Global Oilfield Drill Bits Supply, Demand and Key Producers, 2023-2029

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Published Date: 08 Sep 2023

Category: Machinery & Equipment

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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags

Description

The global Oilfield Drill Bits market size is expected to reach $ 29720 million by 2029, rising at a market growth of 3.0% CAGR during the forecast period (2023-2029).

The high rate of fossil fuel extraction to meet the surging global energy demand has been a major factor driving the market growth over the past few years. Large-scale drilling and E&P in both onshore as well as offshore oilfields particularly in the Middle East and the U.S. in the past five years have led to the significant requirements for drill bits. Depleting conventional oil & gas wells has led E&P companies to extract hydrocarbons from unconventional reserves such as shale, CBM, and tight blocks. Hydrocarbon extraction from these unconventional reserves requires special techniques and equipment that have enhanced longevity and durability.

Oilfield drill bits are important tools used in the drilling of boreholes in the exploration of oil and gas activities. The drill bits are selected depending on the type of formation that is being drilled. Drill bits produce drill cuttings which can be removed later using drilling mud. Irrespective of type of drill bit, these bits need to suffice two main conditions that include maximizing the formations rate of penetration (ROP) while providing a long and sturdy service life.

This report studies the global Oilfield Drill Bits demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Oilfield Drill Bits, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Oilfield Drill Bits that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Oilfield Drill Bits total market, 2018-2029, (USD Million)
Global Oilfield Drill Bits total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Oilfield Drill Bits total market, key domestic companies and share, (USD Million)
Global Oilfield Drill Bits revenue by player and market share 2018-2023, (USD Million)
Global Oilfield Drill Bits total market by Type, CAGR, 2018-2029, (USD Million)
Global Oilfield Drill Bits total market by Application, CAGR, 2018-2029, (USD Million).

This reports profiles major players in the global Oilfield Drill Bits market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Baker Hughes Inc, Drill Master Inc., Schlumberger, Halliburton Inc., National Oilwell Varco Inc, Ulterra Drilling Technologies, Atlas Copco AB, Scientific Drilling International Inc and Varel International, Inc, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Oilfield Drill Bits market.

Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Oilfield Drill Bits Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Oilfield Drill Bits Market, Segmentation by Type
Roller Cone Bits
Fixed Cutter Bits

Global Oilfield Drill Bits Market, Segmentation by Application
Onshore
Offshore

Companies Profiled:
Baker Hughes Inc
Drill Master Inc.
Schlumberger
Halliburton Inc.
National Oilwell Varco Inc
Ulterra Drilling Technologies
Atlas Copco AB
Scientific Drilling International Inc
Varel International, Inc
Rockpecker
Tercel Oilfield Products Limited
Palmer Bit Co.
Rubicon Oilfield International
Century Products
Bit Brokers International
OTS International
Nile Petroleum Industrial Company
Drilformance

Key Questions Answered
1. How big is the global Oilfield Drill Bits market?
2. What is the demand of the global Oilfield Drill Bits market?
3. What is the year over year growth of the global Oilfield Drill Bits market?
4. What is the total value of the global Oilfield Drill Bits market?
5. Who are the major players in the global Oilfield Drill Bits market?

Table of Contents

1 Supply Summary
    1.1 Oilfield Drill Bits Introduction
    1.2 World Oilfield Drill Bits Market Size & Forecast (2018 & 2022 & 2029)
    1.3 World Oilfield Drill Bits Total Market by Region (by Headquarter Location)
        1.3.1 World Oilfield Drill Bits Market Size by Region (2018-2029), (by Headquarter Location)
        1.3.2 United States Oilfield Drill Bits Market Size (2018-2029)
        1.3.3 China Oilfield Drill Bits Market Size (2018-2029)
        1.3.4 Europe Oilfield Drill Bits Market Size (2018-2029)
        1.3.5 Japan Oilfield Drill Bits Market Size (2018-2029)
        1.3.6 South Korea Oilfield Drill Bits Market Size (2018-2029)
        1.3.7 ASEAN Oilfield Drill Bits Market Size (2018-2029)
        1.3.8 India Oilfield Drill Bits Market Size (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Oilfield Drill Bits Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Oilfield Drill Bits Major Market Trends

