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Drilling Tools Market - Global Forecast 2026-2032- Product Image
Drilling Tools Market - Global Forecast 2026-2032- Product Image
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Drilling Tools Market - Global Forecast 2026-2032

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    Report

  • 190 Pages
  • January 2026
  • Region: Global
  • 360iResearch™
  • ID: 6083792
1h Free Analyst Time
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The drilling tools market is evolving rapidly as technology integration, performance reliability, and procurement innovation reshape operator and supplier strategies across complex subsurface projects.

Market Snapshot: Drilling Tools Market Size and Growth

The Drilling Tools Market grew from USD 9.97 billion in 2025 to USD 10.68 billion in 2026. With an anticipated CAGR of 8.45%, it is expected to reach USD 17.61 billion by 2032. This sustained expansion is driven by sophisticated engineering demands, technological convergence, and regulatory considerations influencing decision-making for both operators and equipment suppliers.

Scope & Segmentation

  • Tool Types: Downhole tools (directional drilling tools, measurement while drilling tools, mud logging tools), drill bits (diamond, PDC, roller cone), drill collars, mud motors, reamers, and stabilizers.
  • Material Choices: Carbide and steel for durability; ceramic and diamond for wear resistance in abrasive environments.
  • Applications: Oil and gas, geothermal, mining, water well drilling, and construction sectors.
  • Drilling Methods: Directional, percussion, rotary, and sonic drilling, each demanding specialized designs and materials.
  • Regions Covered: Americas, Europe, Middle East & Africa, and Asia-Pacific, reflecting varying project profiles, regulatory compliance needs, and supply chain priorities.
  • Technologies Assessed: Embedded sensing, real-time telemetry, electrification, modular system architectures, digital twins, and predictive analytics.

Key Takeaways

  • Technological convergence, including embedded downhole sensors and modular tool platforms, is transforming formerly mechanical drilling tools into information-rich assets, enhancing operational decisions in real time.
  • Material innovation underpins performance in extreme environments: advanced surface treatments and hybrid materials increase tool longevity and reduce maintenance demands.
  • Procurement strategies are shifting from commodity-driven to capability-based sourcing, prioritizing lifecycle economics and digital enablement over just initial costs.
  • Regulatory and environmental factors are elevating expectations for emissions control, sustainable manufacturing, and compliance—especially in highly regulated regions.
  • Service-focused commercial models, such as preventive maintenance contracts and condition monitoring, are becoming critical components of supplier differentiation and customer retention.
  • Regional market dynamics require suppliers to adapt localization, inventory management, and partnership models according to local operational realities and regulatory environments.

Tariff Impact on the Drilling Tools Market

Tariff-driven cost pressures from major economies have led manufacturers to adopt nearshoring, dual-sourcing, and localized production to minimize supply chain disruptions. These measures also support project delivery timelines when duties change or sourcing inputs are affected. Contracting terms now frequently include indexed pricing and collaborative risk-sharing. Suppliers increasingly qualify alternative geographies and invest in inventory buffers for high-risk components. This dynamic encourages competitive advantage for firms with localized, technically advanced manufacturing capacity and strengthens supply chain resilience across the drilling tools value chain.

Methodology & Data Sources

This analysis is informed by a comprehensive, mixed-methods framework combining primary interviews with drilling engineers and procurement leads, field assessments, and synthesis of technical literature and patent data. Thematic coding and supply chain mapping validate findings, ensuring that recommendations reflect both practical experience and documented field performance.

Why This Report Matters

  • Enables senior decision-makers to benchmark technology roadmaps and procurement criteria against evolving operational priorities in the drilling sector.
  • Provides actionable insights into regional segmentation, localization strategies, and service-led supplier models to optimize sourcing and long-term contracts.
  • Supports R&D, engineering, and procurement leaders with evidence-based guidance on combining material innovation, digital integration, and manufacturing resilience for strategic advantage.

