세계의 드릴 로드 시장 : 재료, 코팅 유형, 접속 유형, 용도 및 지역별(-2035년)

Global Drill Rods Market by Material (Alloy Steel, Carbon Steel, Stainless Steel), by Coating Type (Uncoated Drill Rods, Zinc-Coated Drill Rods, Chrome-Coated Drill Rods, Others), by Connection Type (Standard Threaded, Fiction-Welded, Wireline, Others), by Application (Mineral Exploration, Oil & Gas Exploration, Geotechnical & Environmental Drilling, Water Well Drilling, Construction & Foundation Drilling, Others), and by Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) Forecast till 2035

Industry Overview

The global drill rods market was valued at USD 1,431.20 million in 2024, with an expected CAGR of 4.63% over the period 2025-2035. A drill rod is a precision-engineered metal shaft that connects drilling equipment to the cutting or boring tool, enabling efficient penetration into the ground or rock. Commonly used in industries like mining, tunneling, and oil exploration, they must endure extreme stress and wear. High-quality drill rods are often made from heat-treated alloy steel to extend service life.

Drill rods are being heavily sought by the mining industry, which accounts for a major part of the global demand for drill rods, and this market continues to grow due to the increasing demand for minerals like gold, copper, lithium, and coal. These minerals feed an industrial regime, and are the source of development of cities and the technology industry. The rods are at the heart of the processes of exploration, extraction and geological surveys, while deep mining necessitates the most advanced and the newly developed heat-resistant design. Materials science has been the main factor for the continuous success that coming improvements in alloy compositions, precision manufacturing and heat treatment have recorded. The strength, longevity and the resistance to harsh environments of the rods have been significantly upgraded. Large-scale infrastructure developments such as tunnels, motorways, and foundations of tall buildings are also keeping the trend of market growth alive.

The sector still however experiences some challenges despite the positive forecasts. Hign production and procurement costs greatly limit the number of companies that adopt the technology or start new projects. Stringent regulatory requirements in mining, construction, and oil and gas increase the complexity and the operational costs of enterprises. On the other hand, sudden changes in raw materials prices and the unavailability of supply chain lead to limited supplies and increase in prices. Besides that, the likes of composite materials are slowly but surely penetrating the market to become a tough competitor of steel-based products.

The growth prospects are very bright with emerging markets that will need urbanization and industrial projects. The best thing that is most likely to occur in the next 20 years is the growth of the oil and gas drilling industry, shale-naturally, deep water exploration, and offshore are going to be the only sectors where long-lasting and specialized rods will be used. Besides that, there will also be an increasing demand for drill rods in the renewable energy sector, which includes geothermal and offshore wind. Companies can use automation and the Internet of Things (IoT) technology to improve efficiency as well as reduce downtime and enable predictive maintenance, which could open fresh opportunities for manufacturers.

Industry Segmentations

The global drill rods market is segmented by coating type into uncoated drill rods, zinc-coated drill rods, chrome-coated drill rods, and others.

In terms of material, the global market is divided into alloy steel, carbon steel, and stainless steel.

Depending on the application, the global drill rods market is classified into Mineral exploration, oil & gas exploration, geotechnical & environmental drilling, water well drilling, construction & foundation drilling, and others

Standard threaded, friction-welded, wireline, and other are parts of connection types of the global market.

Regional Analysis

The North American drill rods market is on a steady growth path, propelled by infrastructure spending, mining, and energy projects. Government-backed initiatives, such as the IIJA, have created large-scale opportunities in tunneling and foundation drilling. Demand from Nevada's gold mines, Ontario's nickel deposits, and shale drilling in the Permian Basin underscores the need for friction-welded and API-standard rods. Technological advancements, including high-strength alloys and automated drilling systems, are shaping market competitiveness.

In Europe, growth is anchored in infrastructure upgrades and renewable energy development. Germany, the UK, and France are leading metro and utility expansion projects, requiring robust drill rod solutions. The Grand Paris Express and North Sea wind farms highlight the demand for long-lasting, high-performance products. Stricter environmental policies are accelerating the shift toward sustainable, alloy-based rods with extended service life.