2 Demand Summary
    2.1 World Oilfield Drill Bits Consumption Value (2018-2029)
    2.2 World Oilfield Drill Bits Consumption Value by Region
        2.2.1 World Oilfield Drill Bits Consumption Value by Region (2018-2023)
        2.2.2 World Oilfield Drill Bits Consumption Value Forecast by Region (2024-2029)
    2.3 United States Oilfield Drill Bits Consumption Value (2018-2029)
    2.4 China Oilfield Drill Bits Consumption Value (2018-2029)
    2.5 Europe Oilfield Drill Bits Consumption Value (2018-2029)
    2.6 Japan Oilfield Drill Bits Consumption Value (2018-2029)
    2.7 South Korea Oilfield Drill Bits Consumption Value (2018-2029)
    2.8 ASEAN Oilfield Drill Bits Consumption Value (2018-2029)
    2.9 India Oilfield Drill Bits Consumption Value (2018-2029)

3 World Oilfield Drill Bits Companies Competitive Analysis
    3.1 World Oilfield Drill Bits Revenue by Player (2018-2023)
    3.2 Industry Rank and Concentration Rate (CR)
        3.2.1 Global Oilfield Drill Bits Industry Rank of Major Players
        3.2.2 Global Concentration Ratios (CR4) for Oilfield Drill Bits in 2022
        3.2.3 Global Concentration Ratios (CR8) for Oilfield Drill Bits in 2022
    3.3 Oilfield Drill Bits Company Evaluation Quadrant
    3.4 Oilfield Drill Bits Market: Overall Company Footprint Analysis
        3.4.1 Oilfield Drill Bits Market: Region Footprint
        3.4.2 Oilfield Drill Bits Market: Company Product Type Footprint
        3.4.3 Oilfield Drill Bits Market: Company Product Application Footprint
    3.5 Competitive Environment
        3.5.1 Historical Structure of the Industry
        3.5.2 Barriers of Market Entry
        3.5.3 Factors of Competition
    3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
    4.1 United States VS China: Oilfield Drill Bits Revenue Comparison (by Headquarter Location)
        4.1.1 United States VS China: Oilfield Drill Bits Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
        4.1.2 United States VS China: Oilfield Drill Bits Revenue Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States Based Companies VS China Based Companies: Oilfield Drill Bits Consumption Value Comparison
        4.2.1 United States VS China: Oilfield Drill Bits Consumption Value Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Oilfield Drill Bits Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States Based Oilfield Drill Bits Companies and Market Share, 2018-2023
        4.3.1 United States Based Oilfield Drill Bits Companies, Headquarters (States, Country)
        4.3.2 United States Based Companies Oilfield Drill Bits Revenue, (2018-2023)
    4.4 China Based Companies Oilfield Drill Bits Revenue and Market Share, 2018-2023
        4.4.1 China Based Oilfield Drill Bits Companies, Company Headquarters (Province, Country)
        4.4.2 China Based Companies Oilfield Drill Bits Revenue, (2018-2023)
    4.5 Rest of World Based Oilfield Drill Bits Companies and Market Share, 2018-2023
        4.5.1 Rest of World Based Oilfield Drill Bits Companies, Headquarters (States, Country)
        4.5.2 Rest of World Based Companies Oilfield Drill Bits Revenue, (2018-2023)

5 Market Analysis by Type
    5.1 World Oilfield Drill Bits Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 Roller Cone Bits
        5.2.2 Fixed Cutter Bits
    5.3 Market Segment by Type
        5.3.1 World Oilfield Drill Bits Market Size by Type (2018-2023)
        5.3.2 World Oilfield Drill Bits Market Size by Type (2024-2029)
        5.3.3 World Oilfield Drill Bits Market Size Market Share by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Oilfield Drill Bits Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Onshore
        6.2.2 Offshore
    6.3 Market Segment by Application
        6.3.1 World Oilfield Drill Bits Market Size by Application (2018-2023)
        6.3.2 World Oilfield Drill Bits Market Size by Application (2024-2029)
        6.3.3 World Oilfield Drill Bits Market Size by Application (2018-2029)

