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Global Drill Bits (Oil and Gas) Market Research Report 2025
Published Date: July 2025
|
Report Code: QYRE-Auto-31Y9332
Home | Market Reports | Business & Industrial| Energy & Utilities| Oil & Gas
Global Drill Bits Oil and Gas Market Insights and Forecast to 2028
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Global Drill Bits (Oil and Gas) Market Research Report 2025

Code: QYRE-Auto-31Y9332
Report
July 2025
Pages:93
QYResearch
Buy Now with 15% Discount
DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES
FEATURED COMPANIES
Schlumberger Limited
Baker Hughes
Halliburton
National Oilwell Varco
Varel International
Drilformance
Sinopec Oilfield Equipment Corporation

Drill Bits (Oil and Gas) Market Size

The global market for Drill Bits (Oil and Gas) was valued at US$ 2352 million in the year 2024 and is projected to reach a revised size of US$ 3359 million by 2031, growing at a CAGR of 5.3% during the forecast period.

Drill Bits (Oil and Gas) Market

Drill Bits (Oil and Gas) Market

A oil and gas drill bit is a tool used in the oil and gas industry which is designed to produce a generally cylindrical hole (wellbore) in the earth’s crust by the rotary drilling method for the discovery and extraction of hydrocarbons such as crude oil and natural gas.
North American market for Drill Bits (Oil and Gas) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Drill Bits (Oil and Gas) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Drill Bits (Oil and Gas) include Schlumberger, Baker Hughes, Halliburton, National Oilwell Varco, Varel International, Drilformance, Sinopec Oilfield Equipment Corporation, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Drill Bits (Oil and Gas), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Drill Bits (Oil and Gas).
The Drill Bits (Oil and Gas) market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Drill Bits (Oil and Gas) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Drill Bits (Oil and Gas) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Drill Bits (Oil and Gas) Market Report

Report Metric Details
Report Name Drill Bits (Oil and Gas) Market
Accounted market size in year US$ 2352 million
Forecasted market size in 2031 US$ 3359 million
CAGR 5.3%
Base Year year
Forecasted years 2025 - 2031
by Type
by Application
  • Offshore
  • Onshore
Production by Region
  • North America
  • Europe
  • China
  • Japan
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company Schlumberger, Baker Hughes, Halliburton, National Oilwell Varco, Varel International, Drilformance, Sinopec Oilfield Equipment Corporation
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Detailed analysis of Drill Bits (Oil and Gas) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Production/output, value of Drill Bits (Oil and Gas) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
  • Chapter 4: Consumption of Drill Bits (Oil and Gas) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
  • Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 10: The main points and conclusions of the report.

FAQ for this report

How fast is Drill Bits (Oil and Gas) Market growing?

Ans: The Drill Bits (Oil and Gas) Market witnessing a CAGR of 5.3% during the forecast period 2025-2031.

What is the Drill Bits (Oil and Gas) Market size in 2031?

Ans: The Drill Bits (Oil and Gas) Market size in 2031 will be US$ 3359 million.

Who are the main players in the Drill Bits (Oil and Gas) Market report?

Ans: The main players in the Drill Bits (Oil and Gas) Market are Schlumberger, Baker Hughes, Halliburton, National Oilwell Varco, Varel International, Drilformance, Sinopec Oilfield Equipment Corporation

What are the Application segmentation covered in the Drill Bits (Oil and Gas) Market report?

Ans: The Applications covered in the Drill Bits (Oil and Gas) Market report are Offshore, Onshore

What are the Type segmentation covered in the Drill Bits (Oil and Gas) Market report?

