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Global Boring Tools Market Research Report 2024
Synopsis
In machining, boring is the process of enlarging a hole that has already been drilled (or cast) by means of a single-point cutting tool (or of a boring head containing several such tools), such as in boring a gun barrel or an engine cylinder. Boring is used to achieve greater accuracy of the diameter of a hole, and can be used to cut a tapered hole. Boring can be viewed as the internal-diameter counterpart to turning, which cuts external diameters.
The global Boring Tools market was valued at US$ 3513.2 million in 2023 and is anticipated to reach US$ 5000.3 million by 2030, witnessing a CAGR of 5.1% during the forecast period 2024-2030.
Onshore segment is expected to be the largest market for drilling tools, by application, in 2017. Approximately 70% of the total oil and gas production in the world takes places at onshore fields. These fields are easier to operate from an exploration perspective and require less capital investment as compared to offshore fields. Formations in onshore wells are more stable during the drilling process than those in offshore. Market demand for drilling tools from onshore segment is also the fastest-growing. US and China with vast onshore reserves present ample market opportunities in this onshore segment.
This report aims to provide a comprehensive presentation of the global market for Boring Tools, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Boring Tools.
Report Scope
The Boring Tools market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Boring Tools market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Boring Tools manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
BIG KAISER
Kennametal
NACHI-FUJIKOSHI
OSG
Sandvik
Segment by Type
Drill Bits
Drilling Tubulars
Drilling Motors
Drill Reamers and Stabilizers
Drill Collars
Drill Jars
Drill Swivels
Mechanical Thrusters
Segment by Application
Onshore
Offshore
Production by Region
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Detailed analysis of Boring Tools manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Boring Tools by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Boring Tools in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
In machining, boring is the process of enlarging a hole that has already been drilled (or cast) by means of a single-point cutting tool (or of a boring head containing several such tools), such as in boring a gun barrel or an engine cylinder. Boring is used to achieve greater accuracy of the diameter of a hole, and can be used to cut a tapered hole. Boring can be viewed as the internal-diameter counterpart to turning, which cuts external diameters.
The global Boring Tools market was valued at US$ 3513.2 million in 2023 and is anticipated to reach US$ 5000.3 million by 2030, witnessing a CAGR of 5.1% during the forecast period 2024-2030.
Onshore segment is expected to be the largest market for drilling tools, by application, in 2017. Approximately 70% of the total oil and gas production in the world takes places at onshore fields. These fields are easier to operate from an exploration perspective and require less capital investment as compared to offshore fields. Formations in onshore wells are more stable during the drilling process than those in offshore. Market demand for drilling tools from onshore segment is also the fastest-growing. US and China with vast onshore reserves present ample market opportunities in this onshore segment.
This report aims to provide a comprehensive presentation of the global market for Boring Tools, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Boring Tools.
Report Scope
The Boring Tools market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Boring Tools market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Boring Tools manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
BIG KAISER
Kennametal
NACHI-FUJIKOSHI
OSG
Sandvik
Segment by Type
Drill Bits
Drilling Tubulars
Drilling Motors
Drill Reamers and Stabilizers
Drill Collars
Drill Jars
Drill Swivels
Mechanical Thrusters
Segment by Application
Onshore
Offshore
Production by Region
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Detailed analysis of Boring Tools manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Boring Tools by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Boring Tools in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Boring Tools Market Overview
1.1 Product Definition
1.2 Boring Tools Segment by Type
1.2.1 Global Boring Tools Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Drill Bits
1.2.3 Drilling Tubulars
1.2.4 Drilling Motors
1.2.5 Drill Reamers and Stabilizers
1.2.6 Drill Collars
1.2.7 Drill Jars
1.2.8 Drill Swivels
1.2.9 Mechanical Thrusters
1.3 Boring Tools Segment by Application
1.3.1 Global Boring Tools Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Onshore
1.3.3 Offshore
1.4 Global Market Growth Prospects
1.4.1 Global Boring Tools Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Boring Tools Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Boring Tools Production Estimates and Forecasts (2019-2030)
1.4.4 Global Boring Tools Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Boring Tools Production Market Share by Manufacturers (2019-2024)
2.2 Global Boring Tools Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Boring Tools, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Boring Tools Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Boring Tools Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Boring Tools, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Boring Tools, Product Offered and Application