Asia Pacific is the leader of the global market with unprecedented demand for construction and mining. Besides the rail and metro expansions in China, the infrastructure programs in India, and the deep mining operations in Australia are some of the main contributors. Reverse circulation and diamond drill rods are the most popular among the region's metal mining sites. Besides that, automation and material innovation are also being implemented to make the products more efficient and durable.

The South American market is prospering due to mineral resources and infrastructure growth. The exploration of copper, lithium, and iron ore in Chile, Peru, and Brazil is leading to a stable demand for high-strength drill rods. The metro rail expansion in Sao Paulo and renewable projects in Patagonia are further contributing to the market's upward trend. The local implementation of friction-welded rods is also playing a major role in the region's drilling efficiency.

The main factors for demand in the Middle East and Africa region are oil and gas exploration, mining, and mega infrastructure projects. The GCC countries are promoting large-scale urban developments that will require advanced drilling capabilities. The African mining hubs are funding the most durable drill rods for gold and diamond extraction. Water well drilling and cost-effective rod solutions are gaining importance in drought-prone areas.

Key Players

Major players in the global drill rods market are Precision Brand Products, Inc., Maxdrill Rock Tools Co., Ltd., Wuxi Geotec Geological Equipment Co., Ltd., Di-Corp, Ghai Mining Tools Co. Pvt. Ltd., Litian Heavy Industry Machinery Co., Ltd., Hole Products, KLR Industries Limited, Asahi Diamond Industrial Australia Pty. Ltd., and Taesung Co., Ltd.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

• 2.1 DEFINITION
• 2.2 SCOPE OF THE STUDY
• 2.3 RESEARCH OBJECTIVE
• 2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

• 3.1 OVERVIEW
• 3.2 DATA FLOW
  • 3.2.1 DATA MINING PROCESS
• 3.3 PURCHASED DATABASE:
• 3.4 SECONDARY SOURCES:
  • 3.4.1 SECONDARY RESEARCH DATA FLOW:
• 3.5 PRIMARY RESEARCH:
  • 3.5.1 PRIMARY RESEARCH DATA FLOW:
  • 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
• 3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
  • 3.6.1 REVENUE ANALYSIS APPROACH
• 3.7 DATA FORECASTING
  • 3.7.1 DATA FORECASTING TECHNIQUE
• 3.8 DATA MODELING
  • 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
  • 3.8.2 DATA MODELING:
• 3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

• 4.1.1 INTRODUCTION
• 4.1.2 DRIVERS
• 4.1.3 INCREASING DEMAND FROM MINING INDUSTRY
• 4.1.4 TECHNOLOGICAL ADVANCEMENTS IN DRILL ROD MANUFACTURING
• 4.1.5 GROWING INFRASTRUCTURE DEVELOPMENT PROJECTS
• 4.1.6 RISING ENVIRONMENTAL REGULATIONS
• 4.1.7 FLUCTUATING RAW MATERIAL PRICES
• 4.1.8 DRIVER IMPACT ANALYSIS
• 4.1.9 RESTRAINTS
• 4.1.10 HIGH INITIAL INVESTMENT COSTS
• 4.1.11 STRINGENT REGULATORY COMPLIANCE REQUIREMENTS
• 4.1.12 SUPPLY CHAIN DISRUPTIONS
• 4.1.13 COMPETITION FROM ALTERNATIVE MATERIALS
• 4.1.14 ECONOMIC SLOWDOWNS IN KEY MARKETS
• 4.1.15 RESTRAINT IMPACT ANALYSIS
• 4.1.16 OPPORTUNITY
• 4.1.17 EXPANSION INTO EMERGING MARKETS
• 4.1.18 DEVELOPMENT OF LIGHTWEIGHT AND DURABLE MATERIALS
• 4.1.19 INCREASED COLLABORATION WITH OIL AND GAS SECTOR
• 4.1.20 GROWTH IN RENEWABLE ENERGY PROJECTS
• 4.1.21 ADOPTION OF AUTOMATION AND IOT IN DRILLING ACTIVITIES
• 4.1.22 IMPACT ANALYSIS OF COVID-19
• 4.1.23 MPACT ON OVERALL IAE
• 4.1.24 IMPACT ON GLOBAL DRILL RODS MARKET
• 4.1.25 IMPACT ON SUPPLY CHAIN OF DRILL RODS MARKET
• 4.1.26 IMPACT ON MARKET DEMAND OF DRILL RODS MARKET
• 4.1.27 IMPACT ON PRICING OF DRILL RODS MARKET
• 4.1.28 PROJECTS BY COUNTRY

