Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Core Drill Bits Market by Type (Twist Drill Bits, Step Drill Bits, Others), By Application (Stone & Construction, Transportation, Machinery, Electronics and Semiconductors, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Core Drill Bits Market by Type (Twist Drill Bits, Step Drill Bits, Others), By Application (Stone & Construction, Transportation, Machinery, Electronics and Semiconductors, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 156444 3300 Machinery & Equipment 377 235 Pages 4.9 (37)

Market Overview:

The global core 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 core drill bits in various applications, such as stone & construction, transportation, machinery, electronics and semiconductors, and others. Additionally, the growing demand for twist drill bits and step drill bits is also contributing to the growth of this market. However, factors such as high cost of these products may restrain the growth of this market during the forecast period.

Global Core Drill Bits Industry Outlook

Product Definition:

A Core Drill Bit is a type of drill bit that is used to drill through materials such as concrete, masonry, and asphalt. Core Drill Bits are often used to create holes for the installation of pipes, electrical wiring, and other utilities.

Twist Drill Bits:

Twist drill bits are specially designed to cut efficiently in hard materials such as ceramics, rocks and concrete. Core drill bits are used for drilling core samples of the earth's crust. These two types of bit are used together in many applications like under-water explorations, exploration & production (E&P), marine drilling, land based drilling and oil well perforation among others.

Step Drill Bits:

A step drill bit is a type of core drilling equipment used to create pilot holes in solid material. The bit is mounted on a vertical spindle and the rotation of the spindle causes the bits to drill or bore into the target material. Step drill bits are available with fixed cutting edges or multiple cutting edges that can be altered using various mechanisms like clutch systems, gear systems, and direct drive systems among others.

Application Insights:

The stone & construction application segment led the global core drill bits market in 2017. This is attributed to increasing demand for construction materials, such as steel and concrete, across the globe. Furthermore, growing urbanization and industrial development are expected to augment product demand over the forecast period.

The transportation application segment is anticipated to witness significant growth over the forecast period owing to rising use of metal cutting equipment in various industries including automotive and aerospace. The equipment requires a large number of drill bits that can withstand high-pressure water jetting without getting damaged or worn out easily. As a result, manufacturers are investing more on research & development activities related to drilling technology for better performance of their products with less maintenance cost and time required for refurbishing or replacing parts as per requirement of customers involved in manufacturing these machines or vehicles respectively globally Core drill bit has numerous applications across several industries worldwide which include machinery tools electronics semiconductors etc.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major economies, such as China, India, Japan and South Korea. Increasing infrastructure activities coupled with rising demand for consumer electronics products has positively influenced product demand in this region.

The European market was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing to increasing focus on core drilling activities across several countries including Russia, Germany, Italy and France among others. In addition, growing oil & gas industry across several countries including Norway (for exploration) UK (for production), Netherlands (for production), Sweden (for exploration) among others are expected drive regional product demand further.

Growth Factors:

  • Increasing demand for core drill bits in the construction and mining industries due to the growing infrastructure development and mineral exploration activities across the globe.
  • Rising adoption of advanced drilling technologies, which is resulting in increased demand for high-performance core drill bits.
  • Growing demand from end-use industries such as automotive, aerospace, and defense due to increasing penetration of these sectors in developing countries.
  • Increasing investments by key players in research & development activities to develop innovative products that meet the specific requirements of various end-use applications segments.
  • Proliferation of online retail platforms that offer a wide range of core drill bits at competitive prices, thereby aiding in market growth

Scope Of The Report

Report Attributes

Report Details

Report Title

Core Drill Bits Market Research Report

By Type

Twist Drill Bits, Step Drill Bits, Others

By Application

Stone & Construction, Transportation, Machinery, Electronics and Semiconductors, Others

By Companies

Husqvarna, Sandvik, Dixie Diamond, UKAM, Suyash Tools, Cuts Diamant, HAYDEN Diamond Bit, Atlas, KOR-IT, Hitachi

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

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

Global Core Drill Bits Market Report Segments:

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


Twist Drill Bits, Step 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.


Stone & Construction, Transportation, Machinery, Electronics and Semiconductors, 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. Husqvarna
  2. Sandvik
  3. Dixie Diamond
  4. UKAM
  5. Suyash Tools
  6. Cuts Diamant
  7. HAYDEN Diamond Bit
  8. Atlas
  9. KOR-IT
  10. Hitachi

Global Core Drill Bits Market Overview

Highlights of The Core 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. Step Drill Bits
    3. Others
  1. By Application:

    1. Stone & Construction
    2. Transportation
    3. Machinery
    4. Electronics and Semiconductors
    5. 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 Core 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 Core 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?

