Drilling Bits Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War
The global drilling bits market is expected to grow at a CAGR of around 5.3% during 2025-2034. This report on global drilling bits market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global drilling bits market by segmenting the market based on type, application, and region. Also, detailed profiles of companies operating in the drilling bits market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Increasing Demand for Energy
• New Product Launches
Market Challenges
• Low Investment in Offshore Sector
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Product Type
• Fixed Cutter Drill Bit
• Roller Cone Drill Bit
• Polycrystalline Diamond Bits
• Natural Diamond Bits
• Milled-Tooth Bits
• Tungsten Carbide Inserts
Market by Application
• Onshore
• Offshore
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Drilling Bits Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Drilling Bits Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Size
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. Global Drilling Bits Market by Product Type
- 5.1. Introduction
- 5.2. Fixed Cutter Drill Bit
- 5.3. Roller Cone Drill Bit
- 5.4. Polycrystalline Diamond Bits
- 5.5. Natural Diamond Bits
- 5.6. Milled-Tooth Bits
- 5.7. Tungsten Carbide Inserts
- 6. Global Drilling Bits Market by Application
- 6.1. Introduction
- 6.2. Onshore
- 6.3. Offshore
- 7. Global Drilling Bits Market by Region
- 7.1. Introduction
- 7.2. Europe
- 7.2.1. Germany
- 7.2.2. United Kingdom
- 7.2.3. France
- 7.2.4. Italy
- 7.2.5. Spain
- 7.2.6. Russia
- 7.2.7. Netherlands
- 7.2.8. Rest of the Europe
- 7.3. North America
- 7.3.1. United States
- 7.3.2. Canada
- 7.4. Asia Pacific
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. India
- 7.4.4. South Korea
- 7.4.5. Australia
- 7.4.6. Indonesia
- 7.4.7. Rest of the Asia Pacific
- 7.5. Latin America
- 7.5.1. Mexico
- 7.5.2. Brazil
- 7.5.3. Argentina
- 7.5.4. Rest of Latin America
- 7.6. Middle East & Africa
- 7.6.1. Saudi Arabia
- 7.6.2. Turkey
- 7.6.3. Iran
- 7.6.4. United Arab Emirates
- 7.6.5. Rest of Middle East & Africa
- 8. SWOT Analysis
- 9. Porter’s Five Forces
- 10. Market Value Chain Analysis
- 11. Competitive Landscape
- 11.1. Competitive Scenario
- 11.2. Company Profiles
- 11.2.1. Atlas Copco AB
- 11.2.2. Baker Hughes
- 11.2.3. Bellwether Resources International
- 11.2.4. Bit Brokers International
- 11.2.5. Century Products
- 11.2.6. Changzhou Great Drilling Bits Co. Ltd.
- 11.2.7. Drillbits International (DBI)
- 11.2.8. ESCO Corporation
- 11.2.9. Halliburton Company
- 11.2.10. Irwin Industrial Tool Company
- 11.2.11. National Oilwell Varco
- 11.2.12. Schlumberger
- 11.2.13. Varel International
- List of Figures
- Figure 1: Global Drilling Bits Market (in US$ Million), 2020-2024
- Figure 2: Global Drilling Bits Market by Product Type, 2024
- Figure 3: Global Drilling Bits Market by Application, 2024
- Figure 4: Global Drilling Bits Market by Region, 2024
- Figure 5: Global Drilling Bits Market (in US$ Million), 2025-2034
- Figure 6: Global Drilling Bits Market by Product Type (in %), 2024 & 2034
- Figure 7: Global Fixed Cutter Drilling Bits Market (in US$ Million), 2020-2024
- Figure 8: Global Fixed Cutter Drilling Bits Market (in US$ Million), 2025-2034
- Figure 9: Global Roller Cone Drilling Bits Market (in US$ Million), 2020-2024
- Figure 10: Global Roller Cone Drilling Bits Market (in US$ Million), 2025-2034
- Figure 11: Global Polycrystalline Diamond Drilling Bits Market (in US$ Million), 2020-2024
- Figure 12: Global Polycrystalline Diamond Drilling Bits Market (in US$ Million), 2025-2034
- Figure 13: Global Natural Diamond Drilling Bits Market (in US$ Million), 2020-2024
- Figure 14: Global Natural Diamond Drilling Bits Market (in US$ Million), 2025-2034
- Figure 15: Global Milled-Tooth Drilling Bits Market (in US$ Million), 2020-2024
- Figure 16: Global Milled-Tooth Drilling Bits Market (in US$ Million), 2025-2034
- Figure 17: Global Tungsten Carbide Inserts Cutter Drilling Bits Market (in US$ Million), 2020-2024