5 MARKET FACTOR ANALYSIS

• 5.1.1 SUPPLY CHAIN ANALYSIS
• 5.1.2 RAW MATERIAL
• 5.1.3 MANUFACTURERS
• 5.1.4 LOGISTICS AND TRANSPORTATION
• 5.1.5 DISTRIBUTION AND RETAIL
• 5.1.6 END-USERS
• 5.1.7 SUPPLY DEMAND ANALYSIS
• 5.1.8 PRODUCTION & CONSUMPTION DATA
• 5.1.9 PRICING ANALYSIS
• 5.1.10 PORTER'S FIVE FORCES MODEL
• 5.1.11 THREAT OF NEW ENTRANTS (MODERATE TO HIGH)
• 5.1.12 BARGAINING POWER OF SUPPLIERS (MODERATE TO HIGH)
• 5.1.13 THREAT OF SUBSTITUTES (MODERATE)
• 5.1.14 BARGAINING POWER OF BUYERS (MODERATE TO HIGH)
• 5.1.15 INTENSITY OF RIVALRY (HIGH)

6 GLOBAL DRILL TOOLS MARKET, BY MATERIAL

• 6.1 INTRODUCTION
• 6.2 ALLOY STEEL
• 6.3 CARBON STEEL
• 6.4 STAINLESS STEEL

7 GLOBAL DRILL TOOLS MARKET, BY COATING TYPE

• 7.1 INTRODUCTION
• 7.1 UNCOATED DRILL RODS
• 7.2 ZINC-COATED DRILL RODS
• 7.3 CHROME-COATED DRILL RODS
• 7.4 OTHERS

8 GLOBAL DRILL TOOLS MARKET, BY CONNECTION TYPE

• 8.1 INTRODUCTION
• 8.1 STANDARD THREADED
• 8.2 FRICTION-WELDED
• 8.3 WIRELINE
  • 8.3.1 P SIZE DRILL RODS
  • 8.3.2 H SIZE DRILL RODS
  • 8.3.3 N SIZE DRILL RODS
  • 8.3.4 B SIZE DRILL RODS
• 8.4 OTHERS

9 GLOBAL DRILL TOOLS MARKET, BY APPLICATION

• 9.1 INTRODUCTION
• 9.2 MINERAL EXPLORATION
• 9.3 OIL & GAS EXPLORATION
• 9.4 GEOTECHNICAL & ENVIRONMENTAL DRILLING
• 9.5 WATER WELL DRILLING
• 9.6 CONSTRUCTION & FOUNDATION DRILLING
• 9.7 OTHERS

10 GLOBAL DRILL TOOLS MARKET, BY REGION

• 10.1 OVERVIEW
• 10.2 NORTH AMERICA
  • 10.2.1 U.S.
  • 10.2.2 CANADA
• 10.3 EUROPE
  • 10.3.1 GERMANY
  • 10.3.2 UK
  • 10.3.3 FRANCE
  • 10.3.4 ITALY
  • 10.3.5 SPAIN
  • 10.3.6 RUSSIA
  • 10.3.7 REST OF EUROPE
• 10.4 ASIA PACIFIC
  • 10.4.1 CHINA
  • 10.4.2 INDIA
  • 10.4.3 JAPAN
  • 10.4.4 SOUTH KOREA
  • 10.4.5 MALAYSIA
  • 10.4.6 THAILAND
  • 10.4.7 INDONESIA
  • 10.4.8 REST OF ASIA PACIFIC
• 10.5 SOUTH AMERICA
  • 10.5.1 BRAZIL
  • 10.5.2 MEXICO
  • 10.5.3 ARGENTINA
  • 10.5.4 REST OF SOUTH AMERICA
• 10.6 MIDDE EAST & AFRICA
  • 10.6.1 GCC COUNTRIES
  • 10.6.2 SOUTH AFRICA
  • 10.6.3 REST OF MIDDLE EAST & AFRICA

