Global Drill Bits in Oil and Gas Market Research Report 2019 (Includes Business Impact of COVID-19)

                                          
"The ongoing Coronavirus (COVID-19) pandemic is re-shaping everything from global economies to product categories, pricing, and stock availability to the consumer behavior. The final report is updated to address the impact of COVID-19 on the Drill Bits in Oil and Gas market.

Trusted Business Insights is tracking mining/oil and gas, transportation, employment services, travel arrangements, and the leisure and hospitality sector closely as they are likely to be the hardest-hit sectors. Utilities, local pharma, diagnostics, consumer goods and durables, agro chem and fertilizers, and telecommunications are the sectors that will be weathering the COVID-19 storm and most likely come out relatively unscathed. Interdependencies of sectors are factored in our research report on the Drill Bits in Oil and Gas market."
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.
With the era of easy oil nearing the end, oil and gas companies will start looking out for unconventional avenues around the globe for exploration and production activities. For instance, the decreasing production rates in the established regions such as the Middle East, Gulf of Mexico, and North Sea has already induced energy companies to move out to other areas like the Yamal basin in Russia, Andaman Sea in the Indian sub-continent, and several regions in the Arctic and Antarctic. This increase in new exploration and production activities will result in the rise in demand for drilling equiment, in turn, driving market growth.
The market is characterized by the presence of a considerable number of players and is competitive. The market is dominated by the major players who occupy large market shares despite having the least geographical presence. To gain a competitive advantage over their competitors, market players follow M&A strategies and also focus on creating joint ventures, contracts, agreements, and partnerships with other vendors. To cater to the changing market dynamics, the regional vendors are focusing on the development of innovative products and technologies, in turn, pose a stiff challenge to the international vendors.

The global Drill Bits in Oil and Gas market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Drill Bits in Oil and Gas volume and value at global level, regional level and company level. From a global perspective, this report represents overall Drill Bits in Oil and Gas market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:
    Baker Hughes
    Halliburton
    National Oilwell Varco
    Schlumberger
    Varel International
    Atlas Copco AB
    Bellwether Resources International
    Bit Brokers International
    Century Products
    DRILLBITS International (DBI)
    Drilformance
    Drill King International
    Drilling Products (DPI)
    Harvest Tool Company
    Hole Products
    Kay Rock Bit Company
    Master Oil Tool
    Nile Petroleum Industrial Company (NPICO)
    OTS International
    PDB Tools

Segment by Regions
    North America
    Europe
    China
    Japan

Segment by Type
    Fixed cutter
    Roller cone

Segment by Application
    Onshore
    Offshore