Global Drilling Tools Market is
projected to reach USD 8.97 Billion by 2023, growing at a CAGR of over 4%
during the forecast period owing to increasing drilling activities, growing
technological advancements, increase in shale gas exploration activities and development
of Deepwater oil & gas fields. Based on type, the market has been
categorised into Drill Bits, Drilling Tubulars, Drilling Motors, Drill Reamers
and Stabilizers, Drill Collars, Drill Jars, Drill Swivels, Mechanical Thrusters.
The drilling tubulars segment is anticipated to be the largest market during
the forecast period due to growing drilled footage and the development of
Deepwater oil & gas fields. North America dominated the market in 2017 and
is anticipated to dominate the global drilling tools market during the forecast
period due to the increasing shale gas production and the new energy reforms
from the US government. Some of the leading players in the drilling tools
market include Schlumberger, Weatherford, National Oilwell Varco among others.
Years
considered for this report:
Historical Years: 2013-2016
Base Year: 2017
Estimated Year: 2018
Forecast Period: 2018–2023
Objective of the Study:
- To analyse and forecast the market size of Drilling Tools Market,
in terms of value.
- To classify and forecast Global Drilling Tools Market based on
type, application and regional distribution.
- To identify drivers and challenges for Global Drilling Tools Market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in Global Drilling Tools Market.
- To conduct the pricing analysis for Drilling Tools Market.
- To identify and analyse the profile of leading players involved in
the manufacturing of Global Drilling Tools Market.
Click here to download the brochure
Some of the leading players in the Global
Drilling Tools Market are Gyrodata, Baker Hughes, Halliburton, Schlumberger,
Cougar Drilling Solutions, Drilling Tools International, Pacesetter Directional
Drilling, Tianhe Oil Group, Wenzel Downhole Tools, Bico Drilling Tools etc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the suppliers which
could not be identified due to the limitations of secondary research. TechSci
Research analysed the service offerings, distribution channels and presence of all
major collaboration manufacturer across the globe.
TechSci
Research calculated the market size of Global Drilling Tools Market using a bottom-up approach, where data for various end user
industries and its application across various product types were recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through analysing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor
presentations and financial reports were also used by TechSci Research.
Key Target
Audience:
- Drilling Tools Manufacturers
- Oilfield Service Providers
- Private Equity Groups
- Traders, Distributors, and
Suppliers
- Raw Material Suppliers
- Industry associations and
experts
- Research organizations and
consulting companies.
- Research Institutes
- Industry associations
- Market research and
consulting firm.
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as collaboration
manufacturer and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Global Drilling Tools Market has been segmented
into following categories, in addition to the industry trends which have also
been detailed below:
- Market, By Type:
- Drill Bits
- Drilling Tubulars
- Drilling Motors
- Drill Reamers and Stabilizers
- Drill Collars
- Drill Jars
- Drill Swivels
- Mechanical Thrusters
- Market, By Application:
- Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United
Kingdom
- Italy
- Spain
- North America
- United
States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South
Africa
- Saudi
Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Drilling Tools Market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according the company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and
indirect sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com