Global Oil & Gas Drill Bits Market– our new study reveals trends, contracts, and predicted investments
Increasing oil & gas drilling activities
The rising energy demands are expected to put a burden on the oil and gas industries to increase their downstream. To ensure short and long-term supplies of energy the oil and gas industries turn their focus towards unconventional oil and gas resources such as shale oil, oil sands, extra heavy oil, tight gas, shale gas, and coal bed methane. There are around 137 shale formations in 41 countries in the world. The U.S. shale industry is slowly reviving after the pandemic and is expected to increase its production capacity to meet the declining supply from conventional sources of energy. Governments across the world are providing support to the shale industry on account of energy security, job creation, and economic growth. Several countries such as the U.S., Canada, UK, Norway, Russia, China, Australia, and the Middle East are investing in oil & gas exploration and drilling activities and easing restrictions for foreign investment.
If you are involved in this sector you must read this newly updated report. Our report shows you the potential revenues streams to 2031, assessing data, trends, opportunities and business prospects there.
Key questions answered are in this report
• How is the oil & gas drill bits market evolving? And how can you ensure you are at the forefront of the market?
• What are the upcoming developments and regulatory framework in the market?
• Where is the oil & gas drill bits market heading?
• What is driving and restraining the oil & gas drill bits market?
• Who are the leading players and what are their prospects over the forecast period?
• What are the oil & gas drill bits projects for these leading companies?
• What are the implication of oil & gas drill bits projects taking place now and over the next 10 years?
You need to discover how this will impact the oil & gas drill bits market today, and over the next 10 years:
• Our 850+ page report provides 635 tables and 677 charts/graphs exclusively to you.
• The report highlights key lucrative areas in the industry so you can target them – NOW.
• Contains in-depth analysis of global, regional and national sales and growth
• Highlights for you the key successful trends, changes and revenue projections made by your competitors
Read on to discover the most lucrative areas in the industry and the future market prospects. Our new study lets you assess forecasted sales at overall world market and regional level. See financial results, trends, opportunities, and revenue predictions. Much opportunity remains in this growing Oil & Gas Drill Bits Market. See how to exploit the opportunities.
Forecasts to 2031 and other analysis reveal the oil & gas drill bits prospects
• In addition to revenue forecasting to 2031, our new study provides you with recent results, growth rates, and market shares.
• You find original analysis, with business outlooks and developments.
• Discover qualitative analysis (including market dynamics, drivers, opportunities, restraints and challenges), product profiles and project developments.
• Discover how the COVID 19 pandemic has impacted the world market and submarkets, and what are the projected recovery patterns
This report includes data analysis and invaluable insight into how COVID-19 will affect your industry. Four COVID-19 recovery patterns and their impact, namely, V, L, W, and U are discussed in this report.
Oil & Gas Drill Bits: By Type
• Roller Cone Cutter Bits
- Milled-tooth Bits
- Tungsten Carbide Inserts
• Fixed Cutter Bits
- Polycrystalline Diamond Compact
- Diamond Impregnated
Oil & Gas Drill Bits: By Component
• Onshore
• Offshore
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 5 regional and 19 leading national markets:
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Indonesia
• Australia
• Rest of Asia-Pacific
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Iran
• Rest of Middle East & Africa
• South America
• Brazil
• Argentina
• Colombia
• Rest of South America
The report also includes profiles and for some of the leading companies in the oil & gas drill bits market, with a focus on this segment of these companies’ operations.
Leading companies and the potential for market growth
• Atlas Copco Group
• Baker Hughes Company
• Bit Brokers International
• Caterpillar Inc.
• Haliburton Company
• NOV Inc.
• Palmer Bit Co.
• Sandvik AB
• Schlumberger Limited
• Sichuan DeepFast Oil Drilling Tools Co. Ltd.
• Sinocoredrill Group
• Taesung Co. Ltd.
