Global Drill Bits in the Oil and Gas Industry Market 2014-2018

  • TEC169823
  • 57 Pages
  • November 2014
  • Machines
About Drill Bits
Drill bits are mechanical tools used for cutting or crushing rocks to create well bores for the extraction of hydrocarbon resources. They are mainly used for drilling operations that are carried out on any oil or gas well either onshore or offshore. Drill bits can be broadly classified into two major categories, namely, fixed cutter bits and roller cone bits. Fixed cutter bits mainly include PDC bits and natural diamond bits, while roller cone bits include milled-tooth bits and tungsten carbide inserts or insert bits.
TechNavio's analysts forecast the Global Drill Bits in Oil and Gas Industry market to grow at a CAGR of 4.88 percent over the period 2013-2018.
Covered in this Report
The Global Drill Bits in Oil and Gas Industry market can be segmented into two divisions: Fixed Cutter Bits and Roller Cone Bits.
TechNavio's report, the Global Drill Bits in Oil and Gas Industry market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Drill Bits in Oil and Gas Industry market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Key Regions
Key Vendors
Baker Hughes
Other Prominent Vendors

Atlas Copco
Cangzhou Great Drill
Champion Cutting Tool
Guizhou Sinodrills Equipment
NewTech Drilling Products
Irwin Industrial Tool
Rock River Tool
Weatherford International
Varel International
Market Driver
Increase in Oil and Gas Drilling Activities
For a full, detailed list, view our report
Market Challenge
Adoption of Rental Model
For a full, detailed list, view our report
Market Trend
Integration of Drill Bits in Bottom-hole Assemblies
For a full, detailed list, view our report
Key Questions Answered in this Report
What will the market size be in 2018 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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