Global Drilling Bits Market in Oil and Gas 2017-2021

  • ID: 4039640
  • Report
  • Region: Global
  • 89 pages
  • TechNavio
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FEATURED COMPANIES

  • Atlas Copco AB
  • Bit Brokers International
  • Drilformance
  • Drilling Products (DPI)
  • Harvest Tool Company
  • Kay Rock Bit Company
  • MORE
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.

The 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

The 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 drivers
- Migration of drilling into unconventional areas
- For a full, detailed list, view the full report

Market challenges
- Declining investments in oil and gas industry
- For a full, detailed list, view the full report

Market trends
- Integration of drill bits in bottom-hole assemblies
- For a full, detailed list, view the full 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?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Atlas Copco AB
  • Bit Brokers International
  • Drilformance
  • Drilling Products (DPI)
  • Harvest Tool Company
  • Kay Rock Bit Company
  • MORE
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: About the Author

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
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FEATURED COMPANIES

  • Atlas Copco AB
  • Bit Brokers International
  • Drilformance
  • Drilling Products (DPI)
  • Harvest Tool Company
  • Kay Rock Bit Company
  • MORE
New Report Released: - Global Drilling Bits Market in Oil and Gas 2017-2021

The author of the report recognizes the following companies as the key players in the global drilling bits market in oil and gas: Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Varel International.

Other Prominent Vendors in the market are: 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, and PDB Tools.

Commenting on the report, an analyst from the research team said: “One of the major trends in the global oil and gas drill bits market is the integration of drill bits in bottom-hole assemblies. Currently, many end-users demand packaged solutions for their drilling operations instead of individual drill bits. These packaged drilling solutions for bottom-hole assemblies integrate motors, drilling systems, and bits, thereby reducing the time and energy needed to assemble and calibrate the individual components before use.”

According to the report, one of the major drivers for this market is migration of drilling into unconventional areas. One of the most striking feature of the recent generation of oil and gas exploration is the reaffirmation of the fact that the era of easy oil is closer to the end. This has resulted in inflated costs of hydrocarbon acquisition and has also displaced the operations worldwide.

Further, the report states that one of the major factors hindering the growth of this market is declining investments in oil and gas industry. The investments in oil and gas extraction as well as pipeline transport for 2016 are estimated at $21.26 billion. This comes to 1.5% lower than the earlier estimate of 2016. The decreasing trend stems from lower estimates for field development, shutdown, and removal. The field development is partly due to the fact that the fields have come on stream, and therefore their category was changed from development to on stream status.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Baker Hughes
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Varel International
  • 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
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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