North America Drill Pipe Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The market is segmented by Type (Standard Drill Pipe, Heavy Weight Drill Pipe, and Drill Collar), Grade (Premium Grade and API Grade), Deployment (Onshore and Offshore), and Geography (United States, Canada, and Mexico). For each segment, the report offers market size and forecast for North America Drill Pipe Market (in USD billion).

North America Drill Pipe Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Drill Pipe Market Size

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North America Drill Pipe Market - Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 2.00 %
Market Concentration Low

Major Players

North America Drill Pipe Market Concentration

*Disclaimer: Major Players sorted in no particular order

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North America Drill Pipe Market Analysis

The North America Drill Pipe Market is expected to register a CAGR of greater than 2% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.

  • Over the long term, factors such as increased exploration activity and a focus on the development of new oil and gas fields are expected to help drive the market for drill pipe.
  • On the other hand, the volatile nature of oil prices in recent years has led to decreased exploration activity, causing a slowdown in the drill pipe market.
  • Nevertheless, the rise in offshore exploration and production projects is expected to create an excellent opportunity for the market players, as all the easy oil is already found and wells are moving towards deeper and more extreme offshore environments.
  • The United States is the biggest market for drill pipe, owing to the region's increased drilling activity in shale plays. The recent development of shale plays, horizontal drilling, and fracking has resulted in an increase in demand for drill pipe in the region.

North America Drill Pipe Industry Overview

The North America drill pipe market is fragmented. Some of the key players being (in particular order) include Hunting PLC, National-Oilwell Varco, Inc., Hilong Holding Ltd, Tenaris S.A., TMK Group among others.

North America Drill Pipe Market Leaders

  1. Hilong Holding Ltd

  2. Hunting PLC

  3. TMK Group

  4. Tenaris SA

  5. National-Oilwell Varco, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Market Conc. - NA Drill Pipe.png
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North America Drill Pipe Market News

  • March 2022: Texas Steel Conversion (TSC) announced that it has purchased the patents, associated trademarks, licenses, and other thread connection technology known as the PTECH+ thread connection. The PTECH+ family of drill pipe thread connections combines exceptional torsional properties and fatigue resistance that are essential in extended lateral oil and gas drilling.
  • February 2022: the Canada Border Services Agency (CBSA) received a written complaint from Command Drilling Products Ltd. (CDP) alleging that imports of certain drill pipes originating in or exported from the People's Republic of China have been dumped and subsidized.

North America Drill Pipe Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Active Rig Count, till 2020
  • 4.4 Historic and Demand Forecast of Upstream CAPEX in USD billion, by Onshore and Offshore, 2019-2027
  • 4.5 Recent Trends and Developments
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Bargaining Power of Suppliers
    • 4.8.2 Bargaining Power of Consumers
    • 4.8.3 Threat of New Entrants
    • 4.8.4 Threat of Substitutes Products and Services
    • 4.8.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Standard Drill Pipe
    • 5.1.2 Heavy Weight Drill Pipe
    • 5.1.3 Drill Collar
  • 5.2 Grade
    • 5.2.1 Premium Grade
    • 5.2.2 API Grade
  • 5.3 Deployment
    • 5.3.1 Onshore
    • 5.3.2 Offshore
  • 5.4 Geography
    • 5.4.1 United States
    • 5.4.2 Canada
    • 5.4.3 Mexico

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Hunting PLC
    • 6.3.2 Hilong Group
    • 6.3.3 TMK Group
    • 6.3.4 National Oilwell Varco, Inc. (NOV)
    • 6.3.5 Tenaris S.A.
    • 6.3.6 Drill Pipe International LLC
    • 6.3.7 Workstrings International
    • 6.3.8 Texas Steel Conversion, Inc. (TSC)
    • 6.3.9 Tejas Tubular Products, Inc.
    • 6.3.10 DP Master Manufacturing (S) Pte Ltd
    • 6.3.11 Challenger International, Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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North America Drill Pipe Industry Segmentation

Drill pipe is hollow, thin-walled steel or aluminum alloy piping that is used on drilling rigs. It is hollow to pump drilling fluid down the hole through the bit and back up the annulus. The North American drill pipe market is segmented by type and grade. By type, the market is segmented into standard drill pipe, heavy-weight drill pipe, and drill collar. By grade, the market is segmented into premium grade and API grade. By deployment, the market is segmented into onshore and offshore. The report also covers the market size and forecasts for the North American drill pipe market across the major regions or countries. For each segment, the report offers market size and forecast for North America Drill Pipe Market (in USD billion). 

Type Standard Drill Pipe
Heavy Weight Drill Pipe
Drill Collar
Grade Premium Grade
API Grade
Deployment Onshore
Offshore
Geography United States
Canada
Mexico
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North America Drill Pipe Market Research FAQs

What is the current North America Drill Pipe Market size?

The North America Drill Pipe Market is projected to register a CAGR of greater than 2% during the forecast period (2025-2030)

Who are the key players in North America Drill Pipe Market?

Hilong Holding Ltd, Hunting PLC, TMK Group, Tenaris SA and National-Oilwell Varco, Inc. are the major companies operating in the North America Drill Pipe Market.

What years does this North America Drill Pipe Market cover?

The report covers the North America Drill Pipe Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the North America Drill Pipe Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

North America Drill Pipe Industry Report

Statistics for the 2025 North America Drill Pipe market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Drill Pipe analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.