Global Drilling Tools Market is Expected To Grow with a Healthy CAGR Till 2025
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Drilling tools and components forms an essential part of oil and gas drilling activities. Increasing investments by companies to explore new oil and gas reservoirs has propelled the demand for oil and gas equipments. In order to meet the rising demand for energy, oil and gas companies are focusing their attention towards the deep and ultra-deep offshore areas. Augmented offshore drilling activities have bolstered the demand for the drilling equipments over the past couple of years. Moreover, the recent shale gas boom in the United States has further fuelled the demand for drilling tools and equipments.
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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.
The global Drilling Tools market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of 4.8% during 2019-2025.
This report focuses on Drilling Tools volume and value at global level, regional level and company level. From a global perspective, this report represents overall Drilling Tools market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
National Oilwell Varco
Cougar Drilling Solutions
Drilling Tools International
Rubicon Oilfield International
Bico Drilling Tools
Dynomax Drilling Tools
Pacesetter Directional Drilling
Tianhe Oil Group
Wenzel Downhole Tools
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Segment by Regions
Segment by Type
Drill Reamers and Stabilizers
Segment by Application
Table of Contents
1 Drilling Tools Market Overview
1.1 Product Overview and Scope of Drilling Tools
1.2 Drilling Tools Segment by Type
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2 Global Drilling Tools Market Competition by Manufacturers
2.1 Global Drilling Tools Production Market Share by Manufacturers (2014-2019)
2.2 Global Drilling Tools Revenue Share by Manufacturers (2014-2019)
2.3 Global Drilling Tools Average Price by Manufacturers (2014-2019)
2.4 Manufacturers Drilling Tools Production Sites, Area Served, Product Types
2.5 Drilling Tools Market Competitive Situation and Trends
2.5.1 Drilling Tools Market Concentration Rate
2.5.2 Drilling Tools Market Share of Top 3 and Top 5 Manufacturers
2.5.3 Mergers & Acquisitions, Expansion
3 Global Drilling Tools Production Market Share by Regions
3.1 Global Drilling Tools Production Market Share by Regions
3.2 Global Drilling Tools Revenue Market Share by Regions (2014-2019)
3.3 Global Drilling Tools Production, Revenue, Price and Gross Margin (2014-2019)
3.4 North America Drilling Tools Production
3.4.1 North America Drilling Tools Production Growth Rate (2014-2019)
3.4.2 North America Drilling Tools Production, Revenue, Price and Gross Margin (2014-2019)
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