Market Overview:
The global circular drill bit market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for circular drill bits in oil & gas, mining and industrial, construction, furniture, and other applications. In terms of type, the high-speed steel (HSS) drill bits segment is expected to lead the global circular drill bit market during the forecast period. This can be attributed to their high durability and resistance against wear and tear as compared with other types of drill bits available in the market.
Product Definition:
A cylindrical cutting tool used to produce circular holes in material, most often metal. The bit is rotated around its axis while it is fed into the material to be cut.
High-Speed Steel (HSS) Drill Bits:
High-speed steel (HSS) drill bits are used in circular drill bit system. The product is manufactured with high speed and strength, which helps to create a large number of small holes in a short time. These products are widely used for drilling purposes in various industries such as automotive, aerospace & defense, electronics and electrical among others.
Black oxide-coated Drill Bits:
The black oxide-coated drill bits are used in the circular drill bit market. The growth of the circular drill bit industry is attributed to rising drilling activities across various industries such as oil & gas, mining, and construction among others. These industries require a large number of holes to be drilled for carrying out operations/activities. Hence, increasing demand from these end-use industries is expected to drive the market over the forecast period.
Application Insights:
The construction segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to increasing urbanization and industrialization, which has resulted in a rise in construction activities across the globe. Rapidly expanding housing and infrastructure sectors are expected to drive demand for tools, such as jigs and fixtures, over the forecast period.
The oil & gas segment is anticipated to witness significant growth over the forecast period owing to rising production levels of crude oil & natural gas from shale reserves around the world. Increasing drilling activities for exploring new reserves are also expected to boost product demand over next seven years or so.
Regional Analysis:
Asia Pacific dominated the global circular drill bit market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of construction and mining companies that are actively looking for cost-effective solutions for their drilling needs. This, in turn, is anticipated to drive product demand over the forecast period.
The growing oil & gas industry in China owing to increasing energy consumption coupled with government initiatives such as “Made In China†initiative by Xi Jinping has led to an increase in drilling activities across various projects including exploration wells, development wells, production facilities and storage facilities among others. These factors are anticipated to drive product demand over the next eight years.
Europe accounted for a significant share of revenue generation owing to high penetration rates of circular drills manufactured by Bosch.
Growth Factors:
- Increasing demand for circular drill bits in the mining and construction industries as a result of the growth in these sectors.
- Rising demand for high-performance circular drill bits from original equipment manufacturers (OEMs) and end users due to the increasing need for precision drilling in various applications.
- Growing popularity of coated and hybrid circular drill bits that offer superior performance as compared to conventional ones, thereby driving their adoption among end users.
- Proliferation of micro-drilling applications requiring smaller diameter circular drill bits, which is expected to fuel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Circular Drill Bit Market Research Report
By Type
High-Speed Steel (HSS) Drill Bits, Black oxide-coated Drill Bits, Titanium-coated Drill Bits, Cobalt Drill Bits, Carbide-tipped Drill Bits, Others
By Application
Oil & Gas, Mining and Industrial, Construction, Furniture, Others
By Companies
UNION TOOL, VESSEL CO, DEWALT, Hilti, Nachi-Fujikoshi, Robert Bosch Tool Corporation, HOUSE B.M, Fischer Group, Diager, LENOX, PROXXON GmbH, Caterpillar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Circular Drill Bit Market Report Segments:
The global Circular Drill Bit market is segmented on the basis of:
Types
High-Speed Steel (HSS) Drill Bits, Black oxide-coated Drill Bits, Titanium-coated Drill Bits, Cobalt Drill Bits, Carbide-tipped Drill Bits, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Mining and Industrial, Construction, Furniture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- UNION TOOL
- VESSEL CO
- DEWALT
- Hilti
- Nachi-Fujikoshi
- Robert Bosch Tool Corporation
- HOUSE B.M
- Fischer Group
- Diager
- LENOX
- PROXXON GmbH
- Caterpillar
Highlights of The Circular Drill Bit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High-Speed Steel (HSS) Drill Bits
- Black oxide-coated Drill Bits
- Titanium-coated Drill Bits
- Cobalt Drill Bits
- Carbide-tipped Drill Bits
- Others
- By Application:
- Oil & Gas
- Mining and Industrial
- Construction
- Furniture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Circular Drill Bit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A circular drill bit is a type of drill bit that has a round, cylindrical shape. This type of bit is often used to create holes in materials such as wood, plastic, and metal.
