Market Overview:
The global coated 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 coated drill bits in oil & gas, mechanical, marine, construction and other applications. TiN coated drill bits are expected to hold a major share of the global coated drill bit market during the forecast period owing to their superior properties such as high hardness, wear resistance and corrosion resistance. Diamond-coated drill bits are also expected to witness high growth during the forecast period due to their ability to cut through hard materials with ease.
Product Definition:
A coated drill bit is a drill bit that has been spray-coated with a hard, wear-resistant material. The coating helps to extend the life of the drill bit and protect it from wear and tear. Coated drill bits are important for drilling through tough materials, such as metal or concrete.
TiN Coated Drill Bits:
TiN coated drill bits are used in the rapid drilling of tough materials such as ceramics, rocks and concrete. The coating on the bit is made from titanium nitride which is a very hard and durable material. It has high resistance to wear and tear along with excellent lubricity properties.
The global TiN coated drill bits market size was valued at USD 3,37 million in 2016.
TiAlN Coated Drill Bits:
TiAlN coated drill bits are used in rotary drilling applications to reduce the formation damage. Coated drill bits are manufactured with a metal coating on the bit body which reduces friction and increases life of the bit. The coating is made from titanium alnico and nickel as per requirements of various application industries such as oil & gas, construction, mining, etc.
The global TiAlN coated drill bits market size was valued at USD 35 million in 2016.
Application Insights:
The mechanical application segment led the global coated drill bits market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for coated drillbits from the construction, automotive, mining and chemical industries.
Coated drills are used in various applications including oil & gas, mechanical engineering, marine environment and civil engineering among others owing to their properties such as high speed rotation with low heat generation which makes them ideal for use in long-hole drilling operations without having to change tools frequently. These attributes have made them popular across multiple end-use industries thereby propelling product demand globally.
The oil & gas industry has been one of the major consumers of these products due to its growing need for onshore & offshore drilling activities coupled with an increase in exploration activities across various regions globally including Middle East Africa Russia China South America Argentina Brazil etc.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region owing to the increasing number of construction projects in countries such as China and India. The growing oil & gas industry in Asia Pacific coupled with rising government spending on infrastructural development is expected to drive the demand for mechanical drilling applications over the forecast period.
The North America market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030, owing to an increase in infrastructure investment along with a rise in mechanical drilling applications across several industries including energy, automotive, marine, etc.
In Europe there has been significant adoption of coated drill bits due their enhanced performance compared with non-coated variants particularly when it comes into machining hard materials such as steel.
Growth Factors:
- Increasing demand for oil and gas drilling activities
- Rising investments in the exploration and production of oil and gas reserves
- Growing number of drilling rigs across the globe
- Proliferation of new technologies for Coated Drill Bits market that improve performance and extend life cycle
- Increasing adoption of coated drill bits in unconventional shale plays
Scope Of The Report
Report Attributes
Report Details
Report Title
Coated Drill Bits Market Research Report
By Type
TiN Coated Drill Bits, TiAlN Coated Drill Bits, Diamond Coated Drill Bits, Titanium Coated Drill Bits
By Application
Oil & Gas, Mechanical, Marine, Construction, Others
By Companies
Bosch, Irwin, Milwaukee, Phantom Drills, Cousins UK, Brownells, Chicago-Latrobe, Komet, KEO, Jobber Length, Neiko, Walter Titex
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
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Coated Drill Bits Market Report Segments:
The global Coated Drill Bits market is segmented on the basis of:
Types
TiN Coated Drill Bits, TiAlN Coated Drill Bits, Diamond Coated Drill Bits, Titanium Coated 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
Oil & Gas, Mechanical, Marine, Construction, 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:
- Bosch
- Irwin
- Milwaukee
- Phantom Drills
- Cousins UK
- Brownells
- Chicago-Latrobe
- Komet
- KEO
- Jobber Length
- Neiko
- Walter Titex
Highlights of The Coated Drill Bits 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:
- TiN Coated Drill Bits
- TiAlN Coated Drill Bits
- Diamond Coated Drill Bits
- Titanium Coated Drill Bits
- By Application:
- Oil & Gas
- Mechanical
- Marine
- Construction
- 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 Coated 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Coated drill bits are bits that have a coating of metal on the outside of the bit. This coating makes it harder for dirt and debris to stick to the bit, which can reduce wear and tear on your drill's motor.
