Report overview
In machining, boring is the process of enlarging a hole that has already been drilled (or cast) by means of a single-point cutting tool (or of a boring head containing several such tools), such as in boring a gun barrel or an engine cylinder. Boring is used to achieve greater accuracy of the diameter of a hole, and can be used to cut a tapered hole. Boring can be viewed as the internal-diameter counterpart to turning, which cuts external diameters.
This report aims to provide a comprehensive presentation of the global market for Boring Tools, 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 Boring Tools. This report contains market size and forecasts of Boring Tools in global, including the following market information:
Global Boring Tools Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Boring Tools Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Boring Tools companies in 2022 (%)
The global Boring Tools market was valued at US$ 3614.9 million in 2022 and is projected to reach US$ 5039.8 million by 2029, at a CAGR of 4.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Onshore segment is expected to be the largest market for drilling tools, by application, in 2017. Approximately 70% of the total oil and gas production in the world takes places at onshore fields. These fields are easier to operate from an exploration perspective and require less capital investment as compared to offshore fields. Formations in onshore wells are more stable during the drilling process than those in offshore. Market demand for drilling tools from onshore segment is also the fastest-growing. US and?China?with vast onshore reserves present ample market opportunities in this onshore segment.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Boring Tools 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 Boring Tools Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Boring Tools Market Segment Percentages, by Type, 2022 (%)
Drill Bits
Drilling Tubulars
Drilling Motors
Drill Reamers and Stabilizers
Drill Collars
Drill Jars
Drill Swivels
Mechanical Thrusters
Global Boring Tools Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Boring Tools Market Segment Percentages, by Application, 2022 (%)
Onshore
Offshore
Global Boring Tools Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Boring Tools 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 Boring Tools revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Boring Tools revenues share in global market, 2022 (%)
Key companies Boring Tools sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Boring Tools sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
BIG KAISER
Kennametal
NACHI-FUJIKOSHI
OSG
Sandvik
Outline of Major Chapters:
Chapter 1: Introduces the definition of Boring Tools, market overview.
Chapter 2: Global Boring Tools market size in revenue and volume.
Chapter 3: Detailed analysis of Boring Tools 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 Boring Tools 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 Boring Tools 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.
