Report overview
The oil and gas drill bit is a tool (a combination of drill pipe and tools) connected to the bottom of the drill string for digging up earth and rock.
This report aims to provide a comprehensive presentation of the global market for Drill for Oil and Gas Extraction, 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 Drill for Oil and Gas Extraction. This report contains market size and forecasts of Drill for Oil and Gas Extraction in global, including the following market information:
Global Drill for Oil and Gas Extraction Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Drill for Oil and Gas Extraction Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Drill for Oil and Gas Extraction companies in 2022 (%)
The global Drill for Oil and Gas Extraction market was valued at US$ 2248.4 million in 2022 and is projected to reach US$ 3219.7 million by 2029, at a CAGR of 5.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Schlumberger, Baker Hughes and HALLIBURTON together accounted for 70 percent of the market in 2018.
We surveyed the Drill for Oil and Gas Extraction manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Drill for Oil and Gas Extraction Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Drill for Oil and Gas Extraction Market Segment Percentages, by Type, 2022 (%)
Fixed Cutting Edge Drill
Cone Drill
Global Drill for Oil and Gas Extraction Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Drill for Oil and Gas Extraction Market Segment Percentages, by Application, 2022 (%)
Overland
Marine
Global Drill for Oil and Gas Extraction Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Drill for Oil and Gas Extraction Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Drill for Oil and Gas Extraction revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Drill for Oil and Gas Extraction revenues share in global market, 2022 (%)
Key companies Drill for Oil and Gas Extraction sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Drill for Oil and Gas Extraction sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Schlumberger
Baker Hughes
HALLIBURTON
NOV
Varel InternationalVarel International
Drilformance
Sinopec Oilfield Equipment Corporation
Outline of Major Chapters:
Chapter 1: Introduces the definition of Drill for Oil and Gas Extraction, market overview.
Chapter 2: Global Drill for Oil and Gas Extraction market size in revenue and volume.
Chapter 3: Detailed analysis of Drill for Oil and Gas Extraction manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Drill for Oil and Gas Extraction 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Drill for Oil and Gas Extraction capacity by region & country.
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: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
