Oilfield drill bits are important tools used in the drilling of boreholes in the exploration of oil and gas activities. The drill bits are selected depending on the type of formation that is being drilled. Drill bits produce drill cuttings which can be removed later using drilling mud. Irrespective of type of drill bit, these bits need to suffice two main conditions that include maximizing the formations rate of penetration (ROP) while providing a long and sturdy service life.

Scope of the Report:
This report focuses on the Oilfield Drill Bits 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.
The major factors propelling the growth of this market include increasing demand for crude oil and natural gas from countries globally.
The worldwide market for Oilfield Drill Bits is expected to grow at a CAGR of roughly 6.2% over the next five years, will reach 8520 million US$ in 2023, from 5940 million US$ in 2017, according to a new study.

Market Segment by Manufacturers, this report covers
Baker Hughes Inc
Drill Master Inc.
Schlumberger
Halliburton Inc.
National Oilwell Varco Inc
Ulterra Drilling Technologies
Atlas Copco AB
Scientific Drilling International Inc

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Roller Cone Bits
Fixed Cutter Bits

Market Segment by Applications, can be divided into
Onshore
Offshore

There are 15 Chapters to deeply display the global Oilfield Drill Bits market.
Chapter 1, to describe Oilfield Drill Bits Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Oilfield Drill Bits, with sales, revenue, and price of Oilfield Drill Bits, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Oilfield Drill Bits, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Oilfield Drill Bits market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Oilfield Drill Bits sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source