Global Drill Bits Market Growth 2023-2029

Global Drill Bits Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Drill Bits Industry Forecast” looks at past sales and reviews total world Drill Bits sales in 2022, providing a comprehensive analysis by region and market sector of projected Drill Bits sales for 2023 through 2029. With Drill Bits sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Drill Bits industry.
This Insight Report provides a comprehensive analysis of the global Drill Bits landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Drill Bits portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Drill Bits market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Drill Bits and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Drill Bits.
The global Drill Bits market size is projected to grow from US$ 1657.1 million in 2022 to US$ 2443.6 million in 2029; it is expected to grow at a CAGR of 2443.6 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Drill Bits market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
High-Speed Steel (HSS)
Carbon Steel
Carbide
Cobalt Steel
Others
Segmentation by application
Metal
Wood
Construction Materials
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Stanley Black & Decker
Bosch
Techtronic
Makita
Hilti
ITW
Top-Eastern Group
Metabo
Regal Cutting Tools
IZAR Cutting Tools
Hartner
RUKO GmbH
Key Questions Addressed in this Report
What is the 10-year outlook for the global Drill Bits market?
What factors are driving Drill Bits market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Drill Bits market opportunities vary by end market size?
How does Drill Bits break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.