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Oil and Gas Drill Bits - Global Market Trajectory & Analytics

  • ID: 5029961
  • Report
  • July 2020
  • Region: Global
  • 176 pages
  • Global Industry Analysts, Inc
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Global Oil and Gas Drill Bits Market to Reach US$8.4 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Oil and Gas Drill Bits estimated at US$6.2 Billion in the year 2020, is projected to reach a revised size of US$8.4 Billion by 2027, growing at a CAGR of 4.4% over the period 2020-2027.Roller Cone Cutter Bits, one of the segments analyzed in the report, is projected to grow at a 4.2% CAGR to reach US$5.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fixed Cutter Bits segment is readjusted to a revised 4.8% CAGR for the next 7-year period. This segment currently accounts for a 36.9% share of the global Oil and Gas Drill Bits market.

The U. S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 7.8% CAGR for the Period of 2020-2027

The Oil and Gas Drill Bits market in the U. S. is estimated at US$1.7 Billion in the year 2020. The country currently accounts for a 26.94% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.8 Billion in the year 2027 trailing a CAGR of 7.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR while Rest of European market (as defined in the study) will reach US$1.8 Billion by the year 2027.The publisher brings years of research experience to this 5th edition of our report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • Atlas Copco AB
  • Baker Hughes, a GE company
  • Bellwether Resources International, Inc.
  • Bit Brokers International
  • Century Products Inc.
  • DRILBITS International Private Limited
  • Drilformance LLC.
  • Drill King International. L. P.
  • Drilling Products, Inc.
  • Halliburton
  • Harvest Tool Company, LLC
  • Hole Products, Inc.
  • Kay Rock Bit Company
  • National Oilwell Varco, Inc.
  • OTS International, Inc.
  • PDB Tools Inc.
  • Schlumberger Ltd.
  • Varel International Energy Services, Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Drilling Bits Market in Oil and Gas Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Oil and Gas Drill Bits Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Oil and Gas Drill Bits Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Oil and Gas Drill Bits Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Roller Cone Cutter Bits (Type) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Roller Cone Cutter Bits (Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Roller Cone Cutter Bits (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Fixed Cutter Bits (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Fixed Cutter Bits (Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Fixed Cutter Bits (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Drilling Bits Market in Oil and Gas Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 10: United States Oil and Gas Drill Bits Market Estimates and Projections in US$ Million by Type: 2020 to 2027
TABLE 11: Oil and Gas Drill Bits Market in the United States by Type: A Historic Review in US$ Million for 2012-2019
TABLE 12: United States Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

CANADA

TABLE 13: Canadian Oil and Gas Drill Bits Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 14: Canadian Oil and Gas Drill Bits Historic Market Review by Type in US$ Million: 2012-2019
TABLE 15: Oil and Gas Drill Bits Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027

JAPAN

TABLE 16: Japanese Market for Oil and Gas Drill Bits: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 17: Oil and Gas Drill Bits Market in Japan: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
TABLE 18: Japanese Oil and Gas Drill Bits Market Share Analysis by Type: 2012 VS 2020 VS 2027

CHINA

TABLE 19: Chinese Oil and Gas Drill Bits Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 20: Oil and Gas Drill Bits Historic Market Analysis in China in US$ Million by Type: 2012-2019
TABLE 21: Chinese Oil and Gas Drill Bits Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE

Market Facts & Figures

European Drilling Bits Market in Oil and Gas Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 22: European Oil and Gas Drill Bits Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 23: Oil and Gas Drill Bits Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 24: European Oil and Gas Drill Bits Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: European Oil and Gas Drill Bits Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 26: Oil and Gas Drill Bits Market in Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
TABLE 27: European Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

FRANCE

TABLE 28: Oil and Gas Drill Bits Market in France by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 29: French Oil and Gas Drill Bits Historic Market Scenario in US$ Million by Type: 2012-2019
TABLE 30: French Oil and Gas Drill Bits Market Share Analysis by Type: 2012 VS 2020 VS 2027

GERMANY

TABLE 31: Oil and Gas Drill Bits Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 32: German Oil and Gas Drill Bits Historic Market Analysis in US$ Million by Type: 2012-2019
TABLE 33: German Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

ITALY

TABLE 34: Italian Oil and Gas Drill Bits Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 35: Oil and Gas Drill Bits Historic Market Analysis in Italy in US$ Million by Type: 2012-2019
TABLE 36: Italian Oil and Gas Drill Bits Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM

TABLE 37: United Kingdom Market for Oil and Gas Drill Bits: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 38: Oil and Gas Drill Bits Market in the United Kingdom: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
TABLE 39: United Kingdom Oil and Gas Drill Bits Market Share Analysis by Type: 2012 VS 2020 VS 2027

SPAIN

TABLE 40: Spanish Oil and Gas Drill Bits Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 41: Spanish Oil and Gas Drill Bits Historic Market Review by Type in US$ Million: 2012-2019
TABLE 42: Oil and Gas Drill Bits Market in Spain: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027

