Oilfield drill bits are important tools used in the drilling of boreholes in the exploration of oil and gas activities. The drill bits are selected depending on the type of formation that is being drilled. Drill bits produce drill cuttings which can be removed later using drilling mud. Irrespective of type of drill bit, these bits need to suffice two main conditions that include maximizing the formations rate of penetration (ROP) while providing a long and sturdy service life.
The major factors propelling the growth of this market include increasing demand for crude oil and natural gas from countries globally.
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The global Oilfield Drill Bits market is valued at 5940 million US$ in 2018 is expected to reach 9540 million US$ by the end of 2025, growing at a CAGR of 6.1% during 2019-2025.
This report focuses on Oilfield Drill Bits volume and value at global level, regional level and company level. From a global perspective, this report represents overall Oilfield Drill Bits market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in Oilfield Drill Bits Market report are Baker Hughes Inc, Drill Master Inc., Schlumberger, Halliburton Inc., National Oilwell Varco Inc, Ulterra Drilling Technologies, Atlas Copco AB, Scientific Drilling International Inc and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 Oilfield Drill Bits Market Overview
2 Global Oilfield Drill Bits Market Competition by Manufacturers
3 Global Oilfield Drill Bits Production Market Share by Regions
4 Global Oilfield Drill Bits Consumption by Regions
5 Global Oilfield Drill Bits Production, Revenue, Price Trend by Type
6 Global Oilfield Drill Bits Market Analysis by Applications
7 Company Profiles and Key Figures in Oilfield Drill Bits Business
8 Oilfield Drill Bits Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Oilfield Drill Bits Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source