Global Drill Bits (Oil and Gas) Supply, Demand and Key Producers, 2023-2029

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Published Date: 08 Feb 2023

Category: Machinery & Equipment

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

Description

A oil and gas drill bit is a tool used in the oil and gas industry which is 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 report studies the global Drill Bits (Oil and Gas) production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Drill Bits (Oil and Gas), 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 Drill Bits (Oil and Gas) that contribute to its increasing demand across many markets.

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

Highlights and key features of the study
Global Drill Bits (Oil and Gas) total production and demand, 2018-2029, (K Units)
Global Drill Bits (Oil and Gas) total production value, 2018-2029, (USD Million)
Global Drill Bits (Oil and Gas) production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (K Units)
Global Drill Bits (Oil and Gas) consumption by region & country, CAGR, 2018-2029 & (K Units)
U.S. VS China: Drill Bits (Oil and Gas) domestic production, consumption, key domestic manufacturers and share
Global Drill Bits (Oil and Gas) production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (K Units)
Global Drill Bits (Oil and Gas) production by Type, production, value, CAGR, 2018-2029, (USD Million) & (K Units)
Global Drill Bits (Oil and Gas) production by Application production, value, CAGR, 2018-2029, (USD Million) & (K Units)
This reports profiles key players in the global Drill Bits (Oil and Gas) market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Schlumberger, Baker Hughes, Halliburton, National Oilwell Varco, Varel International, Drilformance and Sinopec Oilfield Equipment Corporation, 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 Drill Bits (Oil and Gas) market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (USD/Unit) by manufacturer, 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 Drill Bits (Oil and Gas) Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Drill Bits (Oil and Gas) Market, Segmentation by Type
    Fixed Cutter Bits
    Roller Cone Bits

Global Drill Bits (Oil and Gas) Market, Segmentation by Application
    Offshore
    Onshore

Companies Profiled:
    Schlumberger
    Baker Hughes
    Halliburton
    National Oilwell Varco
    Varel International
    Drilformance
    Sinopec Oilfield Equipment Corporation

Key Questions Answered
1. How big is the global Drill Bits (Oil and Gas) market?
2. What is the demand of the global Drill Bits (Oil and Gas) market?
3. What is the year over year growth of the global Drill Bits (Oil and Gas) market?
4. What is the production and production value of the global Drill Bits (Oil and Gas) market?
5. Who are the key producers in the global Drill Bits (Oil and Gas) market?
6. What are the growth factors driving the market demand?

Table of Contents

1 Supply Summary
    1.1 Drill Bits (Oil and Gas) Introduction
    1.2 World Drill Bits (Oil and Gas) Supply & Forecast
        1.2.1 World Drill Bits (Oil and Gas) Production Value (2018 & 2022 & 2029)
        1.2.2 World Drill Bits (Oil and Gas) Production (2018-2029)
        1.2.3 World Drill Bits (Oil and Gas) Pricing Trends (2018-2029)
    1.3 World Drill Bits (Oil and Gas) Production by Region (Based on Production Site)
        1.3.1 World Drill Bits (Oil and Gas) Production Value by Region (2018-2029)
        1.3.2 World Drill Bits (Oil and Gas) Production by Region (2018-2029)
        1.3.3 World Drill Bits (Oil and Gas) Average Price by Region (2018-2029)
        1.3.4 North America Drill Bits (Oil and Gas) Production (2018-2029)
        1.3.5 Europe Drill Bits (Oil and Gas) Production (2018-2029)
        1.3.6 China Drill Bits (Oil and Gas) Production (2018-2029)
        1.3.7 Japan Drill Bits (Oil and Gas) Production (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Drill Bits (Oil and Gas) Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Drill Bits (Oil and Gas) Major Market Trends
    1.5 Influence of COVID-19 and Russia-Ukraine War
        1.5.1 Influence of COVID-19
        1.5.2 Influence of Russia-Ukraine War

