Report overview
Drill bits are cutting tools used to remove material to create holes, almost always of circular cross-section. A commonly used twist drill is a tool for drilling a circular hole of a workpiece by its rotary cutting relative to a fixed axis. It is named because its chip groove is spiral and shaped like a twist.
This report aims to provide a comprehensive presentation of the global market for Drill Bits, 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 Bits. This report contains market size and forecasts of Drill Bits in global, including the following market information:
Global Drill Bits Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Drill Bits Market Sales, 2018-2023, 2024-2029, (M Pcs)
Global top five Drill Bits companies in 2022 (%)
The global Drill Bits market was valued at US$ 1742.9 million in 2022 and is projected to reach US$ 2495.9 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.
The major producers in this industry include Stanley Black & Decker, Bosch and Techtronic, etc. The top three producers account for more than 36% of the total revenue. From the regional perspective, the European revenue accounts for 34.67% in 2019, which is the highest.
We surveyed the Drill Bits 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 Bits Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (M Pcs)
Global Drill Bits Market Segment Percentages, by Type, 2022 (%)
High-Speed Steel (HSS)
Carbon Steel
Carbide
Cobalt Steel
Others
Global Drill Bits Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (M Pcs)
Global Drill Bits Market Segment Percentages, by Application, 2022 (%)
Metal
Wood
Construction Materials
Others
Global Drill Bits Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (M Pcs)
Global Drill Bits 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 Bits revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Drill Bits revenues share in global market, 2022 (%)
Key companies Drill Bits sales in global market, 2018-2023 (Estimated), (M Pcs)
Key companies Drill Bits sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Stanley Black & Decker
Bosch
Techtronic
Makita
Hilti
ITW
Top-Eastern Group
Metabo
Regal Cutting Tools
IZAR Cutting Tools
Hartner
RUKO GmbH
Outline of Major Chapters:
Chapter 1: Introduces the definition of Drill Bits, market overview.
Chapter 2: Global Drill Bits market size in revenue and volume.
Chapter 3: Detailed analysis of Drill Bits 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 Bits 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 Bits 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.
