Drill Bits Market for Oil and Gas Industry-Global Industry Analysis and Forecast (2018-2026) – by Product type, by Application, and Geography.

Drill Bits Market for Oil and Gas Industry-Global Industry Analysis and Forecast (2018-2026) – by Product type, by Application, and Geography.

Market Scenario

Drill Bits Market for oil and gas industry is estimated to reach US$ XX Mn by 2026 in terms of revenue with CAGR of XX% in the forecasting period 2018-2026. Oil and gas are the most important resources of energy and has been the backbone of society. Drill bits are used to make cylindrical holes or cut rocks to extract hydrocarbon resources, with the application of high-frequency vibration and hydraulic pressure. They are available in a number of shapes and sizes and are able to create varied types of holes in different kinds of materials. The drilling sector is one of the core pillars of the upstream oil and gas sector. The increasing dependence on crude oil and natural gas, especially in emerging economies has resulted in an increase in Exploration and Production (E&P) activities globally. The type of drill bit to be used for drilling depends on the nature of the formation. Drilling is one of the most expensive operations in the oil and gas industry. The decrease in crude oil prices coupled with the increasing pollution due to these fossil fuels is a major restraint for the growth of the global oilfield Drill Bits Market. Drill bits market for oil and gas industry Drill Bits Market for oil and gas industry is majorly segmented by product type, application, and Region. By product type, Roller Cone Cutter Bit segment commands the global market due to its cost efficiency and its performance. By application segment, this market research and analysis estimates that the onshore activities segment accounted for the major revenue shares and dominated the market during 2017. The growing interest in offshore drilling is predicted to boost the activities pertaining to offshore exploration and production (E&P) worldwide. In terms of region, North America held the largest share of 36.6% in the market in 2017 and is predicted to lead the market all through the forecast horizon. This is owing to the increasing production and exploration activities within this region. The Asia Pacific is anticipated to be a fastest growing region. The key players in Drill Bits Market for Oil and Gas Industry include NewTech Drilling Products LLC, Atlas Copco AB, Baker Hughes, Inc., Halliburton, Inc., and Torquato Drilling Accessories. Drill Bits Market Scope

Drill Bits Market By Product

• Fixed Cutter Bits o Natural Diamond Bits o Polycrystalline Diamond Bits • Roller Cone Cutter Bits o Tungsten Carbide Inserts o Milled-tooth Bits

Drill Bits Market By Application

• Onshore Drilling • Offshore Drilling

Drill Bits Market By Geography

• North America • Europe • Asia-Pacific • Middle East & Africa • Latin America

Key Players operating in the market:

• Tercel Bits • Baker Hughes • Ulterra Drilling Technologies • Halliburton • National Oilwell Varco • Varel International, Inc. • Atlas Copco AB • Scientific Drilling International • NewTech Drilling Products LLC • Torquato Drilling Accessories • Schlumberger Limited • Rockpecker • Palmer Bit Co. • Ulterra • Kingdream Public Limited Company Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current drill bits market for oil and gas industry outlook. The report encompasses the drill bits market for oil and gas industry by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the drill bits market for oil and gas industry market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain drill bits market for oil and gas industry positioning of competitors. Boiler Market_ Global Industry Analysis and Forecast (2018-2026)

