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Drilling Tools-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Drilling Tools market size is expected to reach US$ 8184 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029. The market is mainly driven by the significant applications of Drilling Tools in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Drilling Tools market. Drill Bits, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Drill Collars segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Drilling Tools, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Drilling Tools market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Drilling Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Drilling Tools sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Drilling Tools covered in this report include Benchmarking, Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Weatherford, Cougar Drilling Solutions, Drilling Tools International and Rubicon Oilfield International, etc.
The global Drilling Tools market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Benchmarking
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford
Cougar Drilling Solutions
Drilling Tools International
Rubicon Oilfield International
Bico Drilling Tools
Dynomax Drilling Tools
GyrodatA
Pacesetter Directional Drilling
Scientific Drilling
Tianhe Oil Group
Wenzel Downhole Tools
Global Drilling Tools market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Drilling Tools market, Segment by Type:
Drill Bits
Drill Collars
Drilling Jars
Drilling Motors
Drilling Tubulars
Drill Swivels
Drill Reamers and Stabilizers
Mechanical Thrusters
Shock Tools
Global Drilling Tools market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Drilling Tools companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Drilling Tools market size is expected to reach US$ 8184 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029. The market is mainly driven by the significant applications of Drilling Tools in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Drilling Tools market. Drill Bits, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Drill Collars segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Drilling Tools, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Drilling Tools market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Drilling Tools market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Drilling Tools sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Drilling Tools covered in this report include Benchmarking, Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Weatherford, Cougar Drilling Solutions, Drilling Tools International and Rubicon Oilfield International, etc.
The global Drilling Tools market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Benchmarking
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford
Cougar Drilling Solutions
Drilling Tools International
Rubicon Oilfield International
Bico Drilling Tools
Dynomax Drilling Tools
GyrodatA
Pacesetter Directional Drilling
Scientific Drilling
Tianhe Oil Group
Wenzel Downhole Tools
Global Drilling Tools market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Drilling Tools market, Segment by Type:
Drill Bits
Drill Collars
Drilling Jars
Drilling Motors
Drilling Tubulars
Drill Swivels
Drill Reamers and Stabilizers
Mechanical Thrusters
Shock Tools
Global Drilling Tools market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Drilling Tools companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Drilling Tools
1.1 Drilling Tools Market Overview
1.1.1 Drilling Tools Product Scope
1.1.2 Drilling Tools Market Status and Outlook
1.2 Global Drilling Tools Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Drilling Tools Market Size by Region (2018-2029)
1.4 Global Drilling Tools Historic Market Size by Region (2018-2023)
1.5 Global Drilling Tools Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Drilling Tools Market Size (2018-2029)
1.6.1 North America Drilling Tools Market Size (2018-2029)
1.6.2 Europe Drilling Tools Market Size (2018-2029)
1.6.3 Asia-Pacific Drilling Tools Market Size (2018-2029)
1.6.4 Latin America Drilling Tools Market Size (2018-2029)
1.6.5 Middle East & Africa Drilling Tools Market Size (2018-2029)
2 Drilling Tools Market by Type
2.1 Introduction
2.1.1 Drill Bits
2.1.2 Drill Collars
2.1.3 Drilling Jars
2.1.4 Drilling Motors
2.1.5 Drilling Tubulars
2.1.6 Drill Swivels
2.1.7 Drill Reamers and Stabilizers
2.1.8 Mechanical Thrusters
2.1.9 Shock Tools
2.2 Global Drilling Tools Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Drilling Tools Historic Market Size by Type (2018-2023)
2.2.2 Global Drilling Tools Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Drilling Tools Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Drilling Tools Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Drilling Tools Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Drilling Tools Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Drilling Tools Revenue Breakdown by Type (2018-2029)
3 Drilling Tools Market Overview by Application
3.1 Introduction
3.1.1 Onshore
3.1.2 Offshore
3.2 Global Drilling Tools Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Drilling Tools Historic Market Size by Application (2018-2023)
3.2.2 Global Drilling Tools Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Drilling Tools Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Drilling Tools Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Drilling Tools Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Drilling Tools Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Drilling Tools Revenue Breakdown by Application (2018-2029)
4 Drilling Tools Competition Analysis by Players