Conclusion

Sustaining a competitive edge in the drilling tools industry requires harmonizing advanced engineering, durable materials, and data-driven services. Strategic supplier partnerships, regional manufacturing agility, and lifecycle-oriented sourcing unlock robust operational and commercial outcomes for stakeholders navigating increasingly complex drilling environments.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Definition
1.3. Market Segmentation & Coverage
1.4. Years Considered for the Study
1.5. Currency Considered for the Study
1.6. Language Considered for the Study
1.7. Key Stakeholders
2. Research Methodology
2.1. Introduction
2.2. Research Design
2.2.1. Primary Research
2.2.2. Secondary Research
2.3. Research Framework
2.3.1. Qualitative Analysis
2.3.2. Quantitative Analysis
2.4. Market Size Estimation
2.4.1. Top-Down Approach
2.4.2. Bottom-Up Approach
2.5. Data Triangulation
2.6. Research Outcomes
2.7. Research Assumptions
2.8. Research Limitations
3. Executive Summary
3.1. Introduction
3.2. CXO Perspective
3.3. Market Size & Growth Trends
3.4. Market Share Analysis, 2025
3.5. FPNV Positioning Matrix, 2025
3.6. New Revenue Opportunities
3.7. Next-Generation Business Models
3.8. Industry Roadmap
4. Market Overview
4.1. Introduction
4.2. Industry Ecosystem & Value Chain Analysis
4.2.1. Supply-Side Analysis
4.2.2. Demand-Side Analysis
4.2.3. Stakeholder Analysis
4.3. Porter’s Five Forces Analysis
4.4. PESTLE Analysis
4.5. Market Outlook
4.5.1. Near-Term Market Outlook (0-2 Years)
4.5.2. Medium-Term Market Outlook (3-5 Years)
4.5.3. Long-Term Market Outlook (5-10 Years)
4.6. Go-to-Market Strategy
5. Market Insights
5.1. Consumer Insights & End-User Perspective
5.2. Consumer Experience Benchmarking
5.3. Opportunity Mapping
5.4. Distribution Channel Analysis
5.5. Pricing Trend Analysis
5.6. Regulatory Compliance & Standards Framework
5.7. ESG & Sustainability Analysis
5.8. Disruption & Risk Scenarios
5.9. Return on Investment & Cost-Benefit Analysis
6. Cumulative Impact of United States Tariffs 2025
7. Cumulative Impact of Artificial Intelligence 2025
8. Drilling Tools Market, by Tool Type
8.1. Downhole Tools
8.1.1. Directional Drilling Tools
8.1.2. Measurement While Drilling Tools
8.1.3. Mud Logging Tools
8.2. Drill Bits
8.2.1. Diamond Bits
8.2.2. Pdc Bits
8.2.3. Roller Cone Bits
8.3. Drill Collars
8.4. Mud Motors
8.5. Reamers
8.6. Stabilizers
9. Drilling Tools Market, by Material Type
9.1. Carbide
9.2. Ceramic
9.3. Diamond
9.4. Steel
10. Drilling Tools Market, by Drilling Method
10.1. Directional
10.2. Percussion
10.3. Rotary
10.4. Sonic
11. Drilling Tools Market, by Application
11.1. Construction
11.2. Geothermal
11.3. Mining
11.4. Oil And Gas
11.5. Water Well
12. Drilling Tools Market, by Region
12.1. Americas
12.1.1. North America
12.1.2. Latin America
12.2. Europe, Middle East & Africa
12.2.1. Europe
12.2.2. Middle East
12.2.3. Africa
12.3. Asia-Pacific
13. Drilling Tools Market, by Group
13.1. ASEAN
13.2. GCC
13.3. European Union
13.4. BRICS
13.5. G7
13.6. NATO
14. Drilling Tools Market, by Country
14.1. United States
14.2. Canada
14.3. Mexico
14.4. Brazil
14.5. United Kingdom
14.6. Germany
14.7. France
14.8. Russia
14.9. Italy
14.10. Spain
14.11. China
14.12. India
14.13. Japan
14.14. Australia
14.15. South Korea
15. United States Drilling Tools Market
16. China Drilling Tools Market
17. Competitive Landscape
17.1. Market Concentration Analysis, 2025
17.1.1. Concentration Ratio (CR)
17.1.2. Herfindahl Hirschman Index (HHI)
17.2. Recent Developments & Impact Analysis, 2025
17.3. Product Portfolio Analysis, 2025
17.4. Benchmarking Analysis, 2025
17.5. Atlas Copco AB
17.6. Baker Hughes Company
17.7. Boart Longyear Group Ltd.
17.8. Cangzhou Great Drill Bits Co., Ltd.
17.9. DIC Tools Pvt. Ltd.
17.10. Drillco Tools Pvt. Ltd.
17.11. Epiroc AB
17.12. Guizhou Sinodrills Equipment Co., Ltd.
17.13. Halliburton Company
17.14. JD Cutting Tools Pvt. Ltd.
17.15. Oilmec Drilling Equipment Pvt. Ltd.
17.16. Precihole Machine Tools Pvt. Ltd.
17.17. Rockmore International, Inc.
17.18. Sandvik AB
17.19. Scientific Drilling International, Inc.
17.20. SLB
17.21. Ulterra Drilling Technologies, L.P.
17.22. United Drilling Tools Ltd.
17.23. Varel International Energy Services, Inc.
17.24. Weatherford International plc
List of Figures
FIGURE 1. GLOBAL DRILLING TOOLS MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 2. GLOBAL DRILLING TOOLS MARKET SHARE, BY KEY PLAYER, 2025
FIGURE 3. GLOBAL DRILLING TOOLS MARKET, FPNV POSITIONING MATRIX, 2025
FIGURE 4. GLOBAL DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 5. GLOBAL DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 6. GLOBAL DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 7. GLOBAL DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 8. GLOBAL DRILLING TOOLS MARKET SIZE, BY REGION, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 9. GLOBAL DRILLING TOOLS MARKET SIZE, BY GROUP, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 10. GLOBAL DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2025 VS 2026 VS 2032 (USD MILLION)
FIGURE 11. UNITED STATES DRILLING TOOLS MARKET SIZE, 2018-2032 (USD MILLION)
FIGURE 12. CHINA DRILLING TOOLS MARKET SIZE, 2018-2032 (USD MILLION)
List of Tables
TABLE 1. GLOBAL DRILLING TOOLS MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 2. GLOBAL DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 3. GLOBAL DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, BY REGION, 2018-2032 (USD MILLION)