Some of the major companies in the circular drill bit market are UNION TOOL, VESSEL CO, DEWALT, Hilti, Nachi-Fujikoshi, Robert Bosch Tool Corporation, HOUSE B.M, Fischer Group, Diager, LENOX, PROXXON GmbH, Caterpillar.
The circular drill bit market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Circular Drill Bit Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Circular Drill Bit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Circular Drill Bit Market - Supply Chain
4.5. Global Circular Drill Bit Market Forecast
4.5.1. Circular Drill Bit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Circular Drill Bit Market Size (000 Units) and Y-o-Y Growth
4.5.3. Circular Drill Bit Market Absolute $ Opportunity
5. Global Circular Drill Bit Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Circular Drill Bit Market Size and Volume Forecast by Type
5.3.1. High-Speed Steel (HSS) Drill Bits
5.3.2. Black oxide-coated Drill Bits
5.3.3. Titanium-coated Drill Bits
5.3.4. Cobalt Drill Bits
5.3.5. Carbide-tipped Drill Bits
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Circular Drill Bit Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Circular Drill Bit Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Mining and Industrial
6.3.3. Construction
6.3.4. Furniture
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Circular Drill Bit Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Circular Drill Bit Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Circular Drill Bit Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Circular Drill Bit Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Circular Drill Bit Demand Share Forecast, 2019-2026
9. North America Circular Drill Bit Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Circular Drill Bit Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Circular Drill Bit Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Mining and Industrial
9.4.3. Construction
9.4.4. Furniture
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Circular Drill Bit Market Size and Volume Forecast by Type
9.7.1. High-Speed Steel (HSS) Drill Bits
9.7.2. Black oxide-coated Drill Bits
9.7.3. Titanium-coated Drill Bits
9.7.4. Cobalt Drill Bits
9.7.5. Carbide-tipped Drill Bits
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Circular Drill Bit Demand Share Forecast, 2019-2026
10. Latin America Circular Drill Bit Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Circular Drill Bit Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Circular Drill Bit Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Mining and Industrial
10.4.3. Construction
10.4.4. Furniture
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Circular Drill Bit Market Size and Volume Forecast by Type
10.7.1. High-Speed Steel (HSS) Drill Bits
10.7.2. Black oxide-coated Drill Bits
10.7.3. Titanium-coated Drill Bits
10.7.4. Cobalt Drill Bits
10.7.5. Carbide-tipped Drill Bits
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Circular Drill Bit Demand Share Forecast, 2019-2026
11. Europe Circular Drill Bit Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Circular Drill Bit Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Circular Drill Bit Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Mining and Industrial
11.4.3. Construction
11.4.4. Furniture
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Circular Drill Bit Market Size and Volume Forecast by Type
11.7.1. High-Speed Steel (HSS) Drill Bits
11.7.2. Black oxide-coated Drill Bits
11.7.3. Titanium-coated Drill Bits
11.7.4. Cobalt Drill Bits
11.7.5. Carbide-tipped Drill Bits
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Circular Drill Bit Demand Share, 2019-2026
12. Asia Pacific Circular Drill Bit Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Circular Drill Bit Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Circular Drill Bit Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Mining and Industrial
12.4.3. Construction
12.4.4. Furniture
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Circular Drill Bit Market Size and Volume Forecast by Type
12.7.1. High-Speed Steel (HSS) Drill Bits
12.7.2. Black oxide-coated Drill Bits
12.7.3. Titanium-coated Drill Bits
12.7.4. Cobalt Drill Bits
12.7.5. Carbide-tipped Drill Bits
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Circular Drill Bit Demand Share, 2019-2026
13. Middle East & Africa Circular Drill Bit Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Circular Drill Bit Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Circular Drill Bit Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Mining and Industrial
13.4.3. Construction
13.4.4. Furniture
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Circular Drill Bit Market Size and Volume Forecast by Type
13.7.1. High-Speed Steel (HSS) Drill Bits
13.7.2. Black oxide-coated Drill Bits
13.7.3. Titanium-coated Drill Bits
13.7.4. Cobalt Drill Bits
13.7.5. Carbide-tipped Drill Bits
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Circular Drill Bit Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Circular Drill Bit Market: Market Share Analysis
14.2. Circular Drill Bit Distributors and Customers
14.3. Circular Drill Bit Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. UNION TOOL
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. VESSEL CO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DEWALT
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hilti
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nachi-Fujikoshi
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Robert Bosch Tool Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. HOUSE B.M
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fischer Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Diager
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LENOX
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PROXXON GmbH
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Caterpillar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook