Report overview
The drilling tools market has been further segmented, based on type, into drill bits, drill collars, drilling tubulars, drill swivels, drilling motors, drill reamers and stabilizers, mechanical thrusters, shock tools, and drilling jars. The drilling tubulars segment is expected to be the largest market due to increasing drilled footage and the development of deepwater oil & gas fields.
This report contains market size and forecasts of Drilling Tools in Global, including the following market information:
Global Drilling Tools Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Drilling Tools market was valued at 6445.9 million in 2021 and is projected to reach US$ 8302.5 million by 2028, at a CAGR of 3.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Drill Bits Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Drilling Tools include Benchmarking, Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Weatherford, Cougar Drilling Solutions, Drilling Tools International and Rubicon Oilfield International, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Drilling Tools companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Drilling Tools Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Drilling Tools Market Segment Percentages, by Type, 2021 (%)
Drill Bits
Drill Collars
Drilling Jars
Drilling Motors
Drilling Tubulars
Drill Swivels
Drill Reamers and Stabilizers
Mechanical Thrusters
Shock Tools
Global Drilling Tools Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Drilling Tools Market Segment Percentages, by Application, 2021 (%)
Onshore
Offshore
Global Drilling Tools Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Drilling Tools Market Segment Percentages, By Region and Country, 2021 (%)
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 Drilling Tools revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Drilling Tools revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Benchmarking
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford
Cougar Drilling Solutions
Drilling Tools International
Rubicon Oilfield International
Bico Drilling Tools
Dynomax Drilling Tools
GyrodatA
Pacesetter Directional Drilling
Scientific Drilling
Tianhe Oil Group
Wenzel Downhole Tools