Core drill bits are specially designed to create a clean hole in the center of a piece of wood. They are also known as pilot holes, because they help guide the drilling process.

Some of the major players in the core drill bits market are Husqvarna, Sandvik, Dixie Diamond, UKAM, Suyash Tools, Cuts Diamant, HAYDEN Diamond Bit, Atlas, KOR-IT, Hitachi.

The core 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. Core 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. Core 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. Core Drill Bits Market - Supply Chain
   4.5. Global Core Drill Bits Market Forecast
      4.5.1. Core Drill Bits Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Core Drill Bits Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Core Drill Bits Market Absolute $ Opportunity

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

6. Global Core 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. Core Drill Bits Market Size and Volume Forecast by Application
      6.3.1. Stone & Construction
      6.3.2. Transportation
      6.3.3. Machinery
      6.3.4. Electronics and Semiconductors
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

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

9. North America Core 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 Core 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 Core Drill Bits Market Size and Volume Forecast by Application
      9.4.1. Stone & Construction
      9.4.2. Transportation
      9.4.3. Machinery
      9.4.4. Electronics and Semiconductors
      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 Core Drill Bits Market Size and Volume Forecast by Type
      9.7.1. Twist Drill Bits
      9.7.2. Step Drill Bits
      9.7.3. 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 Core Drill Bits Demand Share Forecast, 2019-2026

10. Latin America Core 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 Core 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 Core Drill Bits Market Size and Volume Forecast by Application
      10.4.1. Stone & Construction
      10.4.2. Transportation
      10.4.3. Machinery
      10.4.4. Electronics and Semiconductors
      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 Core Drill Bits Market Size and Volume Forecast by Type
      10.7.1. Twist Drill Bits
      10.7.2. Step Drill Bits
      10.7.3. 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 Core Drill Bits Demand Share Forecast, 2019-2026

11. Europe Core 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 Core 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 Core Drill Bits Market Size and Volume Forecast by Application
      11.4.1. Stone & Construction
      11.4.2. Transportation
      11.4.3. Machinery
      11.4.4. Electronics and Semiconductors
      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 Core Drill Bits Market Size and Volume Forecast by Type
      11.7.1. Twist Drill Bits
      11.7.2. Step Drill Bits
      11.7.3. Others
   11.8. Basis Point Share (BPS) Aalysis 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 Core Drill Bits Demand Share, 2019-2026

12. Asia Pacific Core 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 Core 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 Core Drill Bits Market Size and Volume Forecast by Application
      12.4.1. Stone & Construction
      12.4.2. Transportation
      12.4.3. Machinery
      12.4.4. Electronics and Semiconductors
      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 Core Drill Bits Market Size and Volume Forecast by Type
      12.7.1. Twist Drill Bits
      12.7.2. Step Drill Bits
      12.7.3. 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 Core Drill Bits Demand Share, 2019-2026

13. Middle East & Africa Core 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 Core 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 Core Drill Bits Market Size and Volume Forecast by Application
      13.4.1. Stone & Construction
      13.4.2. Transportation
      13.4.3. Machinery
      13.4.4. Electronics and Semiconductors
      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 Core Drill Bits Market Size and Volume Forecast by Type
      13.7.1. Twist Drill Bits
      13.7.2. Step Drill Bits
      13.7.3. 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 Core Drill Bits Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Core Drill Bits Market: Market Share Analysis
   14.2. Core Drill Bits Distributors and Customers
   14.3. Core Drill Bits Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Husqvarna Overview Financials Developments Strategic Outlook
      14.4.2. Sandvik Overview Financials Developments Strategic Outlook
      14.4.3. Dixie Diamond Overview Financials Developments Strategic Outlook
      14.4.4. UKAM Overview Financials Developments Strategic Outlook
      14.4.5. Suyash Tools Overview Financials Developments Strategic Outlook
      14.4.6. Cuts Diamant Overview Financials Developments Strategic Outlook
      14.4.7. HAYDEN Diamond Bit Overview Financials Developments Strategic Outlook
      14.4.8. Atlas Overview Financials Developments Strategic Outlook
      14.4.9. KOR-IT Overview Financials Developments Strategic Outlook
      14.4.10. Hitachi Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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