Drill Collar Market, 2014 to 2020 - Industry Trends, Market Size, Segments, Growth Prospects: Grand View Research, Inc

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Global drill collar market is expected to witness considerable growth over a foreseeable period owing to increasing energy demand along with surging drilling and E&P activities globally. Low crude oil spot prices coupled with growing energy demand is expected to complement the global drill collar market expansion over the next six years. Increasing investment from major players to increase the crude oil production rates is likely to propel the market growth in future. Rising E&P activities across the globe is further expected to create an immense opportunity for the new entrants as well as existing players over the forecast period. Upcoming drilling projects particularly in Middle East and South–East Asia are further anticipated to positively impact global drill collar market growth. Oil & gas drilling services industry is expected to experience significant growth over the forecast period owing to new hydrocarbon exploration in Africa and Latin America. This trend is expected to drive the drill collar demand in these regions in next six years. The report “Drill Collar Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2014 to 2020” is available now to Company customers and can also be purchased directly at