Global Kelly Drives
Market Report
2025
The global Kelly drive Market size is USD 1854.6 million in 2024. The growing interest in investment in gas drilling activities is expected to boost sales to USD 2440.52 million by 2031, with a Compound Annual Growth Rate (CAGR) of 4.00% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Kelly drive Market size will be USD 1854.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Kelly Drives Market Sales Revenue | 121212 | $ 1854.6 Million | 121212 | 121212 | 121212 | 4% |
North America Kelly Drives Market Sales Revenue | 121212 | $ 741.84 Million | 121212 | 121212 | 121212 | 2.2% |
Mexico Kelly Drives Market Sales Revenue | 121212 | $ 67.51 Million | 121212 | 121212 | 121212 | 2.7% |
Canada Kelly Drives Market Sales Revenue | 121212 | $ 89.02 Million | 121212 | 121212 | 121212 | 3% |
United States Kelly Drives Market Sales Revenue | 121212 | $ 585.31 Million | 121212 | 121212 | 121212 | 2% |
Europe Kelly Drives Market Sales Revenue | 121212 | $ 556.38 Million | 121212 | 121212 | 121212 | 2.5% |
France Kelly Drives Market Sales Revenue | 121212 | $ 51.19 Million | 121212 | 121212 | 121212 | 1.7% |
Spain Kelly Drives Market Sales Revenue | 121212 | $ 45.62 Million | 121212 | 121212 | 121212 | 1.6% |
United Kingdom Kelly Drives Market Sales Revenue | 121212 | $ 93.47 Million | 121212 | 121212 | 121212 | 3.3% |
Russia Kelly Drives Market Sales Revenue | 121212 | $ 86.24 Million | 121212 | 121212 | 121212 | 1.5% |
Italy Kelly Drives Market Sales Revenue | 121212 | $ 47.85 Million | 121212 | 121212 | 121212 | 1.9% |
Germany Kelly Drives Market Sales Revenue | 121212 | $ 110.16 Million | 121212 | 121212 | 121212 | 2.7% |
Rest of Europe Kelly Drives Market Sales Revenue | 121212 | $ 86.24 Million | 121212 | 121212 | 121212 | 1.2% |
Asia Pacific Kelly Drives Market Sales Revenue | 121212 | $ 426.56 Million | 121212 | 121212 | 121212 | 6% |
Japan Kelly Drives Market Sales Revenue | 121212 | $ 58.87 Million | 121212 | 121212 | 121212 | 4.5% |
China Kelly Drives Market Sales Revenue | 121212 | $ 191.95 Million | 121212 | 121212 | 121212 | 5.5% |
Australia Kelly Drives Market Sales Revenue | 121212 | $ 22.18 Million | 121212 | 121212 | 121212 | 5.7% |
India Kelly Drives Market Sales Revenue | 121212 | $ 51.19 Million | 121212 | 121212 | 121212 | 7.8% |
Korea Kelly Drives Market Sales Revenue | 121212 | $ 42.66 Million | 121212 | 121212 | 121212 | 5.1% |
Rest of APAC Kelly Drives Market Sales Revenue | 121212 | $ 30.29 Million | 121212 | 121212 | 121212 | 5.8% |
South America Kelly Drives Market Sales Revenue | 121212 | $ 92.73 Million | 121212 | 121212 | 121212 | 3.4% |
Argentina Kelly Drives Market Sales Revenue | 121212 | $ 15.58 Million | 121212 | 121212 | 121212 | 4.3% |
Brazil Kelly Drives Market Sales Revenue | 121212 | $ 39.69 Million | 121212 | 121212 | 121212 | 4% |
Chile Kelly Drives Market Sales Revenue | 121212 | $ 6.68 Million | 121212 | 121212 | 121212 | 3.7% |
Peru Kelly Drives Market Sales Revenue | 121212 | $ 7.6 Million | 121212 | 121212 | 121212 | 3.6% |
Colombia Kelly Drives Market Sales Revenue | 121212 | $ 8.25 Million | 121212 | 121212 | 121212 | 3.2% |
Rest of South America Kelly Drives Market Sales Revenue | 121212 | $ 14.93 Million | 121212 | 121212 | 121212 | 2.5% |
Middle East and Africa Kelly Drives Market Sales Revenue | 121212 | $ 37.09 Million | 121212 | 121212 | 121212 | 3.7% |
South Africa Kelly Drives Market Sales Revenue | 121212 | $ 5.86 Million | 121212 | 121212 | 121212 | 4.7% |
Egypt Kelly Drives Market Sales Revenue | 121212 | $ 3.89 Million | 121212 | 121212 | 121212 | 4% |
Nigeria Kelly Drives Market Sales Revenue | 121212 | $ 3.89 Million | 121212 | 121212 | 121212 | 2.8% |
GCC Countries Kelly Drives Market Sales Revenue | 121212 | $ 15.88 Million | 121212 | 121212 | 121212 | 4.5% |
Turkey Kelly Drives Market Sales Revenue | 121212 | $ 3.19 Million | 121212 | 121212 | 121212 | 3.2% |
Rest of MEA Kelly Drives Market Sales Revenue | 121212 | $ 4.38 Million | 121212 | 121212 | 121212 | 2.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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Market Split by Component |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of Kelly Drives industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Kelly Drives Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A kelly drive is a kind of well drilling tool used on an oil or gas drilling rig that uses a pipe segment with a splined or polygonal (three, four, six, or eight-sided) outer surface. The pipe segment goes through a rotary table and corresponding splined or polygonal kelly (mating) bushing. Oil and gas drilling machinery is tied to the dynamics of supply, demand, and the market for Kelly drives, both onshore and offshore. Kelly drives facilitate the simpler transfer of rotational energy from the rotary table to the drill string during drilling, which is why they are a crucial component of rotary drilling systems.