• Taurex Drill Bit LLC
• Torguato Drilling
• Ulterra
Overall world revenue for oil & gas drill bits market will surpass US$xx million in 2021, our work calculates. We predict strong revenue growth through to 2031. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How the Oil & Gas Drill Bits Market report helps you
In summary, our 830+ page report provides you with the following knowledge:
• Revenue forecasts to 2031 for Oil & Gas Drill Bits Market, with forecasts for Type, Component, Solutions, and End-use each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues
• Revenue forecasts to 2031 for 5 regional and 19 key national markets – See forecasts for the oil & gas drill bits market in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Also forecasted is the market in the US, Canada, Mexico, Germany, Russia, UK, China, India, Indonesia and UAE among other prominent economies.
• Prospects for established firms and those seeking to enter the market– including company profiles for 15 of the major companies involved in the oil & gas drill bits market. Some of the company’s profiled in this report include Atlas Copco Group, Baker Hughes Company, Bit Brokers International, Caterpillar Inc., Haliburton Company, NOV Inc., Palmer Bit Co., Sandvik AB, Schlumberger Limited, Sichuan DeepFast Oil Drilling Tools Co. Ltd., Sinocoredrill Group, Taesung Co. Ltd., Taurex Drill Bit LLC, Torguato Drilling, and Ulterra.
Find quantitative and qualitative analysis with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.
Information found nowhere else
With our new report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analysis, and decisions. Our study is for everybody needing commercial analysis for the oil & gas drill bits market and leading companies. You will find data, trends and predictions in the report.
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1 Report Overview
1.1 Introduction to the Oil & Gas Drill Bit Market
1.2 Oil & Gas Drill Bit Market Definition
1.3 Why You Should Read This Report
1.4 What This Report Delivers
1.5 Key Questions Answered By This Analytical Report Include:
1.6 Who is This Report For?
1.7 Methodology
1.7.1 Primary Research
1.7.2 Secondary Research
1.7.3 Market Evaluation & Forecasting Methodology
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Reports
1.10 About
2 Executive Summary
3 Market Dynamics
3.1 Market Drivers
3.1.1 Increasing Oil & Gas Exploration and Drilling Activities
3.1.2 Technological Developments to Strengthen Drill Bits and Improve Efficiency
3.2 Market Restraints
3.2.1 Countries Working Towards Ending Oil Exploration
3.2.2 The Transition To Renewable Energy Solutions
3.3 Market Opportunities
3.3.1 Drill Bit Manufacturers to Partner with Drilling Companies to Improve Design Efficiency
3.4 Market Challenges
3.4.1 Economic Disruptions due to the COVID-19 Pandemic
3.4.2 Choosing the Right Drill Bit is Challenging Due to Distinctive Geological Conditions of Wells
3.5 SWOT Analysis
3.5.1 Strengths
3.5.1.1 Increase in Demand for Oil & Gas Expected to Increase Drilling Activities
3.5.1.2 High Number of Planned Well Exploration Activities over the Coming Years
3.5.2 Weakness
3.5.2.1 Impact Of Drilling On Land & Marine Ecosystems Resulting In Community Opposition
3.5.3 Opportunities
3.5.3.1 Collaborations Between Drill Bit Manufacturers, Oilfield Service Providers, And E&P Companies
3.5.3.2 Increase in Global Oil & Gas Discoveries
3.5.4 Threats
3.5.4.1 Countries Opting for Environment-Friendly Energy Sources
3.6 Porter’s Five Force Analysis
3.6.1 Competitive Rivalry
3.6.2 Bargaining Power of Suppliers
3.6.3 Bargaining Power of Buyers
3.6.4 Threat of Substitute
3.6.5 Threat of New Entrant
3.7 PEST Analysis
3.7.1 Political Factors
3.7.1.1 Governments Aiming at Net Zero Carbon Emissions
3.7.2 Economic Factors
3.7.2.1 Drilling Activities Aiding Job Creation
3.7.2.2 Negative Effect of COVID-19 Pandemic on the Oil & Gas Industry
3.7.3 Social Factors
3.7.3.1 The Rising Demand for Renewable Energy Sources Owing to Environmental Concerns
3.7.3.2 Environmental Regulations in the E&P Industry
3.7.4 Technological Factors
3.7.4.1 Technological Development to Improve Efficiency of Onshore and Offshore Drilling
4 Global Oil & Gas Drill Bit Market Forecast, by Type, 2021-2031
4.1 Roller Cone Cutter Bits Segment Market Forecast, 2021-2031
4.1.1 Lower Cost of Roller Cone Cutter Per Foot Drilled
4.1.2 Versatile Nature of Roller Cone Cutter Can Cut Through Many Formations
4.1.3 Roller Cone Cutter Bits Segment, By Type
4.1.3.1 Milled-Tooth Bits
4.1.3.2 Tungsten Carbide Inserts
4.1.4 Recovery Scenarios (V, U, W, L)
4.2 Fixed Cutter Bits Segment Market Forecast, 2021-2031
4.2.1 Technological Developments Have Aided in Improving Efficiency of PDC Bits
4.2.2 The Ability of PDC to be Rebuilt and Create Complex Bit Designs
4.2.3 Fixed Cutter Bits Segment, By Type
4.2.3.1 Diamond Impregnated
4.2.3.2 Polycrystalline Diamond Compact (PDC)
4.2.4 Recovery Scenarios (V, U, W, L)
5 Global Oil & Gas Drill Bit Market Forecast, by Application, 2021-2031
5.1 Onshore Segment Market Forecast, 2021-2031
5.1.1 Demand for PDC Drill Bits Expected to Rise Owing to Their Capability to Work Efficiently in Different Formations
5.1.2 Increase in Exploration of Unconventional Resources
5.1.3 Recovery Scenarios (V, U, W, L)
5.2 Offshore Segment Market Forecast, 2021-2031
5.2.1 Increased Emphasis on Offshore Drilling Activities
5.2.2 Evolving Drill Bit Design to Overcome Deepwater Challenges
5.2.3 Recovery Scenarios (V, U, W, L)
6 Global Oil & Gas Drill Bit Market Forecast, by Region, 2021-2031
6.1 Global Oil & Gas Drill Bit Market Forecast, by Region, 2021-2031
6.2 Recovery Scenarios (V, U, W, L)
7 North America Oil & Gas Drill Bit Market Forecast, 2021-2031
7.1 Technological Advancements in the Drilling Sector Helps to Economically Extract Oil & Gas
7.1 North America Oil & Gas Drill Bit Market Forecast by Country, 2021-2031
7.2 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
7.2.1 Recovery Scenarios (V, U, W, L)
7.3 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
7.3.1 Recovery Scenarios (V, U, W, L)
7.4 U.S. Oil & Gas Drill Bit Market Forecast 2021-2031
7.4.1 Increased Onshore Drilling Activities and the Implementation of Hydraulic Fracturing for the Extraction of Unconventional Resources