11 COMPETITIVE LANDSCAPE

• 11.1 INTRODUCTION
• 11.2 MARKET SHARE ANALYSIS, 2024
• 11.3 COMPETITOR DASHBOARD
• 11.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
  • 11.4.1 PRODUCT LAUNCH

12 COMPANY PROFILES

• 12.1 PRECISION BRAND
  • 12.1.1 COMPANY OVERVIEW
  • 12.1.2 FINANCIAL OVERVIEW
  • 12.1.3 PRODUCTS OFFERED
  • 12.1.4 KEY DEVELOPMENTS
  • 12.1.5 SWOT ANALYSIS
  • 12.1.6 KEY STRATEGIES
• 12.2 MAXDRILL ROCK TOOLS CO., LTD.
  • 12.2.1 COMPANY OVERVIEW
  • 12.2.2 FINANCIAL OVERVIEW
  • 12.2.3 KEY DEVELOPMENTS
  • 12.2.4 PRODUCTS OFFERED
  • 12.2.5 SWOT ANALYSIS
  • 12.2.6 KEY STRATEGIES
• 12.3 WUXI GEOTEC GEOLOGICAL EQUIPMENT CO.,LTD.
  • 12.3.1 COMPANY OVERVIEW
  • 12.3.2 FINANCIAL OVERVIEW
  • 12.3.3 PRODUCTS OFFERED
  • 12.3.4 KEY DEVELOPMENTS
  • 12.3.5 SWOT ANALYSIS
  • 12.3.6 KEY STRATEGIES
• 12.4 DI-CORP, INC.
  • 12.4.1 COMPANY OVERVIEW
  • 12.4.2 FINANCIAL OVERVIEW
  • 12.4.3 PRODUCTS OFFERED
  • 12.4.4 KEY DEVELOPMENTS
  • 12.4.5 SWOT ANALYSIS
  • 12.4.6 KEY STRATEGIES
• 12.5 GHAI MINING TOOLS CO. PVT. LTD.
  • 12.5.1 COMPANY OVERVIEW
  • 12.5.2 FINANCIAL OVERVIEW
  • 12.5.3 PRODUCTS OFFERED
  • 12.5.4 KEY DEVELOPMENTS
  • 12.5.5 SWOT ANALYSIS
  • 12.5.6 KEY STRATEGIES
• 12.6 LITIAN HEAVY INDUSTRY MACHINERY CO., LTD
  • 12.6.1 COMPANY OVERVIEW
  • 12.6.2 FINANCIAL OVERVIEW
  • 12.6.3 PRODUCTS OFFERED
  • 12.6.4 KEY DEVELOPMENTS
  • 12.6.5 SWOT ANALYSIS
  • 12.6.6 KEY STRATEGIES
• 12.7 HOLE PRODUCTS
  • 12.7.1 COMPANY OVERVIEW
  • 12.7.2 FINANCIAL OVERVIEW
  • 12.7.3 PRODUCTS OFFERED
  • 12.7.4 KEY DEVELOPMENTS
  • 12.7.5 SWOT ANALYSIS
  • 12.7.6 KEY STRATEGIES
• 12.8 KLR UNIVERSAL
  • 12.8.1 COMPANY OVERVIEW
  • 12.8.2 FINANCIAL OVERVIEW
  • 12.8.3 PRODUCTS OFFERED
  • 12.8.4 KEY DEVELOPMENTS
  • 12.8.5 SWOT ANALYSIS
  • 12.8.6 KEY STRATEGIES
• 12.9 ASAHI DIAMOND INDUSTRIAL AUSTRALIA PTY. LTD.
  • 12.9.1 COMPANY OVERVIEW
  • 12.9.2 FINANCIAL OVERVIEW
  • 12.9.3 PRODUCTS OFFERED
  • 12.9.4 KEY DEVELOPMENTS
  • 12.9.5 SWOT ANALYSIS
  • 12.9.6 KEY STRATEGIES
• 12.10 TAESUNG CO
  • 12.10.1 COMPANY OVERVIEW
  • 12.10.2 FINANCIAL OVERVIEW
  • 12.10.3 PRODUCTS OFFERED
  • 12.10.4 KEY DEVELOPMENTS
  • 12.10.5 SWOT ANALYSIS
  • 12.10.6 KEY STRATEGIES
• 12.11 DATA CITATIONS