Ans: The Types covered in the Drill Bits (Oil and Gas) Market report are Fixed Cutter Bits, Roller Cone Bits

Recommended Reports

Oil & Gas Drilling

Drill Bits Types

Related Drilling Tools

1 Drill Bits (Oil and Gas) Market Overview
1.1 Product Definition
1.2 Drill Bits (Oil and Gas) by Type
1.2.1 Global Drill Bits (Oil and Gas) Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Fixed Cutter Bits
1.2.3 Roller Cone Bits
1.3 Drill Bits (Oil and Gas) by Application
1.3.1 Global Drill Bits (Oil and Gas) Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Offshore
1.3.3 Onshore
1.4 Global Market Growth Prospects
1.4.1 Global Drill Bits (Oil and Gas) Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Drill Bits (Oil and Gas) Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Drill Bits (Oil and Gas) Production Estimates and Forecasts (2020-2031)
1.4.4 Global Drill Bits (Oil and Gas) Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Drill Bits (Oil and Gas) Production Market Share by Manufacturers (2020-2025)
2.2 Global Drill Bits (Oil and Gas) Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Drill Bits (Oil and Gas), Industry Ranking, 2023 VS 2024
2.4 Global Drill Bits (Oil and Gas) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Drill Bits (Oil and Gas) Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Drill Bits (Oil and Gas), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Drill Bits (Oil and Gas), Product Offered and Application
2.8 Global Key Manufacturers of Drill Bits (Oil and Gas), Date of Enter into This Industry
2.9 Drill Bits (Oil and Gas) Market Competitive Situation and Trends
2.9.1 Drill Bits (Oil and Gas) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Drill Bits (Oil and Gas) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Drill Bits (Oil and Gas) Production by Region
3.1 Global Drill Bits (Oil and Gas) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Drill Bits (Oil and Gas) Production Value by Region (2020-2031)
3.2.1 Global Drill Bits (Oil and Gas) Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Drill Bits (Oil and Gas) by Region (2026-2031)
3.3 Global Drill Bits (Oil and Gas) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Drill Bits (Oil and Gas) Production Volume by Region (2020-2031)
3.4.1 Global Drill Bits (Oil and Gas) Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Drill Bits (Oil and Gas) by Region (2026-2031)
3.5 Global Drill Bits (Oil and Gas) Market Price Analysis by Region (2020-2025)
3.6 Global Drill Bits (Oil and Gas) Production and Value, Year-over-Year Growth
3.6.1 North America Drill Bits (Oil and Gas) Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Drill Bits (Oil and Gas) Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Drill Bits (Oil and Gas) Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Drill Bits (Oil and Gas) Production Value Estimates and Forecasts (2020-2031)
4 Drill Bits (Oil and Gas) Consumption by Region
4.1 Global Drill Bits (Oil and Gas) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Drill Bits (Oil and Gas) Consumption by Region (2020-2031)
4.2.1 Global Drill Bits (Oil and Gas) Consumption by Region (2020-2025)
4.2.2 Global Drill Bits (Oil and Gas) Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Drill Bits (Oil and Gas) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Drill Bits (Oil and Gas) Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Drill Bits (Oil and Gas) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Drill Bits (Oil and Gas) Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Drill Bits (Oil and Gas) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Drill Bits (Oil and Gas) Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Drill Bits (Oil and Gas) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Drill Bits (Oil and Gas) Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Drill Bits (Oil and Gas) Production by Type (2020-2031)
5.1.1 Global Drill Bits (Oil and Gas) Production by Type (2020-2025)
