Drilling Tools Market: Summary
The Global Oil & Gas Drilling Tools Market is estimated to reach USD 2.23 Billion in 2024 at a CAGR of 4.7%. Increase in shale gas exploration and increasing technological capabilities of drillers is expected to drive the oil & gas drilling tools market during the forecast period. However, high maintenance cost , highly volatile oil prices, and stringent government regulations against offshore drilling activities is expected to restrain the market during the forecast period. Development of deep-water oil and gas fields is expected to become an opportunity for oil & gas drilling tools market.
Drill is an instrument with an edged or pointed end used for making holes in hard substances. Equipments which are used in drilling process are known as drilling tools. Drilling tools are very useful to empower you to carry out an intense job with much ease and comfort . It is frequently used in household applications, factories , workshops as well as industries. Some key players of drilling tools market are Schlumberger, Halliburton, Weatherford, Baker Hughes, and National Oilwell Varco among others.
This market research report offers a comprehensive analysis of key market trends in the global oil & gas drilling tools market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. Based on type, the drilling tools market can be segmented into drill bit, drilling tubulars, drilling collars, drill swivel, drill stabilizers and reamers, drill jars, mud motors, mechanical thrusters, and others. The segmentation by Application includes onshore and offshore. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, and the Middle East and Africa, with individual country-level analysis.
The report on the oil & gas drilling tools market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
|---|---|
|
Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
|
Base Year for Market Calculation |
2018 |
|
Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Type, Application and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East, South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
Oil & Gas Drilling Tools Market by Type
Oil & Gas Drilling Tools Market, by Application
Oil & Gas Drilling Tools Market by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Increase in Shale Gas Exploration
4.2.2. Increasing Technological Capabilities of Drillers
4.3 Restraints
4.3.1 High Maintenance Cost
4.3.2 Highly Volatile Crude Oil Prices
4.3.3 Stringent Government Regulations Against Offshore Drilling Activities
4.4 Opportunities
4.4.1 Development of Deepwater Oil & Gas Fields
4.4.2 Increasing Investments by Companies to Explore New Oil & Gas Reservoirs
4.5 Challenges
4.5.1 High Cost of Drilling Tools for Offshore Applications
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 OIL & GAS DRILLING TOOLS MARKET BY TYPE, Market Size in USD Million (2017—2024)
6.1 Introduction
6.2 Drill Bit
6.3 Drilling Tubulars
6.4 Drilling Collars
6.5 Drill Swivel
6.6 Drill Stabilizers and Reamers
6.7 Drill Jars
6.8 Mud Motors
6.9 Mechanical Thrusters
6.10 Others
7 OIL & GAS DRILLING TOOLS MARKET BY APPLICATION, Market Size in USD Million (2017—2024)
7.1 Introduction
7.2 Onshore
7.3 Offshore
8 OIL & GAS DRILLING TOOLS MARKET BY REGION, Market Size in USD Million (2017—2024)
8.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
8.2 Europe
8.2.1. Norway
8.2.2. UK
8.2.3. Netherlands
8.2.4. Poland
8.2.5. Russia
8.2.6. Denmark
8.2.7. Rest of Europe
8.3 Asia-Pacific
8.3.1. China
8.3.2. Indonesia
8.3.3. India
8.3.4. Malaysia
8.3.5. Australia
8.3.6. Rest of Asia-Pacific
8.4 Middle East
8.4.1. Saudi Arabia
8.4.2. Iran
8.4.3. UAE
8.4.4. Rest of Middle East
8.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Venezuela
8.5.4. Rest of South America
9 COMPETITIVE LANDSCAPE
9.1 Introduction
9.2 Market Ranking/Share Analysis of Key Companies
9.3 Company Benchmarking
10 COMPANY PROFILES
10.1 Schlumberger
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products/Solutions/Services Offered
10.1.4 Key Developments
10.1.5 SWOT Analysis
10.2 Halliburton
10.3 Weatherford
10.4 Baker Hughes
10.5 National Oilwell Varco
10.6 COUGAR DRILLING SOLUTIONS
10.7 DRILLING TOOLS INTERNATIONAL
10.8 RUBICON OILFIELD PRODUCTS LIMITED
10.9 Dynomax Drilling Tools Inc.
10.10 Others
11 APPENDIX
11.1 Key Industry Expert Insights
11.2 Primary Discussion Guide
11.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
