Global Drill Collars Market 2015-2019

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.

Segmentation by raw materials and analysis of the drill collars market

• Standard steel drill collar
• Non-magnetic alloy drill collar