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

3 World Drill Bits (Oil and Gas) Manufacturers Competitive Analysis
    3.1 World Drill Bits (Oil and Gas) Production Value by Manufacturer (2018-2023)
    3.2 World Drill Bits (Oil and Gas) Production by Manufacturer (2018-2023)
    3.3 World Drill Bits (Oil and Gas) Average Price by Manufacturer (2018-2023)
    3.4 Drill Bits (Oil and Gas) Company Evaluation Quadrant
    3.5 Industry Rank and Concentration Rate (CR)
        3.5.1 Global Drill Bits (Oil and Gas) Industry Rank of Major Manufacturers
        3.5.2 Global Concentration Ratios (CR4) for Drill Bits (Oil and Gas) in 2022
        3.5.3 Global Concentration Ratios (CR8) for Drill Bits (Oil and Gas) in 2022
    3.6 Drill Bits (Oil and Gas) Market: Overall Company Footprint Analysis
        3.6.1 Drill Bits (Oil and Gas) Market: Region Footprint
        3.6.2 Drill Bits (Oil and Gas) Market: Company Product Type Footprint
        3.6.3 Drill Bits (Oil and Gas) Market: Company Product Application Footprint
    3.7 Competitive Environment
        3.7.1 Historical Structure of the Industry
        3.7.2 Barriers of Market Entry
        3.7.3 Factors of Competition
    3.8 New Entrant and Capacity Expansion Plans
    3.9 Mergers, Acquisition, Agreements, and Collaborations

4 United States VS China VS Rest of the World
    4.1 United States VS China: Drill Bits (Oil and Gas) Production Value Comparison
        4.1.1 United States VS China: Drill Bits (Oil and Gas) Production Value Comparison (2018 & 2022 & 2029)
        4.1.2 United States VS China: Drill Bits (Oil and Gas) Production Value Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States VS China: Drill Bits (Oil and Gas) Production Comparison
        4.2.1 United States VS China: Drill Bits (Oil and Gas) Production Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Drill Bits (Oil and Gas) Production Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States VS China: Drill Bits (Oil and Gas) Consumption Comparison
        4.3.1 United States VS China: Drill Bits (Oil and Gas) Consumption Comparison (2018 & 2022 & 2029)
        4.3.2 United States VS China: Drill Bits (Oil and Gas) Consumption Market Share Comparison (2018 & 2022 & 2029)
    4.4 United States Based Drill Bits (Oil and Gas) Manufacturers and Market Share, 2018-2023
        4.4.1 United States Based Drill Bits (Oil and Gas) Manufacturers, Headquarters and Production Site (States, Country)
        4.4.2 United States Based Manufacturers Drill Bits (Oil and Gas) Production Value (2018-2023)
        4.4.3 United States Based Manufacturers Drill Bits (Oil and Gas) Production (2018-2023)
    4.5 China Based Drill Bits (Oil and Gas) Manufacturers and Market Share
        4.5.1 China Based Drill Bits (Oil and Gas) Manufacturers, Headquarters and Production Site (Province, Country)
        4.5.2 China Based Manufacturers Drill Bits (Oil and Gas) Production Value (2018-2023)
        4.5.3 China Based Manufacturers Drill Bits (Oil and Gas) Production (2018-2023)
    4.6 Rest of World Based Drill Bits (Oil and Gas) Manufacturers and Market Share, 2018-2023
        4.6.1 Rest of World Based Drill Bits (Oil and Gas) Manufacturers, Headquarters and Production Site (State, Country)
        4.6.2 Rest of World Based Manufacturers Drill Bits (Oil and Gas) Production Value (2018-2023)
        4.6.3 Rest of World Based Manufacturers Drill Bits (Oil and Gas) Production (2018-2023)

5 Market Analysis by Type
    5.1 World Drill Bits (Oil and Gas) Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 Fixed Cutter Bits
        5.2.2 Roller Cone Bits
    5.3 Market Segment by Type
        5.3.1 World Drill Bits (Oil and Gas) Production by Type (2018-2029)
        5.3.2 World Drill Bits (Oil and Gas) Production Value by Type (2018-2029)
        5.3.3 World Drill Bits (Oil and Gas) Average Price by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Drill Bits (Oil and Gas) Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Offshore
        6.2.2 Onshore
    6.3 Market Segment by Application
        6.3.1 World Drill Bits (Oil and Gas) Production by Application (2018-2029)
        6.3.2 World Drill Bits (Oil and Gas) Production Value by Application (2018-2029)
        6.3.3 World Drill Bits (Oil and Gas) Average Price by Application (2018-2029)

7 Company Profiles
    7.1 Schlumberger
        7.1.1 Schlumberger Details
        7.1.2 Schlumberger Major Business
        7.1.3 Schlumberger Drill Bits (Oil and Gas) Product and Services
        7.1.4 Schlumberger Drill Bits (Oil and Gas) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.1.5 Schlumberger Recent Developments/Updates
        7.1.6 Schlumberger Competitive Strengths & Weaknesses
    7.2 Baker Hughes
        7.2.1 Baker Hughes Details
        7.2.2 Baker Hughes Major Business
        7.2.3 Baker Hughes Drill Bits (Oil and Gas) Product and Services
        7.2.4 Baker Hughes Drill Bits (Oil and Gas) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.2.5 Baker Hughes Recent Developments/Updates
        7.2.6 Baker Hughes Competitive Strengths & Weaknesses
    7.3 Halliburton
        7.3.1 Halliburton Details
        7.3.2 Halliburton Major Business
        7.3.3 Halliburton Drill Bits (Oil and Gas) Product and Services
        7.3.4 Halliburton Drill Bits (Oil and Gas) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.3.5 Halliburton Recent Developments/Updates
        7.3.6 Halliburton Competitive Strengths & Weaknesses
    7.4 National Oilwell Varco
        7.4.1 National Oilwell Varco Details
        7.4.2 National Oilwell Varco Major Business
        7.4.3 National Oilwell Varco Drill Bits (Oil and Gas) Product and Services
        7.4.4 National Oilwell Varco Drill Bits (Oil and Gas) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.4.5 National Oilwell Varco Recent Developments/Updates
        7.4.6 National Oilwell Varco Competitive Strengths & Weaknesses
    7.5 Varel International
        7.5.1 Varel International Details
        7.5.2 Varel International Major Business
        7.5.3 Varel International Drill Bits (Oil and Gas) Product and Services
        7.5.4 Varel International Drill Bits (Oil and Gas) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.5.5 Varel International Recent Developments/Updates
        7.5.6 Varel International Competitive Strengths & Weaknesses
    7.6 Drilformance
        7.6.1 Drilformance Details
        7.6.2 Drilformance Major Business
        7.6.3 Drilformance Drill Bits (Oil and Gas) Product and Services
        7.6.4 Drilformance Drill Bits (Oil and Gas) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.6.5 Drilformance Recent Developments/Updates
        7.6.6 Drilformance Competitive Strengths & Weaknesses
    7.7 Sinopec Oilfield Equipment Corporation
        7.7.1 Sinopec Oilfield Equipment Corporation Details
        7.7.2 Sinopec Oilfield Equipment Corporation Major Business
        7.7.3 Sinopec Oilfield Equipment Corporation Drill Bits (Oil and Gas) Product and Services
        7.7.4 Sinopec Oilfield Equipment Corporation Drill Bits (Oil and Gas) Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.7.5 Sinopec Oilfield Equipment Corporation Recent Developments/Updates
        7.7.6 Sinopec Oilfield Equipment Corporation Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Drill Bits (Oil and Gas) Industry Chain
    8.2 Drill Bits (Oil and Gas) Upstream Analysis
        8.2.1 Drill Bits (Oil and Gas) Core Raw Materials
        8.2.2 Main Manufacturers of Drill Bits (Oil and Gas) Core Raw Materials
    8.3 Midstream Analysis
    8.4 Downstream Analysis
    8.5 Drill Bits (Oil and Gas) Production Mode
    8.6 Drill Bits (Oil and Gas) Procurement Model
    8.7 Drill Bits (Oil and Gas) Industry Sales Model and Sales Channels
        8.7.1 Drill Bits (Oil and Gas) Sales Model
        8.7.2 Drill Bits (Oil and Gas) Typical Customers