2.8 Global Key Manufacturers of Boring Tools, Date of Enter into This Industry
2.9 Boring Tools Market Competitive Situation and Trends
2.9.1 Boring Tools Market Concentration Rate
2.9.2 Global 5 and 10 Largest Boring Tools Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Boring Tools Production by Region
3.1 Global Boring Tools Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Boring Tools Production Value by Region (2019-2030)
3.2.1 Global Boring Tools Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Boring Tools by Region (2025-2030)
3.3 Global Boring Tools Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Boring Tools Production by Region (2019-2030)
3.4.1 Global Boring Tools Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Boring Tools by Region (2025-2030)
3.5 Global Boring Tools Market Price Analysis by Region (2019-2024)
3.6 Global Boring Tools Production and Value, Year-over-Year Growth
3.6.1 North America Boring Tools Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Boring Tools Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Boring Tools Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Boring Tools Production Value Estimates and Forecasts (2019-2030)
3.6.5 Southeast Asia Boring Tools Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Boring Tools Production Value Estimates and Forecasts (2019-2030)
3.6.7 Central & South America Boring Tools Production Value Estimates and Forecasts (2019-2030)
4 Boring Tools Consumption by Region
4.1 Global Boring Tools Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Boring Tools Consumption by Region (2019-2030)
4.2.1 Global Boring Tools Consumption by Region (2019-2024)
4.2.2 Global Boring Tools Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Boring Tools Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Boring Tools Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Boring Tools Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Boring Tools Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Boring Tools Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Boring Tools Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Boring Tools Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Boring Tools Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Boring Tools Production by Type (2019-2030)
5.1.1 Global Boring Tools Production by Type (2019-2024)
5.1.2 Global Boring Tools Production by Type (2025-2030)
5.1.3 Global Boring Tools Production Market Share by Type (2019-2030)
5.2 Global Boring Tools Production Value by Type (2019-2030)
5.2.1 Global Boring Tools Production Value by Type (2019-2024)
5.2.2 Global Boring Tools Production Value by Type (2025-2030)
5.2.3 Global Boring Tools Production Value Market Share by Type (2019-2030)
5.3 Global Boring Tools Price by Type (2019-2030)
6 Segment by Application
6.1 Global Boring Tools Production by Application (2019-2030)
6.1.1 Global Boring Tools Production by Application (2019-2024)
6.1.2 Global Boring Tools Production by Application (2025-2030)
6.1.3 Global Boring Tools Production Market Share by Application (2019-2030)
6.2 Global Boring Tools Production Value by Application (2019-2030)
6.2.1 Global Boring Tools Production Value by Application (2019-2024)
6.2.2 Global Boring Tools Production Value by Application (2025-2030)
6.2.3 Global Boring Tools Production Value Market Share by Application (2019-2030)
6.3 Global Boring Tools Price by Application (2019-2030)
7 Key Companies Profiled
7.1 BIG KAISER
7.1.1 BIG KAISER Boring Tools Corporation Information
7.1.2 BIG KAISER Boring Tools Product Portfolio
7.1.3 BIG KAISER Boring Tools Production, Value, Price and Gross Margin (2019-2024)
7.1.4 BIG KAISER Main Business and Markets Served
7.1.5 BIG KAISER Recent Developments/Updates
7.2 Kennametal
7.2.1 Kennametal Boring Tools Corporation Information
7.2.2 Kennametal Boring Tools Product Portfolio
7.2.3 Kennametal Boring Tools Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Kennametal Main Business and Markets Served
7.2.5 Kennametal Recent Developments/Updates
7.3 NACHI-FUJIKOSHI
7.3.1 NACHI-FUJIKOSHI Boring Tools Corporation Information
7.3.2 NACHI-FUJIKOSHI Boring Tools Product Portfolio
7.3.3 NACHI-FUJIKOSHI Boring Tools Production, Value, Price and Gross Margin (2019-2024)
7.3.4 NACHI-FUJIKOSHI Main Business and Markets Served
7.3.5 NACHI-FUJIKOSHI Recent Developments/Updates
7.4 OSG
7.4.1 OSG Boring Tools Corporation Information
7.4.2 OSG Boring Tools Product Portfolio
7.4.3 OSG Boring Tools Production, Value, Price and Gross Margin (2019-2024)
7.4.4 OSG Main Business and Markets Served
7.4.5 OSG Recent Developments/Updates
7.5 Sandvik
7.5.1 Sandvik Boring Tools Corporation Information
7.5.2 Sandvik Boring Tools Product Portfolio
7.5.3 Sandvik Boring Tools Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Sandvik Main Business and Markets Served
7.5.5 Sandvik Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Boring Tools Industry Chain Analysis
8.2 Boring Tools Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Boring Tools Production Mode & Process
8.4 Boring Tools Sales and Marketing
8.4.1 Boring Tools Sales Channels
8.4.2 Boring Tools Distributors
8.5 Boring Tools Customers
9 Boring Tools Market Dynamics
9.1 Boring Tools Industry Trends
9.2 Boring Tools Market Drivers
9.3 Boring Tools Market Challenges
9.4 Boring Tools Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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