Global Drilling Bits in Oil and Gas Market by Type (Fixed cutter, Roller cone), By Application (Onshore, Offshore) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2021 To 2030. The global drilling bits market is projected to grow at a CAGR of 3.5% during the forecast period from 2021 to 2030. The growth of this market can be attributed to the increasing demand for oil and gas exploration activities across the globe. The drilling bits are used in various applications such as onshore and offshore drilling operations for oil exploration activities. The onshore drilling application segment is expected to dominate the global market during the forecast period due to its high demand in regions such as North America and Europe owing to their large number of onshore oil reserves. However, offshore drilling application segment is expected to grow at a higher CAGR than onshore due to its high demand in regions such as Asia Pacific owing to their large number of offshore reserves which are not explored yet.
- The increasing number of shale plays in North America is also expected to fuel the demand for drilling bits in oil and gas market over the forecast period.
- Increasing investments by major players such as Schlumberger Limited, Halliburton Company, Baker Hughes Incorporated are also expected to fuel the demand for drilling bits in oil and gas market over the forecast period due to their focus on developing new technologies that can be used during exploration activities such as directional drilling or horizontal wellbores which require more sophisticated equipment than conventional vertical wells.
Industry Growth Insights published a new data on “Drilling Bits in Oil and Gas Market”. The research report is titled “Drilling Bits in Oil and Gas Market research by Types (Fixed cutter, Roller cone), By Applications (Onshore, Offshore), By Players/Companies Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Varel International, Atlas Copco AB, Bellwether Resources International, Bit Brokers International, Century Products, DRILLBITS International (DBI), Drilformance, Drill King International, Drilling Products (DPI), Harvest Tool Company, Hole Products, Kay Rock Bit Company, Master Oil Tool, Nile Petroleum Industrial Company (NPICO), OTS International, PDB Tools”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Drilling Bits in Oil and Gas Market Research Report
By Type
Fixed cutter, Roller cone
By Application
Onshore, Offshore
By Companies
Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Varel International, Atlas Copco AB, Bellwether Resources International, Bit Brokers International, Century Products, DRILLBITS International (DBI), Drilformance, Drill King International, Drilling Products (DPI), Harvest Tool Company, Hole Products, Kay Rock Bit Company, Master Oil Tool, Nile Petroleum Industrial Company (NPICO), OTS International, PDB Tools
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Drilling Bits in Oil and Gas Market Report Segments:
The global Drilling Bits in Oil and Gas market is segmented on the basis of:
Types
Fixed cutter, Roller cone
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
Onshore, Offshore
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:
- Baker Hughes
- Halliburton
- National Oilwell Varco
- Schlumberger
- Varel International
- Atlas Copco AB
- Bellwether Resources International
- Bit Brokers International
- Century Products
- DRILLBITS International (DBI)
- Drilformance
- Drill King International
- Drilling Products (DPI)
- Harvest Tool Company
- Hole Products
- Kay Rock Bit Company
- Master Oil Tool
- Nile Petroleum Industrial Company (NPICO)
- OTS International
- PDB Tools
Highlights of The Drilling Bits in Oil and Gas 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:
- Fixed cutter
- Roller cone
- By Application:
- Onshore
- Offshore
- 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 Drilling Bits in Oil and Gas 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?
Drilling bits are small, sharp tools used in the oil and gas industry to create holes in the ground. They are inserted into the ground using a drilling rig, and then rotated to create a hole.
Some of the key players operating in the drilling bits in oil and gas market are Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Varel International, Atlas Copco AB, Bellwether Resources International, Bit Brokers International, Century Products, DRILLBITS International (DBI), Drilformance, Drill King International, Drilling Products (DPI), Harvest Tool Company, Hole Products, Kay Rock Bit Company, Master Oil Tool, Nile Petroleum Industrial Company (NPICO), OTS International, PDB Tools.
The drilling bits in oil and gas market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Drilling Bits in Oil and Gas 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. Drilling Bits in Oil and Gas Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Drilling Bits in Oil and Gas Market - Supply Chain
4.5. Global Drilling Bits in Oil and Gas Market Forecast
4.5.1. Drilling Bits in Oil and Gas Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Drilling Bits in Oil and Gas Market Size (000 Units) and Y-o-Y Growth
4.5.3. Drilling Bits in Oil and Gas Market Absolute $ Opportunity
5. Global Drilling Bits in Oil and Gas 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. Drilling Bits in Oil and Gas Market Size and Volume Forecast by Type
5.3.1. Fixed cutter
5.3.2. Roller cone
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Drilling Bits in Oil and Gas 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. Drilling Bits in Oil and Gas Market Size and Volume Forecast by Application
6.3.1. Onshore
6.3.2. Offshore
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Drilling Bits in Oil and Gas 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. Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas 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. Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas Demand Share Forecast, 2019-2026
9. North America Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas Market Size and Volume Forecast by Application
9.4.1. Onshore
9.4.2. Offshore
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Drilling Bits in Oil and Gas Market Size and Volume Forecast by Type
9.7.1. Fixed cutter
9.7.2. Roller cone
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 Drilling Bits in Oil and Gas Demand Share Forecast, 2019-2026
10. Latin America Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas Market Size and Volume Forecast by Application
10.4.1. Onshore
10.4.2. Offshore
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Drilling Bits in Oil and Gas Market Size and Volume Forecast by Type
10.7.1. Fixed cutter
10.7.2. Roller cone
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 Drilling Bits in Oil and Gas Demand Share Forecast, 2019-2026
11. Europe Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas Market Size and Volume Forecast by Application
11.4.1. Onshore
11.4.2. Offshore
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Drilling Bits in Oil and Gas Market Size and Volume Forecast by Type
11.7.1. Fixed cutter
11.7.2. Roller cone
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 Drilling Bits in Oil and Gas Demand Share, 2019-2026
12. Asia Pacific Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas Market Size and Volume Forecast by Application
12.4.1. Onshore
12.4.2. Offshore
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Drilling Bits in Oil and Gas Market Size and Volume Forecast by Type
12.7.1. Fixed cutter
12.7.2. Roller cone
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 Drilling Bits in Oil and Gas Demand Share, 2019-2026
13. Middle East & Africa Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas 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 Drilling Bits in Oil and Gas Market Size and Volume Forecast by Application
13.4.1. Onshore
13.4.2. Offshore
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Drilling Bits in Oil and Gas Market Size and Volume Forecast by Type
13.7.1. Fixed cutter
13.7.2. Roller cone
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 Drilling Bits in Oil and Gas Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Drilling Bits in Oil and Gas Market: Market Share Analysis
14.2. Drilling Bits in Oil and Gas Distributors and Customers
14.3. Drilling Bits in Oil and Gas Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baker Hughes
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Halliburton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. National Oilwell Varco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schlumberger
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Varel International
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Atlas Copco AB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bellwether Resources International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bit Brokers International
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Century Products
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. DRILLBITS International (DBI)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Drilformance
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Drill King International
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Drilling Products (DPI)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Harvest Tool Company
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Hole Products
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kay Rock Bit Company
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Master Oil Tool
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Nile Petroleum Industrial Company (NPICO)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. OTS International
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. PDB Tools
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook