom in oil & gas industry owing to growing demand is likely to offset this problem. Increasing number of wells to be drilled is estimated to have positive impact on drill collar market in future.

North America is a major drill collar market. Increasing shale gas exploration in U.S. is expected to drive the drill collar market in North America. Oil exploration across Gulf of Mexico is expected to further complement North American market growth. Increasing drilling activities owing to growing energy demand in Latin America is expected to augment the market growth in this region. High crude oil exploration in Saudi Arabia, Qatar and UAE is projected to have positive impact on drill collar market in Middle East. Growing economies of Asia Pacific is also expected to create an opportunity or the market players in this region. Increasing shale gas exploration in China is anticipated to be a major factor driving drill collar market in Asia Pacific.

With small players present in drill collar market, major companies are involved in M&A with small scale companies to consolidate and increase their market share. Some of the major players operating in drill collar market include Weatherford International, Aliron Tool Research, Command Energy Service Ltd., Goldenman Petroleum Equipment Co. Ltd., Drilling Service Ltd., Deep Drill Supply Ltd., and Tianhe Oil Group.

Key questions answered by the report
Request for Customization

Choose License Type:

Single User - $4,950
Multi User - $7,950
Enterprise User - $9,950

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA