About Drilling Bits
Drill 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.
Technavio’s analysts forecast the global drilling bits market in oil and gas to grow at a CAGR of 4.75% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global drilling bits market in oil and gas for 2017-2021. To calculate the market size, the report considers the revenues that are generated from the sale of drill bit products in the oil and gas exploration market.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Drilling Bits Market in Oil and Gas 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Baker Hughes
• Halliburton
• National Oilwell Varco
• Schlumberger
• Varel International
Other prominent vendors
• Atlas Copco AB
• Bellwether Resources International
• Bit Brokers International
• Century Products
• DRILLBITS International (DBI)
• Drilformance
• Drill King International
• Drilling Products (DPI)
• Harvest Tool Company
• Hole Products
• Kay Rock Bit Company
• Master Oil Tool
• Nile Petroleum Industrial Company (NPICO)
• OTS International
• PDB Tools
Market driver
• Migration of drilling into unconventional areas
• For a full, detailed list, view our report
Market challenge
• Declining investments in oil and gas industry
• For a full, detailed list, view our report
Market trend
• Integration of drill bits in bottom-hole assemblies
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
• Technological overview
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by product type
• Global drill bit market in oil and gas by product type 2017-2021
• Global drill bit market in oil and gas by fixed cutter bits
• Global drill bit market in oil and gas by roller cone cutter bits
PART 07: Market segmentation by application
• Global drill bit market in oil and gas by application 2017-2021
• Global drill bit market by onshore
• Global drill bit market by offshore
PART 08: Market segmentation by Geography
• Global oil and gas drill bits market by geography 2017-2021
• Global oil and gas drill bits market by Americas
• Global oil and gas drill bits market by EMEA
• Global oil and gas drill bits market by APAC
PART 09: Market drivers
• Migration of drilling into unconventional areas
• Increased use of horizontal and multilateral wells
• Focus on reduction of non-productive time (NPT)
PART 10: Impact of drivers
PART 11: Market challenges
• Decreasing profitability of upstream petroleum companies
• Declining investments in oil and gas industry
• Reduction and optimization of drilling cost
PART 12: Impact of drivers and challenges
PART 13: Market trends
• Integration of drill bits in bottom-hole assemblies
• Development of application-specific bit technology
• Advancement of EOR technology
PART 14: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 15: Key vendor analysis
• National Oilwell Varco
• Baker Hughes
• Halliburton
• Varel International
• Schlumberger
PART 16: Appendix
• List of abbreviations
PART 17: Explore Technavio
List of Exhibits
Exhibit 01: Key countries in each region
Exhibit 02: Product offerings
Exhibit 03: Oil and gas market value chain
Exhibit 04: Petroleum upstream activities stages
Exhibit 05: Drill bits types
Exhibit 06: Different drill bit types and their impact on different parameters
Exhibit 07: Segmentation of drill bit market in oil and gas
Exhibit 08: Global drill bit market in oil and gas 2016-2021 ($ million)
Exhibit 09: Five forces analysis
Exhibit 10: Global drill bits market in oil and gas by product type 2016-2021 (%)
Exhibit 11: Global drill bit market in oil and gas by type 2016-2021 ($ million)
Exhibit 12: Global drill bit market in oil and gas by fixed cutter bits 2016-2021 ($ million)
Exhibit 13: Global drill bit market in oil and gas by roller cone bits 2016-2021 ($ million)
Exhibit 14: Global drill bit market in oil and gas by application 2016-2021 (%)
Exhibit 15: Global drill bit market in oil and gas by application 2016-2021 ($ million)
Exhibit 16: Global drill bit market by onshore 2016-2021 ($ million)
Exhibit 17: Global drill bit market by offshore 2016-2021 ($ million)
Exhibit 18: Global drill bits market in oil and gas by geography 2016-2021 (%)
Exhibit 19: Global drill bit market in oil and gas by geography 2016-2021 ($ million)
Exhibit 20: Americas oil and gas drill bit market outlook 2016-2021 ($ million)
Exhibit 21: US offshore rig count 2015-2016
Exhibit 22: US onshore rig count 2015-2016
Exhibit 23: EMEA oil and gas drill bit market outlook 2016-2021 ($ million)
Exhibit 24: APAC oil and gas drill bit market outlook 2016-2021 ($ million)
Exhibit 25: Shifting bases of hydrocarbon exploration
Exhibit 26: Different well types
Exhibit 27: Illustration showing different well types
Exhibit 28: Cost of crude oil production in various countries ($/Bbl.)
Exhibit 29: Impact of drivers
Exhibit 30: Global crude oil price disparity over last decade
Exhibit 31: Comparison of profits at different crude prices (in $/barrel of crude oil)
Exhibit 32: Investment over in oil and gas industry ($ million)
Exhibit 33: Impact of drivers and challenges
Exhibit 34: Business segmentation by revenue, 2015
Exhibit 35: Key vendor offerings
Exhibit 36: Recent developments
Exhibit 37: Business segmentation by revenue 2015
Exhibit 38: Key vendor offerings
Exhibit 39: Recent developments
Exhibit 40: Business segmentation by revenue 2015
Exhibit 41: Key vendor offerings
Exhibit 42: Key vendor offerings
Exhibit 43: Recent developments
Exhibit 44: Business segmentation by revenue, 2105
Exhibit 45: Key vendor offerings
Exhibit 46: Recent developments