5.1.2 Global Drill Bits (Oil and Gas) Production by Type (2026-2031)
5.1.3 Global Drill Bits (Oil and Gas) Production Market Share by Type (2020-2031)
5.2 Global Drill Bits (Oil and Gas) Production Value by Type (2020-2031)
5.2.1 Global Drill Bits (Oil and Gas) Production Value by Type (2020-2025)
5.2.2 Global Drill Bits (Oil and Gas) Production Value by Type (2026-2031)
5.2.3 Global Drill Bits (Oil and Gas) Production Value Market Share by Type (2020-2031)
5.3 Global Drill Bits (Oil and Gas) Price by Type (2020-2031)
6 Segment by Application
6.1 Global Drill Bits (Oil and Gas) Production by Application (2020-2031)
6.1.1 Global Drill Bits (Oil and Gas) Production by Application (2020-2025)
6.1.2 Global Drill Bits (Oil and Gas) Production by Application (2026-2031)
6.1.3 Global Drill Bits (Oil and Gas) Production Market Share by Application (2020-2031)
6.2 Global Drill Bits (Oil and Gas) Production Value by Application (2020-2031)
6.2.1 Global Drill Bits (Oil and Gas) Production Value by Application (2020-2025)
6.2.2 Global Drill Bits (Oil and Gas) Production Value by Application (2026-2031)
6.2.3 Global Drill Bits (Oil and Gas) Production Value Market Share by Application (2020-2031)
6.3 Global Drill Bits (Oil and Gas) Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Schlumberger
7.1.1 Schlumberger Drill Bits (Oil and Gas) Company Information
7.1.2 Schlumberger Drill Bits (Oil and Gas) Product Portfolio
7.1.3 Schlumberger Drill Bits (Oil and Gas) Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Schlumberger Main Business and Markets Served
7.1.5 Schlumberger Recent Developments/Updates
7.2 Baker Hughes
7.2.1 Baker Hughes Drill Bits (Oil and Gas) Company Information
7.2.2 Baker Hughes Drill Bits (Oil and Gas) Product Portfolio
7.2.3 Baker Hughes Drill Bits (Oil and Gas) Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Baker Hughes Main Business and Markets Served
7.2.5 Baker Hughes Recent Developments/Updates
7.3 Halliburton
7.3.1 Halliburton Drill Bits (Oil and Gas) Company Information
7.3.2 Halliburton Drill Bits (Oil and Gas) Product Portfolio
7.3.3 Halliburton Drill Bits (Oil and Gas) Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Halliburton Main Business and Markets Served
7.3.5 Halliburton Recent Developments/Updates
7.4 National Oilwell Varco
7.4.1 National Oilwell Varco Drill Bits (Oil and Gas) Company Information
7.4.2 National Oilwell Varco Drill Bits (Oil and Gas) Product Portfolio
7.4.3 National Oilwell Varco Drill Bits (Oil and Gas) Production, Value, Price and Gross Margin (2020-2025)
7.4.4 National Oilwell Varco Main Business and Markets Served
7.4.5 National Oilwell Varco Recent Developments/Updates
7.5 Varel International
7.5.1 Varel International Drill Bits (Oil and Gas) Company Information
7.5.2 Varel International Drill Bits (Oil and Gas) Product Portfolio
7.5.3 Varel International Drill Bits (Oil and Gas) Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Varel International Main Business and Markets Served
7.5.5 Varel International Recent Developments/Updates
7.6 Drilformance
7.6.1 Drilformance Drill Bits (Oil and Gas) Company Information
7.6.2 Drilformance Drill Bits (Oil and Gas) Product Portfolio
7.6.3 Drilformance Drill Bits (Oil and Gas) Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Drilformance Main Business and Markets Served
7.6.5 Drilformance Recent Developments/Updates
7.7 Sinopec Oilfield Equipment Corporation
7.7.1 Sinopec Oilfield Equipment Corporation Drill Bits (Oil and Gas) Company Information
7.7.2 Sinopec Oilfield Equipment Corporation Drill Bits (Oil and Gas) Product Portfolio
7.7.3 Sinopec Oilfield Equipment Corporation Drill Bits (Oil and Gas) Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Sinopec Oilfield Equipment Corporation Main Business and Markets Served
7.7.5 Sinopec Oilfield Equipment Corporation Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Drill Bits (Oil and Gas) Industry Chain Analysis