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 Drill Bits (Oil and Gas) Production Value by Region (2018, 2022 and 2029) & (USD Million)
    Table 2. World Drill Bits (Oil and Gas) Production Value by Region (2018-2023) & (USD Million)
    Table 3. World Drill Bits (Oil and Gas) Production Value by Region (2024-2029) & (USD Million)
    Table 4. World Drill Bits (Oil and Gas) Production Value Market Share by Region (2018-2023)
    Table 5. World Drill Bits (Oil and Gas) Production Value Market Share by Region (2024-2029)
    Table 6. World Drill Bits (Oil and Gas) Production by Region (2018-2023) & (K Units)
    Table 7. World Drill Bits (Oil and Gas) Production by Region (2024-2029) & (K Units)
    Table 8. World Drill Bits (Oil and Gas) Production Market Share by Region (2018-2023)
    Table 9. World Drill Bits (Oil and Gas) Production Market Share by Region (2024-2029)
    Table 10. World Drill Bits (Oil and Gas) Average Price by Region (2018-2023) & (USD/Unit)
    Table 11. World Drill Bits (Oil and Gas) Average Price by Region (2024-2029) & (USD/Unit)
    Table 12. Drill Bits (Oil and Gas) Major Market Trends
    Table 13. World Drill Bits (Oil and Gas) Consumption Growth Rate Forecast by Region (2018 & 2022 & 2029) & (K Units)
    Table 14. World Drill Bits (Oil and Gas) Consumption by Region (2018-2023) & (K Units)
    Table 15. World Drill Bits (Oil and Gas) Consumption Forecast by Region (2024-2029) & (K Units)
    Table 16. World Drill Bits (Oil and Gas) Production Value by Manufacturer (2018-2023) & (USD Million)
    Table 17. Production Value Market Share of Key Drill Bits (Oil and Gas) Producers in 2022
    Table 18. World Drill Bits (Oil and Gas) Production by Manufacturer (2018-2023) & (K Units)
    Table 19. Production Market Share of Key Drill Bits (Oil and Gas) Producers in 2022
    Table 20. World Drill Bits (Oil and Gas) Average Price by Manufacturer (2018-2023) & (USD/Unit)
    Table 21. Global Drill Bits (Oil and Gas) Company Evaluation Quadrant
    Table 22. World Drill Bits (Oil and Gas) Industry Rank of Major Manufacturers, Based on Production Value in 2022
    Table 23. Head Office and Drill Bits (Oil and Gas) Production Site of Key Manufacturer
    Table 24. Drill Bits (Oil and Gas) Market: Company Product Type Footprint
    Table 25. Drill Bits (Oil and Gas) Market: Company Product Application Footprint
    Table 26. Drill Bits (Oil and Gas) Competitive Factors
    Table 27. Drill Bits (Oil and Gas) New Entrant and Capacity Expansion Plans
    Table 28. Drill Bits (Oil and Gas) Mergers & Acquisitions Activity
    Table 29. United States VS China Drill Bits (Oil and Gas) Production Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 30. United States VS China Drill Bits (Oil and Gas) Production Comparison, (2018 & 2022 & 2029) & (K Units)
    Table 31. United States VS China Drill Bits (Oil and Gas) Consumption Comparison, (2018 & 2022 & 2029) & (K Units)
    Table 32. United States Based Drill Bits (Oil and Gas) Manufacturers, Headquarters and Production Site (States, Country)
    Table 33. United States Based Manufacturers Drill Bits (Oil and Gas) Production Value, (2018-2023) & (USD Million)
    Table 34. United States Based Manufacturers Drill Bits (Oil and Gas) Production Value Market Share (2018-2023)
    Table 35. United States Based Manufacturers Drill Bits (Oil and Gas) Production (2018-2023) & (K Units)
    Table 36. United States Based Manufacturers Drill Bits (Oil and Gas) Production Market Share (2018-2023)
    Table 37. China Based Drill Bits (Oil and Gas) Manufacturers, Headquarters and Production Site (Province, Country)
