Drilling Bits Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast global drilling bits market in oil and gas to grow at a CAGR of 4.75 % during the period 2017-2021 .
Drill bits are mechanical tools used for cutting or crushing rocks to create wellbores for the extraction of hydrocarbon resources . They are mainly used in drilling operations for oil or gas wells either onshore or offshore .
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Covered in this report
The report covers the present scenario and the growth prospects of the global drilling bits market in oil and gas for 2017-2021 . To calculate the market size , the report considers the revenues that are generated from the sale of drill bit products in the oil and gas exploration market .
The market is divided into the following segments based on geography : Americas APAC EMEA
Global Drilling Bits Market in Oil and Gas 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts . The report covers the market landscape and its growth prospects over the coming years . The report also includes a discussion of the key vendors operating in this market .
Key vendors Baker Hughes Halliburton National Oilwell Varco Schlumberger Varel International
Other prominent vendors Atlas Copco AB Bellwether Resources International Bit Brokers International Century Products DRILLBITS International ( DBI ) Drilformance Drill King International Drilling Products ( DPI )