8.2 Drill Bits (Oil and Gas) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Drill Bits (Oil and Gas) Production Mode & Process Analysis
8.4 Drill Bits (Oil and Gas) Sales and Marketing
8.4.1 Drill Bits (Oil and Gas) Sales Channels
8.4.2 Drill Bits (Oil and Gas) Distributors
8.5 Drill Bits (Oil and Gas) Customer Analysis
9 Drill Bits (Oil and Gas) Market Dynamics
9.1 Drill Bits (Oil and Gas) Industry Trends
9.2 Drill Bits (Oil and Gas) Market Drivers
9.3 Drill Bits (Oil and Gas) Market Challenges
9.4 Drill Bits (Oil and Gas) Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
FEATURED COMPANIES
Schlumberger Limited
Baker Hughes
Halliburton
National Oilwell Varco
Varel International
Drilformance
Sinopec Oilfield Equipment Corporation
List of Tables
 Table 1. Global Drill Bits (Oil and Gas) Market Value by Type, (US$ Million) & (2024 VS 2031)
 Table 2. Global Drill Bits (Oil and Gas) Market Value by Application, (US$ Million) & (2024 VS 2031)
 Table 3. Global Drill Bits (Oil and Gas) Production Capacity (K Units) by Manufacturers in 2024
 Table 4. Global Drill Bits (Oil and Gas) Production by Manufacturers (2020-2025) & (K Units)
 Table 5. Global Drill Bits (Oil and Gas) Production Market Share by Manufacturers (2020-2025)
 Table 6. Global Drill Bits (Oil and Gas) Production Value by Manufacturers (2020-2025) & (US$ Million)
 Table 7. Global Drill Bits (Oil and Gas) Production Value Share by Manufacturers (2020-2025)
 Table 8. Global Key Players of Drill Bits (Oil and Gas), Industry Ranking, 2023 VS 2024
 Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Drill Bits (Oil and Gas) as of 2024)
 Table 10. Global Market Drill Bits (Oil and Gas) Average Price by Manufacturers (USD/Unit) & (2020-2025)
 Table 11. Global Key Manufacturers of Drill Bits (Oil and Gas), Manufacturing Base Distribution and Headquarters
 Table 12. Global Key Manufacturers of Drill Bits (Oil and Gas), Product Offered and Application
 Table 13. Global Key Manufacturers of Drill Bits (Oil and Gas), Date of Enter into This Industry
 Table 14. Global Drill Bits (Oil and Gas) Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global Drill Bits (Oil and Gas) Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global Drill Bits (Oil and Gas) Production Value (US$ Million) by Region (2020-2025)
 Table 18. Global Drill Bits (Oil and Gas) Production Value Market Share by Region (2020-2025)
 Table 19. Global Drill Bits (Oil and Gas) Production Value (US$ Million) Forecast by Region (2026-2031)
 Table 20. Global Drill Bits (Oil and Gas) Production Value Market Share Forecast by Region (2026-2031)
 Table 21. Global Drill Bits (Oil and Gas) Production Comparison by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 22. Global Drill Bits (Oil and Gas) Production (K Units) by Region (2020-2025)
 Table 23. Global Drill Bits (Oil and Gas) Production Market Share by Region (2020-2025)
 Table 24. Global Drill Bits (Oil and Gas) Production (K Units) Forecast by Region (2026-2031)
 Table 25. Global Drill Bits (Oil and Gas) Production Market Share Forecast by Region (2026-2031)
 Table 26. Global Drill Bits (Oil and Gas) Market Average Price (USD/Unit) by Region (2020-2025)
 Table 27. Global Drill Bits (Oil and Gas) Market Average Price (USD/Unit) by Region (2026-2031)
 Table 28. Global Drill Bits (Oil and Gas) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 29. Global Drill Bits (Oil and Gas) Consumption by Region (2020-2025) & (K Units)
 Table 30. Global Drill Bits (Oil and Gas) Consumption Market Share by Region (2020-2025)
 Table 31. Global Drill Bits (Oil and Gas) Forecasted Consumption by Region (2026-2031) & (K Units)
 Table 32. Global Drill Bits (Oil and Gas) Forecasted Consumption Market Share by Region (2026-2031)
 Table 33. North America Drill Bits (Oil and Gas) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)
 Table 34. North America Drill Bits (Oil and Gas) Consumption by Country (2020-2025) & (K Units)
