Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Cobalt Drill Bits Market by Type (Twist Drill Bits, Countersink Drill Bits, Counterbore Drill Bits, Cobalt Step Drill Bits), By Application (Supermarket, Specialty Store, Online Shop, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Cobalt Drill Bits Market by Type (Twist Drill Bits, Countersink Drill Bits, Counterbore Drill Bits, Cobalt Step Drill Bits), By Application (Supermarket, Specialty Store, Online Shop, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 156956 3300 Machinery & Equipment 377 243 Pages 4.7 (45)
                                          

Market Overview:


The global cobalt drill bits market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cobalt drill bits from various applications, such as supermarkets, specialty stores, online shops, and others. Additionally, the growing demand for cobalt drill bits in regions such as North America, Latin America, Europe Asia Pacific and Middle East & Africa is also contributing to the growth of this market.


Global Cobalt Drill Bits Industry Outlook


Product Definition:


Cobalt drill bits are high-speed steel drill bits that have been coated with cobalt to increase their hardness and resistance to wear. Cobalt drill bits are often used in applications where a high degree of accuracy and durability is required, such as drilling through hard materials like stainless steel or titanium.


Twist Drill Bits:


Twist drill bits are used in cobalt drill bits market for drilling purposes. They are designed with a spiral or helical shape that allows them to cut better and efficiently than round bit counterparts. The design of the bit is crucial as it determines the type of hole that is drilled, i.e., whether the hole will be circular or straight-sided, among others.


Countersink Drill Bits:


Countersink drill bits are used in cobalt drill bits to reduce the torque applied to the bit by a significant margin. The primary function of countersink drill bit is to allow drilling at an angle without causing any stress on the material being drilled. In other words, it reduces or eliminates “backlash” which is caused due to excessive turning force on the spindle during drilling operations.


Application Insights:


The others application segment includes hardware stores, home centers and supermarkets. The use of cobalt drill bits in the supermarket or specialty store application is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to the growing demand for these products by DIY enthusiasts and electricians as well as construction workers.


The product demand in electrical applications is anticipated to witness significant growth over the forecast period due to its properties such as high hardness, high corrosion resistance, low magnetic susceptibility and excellent drilling performance under various conditions without getting heated up or smoking out while cutting metal materials including steel, aluminum alloys & stainless steel. These factors are expected to increase product penetration in electrical applications which will drive overall market growth over the forecast period.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of cobalt drill bit manufacturers, which have been providing high-quality products at low prices. This has resulted in increased demand for the product from countries such as China, India, Japan, and South Korea.


China is one of the largest consumers of cobalt due to its growing economy and increasing population coupled with rising disposable income. Rapid urbanization along with industrial growth in these countries will also drive regional growth over the next eight years. North America accounted for a significant share owing to strong demand from U.S., where there are more than 1 million shops that sells home improvement products such as taps & faucets, lightings & switches etc.


Growth Factors:


  • Increasing demand for cobalt drill bits in the automotive and aerospace industries due to their superior performance over other materials.
  • Growing popularity of cobalt drill bits among DIY enthusiasts and home improvement enthusiasts due to their high durability and longer life span as compared to other materials.
  • Rising demand for cobalt drill bits from small-scale businesses that require precision drilling for various applications such as jewelry making, metalworking, etc.
  • Increasing use of cobalt drill bits in medical devices and implants due to their biocompatibility properties.

Scope Of The Report

Report Attributes

Report Details

Report Title

Cobalt Drill Bits Market Research Report

By Type

Twist Drill Bits, Countersink Drill Bits, Counterbore Drill Bits, Cobalt Step Drill Bits

By Application

Supermarket, Specialty Store, Online Shop, Others

By Companies

Drill America, DEWALT, Craftsman, Bosch, KENNEDY, Migiwata, Efficere, Chicago Latrobe, Neiko

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

243

Number of Tables & Figures

171

Customization Available

Yes, the report can be customized as per your need.


Global Cobalt Drill Bits Market Report Segments:

The global Cobalt Drill Bits market is segmented on the basis of:

Types

Twist Drill Bits, Countersink Drill Bits, Counterbore Drill Bits, Cobalt Step Drill Bits

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

Supermarket, Specialty Store, Online Shop, 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:

  1. Drill America
  2. DEWALT
  3. Craftsman
  4. Bosch
  5. KENNEDY
  6. Migiwata
  7. Efficere
  8. Chicago Latrobe
  9. Neiko

Global Cobalt Drill Bits Market Overview


Highlights of The Cobalt Drill Bits Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Twist Drill Bits
    2. Countersink Drill Bits
    3. Counterbore Drill Bits
    4. Cobalt Step Drill Bits
  1. By Application:

    1. Supermarket
    2. Specialty Store
    3. Online Shop
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cobalt Drill Bits 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Cobalt Drill Bits Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Cobalt drill bits are used in drilling and milling applications. They are made of cobalt-nickel alloys and have a harder, more durable surface than other types of drill bits. Cobalt drill bits resist corrosion and wear better than other materials, which makes them ideal for use in harsh environments.