7.4.2 Heavy Investments in Drill Bits During the U.S. Shale Revolution
7.4.3 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
7.4.4 Recovery Scenarios (V, U, W, L)
7.4.5 U.S. Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
7.4.6 Recovery Scenarios (V, U, W, L)
7.5 Canada Oil & Gas Drill Bit Market Forecast 2021-2031
7.5.1 Investments in New Upstream Oil & Gas Projects to Support the Drill Bits Market
7.5.2 Canada Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
7.5.3 Recovery Scenarios (V, U, W, L)
7.5.4 Canada Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
7.5.5 Recovery Scenarios (V, U, W, L)
7.6 Mexico Oil & Gas Drill Bit Market Forecast 2021-2031
7.6.1 Oil & Gas Discoveries to Help Mexico Reduce Imports and Increase Demand for Drilling Tools
7.6.2 Pemex Aims at Increasing Natural Gas Production by 15% in 2021
7.6.3 Mexico Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
7.6.4 Recovery Scenarios (V, U, W, L)
7.6.5 Mexico Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
7.6.6 Recovery Scenarios (V, U, W, L)
8 Europe Oil & Gas Drill Bit Market Forecast, 2021-2031
8.1 Offshore Exploration Activities to Boost the Drill Bit Market
8.2 Europe Oil & Gas Drill Bit Market Forecast by Country, 2021-2031
8.3 Europe Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
8.3.1 Recovery Scenarios (V, U, W, L)
8.4 Europe Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
8.4.1 Recovery Scenarios (V, U, W, L)
8.5 UK Oil & Gas Drill Bit Market Forecast 2021-2031
8.5.1 Rising Offshore Exploration Activities Post-Pandemic
8.5.2 Challenges Associated with Environmental Concerns and Decarbonization Goals
8.5.3 UK Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
8.5.4 Recovery Scenarios (V, U, W, L)
8.5.5 UK Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
8.5.6 Recovery Scenarios (V, U, W, L)
8.6 Germany Oil & Gas Drill Bit Market Forecast 2021-2031
8.6.1 Recent Hydrocarbon Discoveries to Encourage Future Drilling Projects
8.6.2 Germany Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
8.6.3 Recovery Scenarios (V, U, W, L)
8.6.4 Germany Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
8.6.5 Recovery Scenarios (V, U, W, L)
8.7 Russia Oil & Gas Drill Bit Market Forecast 2021-2031
8.7.1 Russia is Drilling Wells While Preparing to Increase Production Levels in 2022
8.7.2 Highest Number of Discoveries Globally during 2020
8.7.3 Russia Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
8.7.4 Recovery Scenarios (V, U, W, L)
8.7.5 Russia Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
8.7.6 Recovery Scenarios (V, U, W, L)
8.8 Rest of Europe Oil & Gas Drill Bit Market Forecast 2021-2031
8.8.1 Rest of Europe Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
8.8.2 Recovery Scenarios (V, U, W, L)
8.8.3 Rest of Europe Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
8.8.4 Recovery Scenarios (V, U, W, L)
9 Asia-Pacific Oil & Gas Drill Bit Market Forecast, 2021-2031
9.1 Easing Restrictions For Foreign Investors in Exploration Projects
9.2 Asia-Pacific Oil & Gas Drill Bit Market Forecast by Country, 2021-2031
9.3 Asia Pacific Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
9.3.1 Recovery Scenarios (V, U, W, L)
9.4 Asia Pacific Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
9.4.1 Recovery Scenarios (V, U, W, L)
9.5 China Oil & Gas Drill Bit Market Forecast 2021-2031
9.5.1 Rising Investments and Partnerships in Oil Exploration and Production
9.5.2 Government Encouraging the Development of Unconventional Gas Resources
9.5.3 China Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
9.5.4 Recovery Scenarios (V, U, W, L)
9.5.5 China Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
9.5.6 Recovery Scenarios (V, U, W, L)
9.6 India Oil & Gas Drill Bit Market Forecast 2021-2031
9.6.1 Investments in Oil and Gas Exploration to Meet Rising Energy Demands
9.6.2 Hydrocarbon Discoveries Resulting in Increase in Domestic Production
9.6.3 India Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
9.6.4 Recovery Scenarios (V, U, W, L)
9.6.5 India Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
9.7 Japan Oil & Gas Drill Bit Market Forecast 2021-2031
9.7.1 Offshore and Onshore Exploratory Drilling Activities to Support the Drill Bit Market
9.7.2 Rising Demand for Oil & Gas and Increased Research & Exploration of Gas Hydrates to Overcome Shortages
9.7.3 Japan Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
9.7.4 Recovery Scenarios (V, U, W, L)
9.7.5 Japan Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
9.7.6 Recovery Scenarios (V, U, W, L)
9.8 Indonesia Oil & Gas Drill Bit Market Forecast 2021-2031
9.8.1 Indonesia Targets Drilling 1,000 Development Wells Annually by 2025
9.8.2 Investment Opportunities in Indonesia’s Oil and Gas Exploration Sector
