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The publisher has been monitoring the drilling bits market in oil and gas industry and it is poised to grow by $ 1.32 bn during 2021-2025, progressing at a CAGR of 6.29% during the forecast period. The report on drilling bits market in oil and gas industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the migration of drilling into unconventional areas and increased use of horizontal and multilateral wells.
The drilling bits market in oil and gas industry analysis includes product and application segments and geographic landscape.
The drilling bits market in oil and gas industry is segmented as below:
By Product
- Fixed cutter bits
- Roller cone cutter bits
By Application
- Onshore
- Offshore
By Geographical Landscape
- North America
- MEA
- APAC
- Europe
- South America
This study identifies the focus on reduction of non-productive time (NPT) as one of the prime reasons driving the drilling bits market in oil and gas industry growth during the next few years.
The report on drilling bits market in oil and gas industry covers the following areas:
- Drilling bits market in oil and gas industry sizing
- Drilling bits market in oil and gas industry forecast
- Drilling bits market in oil and gas industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading drilling bits market in oil and gas industry vendors that include Atlas Copco AB, Baker Hughes Co., Bit Brokers International Ltd., Caterpillar Inc., Drill King International LP, Drilling Products Inc., Halliburton Co., NOV Inc., Sandvik AB, and Ulterra Drilling Technologies L.P. Also, the drilling bits market in oil and gas industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
Executive Summary- Market overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Fixed cutter bits - Market size and forecast 2020-2025
- Roller cone cutter bits - Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Onshore - Market size and forecast 2020-2025
- Offshore - Market size and forecast 2020-2025
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity By Geographical Landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Atlas Copco AB
- Baker Hughes Co.
- Bit Brokers International Ltd.
- Caterpillar Inc.
- Drill King International LP
- Drilling Products Inc.
- Halliburton Co.
- NOV Inc.
- Sandvik AB
- Ulterra Drilling Technologies L.P.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
List of Exhibits
- Key Finding 1
- Key Finding 2
- Key Finding 3
- Key Finding 5
- Key Finding 6
- Key Finding 7
- Key Finding 8
- Key Finding 9
- Parent market
- Market characteristics
- Offerings of vendors included in the market definition
- Market segments
- Global - Market size and forecast 2020 - 2025 ($ million)
- Global market: Year-over-year growth 2020 - 2025 (%)
- Five forces analysis 2020 & 2025
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition - Five forces 2020
- Product - Market share 2020-2025 (%)
- Comparison by Product
- Fixed cutter bits - Market size and forecast 2020-2025 ($ million)
- Fixed cutter bits - Year-over-year growth 2020-2025 (%)
- Roller cone cutter bits - Market size and forecast 2020-2025 ($ million)
- Roller cone cutter bits - Year-over-year growth 2020-2025 (%)
- Market opportunity by Product
- Application - Market share 2020-2025 (%)
- Comparison by Application
- Onshore - Market size and forecast 2020-2025 ($ million)
- Onshore - Year-over-year growth 2020-2025 (%)
- Offshore - Market size and forecast 2020-2025 ($ million)
- Offshore - Year-over-year growth 2020-2025 (%)
- Market opportunity by Application
- Customer landscape
- Market share By Geographical Landscape 2020-2025 (%)
- Geographic comparison
- North America - Market size and forecast 2020-2025 ($ million)
- North America - Year-over-year growth 2020-2025 (%)
- MEA - Market size and forecast 2020-2025 ($ million)
- MEA - Year-over-year growth 2020-2025 (%)
- APAC - Market size and forecast 2020-2025 ($ million)
- APAC - Year-over-year growth 2020-2025 (%)
- Europe - Market size and forecast 2020-2025 ($ million)
- Europe - Year-over-year growth 2020-2025 (%)
- South America - Market size and forecast 2020-2025 ($ million)
- South America - Year-over-year growth 2020-2025 (%)
- Key leading countries
- Market opportunity By Geographical Landscape ($ million)
- Impact of drivers and challenges
- Vendor landscape
- Landscape disruption
- Industry risks
- Vendors covered
- Market positioning of vendors
- Atlas Copco AB - Overview
- Atlas Copco AB - Business segments
- Atlas Copco AB - Key offerings
- Atlas Copco AB - Key customers
- Atlas Copco AB - Segment focus
- Baker Hughes Co. - Overview
- Baker Hughes Co. - Business segments
- Baker Hughes Co. - Key offerings
- Baker Hughes Co. - Key customers
- Baker Hughes Co. - Segment focus
- Bit Brokers International Ltd. - Overview
- Bit Brokers International Ltd. - Product and service
- Bit Brokers International Ltd. - Key offerings
- Bit Brokers International Ltd. - Key customers
- Bit Brokers International Ltd. - Segment focus
- Caterpillar Inc. - Overview
- Caterpillar Inc. - Business segments
- Caterpillar Inc. - Key offerings
- Caterpillar Inc. - Key customers
- Caterpillar Inc. - Segment focus
- Drill King International LP - Overview
- Drill King International LP - Product and service
- Drill King International LP - Key offerings
- Drill King International LP - Key customers
- Drill King International LP - Segment focus
- Drilling Products Inc. - Overview
- Drilling Products Inc. - Product and service
- Drilling Products Inc. - Key offerings
- Drilling Products Inc. - Key customers
- Drilling Products Inc. - Segment focus
- Halliburton Co. - Overview
- Halliburton Co. - Business segments
- Halliburton Co. - Key offerings
- Halliburton Co. - Key customers
- Halliburton Co. - Segment focus
- NOV Inc. - Overview
- NOV Inc. - Business segments
- NOV Inc. - Key offerings
- NOV Inc. - Key customers
- NOV Inc. - Segment focus
- Sandvik AB - Overview
- Sandvik AB - Business segments
- Sandvik AB - Key offerings
- Sandvik AB - Key customers
- Sandvik AB - Segment focus
- Ulterra Drilling Technologies L.P. - Overview
- Ulterra Drilling Technologies L.P. - Product and service
- Ulterra Drilling Technologies L.P. - Key offerings
- Ulterra Drilling Technologies L.P. - Key customers
- Ulterra Drilling Technologies L.P. - Segment focus
- Currency conversion rates for US$
- Research Methodology
- Validation techniques employed for market sizing
- Information sources
- List of abbreviations
Executive Summary
The publisher recognizes the following companies as the key players in the global drilling bits market in oil and gas industry: Atlas Copco AB, Baker Hughes Co., Bit Brokers International Ltd., Caterpillar Inc., Drill King International LP, Drilling Products Inc., Halliburton Co., NOV Inc., Sandvik AB, and Ulterra Drilling Technologies L.P.Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is focus on reduction of non-productive time (NPT).`
According to the report, one of the major drivers for this market is the migration of drilling into unconventional areas.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Atlas Copco AB
- Baker Hughes Co.
- Bit Brokers International Ltd.
- Caterpillar Inc.
- Drill King International LP
- Drilling Products Inc.
- Halliburton Co.
- NOV Inc.
- Sandvik AB
- Ulterra Drilling Technologies L.P.