    Table 38. China Based Manufacturers Drill Bits (Oil and Gas) Production Value, (2018-2023) & (USD Million)
    Table 39. China Based Manufacturers Drill Bits (Oil and Gas) Production Value Market Share (2018-2023)
    Table 40. China Based Manufacturers Drill Bits (Oil and Gas) Production (2018-2023) & (K Units)
    Table 41. China Based Manufacturers Drill Bits (Oil and Gas) Production Market Share (2018-2023)
    Table 42. Rest of World Based Drill Bits (Oil and Gas) Manufacturers, Headquarters and Production Site (States, Country)
    Table 43. Rest of World Based Manufacturers Drill Bits (Oil and Gas) Production Value, (2018-2023) & (USD Million)
    Table 44. Rest of World Based Manufacturers Drill Bits (Oil and Gas) Production Value Market Share (2018-2023)
    Table 45. Rest of World Based Manufacturers Drill Bits (Oil and Gas) Production (2018-2023) & (K Units)
    Table 46. Rest of World Based Manufacturers Drill Bits (Oil and Gas) Production Market Share (2018-2023)
    Table 47. World Drill Bits (Oil and Gas) Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Table 48. World Drill Bits (Oil and Gas) Production by Type (2018-2023) & (K Units)
    Table 49. World Drill Bits (Oil and Gas) Production by Type (2024-2029) & (K Units)
    Table 50. World Drill Bits (Oil and Gas) Production Value by Type (2018-2023) & (USD Million)
    Table 51. World Drill Bits (Oil and Gas) Production Value by Type (2024-2029) & (USD Million)
    Table 52. World Drill Bits (Oil and Gas) Average Price by Type (2018-2023) & (USD/Unit)
    Table 53. World Drill Bits (Oil and Gas) Average Price by Type (2024-2029) & (USD/Unit)
    Table 54. World Drill Bits (Oil and Gas) Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Table 55. World Drill Bits (Oil and Gas) Production by Application (2018-2023) & (K Units)
    Table 56. World Drill Bits (Oil and Gas) Production by Application (2024-2029) & (K Units)
    Table 57. World Drill Bits (Oil and Gas) Production Value by Application (2018-2023) & (USD Million)
    Table 58. World Drill Bits (Oil and Gas) Production Value by Application (2024-2029) & (USD Million)
    Table 59. World Drill Bits (Oil and Gas) Average Price by Application (2018-2023) & (USD/Unit)
    Table 60. World Drill Bits (Oil and Gas) Average Price by Application (2024-2029) & (USD/Unit)
    Table 61. Schlumberger Basic Information, Manufacturing Base and Competitors
    Table 62. Schlumberger Major Business
    Table 63. Schlumberger Drill Bits (Oil and Gas) Product and Services
    Table 64. Schlumberger Drill Bits (Oil and Gas) Production (K Units), Price (USD/Unit), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 65. Schlumberger Recent Developments/Updates
    Table 66. Schlumberger Competitive Strengths & Weaknesses
    Table 67. Baker Hughes Basic Information, Manufacturing Base and Competitors
    Table 68. Baker Hughes Major Business
    Table 69. Baker Hughes Drill Bits (Oil and Gas) Product and Services
    Table 70. Baker Hughes Drill Bits (Oil and Gas) Production (K Units), Price (USD/Unit), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 71. Baker Hughes Recent Developments/Updates
    Table 72. Baker Hughes Competitive Strengths & Weaknesses
    Table 73. Halliburton Basic Information, Manufacturing Base and Competitors
    Table 74. Halliburton Major Business
    Table 75. Halliburton Drill Bits (Oil and Gas) Product and Services
    Table 76. Halliburton Drill Bits (Oil and Gas) Production (K Units), Price (USD/Unit), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 77. Halliburton Recent Developments/Updates
