Global power tong market value is anticipated to grow with an impressive CAGR during the forecast years on the backbone of growing demands for efficient and effective equipment for oil excavation and reservoir drilling activities. Surge in the demand for oil and natural gas from the various end use sectors also drives the growth of the global power tong market in the upcoming five years. Rising concerns regarding the safety of the reserve workers and drilling site workers in case of functional at a complicated site, upsurges the demand for better and efficient drilling equipment and safety equipment also supports the growth of the global power tong market in the next five years.

Higher Demands For Oil & Gas Production Drives Market Growth

Increasing consumption of oil & gas in the various end use industries, drive the growth of the global power tong market in the upcoming five years. With higher consumption, consistent increase in the production of the oil and gas through oil wells is also experienced. Growing number of oil reserves and higher drilling activities further facilitates the growth of the global power tong market in the future five years. The demand for the power tongs is also increasing due to drilling for oil in the complicated and difficult terrain. Excavation activities in the difficult terrain makes it impossible for the workers to access the location physically. In those terms, efficient drilling equipment and safety tools are required for the drilling, thereby aiding the growth of the global power tong market in the next five years.

Global oil production in the year 2020 was recorded to be 4165.1 million tonnes and its consumption was about 88477 thousand barrels per day. The United States oil production capacity was 712.7 million tonnes in the year 2020. Demands from the end use industries are exhaustive. Increasing number of passenger cars and commercial vehicles further upsurge the demand for higher production of oil and thus aids the growth of the global power tong market in the forecast years.

Technological Advancement Supports Market Growth

Demand for higher performance, efficiency, and cost effectiveness demands for the consistent research and technological advancement in the oil drilling equipment and safety equipment. It is highly mandatory that these equipment are safe switched and are easily manageable by the remote network based control to the equipment. Also, higher production of the oil and gas demands for the advanced and evolved equipment that has better performance as well as can be equipped for longer duration of time and is fail safe. The cost of production, distribution and supply of oil and oil products is very expensive, and still, the demands for this energy produced is increasing rapidly, thus creating further demand for efficient methods of oil excavation, drilling, and supply.


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Market Segmentation

The global power tong market segmentation is based on type, product type, function, location, regional distribution, and competitive landscape. Based on type, the market is differentiated between hydraulic and pneumatic. By product type, the market is further segmented into chisel tong, casing tong, rotary tong, manual tong, and others. Based on function, the market is distinguished between breakout tong and makeup tong. By location, the market is bifurcated between offshore and onshore location. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European region, South American region, and Middle East & African region.

Company Profile

Keystone Energy Tools, Texas International Oilfield Tools Limited, Eckel, Weatherford International, ProTorque, Edcon Power Tongs and Oilfield Services Ltd., TNT Power Tongs, Starr Power Tongs, Besdrill Machinery, McCoy Global Inc., are enlisted in a partial list of major market players of the global power tong market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Product Type

·         Function

·         Location

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, Australia, South Korea, Singapore, Malaysia, Germany, France, United Kingdom, Spain, Italy, Poland, Denmark, Brazil, Argentina, Colombia, Peru, Chile, South Africa, Saudi Arabia, UAE, Iraq, Turkey.

Key companies profiled

Keystone Energy Tools, Texas International Oilfield Tools Limited, Eckel, Weatherford International, ProTorque, Edcon Power Tongs and Oilfield Services Ltd., TNT Power Tongs, Starr Power Tongs, Besdrill Machinery, McCoy Global Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global power tong market has been segmented into 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
      • Mexico
      • Canada
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • Singapore
      • Malaysia
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Poland
      • Denmark
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Peru
      • Chile
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Iraq
      • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global power tong market.

Available Customizations:

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).

Global Power Tong Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Power Tong Market

5.    Voice of Customers

5.1.1.     Brand Awareness

5.1.2.     Factors Considered while Selecting a Supplier

5.1.3.     Customer Satisfaction Level

5.1.4.     Major Challenges Faced

6.    Global Power Tong Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Hydraulic, Pneumatic)

6.2.2.     By Product Type (Chisel Tong, Casing Tong, Rotary Tong, Manual Tong, Others)

6.2.3.     By Function (Breakout Tong, Makeup Tong)

6.2.4.     By Location (Offshore, Onshore)

6.2.5.     By Region

6.2.6.     By Company

6.3.  Product Market Map

7.    North America Power Tong Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

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.  North America: Country Analysis

7.3.1.     United States 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.     Canada 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.     Mexico 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

8.    Asia-Pacific Power Tong Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

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

8.3.6.     Singapore Power Tong Market Outlook

8.3.6.1.         Market Size & Forecast

8.3.6.1.1.             By Value 

8.3.6.2.         Market Share & Forecast

8.3.6.2.1.             By Type

8.3.6.2.2.             By Product Type

8.3.6.2.3.             By Function

8.3.6.2.4.             By Location

8.3.7.     Malaysia Power Tong Market Outlook

8.3.7.1.         Market Size & Forecast

8.3.7.1.1.             By Value 

8.3.7.2.         Market Share & Forecast

8.3.7.2.1.             By Type

8.3.7.2.2.             By Product Type

8.3.7.2.3.             By Function

8.3.7.2.4.             By Location

9.    Europe Power Tong Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

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.  Europe: Country Analysis

9.3.1.     Germany 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.     United Kingdom 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.     France 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

9.3.4.     Italy Power Tong Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value 

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Type

9.3.4.2.2.             By Product Type

9.3.4.2.3.             By Function

9.3.4.2.4.             By Location

9.3.5.     Spain Power Tong Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value 

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Type

9.3.5.2.2.             By Product Type

9.3.5.2.3.             By Function

9.3.5.2.4.             By Location

9.3.6.     Poland Power Tong Market Outlook

9.3.6.1.         Market Size & Forecast

9.3.6.1.1.             By Value 

9.3.6.2.         Market Share & Forecast

9.3.6.2.1.             By Type

9.3.6.2.2.             By Product Type

9.3.6.2.3.             By Function

9.3.6.2.4.             By Location

9.3.7.     Denmark Power Tong Market Outlook