Business Industry National Science Technology

Oil Field Drill Bits Market Top Key Companies Schlumberger, Atlas Copco, Halliburton, National Oilwell Varco and Tercel Oilfield Products

Oil Field Drill Bits, Oil Field Drill Bits market, Oil Field Drill Bits industry
Oil Field Drill Bits Market
Press Release

According to Latest Study for Industry, the Global Oil Field Drill Bits market is expected to grow from $5.93 billion in 2016 to reach $10.31 billion by 2022 with a CAGR of 9.6%.

This report provides in depth study of Oil Field Drill Bits Market using Porter’s Five Forces Analysis i.e. Threat of new entrants, Threat of substitutes, Bargaining power of customers, bargaining power of suppliers, Industry rivalry to the organization.

This research report is a thoughtful analysis of the market presenting the propelled situation in the market and additionally plots that guide in its expansion in the coming years. The oil field drill bits report assesses a few elements are deciding the market development and additionally the volume of the entire global industry.

Growing exploration & production activities coupled with increasing demand for energy, technological advancements in oil field drill bits, increasing demand for oil & gas, and huge investments on new offshore reserves are some of the other factors fueling the market growth during the forecast period. However, slowdown in offshore drilling in few regions, high capital investments is the restraints impeding the market growth.

Request Sample Copy of the Report @

By Drill Bits Type, Roller Cone Cutter Bit segment commands the global market due to its cost efficiency and its performance. The onshore segment is anticipated to be a largest segment during the forecast period. North America is anticipated to hold the largest share in global market due to the technological advancements, increasing exploration & production activities. Asia Pacific is anticipated to be a fastest growing region.


Atlas Copco AB, Bellwether Resources International, Bit Brokers International, Drill King International, DRILLBITS International (DBI), Halliburton, Harvest Tool Company, Kay Rock Bit Company, National Oilwell Varco, Nile Petroleum Industrial Company (NPICO), OTS International, Palmer Bit Co., Rockpecker, Schlumberger Limited, Tercel Oilfield Products Limited and Varel International, Inc.

Browse Full Report with TOC @  

Drill Bits Types Covered:

Roller Cone Cutter Bits

  • Tungsten Carbide Inserts
  • Milled-tooth Bits

Fixed Cutter Bits

  • Natural Diamond Bits
  • Polycrystalline Diamond Bits

Applications Covered:

  • Off Shore Drilling
  • On Shore Drilling

Place a Purchase Order for Oil Field Drill Bits Market @

Note: If you have any special requirements, please let us know and we will offer you the report as you want.

About Research for Markets:

Research for Markets indulges in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East and Africa.


Mr. A Naidu

Research for Markets

Tel: +44 8000-4182-37 (UK)

Email: [email protected]