Power Tong Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Hydraulic, Pneumatic), By Product Type (Chisel Tong, Casing Tong, Rotary Tong, Manual Tong, Others), By Function (Breakout Tong, Makeup Tong), By Location (Offshore, Onshore), By Region

December 2022 | 122 pages | ID: P2495CE902FBEN
TechSci Research

Abstracts

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.

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.

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).

Contents

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
    9.3.7.1. Market Size & Forecast
      9.3.7.1.1. By Value
    9.3.7.2. Market Share & Forecast
      9.3.7.2.1. By Type
      9.3.7.2.2. By Product Type
      9.3.7.2.3. By Function
      9.3.7.2.4. By Location

10. SOUTH AMERICA POWER TONG MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value & Volume
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. Argentina 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. Colombia 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
  10.3.4. Peru Power Tong Market Outlook
    10.3.4.1. Market Size & Forecast
      10.3.4.1.1. By Value
    10.3.4.2. Market Share & Forecast
      10.3.4.2.1. By Type
      10.3.4.2.2. By Product Type
      10.3.4.2.3. By Function
      10.3.4.2.4. By Location
  10.3.5. Chile Power Tong Market Outlook
    10.3.5.1. Market Size & Forecast
      10.3.5.1.1. By Value
    10.3.5.2. Market Share & Forecast
      10.3.5.2.1. By Type
      10.3.5.2.2. By Product Type
      10.3.5.2.3. By Function
      10.3.5.2.4. By Location

11. MIDDLE EAST & AFRICA POWER TONG MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value & Volume
11.2. Market Share & Forecast
  11.2.1. By Type
  11.2.2. By Product Type
  11.2.3. By Function
  11.2.4. By Location
  11.2.5. By Country
11.3. Middle East & Africa: Country Analysis
  11.3.1. Saudi Arabia Power Tong Market Outlook
    11.3.1.1. Market Size & Forecast
      11.3.1.1.1. By Value
    11.3.1.2. Market Share & Forecast
      11.3.1.2.1. By Type
      11.3.1.2.2. By Product Type
      11.3.1.2.3. By Function
      11.3.1.2.4. By Location
  11.3.2. South Africa Power Tong Market Outlook
    11.3.2.1. Market Size & Forecast
      11.3.2.1.1. By Value
    11.3.2.2. Market Share & Forecast
      11.3.2.2.1. By Type
      11.3.2.2.2. By Product Type
      11.3.2.2.3. By Function
      11.3.2.2.4. By Location
  11.3.3. UAE Power Tong Market Outlook
    11.3.3.1. Market Size & Forecast
      11.3.3.1.1. By Value
    11.3.3.2. Market Share & Forecast
      11.3.3.2.1. By Type
      11.3.3.2.2. By Product Type
      11.3.3.2.3. By Function
      11.3.3.2.4. By Location
  11.3.4. Iraq Power Tong Market Outlook
    11.3.4.1. Market Size & Forecast
      11.3.4.1.1. By Value
    11.3.4.2. Market Share & Forecast
      11.3.4.2.1. By Type
      11.3.4.2.2. By Product Type
      11.3.4.2.3. By Function
      11.3.4.2.4. By Location
  11.3.5. Turkey Power Tong Market Outlook
    11.3.5.1. Market Size & Forecast
      11.3.5.1.1. By Value
    11.3.5.2. Market Share & Forecast
      11.3.5.2.1. By Type
      11.3.5.2.2. By Product Type
      11.3.5.2.3. By Function
      11.3.5.2.4. By Location

12. MARKET DYNAMICS

12.1. Drivers
12.2. Challenges

13. MARKET TRENDS & DEVELOPMENTS

14. COMPANY PROFILES

14.1. Company Profiles
  14.1.1. Company Details
  14.1.2. Financials (As reported)
  14.1.3. Key Market Focus and Geographical Presence
  14.1.4. Pricing of Target Products
  14.1.5. Market positioning
14.2. Keystone Energy Tools
14.3. Texas Intrenational Oilfield Tools Limited
14.4. Eckel
14.5. Weatherford International
14.6. ProTorque
14.7. Edcon Power Tongs and Oilfield Services Ltd.
14.8. TNT Power Tongs
14.9. Starr Power Tongs
14.10. Besdrill Machinery
14.11. McCoy Global Inc.

15. STRATEGIC RECOMMENDATIONS

(Note: The companies list can be customized based on the client requirements.)