Drill Collar Market Report by Type (Standard Steel Drill Collar, Non-magnetic Drill Collar), Application (Onshore, Offshore), Design (Spiral, Slick, and Others), and Region 2025-2033

Drill Collar Market Report by Type (Standard Steel Drill Collar, Non-magnetic Drill Collar), Application (Onshore, Offshore), Design (Spiral, Slick, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A2412

Market Overview:

The global drill collar market size reached USD 1.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.8 Billion by 2033, exhibiting a growth rate (CAGR) of 3.57% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 1.3 Billion
Market Forecast in 2033
USD 1.8 Billion
Market Growth Rate 2025-2033 3.57%


Drill collars refer to thick-walled and heavy-duty industrial tubular components that are utilized with the drill string. They are a crucial part of the bottom hole assembly (BHA) used above the drill bit to put weight on it for drilling into the ground. They are manufactured from solid bars of modified alloy steel, non-magnetic nickel-copper alloy, or other premium alloys. The steel bars are drilled from end to end to provide a passage for drilling and completion fluids through the collars. In contrast to the drill pipe, the drill collar is heavier, thick-walled and works as a shock absorber to dampen the vibrations and impact forces caused by drilling.

With the expanding oil and gas exploration activities, there has been a rise in the number of new oil wells, which, in turn, is augmenting the demand for drill collars across the globe. Besides this, the increasing exploration of unconventional resources, like shale gas, along with investments in the onshore oil and gas industry, are also contributing to the market growth. Furthermore, extensive research and development (R&D) activities to improve the efficiency of drill collars have provided a positive impact on the industry. Moreover, with technological advancements, the leading players are manufacturing spiral drill collars, with grooves machined on the outside surface that prevent the drill string from getting stuck in the hole, while allowing drilling debris and lubricant to pass more freely around the collar. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global drill collar market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, application and design.

Breakup by Type:

  • Standard Steel Drill Collar
  • Non-magnetic Drill Collar
     

Breakup by Application:

  • Onshore
  • Offshore
     

Breakup by Design:

  • Spiral
  • Slick
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players American Oilfield Tools, Challenger International, Halliburton Hunting PLC, International Drilling Services Ltd (IDS), National Oilwell Varco (NOV), Schlumberger, Schoeller-Bleckmann, Vallourec, Weatherford International (Superior Energy Services) and Workstrings International.

Report Scope:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Type, Application, Design, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Oilfield Tools, Challenger International, Halliburton Hunting PLC, International Drilling Services Ltd (IDS), National Oilwell Varco (NOV), Schlumberger, Schoeller-Bleckmann, Vallourec, Weatherford International (Superior Energy Services) and Workstrings International
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The drill collar market was valued at USD 1.3 Billion in 2024.

The drill collar market is projected to exhibit a CAGR of 3.57% during 2025-2033, reaching a value of USD 1.8 Billion by 2033.

An increase in oil and gas explorations, growing drilling technologies, escalating energy requirements, and a focus on deepwater and ultra-deepwater drilling are the factors driving the drill collar market. In addition to this, growing shale gas exploration and the requirement for precise wellbore stability expand market growth.

North America currently dominates the drill collar market, driven by significant shale gas exploration, advanced drilling technologies, and robust oil and gas production activities in the United States and Canada.

Some of the major players in the drill collar market include American Oilfield Tools, Challenger International, Halliburton Hunting PLC, International Drilling Services Ltd (IDS), National Oilwell Varco (NOV), Schlumberger, Schoeller-Bleckmann, Vallourec, Weatherford International (Superior Energy Services) and Workstrings International, etc.

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Drill Collar Market Report by Type (Standard Steel Drill Collar, Non-magnetic Drill Collar), Application (Onshore, Offshore), Design (Spiral, Slick, and Others), and Region 2025-2033
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