7 Company Profiles
    7.1 Baker Hughes Inc
        7.1.1 Baker Hughes Inc Details
        7.1.2 Baker Hughes Inc Major Business
        7.1.3 Baker Hughes Inc Oilfield Drill Bits Product and Services
        7.1.4 Baker Hughes Inc Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.1.5 Baker Hughes Inc Recent Developments/Updates
        7.1.6 Baker Hughes Inc Competitive Strengths & Weaknesses
    7.2 Drill Master Inc.
        7.2.1 Drill Master Inc. Details
        7.2.2 Drill Master Inc. Major Business
        7.2.3 Drill Master Inc. Oilfield Drill Bits Product and Services
        7.2.4 Drill Master Inc. Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.2.5 Drill Master Inc. Recent Developments/Updates
        7.2.6 Drill Master Inc. Competitive Strengths & Weaknesses
    7.3 Schlumberger
        7.3.1 Schlumberger Details
        7.3.2 Schlumberger Major Business
        7.3.3 Schlumberger Oilfield Drill Bits Product and Services
        7.3.4 Schlumberger Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.3.5 Schlumberger Recent Developments/Updates
        7.3.6 Schlumberger Competitive Strengths & Weaknesses
    7.4 Halliburton Inc.
        7.4.1 Halliburton Inc. Details
        7.4.2 Halliburton Inc. Major Business
        7.4.3 Halliburton Inc. Oilfield Drill Bits Product and Services
        7.4.4 Halliburton Inc. Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.4.5 Halliburton Inc. Recent Developments/Updates
        7.4.6 Halliburton Inc. Competitive Strengths & Weaknesses
    7.5 National Oilwell Varco Inc
        7.5.1 National Oilwell Varco Inc Details
        7.5.2 National Oilwell Varco Inc Major Business
        7.5.3 National Oilwell Varco Inc Oilfield Drill Bits Product and Services
        7.5.4 National Oilwell Varco Inc Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.5.5 National Oilwell Varco Inc Recent Developments/Updates
        7.5.6 National Oilwell Varco Inc Competitive Strengths & Weaknesses
    7.6 Ulterra Drilling Technologies
        7.6.1 Ulterra Drilling Technologies Details
        7.6.2 Ulterra Drilling Technologies Major Business
        7.6.3 Ulterra Drilling Technologies Oilfield Drill Bits Product and Services
        7.6.4 Ulterra Drilling Technologies Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.6.5 Ulterra Drilling Technologies Recent Developments/Updates
        7.6.6 Ulterra Drilling Technologies Competitive Strengths & Weaknesses
    7.7 Atlas Copco AB
        7.7.1 Atlas Copco AB Details
        7.7.2 Atlas Copco AB Major Business
        7.7.3 Atlas Copco AB Oilfield Drill Bits Product and Services
        7.7.4 Atlas Copco AB Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.7.5 Atlas Copco AB Recent Developments/Updates
        7.7.6 Atlas Copco AB Competitive Strengths & Weaknesses
    7.8 Scientific Drilling International Inc
        7.8.1 Scientific Drilling International Inc Details
        7.8.2 Scientific Drilling International Inc Major Business
        7.8.3 Scientific Drilling International Inc Oilfield Drill Bits Product and Services
        7.8.4 Scientific Drilling International Inc Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.8.5 Scientific Drilling International Inc Recent Developments/Updates
        7.8.6 Scientific Drilling International Inc Competitive Strengths & Weaknesses
    7.9 Varel International, Inc
        7.9.1 Varel International, Inc Details
        7.9.2 Varel International, Inc Major Business
        7.9.3 Varel International, Inc Oilfield Drill Bits Product and Services
        7.9.4 Varel International, Inc Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.9.5 Varel International, Inc Recent Developments/Updates
        7.9.6 Varel International, Inc Competitive Strengths & Weaknesses
    7.10 Rockpecker
        7.10.1 Rockpecker Details
        7.10.2 Rockpecker Major Business
        7.10.3 Rockpecker Oilfield Drill Bits Product and Services
        7.10.4 Rockpecker Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.10.5 Rockpecker Recent Developments/Updates
        7.10.6 Rockpecker Competitive Strengths & Weaknesses
    7.11 Tercel Oilfield Products Limited
        7.11.1 Tercel Oilfield Products Limited Details
        7.11.2 Tercel Oilfield Products Limited Major Business
        7.11.3 Tercel Oilfield Products Limited Oilfield Drill Bits Product and Services