Table of Contents

Drill Bits Market

1. INTRODUCTION 1.1 Report Description 1.1.1 Objectives of the Study 1.1.2 Market Scope 1.1.3 Years considered in the study 1.1.4 Currency 1.1.5 Stakeholders 1.2 Target Audience 1.3 Key Takeaways 2. RESEARCH METHODOLOGY 2.1 Research Methodology 2.2 Market Definition 2.3 Assumptions and Acronyms Used 2.4 Data Sources 2.4.1 Secondary 2.4.1.1 Paid 2.4.1.2 Unpaid 2.4.2 Primary 2.5 Analyst tools and models 3. EXECUTIVE SUMMARY 3.1 Drill Bits Market for Oil and Gas Industry Overview 3.1.1 By Product Type 3.1.2 By Application 3.1.3 By Geography 4. HISTORICAL PERSPECTIVE AND CURRENT TRENDS 4.1 Drill Bits Market for Oil and Gas Industry 4.1.1 Emergence and Evolution 4.1.2 Technological Transformations 4.1.3 DRILL BITS MARKET FOR OIL AND GAS INDUSTRY by Region 4.1.3.1 North America Drill Bits Market for Oil and Gas Industry 4.1.3.1.1 Key Economic Indicators 4.1.3.1.1.1 Country wise GDP Growth Forecast 4.1.3.1.1.1.1 USA 4.1.3.1.1.1.2 Canada 4.1.3.2 Europe Drill Bits Market for Oil and Gas Industry 4.1.3.2.1 Key Economic Indicators 4.1.3.2.1.1 Country wise GDP Growth Forecast 4.1.3.2.1.1.1 Germany 4.1.3.2.1.1.2 U.K 4.1.3.2.1.1.3 France 4.1.3.2.1.1.4 Russia 4.1.3.2.1.1.5 Spain 4.1.3.2.1.1.6 Others 4.1.3.3 Asia Pacific Drill Bits Market for Oil and Gas Industry 4.1.3.3.1 Key Economic Indicators 4.1.3.3.1.1 Country wise GDP Growth Forecast 4.1.3.3.1.1.1 China 4.1.3.3.1.1.2 India 4.1.3.3.1.1.3 Japan 4.1.3.3.1.1.4 South Korea 4.1.3.3.1.1.5 Others 4.1.3.4 Latin America, Africa and Middle East Drill Bits Market for Oil and Gas Industry 4.1.3.4.1 Key Economic Indicators 4.1.3.4.1.1 Country wise GDP Growth Forecast 4.1.3.4.1.1.1 Brazil 4.1.3.4.1.1.2 South Africa 4.1.3.4.1.1.3 Saudi Arabia 4.1.3.4.1.1.4 UAE 4.1.3.4.1.1.5 Others 4.2 DRILL BITS MARKET FOR OIL AND GAS INDUSTRY 4.3 Drill Bits Market for Oil and Gas Industry Definition, Segmentation and Scope of Study 4.4 Market Dynamics 4.4.1 Drivers 4.4.2 Restraints 4.5 Competitive Analysis 4.5.1 Key Strategic Initiatives 4.5.2 Regional Presence 4.5.3 Type Overview 4.6 Porter’s Analysis 4.7 PESTEL Analysis 4.8 Type Benchmark Analysis 4.9 Company Market Share Analysis 4.10 Key Findings 4.10.1 Top Wining Strategies 4.10.2 Top Investment Pockets 4.10.3 Top Impacting Factors 5. DRILL BITS MARKET FOR OIL AND GAS INDUSTRY , BY PRODUCT TYPE 5.1 Drill Bits Market for Oil and Gas Industry : Product Type Segment Market Share analysis 5.2 Drill Bits Market for Oil and Gas Industry : Product Type Segment Market Size and Forecast 2017-2026 5.3 Fixed Cutter Bits 5.3.1 Natural Diamond Bits 5.3.2 Polycrystalline Diamond Bits 5.4 Roller Cone Cutter Bits 5.4.1 Tungsten Carbide Inserts 5.4.2 Milled-tooth Bits 5.5 Drill Bits Market for Oil and Gas Industry Benchmarking By Product Type 5.6 Drill Bits Market for Oil and Gas Industry by Product Type : Key Trends 5.7 Drill Bits Market for Oil and Gas Industry by Product Type : Key Developments 6. DRILL BITS MARKET FOR OIL AND GAS INDUSTRY , BY APPLICATION 6.1 Drill Bits Market for Oil and Gas Industry : Application segment