Transparency Market Research Drill Bits Market for Oil and Gas Industry Application Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Published Date 2014-06-11 61 Page Report Buy Now Request Sample Press Release Drill Bits for Oil and Gas Industry Application Market to Reach 3,605 Hundred Units by 2019 Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Drill Bits Market REPORT DESCRIPTION According to a new market report Drill Bits for Oil and Gas Industry Application Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019, published by Transparency Market Research, the market, in terms of volume, for drill bits globally is forecast to reach 3,605 hundred units by 2019. Growing energy demand and rising exploration and production (E&P) activities worldwide along with the need to contain drilling cost and time, are some of the key factors responsible for drill bits market growth. Advancements in the manufacturing process and drill bits material composites, along with the improvements in bit design are further supporting the market growth. Browse the full Drill Bits for Oil and Gas Industry Application Market report at http://www.transparencymarketresearch.com/drill-bit-market.html The global drill bits market volume for oil and gas industry was reported to be 2,597 hundred units in 2012 and is forecast to grow at a CAGR of 4.9% from 2013 to 2019. Drill bit is an essential component of drilling activity that crushes rock formations, in order to extract oil, water or gas. Drilling deepwater involves considerable challenges, such as continuous fatigue monitoring of the entire structure, especially the risers. Further, drilling in abrasive formations lead to broken drill bits and in turn leads to more replacement sales. In such a case, producers of high-efficiency and versatile drill bits, risers and other drilling equipment would benefit in the long run. Drill bit market is segmented by products into two major types, namely roller cone bits and fixed cutter bits. In 2012, drill bits market by product was dominated by the rollers cone bits. Currently, popularity of drill bits using PDC (Polycrystalline Diamond Compact) cutters has grown considerably, and now they are almost as common as roller cone bits in several drilling applications. Oil and gas drilling industry is shifting its focus towards PDC drill bits as it offers several performance benefits over roller cone bits. These benefits are in terms of reduced drilling cost due to less frequent bit repair/replacement requirement, which helps reduce the total drilling time. Geographically, North America was estimated as largest market for drill bits used in Oil and Gas industry and is forecast to maintain its dominance throughout the forecast period. In the past couple of years, emergence of horizontal drilling techniques has greatly increased demand for drilling equipment in North America. As new technologies in horizontal drilling has opened up access to deep underground shale deposits. In 2012, Europe and North America had a collective volume share of 55.5% of the overall drill bit market in Oil and Gas industry. In Asia-Pacific region, demand for natural gas is increasing, leading to drilling activities for unconventional natural gas at remarkable rates. Transparency Market Research 2 Drill Bits Market Some of the major players in drill bits market include Baker Hughes, Inc., Tercel Bits, Ulterra Drilling Technologies, National Oilwell Varco, Inc., Halliburton, Inc., Varel international, Inc., Scientific Drilling International, Inc., among others. The market volume share of the top four leading players collectively accounted for around 65.7% of the total market share in 2012. This report analyzes the drill bits for oil and gas industry application market in terms of volume (hundred units). The market has been segmented as follows: Drill Bits for Oil and Gas Industry Application Market, By Product Roller cone bits Milled-tooth bits Tungsten carbide inserts (insert bits) Fixed cutter bits Polycrystalline diamond bits (PDC) Natural diamond bits Drill Bits for Oil and Gas Industry Application Market, By Geography North America Europe Asia-Pacific Rest of the World (RoW) Transparency Market Research 3 Drill Bits Market Table of Contents Chapter 1 Preface 1.1 Report description and scope 1.1.1 Market segmentation 1.2 Research methodology Chapter 2 Executive Summary 2.1 Global drill bits for oil and gas industry application market snapshot, 2012 & 2019 2.2 Global drill bits for oil and gas industry application market size and forecast, 2011 – 2019 (hundred units) and Y-o-Y growth (%) Chapter 3 Global Drill Bits for Oil and Gas Industry Application Market Analysis 3.1 Market overview 3.2 Average selling price 3.3 Expected life cycle of drill bits 3.4 Overview of drill bit repairs and restoration costs 3.5 World and U.S. wellhead data 3.6 Overview of wellhead risers (Qualitative) 3.7 Market dynamics 3.7.1 Drivers 3.7.2 Drivers: Impact analysis 3.7.2.1 Rising exploration activities worldwide 3.7.2.2 Growing worldwide energy demand Transparency Market Research 4 Drill Bits Market 3.7.2.3 Technological advancements 3.7.3 Restraints 3.7.4 Restraints: Impact analysis 3.7.4.1 Government control over oil and gas price hinders adoption of new technologies 3.7.5 Opportunities 3.7.5.1 Hybrid drill bits 3.8 Trends and future outlook 3.9 Value chain analysis 3.10 Porter’s five forces analysis 3.10.1 Bargaining power of suppliers 3.10.2 Bargaining power of buyers 3.10.3 Threat of substitutes 3.10.4 Threat of new entrants 3.10.5 Degree of competition 3.11 