9.8.3 Indonesia Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
9.8.4 Recovery Scenarios (V, U, W, L)
9.8.5 Indonesia Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
9.8.6 Recovery Scenarios (V, U, W, L)
9.9 Australia Oil & Gas Drill Bit Market Forecast 2021-2031
9.9.1 Unexplored Reserve of Hydrocarbons Expected to Boost Future Demand for Drill Bits
9.9.2 Australia Attracting Investment in Shale Resources Exploration
9.9.3 Australia Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
9.9.4 Recovery Scenarios (V, U, W, L)
9.9.5 Australia Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
9.9.6 Recovery Scenarios (V, U, W, L)
9.10 Rest of Asia-Pacific Oil & Gas Drill Bit Market Forecast 2021-2031
9.10.1 Rest of Asia Pacific Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
9.10.2 Recovery Scenarios (V, U, W, L)
9.10.3 Rest of Asia Pacific Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
9.10.4 Recovery Scenarios (V, U, W, L)
10 Middle East & Africa Oil & Gas Drill Bit Market Forecast, 2021-2031
10.1 Offshore Upstream Investments and Discoveries to Provide Necessary Boost to the Drill Bit Market
10.2 Middle East & Africa Oil & Gas Drill Bit Market Forecast by Country, 2021-2031
10.3 Middle East & Africa Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
10.3.1 Recovery Scenarios (V, U, W, L)
10.4 Middle East & Africa Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
10.4.1 Recovery Scenarios (V, U, W, L)
10.5 UAE Oil & Gas Drill Bit Market Forecast 2021-2031
10.5.1 UAE’s Thriving Oil Sector Provides Opportunities for Foreign Investors
10.5.2 Major Oil and Gas Discoveries in the UAE to Increase Demand for Drill Bits
10.5.3 UAE Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
10.5.4 Recovery Scenarios (V, U, W, L)
10.5.5 UAE Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
10.5.6 Recovery Scenarios (V, U, W, L)
10.6 Saudi Arabia Oil & Gas Drill Bit Market Forecast 2021-2031
10.6.1 New & Potential Hydrocarbon Discoveries to Boost Demand for Drill Bits
10.6.2 Development of Unconventional Resources in the Jafurah Shale Field
10.6.3 Saudi Arabia Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
10.6.4 Recovery Scenarios (V, U, W, L)
10.6.5 Saudi Arabia Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
10.6.6 Recovery Scenarios (V, U, W, L)
10.7 South Africa Oil & Gas Drill Bit Market Forecast 2021-2031
10.7.1 Offshore Oil Investments and Discoveries to Aid in Demand for Drilling Tools from Local Companies
10.7.2 Government Reserving Petroleum Blocks for Black Investors
10.7.3 South Africa Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
10.7.4 Recovery Scenarios (V, U, W, L)
10.7.5 South Africa Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
10.7.6 Recovery Scenarios (V, U, W, L)
10.8 Iran Oil & Gas Drill Bit Market Forecast 2021-2031
10.8.1 Investments Expected to Double Oil Production in Iraq, Increasing the Demand for Drill Bits
10.8.2 Iran Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
10.8.3 Recovery Scenarios (V, U, W, L)
10.8.4 Iran Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
10.8.5 Recovery Scenarios (V, U, W, L)
10.9 Rest of Middle East & Africa Oil & Gas Drill Bit Market Forecast 2021-2031
10.9.1 New Discoveries to Boost Exploration and Drilling Activities
10.9.2 Rest of Middle East & Africa Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
10.9.3 Rest of Middle East & Africa Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
10.9.4 Recovery Scenarios (V, U, W, L)
11 South America Oil & Gas Drill Bit Market Forecast, 2021-2031
11.1 Resuming Upstream O&G Operations to Aid in Post COVID-19 Economic Recovery
11.2 Increasing Investment to Support Future Oil Demand
11.3 South America Oil & Gas Drill Bit Market Forecast by Country, 2021-2031
11.4 South America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
11.4.1 Recovery Scenarios (V, U, W, L)
11.5 South America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
11.5.1 Recovery Scenarios (V, U, W, L)
11.6 Brazil Oil & Gas Drill Bit Market Forecast 2021-2031
11.6.1 Projected Rise in Number of Exploration Wells Over the Coming Years
11.6.2 Brazil Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
11.6.3 Recovery Scenarios (V, U, W, L)
11.6.4 Brazil Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
11.6.5 Recovery Scenarios (V, U, W, L)
11.7 Argentina Oil & Gas Drill Bit Market Forecast 2021-2031
11.7.1 Government and Private Companies Expected to Invest in Argentina’s Shale Play to Overcome Gas Shortages
11.7.2 Involvement of the U.S. in Argentina’s O&G Exploration Sector
11.7.3 Argentina Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
11.7.4 Recovery Scenarios (V, U, W, L)
