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Drilling Tools- Manufacturing Cost Analysis, Chain, Sourcing Strategy, Distributors, Effect Factors Analysis, Manufacturers Profiles, Market Dynamics\n
Cost Structure by Applications
Drilling Tools Market Contains Market Competition by Manufacturers,
Manufacturers Profiles/Analysis, and Manufacturing Cost Analysis,
Industrial Chain, Sourcing Strategy and Downstream Buyers, Market
Effect Factors Analysis.
Global Drilling Tools Market is expected to gain a positive CAGR in the forthcoming period. Drill tools
are those fitted with a cutting tool attachment or driving tool attachment, mainly a drill bit or driver
bit used for boring holes in several materials or fastening various materials together. Commercially,
there are many types of drills, some are electric powered, and some are manual powered whereas
some are compress powered. Drill with a percussive action is normally used in hard materials such as
masonry or rock. Drilling rigs are used to bore holes in the earth to acquire water or oil.
Driving factors responsible for the growth of drilling tools market include growth in oil, exploration
and production activities, growth in concern towards energy conservation, increased efficiency and
availability of suppliers add to the growth of drilling tools industry. Additionally, rising development
of bio-fuel, solar and wind technology which also acts as an alternative to oil and gas hinders the
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market growth of drilling tools market. Other factors such as shift towards renewable energy
development and bio-fuel ads to the degradation of drilling tools market.
Based on segmentation by type, the drilling tools industry includes bails, adapters, grills, switchers,
drill collars, stabilizers, subassemblies, core drilling tools, reamers, air swivels, drill pipe and other
drilling accessories. Geographically, drilling tools market spans North America, Latin America, Europe,
Middle-East and Africa. APAC market is expected to gain a positive traction in the forthcoming years
owing to rise in manufacture of drilling tools and other activities add to the growth of APAC market.
North America and Europe is likely to gain a positive traction in the forthcoming period due to rise in
construction activities and growth in shale gas exploration. MEA regions are also expected to gain a
positive traction in the forthcoming period owing to raise in shale gas exploration activities.
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The key players in the drilling tools market include America Oilfield Tools, Bilco Tools, Challenger
Downhole Tools, Logan International, Magnum Oil Tools, Oil Tools International Services, Tasman,
Schoeller-Bleckmann Oilfield Equipment, Wenzel Downhole Tools, Western Drilling Tools, Carlisle
Interconnect Technologies, Cougar Drilling Solutions, Stabiltec Downhole Tools, Olympus
Corporation, Gearcon Drilling Tools and Kennametal.
Geographically, this report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Drilling Tools in these regions, from 2012
to 2022 (forecast), covering
• North America
• Southeast Asia
Global Drilling Tools market competition by top manufacturers, with production, price, revenue
(value) and market share for each manufacturer; the top players including
• B&W Drilling Tools
On the basis of product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Drill gaskets
• Drill collars
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On the basis on the end users/applications, this report focuses on the status and outlook for
major applications/end users, consumption (sales), market share and growth rate of Drilling Tools
for each application, including
• Oil Field
• Gas Field
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