TABLE 4. GLOBAL DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 5. GLOBAL DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 6. GLOBAL DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 7. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIRECTIONAL DRILLING TOOLS, BY REGION, 2018-2032 (USD MILLION)
TABLE 8. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIRECTIONAL DRILLING TOOLS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 9. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIRECTIONAL DRILLING TOOLS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 10. GLOBAL DRILLING TOOLS MARKET SIZE, BY MEASUREMENT WHILE DRILLING TOOLS, BY REGION, 2018-2032 (USD MILLION)
TABLE 11. GLOBAL DRILLING TOOLS MARKET SIZE, BY MEASUREMENT WHILE DRILLING TOOLS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 12. GLOBAL DRILLING TOOLS MARKET SIZE, BY MEASUREMENT WHILE DRILLING TOOLS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 13. GLOBAL DRILLING TOOLS MARKET SIZE, BY MUD LOGGING TOOLS, BY REGION, 2018-2032 (USD MILLION)
TABLE 14. GLOBAL DRILLING TOOLS MARKET SIZE, BY MUD LOGGING TOOLS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 15. GLOBAL DRILLING TOOLS MARKET SIZE, BY MUD LOGGING TOOLS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 16. GLOBAL DRILLING TOOLS MARKET SIZE, BY DRILL BITS, BY REGION, 2018-2032 (USD MILLION)
TABLE 17. GLOBAL DRILLING TOOLS MARKET SIZE, BY DRILL BITS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 18. GLOBAL DRILLING TOOLS MARKET SIZE, BY DRILL BITS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 19. GLOBAL DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 20. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIAMOND BITS, BY REGION, 2018-2032 (USD MILLION)
TABLE 21. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIAMOND BITS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 22. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIAMOND BITS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 23. GLOBAL DRILLING TOOLS MARKET SIZE, BY PDC BITS, BY REGION, 2018-2032 (USD MILLION)
TABLE 24. GLOBAL DRILLING TOOLS MARKET SIZE, BY PDC BITS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 25. GLOBAL DRILLING TOOLS MARKET SIZE, BY PDC BITS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 26. GLOBAL DRILLING TOOLS MARKET SIZE, BY ROLLER CONE BITS, BY REGION, 2018-2032 (USD MILLION)
TABLE 27. GLOBAL DRILLING TOOLS MARKET SIZE, BY ROLLER CONE BITS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 28. GLOBAL DRILLING TOOLS MARKET SIZE, BY ROLLER CONE BITS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 29. GLOBAL DRILLING TOOLS MARKET SIZE, BY DRILL COLLARS, BY REGION, 2018-2032 (USD MILLION)
TABLE 30. GLOBAL DRILLING TOOLS MARKET SIZE, BY DRILL COLLARS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 31. GLOBAL DRILLING TOOLS MARKET SIZE, BY DRILL COLLARS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 32. GLOBAL DRILLING TOOLS MARKET SIZE, BY MUD MOTORS, BY REGION, 2018-2032 (USD MILLION)
TABLE 33. GLOBAL DRILLING TOOLS MARKET SIZE, BY MUD MOTORS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 34. GLOBAL DRILLING TOOLS MARKET SIZE, BY MUD MOTORS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 35. GLOBAL DRILLING TOOLS MARKET SIZE, BY REAMERS, BY REGION, 2018-2032 (USD MILLION)
TABLE 36. GLOBAL DRILLING TOOLS MARKET SIZE, BY REAMERS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 37. GLOBAL DRILLING TOOLS MARKET SIZE, BY REAMERS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 38. GLOBAL DRILLING TOOLS MARKET SIZE, BY STABILIZERS, BY REGION, 2018-2032 (USD MILLION)
TABLE 39. GLOBAL DRILLING TOOLS MARKET SIZE, BY STABILIZERS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 40. GLOBAL DRILLING TOOLS MARKET SIZE, BY STABILIZERS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 41. GLOBAL DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 42. GLOBAL DRILLING TOOLS MARKET SIZE, BY CARBIDE, BY REGION, 2018-2032 (USD MILLION)
TABLE 43. GLOBAL DRILLING TOOLS MARKET SIZE, BY CARBIDE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 44. GLOBAL DRILLING TOOLS MARKET SIZE, BY CARBIDE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 45. GLOBAL DRILLING TOOLS MARKET SIZE, BY CERAMIC, BY REGION, 2018-2032 (USD MILLION)
TABLE 46. GLOBAL DRILLING TOOLS MARKET SIZE, BY CERAMIC, BY GROUP, 2018-2032 (USD MILLION)
TABLE 47. GLOBAL DRILLING TOOLS MARKET SIZE, BY CERAMIC, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 48. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIAMOND, BY REGION, 2018-2032 (USD MILLION)
TABLE 49. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIAMOND, BY GROUP, 2018-2032 (USD MILLION)
TABLE 50. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIAMOND, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 51. GLOBAL DRILLING TOOLS MARKET SIZE, BY STEEL, BY REGION, 2018-2032 (USD MILLION)
TABLE 52. GLOBAL DRILLING TOOLS MARKET SIZE, BY STEEL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 53. GLOBAL DRILLING TOOLS MARKET SIZE, BY STEEL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 54. GLOBAL DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 55. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIRECTIONAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 56. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIRECTIONAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 57. GLOBAL DRILLING TOOLS MARKET SIZE, BY DIRECTIONAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 58. GLOBAL DRILLING TOOLS MARKET SIZE, BY PERCUSSION, BY REGION, 2018-2032 (USD MILLION)
