Market Overview:
The global diamond core 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 diamond core bits in various applications such as geological exploration, oilfield exploration, and others. Additionally, the growing drilling and exploration activities in developing countries are also propelling the growth of this market. However, factors such as high cost of diamond core bits and their replacement after a certain period are restraining its growth to some extent.
Product Definition:
A diamond core bit is a drill bit that uses diamonds to cut through metal or other hard material. Diamond core bits are used in drilling applications where a high degree of accuracy and finish is required.
PDC Drill Bit:
PDC drill bit is a diamond core bit used in rotary drilling machines. The PDC bits are capable of drilling through tough rocks with high speed and efficiency. These bits are available in different sizes, shapes and can be modified as per the requirements while drilling. The shape of these cores varies from round to hexagonal or octagonal, which provides more flexibility while using it for different applications.
TSP Drill Bit:
TSD is short for Tungsten Steel Drill Bit. It is a type of high-speed steel drill bit used in rotary drilling applications. The material composition of TSDB depends on the application it serves such as oil & gas, mining, and construction among others. For instance, in the oil & gas industry; they are used to make core samples during exploration or drilling purposes which involves reverse circulation drilling method to extract hydrocarbons from the ground.
Application Insights:
The global demand for the product has witnessed a paradigm shift due to its application in various drilling activities across the world. The oil and gas industry is one of the largest consumers of this product, which comprises of onshore and offshore operations. Onshore operations mainly comprise exploration activities in tight rocks, hard rocks, carbonate rocks and granites while offshore operations comprise deep-water drilling as well as installation/removal services.
Geological exploration was estimated to be the largest segment with a share of over 40% in 2017 owing to its wide applications including coal bed methane extraction along with other conventional onshore oil & gas extraction methods such as open hole logging techniques or coring techniques. It also finds use in metal detection during coal bed methane extraction which helps extract higher quality resources leading to increased profitability for companies undertaking these projects worldwide.
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 unexplored reserves which are attracting mining companies from across the world for exploration activities. In addition, rising demand for consumer goods along with growing industrialization is anticipated to boost oilfield drilling activities in this region, thus positively impacting industry growth.
North America accounted for a significant share of revenue in 2017 owing to high demand from oil & gas sector as well as geological exploration activities taking place across U.S., Canada and Mexico countries. Moreover, increasing government spending on infrastructure development projects such as roads, airports etc., will drive the construction industry which will subsequently propel product usage rates over next eight years.
Growth Factors:
- Increasing demand for diamond core bits in the construction and mining industries as a result of the growing population and rapid industrialization.
- Rising investments in infrastructure development projects across the globe, which is expected to drive the demand for diamond core bits over the forecast period.
- Growing awareness about benefits of using diamond core bits over traditional drilling methods among construction and mining companies is projected to boost market growth during the forecast period.
- Technological advancements in diamond core bit manufacturing processes that are resulting in improved performance, longer life, and higher efficiency are anticipated to propel market growth over next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Diamond Core Bit Market Research Report
By Type
PDC Drill Bit, TSP Drill Bit, Impregnated Drill, Core Bit, Others
By Application
Geological Exploration, Oilfield Exploration, Others
By Companies
HILTI, Advanced Technology And Matetials, CABRITOOL, GE Compressors, Boart Longyear, Duss, APAGEO, ASAHI Diamond, KLINGSPOR, USH, DIAGER
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
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Diamond Core Bit Market Report Segments:
The global Diamond Core Bit market is segmented on the basis of:
Types
PDC Drill Bit, TSP Drill Bit, Impregnated Drill, Core Bit, 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
Geological Exploration, Oilfield Exploration, 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:
- HILTI
- Advanced Technology And Matetials
- CABRITOOL
- GE Compressors
- Boart Longyear
- Duss
- APAGEO
- ASAHI Diamond
- KLINGSPOR
- USH
- DIAGER
Highlights of The Diamond Core 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:
- PDC Drill Bit
- TSP Drill Bit
- Impregnated Drill
- Core Bit
- Others
- By Application:
- Geological Exploration
- Oilfield Exploration
- 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 Diamond Core 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Diamond Core Bit is a new type of mining hardware that uses diamond as its main component. This hardware is designed to improve the efficiency of mining operations by using diamond as a more efficient and powerful tool than traditional mining equipment.
Some of the major companies in the diamond core bit market are HILTI, Advanced Technology And Matetials, CABRITOOL, GE Compressors, Boart Longyear, Duss, APAGEO, ASAHI Diamond, KLINGSPOR, USH, DIAGER.
The diamond core bit market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Diamond Core Bit 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 Diamond Core Bit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Diamond Core Bit 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 Diamond Core Bit 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 Diamond Core Bit Market Size & Forecast, 2020-2028
4.5.1 Diamond Core Bit Market Size and Y-o-Y Growth
4.5.2 Diamond Core Bit Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 PDC Drill Bit
5.2.2 TSP Drill Bit
5.2.3 Impregnated Drill
5.2.4 Core Bit
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Geological Exploration
6.2.2 Oilfield Exploration
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Diamond Core Bit 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 Diamond Core Bit 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 PDC Drill Bit
9.6.2 TSP Drill Bit
9.6.3 Impregnated Drill
9.6.4 Core Bit
9.6.5 Others
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 Market Size Forecast by Applications
9.10.1 Geological Exploration
9.10.2 Oilfield Exploration
9.10.3 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 PDC Drill Bit
10.6.2 TSP Drill Bit
10.6.3 Impregnated Drill
10.6.4 Core Bit
10.6.5 Others
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 Market Size Forecast by Applications
10.10.1 Geological Exploration
10.10.2 Oilfield Exploration
10.10.3 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 PDC Drill Bit
11.6.2 TSP Drill Bit
11.6.3 Impregnated Drill
11.6.4 Core Bit
11.6.5 Others
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 Market Size Forecast by Applications
11.10.1 Geological Exploration
11.10.2 Oilfield Exploration
11.10.3 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 PDC Drill Bit
12.6.2 TSP Drill Bit
12.6.3 Impregnated Drill
12.6.4 Core Bit
12.6.5 Others
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 Market Size Forecast by Applications
12.10.1 Geological Exploration
12.10.2 Oilfield Exploration
12.10.3 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 PDC Drill Bit
13.6.2 TSP Drill Bit
13.6.3 Impregnated Drill
13.6.4 Core Bit
13.6.5 Others
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) Market Size Forecast by Applications
13.10.1 Geological Exploration
13.10.2 Oilfield Exploration
13.10.3 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 Diamond Core Bit Market: Competitive Dashboard
14.2 Global Diamond Core Bit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HILTI
14.3.2 Advanced Technology And Matetials
14.3.3 CABRITOOL
14.3.4 GE Compressors
14.3.5 Boart Longyear
14.3.6 Duss
14.3.7 APAGEO
14.3.8 ASAHI Diamond
14.3.9 KLINGSPOR
14.3.10 USH
14.3.11 DIAGER