February 2023: Gyrodata Incorporated, a provider of gyroscopic wellbore positioning and survey technology with its headquarters located in Houston, was acquired by SLB. (Source: https://investorcenter.slb.com/news-releases/news-release-details/slb-completes-acquisition-gyrodata-incorporated#:~:text=HOUSTON%20%2D%2D(BUSINESS%20WIRE)%2D%2D,wellbore%20positioning%20and%20survey%20technology. )
The Kelly drive Market has experienced growth due to expanding exploration and production efforts. Increased discovery of undiscovered reserves is a result of the world's growing energy demand as well as technological developments in the oil and gas sector. In order to investigate the substantial shale resources in the US and Canada, oil and gas corporations are progressively utilizing unconventional drilling techniques. Kelly drives for E&P operations are anticipated to become more popular as investments in these activities rise.
The Kelly drive Market has witnessed steady growth, driven by advancements in technology of drilling. Drilling rig automation is becoming a bigger priority for rig operators as a way to lower the number of serious mishaps and explosions brought on by human error. In order to make the right conclusions, automated drilling rigs can compare and evaluate a sizable quantity of data that the sensors have collected. Automation of drilling rigs is anticipated to boost oil and gas drilling operations' efficiency and lower the likelihood of mishaps brought on by human mistake.
The Kelly drive Market, driven by factors such as the rise in global energy demand, increasing E&P activities, and increasing active rig count. Promising potential await the Kelly drives industry in rising markets like as China, India, and Brazil, where energy demand is anticipated to surge. Manufacturers can enhance their market share in these locations by forming strategic alliances, creating wide-ranging distribution networks, and setting up production units in certain areas. They are in a position to take advantage of the growing need for drilling equipment in the oil and gas industry by using this strategic approach, which will increase their market share and competitive advantage.
The Kelly Drive Market was not exempt from the effects of the Covid-19 outbreak, as were numerous other companies across the globe. Sales and foot traffic were restricted in the market due to temporary closures and restrictions during the pandemic. Key drivers includes high investment in gas drilling and onshore oil. But suppliers rapidly adjusted, adding more web presence and putting safety precautions in place. For the market to survive, home delivery, online ordering, and virtual shopping experiences became necessary. The market gradually reopened as things got better, and people started coming back with a fresh respect for shopping in person.
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The Kelly Drive Market's competitive environment is defined by a broad spectrum of sellers providing an extensive selection of goods and services. The market encourages healthy rivalry, which pushes suppliers to stand out from the competition and innovate in order to draw in clients. In this cutthroat market, a vendor's ability to succeed depends on a number of variables, including product quality, cost, customer support, and marketing tactics.
June 2023: Kerui Group's continuous commercial dealings with Russia during the Russian invasion of Ukraine led to the National Agency for Corruption Prevention of Ukraine designating the company as a "international sponsor of war". (Source: https://www.business-humanrights.org/en/latest-news/ukraine-govt-lists-leading-chinese-oil--gas-equipment-manufacturer-as-intl-war-sponsor-over-increased-exports-to-russia/) June 2021: According to Weatherford International plc (OTC Pink: WFTLF), its application to relist Weatherford's common shares on the Nasdaq under the ticker code "WFRD" has been granted by Nasdaq. The relisting will take effect at the start of trading. (Source: https://en.wikipedia.org/wiki/Weatherford_International)
Top Companies Market Share in Kelly Drives Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the existence of well-established oil and gas exploration activities in nations such as the United States and Canada. Additionally, the use of cutting-edge drilling techniques and technical breakthroughs encourage market expansion in this area.
Asia Pacific stands out as the fastest-growing region in the Kelly drive Market due to the fast industrialization and urbanization of nations like China and India. Additionally, the existence of substantial unexplored resources in areas such as the South China Sea and the Indian subcontinent offers profitable prospects for producers of Kelly drives.
