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Oil and Gas Drill Bit-Global Market Insights and Sales Trends 2024

Oil and Gas Drill Bit-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1849217

No of Pages : 116

Synopsis
In the oil and gas industry, a drill bit is a tool designed to produce a generally cylindrical hole (wellbore) in the earth’s crust by the rotary drilling method for the discovery and extraction of hydrocarbons such as crude oil and natural gas. This type of tool is alternately referred to as a rock bit, or simply a bit. The hole diameter produced by drill bits is quite small, from about 3.5 inches (8.9 cm) to 30 inches (76 cm), compared to the depth of the hole, which can range from 1,000 feet (300 m) to more than 30,000 feet (9,100 m). Subsurface formations are broken apart mechanically by cutting elements of the bit by scraping, grinding or localized compressive fracturing. The cuttings produced by the bit are most typically removed from the wellbore and continuously returned to the surface by the method of direct circulation.
The global Oil and Gas Drill Bit market size is expected to reach US$ 5003.1 million by 2029, growing at a CAGR of 8.0% from 2023 to 2029. The market is mainly driven by the significant applications of Oil and Gas Drill Bit in various end use industries. The expanding demands from the Offshore and Onshore, are propelling Oil and Gas Drill Bit market. Fixed Cutter 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 Roller Cone Bits segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Oil and Gas Drill Bit market, driven by demand from China, the second largest economy with some signs of stabilising, the Oil and Gas Drill Bit market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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 Oil and Gas Drill Bit, 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 Oil and Gas Drill Bit 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 Oil and Gas Drill Bit market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Oil and Gas Drill Bit 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 Oil and Gas Drill Bit covered in this report include Schlumberger, Baker Hughes, Halliburton, National Oilwell Varco, Varel International, Drilformance, Sinopec Oilfield Equipment Corporation, Ulterra and Epiroc, etc.
The global Oil and Gas Drill Bit market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schlumberger
Baker Hughes
Halliburton
National Oilwell Varco
Varel International
Drilformance
Sinopec Oilfield Equipment Corporation
Ulterra
Epiroc
Rubicon
Palmer Bit Company
C&H Bit
Torquato Drilling Accessories
Rockpecker Limited
MICON-Drilling
Western Drilling Tools Inc
Shear bits
Volgaburmash
Global Oil and Gas Drill Bit 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 Oil and Gas Drill Bit market, Segment by Type:
Fixed Cutter Bits
Roller Cone Bits
Global Oil and Gas Drill Bit market, by Application
Offshore
Onshore
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 Oil and Gas Drill Bit manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Oil and Gas Drill Bit 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.
Index
1 Oil and Gas Drill Bit Market Overview
1.1 Oil and Gas Drill Bit Product Overview
1.2 Oil and Gas Drill Bit Market Segment by Type
1.2.1 Fixed Cutter Bits
1.2.2 Roller Cone Bits
1.3 Global Oil and Gas Drill Bit Market Size by Type
1.3.1 Global Oil and Gas Drill Bit Market Size Overview by Type (2018-2029)
1.3.2 Global Oil and Gas Drill Bit Historic Market Size Review by Type (2018-2023)
1.3.3 Global Oil and Gas Drill Bit Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Oil and Gas Drill Bit Sales Breakdown by Type (2018-2023)
1.4.2 Europe Oil and Gas Drill Bit Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Oil and Gas Drill Bit Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Oil and Gas Drill Bit Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Oil and Gas Drill Bit Sales Breakdown by Type (2018-2023)
2 Global Oil and Gas Drill Bit Market Competition by Company
2.1 Global Top Players by Oil and Gas Drill Bit Sales (2018-2023)
2.2 Global Top Players by Oil and Gas Drill Bit Revenue (2018-2023)
2.3 Global Top Players by Oil and Gas Drill Bit Price (2018-2023)
2.4 Global Top Manufacturers Oil and Gas Drill Bit Manufacturing Base Distribution, Sales Area, Product Type
2.5 Oil and Gas Drill Bit Market Competitive Situation and Trends
2.5.1 Oil and Gas Drill Bit Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Oil and Gas Drill Bit 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 Oil and Gas Drill Bit as of 2022)
2.7 Date of Key Manufacturers Enter into Oil and Gas Drill Bit Market
2.8 Key Manufacturers Oil and Gas Drill Bit Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Oil and Gas Drill Bit Status and Outlook by Region
3.1 Global Oil and Gas Drill Bit Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Oil and Gas Drill Bit Historic Market Size by Region
3.2.1 Global Oil and Gas Drill Bit Sales in Volume by Region (2018-2023)