TABLE 59. GLOBAL DRILLING TOOLS MARKET SIZE, BY PERCUSSION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 60. GLOBAL DRILLING TOOLS MARKET SIZE, BY PERCUSSION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 61. GLOBAL DRILLING TOOLS MARKET SIZE, BY ROTARY, BY REGION, 2018-2032 (USD MILLION)
TABLE 62. GLOBAL DRILLING TOOLS MARKET SIZE, BY ROTARY, BY GROUP, 2018-2032 (USD MILLION)
TABLE 63. GLOBAL DRILLING TOOLS MARKET SIZE, BY ROTARY, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 64. GLOBAL DRILLING TOOLS MARKET SIZE, BY SONIC, BY REGION, 2018-2032 (USD MILLION)
TABLE 65. GLOBAL DRILLING TOOLS MARKET SIZE, BY SONIC, BY GROUP, 2018-2032 (USD MILLION)
TABLE 66. GLOBAL DRILLING TOOLS MARKET SIZE, BY SONIC, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 67. GLOBAL DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 68. GLOBAL DRILLING TOOLS MARKET SIZE, BY CONSTRUCTION, BY REGION, 2018-2032 (USD MILLION)
TABLE 69. GLOBAL DRILLING TOOLS MARKET SIZE, BY CONSTRUCTION, BY GROUP, 2018-2032 (USD MILLION)
TABLE 70. GLOBAL DRILLING TOOLS MARKET SIZE, BY CONSTRUCTION, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 71. GLOBAL DRILLING TOOLS MARKET SIZE, BY GEOTHERMAL, BY REGION, 2018-2032 (USD MILLION)
TABLE 72. GLOBAL DRILLING TOOLS MARKET SIZE, BY GEOTHERMAL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 73. GLOBAL DRILLING TOOLS MARKET SIZE, BY GEOTHERMAL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 74. GLOBAL DRILLING TOOLS MARKET SIZE, BY MINING, BY REGION, 2018-2032 (USD MILLION)
TABLE 75. GLOBAL DRILLING TOOLS MARKET SIZE, BY MINING, BY GROUP, 2018-2032 (USD MILLION)
TABLE 76. GLOBAL DRILLING TOOLS MARKET SIZE, BY MINING, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 77. GLOBAL DRILLING TOOLS MARKET SIZE, BY OIL AND GAS, BY REGION, 2018-2032 (USD MILLION)
TABLE 78. GLOBAL DRILLING TOOLS MARKET SIZE, BY OIL AND GAS, BY GROUP, 2018-2032 (USD MILLION)
TABLE 79. GLOBAL DRILLING TOOLS MARKET SIZE, BY OIL AND GAS, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 80. GLOBAL DRILLING TOOLS MARKET SIZE, BY WATER WELL, BY REGION, 2018-2032 (USD MILLION)
TABLE 81. GLOBAL DRILLING TOOLS MARKET SIZE, BY WATER WELL, BY GROUP, 2018-2032 (USD MILLION)
TABLE 82. GLOBAL DRILLING TOOLS MARKET SIZE, BY WATER WELL, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 83. GLOBAL DRILLING TOOLS MARKET SIZE, BY REGION, 2018-2032 (USD MILLION)
TABLE 84. AMERICAS DRILLING TOOLS MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 85. AMERICAS DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 86. AMERICAS DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 87. AMERICAS DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 88. AMERICAS DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 89. AMERICAS DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 90. AMERICAS DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 91. NORTH AMERICA DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 92. NORTH AMERICA DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 93. NORTH AMERICA DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 94. NORTH AMERICA DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 95. NORTH AMERICA DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 96. NORTH AMERICA DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 97. NORTH AMERICA DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 98. LATIN AMERICA DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 99. LATIN AMERICA DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 100. LATIN AMERICA DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 101. LATIN AMERICA DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 102. LATIN AMERICA DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 103. LATIN AMERICA DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 104. LATIN AMERICA DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 105. EUROPE, MIDDLE EAST & AFRICA DRILLING TOOLS MARKET SIZE, BY SUBREGION, 2018-2032 (USD MILLION)
TABLE 106. EUROPE, MIDDLE EAST & AFRICA DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 107. EUROPE, MIDDLE EAST & AFRICA DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 108. EUROPE, MIDDLE EAST & AFRICA DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 109. EUROPE, MIDDLE EAST & AFRICA DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 110. EUROPE, MIDDLE EAST & AFRICA DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 111. EUROPE, MIDDLE EAST & AFRICA DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 112. EUROPE DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 113. EUROPE DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 114. EUROPE DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 115. EUROPE DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 116. EUROPE DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 117. EUROPE DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 118. EUROPE DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 119. MIDDLE EAST DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 120. MIDDLE EAST DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 