The global roller cone downhole drill bit market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for drilling in oil and gas fields, which is driving the demand for these products. The natural diamond bit segment accounted for over 50% of the total revenue share in 2017 and is expected to maintain its dominance throughout the forecast period owing to its high performance and durability features. The natural diamond bit segment was valued at USD 0.6 billion in 2017 and is projected to reach USD 0.8 billion by 2030, growing at a CAGR of 2%. Oil field application accounted for over 50% of the total revenue share in 2017 due to its high demand from oil exploration companies across various regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa (MEA). Oil field application was valued at USD 0.4 billion in 2017 and is projected to reach USD 0.6 billion by 2030 with a CAGR of 4%. A roller cone drill bit is a type of drill bit that has a cone-shaped cutting surface. The cutting surface is made up of many small, sharp teeth that are arranged in rows. The teeth are designed to cut through the rock by shearing it off in layers.
- The increasing demand for oil and gas exploration is expected to drive the growth of the Roller Cone Downhole Drill Bit market.
- The increasing number of drilling rigs in the global market is expected to drive the growth of the Roller Cone Downhole Drill Bit market.
- The growing need for more efficient drilling methods is expected to drive the growth of the Roller Cone Downhole Drill Bit market.
- The growing demand for high-quality drill bits in emerging economies such as China, India, and Brazil is expected to drive the growth of this market over time 5) Increasing investments by major players in research and development activities are also driving this market's growth.
Industry Growth Insights published a new data on “Roller Cone Downhole Drill Bit Market”. The research report is titled “Roller Cone Downhole Drill Bit Market research by Types (Natural Diamond Bit, Other), By Applications (Oil Field, Gas Field), By Players/Companies Baker Hughes, Schlumberger, Halliburton, National Oilwell Varco, Varel International, Kingdream, Baoshi Machinery, Jiangxi Feilong”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Roller Cone Downhole Drill Bit Market Research Report
By Type
Natural Diamond Bit, Other
By Application
Oil Field, Gas Field
By Companies
Baker Hughes, Schlumberger, Halliburton, National Oilwell Varco, Varel International, Kingdream, Baoshi Machinery, Jiangxi Feilong
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 Roller Cone Downhole Drill Bit Market Report Segments:
The global Roller Cone Downhole Drill Bit market is segmented on the basis of:
Types
Natural Diamond Bit, Other
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 Field, Gas Field
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
- Schlumberger
- Halliburton
- National Oilwell Varco
- Varel International
- Kingdream
- Baoshi Machinery
- Jiangxi Feilong
Highlights of The Roller Cone Downhole Drill 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:
- Natural Diamond Bit
- Other
- By Application:
- Oil Field
- Gas Field
- 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 Roller Cone Downhole Drill 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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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?
A roller cone bit is a type of drill bit that has a cone-shaped head. This type of bit is designed to reduce the amount of wear and tear on the drill string while drilling through hard materials.
Some of the major companies in the roller cone downhole drill bit market are Baker Hughes, Schlumberger, Halliburton, National Oilwell Varco, Varel International, Kingdream, Baoshi Machinery, Jiangxi Feilong.
The roller cone downhole drill bit market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Roller Cone Downhole Drill Bit 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. Roller Cone Downhole Drill Bit Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Roller Cone Downhole Drill Bit Market - Supply Chain
4.5. Global Roller Cone Downhole Drill Bit Market Forecast
4.5.1. Roller Cone Downhole Drill Bit Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Roller Cone Downhole Drill Bit Market Size (000 Units) and Y-o-Y Growth
4.5.3. Roller Cone Downhole Drill Bit Market Absolute $ Opportunity
5. Global Roller Cone Downhole Drill Bit 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. Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Type
5.3.1. Natural Diamond Bit
5.3.2. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Roller Cone Downhole Drill Bit 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. Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Application
6.3.1. Oil Field
6.3.2. Gas Field
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Roller Cone Downhole Drill Bit 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. Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit 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. Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit Demand Share Forecast, 2019-2026
9. North America Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Application
9.4.1. Oil Field
9.4.2. Gas Field
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Type
9.7.1. Natural Diamond Bit
9.7.2. Other
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 Roller Cone Downhole Drill Bit Demand Share Forecast, 2019-2026
10. Latin America Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Application
10.4.1. Oil Field
10.4.2. Gas Field
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Type
10.7.1. Natural Diamond Bit
10.7.2. Other
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 Roller Cone Downhole Drill Bit Demand Share Forecast, 2019-2026
11. Europe Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Application
11.4.1. Oil Field
11.4.2. Gas Field
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Type
11.7.1. Natural Diamond Bit
11.7.2. Other
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 Roller Cone Downhole Drill Bit Demand Share, 2019-2026
12. Asia Pacific Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Application
12.4.1. Oil Field
12.4.2. Gas Field
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Type
12.7.1. Natural Diamond Bit
12.7.2. Other
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 Roller Cone Downhole Drill Bit Demand Share, 2019-2026
13. Middle East & Africa Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit 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 Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Application
13.4.1. Oil Field
13.4.2. Gas Field
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Roller Cone Downhole Drill Bit Market Size and Volume Forecast by Type
13.7.1. Natural Diamond Bit
13.7.2. Other
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 Roller Cone Downhole Drill Bit Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Roller Cone Downhole Drill Bit Market: Market Share Analysis
14.2. Roller Cone Downhole Drill Bit Distributors and Customers
14.3. Roller Cone Downhole Drill Bit 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. Schlumberger
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Halliburton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. National Oilwell Varco
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. Kingdream
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Baoshi Machinery
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jiangxi Feilong
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
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