4.1 Global Drilling Tools Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Drilling Tools as of 2022)
4.3 Date of Key Players Enter into Drilling Tools Market
4.4 Global Top Players Drilling Tools Headquarters and Area Served
4.5 Key Players Drilling Tools Product Solution and Service
4.6 Competitive Status
4.6.1 Drilling Tools Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Benchmarking
5.1.1 Benchmarking Profile
5.1.2 Benchmarking Main Business
5.1.3 Benchmarking Drilling Tools Products, Services and Solutions
5.1.4 Benchmarking Drilling Tools Revenue (US$ Million) & (2018-2023)
5.1.5 Benchmarking Recent Developments
5.2 Baker Hughes
5.2.1 Baker Hughes Profile
5.2.2 Baker Hughes Main Business
5.2.3 Baker Hughes Drilling Tools Products, Services and Solutions
5.2.4 Baker Hughes Drilling Tools Revenue (US$ Million) & (2018-2023)
5.2.5 Baker Hughes Recent Developments
5.3 Halliburton
5.3.1 Halliburton Profile
5.3.2 Halliburton Main Business
5.3.3 Halliburton Drilling Tools Products, Services and Solutions
5.3.4 Halliburton Drilling Tools Revenue (US$ Million) & (2018-2023)
5.3.5 National Oilwell Varco Recent Developments
5.4 National Oilwell Varco
5.4.1 National Oilwell Varco Profile
5.4.2 National Oilwell Varco Main Business
5.4.3 National Oilwell Varco Drilling Tools Products, Services and Solutions
5.4.4 National Oilwell Varco Drilling Tools Revenue (US$ Million) & (2018-2023)
5.4.5 National Oilwell Varco Recent Developments
5.5 Schlumberger
5.5.1 Schlumberger Profile
5.5.2 Schlumberger Main Business
5.5.3 Schlumberger Drilling Tools Products, Services and Solutions
5.5.4 Schlumberger Drilling Tools Revenue (US$ Million) & (2018-2023)
5.5.5 Schlumberger Recent Developments
5.6 Weatherford
5.6.1 Weatherford Profile
5.6.2 Weatherford Main Business
5.6.3 Weatherford Drilling Tools Products, Services and Solutions
5.6.4 Weatherford Drilling Tools Revenue (US$ Million) & (2018-2023)
5.6.5 Weatherford Recent Developments
5.7 Cougar Drilling Solutions
5.7.1 Cougar Drilling Solutions Profile
5.7.2 Cougar Drilling Solutions Main Business
5.7.3 Cougar Drilling Solutions Drilling Tools Products, Services and Solutions
5.7.4 Cougar Drilling Solutions Drilling Tools Revenue (US$ Million) & (2018-2023)
5.7.5 Cougar Drilling Solutions Recent Developments
5.8 Drilling Tools International
5.8.1 Drilling Tools International Profile
5.8.2 Drilling Tools International Main Business
5.8.3 Drilling Tools International Drilling Tools Products, Services and Solutions
5.8.4 Drilling Tools International Drilling Tools Revenue (US$ Million) & (2018-2023)
5.8.5 Drilling Tools International Recent Developments
5.9 Rubicon Oilfield International
5.9.1 Rubicon Oilfield International Profile
5.9.2 Rubicon Oilfield International Main Business
5.9.3 Rubicon Oilfield International Drilling Tools Products, Services and Solutions
5.9.4 Rubicon Oilfield International Drilling Tools Revenue (US$ Million) & (2018-2023)
5.9.5 Rubicon Oilfield International Recent Developments
5.10 Bico Drilling Tools
5.10.1 Bico Drilling Tools Profile
5.10.2 Bico Drilling Tools Main Business
5.10.3 Bico Drilling Tools Drilling Tools Products, Services and Solutions
5.10.4 Bico Drilling Tools Drilling Tools Revenue (US$ Million) & (2018-2023)
5.10.5 Bico Drilling Tools Recent Developments
5.11 Dynomax Drilling Tools
5.11.1 Dynomax Drilling Tools Profile
5.11.2 Dynomax Drilling Tools Main Business
5.11.3 Dynomax Drilling Tools Drilling Tools Products, Services and Solutions
5.11.4 Dynomax Drilling Tools Drilling Tools Revenue (US$ Million) & (2018-2023)
5.11.5 Dynomax Drilling Tools Recent Developments
5.12 GyrodatA
5.12.1 GyrodatA Profile
5.12.2 GyrodatA Main Business
5.12.3 GyrodatA Drilling Tools Products, Services and Solutions
5.12.4 GyrodatA Drilling Tools Revenue (US$ Million) & (2018-2023)
5.12.5 GyrodatA Recent Developments
5.13 Pacesetter Directional Drilling
5.13.1 Pacesetter Directional Drilling Profile
5.13.2 Pacesetter Directional Drilling Main Business
5.13.3 Pacesetter Directional Drilling Drilling Tools Products, Services and Solutions
5.13.4 Pacesetter Directional Drilling Drilling Tools Revenue (US$ Million) & (2018-2023)
5.13.5 Pacesetter Directional Drilling Recent Developments
5.14 Scientific Drilling
5.14.1 Scientific Drilling Profile
5.14.2 Scientific Drilling Main Business
5.14.3 Scientific Drilling Drilling Tools Products, Services and Solutions
5.14.4 Scientific Drilling Drilling Tools Revenue (US$ Million) & (2018-2023)
5.14.5 Scientific Drilling Recent Developments
5.15 Tianhe Oil Group
5.15.1 Tianhe Oil Group Profile
5.15.2 Tianhe Oil Group Main Business
5.15.3 Tianhe Oil Group Drilling Tools Products, Services and Solutions
5.15.4 Tianhe Oil Group Drilling Tools Revenue (US$ Million) & (2018-2023)
5.15.5 Tianhe Oil Group Recent Developments
5.16 Wenzel Downhole Tools
5.16.1 Wenzel Downhole Tools Profile
5.16.2 Wenzel Downhole Tools Main Business
5.16.3 Wenzel Downhole Tools Drilling Tools Products, Services and Solutions
5.16.4 Wenzel Downhole Tools Drilling Tools Revenue (US$ Million) & (2018-2023)
5.16.5 Wenzel Downhole Tools Recent Developments
6 North America
6.1 North America Drilling Tools Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Drilling Tools Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Drilling Tools Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Drilling Tools Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Drilling Tools Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Drilling Tools Market Dynamics
11.1 Drilling Tools Industry Trends
11.2 Drilling Tools Market Drivers
11.3 Drilling Tools Market Challenges
11.4 Drilling Tools Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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