11.7.5 Argentina Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
11.7.6 Recovery Scenarios (V, U, W, L)
11.8 Colombia Oil & Gas Drill Bit Market Forecast 2021-2031
11.8.1 New Discoveries and Investment in Exploration Wells to Support the Drill Bit Market
11.8.2 Columbia Plans 100 wells in the Permian Basin by 2021 End
11.8.3 Colombia Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
11.8.4 Recovery Scenarios (V, U, W, L)
11.8.5 Colombia Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
11.8.6 Recovery Scenarios (V, U, W, L)
11.9 Rest of South America Oil & Gas Drill Bit Market Forecast 2021-2031
11.9.1 Foreign Investments in the O&G Sector Coupled Increasing Need for Energy Security to Boost Drill Bit Demand
11.9.2 Rest of South America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031
11.9.3 Recovery Scenarios (V, U, W, L)
11.9.4 Rest of South America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031
11.9.5 Recovery Scenarios (V, U, W, L)
12 Company Profiles
12.1 Company Market Share Analysis, 2020
12.2 Mergers & Acquisition: Key Developments
12.3 New Product Development: Key Developments
12.4 Atlas Copco Group
12.4.1 Company Snapshot
12.4.2 Company Overview
12.4.3 Future Outlook
12.4.4 Financial Performance (2016-2020)
12.4.4.1 Net Revenue
12.4.4.2 Gross Profit
12.4.4.3 Geographical Revenue, 2020
12.4.4.4 Segmental Revenue, 2020
12.4.5 Product Benchmarking
12.4.6 Recent Developments, 2015-2021
12.5 Baker Hughes Company
12.5.1 Company Snapshot
12.5.2 Company Overview
12.5.3 Future Outlook
12.5.4 Financial Performance (2016-2020)
12.5.4.1 Net Revenue
12.5.4.2 Gross Profit
12.5.4.3 Geographical Revenue, 2020
12.5.4.4 Segmental Revenue, 2020
12.5.5 Product Benchmarking
12.5.6 Recent Developments, 2016-2021
12.6 Schlumberger Limited
12.6.1 Company Snapshot
12.6.2 Company Overview
12.6.3 Future Outlook
12.6.4 Financial Performance (2016-2020)
12.6.4.1 Net Revenue
12.6.4.2 Gross Profit
12.6.4.3 Geographical Revenue, 2020
12.6.4.4 Segmental Revenue, 2020
12.6.5 Product Benchmarking
12.6.6 Recent Developments, 2015-2020
12.7 NOV Inc.
12.7.1 Company Snapshot
12.7.2 Company Overview
12.7.3 Future Outlook
12.7.4 Financial Performance (2016-2020)
12.7.4.1 Net Revenue
12.7.4.2 Gross Profit
12.7.4.3 Geographical Revenue, 2020
12.7.4.4 Segmental Revenue, 2020
12.7.5 Product Benchmarking
12.7.6 Recent Developments, 2017-2021
12.8 Halliburton Company
12.8.1 Company Snapshot
12.8.2 Company Overview
12.8.3 Future Outlook
12.8.4 Financial Performance, (2016-2020)
12.8.4.1 Net Revenue
12.8.4.2 Gross Profit
12.8.4.3 Geographical Revenue, 2020
12.8.4.4 Segmental Revenue, 2020
12.8.5 Product Benchmarking
12.8.6 Recent Developments, 2018-2021
12.9 Sandvik AB
12.9.1 Company Snapshot
12.9.2 Company Overview
12.9.3 Future Outlook
12.9.4 Financial Performance (2016-2020)
12.9.4.1 Net Revenue
12.9.4.2 Gross Profit
12.9.4.3 Geographical Revenue, 2020
12.9.4.4 Segmental Revenue, 2020
12.9.5 Product Benchmarking
12.9.6 Recent Developments, 2018-2021
12.10 Caterpillar Inc.
12.10.1 Company Snapshot
12.10.2 Company Overview
12.10.3 Future Outlook
12.10.4 Financial Performance (2016-2020)
12.10.4.1 Net Revenue
12.10.4.2 Gross Profit
12.10.4.3 Geographical Revenue, 2020
12.10.4.4 Segmental Revenue, 2020
12.10.5 Product Benchmarking
12.10.6 Recent Developments, 2018-2020
12.11 Taurex Drill Bits LLC
12.11.1 Company Snapshot
12.11.2 Company Overview
12.11.3 Future Outlook
12.11.4 Product Benchmarking
12.11.5 Recent Developments, 2018-2021
12.12 Torquato Drilling Accessories
12.12.1 Company Snapshot
12.12.2 Company Overview
12.12.3 Future Outlook
12.12.4 Product Benchmarking
12.13 Ulterra
12.13.1 Company Snapshot
12.13.2 Company Overview
12.13.3 Product Benchmarking
12.13.4 Recent Developments, 2016-2021
12.14 Sichuan DeepFast Oil Drilling Tools Co. Ltd.
12.14.1 Company Snapshot
12.14.2 Company Overview
12.14.3 Product Benchmarking
12.14.4 Recent Developments, 2019
12.15 Taesung Co. Ltd.
12.15.1 Company Snapshot
12.15.2 Company Overview
12.15.3 Product Benchmarking
12.16 Bit Brokers International Ltd.
12.16.1 Company Snapshot
12.16.2 Company Overview
12.16.3 Product Benchmarking
12.17 Palmer Bit Co.
12.17.1 Company Snapshot
12.17.2 Company Overview
12.17.3 Product Benchmarking
12.18 Sinocoredrill Group Company Limited
12.18.1 Company Snapshot
12.18.2 Company Overview
12.18.3 Product Benchmarking
12.19 Other Notable Players
13 Conclusion
13.1 Concluding Remarks from
13.2 Recommendations for Market Players
13.2.1 Expansion in Developing Countries with Plans of Exploration
13.2.2 Collaborations Between Drilling Rig Operators and Manufacturers
LIST OF TABLES
Table 1 Oil & Gas Drill Bit Market, 2021-2031 (US$ million, CAGR %)
Table 2 Oil & Gas Drill Bit Market, 2021-2031 (Units, CAGR %)