Market attractiveness analysis 3.12 Competitive analysis 3.12.1 Market share of key players, 2012 (%) Chapter 4 Global Drill Bits for Oil and Gas Industry Application Market Analysis, by Product 4.1 Global drill bits for oil and gas industry application market overview, by product, 2012 & 2019 (%) 4.2 Roller cone drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) 4.2.1 Roller cone drill bits for oil and gas industry application market, by type 4.3 Fixed cutter drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) 4.3.1 Fixed cutter drill bits for oil and gas industry application market, by type Transparency Market Research 5 Drill Bits Market Chapter 5 Global Drill Bits for Oil and Gas Industry Application Market Analysis, by Geography 5.1 Global drill bits for oil and gas industry application market overview, by geography, 2012 & 2019 (%) 5.2 North America drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) 5.3 Europe drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) 5.4 Asia-Pacific drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) 5.5 RoW drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) Chapter 6 Company Profiles 6.1 NewTech Drilling Products LLC 6.1.1 Company overview 6.1.2 Financial overview 6.1.3 Business strategies 6.1.4 Recent developments 6.2 Varel International Inc 6.2.1 Company overview 6.2.2 Financial overview 6.2.3 Business strategies 6.2.4 Recent developments 6.3 Baker Hughes, Inc. 6.3.1 Company overview 6.3.2 Financial overview 6.3.3 Business strategies 6.3.4 Recent developments Transparency Market Research 6 Drill Bits Market 6.4 Smith International, Inc. 6.4.1 Company overview 6.4.2 Financial overview 6.4.3 Business strategies 6.4.4 Recent developments 6.5 National Oil-well Varco, Inc. 6.5.1 Company overview 6.5.2 Financial overview 6.5.3 Business strategies 6.5.4 Recent developments 6.6 Halliburton Inc 6.6.1 Company overview 6.6.2 Financial overview 6.6.3 Business strategies 6.6.4 Recent developments 6.7 Scientific Drilling International Inc. 6.7.1 Company overview 6.7.2 Financial overview 6.7.3 Business strategies 6.7.4 Recent developments 6.8 Torquato Drilling Accessories Inc 6.8.1 Company overview 6.8.2 Financial overview 6.8.3 Business strategies Transparency Market Research 7 Drill Bits Market 6.8.4 Recent developments 6.9 Atlas Copco 6.9.1 Company overview 6.9.2 Financial overview 6.9.3 Business Strategies 6.9.4 Recent Developments 6.10 Kingdream Public Limited Company 6.10.1 Company overview 6.10.2 Financial overview 6.10.3 Business strategies 6.10.4 Recent developments List of Figures FIG. 1 Global drill bits for oil and gas industry application market size and forecast, 2011-2019 (hundred units) and Y-o-Y growth (%) FIG. 2 Growth in primary energy demand FIG. 3 Value chain analysis FIG. 4 Porter’s five forces analysis FIG. 5 Market attractiveness analysis, by, 2012 FIG. 6 Market share of key players, 2012 (%) FIG. 7 Global drill bits for oil and gas industry application market volume share, by product, 2012 and 2019 (%) FIG. 8 Roller cone drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) FIG. 9 Fixed cutter drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) FIG. 10 Global drill bits for oil and gas industry application market overview, by geography, 2012 & 2019 (%) Transparency Market Research 8 Drill Bits Market FIG. 11 North America drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) FIG. 12 Europe drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) FIG. 13 Asia-Pacific drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) FIG. 14 RoW drill bits for oil and gas industry application market, 2011 – 2019 (hundred units) List of Tables TABLE 1 Drill bits for oil and gas industry application market segmentation TABLE 2 Drill bits for oil and gas industry application market snapshot, 2012 & 2019 TABLE 3 Average selling price TABLE 4 Worldwide Rig Count TABLE 5 U.S. crude oil and natural gas drilling activity TABLE 6 U.S. Rotary Rig count by type of drilling TABLE 7 U.S. Rotary Rig count by product TABLE 8 Impact analysis of drivers TABLE 9 Impact analysis of restraints TABLE 10 Roller cone drill bits for oil and gas industry application market, by type, 2011 – 2019 (hundred units) TABLE 11 Fixed cutter drill bits for oil and gas industry application market, by product, 2011 – 2019 (hundred units) Get Sample Free Report http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1896 About Us Transparency Market Research 9 Drill Bits Market Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Browse The Market Research Blog : http://researchandreports.wordpress.com/ Transparency Market Research 10
Drill bits are used to crush rock formations. These are essential components used in drilling activity to extract water, oil, and gas. In the past few years, the demand from the mining and industrial energy production sectors has increased due to the rising number of mining, oil drilling, and water-well drilling projects all over the world. This demand has spurred the growth of the drill bits market. The significant rise in the demand for energy across the world coupled with high natural gas and oil prices are propelling the overall drill bits market considerably. In-depth research report on Drill Bits Market with Full TOC at : http://www.transparencymarketresearch.com/drill-bit-market.html The global drill bits market was valued at 2,597 hundred units in 2012 and is now expected to grow at a 4.9% CAGR during 2013-2019, according to a leading market firm in the U.S.
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