17:33 | 29.12.2017
Global Oil Field Drill Bits – Expected to Reach $10.3 Billion by 2022 – Research and Markets

The “Oil
Field Drill Bits – Global Market Outlook (2016-2022)” report
has been added to Research and Markets’ offering.

The Global Oil Field Drill Bits market is expected to grow from $5.93
billion in 2016 to reach $10.31 billion by 2022 with a CAGR of 9.6%.

Growing exploration & production activities coupled with increasing
demand for energy, technological advancements in oil field drill bits,
increasing demand for oil & gas, and huge investments on new offshore
reserves are some of the other factors fuelling the market growth during
the forecast period. However, slow down in offshore drilling in few
regions, high capital investments are the restraints impeding the market

By Drill Bits Type, Roller Cone Cutter Bit segment commands the global
market due to its cost efficiency and its performance. The onshore
segment is anticipated to be a largest segment during the forecast
period. North America is anticipated to hold the largest share in global
market due to the technological advancements, increasing exploration &
production activities. Asia Pacific is anticipated to be a fastest
growing region.
Drill Bits Types Covered:
Roller Cone Cutter Bits

Tungsten Carbide Inserts

Milled-tooth Bits

Fixed Cutter Bits

Natural Diamond Bits

Polycrystalline Diamond Bits
Applications Covered:
Off Shore Drilling

On Shore Drilling
Companies Mentioned
Bellwether Resources International

Atlas Copco AB

Bit Brokers International

Drill King International

DRILLBITS International (DBI)


Harvest Tool Company

Kay Rock Bit Company

National Oilwell Varco

Nile Petroleum Industrial Company (NPICO)

OTS International

Palmer Bit Co.


Schlumberger Limited

Tercel Oilfield Products Limited

Varel International, Inc.
Key Topics Covered:
1. Executive Summary

2. Preface

3. Market Trend Analysis

4. Porters Five Force Analysis

5. Global Oil Field Drill Bits Market, By Drill Bits Type

6. Global Oil Field Drill Bits Market, By Application

7. Global Oil Field Drill Bits Market, By Geography

8. Key Developments

9. Company Profiling

For more information about this report visit
View source version on


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