Global Gas and Oil Drill Bits Market Size and Forecast 2025: Halliburton, National Oilwell Varco, Schlumberger, Varel International

Qyresearchreports include new market research report Global Gas and Oil Drill Bits Market Professional Survey Report 2018 to its huge collection of research reports.

This report studies the global Gas and Oil Drill Bits market status and forecast, categorizes the global Gas and Oil Drill Bits market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).

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.

Due to their specific custom design properties and the introduction of new technologies in components and material strength design, the fixed cutter segment accounted for the major shares and dominated the market. According to this market research report, this segment will continue to dominate the market during the next few years as well.

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This market research and analysis estimates that the onshore activities segment accounted for the major revenue shares and dominated the market. The rise in demand for energy which consequently resulted in increased drilling activities by major oil and gas companies will drive market growth in this segment in the coming years.

The global Gas and Oil Drill Bits market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025.

The major manufacturers covered in this report
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Varel International
Atlas Copco AB
Bellwether Resources International
Bit Brokers International
Century Products
Drillbits International (DBI)
Drilformance

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Fixed Cutter
Roller Cone
Other

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By Application, the market can be split into
Onshore
Offshore

The study objectives of this report are:
To analyze and study the global Gas and Oil Drill Bits capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
Focuses on the key Gas and Oil Drill Bits manufacturers, to study the capacity, production, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Gas and Oil Drill Bits are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders
Gas and Oil Drill Bits Manufacturers
Gas and Oil Drill Bits Distributors/Traders/Wholesalers
Gas and Oil Drill Bits Subcomponent Manufacturers
Industry Association
Downstream Vendors

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This release was published on openPR.