Drill Bit Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (Fixed Cutter Bits, Roller Cone Cutter Bits); Application (Onshore Drilling, Offshore Drilling) and Geography

Report Code: TIPRE00010758 | No. of Pages: 150 | Category: Electronics and Semiconductor | Status: Upcoming

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MARKET INTRODUCTION

Drilling is the primary process for exploring and manufacturing crude oil from a tank. In this process, rocks are crushed by using drill bits to extract crude oil to form a cylindrical hole in the earth's surface. Drill bits consisting of different materials such as diamond, tungsten, and carbide are widely used in the oil & gas industry. Drill bits are segmented according to the type i.e., roller cone drill bits and fixed drill bits of the cutter. The most popular drill bits used for finning conventional wells is the roller cone drill bits. The segment with roller cone drill bits is expected to be the most dominant segment over the forecast period, while the growth of the segment of fixed cutter bits is enhanced by increasing the production of non-conventional shale gas and tight oil.

MARKET DYNAMICS

Growing energy demand due to an increase in the number of cars due to rapid urbanization-especially in emerging Asia-Pacific economies such as India and China are expected to drive demand for fossil fuel that influences which oil producer will increase oil production, this, in turn, is expected to stimulate the growth of the global oil & gas drill bit market. An increase in sand formations exploration and production coupled with new drilling techniques such as hydraulic fracturing or fracking is expected to drive demand for polycrystalline diamond bits (PCD). The oil & gas industry has seen a shift from conventional to non-conventional oil & gas exploration in the form of exploration and production operations-growing shale gas production since 2010, coupled with increasing U.S. activity for ultra-deep water drilling. The Gulf of Mexico is expected to drive the market demand for drill bits over the forecast (2020-2027) period. In addition, increasing rig counts for offshore drilling were also anticipated over the forecast period to fuel the demand for drill bit market.

MARKET SCOPE

The "Global Drill Bit Market Analysis To 2027" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The drill bit market report aims to provide an overview of the drill bit market with detailed market segmentation by product type, application, and geography. The global drill bit market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading drill bit market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global drill bit market is segmented on the basis of product type, and application. On the basis of product type, the drill bit market is segmented into: Fixed Cutter Bits (Natural Diamond Bits, Polycrystalline Diamond Bits), and Roller Cone Cutter Bits (Tungsten Carbide Inserts, Milled-tooth Bits). Based on application, the drill bit market is segmented into: Onshore Drilling, and Offshore Drilling.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global drill bit market based on various segments. It also provides drill bit market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The drill bit market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the drill bit market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the drill bit market in these regions.



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MARKET PLAYERS


The reports cover key developments in the drill bit market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from drill bit market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the drill bit market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the drill bit market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.


  •  BLACK+DECKER Inc.
  •  Halliburton
  •  Hartner
  •  Hilti
  •  IZAR CUTTING TOOLS S.A.L
  •  Makita Gulf FZE
  •  Metabo
  •  Robert Bosch Tool Corporation
  •  RUKO GmbH Präzisionswerkzeuge
  •  Schlumberger Limited


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Drill Bit Market - By Product Type
1.3.2 Drill Bit Market - By Application
1.3.3 Drill Bit Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. DRILL BIT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. DRILL BIT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. DRILL BIT MARKET - GLOBAL MARKET ANALYSIS
6.1. DRILL BIT - GLOBAL MARKET OVERVIEW
6.2. DRILL BIT - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE

7. DRILL BIT MARKET - REVENUE AND FORECASTS TO 2027 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FIXED CUTTER BITS
7.3.1. Overview
7.3.2. Fixed Cutter Bits Market Forecast and Analysis
7.3.3. Natural Diamond Bits Market
7.3.3.1. Overview
7.3.3.2. Natural Diamond Bits Market Forecast and Analysis
7.3.4. Polycrystalline Diamond Bits Market
7.3.4.1. Overview
7.3.4.2. Polycrystalline Diamond Bits Market Forecast and Analysis
7.4. ROLLER CONE CUTTER BITS
7.4.1. Overview
7.4.2. Roller Cone Cutter Bits Market Forecast and Analysis
7.4.3. Tungsten Carbide Inserts Market
7.4.3.1. Overview
7.4.3.2. Tungsten Carbide Inserts Market Forecast and Analysis
7.4.4. Milled-tooth Bits Market
7.4.4.1. Overview
7.4.4.2. Milled-tooth Bits Market Forecast and Analysis
8. DRILL BIT MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ONSHORE DRILLING
8.3.1. Overview
8.3.2. Onshore Drilling Market Forecast and Analysis
8.4. OFFSHORE DRILLING
8.4.1. Overview
8.4.2. Offshore Drilling Market Forecast and Analysis

