파워 통 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 유형별, 제품 유형별, 기능별, 장소별, 지역별, 경쟁(2021-2031년)

The Global Power Tong Market is projected to grow substantially from USD 2.93 Billion in 2025 to USD 5.06 Billion by 2031, at a compound annual growth rate (CAGR) of 9.53%. Power tongs are specialized hydraulic tools essential in the oil and gas industry for precisely applying or releasing torque on tubular goods like drill pipes, casing, and tubing during well construction and servicing operations. This market expansion is primarily fueled by the intensification of global exploration and production (E&P) activities. Evidence of this robust operational environment includes the 418.4 million man-hours recorded globally by drilling contractors in 2024, as reported by the International Association of Drilling Contractors (IADC), indicating strong demand for drilling equipment.

The growth is further driven by the increasing necessity for automated tubular running services to enhance rig safety and efficiency. However, the market's positive outlook is tempered by the significant challenge of crude oil price volatility, which frequently prompts operators to implement stringent capital expenditure cuts and defer new drilling projects, thereby hindering the acquisition and utilization of critical rig hardware.

Market Driver

A primary catalyst for the power tong market is the intensified global exploration and production activities, particularly in offshore and ultra-deepwater regions. As operations move into more challenging reservoirs, the demand for frequent pipe tripping and advanced tubular handling equipment grows significantly. This surge in upstream operations is reflected by an international rig count of 1,073 units in November 2025, according to Baker Hughes data, indicating a consistent need for make-up and break-out tools. Furthermore, substantial capital investments, such as Saudi Aramco's projected $52-58 billion capital expenditure for 2025, reinforce the long-term demand for drilling equipment, including hydraulic tongs.

The second critical driver is the integration of automation and IoT-enabled drilling technologies, which is transforming product requirements towards high-precision, remote-operated units. The industry is actively transitioning from manual to automated systems to enhance safety during tubular handling and ensure precise torque application. This shift is underscored by significant service contracts, such as Weatherford International's $147 million contract with Petrobras for automated tubular running services, demonstrating operators' commitment to leveraging advanced mechanized tools for improved operational efficiency, reduced rig downtime, and adherence to modern safety standards.

Market Challenge

The primary challenge hindering the growth of the Global Power Tong Market is the volatility of crude oil prices. Unpredictable or declining energy prices often compel exploration and production companies to reduce capital expenditures to maintain financial stability. This financial restraint results in the postponement of new drilling campaigns and the cancellation of well completion projects, both of which are critical activities requiring power tongs. Such reductions in tubular running operations directly decrease demand for torque-application equipment, thereby impeding revenue generation for manufacturers and service providers.

This challenging market dynamic is substantiated by industry data indicating sustained pricing pressure. For instance, the OPEC's September 2025 Monthly Oil Market Report noted a continued downward trend with the ICE Brent benchmark averaging $67.26 per barrel, undermining operator confidence. This price instability forces drilling contractors to limit rig deployments, consequently hampering the procurement and utilization of essential rig hardware, including hydraulic power tongs.

Market Trends

A significant market trend is the increasing adoption of automated tubular handling capabilities, evolving towards fully autonomous robotic systems that remove personnel from hazardous rig environments. These next-generation solutions, unlike older remote-operated units, employ multi-arm robotics and machine vision to perform pipe tripping sequences without any manual intervention. This technological leap involves equipment that can make independent decisions during tubular transfer, greatly exceeding the efficiency of standard mechanized tools. This progress is exemplified by NOV's successful deployment of a robotics system with three autonomous arms for tubular handling on a commercial rig in Canada, as reported by Drilling Contractor in June 2025, confirming the operational feasibility of hands-free technology.

Concurrently, there is an intensifying trend in the development of high-torque units specifically for deepwater applications. As operators target deeper reservoirs, there is a growing need for equipment capable of extreme connection force to manage premium strings and heavy-wall casings crucial for ultra-deepwater integrity. The market is prioritizing units that can deliver precise, high-capacity torque in high-pressure environments, a demand reflected in significant service agreements such as Expro Group securing over $10 million in contracts for the Neptun Deep gas project, emphasizing the necessity for high-specification tubular running hardware in advanced developments.

Key Market Players

• Eckel Manufacturing Co., Inc.
• INTLEF Oil and Gas Group Co., Ltd.
• Jiangsu Rutong Petroleum Machinery Co.
• Jiangsu Rushi Machinery Co., Ltd.
• Weatherford International Plc
• ALCO Inc.
• Jiangsu Zhongyou Machinery Co., Ltd.
• Jereh Group
• International Prospering Group S.A. de C.V.
• Midland Oil Tools (MOT)

Report Scope

In this report, the Global Power Tong Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Power Tong Market, By Type

• Hydraulic
• Pneumatic

Power Tong Market, By Product Type

• Chisel Tong
• Casing Tong
• Rotary Tong
• Manual Tong
• Others

Power Tong Market, By Function

• Breakout Tong
• Makeup Tong

Power Tong Market, By Location

• Offshore
• Onshore

Power Tong Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Power Tong Market.

