Global Drilling Tools Market was valued at US$ XX Bn in 2017 and is expected to reach US$ XX Bn by 2026, at a CAGR of 4.44 % during a forecast period.
An upsurge in oil, exploration and production activities, rising concern towards energy security, advancement in drilling technologies offering better efficiencies and condensed drilling time, easy readiness of suppliers are expected to drive global drilling tools market. Additionally, the surge in shale gas exploration activities in the United States is another factor driving the drilling tools markets.
Increased demand for fabricated metal products, development of heavy equipment industry, and increasing large-scale industrial automation are projected to drive the growth of the global drilling tools market. Additionally, development in manufacturing types of machinery and government initiatives concerning to machine tools industry offer lucrative growth opportunity to the global drilling machine market. Furthermore, the drilling tools market is estimated to face regulatory concerns, and shift towards renewable energy development is expected to hamper the global drilling tools market.
The objective of the report is to present a comprehensive assessment of the global drilling tools market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by material, type, end-user and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global drilling tools market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
The drilling tubular segment is estimated to grow at a high rate of CAGR during the forecast period. This can be accredited to growing drilled footage and the advancement of deep-water oil & gas fields.
An onshore segment is expected to dominate the global drilling tools market. The dominance position is attributed to the increasing onshore and drilling activities in North America and Asia Pacific region. Development in drilling techniques, such as horizontal and vertical drilling. Onshore drilling is cost-effective and less complex than offshore application. Furthermore, offshore drilling needs higher capital investments and is complex owing to depth, complicated good formations, and instability feature. China is focusing on several onshore oil drilling projects for carried out to extract shale oil.
Geographically, Asia Pacific is expected to witnessing significant growth in the global drilling tools market. The growth is attributed to increasing drilling Activities in developing countries such as India and China. The developing countries from this region are focused on developing its shale gas resources to increase its oil & gas production is expected to drive the growth in the drilling tool market. Rapid industrialization and advancement in the drilling tools are expected to boom the drilling tools market in this region. Furthermore, North America is projected to share major contribution in the global market during the forecast period. Growing shale gas production and energy reforms are expected to drive the growth of the drilling tools in the region.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The Scope of the Report Global Drilling Tools Market
Global Drilling Tools Market, By Tool Type
• Drill Bits
• Drill Collars
• Drilling Jars
• Drilling Motors
• Drilling Tubulars
• Drill Swivels
• Drill Reamers and Stabilizers
• Mechanical Thrusters
• Shock Tools
Global Drilling Tools Market, By Application
• Onshore
• Offshore
Global Drilling Tools Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players analyzed in the Report:
• Schlumberger Limited
• Halliburton Company
• National-Oilwell Varco, Inc.
• Sandvik AB
• Baker Hughes A GE Co.
• Tenaris SA
• TMK Ipsco Enterprises Inc.
• Vallourec SA
• Stabil Drill Baker Hughes
• Cougar Drilling Solutions
• Drilling Tools International
• Rubicon Oilfield International
• Bico Drilling Tools
• Dynomax Drilling Tools
• United Drilling Tools LTD
• BICO Drilling Products
• X Drilling Tools
• Redback Drilling Tools,
• Knight Oil Tools
• Weatherford International
• Gyrodata
• Pacesetter Directional Drilling
• Scientific Drilling
• Tianhe Oil Group
• Wenzel Downhole Tools
• Pacesetter Directional Drilling
• Solid Control Equipment
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Abstract: Downhole Drilling Tools Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Downhole Drilling Tools industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Downhole Drilling Tools manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Downhole Drilling Tools market covering all important parameters.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/31159/global-downhole-drilling-tools-2019-2024-727 The key ponits of the Downhole Drilling Tools report:1.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.2.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.3.Through the statistical analysis, the report depicts the global and Chinese total market of Downhole Drilling Tools industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.5.The report then estimates 2019-2024 market development trends of Downhole Drilling Tools industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.6.The report makes some important proposals for a new project of Downhole Drilling Tools Industry before evaluating its feasibility.
There are 3 key segments covered in this Downhole Drilling Tools report: competitor segment, product type segment, end use/application segment.Get the Complete Report @ https://www.24chemicalresearch.com/reports/31159/global-downhole-drilling-tools-2019-2024-727For competitor segment, the report includes global key players of Downhole Drilling Tools as well as some small players.
The information for each competitor includes: Company ProfileMain Business InformationSWOT AnalysisSales, Revenue, Price and Gross MarginMarket Share For product type segment, this report listed main product type of Downhole Drilling Tools market in gloabal and china.
Downhole drilling tools are collection of tools used in downhole drilling applications.
Baker Hughes, Schlumberger, Halliburton, and National Oilwell Varco are the world's leading downhole drilling tools manufacturers, with a combined market share of 80%.North America is the largest consumption place, with a consumption market share nearly 87%.Download FREE Sample of this Report @ https://www.statsmarketresearch.com/download-free-sample/6527629/global-downhole-drilling-tools-2021-2027-284In 2020, the global Downhole Drilling Tools market size was US$ 7459.4 million and it is expected to reach US$ 9428.9 million by the end of 2027, with a CAGR of 3.5% during 2021-2027.Global Downhole Drilling Tools Scope and Market SizeDownhole Drilling Tools market is segmented by region, by country, company, type, application and by sales channels.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.Segment by Type, the Downhole Drilling Tools market is segmented intoFixed Cutter Drill BitRoller Cone Drill BitOthersSegment by Application, the Downhole Drilling Tools market is segmented intoOil FieldGas FieldRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Downhole Drilling Tools Market Share AnalysisDownhole Drilling Tools market competitive landscape provides details and data information by companies.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021.
Details included are company description, major business, Downhole Drilling Tools product introduction, recent developments, Downhole Drilling Tools sales by region, type, application and by sales channel.The major companies include:Baker HughesSchlumbergerHalliburtonNational Oilwell VarcoVarel InternationalKingdreamBaoshi MachineryJiangxi FeilongReasons to Purchase Our Research Report:1.
Analyzing the outlook of the market with the recent trends and SWOT analysis2.