The current report Scope analyzes Kelly Drives Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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If we look at the percentage market shares of top North America countries for 2025,Mexico (xx%), Canada (xx%), United States (xx%)
According to Cognitive Market Research, the global Kelly drive Market size was estimated at USD 1854.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 741.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
If we look at the percentage market shares of top Europe countries for 2025,France (xx%), Spain (xx%), United Kingdom (xx%), Russia (xx%), Italy (xx%), Germany (xx%), Rest of Europe (xx%)
According to Cognitive Market Research, the global Kelly drive Market size was estimated at USD 1854.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 556.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
If we look at the percentage market shares of top Asia Pacific countries for 2025,Japan (xx%), China (xx%), Australia (xx%), India (xx%), Korea (xx%), Rest of APAC (xx%)
According to Cognitive Market Research, the global Kelly drive Market size was estimated at USD 1854.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 426.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
If we look at the percentage market shares of top South America countries for 2025,Argentina (xx%), Brazil (xx%), Chile (xx%), Peru (xx%), Colombia (xx%), Rest of South America (xx%)
According to Cognitive Market Research, the global Kelly drive Market size was estimated at USD 1854.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 92.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. .
If we look at the percentage market shares of top Middle East and Africa countries for 2025,South Africa (xx%), Egypt (xx%), Nigeria (xx%), GCC Countries (xx%), Turkey (xx%), Rest of MEA (xx%)
According to Cognitive Market Research, the global Kelly drive Market size was estimated at USD 1854.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 37.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..
Global Kelly Drives Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Kelly Drives Industry growth. Kelly Drives market has been segmented with the help of its Type, Application Component, and others. Kelly Drives market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Kelly drive Market?
According to Cognitive Market Research, square kelly stands out as the dominant category over the projected period due to its widespread usage in shale drilling operations. Cutting-edge technology lowers industrial fragmentation, boosts productivity, and lowers the expensive price of insufficient interoperability.. Advanced technologies of drilling continue to drive the sector's evolution and product diversity.
Hexagonal kelly emerges as the fastest-growing category in the Kelly drive Market because it is stronger and suitable for usage in hard rock settings. Hexagobal Kelly offer enhanced performance but with increased sensitivity. Innovations in drilling techniques and regulatory compliance are pivotal for market growth and safety assurance in this dynamic sector.
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According to Cognitive Market Research, the dominant category is onshore due to the growing oil and gas exploration and production (E&P) activities, particularly in the shale reserves. Drilling rigs depend on Kelly drives to operate, which makes it easier to recover oil and gas reserves from subterranean reservoirs. They are essential parts of the exploration and extraction operations because of their strong construction and high torque capabilities, meeting the strict demands of the oil and gas sector. .
The fastest-growing category in the Kelly drive Market is offshore due to technological advancements in drilling and gas explore activities. Its development fuels innovations of technologies that enhance accuracy, safety, and efficiency, meeting the evolving demands of vendors and industrialists alike while contributing significantly to the overall growth and sustainability of the market.
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According to Cognitive Market Research, the dominant category is Kelly bars. Drilling operations are more often managed with bars. Kelly bars are screwed into the stem and fastened to both ends. There is a sizable kelly bars market in the worldwide kelly drive industry since more bars are required to access deep oil reservoirs.
The fastest-growing category in the Kelly drive Market is Kelly bushing due to the burgeoning oil and gas drilling business and the growing adoption of contemporary drilling technologies. Thanks to the expansion of shale gas resources, prominent oil and gas companies now have more chances.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Conclusion
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Disclaimer:
Type | Square Kelly, Hexagonal Kelly |
Application | Offshore, Onshore |
Component | Kelly Bars, Kelly Bushing, Kelly Spinner |
List of Competitors | National Oilwell Varco, Inc., Bentec GmbH Drilling & Oilfield Systems, Honghua Group Limited, Schlumberger Limited, NOV Brandt (National Oilwell Varco, Inc.), KERUI Group, Drillmec Inc., Weatherford International plc, Tesco Corporation (Nabors Industries Ltd.), Shandong Kerui Petroleum Equipment Co., Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Kelly Drives. Further deep in this chapter, you will be able to review Global Kelly Drives Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Kelly Drives. Further deep in this chapter, you will be able to review North America Kelly Drives Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Kelly Drives. Further deep in this chapter, you will be able to review Europe Kelly Drives Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Kelly Drives. Further deep in this chapter, you will be able to review Asia Pacific Kelly Drives Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Kelly Drives. Further deep in this chapter, you will be able to review South America Kelly Drives Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Kelly Drives. Further deep in this chapter, you will be able to review Middle East and Africa Kelly Drives Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Kelly Drives. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Component Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Kelly Drives market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Square Kelly have a significant impact on Kelly Drives market? |
What are the key factors affecting the Square Kelly and Hexagonal Kelly of Kelly Drives Market? |
What is the CAGR/Growth Rate of Offshore during the forecast period? |
By type, which segment accounted for largest share of the global Kelly Drives Market? |
Which region is expected to dominate the global Kelly Drives Market within the forecast period? |
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