3.2.2 Global Oil and Gas Drill Bit Sales in Value by Region (2018-2023)
3.2.3 Global Oil and Gas Drill Bit Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Oil and Gas Drill Bit Forecasted Market Size by Region
3.3.1 Global Oil and Gas Drill Bit Sales in Volume by Region (2024-2029)
3.3.2 Global Oil and Gas Drill Bit Sales in Value by Region (2024-2029)
3.3.3 Global Oil and Gas Drill Bit Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Oil and Gas Drill Bit by Application
4.1 Oil and Gas Drill Bit Market Segment by Application
4.1.1 Offshore
4.1.2 Onshore
4.2 Global Oil and Gas Drill Bit Market Size by Application
4.2.1 Global Oil and Gas Drill Bit Market Size Overview by Application (2018-2029)
4.2.2 Global Oil and Gas Drill Bit Historic Market Size Review by Application (2018-2023)
4.2.3 Global Oil and Gas Drill Bit Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Oil and Gas Drill Bit Sales Breakdown by Application (2018-2023)
4.3.2 Europe Oil and Gas Drill Bit Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Oil and Gas Drill Bit Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Oil and Gas Drill Bit Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Oil and Gas Drill Bit Sales Breakdown by Application (2018-2023)
5 North America Oil and Gas Drill Bit by Country
5.1 North America Oil and Gas Drill Bit Historic Market Size by Country
5.1.1 North America Oil and Gas Drill Bit Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Oil and Gas Drill Bit Sales in Volume by Country (2018-2023)
5.1.3 North America Oil and Gas Drill Bit Sales in Value by Country (2018-2023)
5.2 North America Oil and Gas Drill Bit Forecasted Market Size by Country
5.2.1 North America Oil and Gas Drill Bit Sales in Volume by Country (2024-2029)
5.2.2 North America Oil and Gas Drill Bit Sales in Value by Country (2024-2029)
6 Europe Oil and Gas Drill Bit by Country
6.1 Europe Oil and Gas Drill Bit Historic Market Size by Country
6.1.1 Europe Oil and Gas Drill Bit Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Oil and Gas Drill Bit Sales in Volume by Country (2018-2023)
6.1.3 Europe Oil and Gas Drill Bit Sales in Value by Country (2018-2023)
6.2 Europe Oil and Gas Drill Bit Forecasted Market Size by Country
6.2.1 Europe Oil and Gas Drill Bit Sales in Volume by Country (2024-2029)
6.2.2 Europe Oil and Gas Drill Bit Sales in Value by Country (2024-2029)
7 Asia-Pacific Oil and Gas Drill Bit by Region
7.1 Asia-Pacific Oil and Gas Drill Bit Historic Market Size by Region
7.1.1 Asia-Pacific Oil and Gas Drill Bit Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Oil and Gas Drill Bit Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Oil and Gas Drill Bit Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Oil and Gas Drill Bit Forecasted Market Size by Region
7.2.1 Asia-Pacific Oil and Gas Drill Bit Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Oil and Gas Drill Bit Sales in Value by Region (2024-2029)
8 Latin America Oil and Gas Drill Bit by Country
8.1 Latin America Oil and Gas Drill Bit Historic Market Size by Country
8.1.1 Latin America Oil and Gas Drill Bit Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Oil and Gas Drill Bit Sales in Volume by Country (2018-2023)
8.1.3 Latin America Oil and Gas Drill Bit Sales in Value by Country (2018-2023)
8.2 Latin America Oil and Gas Drill Bit Forecasted Market Size by Country
8.2.1 Latin America Oil and Gas Drill Bit Sales in Volume by Country (2024-2029)
8.2.2 Latin America Oil and Gas Drill Bit Sales in Value by Country (2024-2029)
9 Middle East and Africa Oil and Gas Drill Bit by Country
9.1 Middle East and Africa Oil and Gas Drill Bit Historic Market Size by Country
9.1.1 Middle East and Africa Oil and Gas Drill Bit Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Oil and Gas Drill Bit Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Oil and Gas Drill Bit Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Oil and Gas Drill Bit Forecasted Market Size by Country
9.2.1 Middle East and Africa Oil and Gas Drill Bit Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Oil and Gas Drill Bit Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Schlumberger
10.1.1 Schlumberger Company Information
10.1.2 Schlumberger Introduction and Business Overview
10.1.3 Schlumberger Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Schlumberger Oil and Gas Drill Bit Products Offered
10.1.5 Schlumberger Recent Development
10.2 Baker Hughes
10.2.1 Baker Hughes Company Information
10.2.2 Baker Hughes Introduction and Business Overview
10.2.3 Baker Hughes Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Baker Hughes Oil and Gas Drill Bit Products Offered
10.2.5 Baker Hughes Recent Development
10.3 Halliburton
10.3.1 Halliburton Company Information
10.3.2 Halliburton Introduction and Business Overview
10.3.3 Halliburton Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Halliburton Oil and Gas Drill Bit Products Offered
10.3.5 Halliburton Recent Development
10.4 National Oilwell Varco
10.4.1 National Oilwell Varco Company Information
10.4.2 National Oilwell Varco Introduction and Business Overview