 Table 35. North America Drill Bits (Oil and Gas) Consumption by Country (2026-2031) & (K Units)
 Table 36. Europe Drill Bits (Oil and Gas) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)
 Table 37. Europe Drill Bits (Oil and Gas) Consumption by Country (2020-2025) & (K Units)
 Table 38. Europe Drill Bits (Oil and Gas) Consumption by Country (2026-2031) & (K Units)
 Table 39. Asia Pacific Drill Bits (Oil and Gas) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K Units)
 Table 40. Asia Pacific Drill Bits (Oil and Gas) Consumption by Region (2020-2025) & (K Units)
 Table 41. Asia Pacific Drill Bits (Oil and Gas) Consumption by Region (2026-2031) & (K Units)
 Table 42. Latin America, Middle East & Africa Drill Bits (Oil and Gas) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K Units)
 Table 43. Latin America, Middle East & Africa Drill Bits (Oil and Gas) Consumption by Country (2020-2025) & (K Units)
 Table 44. Latin America, Middle East & Africa Drill Bits (Oil and Gas) Consumption by Country (2026-2031) & (K Units)
 Table 45. Global Drill Bits (Oil and Gas) Production (K Units) by Type (2020-2025)
 Table 46. Global Drill Bits (Oil and Gas) Production (K Units) by Type (2026-2031)
 Table 47. Global Drill Bits (Oil and Gas) Production Market Share by Type (2020-2025)
 Table 48. Global Drill Bits (Oil and Gas) Production Market Share by Type (2026-2031)
 Table 49. Global Drill Bits (Oil and Gas) Production Value (US$ Million) by Type (2020-2025)
 Table 50. Global Drill Bits (Oil and Gas) Production Value (US$ Million) by Type (2026-2031)
 Table 51. Global Drill Bits (Oil and Gas) Production Value Market Share by Type (2020-2025)
 Table 52. Global Drill Bits (Oil and Gas) Production Value Market Share by Type (2026-2031)
 Table 53. Global Drill Bits (Oil and Gas) Price (USD/Unit) by Type (2020-2025)
 Table 54. Global Drill Bits (Oil and Gas) Price (USD/Unit) by Type (2026-2031)
 Table 55. Global Drill Bits (Oil and Gas) Production (K Units) by Application (2020-2025)
 Table 56. Global Drill Bits (Oil and Gas) Production (K Units) by Application (2026-2031)
 Table 57. Global Drill Bits (Oil and Gas) Production Market Share by Application (2020-2025)
 Table 58. Global Drill Bits (Oil and Gas) Production Market Share by Application (2026-2031)
 Table 59. Global Drill Bits (Oil and Gas) Production Value (US$ Million) by Application (2020-2025)
 Table 60. Global Drill Bits (Oil and Gas) Production Value (US$ Million) by Application (2026-2031)
 Table 61. Global Drill Bits (Oil and Gas) Production Value Market Share by Application (2020-2025)
 Table 62. Global Drill Bits (Oil and Gas) Production Value Market Share by Application (2026-2031)
 Table 63. Global Drill Bits (Oil and Gas) Price (USD/Unit) by Application (2020-2025)
 Table 64. Global Drill Bits (Oil and Gas) Price (USD/Unit) by Application (2026-2031)
 Table 65. Schlumberger Drill Bits (Oil and Gas) Company Information
 Table 66. Schlumberger Drill Bits (Oil and Gas) Specification and Application
 Table 67. Schlumberger Drill Bits (Oil and Gas) Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 68. Schlumberger Main Business and Markets Served
 Table 69. Schlumberger Recent Developments/Updates
 Table 70. Baker Hughes Drill Bits (Oil and Gas) Company Information
 Table 71. Baker Hughes Drill Bits (Oil and Gas) Specification and Application
 Table 72. Baker Hughes Drill Bits (Oil and Gas) Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 73. Baker Hughes Main Business and Markets Served
 Table 74. Baker Hughes Recent Developments/Updates
 Table 75. Halliburton Drill Bits (Oil and Gas) Company Information
 Table 76. Halliburton Drill Bits (Oil and Gas) Specification and Application
 Table 77. Halliburton Drill Bits (Oil and Gas) Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 78. Halliburton Main Business and Markets Served
 Table 79. Halliburton Recent Developments/Updates
 Table 80. National Oilwell Varco Drill Bits (Oil and Gas) Company Information
