India Drill Pipe Market (2025-2031) Outlook | Forecast, Value, Revenue, Trends, Growth, Companies, Share, Size, Analysis & Industry

Name: India Drill Pipe Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Drill Pipe Market, India Drill Pipe Market, India Drill Pipe Market Revenues, India Drill Pipe Market Share, India Drill Pipe Market Size, India Drill Pipe Market Outlook, India Drill Pipe Market Report, India Drill Pipe Market Competition, India Drill Pipe Market Overview, India Drill Pipe Market Trends, India Drill Pipe Market Forecast

Market Forecast By Type (Standard Drill Pipe, Heavy Weight Drill Pipe, Drill Collar), By Deployment (Onshore, Offshore) And Competitive Landscape

Product Code: ETC376044	Publication Date: Aug 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

India Drill Pipe Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s drill pipe import shipments in 2024 were primarily sourced from top exporting countries including China, Metropolitan France, India, UAE, and Thailand. Despite the high concentration with a high Herfindahl-Hirschman Index (HHI) in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 experienced a decline of -25.79%. Additionally, the growth rate from 2023 to 2024 further decreased by -15.13%, indicating a challenging market environment for drill pipe imports in India.

India Drill Pipe Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India Drill Pipe Market Synopsis

The India drill pipe market is estimated to be valued at around US$ 54.10 million and it is expected to grow at a CAGR of 3.75% during the forecast period. The growth of the drilling sector has been credited for driving this market, as India currently holds the second-largest drilling fleet worldwide. The increasing demand for oil & gas and subsequent exploration activities across onshore and offshore regions are likely to drive the demand for drill pipes in India over the coming years. Moreover, with advances in technologies such as automation in well construction, there will be an increased adoption of high-end products like connectionless drill pipes that will further propel market growth over the forecast period.

Market Drivers of the market

The drill pipe market in India has grown due to the growth in oil and gas exploration and production activities. As India strives to enhance its energy security, the demand for drill pipes for onshore and offshore drilling has increased. The surge in investments in the oil and gas sector has also contributed to the expansion of the drill pipe market.

Challenges of the Market

In the India drill pipe market, challenges stem from the demand for high-quality and technologically advanced drill pipes to support various drilling operations. Manufacturers must maintain strict quality control and address issues like drill pipe fatigue and wear to ensure optimal performance and longevity.

Covid-19 Impact on the Market

The India drill pipe market faced challenges during the pandemic due to the slowdown in the oil and gas industry. Reduced drilling activities and fluctuations in oil prices impacted the demand for drill pipes. The restrictions on movement and international trade also affected the import and export of drill pipes, impacting the market`s growth.

Key Players of the Market

In the India drill pipe market, key players include Vallourec S.A., Tenaris S.A., and TMK Group. These companies are prominent manufacturers of drill pipes used in the oil and gas exploration industry.

Key Highlights of the Report:

India Drill Pipe Market Outlook
Market Size of India Drill Pipe Market, 2024
Forecast of India Drill Pipe Market, 2031
Historical Data and Forecast of India Drill Pipe Revenues & Volume for the Period 2021-2031
India Drill Pipe Market Trend Evolution
India Drill Pipe Market Drivers and Challenges
India Drill Pipe Price Trends
India Drill Pipe Porter's Five Forces
India Drill Pipe Industry Life Cycle
Historical Data and Forecast of India Drill Pipe Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of India Drill Pipe Market Revenues & Volume By Standard Drill Pipe for the Period 2021-2031
Historical Data and Forecast of India Drill Pipe Market Revenues & Volume By Heavy Weight Drill Pipe for the Period 2021-2031
Historical Data and Forecast of India Drill Pipe Market Revenues & Volume By Drill Collar for the Period 2021-2031
Historical Data and Forecast of India Drill Pipe Market Revenues & Volume By Deployment for the Period 2021-2031
Historical Data and Forecast of India Drill Pipe Market Revenues & Volume By Onshore for the Period 2021-2031
Historical Data and Forecast of India Drill Pipe Market Revenues & Volume By Offshore for the Period 2021-2031
India Drill Pipe Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Deployment
India Drill Pipe Top Companies Market Share
India Drill Pipe Competitive Benchmarking By Technical and Operational Parameters
India Drill Pipe Company Profiles
India Drill Pipe Key Strategic Recommendations

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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