Market Share Analysis 6.2 DRILL BITS MARKET FOR OIL AND GAS INDUSTRY : Application segment Market Size and Forecast 2017-2026 6.3 Onshore Drilling 6.4 Offshore Drilling 6.5 Drill Bits Market for Oil and Gas Industry Benchmarking By Application 6.6 Drill Bits Market for Oil and Gas Industry by Application: Key Trends 6.7 Drill Bits Market for Oil and Gas Industry by Application: Key Developments 7. DRILL BITS MARKET FOR OIL AND GAS INDUSTRY , BY GEOGRAPHY 7.1 Drill Bits Market for Oil and Gas Industry : Geography segment Market Share Analysis 7.2 Drill Bits Market for Oil and Gas Industry : Geography segment Market Size and Forecast 2017-2026 7.3 North America Drill Bits Market for Oil and Gas Industry 7.3.1 Overview 7.3.2 Market Size and Forecast, by Product Type 2017-2026 7.3.3 Market Share Analysis , by Product Type 2017-2026 7.3.4 Market Size and Forecast, by Application2017-2026 7.3.5 Market Share Analysis , by Application2017-2026 7.3.6 Market Size and Forecast, by Country 2017-2026 7.3.7 Market Share Analysis , by Country 2017-2026 7.4 Europe Drill Bits Market for Oil and Gas Industry 7.4.1 Overview 7.4.2 Market Size and Forecast, by Product Type 2017-2026 7.4.3 Market Share Analysis , by Product Type 2017-2026 7.4.4 Market Size and Forecast, by Application2017-2026 7.4.5 Market Share Analysis , by Application2017-2026 7.4.6 Market Size and Forecast, by Country 2017-2026 7.4.7 Market Share Analysis , by Country 2017-2026 7.5 Asia Pacific Drill Bits Market for Oil and Gas Industry 7.5.1 Overview 7.5.2 Market Size and Forecast, by Product Type 2017-2026 7.5.3 Market Share Analysis , by Product Type 2017-2026 7.5.4 Market Size and Forecast, by Application2017-2026 7.5.5 Market Share Analysis , by Application2017-2026 7.5.6 Market Size and Forecast, by Country 2017-2026 7.5.7 Market Share Analysis , by Country 2017-2026 7.6 Latin America, Middle East and Africa Drill Bits Market for Oil and Gas Industry 7.6.1 Overview 7.6.2 Market Size and Forecast, by Product Type 2017-2026 7.6.3 Market Share Analysis , by Product Type 2017-2026 7.6.4 Market Size and Forecast, by Application2017-2026 7.6.5 Market Share Analysis , by Application2017-2026 7.6.6 Market Size and Forecast, by Country 2017-2026 7.6.7 Market Share Analysis , by Country 2017-2026 7.7 Drill Bits Market for Oil and Gas Industry Benchmarking By Geography 7.8 Drill Bits Market for Oil and Gas Industry by Geography : Key Trends 7.9 Drill Bits Market for Oil and Gas Industry by Geography : Key Developments 8. COMPITITIVE LANDSCAPE 8.1 Market Share/ Positioning Analysis 8.2 Key Innovators 8.3 Company Profiles 8.3.1 Tercel Bits 8.3.1.1 Overview 8.3.1.2 Type /Service Portfolio 8.3.1.3 Key Financials 8.3.1.4 Strategic Initiatives 8.3.1.5 SWOT Analysis 8.3.1.6 Competitive Assessment 8.3.2 Baker Hughes 8.3.2.1 Overview 8.3.2.2 Type /Service Portfolio 8.3.2.3 Key Financials 8.3.2.4 Strategic Initiatives 8.3.2.5 SWOT Analysis 8.3.2.6 Competitive Assessment 8.3.3 Ulterra Drilling Technologies 8.3.3.1 Overview 8.3.3.2 Type /Service Portfolio 8.3.3.3 Key Financials 