Some of the major companies in the cobalt drill bits market are Drill America, DEWALT, Craftsman, Bosch, KENNEDY, Migiwata, Efficere, Chicago Latrobe, Neiko.

The cobalt drill bits market is expected to grow at a compound annual growth rate of 5.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Cobalt Drill Bits 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. Cobalt Drill Bits Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Cobalt Drill Bits Market - Supply Chain
   4.5. Global Cobalt Drill Bits Market Forecast
      4.5.1. Cobalt Drill Bits Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Cobalt Drill Bits Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Cobalt Drill Bits Market Absolute $ Opportunity

5. Global Cobalt Drill Bits 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. Cobalt Drill Bits Market Size and Volume Forecast by Type
      5.3.1. Twist Drill Bits
      5.3.2. Countersink Drill Bits
      5.3.3. Counterbore Drill Bits
      5.3.4. Cobalt Step Drill Bits
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Cobalt Drill Bits 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. Cobalt Drill Bits Market Size and Volume Forecast by Application
      6.3.1. Supermarket
      6.3.2. Specialty Store
      6.3.3. Online Shop
      6.3.4. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Cobalt Drill Bits 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. Cobalt Drill Bits 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 Cobalt Drill Bits 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. Cobalt Drill Bits 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 Cobalt Drill Bits Demand Share Forecast, 2019-2026

9. North America Cobalt Drill Bits 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 Cobalt Drill Bits 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 Cobalt Drill Bits Market Size and Volume Forecast by Application
      9.4.1. Supermarket
      9.4.2. Specialty Store
      9.4.3. Online Shop
      9.4.4. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Cobalt Drill Bits Market Size and Volume Forecast by Type
      9.7.1. Twist Drill Bits
      9.7.2. Countersink Drill Bits
      9.7.3. Counterbore Drill Bits
      9.7.4. Cobalt Step Drill Bits
   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 Cobalt Drill Bits Demand Share Forecast, 2019-2026

10. Latin America Cobalt Drill Bits 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 Cobalt Drill Bits 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 Cobalt Drill Bits Market Size and Volume Forecast by Application
      10.4.1. Supermarket
      10.4.2. Specialty Store
      10.4.3. Online Shop
      10.4.4. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Cobalt Drill Bits Market Size and Volume Forecast by Type
      10.7.1. Twist Drill Bits
      10.7.2. Countersink Drill Bits
      10.7.3. Counterbore Drill Bits
      10.7.4. Cobalt Step Drill Bits
   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 Cobalt Drill Bits Demand Share Forecast, 2019-2026

11. Europe Cobalt Drill Bits 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 Cobalt Drill Bits 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 Cobalt Drill Bits Market Size and Volume Forecast by Application
      11.4.1. Supermarket
      11.4.2. Specialty Store
      11.4.3. Online Shop
      11.4.4. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Cobalt Drill Bits Market Size and Volume Forecast by Type
      11.7.1. Twist Drill Bits
      11.7.2. Countersink Drill Bits
      11.7.3. Counterbore Drill Bits
      11.7.4. Cobalt Step Drill Bits
   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 Cobalt Drill Bits Demand Share, 2019-2026

12. Asia Pacific Cobalt Drill Bits 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 Cobalt Drill Bits 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 Cobalt Drill Bits Market Size and Volume Forecast by Application
      12.4.1. Supermarket
      12.4.2. Specialty Store
      12.4.3. Online Shop
      12.4.4. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Cobalt Drill Bits Market Size and Volume Forecast by Type
      12.7.1. Twist Drill Bits
      12.7.2. Countersink Drill Bits
      12.7.3. Counterbore Drill Bits
      12.7.4. Cobalt Step Drill Bits
   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 Cobalt Drill Bits Demand Share, 2019-2026

13. Middle East & Africa Cobalt Drill Bits 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 Cobalt Drill Bits 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 Cobalt Drill Bits Market Size and Volume Forecast by Application
      13.4.1. Supermarket
      13.4.2. Specialty Store
      13.4.3. Online Shop
      13.4.4. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Cobalt Drill Bits Market Size and Volume Forecast by Type
      13.7.1. Twist Drill Bits
      13.7.2. Countersink Drill Bits
      13.7.3. Counterbore Drill Bits
      13.7.4. Cobalt Step Drill Bits
   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 Cobalt Drill Bits Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Cobalt Drill Bits Market: Market Share Analysis
   14.2. Cobalt Drill Bits Distributors and Customers
   14.3. Cobalt Drill Bits Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Drill America
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. DEWALT
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Craftsman
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Bosch
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. KENNEDY
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Migiwata
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Efficere
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Chicago Latrobe
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Neiko
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. COMPANY 10
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. COMPANY 11
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. COMPANY 12
         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

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