Newly released market study: Global Drill Collars Market 2015-2019
Recently published research from TechNavio, "Global Drill Collars Market 2015-2019", is now available at Fast Market Research
[USPRwire, Mon Nov 02 2015] Global Drill Collars Market 2015-2019
Covering: This industry research report segments the global drill collars market by raw material (standard steel drill collar and non-magnetic alloy drill collar), by design (spiral and slick), by application (offshore and onshore), and by geography (Americas, APAC, and EMEA). Leading vendors in this market are Halliburton, Hunting, National Oil well Varco, Schlumberger, Vallourec, Workstrings International, and Weatherford International.
Market outlook of the global drill collars market
Drill collars are an essential part of the drill string and are heavy, thick-walled steel collars with threaded connections at both ends. Technavio market research analysts estimate eminent factors, such as the increasing drilling activities across the world and rapidly increasing oil and gas demand, to positively influence market growth and result
in its modest CAGR of nearly 6% by 2019.
Geographically, the Americas are expected to lead the global market for drill collars during the forecast period. Rising demand for energy, growing need to maximize production from existing wells, and the redevelopment of maturing oil fields wells are some of the significant factors that accounts for this region's high market share of almost 63% by 2019.
Full Report Details at
Segmentation by raw materials and analysis of the drill collars market
* Standard steel drill collar
* Non-magnetic alloy drill collar
In this market research report, analysts estimate the standard steel drill collars segment to account for more than 66% of the total market share by 2019. Increasing offshore drilling activities and the high tensile and material strength of standard steel drill collars are expected to result in its high market share during the forecast period.
Design-based segmentation of the drill collars market
The slick drill collar segment is envisaged to be the largest market segment during the forecast period. This segment singlehandedly accounts for more than 62% of the total market share by 2019 and the widespread availability of oilfields that require relatively easy drilling operations is estimated to be the primary reason for the growth of this segment.
Competitive landscape and key vendors
This market is highly fragmented due to the presence of numerous multinational and regional vendors. Growth and development of this market are dependent on factors like the efficiency of drill collars, increasing investment by market vendors, and advances in tools technology. Additionally, it has been observed that numerous vendors across the globe are now investing in R&D activities to improve the well drilling efficiency of drill collars.
Key vendors in this market are -
* National Oil well Varco
* Workstrings International
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Drill Collars Market in the Middle East 2015-2019
- Global Gas and Oil Drill Bits Industry - Market Research 2015-2019
- Global Downhole Drilling Tools Market 2015-2019
- Global Drilling and Completion Fluids Market 2015-2019
- Global Offshore Drilling Market 2015-2019