    Table 78. Halliburton Competitive Strengths & Weaknesses
    Table 79. National Oilwell Varco Basic Information, Manufacturing Base and Competitors
    Table 80. National Oilwell Varco Major Business
    Table 81. National Oilwell Varco Drill Bits (Oil and Gas) Product and Services
    Table 82. National Oilwell Varco Drill Bits (Oil and Gas) Production (K Units), Price (USD/Unit), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 83. National Oilwell Varco Recent Developments/Updates
    Table 84. National Oilwell Varco Competitive Strengths & Weaknesses
    Table 85. Varel International Basic Information, Manufacturing Base and Competitors
    Table 86. Varel International Major Business
    Table 87. Varel International Drill Bits (Oil and Gas) Product and Services
    Table 88. Varel International Drill Bits (Oil and Gas) Production (K Units), Price (USD/Unit), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 89. Varel International Recent Developments/Updates
    Table 90. Varel International Competitive Strengths & Weaknesses
    Table 91. Drilformance Basic Information, Manufacturing Base and Competitors
    Table 92. Drilformance Major Business
    Table 93. Drilformance Drill Bits (Oil and Gas) Product and Services
    Table 94. Drilformance Drill Bits (Oil and Gas) Production (K Units), Price (USD/Unit), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 95. Drilformance Recent Developments/Updates
    Table 96. Sinopec Oilfield Equipment Corporation Basic Information, Manufacturing Base and Competitors
    Table 97. Sinopec Oilfield Equipment Corporation Major Business
    Table 98. Sinopec Oilfield Equipment Corporation Drill Bits (Oil and Gas) Product and Services
    Table 99. Sinopec Oilfield Equipment Corporation Drill Bits (Oil and Gas) Production (K Units), Price (USD/Unit), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 100. Global Key Players of Drill Bits (Oil and Gas) Upstream (Raw Materials)
    Table 101. Drill Bits (Oil and Gas) Typical Customers
    Table 102. Drill Bits (Oil and Gas) Typical Distributors
List of Figure
    Figure 1. Drill Bits (Oil and Gas) Picture
    Figure 2. World Drill Bits (Oil and Gas) Production Value: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Drill Bits (Oil and Gas) Production Value and Forecast (2018-2029) & (USD Million)
    Figure 4. World Drill Bits (Oil and Gas) Production (2018-2029) & (K Units)
    Figure 5. World Drill Bits (Oil and Gas) Average Price (2018-2029) & (USD/Unit)
    Figure 6. World Drill Bits (Oil and Gas) Production Value Market Share by Region (2018-2029)
    Figure 7. World Drill Bits (Oil and Gas) Production Market Share by Region (2018-2029)
    Figure 8. North America Drill Bits (Oil and Gas) Production (2018-2029) & (K Units)
    Figure 9. Europe Drill Bits (Oil and Gas) Production (2018-2029) & (K Units)
    Figure 10. China Drill Bits (Oil and Gas) Production (2018-2029) & (K Units)
    Figure 11. Japan Drill Bits (Oil and Gas) Production (2018-2029) & (K Units)
    Figure 12. Drill Bits (Oil and Gas) Market Drivers
    Figure 13. Factors Affecting Demand
    Figure 14. World Drill Bits (Oil and Gas) Consumption (2018-2029) & (K Units)
    Figure 15. World Drill Bits (Oil and Gas) Consumption Market Share by Region (2018-2029)
    Figure 16. United States Drill Bits (Oil and Gas) Consumption (2018-2029) & (K Units)
    Figure 17. China Drill Bits (Oil and Gas) Consumption (2018-2029) & (K Units)
    Figure 18. Europe Drill Bits (Oil and Gas) Consumption (2018-2029) & (K Units)
