Global Downhole Drilling Tools Market by Type and Geography – Forecast to 2023: Tubular Accounts for the Largest Share – ResearchAndMarkets.com

The "Global Downhole Drilling Tools Market - Segmented by Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The drilling activity in 2017 improved with an increase of around 27% in quarterly active rig count compared to 2016. In 2018, the drilling activity is at its peak in the past three years supported by increasing crude oil price, which has already touched USD 70 per barrel market in April 2018.

The United Kingdom Continental Shelf witnessed the end of the sharp reduction in investment, end of underinvestment in Brazil and Argentina with strong government support and robust drilling activity in North America is expected to drive the demand for downhole drilling tools, such as drill pipes, drill collar, drill bit, and others.

Key Highlights

• Tubular Accounts for the Largest Share Among All Components
• Recovery in South America's Oil & Gas Industry is Supporting the Market
• United States is One of the Largest Markets for Downhole Drilling Tools

Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

• Caterpillar Inc.
• Cummins Inc.
• Kohler Co.
• Rolls-Royce Holding PLC
• Wartsila OYJ ABP
• Mitsubishi Heavy Industries Ltd.
• Hyundai Heavy Industries Co. Ltd.
• Man SE
• Volvo Penta
• Doosan Corp.
• Yanmar Holdings Co. Ltd.
• Kubota Corp.

For more information about this report visit https://www.researchandmarkets.com/research/zzlxd9/global_downhole?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005622/en/