Downhole Drilling Tools Market report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.
Los Angeles, CA -- (SBWIRE) -- 04/18/2019 -- Downhole drilling tools are collection of tools used in downhole drilling applications. They include drill bit, drill collar, drill pipe, kelly stem, stabilizer, etc. Among these, drill bit is core component and acts in the bottom of drilling system.
Downhole drilling tools are collection of tools used in downhole drilling applications. In this report, the statistic data bases on drill bit mainly used in oil field and gas field. Drilling bit could be classified as fixed cutter drill bit, roller cone drill bit and others and mainly be applied in oil field and gas field. At present, oil field application is the main downstream, which occupied 61.92% of market in 2015.
The global Downhole Drilling Tools market was 6560 million US$ in 2018 and is expected to 8860 million US$ by the end of 2025, growing at a CAGR of 3.8% between 2019 and 2025.
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This report studies the Downhole Drilling Tools market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Downhole Drilling Tools in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford
American Oilfield Tools
Bilco Tools
Challenger Downhole Tools
Downhole Oil Tools
Logan International
Magnum Oil Tools
Oil Tools International Services
Schoeller-Bleckmann Oilfield Equipment
Tasman
Wenzel Downhole Tools
Western Drilling Tools
Carlisle Interconnect Technologies
Cougar Drilling Solutions
Stabiltec Downhole Tools
Olympus Corporation
Gearcon Drilling Tools
Kennametal
By the product type, the market is primarily split into
Fixed Cutter Drill Bit
Roller Cone Drill Bit
Others
By the end users/application, this report covers the following segments
Oil Field
Gas Field
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