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Download Free sampleDrill bits are mechanical tools used for cutting or crushing rocks to create wellbores for the extraction of hydrocarbon resources. They are mainly used in drilling operations for oil or gas wells either onshore or offshore.
Gas and Oil Drill Bits Market contains market size and forecasts of Gas and Oil Drill Bits in global, including the following market information:
Global Gas and Oil Drill Bits Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Gas and Oil Drill Bits Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Gas and Oil Drill Bits companies in 2021 (%)
The global Gas and Oil Drill Bits market was valued at 3150.1 million in 2021 and is projected to reach US$ 5378.9 million by 2028, at a CAGR of 7.9% 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 Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Gas and Oil Drill Bits include GE(Baker Hughes), Halliburton, National Oilwell Varco, Schlumberger, Varel International, Atlas Copco AB, Bellwether Resources International, Bit Brokers International and Century Products, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Gas and Oil Drill Bits 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 Gas and Oil Drill Bits Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Gas and Oil Drill Bits Market Segment Percentages, by Type, 2021 (%)
Fixed Cutter
Roller Cone
Other
Global Gas and Oil Drill Bits Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Gas and Oil Drill Bits Market Segment Percentages, by Application, 2021 (%)
Onshore
Offshore
Global Gas and Oil Drill Bits Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Gas and Oil Drill Bits 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 Gas and Oil Drill Bits revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Gas and Oil Drill Bits revenues share in global market, 2021 (%)
Key companies Gas and Oil Drill Bits sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Gas and Oil Drill Bits sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
GE(Baker Hughes)
Halliburton
National Oilwell Varco
Schlumberger
Varel International
Atlas Copco AB
Bellwether Resources International
Bit Brokers International
Century Products
Drillbits International (DBI)
Drilformance
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