Drilling Bits In Oil And Gas 2017 Global Market Expected To Grow At CAGR 4.75% And Forecast To 2021

Pune India - March 21, 2017 /MarketersMedia/ —

The analysts forecast the global drilling bits market in oil and gas to grow at a CAGR of 4.75% during the period 2017-2021.

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.

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Covered in this report

The report covers the present scenario and the growth prospects of the global drilling bits market in oil and gas for 2017-2021. To calculate the market size, the report considers the revenues that are generated from the sale of drill bit products in the oil and gas exploration market.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

The report, Global Drilling Bits Market in Oil and Gas 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Baker Hughes
• Halliburton
• National Oilwell Varco
• Schlumberger
• Varel International

Other prominent vendors
• Atlas Copco AB
• Bellwether Resources International
• Bit Brokers International
• Century Products
• DRILLBITS International (DBI)
• Drilformance
• Drill King International
• Drilling Products (DPI)
• Harvest Tool Company
• Hole Products
• Kay Rock Bit Company
• Master Oil Tool
• Nile Petroleum Industrial Company (NPICO)
• OTS International
• PDB Tools

Market driver
• Migration of drilling into unconventional areas
• For a full, detailed list, view our report

Market challenge
• Declining investments in oil and gas industry
• For a full, detailed list, view our report

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Market trend
• Integration of drill bits in bottom-hole assemblies
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Table Of Contents – Major Key Points

PART 01: Executive summary

PART 02: Scope of the report
• Market overview
• Top-vendor offerings

PART 03: Market research methodology
• Research methodology
• Economic indicators

PART 04: Introduction
• Key market highlights
• Technological overview

PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis

PART 06: Market segmentation by product type
• Global drill bit market in oil and gas by product type 2017-2021
• Global drill bit market in oil and gas by fixed cutter bits
• Global drill bit market in oil and gas by roller cone cutter bits

PART 07: Market segmentation by application
• Global drill bit market in oil and gas by application 2017-2021
• Global drill bit market by onshore
• Global drill bit market by offshore

PART 08: Market segmentation by Geography
• Global oil and gas drill bits market by geography 2017-2021
• Global oil and gas drill bits market by Americas
• Global oil and gas drill bits market by EMEA
• Global oil and gas drill bits market by APAC

PART 09: Market drivers
• Migration of drilling into unconventional areas
• Increased use of horizontal and multilateral wells
• Focus on reduction of non-productive time (NPT)

PART 10: Impact of drivers

PART 11: Market challenges
• Decreasing profitability of upstream petroleum companies
• Declining investments in oil and gas industry
• Reduction and optimization of drilling cost

………..CONTINUED

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