August 20, 2018 - 6:30 AM EDT
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The Global Drill Bit Market 2018-2023: Roller Cone Bits Accounts for the Largest Share Among Types -


The "Global Drill Bit Market - Segmented by Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to's offering.

The drill bit market follows drilling activity across the globe.

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 help in the growth of drill bit market.

Key Highlights

  • Roller Cone Bits Accounts for the Largest Share among Types
  • Recovery in South America's Oil & Gas Industry is Supporting the Market
  • United States is One of the Largest Markets for Drill Bit

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

  • Halliburton Company
  • Schlumberger Limited
  • National-Oilwell Varco Inc.
  • Sandvik AB
  • Rockpecker Limited
  • Baker Hughes (a GE Company)
  • Weatherford International PLC
  • Landrill Oil Tools Co. Ltd.
  • Varel International Energy Services Inc.
  • Ulterra Drilling Technologies L.P.

10. Competitive Landscape

For more information about this report visit
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
Related Topics: Hand Tools

Source: Business Wire (August 20, 2018 - 6:30 AM EDT)

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