Global Drill Bits Market Growth 2025-2031

Global Drill Bits Market Growth 2025-2031

The global Drill Bits market size is predicted to grow from US$ 1843 million in 2025 to US$ 2571 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Drill Bits Industry Forecast” looks at past sales and reviews total world Drill Bits sales in 2024, providing a comprehensive analysis by region and market sector of projected Drill Bits sales for 2025 through 2031. 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.

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.

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 analysing 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 by Type, by Application?