Table 3 Global Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 4 Global Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%)
Table 5 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 6 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment Forecast, 2021-2031 (Units, AGR%, CAGR%)
Table 7 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment, by Type Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 8 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment, by Type Forecast, 2021-2031 (Units, AGR%, CAGR%)
Table 9 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment, by Type Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 10 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment, by Type Forecast, 2021-2031 (Units, AGR%, CAGR%): "V" Shaped Recovery
Table 11 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment, by Type Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 12 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment, by Type Forecast, 2021-2031 (Units, AGR%, CAGR%): "U" Shaped Recovery
Table 13 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment, by Type Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 14 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment, by Type Forecast, 2021-2031 (Units, AGR%, CAGR%): "W" Shaped Recovery
Table 15 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment, by Type Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 16 Global Oil & Gas Drill Bit Market for Roller Cone Cutter Bits Segment, by Type Forecast, 2021-2031 (Units, AGR%, CAGR%): "L" Shaped Recovery
Table 17 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 18 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment Forecast, 2021-2031 (Units, AGR%, CAGR%)
Table 19 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment, by Type Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 20 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment, by Type Forecast, 2021-2031 (Units, AGR%, CAGR%)
Table 21 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment, by Type Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 22 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment, by Type Forecast, 2021-2031 (Units, AGR%, CAGR%): "V" Shaped Recovery
Table 23 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment, by Type Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 24 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment, by Type Forecast, 2021-2031 (Units, AGR%, CAGR%): "U" Shaped Recovery
Table 25 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment, by Type Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W” Shaped Recovery
Table 26 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment, by Type Forecast, 2021-2031 (Units, AGR%, CAGR%): "W” Shaped Recovery
Table 27 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment, by Type Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 28 Global Oil & Gas Drill Bit Market for Fixed Cutter Bits Segment, by Type Forecast, 2021-2031 (Units, AGR%, CAGR%): "L" Shaped Recovery
Table 29 Global Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 30 Global Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (Units, AGR%, CAGR%)
Table 31 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 32 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (Units, AGR%, CAGR%)
Table 33 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 34 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (Units, AGR%, CAGR%): "V" Shaped Recovery
Table 35 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 36 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (Units, AGR%, CAGR%): "U" Shaped Recovery
Table 37 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 38 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (Units, AGR%, CAGR%): "W" Shaped Recovery
Table 39 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 40 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (Units, AGR%, CAGR%): "L" Shaped Recovery
Table 41 Global Oil & Gas Drill Bit Market for Offshore Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 42 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (Units, AGR%, CAGR%)
Table 43 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 44 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (Units, AGR%, CAGR%): "V" Shaped Recovery
Table 45 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 46 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (Units, AGR%, CAGR%): "U" Shaped Recovery
Table 47 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 48 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (Units, AGR%, CAGR%): "W" Shaped Recovery