10.4.3 National Oilwell Varco Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.4.4 National Oilwell Varco Oil and Gas Drill Bit Products Offered
10.4.5 National Oilwell Varco Recent Development
10.5 Varel International
10.5.1 Varel International Company Information
10.5.2 Varel International Introduction and Business Overview
10.5.3 Varel International Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Varel International Oil and Gas Drill Bit Products Offered
10.5.5 Varel International Recent Development
10.6 Drilformance
10.6.1 Drilformance Company Information
10.6.2 Drilformance Introduction and Business Overview
10.6.3 Drilformance Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Drilformance Oil and Gas Drill Bit Products Offered
10.6.5 Drilformance Recent Development
10.7 Sinopec Oilfield Equipment Corporation
10.7.1 Sinopec Oilfield Equipment Corporation Company Information
10.7.2 Sinopec Oilfield Equipment Corporation Introduction and Business Overview
10.7.3 Sinopec Oilfield Equipment Corporation Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sinopec Oilfield Equipment Corporation Oil and Gas Drill Bit Products Offered
10.7.5 Sinopec Oilfield Equipment Corporation Recent Development
10.8 Ulterra
10.8.1 Ulterra Company Information
10.8.2 Ulterra Introduction and Business Overview
10.8.3 Ulterra Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Ulterra Oil and Gas Drill Bit Products Offered
10.8.5 Ulterra Recent Development
10.9 Epiroc
10.9.1 Epiroc Company Information
10.9.2 Epiroc Introduction and Business Overview
10.9.3 Epiroc Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Epiroc Oil and Gas Drill Bit Products Offered
10.9.5 Epiroc Recent Development
10.10 Rubicon
10.10.1 Rubicon Company Information
10.10.2 Rubicon Introduction and Business Overview
10.10.3 Rubicon Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Rubicon Oil and Gas Drill Bit Products Offered
10.10.5 Rubicon Recent Development
10.11 Palmer Bit Company
10.11.1 Palmer Bit Company Company Information
10.11.2 Palmer Bit Company Introduction and Business Overview
10.11.3 Palmer Bit Company Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Palmer Bit Company Oil and Gas Drill Bit Products Offered
10.11.5 Palmer Bit Company Recent Development
10.12 C&H Bit
10.12.1 C&H Bit Company Information
10.12.2 C&H Bit Introduction and Business Overview
10.12.3 C&H Bit Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.12.4 C&H Bit Oil and Gas Drill Bit Products Offered
10.12.5 C&H Bit Recent Development
10.13 Torquato Drilling Accessories
10.13.1 Torquato Drilling Accessories Company Information
10.13.2 Torquato Drilling Accessories Introduction and Business Overview
10.13.3 Torquato Drilling Accessories Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Torquato Drilling Accessories Oil and Gas Drill Bit Products Offered
10.13.5 Torquato Drilling Accessories Recent Development
10.14 Rockpecker Limited
10.14.1 Rockpecker Limited Company Information
10.14.2 Rockpecker Limited Introduction and Business Overview
10.14.3 Rockpecker Limited Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Rockpecker Limited Oil and Gas Drill Bit Products Offered
10.14.5 Rockpecker Limited Recent Development
10.15 MICON-Drilling
10.15.1 MICON-Drilling Company Information
10.15.2 MICON-Drilling Introduction and Business Overview
10.15.3 MICON-Drilling Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.15.4 MICON-Drilling Oil and Gas Drill Bit Products Offered
10.15.5 MICON-Drilling Recent Development
10.16 Western Drilling Tools Inc
10.16.1 Western Drilling Tools Inc Company Information
10.16.2 Western Drilling Tools Inc Introduction and Business Overview
10.16.3 Western Drilling Tools Inc Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Western Drilling Tools Inc Oil and Gas Drill Bit Products Offered
10.16.5 Western Drilling Tools Inc Recent Development
10.17 Shear bits
10.17.1 Shear bits Company Information
10.17.2 Shear bits Introduction and Business Overview
10.17.3 Shear bits Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Shear bits Oil and Gas Drill Bit Products Offered
10.17.5 Shear bits Recent Development
10.18 Volgaburmash
10.18.1 Volgaburmash Company Information
10.18.2 Volgaburmash Introduction and Business Overview
10.18.3 Volgaburmash Oil and Gas Drill Bit Sales, Revenue and Gross Margin (2018-2023)
10.18.4 Volgaburmash Oil and Gas Drill Bit Products Offered
10.18.5 Volgaburmash Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Oil and Gas Drill Bit 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 Oil and Gas Drill Bit Industrial Chain Analysis
11.4 Oil and Gas Drill Bit Market Dynamics
11.4.1 Oil and Gas Drill Bit Industry Trends
11.4.2 Oil and Gas Drill Bit Market Drivers
11.4.3 Oil and Gas Drill Bit Market Challenges
11.4.4 Oil and Gas Drill Bit Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Oil and Gas Drill Bit Distributors
12.3 Oil and Gas Drill Bit 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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