        7.11.4 Tercel Oilfield Products Limited Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.11.5 Tercel Oilfield Products Limited Recent Developments/Updates
        7.11.6 Tercel Oilfield Products Limited Competitive Strengths & Weaknesses
    7.12 Palmer Bit Co.
        7.12.1 Palmer Bit Co. Details
        7.12.2 Palmer Bit Co. Major Business
        7.12.3 Palmer Bit Co. Oilfield Drill Bits Product and Services
        7.12.4 Palmer Bit Co. Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.12.5 Palmer Bit Co. Recent Developments/Updates
        7.12.6 Palmer Bit Co. Competitive Strengths & Weaknesses
    7.13 Rubicon Oilfield International
        7.13.1 Rubicon Oilfield International Details
        7.13.2 Rubicon Oilfield International Major Business
        7.13.3 Rubicon Oilfield International Oilfield Drill Bits Product and Services
        7.13.4 Rubicon Oilfield International Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.13.5 Rubicon Oilfield International Recent Developments/Updates
        7.13.6 Rubicon Oilfield International Competitive Strengths & Weaknesses
    7.14 Century Products
        7.14.1 Century Products Details
        7.14.2 Century Products Major Business
        7.14.3 Century Products Oilfield Drill Bits Product and Services
        7.14.4 Century Products Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.14.5 Century Products Recent Developments/Updates
        7.14.6 Century Products Competitive Strengths & Weaknesses
    7.15 Bit Brokers International
        7.15.1 Bit Brokers International Details
        7.15.2 Bit Brokers International Major Business
        7.15.3 Bit Brokers International Oilfield Drill Bits Product and Services
        7.15.4 Bit Brokers International Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.15.5 Bit Brokers International Recent Developments/Updates
        7.15.6 Bit Brokers International Competitive Strengths & Weaknesses
    7.16 OTS International
        7.16.1 OTS International Details
        7.16.2 OTS International Major Business
        7.16.3 OTS International Oilfield Drill Bits Product and Services
        7.16.4 OTS International Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.16.5 OTS International Recent Developments/Updates
        7.16.6 OTS International Competitive Strengths & Weaknesses
    7.17 Nile Petroleum Industrial Company
        7.17.1 Nile Petroleum Industrial Company Details
        7.17.2 Nile Petroleum Industrial Company Major Business
        7.17.3 Nile Petroleum Industrial Company Oilfield Drill Bits Product and Services
        7.17.4 Nile Petroleum Industrial Company Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.17.5 Nile Petroleum Industrial Company Recent Developments/Updates
        7.17.6 Nile Petroleum Industrial Company Competitive Strengths & Weaknesses
    7.18 Drilformance
        7.18.1 Drilformance Details
        7.18.2 Drilformance Major Business
        7.18.3 Drilformance Oilfield Drill Bits Product and Services
        7.18.4 Drilformance Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023)
        7.18.5 Drilformance Recent Developments/Updates
        7.18.6 Drilformance Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Oilfield Drill Bits Industry Chain
    8.2 Oilfield Drill Bits Upstream Analysis
    8.3 Oilfield Drill Bits Midstream Analysis
    8.4 Oilfield Drill Bits Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Oilfield Drill Bits Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
    Table 2. World Oilfield Drill Bits Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
    Table 3. World Oilfield Drill Bits Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
    Table 4. World Oilfield Drill Bits Revenue Market Share by Region (2018-2023), (by Headquarter Location)
    Table 5. World Oilfield Drill Bits Revenue Market Share by Region (2024-2029), (by Headquarter Location)
    Table 6. Major Market Trends
    Table 7. World Oilfield Drill Bits Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
    Table 8. World Oilfield Drill Bits Consumption Value by Region (2018-2023) & (USD Million)
    Table 9. World Oilfield Drill Bits Consumption Value Forecast by Region (2024-2029) & (USD Million)
    Table 10. World Oilfield Drill Bits Revenue by Player (2018-2023) & (USD Million)
    Table 11. Revenue Market Share of Key Oilfield Drill Bits Players in 2022
    Table 12. World Oilfield Drill Bits Industry Rank of Major Player, Based on Revenue in 2022
