Report Description

Global Drilling Tools Market, By Type (Drill Bits, Drilling Tubulars, Drilling Motors, Drill Reamers and Stabilizers, Drill Collars, Drill Jars, Drill Swivels, Mechanical Thrusters), By Application (Onshore and Offshore), By Company and By Geography, Forecast & Opportunities, 2023

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Oil and Gas

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.

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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:
    • Onshore
    • Offshore
  • 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

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