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Boring Tools-Global Market Insights and Sales Trends 2024
Synopsis
In machining, boring is the process of enlarging a hole that has already been drilled (or cast) by means of a single-point cutting tool (or of a boring head containing several such tools), such as in boring a gun barrel or an engine cylinder. Boring is used to achieve greater accuracy of the diameter of a hole, and can be used to cut a tapered hole. Boring can be viewed as the internal-diameter counterpart to turning, which cuts external diameters.
The global Boring Tools market size is expected to reach US$ 5000.3 million by 2029, growing at a CAGR of 5.1% from 2023 to 2029. The market is mainly driven by the significant applications of Boring Tools in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Boring Tools market. Drill Bits, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Drilling Tubulars segment is estimated at % CAGR for the next seven-year period.
Onshore segment is expected to be the largest market for drilling tools, by application, in 2017. Approximately 70% of the total oil and gas production in the world takes places at onshore fields. These fields are easier to operate from an exploration perspective and require less capital investment as compared to offshore fields. Formations in onshore wells are more stable during the drilling process than those in offshore. Market demand for drilling tools from onshore segment is also the fastest-growing. US and China with vast onshore reserves present ample market opportunities in this onshore segment.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Boring Tools, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Boring Tools market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Boring Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Boring Tools sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Boring Tools covered in this report include BIG KAISER, Kennametal, NACHI-FUJIKOSHI, OSG and Sandvik, etc.
The global Boring Tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BIG KAISER
Kennametal
NACHI-FUJIKOSHI
OSG
Sandvik
Global Boring Tools market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Boring Tools market, Segment by Type:
Drill Bits
Drilling Tubulars
Drilling Motors
Drill Reamers and Stabilizers
Drill Collars
Drill Jars
Drill Swivels
Mechanical Thrusters
Global Boring Tools market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Boring Tools manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Boring Tools in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
In machining, boring is the process of enlarging a hole that has already been drilled (or cast) by means of a single-point cutting tool (or of a boring head containing several such tools), such as in boring a gun barrel or an engine cylinder. Boring is used to achieve greater accuracy of the diameter of a hole, and can be used to cut a tapered hole. Boring can be viewed as the internal-diameter counterpart to turning, which cuts external diameters.
The global Boring Tools market size is expected to reach US$ 5000.3 million by 2029, growing at a CAGR of 5.1% from 2023 to 2029. The market is mainly driven by the significant applications of Boring Tools in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Boring Tools market. Drill Bits, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Drilling Tubulars segment is estimated at % CAGR for the next seven-year period.
Onshore segment is expected to be the largest market for drilling tools, by application, in 2017. Approximately 70% of the total oil and gas production in the world takes places at onshore fields. These fields are easier to operate from an exploration perspective and require less capital investment as compared to offshore fields. Formations in onshore wells are more stable during the drilling process than those in offshore. Market demand for drilling tools from onshore segment is also the fastest-growing. US and China with vast onshore reserves present ample market opportunities in this onshore segment.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Boring Tools, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Boring Tools market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Boring Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Boring Tools sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Boring Tools covered in this report include BIG KAISER, Kennametal, NACHI-FUJIKOSHI, OSG and Sandvik, etc.
The global Boring Tools market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BIG KAISER
Kennametal
NACHI-FUJIKOSHI
OSG
Sandvik
Global Boring Tools market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Boring Tools market, Segment by Type:
Drill Bits
Drilling Tubulars
Drilling Motors
Drill Reamers and Stabilizers
Drill Collars
Drill Jars
Drill Swivels
Mechanical Thrusters
Global Boring Tools market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Boring Tools manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Boring Tools in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Boring Tools Market Overview
1.1 Boring Tools Product Overview
1.2 Boring Tools Market Segment by Type
1.2.1 Drill Bits
1.2.2 Drilling Tubulars
1.2.3 Drilling Motors
1.2.4 Drill Reamers and Stabilizers
1.2.5 Drill Collars
1.2.6 Drill Jars
1.2.7 Drill Swivels
1.2.8 Mechanical Thrusters
1.3 Global Boring Tools Market Size by Type
1.3.1 Global Boring Tools Market Size Overview by Type (2018-2029)
1.3.2 Global Boring Tools Historic Market Size Review by Type (2018-2023)
1.3.3 Global Boring Tools Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Boring Tools Sales Breakdown by Type (2018-2023)
1.4.2 Europe Boring Tools Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Boring Tools Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Boring Tools Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Boring Tools Sales Breakdown by Type (2018-2023)
2 Global Boring Tools Market Competition by Company
2.1 Global Top Players by Boring Tools Sales (2018-2023)
2.2 Global Top Players by Boring Tools Revenue (2018-2023)