Some of the major players in the coated drill bits market are Bosch, Irwin, Milwaukee, Phantom Drills, Cousins UK, Brownells, Chicago-Latrobe, Komet, KEO, Jobber Length, Neiko, Walter Titex.
The coated drill bits market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Coated Drill Bits Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Coated Drill Bits Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Coated Drill Bits Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Coated Drill Bits Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Coated Drill Bits Market Size & Forecast, 2018-2028
4.5.1 Coated Drill Bits Market Size and Y-o-Y Growth
4.5.2 Coated Drill Bits Market Absolute $ Opportunity
Chapter 5 Global Coated Drill Bits Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Coated Drill Bits Market Size Forecast by Type
5.2.1 TiN Coated Drill Bits
5.2.2 TiAlN Coated Drill Bits
5.2.3 Diamond Coated Drill Bits
5.2.4 Titanium Coated Drill Bits
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Coated Drill Bits Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Coated Drill Bits Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Mechanical
6.2.3 Marine
6.2.4 Construction
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Coated Drill Bits Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Coated Drill Bits Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Coated Drill Bits Analysis and Forecast
9.1 Introduction
9.2 North America Coated Drill Bits Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Coated Drill Bits Market Size Forecast by Type
9.6.1 TiN Coated Drill Bits
9.6.2 TiAlN Coated Drill Bits
9.6.3 Diamond Coated Drill Bits
9.6.4 Titanium Coated Drill Bits
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Coated Drill Bits Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Mechanical
9.10.3 Marine
9.10.4 Construction
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Coated Drill Bits Analysis and Forecast
10.1 Introduction
10.2 Europe Coated Drill Bits Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Coated Drill Bits Market Size Forecast by Type
10.6.1 TiN Coated Drill Bits
10.6.2 TiAlN Coated Drill Bits
10.6.3 Diamond Coated Drill Bits
10.6.4 Titanium Coated Drill Bits
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Coated Drill Bits Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Mechanical
10.10.3 Marine
10.10.4 Construction
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Coated Drill Bits Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Coated Drill Bits Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Coated Drill Bits Market Size Forecast by Type
11.6.1 TiN Coated Drill Bits
11.6.2 TiAlN Coated Drill Bits
11.6.3 Diamond Coated Drill Bits
11.6.4 Titanium Coated Drill Bits
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Coated Drill Bits Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Mechanical
11.10.3 Marine
11.10.4 Construction
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Coated Drill Bits Analysis and Forecast
12.1 Introduction
12.2 Latin America Coated Drill Bits Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Coated Drill Bits Market Size Forecast by Type
12.6.1 TiN Coated Drill Bits
12.6.2 TiAlN Coated Drill Bits
12.6.3 Diamond Coated Drill Bits
12.6.4 Titanium Coated Drill Bits
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Coated Drill Bits Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Mechanical
12.10.3 Marine
12.10.4 Construction
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Coated Drill Bits Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Coated Drill Bits Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Coated Drill Bits Market Size Forecast by Type
13.6.1 TiN Coated Drill Bits
13.6.2 TiAlN Coated Drill Bits
13.6.3 Diamond Coated Drill Bits
13.6.4 Titanium Coated Drill Bits
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Coated Drill Bits Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Mechanical
13.10.3 Marine
13.10.4 Construction
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Coated Drill Bits Market: Competitive Dashboard
14.2 Global Coated Drill Bits Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Irwin
14.3.3 Milwaukee
14.3.4 Phantom Drills
14.3.5 Cousins UK
14.3.6 Brownells
14.3.7 Chicago-Latrobe
14.3.8 Komet
14.3.9 KEO
14.3.10 Jobber Length
14.3.11 Neiko
14.3.12 Walter Titex