    Table 13. Global Oilfield Drill Bits Company Evaluation Quadrant
    Table 14. Head Office of Key Oilfield Drill Bits Player
    Table 15. Oilfield Drill Bits Market: Company Product Type Footprint
    Table 16. Oilfield Drill Bits Market: Company Product Application Footprint
    Table 17. Oilfield Drill Bits Mergers & Acquisitions Activity
    Table 18. United States VS China Oilfield Drill Bits Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 19. United States VS China Oilfield Drill Bits Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 20. United States Based Oilfield Drill Bits Companies, Headquarters (States, Country)
    Table 21. United States Based Companies Oilfield Drill Bits Revenue, (2018-2023) & (USD Million)
    Table 22. United States Based Companies Oilfield Drill Bits Revenue Market Share (2018-2023)
    Table 23. China Based Oilfield Drill Bits Companies, Headquarters (Province, Country)
    Table 24. China Based Companies Oilfield Drill Bits Revenue, (2018-2023) & (USD Million)
    Table 25. China Based Companies Oilfield Drill Bits Revenue Market Share (2018-2023)
    Table 26. Rest of World Based Oilfield Drill Bits Companies, Headquarters (States, Country)
    Table 27. Rest of World Based Companies Oilfield Drill Bits Revenue, (2018-2023) & (USD Million)
    Table 28. Rest of World Based Companies Oilfield Drill Bits Revenue Market Share (2018-2023)
    Table 29. World Oilfield Drill Bits Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Table 30. World Oilfield Drill Bits Market Size by Type (2018-2023) & (USD Million)
    Table 31. World Oilfield Drill Bits Market Size by Type (2024-2029) & (USD Million)
    Table 32. World Oilfield Drill Bits Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Table 33. World Oilfield Drill Bits Market Size by Application (2018-2023) & (USD Million)
    Table 34. World Oilfield Drill Bits Market Size by Application (2024-2029) & (USD Million)
    Table 35. Baker Hughes Inc Basic Information, Area Served and Competitors
    Table 36. Baker Hughes Inc Major Business
    Table 37. Baker Hughes Inc Oilfield Drill Bits Product and Services
    Table 38. Baker Hughes Inc Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 39. Baker Hughes Inc Recent Developments/Updates
    Table 40. Baker Hughes Inc Competitive Strengths & Weaknesses
    Table 41. Drill Master Inc. Basic Information, Area Served and Competitors
    Table 42. Drill Master Inc. Major Business
    Table 43. Drill Master Inc. Oilfield Drill Bits Product and Services
    Table 44. Drill Master Inc. Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 45. Drill Master Inc. Recent Developments/Updates
    Table 46. Drill Master Inc. Competitive Strengths & Weaknesses
    Table 47. Schlumberger Basic Information, Area Served and Competitors
    Table 48. Schlumberger Major Business
    Table 49. Schlumberger Oilfield Drill Bits Product and Services
    Table 50. Schlumberger Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 51. Schlumberger Recent Developments/Updates
    Table 52. Schlumberger Competitive Strengths & Weaknesses
    Table 53. Halliburton Inc. Basic Information, Area Served and Competitors
    Table 54. Halliburton Inc. Major Business
    Table 55. Halliburton Inc. Oilfield Drill Bits Product and Services
    Table 56. Halliburton Inc. Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 57. Halliburton Inc. Recent Developments/Updates
    Table 58. Halliburton Inc. Competitive Strengths & Weaknesses
    Table 59. National Oilwell Varco Inc Basic Information, Area Served and Competitors
    Table 60. National Oilwell Varco Inc Major Business
    Table 61. National Oilwell Varco Inc Oilfield Drill Bits Product and Services
    Table 62. National Oilwell Varco Inc Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 63. National Oilwell Varco Inc Recent Developments/Updates
    Table 64. National Oilwell Varco Inc Competitive Strengths & Weaknesses
    Table 65. Ulterra Drilling Technologies Basic Information, Area Served and Competitors
    Table 66. Ulterra Drilling Technologies Major Business
    Table 67. Ulterra Drilling Technologies Oilfield Drill Bits Product and Services
    Table 68. Ulterra Drilling Technologies Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 69. Ulterra Drilling Technologies Recent Developments/Updates
    Table 70. Ulterra Drilling Technologies Competitive Strengths & Weaknesses
