Drilling Bits Market in Oil & Gas Industry - Global Industry Analysis, Size, Share, Growth By 2016 – 2022.

Florida, January 30, 2018: Market Research Engine has published a new report titled as “Drilling Bits Market in Oil and Gas Market By Product Analysis (Fixed cutter bits, Roller cone cutter bits); By Application Analysis (Onshore, Offshore) and by Regional Analysis - Global Forecast by 2016 – 2022.”

The global drilling bits market in oil & gas industry is projected to register a compound annual growth rate (CAGR) of 5% during the forecast period. The migration of drilling into unconventional areas, increased use of horizontal and multilateral wells, and focus on reduction of non-productive time are factors that are expected to fuel the growth of the market. The decreasing profitability of upstream petroleum companies, declining investments in the oil & gas industry, and reduction and optimization of drilling cost are factors that challenge the growth of the market.

A glimpse of the report structure is provided in the report description available on the website.
https://www.marketresearchengine.com/drilling-bits-market

In this report, the global drilling bits market in oil & gas industry is segmented by product, application, and region. The market on the basis of product is segmented into fixed cutter bits and roller cone cutter bits. On the basis of application, the market is segmented into onshore and offshore.

The global drilling bits market in oil & gas industry is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, and Rest of the World. North America accounted for the largest market share in 2016 and is expected to continue the same trend during the forecast period. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Brazil, and GCC countries. The report includes a detailed study of the global and regional drilling bits market in oil & gas industry and analyzes the variations in the growth of the industry in certain regions.

This report covers the drilling bits market in oil & gas industry, in terms of value, and forecasts the market size till 2022. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global drilling bits market in oil & gas industry. National Oilwell Varco, Baker Hughes, Halliburton, Varel International, and Schlumberger are the most active players in the drilling bits market in oil & gas industry. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The deep-dive study on the drilling bits market in oil & gas industry will help customers with the identification of new market opportunities and targeted promotional plans. The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022.

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