Table 49 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 50 Global Oil & Gas Drill Bit Market for Onshore Segment Forecast, 2021-2031 (Units, AGR%, CAGR%): "L" Shaped Recovery
Table 51 Global Oil & Gas Drill Bit Market Forecast by Region, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 52 Global Oil & Gas Drill Bit Market Forecast by Region, 2021-2031 (Units, AGR%, CAGR%)
Table 53 Global Oil & Gas Drill Bit Market Forecast by Region, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 54 Global Oil & Gas Drill Bit Market Forecast by Region, 2021-2031 (Units, AGR%, CAGR%): "V" Shaped Recovery
Table 55 Global Oil & Gas Drill Bit Market Forecast by Region, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 56 Global Oil & Gas Drill Bit Market Forecast by Region, 2021-2031 (Units, AGR%, CAGR%): "U" Shaped Recovery
Table 57 Global Oil & Gas Drill Bit Market Forecast by Region, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 58 Global Oil & Gas Drill Bit Market Forecast by Region, 2021-2031 (Units, AGR%, CAGR%): "W" Shaped Recovery
Table 59 Global Oil & Gas Drill Bit Market Forecast by Region, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 60 Global Oil & Gas Drill Bit Market Forecast by Region, 2021-2031 (Units, AGR%, CAGR%): "L" Shaped Recovery
Table 61 North America Oil & Gas Drill Bit Market Forecast by Country, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 62 North America Oil & Gas Drill Bit Market Forecast by Country, 2021-2031 (Units, AGR%, CAGR%)
Table 63 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 64 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%)
Table 65 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 66 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%): "V" Shaped Recovery
Table 67 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 68 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%): "U" Shaped Recovery
Table 69 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 70 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%): "W" Shaped Recovery
Table 71 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 72 North America Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%): "L" Shaped Recovery
Table 73 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 74 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (Units, AGR%, CAGR%)
Table 75 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 76 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (Units, AGR%, CAGR%): "V" Shaped Recovery
Table 77 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 78 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (Units, AGR%, CAGR%): "U" Shaped Recovery
Table 79 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 80 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (Units, AGR%, CAGR%): "W" Shaped Recovery
Table 81 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 82 North America Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (Units, AGR%, CAGR%): "L" Shaped Recovery
Table 83 U.S. Oil & Gas Drill Bit Market Forecast, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 84 U.S. Oil & Gas Drill Bit Market Forecast, 2021-2031 (Units, AGR%, CAGR%)
Table 85 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 86 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%)
Table 87 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 88 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%): "V" Shaped Recovery
Table 89 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 90 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%): "U" Shaped Recovery
Table 91 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "W Shaped Recovery
Table 92 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%): "W" Shaped Recovery
Table 93 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 94 U.S. Oil & Gas Drill Bit Market Forecast by Type, 2021-2031 (Units, AGR%, CAGR%): "L" Shaped Recovery
Table 95 U.S. Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%)
Table 96 U.S. Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (Units, AGR%, CAGR%)
Table 97 U.S. Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%): "V" Shaped Recovery
Table 98 U.S. Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (Units, AGR%, CAGR%): "V" Shaped Recovery
Table 99 U.S. Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%): "U" Shaped Recovery
Table 100 U.S. Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (Units, AGR%, CAGR%): "U" Shaped Recovery
Table 101 U.S. Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%): "W" Shaped Recovery
Table 102 U.S. Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (Units, AGR%, CAGR%): "W" Shaped Recovery
Table 103 U.S. Oil & Gas Drill Bit Market Forecast by Application, 2021-2031 (US$ mn, AGR%, CAGR%): "L" Shaped Recovery
Table 104 U.S. Oil