8.3.3.4 Strategic Initiatives 8.3.3.5 SWOT Analysis 8.3.3.6 Competitive Assessment 8.3.4 Halliburton 8.3.4.1 Overview 8.3.4.2 Type /Service Portfolio 8.3.4.3 Key Financials 8.3.4.4 Strategic Initiatives 8.3.4.5 SWOT Analysis 8.3.4.6 Competitive Assessment 8.3.5 National Oilwell Varco 8.3.5.1 Overview 8.3.5.2 Type /Service Portfolio 8.3.5.3 Key Financials 8.3.5.4 Strategic Initiatives 8.3.5.5 SWOT Analysis 8.3.5.6 Competitive Assessment 8.3.6 Varel international, Inc. 8.3.6.1 Overview 8.3.6.2 Type /Service Portfolio 8.3.6.3 Key Financials 8.3.6.4 Strategic Initiatives 8.3.6.5 SWOT Analysis 8.3.6.6 Competitive Assessment 8.3.7 Atlas Copco AB 8.3.7.1 Overview 8.3.7.2 Type /Service Portfolio 8.3.7.3 Key Financials 8.3.7.4 Strategic Initiatives 8.3.7.5 SWOT Analysis 8.3.7.6 Competitive Assessment 8.3.8 Scientific Drilling International 8.3.8.1 Overview 8.3.8.2 Type /Service Portfolio 8.3.8.3 Key Financials 8.3.8.4 Strategic Initiatives 8.3.8.5 SWOT Analysis 8.3.8.6 Competitive Assessment 8.3.9 NewTech Drilling Products LLC 8.3.9.1 Overview 8.3.9.2 Type /Service Portfolio 8.3.9.3 Key Financials 8.3.9.4 Strategic Initiatives 8.3.9.5 SWOT Analysis 8.3.9.6 Competitive Assessment 8.3.10 Torquato Drilling Accessories 8.3.10.1 Overview 8.3.10.2 Type /Service Portfolio 8.3.10.3 Key Financials 8.3.10.4 Strategic Initiatives 8.3.10.5 SWOT Analysis 8.3.10.6 Competitive Assessment 8.3.11 Schlumberger Limited 8.3.11.1 Overview 8.3.11.2 Type /Service Portfolio 8.3.11.3 Key Financials 8.3.11.4 Strategic Initiatives 8.3.11.5 SWOT Analysis 8.3.11.6 Competitive Assessment 8.3.12 Rockpecker 8.3.12.1 Overview 8.3.12.2 Type /Service Portfolio 8.3.12.3 Key Financials 8.3.12.4 Strategic Initiatives 8.3.12.5 SWOT Analysis 8.3.12.6 Competitive Assessment 8.3.13 Palmer Bit Co. 8.3.13.1 Overview 8.3.13.2 Type /Service Portfolio 8.3.13.3 Key Financials 8.3.13.4 Strategic Initiatives 8.3.13.5 SWOT Analysis 8.3.13.6 Competitive Assessment 8.3.14 Ulterra 8.3.14.1 Overview 8.3.14.2 Type /Service Portfolio 8.3.14.3 Key Financials 8.3.14.4 Strategic Initiatives 8.3.14.5 SWOT Analysis 8.3.14.6 Competitive Assessment 8.3.15 Kingdream Public Limited Company 8.3.15.1 Overview 8.3.15.2 Type /Service Portfolio 8.3.15.3 Key Financials 8.3.15.4 Strategic Initiatives 8.3.15.5 SWOT Analysis 8.3.15.6 Competitive Assessment 9. CONSOLIDATION 9.1 Mergers and Acquisitions 9.1.1 Overview 9.1.2 Key Drivers – By Region 9.1.3 M&A Breakdown 9.1.3.1 Technology Based 9.1.3.2 Application Based 9.1.3.3 Niche Based 9.1.3.4 Region Based 9.1.3.5 Asset & Non-Asset Based 9.1.3.6 Venture Capitalist Based 9.2 Fragmentation of Global Drill Bits Market for Oil and Gas Industry 9.3 Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 9.4 New/Emerging Models of Partnerships : Key Examples 9.5 New/Emerging Business Models : Key Examples 9.6 Changing Investment Paradigm : Focused areas by Key Players 9.7 Patent Analysis 10. LIST OF TABLES 11. LIST OF FIGURES

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Report ID 11599
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