    Figure 19. Japan Drill Bits (Oil and Gas) Consumption (2018-2029) & (K Units)
    Figure 20. South Korea Drill Bits (Oil and Gas) Consumption (2018-2029) & (K Units)
    Figure 21. ASEAN Drill Bits (Oil and Gas) Consumption (2018-2029) & (K Units)
    Figure 22. India Drill Bits (Oil and Gas) Consumption (2018-2029) & (K Units)
    Figure 23. Producer Shipments of Drill Bits (Oil and Gas) by Manufacturer Revenue ($MM) and Market Share (%): 2022
    Figure 24. Global Four-firm Concentration Ratios (CR4) for Drill Bits (Oil and Gas) Markets in 2022
    Figure 25. Global Four-firm Concentration Ratios (CR8) for Drill Bits (Oil and Gas) Markets in 2022
    Figure 26. United States VS China: Drill Bits (Oil and Gas) Production Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 27. United States VS China: Drill Bits (Oil and Gas) Production Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Drill Bits (Oil and Gas) Consumption Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. United States Based Manufacturers Drill Bits (Oil and Gas) Production Market Share 2022
    Figure 30. China Based Manufacturers Drill Bits (Oil and Gas) Production Market Share 2022
    Figure 31. Rest of World Based Manufacturers Drill Bits (Oil and Gas) Production Market Share 2022
    Figure 32. World Drill Bits (Oil and Gas) Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Figure 33. World Drill Bits (Oil and Gas) Production Value Market Share by Type in 2022
    Figure 34. Fixed Cutter Bits
    Figure 35. Roller Cone Bits
    Figure 36. World Drill Bits (Oil and Gas) Production Market Share by Type (2018-2029)
    Figure 37. World Drill Bits (Oil and Gas) Production Value Market Share by Type (2018-2029)
    Figure 38. World Drill Bits (Oil and Gas) Average Price by Type (2018-2029) & (USD/Unit)
    Figure 39. World Drill Bits (Oil and Gas) Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Figure 40. World Drill Bits (Oil and Gas) Production Value Market Share by Application in 2022
    Figure 41. Offshore
    Figure 42. Onshore
    Figure 43. World Drill Bits (Oil and Gas) Production Market Share by Application (2018-2029)
    Figure 44. World Drill Bits (Oil and Gas) Production Value Market Share by Application (2018-2029)
    Figure 45. World Drill Bits (Oil and Gas) Average Price by Application (2018-2029) & (USD/Unit)
    Figure 46. Drill Bits (Oil and Gas) Industry Chain
    Figure 47. Drill Bits (Oil and Gas) Procurement Model
    Figure 48. Drill Bits (Oil and Gas) Sales Model
    Figure 49. Drill Bits (Oil and Gas) Sales Channels, Direct Sales, and Distribution
    Figure 50. Methodology
    Figure 51. 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.

Related Reports

Global Drill Bits (Oil and Gas) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

Global Drill Bits (Oil and Gas) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

date 05 Jan 2023

date Machinery & Equipment

A oil and gas drill bit is a tool used in the oil and gas industry which is 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.

Global Drill Bits (Oil and Gas) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Drill Bits (Oil and Gas) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

date 02 Jan 2024

date Machinery & Equipment

According to our (Global Info Research) latest study, the global Drill Bits (Oil and Gas) market size was valued at USD 2186.5 million in 2023 and is forecast to a readjusted size of USD 3091.5 million by 2030 with a CAGR of 5.1% during review period.

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