- Figure 18: Global Tungsten Carbide Inserts Cutter Drilling Bits Market (in US$ Million), 2025-2034
- Figure 19: Global Drilling Bits Market by Application (in %), 2024 & 2034
- Figure 20: Global Onshore Drilling Bits Market (in US$ Million), 2020-2024
- Figure 21: Global Onshore Drilling Bits Market (in US$ Million), 2025-2034
- Figure 22: Global Offshore Drilling Bits Market (in US$ Million), 2020-2024
- Figure 23: Global Offshore Drilling Bits Market (in US$ Million), 2025-2034
- Figure 24: Global Drilling Bits Market by Region (in %), 2024 & 2034
- Figure 25: Europe Drilling Bits Market (in US$ Million), 2020-2024
- Figure 26: Europe Drilling Bits Market (in US$ Million), 2025-2034
- Figure 27: Europe Drilling Bits Market by Country (in %), 2024 & 2034
- Figure 28: Germany Drilling Bits Market (in US$ Million), 2020-2034
- Figure 29: United Kingdom Drilling Bits Market (in US$ Million), 2020-2034
- Figure 30: France Drilling Bits Market (in US$ Million), 2020-2034
- Figure 31: Italy Drilling Bits Market (in US$ Million), 2020-2034
- Figure 32: Spain Drilling Bits Market (in US$ Million), 2020-2034
- Figure 33: Russia Drilling Bits Market (in US$ Million), 2020-2034
- Figure 34: Netherlands Drilling Bits Market (in US$ Million), 2020-2034
- Figure 35: North America Drilling Bits Market (in US$ Million), 2020-2024
- Figure 36: North America Drilling Bits Market (in US$ Million), 2025-2034
- Figure 37: North America Drilling Bits Market by Country (in %), 2024 & 2034
- Figure 38: United States Drilling Bits Market (in US$ Million), 2020-2034
- Figure 39: Canada Drilling Bits Market (in US$ Million), 2020-2034
- Figure 40: Asia Pacific Drilling Bits Market (in US$ Million), 2020-2024
- Figure 41: Asia Pacific Drilling Bits Market (in US$ Million), 2025-2034
- Figure 42: Asia Pacific Drilling Bits Market by Country (in %), 2024 & 2034
- Figure 43: China Drilling Bits Market (in US$ Million), 2020-2034
- Figure 44: Japan Drilling Bits Market (in US$ Million), 2020-2034
- Figure 45: India Drilling Bits Market (in US$ Million), 2020-2034
- Figure 46: South Korea Drilling Bits Market (in US$ Million), 2020-2034
- Figure 47: Australia Drilling Bits Market (in US$ Million), 2020-2034
- Figure 48: Indonesia Drilling Bits Market (in US$ Million), 2020-2034
- Figure 49: Latin America Drilling Bits Market (in US$ Million), 2020-2024
- Figure 50: Latin America Drilling Bits Market (in US$ Million), 2025-2034
- Figure 51: Latin America Drilling Bits Market by Country (in %), 2024 & 2034
- Figure 52: Mexico Drilling Bits Market (in US$ Million), 2020-2034
- Figure 53: Brazil Drilling Bits Market (in US$ Million), 2020-2034
- Figure 54: Argentina Drilling Bits Market (in US$ Million), 2020-2034
- Figure 55: Middle East & Africa Drilling Bits Market (in US$ Million), 2020-2024
- Figure 56: Middle East & Africa Drilling Bits Market (in US$ Million), 2025-2034
- Figure 57: Middle East & Africa Drilling Bits Market by Country (in %), 2024 & 2034
- Figure 58: Saudi Arabia Drilling Bits Market (in US$ Million), 2020-2034
- Figure 59: Turkey Drilling Bits Market (in US$ Million), 2020-2034
- Figure 60: Iran Drilling Bits Market (in US$ Million), 2020-2034
- Figure 61: UAE Drilling Bits Market (in US$ Million), 2020-2034
- Figure 62: Market Value Chain
- List of Tables
- Table 1: Global Drilling Bits Market Portraiture
- Table 2: Global Drilling Bits Market by Product Type (in US$ Million), 2024 & 2034
- Table 3: Global Drilling Bits Market by Application (in US$ Million), 2024 & 2034
- Table 4: Global Drilling Bits Market by Region (in US$ Million), 2024 & 2034
- Table 5: Europe Drilling Bits Market by Country (in US$ Million), 2024 & 2034
- Table 6: North America Drilling Bits Market by Country (in US$ Million), 2024 & 2034
- Table 7: Asia Pacific Drilling Bits Market by Country (in US$ Million), 2024 & 2034
- Table 8: Latin America Drilling Bits Market by Country (in US$ Million), 2024 & 2034
- Table 9: Middle East & Africa Drilling Bits Market by Country (in US$ Million),
- 2024 & 2034
- Table 10: List of Key Players
Research Assistance
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