121. MIDDLE EAST DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 122. MIDDLE EAST DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 123. MIDDLE EAST DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 124. MIDDLE EAST DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 125. MIDDLE EAST DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 126. AFRICA DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 127. AFRICA DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 128. AFRICA DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 129. AFRICA DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 130. AFRICA DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 131. AFRICA DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 132. AFRICA DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 133. ASIA-PACIFIC DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 134. ASIA-PACIFIC DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 135. ASIA-PACIFIC DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 136. ASIA-PACIFIC DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 137. ASIA-PACIFIC DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 138. ASIA-PACIFIC DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 139. ASIA-PACIFIC DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 140. GLOBAL DRILLING TOOLS MARKET SIZE, BY GROUP, 2018-2032 (USD MILLION)
TABLE 141. ASEAN DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 142. ASEAN DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 143. ASEAN DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 144. ASEAN DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 145. ASEAN DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 146. ASEAN DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 147. ASEAN DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 148. GCC DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 149. GCC DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 150. GCC DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 151. GCC DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 152. GCC DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 153. GCC DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 154. GCC DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 155. EUROPEAN UNION DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 156. EUROPEAN UNION DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 157. EUROPEAN UNION DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 158. EUROPEAN UNION DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 159. EUROPEAN UNION DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 160. EUROPEAN UNION DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 161. EUROPEAN UNION DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 162. BRICS DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 163. BRICS DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 164. BRICS DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 165. BRICS DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 166. BRICS DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 167. BRICS DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 168. BRICS DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 169. G7 DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 170. G7 DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 171. G7 DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 172. G7 DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 173. G7 DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 174. G7 DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 175. G7 DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 176. NATO DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 177. NATO DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 178. NATO DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 179. NATO DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 180. NATO DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 181. NATO DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 182. NATO DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 183. GLOBAL DRILLING TOOLS MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION)
TABLE 184. UNITED STATES DRILLING TOOLS MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 185. UNITED STATES DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 186. UNITED STATES DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 187. UNITED STATES DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 188. UNITED STATES DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 189. UNITED STATES DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 190. UNITED STATES DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)
TABLE 191. CHINA DRILLING TOOLS MARKET SIZE, 2018-2032 (USD MILLION)
TABLE 192. CHINA DRILLING TOOLS MARKET SIZE, BY TOOL TYPE, 2018-2032 (USD MILLION)
TABLE 193. CHINA DRILLING TOOLS MARKET SIZE, BY DOWNHOLE TOOLS, 2018-2032 (USD MILLION)
TABLE 194. CHINA DRILLING TOOLS MARKET SIZE, BY DRILL BITS, 2018-2032 (USD MILLION)
TABLE 195. CHINA DRILLING TOOLS MARKET SIZE, BY MATERIAL TYPE, 2018-2032 (USD MILLION)
TABLE 196. CHINA DRILLING TOOLS MARKET SIZE, BY DRILLING METHOD, 2018-2032 (USD MILLION)
TABLE 197. CHINA DRILLING TOOLS MARKET SIZE, BY APPLICATION, 2018-2032 (USD MILLION)

