Market Overview:
The global downhole tubing market is expected to grow at a CAGR of 5.5% from 2018 to 2030. Downhole tubing is used in various applications such as drilling for oil, mining, and others. The growth of the global downhole tubing market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing demand for downhole tubing in Asia Pacific is expected to drive the growth of the market during the forecast period.
Product Definition:
Downhole Tubing is a pipe that is inserted into a wellbore to convey production fluids from the well to the surface. Downhole Tubing can also be used in drilling operations to circulate drilling fluid and remove cuttings from the well.
4 Points:
4 points is a method of connecting four pieces of downhole tubing with two valves and two connectors. It allows the user to switch between different configurations quickly and easily. The 4-point connection system has been used in many oil well perforation projects over the last few years, including horizontal wells in Russia, Nigeria, Saudi Arabia, Venezuela and Canada; as well as several other countries around the world.
6 Points:
6 points is a method of joining two lengths of drill pipe or downhole tubing with six equally spaced connections. It allows the operator to connect three, four or five sections of drill pipe in a line and can be used for vertical drilling as well as horizontal drilling.
It's main advantage is that it provides an easy way to join several sections together.
Application Insights:
The drilling for oil segment dominated the global downhole tubing market in 2017. This is attributed to increasing demand for high-performance steel from major players in the drilling industry, such as Schlumberger Limited, Halliburton Inc., and Baker Hughes Inc. These companies are focusing on manufacturing products that can withstand high pressure and temperature. In addition, they are developing advanced materials that can provide enhanced durability and performance at lower costs over the long term.
The mining application segment is expected to witness significant growth over the forecast period owing to rising demand from various sectors including construction, energy, metal & minerals extraction among others.
Regional Analysis:
North America dominated the global downhole tubing market in 2017. The U.S., which is one of the leading countries for oil and gas exploration, has witnessed a significant increase in drilling activities over the past few years owing to its growing energy needs and demand for petroleum products. Moreover, increasing shale gas exploration activities are expected to drive product demand over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising government investments in infrastructure development projects along with rapid economic growth in emerging economies such as China and India that have resulted into increased mining activities across these countries as well as Australia. These factors are projected to boost product demand during estimated time frame from 2018 to 2030 The Middle East & Africa region accounted for a small share of global revenue but it is likely that this trend will reverse by 2030 due their large oil reserves which have attracted many international companies including Total SA; ExxonMobil Corp.; Shell Oil Co.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising investment in exploration and production activities
- Technological advancements in downhole tubing products and services
- Growing use of downhole tubing in unconventional oil and gas extraction processes
- Expansion of global drilling activity
Scope Of The Report
Report Attributes
Report Details
Report Title
Downhole Tubing Market Research Report
By Type
4 Points, 6 Points, 1 Inch Tube
By Application
Drilling for Oil, Mining, Other
By Companies
Sandvik, WB Supply, Schlumberger, Ray Oil Tool, Ardyne, D?L Dloiltools, Hovoy, Deep Casing Tools, Don Mashburn, Akiet, Centura Oil, Gryphon Oil Field
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Downhole Tubing Market Report Segments:
The global Downhole Tubing market is segmented on the basis of:
Types
4 Points, 6 Points, 1 Inch Tube
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Drilling for Oil, Mining, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sandvik
- WB Supply
- Schlumberger
- Ray Oil Tool
- Ardyne
- D?L Dloiltools
- Hovoy
- Deep Casing Tools
- Don Mashburn
- Akiet
- Centura Oil
- Gryphon Oil Field
Highlights of The Downhole Tubing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 4 Points
- 6 Points
- 1 Inch Tube
- By Application:
- Drilling for Oil
- Mining
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Downhole Tubing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Downhole tubing is a type of tubing used in oil and gas drilling. It is made of a strong, durable material that can withstand the high pressure and temperatures found deep underground. Downhole tubing is often used to connect the drill bit to the wellhead, or to supply water, gas, or oil to the drill bit.
Some of the major companies in the downhole tubing market are Sandvik, WB Supply, Schlumberger, Ray Oil Tool, Ardyne, D?L Dloiltools, Hovoy, Deep Casing Tools, Don Mashburn, Akiet, Centura Oil, Gryphon Oil Field.
The downhole tubing market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Downhole Tubing Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Downhole Tubing Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Downhole Tubing Market - Supply Chain
4.5. Global Downhole Tubing Market Forecast
4.5.1. Downhole Tubing Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Downhole Tubing Market Size (000 Units) and Y-o-Y Growth
4.5.3. Downhole Tubing Market Absolute $ Opportunity
5. Global Downhole Tubing Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Downhole Tubing Market Size and Volume Forecast by Type
5.3.1. 4 Points
5.3.2. 6 Points
5.3.3. 1 Inch Tube
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Downhole Tubing Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Downhole Tubing Market Size and Volume Forecast by Application
6.3.1. Drilling for Oil
6.3.2. Mining
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Downhole Tubing Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Downhole Tubing Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Downhole Tubing Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Downhole Tubing Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Downhole Tubing Demand Share Forecast, 2019-2026
9. North America Downhole Tubing Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Downhole Tubing Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Downhole Tubing Market Size and Volume Forecast by Application
9.4.1. Drilling for Oil
9.4.2. Mining
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Downhole Tubing Market Size and Volume Forecast by Type
9.7.1. 4 Points
9.7.2. 6 Points
9.7.3. 1 Inch Tube
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Downhole Tubing Demand Share Forecast, 2019-2026
10. Latin America Downhole Tubing Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Downhole Tubing Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Downhole Tubing Market Size and Volume Forecast by Application
10.4.1. Drilling for Oil
10.4.2. Mining
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Downhole Tubing Market Size and Volume Forecast by Type
10.7.1. 4 Points
10.7.2. 6 Points
10.7.3. 1 Inch Tube
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Downhole Tubing Demand Share Forecast, 2019-2026
11. Europe Downhole Tubing Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Downhole Tubing Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Downhole Tubing Market Size and Volume Forecast by Application
11.4.1. Drilling for Oil
11.4.2. Mining
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Downhole Tubing Market Size and Volume Forecast by Type
11.7.1. 4 Points
11.7.2. 6 Points
11.7.3. 1 Inch Tube
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth otential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Downhole Tubing Demand Share, 2019-2026
12. Asia Pacific Downhole Tubing Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Downhole Tubing Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Downhole Tubing Market Size and Volume Forecast by Application
12.4.1. Drilling for Oil
12.4.2. Mining
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Downhole Tubing Market Size and Volume Forecast by Type
12.7.1. 4 Points
12.7.2. 6 Points
12.7.3. 1 Inch Tube
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Downhole Tubing Demand Share, 2019-2026
13. Middle East & Africa Downhole Tubing Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Downhole Tubing Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Downhole Tubing Market Size and Volume Forecast by Application
13.4.1. Drilling for Oil
13.4.2. Mining
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Downhole Tubing Market Size and Volume Forecast by Type
13.7.1. 4 Points
13.7.2. 6 Points
13.7.3. 1 Inch Tube
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Downhole Tubing Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Downhole Tubing Market: Market Share Analysis
14.2. Downhole Tubing Distributors and Customers
14.3. Downhole Tubing Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. WB Supply
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schlumberger
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ray Oil Tool
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ardyne
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. D?L Dloiltools
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hovoy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Deep Casing Tools
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Don Mashburn
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Akiet
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Centura Oil
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Gryphon Oil Field
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
