Drill Bits Market

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.
Drill Bits Market contains market size and forecasts of Drill Bits (Oil and Gas) in global, including the following market information:
Global Drill Bits (Oil and Gas) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Drill Bits (Oil and Gas) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Drill Bits (Oil and Gas) companies in 2021 (%)
The global Drill Bits (Oil and Gas) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Fixed Cutter Bits Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Drill Bits (Oil and Gas) include Schlumberger, Baker Hughes, Halliburton, National Oilwell Varco, Varel International, Drilformance and Sinopec Oilfield Equipment Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Drill Bits (Oil and Gas) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Drill Bits (Oil and Gas) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Drill Bits (Oil and Gas) Market Segment Percentages, by Type, 2021 (%)
Fixed Cutter Bits
Roller Cone Bits
Global Drill Bits (Oil and Gas) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Drill Bits (Oil and Gas) Market Segment Percentages, by Application, 2021 (%)
Offshore
Onshore
Global Drill Bits (Oil and Gas) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Drill Bits (Oil and Gas) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Drill Bits (Oil and Gas) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Drill Bits (Oil and Gas) revenues share in global market, 2021 (%)
Key companies Drill Bits (Oil and Gas) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Drill Bits (Oil and Gas) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Schlumberger
Baker Hughes
Halliburton
National Oilwell Varco
Varel International
Drilformance
Sinopec Oilfield Equipment Corporation