    Table 71. Atlas Copco AB Basic Information, Area Served and Competitors
    Table 72. Atlas Copco AB Major Business
    Table 73. Atlas Copco AB Oilfield Drill Bits Product and Services
    Table 74. Atlas Copco AB Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 75. Atlas Copco AB Recent Developments/Updates
    Table 76. Atlas Copco AB Competitive Strengths & Weaknesses
    Table 77. Scientific Drilling International Inc Basic Information, Area Served and Competitors
    Table 78. Scientific Drilling International Inc Major Business
    Table 79. Scientific Drilling International Inc Oilfield Drill Bits Product and Services
    Table 80. Scientific Drilling International Inc Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 81. Scientific Drilling International Inc Recent Developments/Updates
    Table 82. Scientific Drilling International Inc Competitive Strengths & Weaknesses
    Table 83. Varel International, Inc Basic Information, Area Served and Competitors
    Table 84. Varel International, Inc Major Business
    Table 85. Varel International, Inc Oilfield Drill Bits Product and Services
    Table 86. Varel International, Inc Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 87. Varel International, Inc Recent Developments/Updates
    Table 88. Varel International, Inc Competitive Strengths & Weaknesses
    Table 89. Rockpecker Basic Information, Area Served and Competitors
    Table 90. Rockpecker Major Business
    Table 91. Rockpecker Oilfield Drill Bits Product and Services
    Table 92. Rockpecker Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 93. Rockpecker Recent Developments/Updates
    Table 94. Rockpecker Competitive Strengths & Weaknesses
    Table 95. Tercel Oilfield Products Limited Basic Information, Area Served and Competitors
    Table 96. Tercel Oilfield Products Limited Major Business
    Table 97. Tercel Oilfield Products Limited Oilfield Drill Bits Product and Services
    Table 98. Tercel Oilfield Products Limited Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 99. Tercel Oilfield Products Limited Recent Developments/Updates
    Table 100. Tercel Oilfield Products Limited Competitive Strengths & Weaknesses
    Table 101. Palmer Bit Co. Basic Information, Area Served and Competitors
    Table 102. Palmer Bit Co. Major Business
    Table 103. Palmer Bit Co. Oilfield Drill Bits Product and Services
    Table 104. Palmer Bit Co. Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 105. Palmer Bit Co. Recent Developments/Updates
    Table 106. Palmer Bit Co. Competitive Strengths & Weaknesses
    Table 107. Rubicon Oilfield International Basic Information, Area Served and Competitors
    Table 108. Rubicon Oilfield International Major Business
    Table 109. Rubicon Oilfield International Oilfield Drill Bits Product and Services
    Table 110. Rubicon Oilfield International Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 111. Rubicon Oilfield International Recent Developments/Updates
    Table 112. Rubicon Oilfield International Competitive Strengths & Weaknesses
    Table 113. Century Products Basic Information, Area Served and Competitors
    Table 114. Century Products Major Business
    Table 115. Century Products Oilfield Drill Bits Product and Services
    Table 116. Century Products Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 117. Century Products Recent Developments/Updates
    Table 118. Century Products Competitive Strengths & Weaknesses
    Table 119. Bit Brokers International Basic Information, Area Served and Competitors
    Table 120. Bit Brokers International Major Business
    Table 121. Bit Brokers International Oilfield Drill Bits Product and Services
    Table 122. Bit Brokers International Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 123. Bit Brokers International Recent Developments/Updates
    Table 124. Bit Brokers International Competitive Strengths & Weaknesses
    Table 125. OTS International Basic Information, Area Served and Competitors
    Table 126. OTS International Major Business
    Table 127. OTS International Oilfield Drill Bits Product and Services
    Table 128. OTS International Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 129. OTS International Recent Developments/Updates
    Table 130. OTS International Competitive Strengths & Weaknesses
    Table 131. Nile Petroleum Industrial Company Basic Information, Area Served and Competitors
    Table 132. Nile Petroleum Industrial Company Major Business