RUSSIA

TABLE 43: Russian Oil and Gas Drill Bits Market Estimates and Projections in US$ Million by Type: 2020 to 2027
TABLE 44: Oil and Gas Drill Bits Market in Russia by Type: A Historic Review in US$ Million for 2012-2019
TABLE 45: Russian Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 46: Rest of Europe Oil and Gas Drill Bits Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 47: Oil and Gas Drill Bits Market in Rest of Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
TABLE 48: Rest of Europe Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 49: Asia-Pacific Oil and Gas Drill Bits Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 50: Oil and Gas Drill Bits Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 51: Asia-Pacific Oil and Gas Drill Bits Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 52: Oil and Gas Drill Bits Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 53: Asia-Pacific Oil and Gas Drill Bits Historic Market Scenario in US$ Million by Type: 2012-2019
TABLE 54: Asia-Pacific Oil and Gas Drill Bits Market Share Analysis by Type: 2012 VS 2020 VS 2027

AUSTRALIA

TABLE 55: Oil and Gas Drill Bits Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 56: Australian Oil and Gas Drill Bits Historic Market Analysis in US$ Million by Type: 2012-2019
TABLE 57: Australian Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

INDIA

TABLE 58: Indian Oil and Gas Drill Bits Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 59: Indian Oil and Gas Drill Bits Historic Market Review by Type in US$ Million: 2012-2019
TABLE 60: Oil and Gas Drill Bits Market in India: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027

SOUTH KOREA

TABLE 61: Oil and Gas Drill Bits Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 62: South Korean Oil and Gas Drill Bits Historic Market Analysis in US$ Million by Type: 2012-2019
TABLE 63: Oil and Gas Drill Bits Market Share Distribution in South Korea by Type: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 64: Rest of Asia-Pacific Market for Oil and Gas Drill Bits: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 65: Oil and Gas Drill Bits Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
TABLE 66: Rest of Asia-Pacific Oil and Gas Drill Bits Market Share Analysis by Type: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 67: Latin American Oil and Gas Drill Bits Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 68: Oil and Gas Drill Bits Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 69: Latin American Oil and Gas Drill Bits Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 70: Latin American Oil and Gas Drill Bits Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 71: Oil and Gas Drill Bits Historic Market Analysis in Latin America in US$ Million by Type: 2012-2019
TABLE 72: Latin American Oil and Gas Drill Bits Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

ARGENTINA

TABLE 73: Argentinean Oil and Gas Drill Bits Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 74: Oil and Gas Drill Bits Market in Argentina in US$ Million by Type: A Historic Review for the Period 2012-2019
TABLE 75: Argentinean Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

BRAZIL

TABLE 76: Oil and Gas Drill Bits Market in Brazil by Type: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 77: Brazilian Oil and Gas Drill Bits Historic Market Scenario in US$ Million by Type: 2012-2019
TABLE 78: Brazilian Oil and Gas Drill Bits Market Share Analysis by Type: 2012 VS 2020 VS 2027

MEXICO

TABLE 79: Oil and Gas Drill Bits Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 80: Mexican Oil and Gas Drill Bits Historic Market Analysis in US$ Million by Type: 2012-2019
TABLE 81: Mexican Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 82: Rest of Latin America Oil and Gas Drill Bits Market Estimates and Projections in US$ Million by Type: 2020 to 2027
TABLE 83: Oil and Gas Drill Bits Market in Rest of Latin America by Type: A Historic Review in US$ Million for 2012-2019
TABLE 84: Rest of Latin America Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 85: The Middle East Oil and Gas Drill Bits Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 86: Oil and Gas Drill Bits Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 87: The Middle East Oil and Gas Drill Bits Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 88: The Middle East Oil and Gas Drill Bits Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
TABLE 89: The Middle East Oil and Gas Drill Bits Historic Market by Type in US$ Million: 2012-2019
TABLE 90: Oil and Gas Drill Bits Market in the Middle East: Percentage Share Breakdown of Sales by Type for 2012,2020, and 2027

IRAN

TABLE 91: Iranian Market for Oil and Gas Drill Bits: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
TABLE 92: Oil and Gas Drill Bits Market in Iran: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
TABLE 93: Iranian Oil and Gas Drill Bits Market Share Analysis by Type: 2012 VS 2020 VS 2027

ISRAEL

TABLE 94: Israeli Oil and Gas Drill Bits Market Estimates and Forecasts in US$ Million by Type: 2020-2027
TABLE 95: Oil and Gas Drill Bits Market in Israel in US$ Million by Type: A Historic Review for the Period 2012-2019
TABLE 96: Israeli Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 97: Saudi Arabian Oil and Gas Drill Bits Market Growth Prospects in US$ Million by Type for the Period 2020-2027
TABLE 98: Oil and Gas Drill Bits Historic Market Analysis in Saudi Arabia in US$ Million by Type: 2012-2019
TABLE 99: Saudi Arabian Oil and Gas Drill Bits Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED ARAB EMIRATES

TABLE 100: Oil and Gas Drill Bits Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 101: United Arab Emirates Oil and Gas Drill Bits Historic Market Analysis in US$ Million by Type: 2012-2019
TABLE 102: Oil and Gas Drill Bits Market Share Distribution in United Arab Emirates by Type: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 103: Oil and Gas Drill Bits Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
TABLE 104: Rest of Middle East Oil and Gas Drill Bits Historic Market Analysis in US$ Million by Type: 2012-2019
TABLE 105: Rest of Middle East Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

AFRICA

TABLE 106: African Oil and Gas Drill Bits Market Estimates and Projections in US$ Million by Type: 2020 to 2027
TABLE 107: Oil and Gas Drill Bits Market in Africa by Type: A Historic Review in US$ Million for 2012-2019
TABLE 108: African Oil and Gas Drill Bits Market Share Breakdown by Type: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 38

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