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.
Scope of the Report:
This report focuses on the Drill Bits in Oil and Gas in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
With the era of easy oil nearing the end, oil and gas companies will start looking out for unconventional avenues around the globe for exploration and production activities. For instance, the decreasing production rates in the established regions such as the Middle East, Gulf of Mexico, and North Sea has already induced energy companies to move out to other areas like the Yamal basin in Russia, Andaman Sea in the Indian sub-continent, and several regions in the Arctic and Antarctic. This increase in new exploration and production activities will result in the rise in demand for drilling equiment, in turn, driving market growth.
The market is characterized by the presence of a considerable number of players and is competitive. The market is dominated by the major players who occupy large market shares despite having the least geographical presence. To gain a competitive advantage over their competitors, market players follow M&A strategies and also focus on creating joint ventures, contracts, agreements, and partnerships with other vendors. To cater to the changing market dynamics ...
Table of Contents
1 Market Overview
1.1 Drill Bits in Oil and Gas Introduction
1.2 Market Analysis by Type
1.2.1 Fixed cutter
1.2.2 Roller cone
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
126.96.36.199 United States Market States and Outlook (2013-2023)
188.8.131.52 Canada Market States and Outlook (2013-2023)
184.108.40.206 Mexico Market States and Outlook (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
220.127.116.11 Germany Market States and Outlook (2013-2023)
18.104.22.168 France Market States and Outlook (2013-2023)
22.214.171.124 UK Market States and Outlook (2013-2023)
126.96.36.199 Russia Market States and Outlook (2013-2023)
188.8.131.52 Italy Market States and Outlook (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and South ...