Companies Mentioned

The key companies profiled in this Drilling Tools market report include:
  • Atlas Copco AB
  • Baker Hughes Company
  • Boart Longyear Group Ltd.
  • Cangzhou Great Drill Bits Co., Ltd.
  • DIC Tools Pvt. Ltd.
  • Drillco Tools Pvt. Ltd.
  • Epiroc AB
  • Guizhou Sinodrills Equipment Co., Ltd.
  • Halliburton Company
  • JD Cutting Tools Pvt. Ltd.
  • Oilmec Drilling Equipment Pvt. Ltd.
  • Precihole Machine Tools Pvt. Ltd.
  • Rockmore International, Inc.
  • Sandvik AB
  • Scientific Drilling International, Inc.
  • SLB
  • Ulterra Drilling Technologies, L.P.
  • United Drilling Tools Ltd.
  • Varel International Energy Services, Inc.
  • Weatherford International plc

Table Information

Report AttributeDetails
No. of Pages190
PublishedJanuary 2026
Forecast Period2026 - 2032
Estimated Market Value ( USD ) in 2026 $ 10.68 Billion
Forecasted Market Value ( USD ) by 2032 $ 17.61 Billion
Compound Annual Growth Rate8.4%
Regions CoveredGlobal
No. of Companies Mentioned21

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About the Drilling Equipment Market

The Drilling Equipment market within the Machine Tools industry is a highly competitive sector, with a wide range of products available. Drilling equipment is used to create holes in a variety of materials, such as metal, wood, plastic, and concrete. It is used in a variety of industries, including automotive, aerospace, and construction. Drilling equipment is typically powered by electricity, compressed air, or hydraulics. Electric drills are the most common type, and are available in a variety of sizes and power levels. Compressed air drills are used for more specialized applications, such as drilling in hard materials. Hydraulic drills are used for heavy-duty applications, such as drilling in large pieces of metal. The Drilling Equipment market is highly competitive, with a wide range of manufacturers offering a variety of products. Some of the leading companies in the market include Makita, Bosch, DeWalt, Milwaukee, and Hitachi. These companies offer a wide range of products, from basic hand drills to advanced industrial-grade drills. Show Less Read more

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