Available Customizations:

Global Power Tong Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Power Tong Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Hydraulic, Pneumatic)
  • 5.2.2. By Product Type (Chisel Tong, Casing Tong, Rotary Tong, Manual Tong, Others)
  • 5.2.3. By Function (Breakout Tong, Makeup Tong)
  • 5.2.4. By Location (Offshore, Onshore)
  • 5.2.5. By Region
  • 5.2.6. By Company (2025)
• 5.3. Market Map

6. North America Power Tong Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Product Type
  • 6.2.3. By Function
  • 6.2.4. By Location
  • 6.2.5. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Power Tong Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Product Type
      • 6.3.1.2.3. By Function
      • 6.3.1.2.4. By Location
  • 6.3.2. Canada Power Tong Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Product Type
      • 6.3.2.2.3. By Function
      • 6.3.2.2.4. By Location
  • 6.3.3. Mexico Power Tong Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Product Type
      • 6.3.3.2.3. By Function
      • 6.3.3.2.4. By Location

7. Europe Power Tong Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Product Type
  • 7.2.3. By Function
  • 7.2.4. By Location
  • 7.2.5. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Power Tong Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Product Type
      • 7.3.1.2.3. By Function
      • 7.3.1.2.4. By Location
  • 7.3.2. France Power Tong Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Product Type
      • 7.3.2.2.3. By Function
      • 7.3.2.2.4. By Location
  • 7.3.3. United Kingdom Power Tong Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Product Type
      • 7.3.3.2.3. By Function
      • 7.3.3.2.4. By Location
  • 7.3.4. Italy Power Tong Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Product Type
      • 7.3.4.2.3. By Function
      • 7.3.4.2.4. By Location
  • 7.3.5. Spain Power Tong Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Product Type
      • 7.3.5.2.3. By Function
      • 7.3.5.2.4. By Location

8. Asia Pacific Power Tong Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Product Type
  • 8.2.3. By Function
  • 8.2.4. By Location
  • 8.2.5. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Power Tong Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Product Type
      • 8.3.1.2.3. By Function
      • 8.3.1.2.4. By Location
  • 8.3.2. India Power Tong Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Product Type
      • 8.3.2.2.3. By Function
      • 8.3.2.2.4. By Location
  • 8.3.3. Japan Power Tong Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Product Type
      • 8.3.3.2.3. By Function
      • 8.3.3.2.4. By Location
  • 8.3.4. South Korea Power Tong Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Product Type
      • 8.3.4.2.3. By Function
      • 8.3.4.2.4. By Location
  • 8.3.5. Australia Power Tong Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Product Type
      • 8.3.5.2.3. By Function
      • 8.3.5.2.4. By Location

9. Middle East & Africa Power Tong Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Product Type
  • 9.2.3. By Function
  • 9.2.4. By Location
  • 9.2.5. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Power Tong Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Product Type
      • 9.3.1.2.3. By Function
      • 9.3.1.2.4. By Location
  • 9.3.2. UAE Power Tong Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Product Type
      • 9.3.2.2.3. By Function
      • 9.3.2.2.4. By Location
  • 9.3.3. South Africa Power Tong Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Product Type
      • 9.3.3.2.3. By Function
      • 9.3.3.2.4. By Location

10. South America Power Tong Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Product Type
  • 10.2.3. By Function
  • 10.2.4. By Location
  • 10.2.5. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Power Tong Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Product Type
      • 10.3.1.2.3. By Function
      • 10.3.1.2.4. By Location
  • 10.3.2. Colombia Power Tong Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Product Type
      • 10.3.2.2.3. By Function
      • 10.3.2.2.4. By Location
  • 10.3.3. Argentina Power Tong Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Product Type
      • 10.3.3.2.3. By Function
      • 10.3.3.2.4. By Location

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Power Tong Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Eckel Manufacturing Co., Inc.
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. INTLEF Oil and Gas Group Co., Ltd.
• 15.3. Jiangsu Rutong Petroleum Machinery Co.
• 15.4. Jiangsu Rushi Machinery Co., Ltd.
• 15.5. Weatherford International Plc
• 15.6. ALCO Inc.
• 15.7. Jiangsu Zhongyou Machinery Co., Ltd.
• 15.8. Jereh Group
• 15.9. International Prospering Group S.A. de C.V.
• 15.10. Midland Oil Tools (MOT)

16. Strategic Recommendations

17. About Us & Disclaimer