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The drilling tools market has been further segmented, based on type, into drill bits, drill collars, drilling tubulars, drill swivels, drilling motors, drill reamers and stabilizers, mechanical thrusters, shock tools, and drilling jars. The drilling tubulars segment is expected to be the largest market due to increasing drilled footage and the development of deepwater oil & gas fields.
Onshore drilling is more cost-effective and less complex than offshore. Offshore drilling requires higher capital investments and is complex due to depth, complicated well formations, and instability.
Market Analysis and Insights: Global Drilling Tools Market
The global Drilling Tools market size is projected to reach US$ 8184 million by 2026, from US$ 6525.1 million in 2020, at a CAGR of 3.8% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Drilling Tools market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Drilling Tools market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Drilling Tools market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Drilling Tools market.
Global Drilling Tools Scope and Market Size
Drilling Tools market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Drilling Tools market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Drill Bits
Drill Collars
Drilling Jars
Drilling Motors
Drilling Tubulars
Drill Swivels
Drill Reamers and Stabilizers
Mechanical Thrusters
Shock Tools
Onshore
Offshore
Based on regional and country-level analysis, the Drilling Tools market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
In the competitive analysis section of the report, leading as well as prominent players of the global Drilling Tools market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
Benchmarking
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford
Cougar Drilling Solutions
Drilling Tools International
Rubicon Oilfield International
Bico Drilling Tools
Dynomax Drilling Tools
GyrodatA
Pacesetter Directional Drilling
Scientific Drilling
Tianhe Oil Group
Wenzel Downhole Tools
Onshore drilling is more cost-effective and less complex than offshore. Offshore drilling requires higher capital investments and is complex due to depth, complicated well formations, and instability.
Market Analysis and Insights: Global Drilling Tools Market
The global Drilling Tools market size is projected to reach US$ 8184 million by 2026, from US$ 6525.1 million in 2020, at a CAGR of 3.8% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Drilling Tools market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Drilling Tools market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Drilling Tools market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Drilling Tools market.
Global Drilling Tools Scope and Market Size
Drilling Tools market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Drilling Tools market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Market segment by Type, the product can be split into
Drill Bits
Drill Collars
Drilling Jars
Drilling Motors
Drilling Tubulars
Drill Swivels
Drill Reamers and Stabilizers
Mechanical Thrusters
Shock Tools
Market segment by Application, split into
Onshore
Offshore
Based on regional and country-level analysis, the Drilling Tools market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
In the competitive analysis section of the report, leading as well as prominent players of the global Drilling Tools market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
The key players covered in this study
Benchmarking
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford
Cougar Drilling Solutions
Drilling Tools International
Rubicon Oilfield International
Bico Drilling Tools
Dynomax Drilling Tools
GyrodatA
Pacesetter Directional Drilling
Scientific Drilling
Tianhe Oil Group
Wenzel Downhole Tools
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