2.3 Global Top Players by Boring Tools Price (2018-2023)
2.4 Global Top Manufacturers Boring Tools Manufacturing Base Distribution, Sales Area, Product Type
2.5 Boring Tools Market Competitive Situation and Trends
2.5.1 Boring Tools Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Boring Tools Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Boring Tools as of 2022)
2.7 Date of Key Manufacturers Enter into Boring Tools Market
2.8 Key Manufacturers Boring Tools Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Boring Tools Status and Outlook by Region
3.1 Global Boring Tools Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Boring Tools Historic Market Size by Region
3.2.1 Global Boring Tools Sales in Volume by Region (2018-2023)
3.2.2 Global Boring Tools Sales in Value by Region (2018-2023)
3.2.3 Global Boring Tools Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Boring Tools Forecasted Market Size by Region
3.3.1 Global Boring Tools Sales in Volume by Region (2024-2029)
3.3.2 Global Boring Tools Sales in Value by Region (2024-2029)
3.3.3 Global Boring Tools Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Boring Tools by Application
4.1 Boring Tools Market Segment by Application
4.1.1 Onshore
4.1.2 Offshore
4.2 Global Boring Tools Market Size by Application
4.2.1 Global Boring Tools Market Size Overview by Application (2018-2029)
4.2.2 Global Boring Tools Historic Market Size Review by Application (2018-2023)
4.2.3 Global Boring Tools Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Boring Tools Sales Breakdown by Application (2018-2023)
4.3.2 Europe Boring Tools Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Boring Tools Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Boring Tools Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Boring Tools Sales Breakdown by Application (2018-2023)
5 North America Boring Tools by Country
5.1 North America Boring Tools Historic Market Size by Country
5.1.1 North America Boring Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Boring Tools Sales in Volume by Country (2018-2023)
5.1.3 North America Boring Tools Sales in Value by Country (2018-2023)
5.2 North America Boring Tools Forecasted Market Size by Country
5.2.1 North America Boring Tools Sales in Volume by Country (2024-2029)
5.2.2 North America Boring Tools Sales in Value by Country (2024-2029)
6 Europe Boring Tools by Country
6.1 Europe Boring Tools Historic Market Size by Country
6.1.1 Europe Boring Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Boring Tools Sales in Volume by Country (2018-2023)
6.1.3 Europe Boring Tools Sales in Value by Country (2018-2023)
6.2 Europe Boring Tools Forecasted Market Size by Country
6.2.1 Europe Boring Tools Sales in Volume by Country (2024-2029)
6.2.2 Europe Boring Tools Sales in Value by Country (2024-2029)
7 Asia-Pacific Boring Tools by Region
7.1 Asia-Pacific Boring Tools Historic Market Size by Region
7.1.1 Asia-Pacific Boring Tools Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Boring Tools Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Boring Tools Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Boring Tools Forecasted Market Size by Region
7.2.1 Asia-Pacific Boring Tools Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Boring Tools Sales in Value by Region (2024-2029)
8 Latin America Boring Tools by Country
8.1 Latin America Boring Tools Historic Market Size by Country
8.1.1 Latin America Boring Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Boring Tools Sales in Volume by Country (2018-2023)
8.1.3 Latin America Boring Tools Sales in Value by Country (2018-2023)
8.2 Latin America Boring Tools Forecasted Market Size by Country
8.2.1 Latin America Boring Tools Sales in Volume by Country (2024-2029)
8.2.2 Latin America Boring Tools Sales in Value by Country (2024-2029)
9 Middle East and Africa Boring Tools by Country
9.1 Middle East and Africa Boring Tools Historic Market Size by Country
9.1.1 Middle East and Africa Boring Tools Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Boring Tools Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Boring Tools Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Boring Tools Forecasted Market Size by Country
9.2.1 Middle East and Africa Boring Tools Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Boring Tools Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BIG KAISER
10.1.1 BIG KAISER Company Information
10.1.2 BIG KAISER Introduction and Business Overview
10.1.3 BIG KAISER Boring Tools Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BIG KAISER Boring Tools Products Offered
10.1.5 BIG KAISER Recent Development
10.2 Kennametal
10.2.1 Kennametal Company Information
10.2.2 Kennametal Introduction and Business Overview
10.2.3 Kennametal Boring Tools Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Kennametal Boring Tools Products Offered
10.2.5 Kennametal Recent Development
10.3 NACHI-FUJIKOSHI
10.3.1 NACHI-FUJIKOSHI Company Information
10.3.2 NACHI-FUJIKOSHI Introduction and Business Overview
10.3.3 NACHI-FUJIKOSHI Boring Tools Sales, Revenue and Gross Margin (2018-2023)
10.3.4 NACHI-FUJIKOSHI Boring Tools Products Offered
10.3.5 NACHI-FUJIKOSHI Recent Development
10.4 OSG
10.4.1 OSG Company Information
10.4.2 OSG Introduction and Business Overview
10.4.3 OSG Boring Tools Sales, Revenue and Gross Margin (2018-2023)
10.4.4 OSG Boring Tools Products Offered
10.4.5 OSG Recent Development
10.5 Sandvik
10.5.1 Sandvik Company Information
10.5.2 Sandvik Introduction and Business Overview
10.5.3 Sandvik Boring Tools Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sandvik Boring Tools Products Offered
10.5.5 Sandvik Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Boring Tools Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Boring Tools Industrial Chain Analysis
11.4 Boring Tools Market Dynamics
11.4.1 Boring Tools Industry Trends
11.4.2 Boring Tools Market Drivers
11.4.3 Boring Tools Market Challenges
11.4.4 Boring Tools Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Boring Tools Distributors
12.3 Boring Tools Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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