Drilling Tools Market 2020 With Top Companies, Applications, Developments, Innovative Technologies Research Report

Drilling tools and components forms an important a part of oil and gas drilling activities. Increasing investments by corporations to explore new oil and gas reservoirs has propelled the demand for oil and gas equipment’s. so as to fulfil the rising demand for energy, oil and gas corporations are focusing their attention towards the deep and ultra-deep offshore areas. increased offshore drilling activities have bolstered the demand for the drilling equipment’s over the past number of years. Moreover, the recent shale gas boom within the united states has additional fuelled the demand for drilling tools and equipment’s.

The scope of the report includes a detailed study of Drilling Tools Market with the reasons given for variations in the growth of the industry in certain regions.

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The Drilling Tools Market is expected to exceed more than US$ 9.0 Billion by 2024 at a CAGR of 4.5% in the given forecast period.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report 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 and Tianhe Oil Group. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Drilling Tools Market is segmented on the lines of its application, tool type and regional. Basis of application type is segmented into Onshore and Offshore. Based on Tool type it covers Drill Bits, Drill Collars, Drilling Jars, Drilling Motors, Drilling Tubulars, Drill Swivels, Drill Reamers and Stabilizers, Mechanical Thrusters and Shock Tools. The Drilling Tools Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

The major driving factors of Drilling Tools Market are as follows:

  • Increasing Drilling Activities
  • Development of Unconventional Hydrocarbon Resources

The major restraining factors of Drilling Tools Market are as follows:

  • High Maintenance Cost and Transition Time
  • Increasing Focus on Renewable Energy Sources

The major opportunities factor of Drilling Tools Market are as follows:

  • Developments in Technology

The major challenges factor of Drilling Tools Market are as follows:

  • Prohibitive Cost of Drilling Tools for Offshore Applications

This report provides:

1) An overview of the global market for Drilling Tools Market and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Drilling Tools Market

4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

The Drilling Tools Market is segmented on the lines of its application, tool type and regional. Basis of application type is segmented into Onshore and Offshore. Based on Tool type it covers Drill Bits, Drill Collars, Drilling Jars, Drilling Motors, Drilling Tubulars, Drill Swivels, Drill Reamers and Stabilizers, Mechanical Thrusters and Shock Tools.

The Drilling Tools Market has been segmented as below:

The Drilling Tools Market is segmented on the Basis of Application Type, Tool Type and Regional Analysis Type. By Application Type this market is segmented on the basis of Onshore and Offshore.

By Tool Type this market is segmented on the basis of Drill Bits, Drill Collars, Drilling Jars, Drilling Motors, Drilling Tubulars, Drill Swivels, Drill Reamers and Stabilizers, Mechanical Thrusters and Shock Tools. By Regional Analysis Type this market is segmented on the basis of North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.

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Table of Contents

  1.  Introduction
  2.  Research Methodology
  3.  Summary with Insights
  4.  Market Overview

4.1    Introduction
4.2    Drivers
4.3    Restraints
4.4    Industry Trends
4.5    Porter’s Five Forces Analysis

  1.  Drilling Tools Market Analysis, By Application
  2.  Drilling Tools Market Analysis, By Tool Type
  3.  Competitive Overview

7.1    Introduction
7.2    New Product Launches
7.3    Acquisitions
7.4    Agreements, Partnerships, And Collaborations
7.5    Expansions

  1.  Company Profiles
    8.1    Benchmarking
    8.2    Baker Hughes
    8.3    Halliburton
    8.4    National Oilwell Varco
    8.5    Schlumberger
    8.6    Weatherford
    8.7    Cougar Drilling Solutions
    8.8    Drilling Tools International
    8.9    Rubicon Oilfield International
    8.10    Bico Drilling Tools
    8.11    Dynomax Drilling Tools
    8.12    Gyrodata
    8.13    Pacesetter Directional Drilling
    8.14    Scientific Drilling
    8.15    Tianhe Oil Group

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