    Table 133. Nile Petroleum Industrial Company Oilfield Drill Bits Product and Services
    Table 134. Nile Petroleum Industrial Company Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 135. Nile Petroleum Industrial Company Recent Developments/Updates
    Table 136. Drilformance Basic Information, Area Served and Competitors
    Table 137. Drilformance Major Business
    Table 138. Drilformance Oilfield Drill Bits Product and Services
    Table 139. Drilformance Oilfield Drill Bits Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 140. Global Key Players of Oilfield Drill Bits Upstream (Raw Materials)
    Table 141. Oilfield Drill Bits Typical Customers
List of Figure
    Figure 1. Oilfield Drill Bits Picture
    Figure 2. World Oilfield Drill Bits Total Market Size: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Oilfield Drill Bits Total Market Size (2018-2029) & (USD Million)
    Figure 4. World Oilfield Drill Bits Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
    Figure 5. World Oilfield Drill Bits Revenue Market Share by Region (2018-2029), (by Headquarter Location)
    Figure 6. United States Based Company Oilfield Drill Bits Revenue (2018-2029) & (USD Million)
    Figure 7. China Based Company Oilfield Drill Bits Revenue (2018-2029) & (USD Million)
    Figure 8. Europe Based Company Oilfield Drill Bits Revenue (2018-2029) & (USD Million)
    Figure 9. Japan Based Company Oilfield Drill Bits Revenue (2018-2029) & (USD Million)
    Figure 10. South Korea Based Company Oilfield Drill Bits Revenue (2018-2029) & (USD Million)
    Figure 11. ASEAN Based Company Oilfield Drill Bits Revenue (2018-2029) & (USD Million)
    Figure 12. India Based Company Oilfield Drill Bits Revenue (2018-2029) & (USD Million)
    Figure 13. Oilfield Drill Bits Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Oilfield Drill Bits Consumption Value (2018-2029) & (USD Million)
    Figure 16. World Oilfield Drill Bits Consumption Value Market Share by Region (2018-2029)
    Figure 17. United States Oilfield Drill Bits Consumption Value (2018-2029) & (USD Million)
    Figure 18. China Oilfield Drill Bits Consumption Value (2018-2029) & (USD Million)
    Figure 19. Europe Oilfield Drill Bits Consumption Value (2018-2029) & (USD Million)
    Figure 20. Japan Oilfield Drill Bits Consumption Value (2018-2029) & (USD Million)
    Figure 21. South Korea Oilfield Drill Bits Consumption Value (2018-2029) & (USD Million)
    Figure 22. ASEAN Oilfield Drill Bits Consumption Value (2018-2029) & (USD Million)
    Figure 23. India Oilfield Drill Bits Consumption Value (2018-2029) & (USD Million)
    Figure 24. Producer Shipments of Oilfield Drill Bits by Player Revenue ($MM) and Market Share (%): 2022
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Oilfield Drill Bits Markets in 2022
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Oilfield Drill Bits Markets in 2022
    Figure 27. United States VS China: Oilfield Drill Bits Revenue Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Oilfield Drill Bits Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. World Oilfield Drill Bits Market Size by Type, (USD Million), 2018 & 2022 & 2029
    Figure 30. World Oilfield Drill Bits Market Size Market Share by Type in 2022
    Figure 31. Roller Cone Bits
    Figure 32. Fixed Cutter Bits
    Figure 33. World Oilfield Drill Bits Market Size Market Share by Type (2018-2029)
    Figure 34. World Oilfield Drill Bits Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Figure 35. World Oilfield Drill Bits Market Size Market Share by Application in 2022
    Figure 36. Onshore
    Figure 37. Offshore
    Figure 38. Oilfield Drill Bits Industrial Chain
    Figure 39. Methodology
    Figure 40. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

Companies Mentioned

Baker Hughes Inc
Drill Master Inc.
Schlumberger
Halliburton Inc.
National Oilwell Varco Inc
Ulterra Drilling Technologies
Atlas Copco AB
Scientific Drilling International Inc
Varel International, Inc
Rockpecker
Tercel Oilfield Products Limited
Palmer Bit Co.
Rubicon Oilfield International
Century Products
Bit Brokers International
OTS International
Nile Petroleum Industrial Company
Drilformance

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Product Tags

oilfield drill bits

Atmosphere Heat Treatment Furnace

Electrical Wiring Equipment

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