9. DRILL BIT MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Drill Bit Market Overview
9.1.2 North America Drill Bit Market Forecasts and Analysis
9.1.3 North America Drill Bit Market Forecasts and Analysis - By Product Type
9.1.4 North America Drill Bit Market Forecasts and Analysis - By Application
9.1.5 North America Drill Bit Market Forecasts and Analysis - By Countries
9.1.5.1 United States Drill Bit Market
9.1.5.1.1 United States Drill Bit Market by Product Type
9.1.5.1.2 United States Drill Bit Market by Application
9.1.5.2 Canada Drill Bit Market
9.1.5.2.1 Canada Drill Bit Market by Product Type
9.1.5.2.2 Canada Drill Bit Market by Application
9.1.5.3 Mexico Drill Bit Market
9.1.5.3.1 Mexico Drill Bit Market by Product Type
9.1.5.3.2 Mexico Drill Bit Market by Application
9.2. EUROPE
9.2.1 Europe Drill Bit Market Overview
9.2.2 Europe Drill Bit Market Forecasts and Analysis
9.2.3 Europe Drill Bit Market Forecasts and Analysis - By Product Type
9.2.4 Europe Drill Bit Market Forecasts and Analysis - By Application
9.2.5 Europe Drill Bit Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Drill Bit Market
9.2.5.1.1 Germany Drill Bit Market by Product Type
9.2.5.1.2 Germany Drill Bit Market by Application
9.2.5.2 France Drill Bit Market
9.2.5.2.1 France Drill Bit Market by Product Type
9.2.5.2.2 France Drill Bit Market by Application
9.2.5.3 Italy Drill Bit Market
9.2.5.3.1 Italy Drill Bit Market by Product Type
9.2.5.3.2 Italy Drill Bit Market by Application
9.2.5.4 United Kingdom Drill Bit Market
9.2.5.4.1 United Kingdom Drill Bit Market by Product Type
9.2.5.4.2 United Kingdom Drill Bit Market by Application
9.2.5.5 Russia Drill Bit Market
9.2.5.5.1 Russia Drill Bit Market by Product Type
9.2.5.5.2 Russia Drill Bit Market by Application
9.2.5.6 Rest of Europe Drill Bit Market
9.2.5.6.1 Rest of Europe Drill Bit Market by Product Type
9.2.5.6.2 Rest of Europe Drill Bit Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Drill Bit Market Overview
9.3.2 Asia-Pacific Drill Bit Market Forecasts and Analysis
9.3.3 Asia-Pacific Drill Bit Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Drill Bit Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Drill Bit Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Drill Bit Market
9.3.5.1.1 Australia Drill Bit Market by Product Type
9.3.5.1.2 Australia Drill Bit Market by Application
9.3.5.2 China Drill Bit Market
9.3.5.2.1 China Drill Bit Market by Product Type
9.3.5.2.2 China Drill Bit Market by Application
9.3.5.3 India Drill Bit Market
9.3.5.3.1 India Drill Bit Market by Product Type
9.3.5.3.2 India Drill Bit Market by Application
9.3.5.4 Japan Drill Bit Market
9.3.5.4.1 Japan Drill Bit Market by Product Type
9.3.5.4.2 Japan Drill Bit Market by Application
9.3.5.5 South Korea Drill Bit Market
9.3.5.5.1 South Korea Drill Bit Market by Product Type
9.3.5.5.2 South Korea Drill Bit Market by Application
9.3.5.6 Rest of Asia-Pacific Drill Bit Market
9.3.5.6.1 Rest of Asia-Pacific Drill Bit Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Drill Bit Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Drill Bit Market Overview
9.4.2 Middle East and Africa Drill Bit Market Forecasts and Analysis
9.4.3 Middle East and Africa Drill Bit Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Drill Bit Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Drill Bit Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Drill Bit Market
9.4.5.1.1 South Africa Drill Bit Market by Product Type
9.4.5.1.2 South Africa Drill Bit Market by Application
9.4.5.2 Saudi Arabia Drill Bit Market
9.4.5.2.1 Saudi Arabia Drill Bit Market by Product Type
9.4.5.2.2 Saudi Arabia Drill Bit Market by Application
9.4.5.3 U.A.E Drill Bit Market
9.4.5.3.1 U.A.E Drill Bit Market by Product Type
9.4.5.3.2 U.A.E Drill Bit Market by Application
9.4.5.4 Rest of Middle East and Africa Drill Bit Market
9.4.5.4.1 Rest of Middle East and Africa Drill Bit Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Drill Bit Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Drill Bit Market Overview
9.5.2 South and Central America Drill Bit Market Forecasts and Analysis
9.5.3 South and Central America Drill Bit Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Drill Bit Market Forecasts and Analysis - By Application
9.5.5 South and Central America Drill Bit Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Drill Bit Market
9.5.5.1.1 Brazil Drill Bit Market by Product Type
9.5.5.1.2 Brazil Drill Bit Market by Application
9.5.5.2 Argentina Drill Bit Market
9.5.5.2.1 Argentina Drill Bit Market by Product Type
9.5.5.2.2 Argentina Drill Bit Market by Application
9.5.5.3 Rest of South and Central America Drill Bit Market
9.5.5.3.1 Rest of South and Central America Drill Bit Market by Product Type
9.5.5.3.2 Rest of South and Central America Drill Bit Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. DRILL BIT MARKET, KEY COMPANY PROFILES
11.1. BLACK+DECKER INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HALLIBURTON
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HARTNER
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HILTI
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. IZAR CUTTING TOOLS S.A.L
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MAKITA GULF FZE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. METABO
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ROBERT BOSCH TOOL CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RUKO GMBH PRäZISIONSWERKZEUGE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SCHLUMBERGER LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. BLACK+DECKER Inc.
2. Halliburton
3. Hartner
4. Hilti
5. IZAR CUTTING TOOLS S.A.L
6. Makita Gulf FZE
7. Metabo
8. Robert Bosch Tool Corporation
9. RUKO GmbH Präzisionswerkzeuge
10. Schlumberger Limited
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