 Table 81. National Oilwell Varco Drill Bits (Oil and Gas) Specification and Application
 Table 82. National Oilwell Varco Drill Bits (Oil and Gas) Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 83. National Oilwell Varco Main Business and Markets Served
 Table 84. National Oilwell Varco Recent Developments/Updates
 Table 85. Varel International Drill Bits (Oil and Gas) Company Information
 Table 86. Varel International Drill Bits (Oil and Gas) Specification and Application
 Table 87. Varel International Drill Bits (Oil and Gas) Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 88. Varel International Main Business and Markets Served
 Table 89. Varel International Recent Developments/Updates
 Table 90. Drilformance Drill Bits (Oil and Gas) Company Information
 Table 91. Drilformance Drill Bits (Oil and Gas) Specification and Application
 Table 92. Drilformance Drill Bits (Oil and Gas) Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 93. Drilformance Main Business and Markets Served
 Table 94. Drilformance Recent Developments/Updates
 Table 95. Sinopec Oilfield Equipment Corporation Drill Bits (Oil and Gas) Company Information
 Table 96. Sinopec Oilfield Equipment Corporation Drill Bits (Oil and Gas) Specification and Application
 Table 97. Sinopec Oilfield Equipment Corporation Drill Bits (Oil and Gas) Production (K Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2020-2025)
 Table 98. Sinopec Oilfield Equipment Corporation Main Business and Markets Served
 Table 99. Sinopec Oilfield Equipment Corporation Recent Developments/Updates
 Table 100. Key Raw Materials Lists
 Table 101. Raw Materials Key Suppliers Lists
 Table 102. Drill Bits (Oil and Gas) Distributors List
 Table 103. Drill Bits (Oil and Gas) Customers List
 Table 104. Drill Bits (Oil and Gas) Market Trends
 Table 105. Drill Bits (Oil and Gas) Market Drivers
 Table 106. Drill Bits (Oil and Gas) Market Challenges
 Table 107. Drill Bits (Oil and Gas) Market Restraints
 Table 108. Research Programs/Design for This Report
 Table 109. Key Data Information from Secondary Sources
 Table 110. Key Data Information from Primary Sources
 Table 111. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Drill Bits (Oil and Gas)
 Figure 2. Global Drill Bits (Oil and Gas) Market Value by Type, (US$ Million) & (2020-2031)
 Figure 3. Global Drill Bits (Oil and Gas) Market Share by Type: 2024 VS 2031
 Figure 4. Fixed Cutter Bits Product Picture
 Figure 5. Roller Cone Bits Product Picture
 Figure 6. Global Drill Bits (Oil and Gas) Market Value by Application, (US$ Million) & (2020-2031)
 Figure 7. Global Drill Bits (Oil and Gas) Market Share by Application: 2024 VS 2031
 Figure 8. Offshore
 Figure 9. Onshore
 Figure 10. Global Drill Bits (Oil and Gas) Production Value (US$ Million), 2020 VS 2024 VS 2031
 Figure 11. Global Drill Bits (Oil and Gas) Production Value (US$ Million) & (2020-2031)
 Figure 12. Global Drill Bits (Oil and Gas) Production Capacity (K Units) & (2020-2031)
 Figure 13. Global Drill Bits (Oil and Gas) Production (K Units) & (2020-2031)
 Figure 14. Global Drill Bits (Oil and Gas) Average Price (USD/Unit) & (2020-2031)
 Figure 15. Drill Bits (Oil and Gas) Report Years Considered
 Figure 16. Drill Bits (Oil and Gas) Production Share by Manufacturers in 2024
 Figure 17. Global Drill Bits (Oil and Gas) Production Value Share by Manufacturers (2024)
 Figure 18. Drill Bits (Oil and Gas) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 19. The Global 5 and 10 Largest Players: Market Share by Drill Bits (Oil and Gas) Revenue in 2024
 Figure 20. Global Drill Bits (Oil and Gas) Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 21. Global Drill Bits (Oil and Gas) Production Value Market Share by Region: 2020 VS 2024 VS 2031
 Figure 22. Global Drill Bits (Oil and Gas) Production Comparison by Region: 2020 VS 2024 VS 2031 (K Units)
 Figure 23. Global Drill Bits (Oil and Gas) Production Market Share by Region: 2020 VS 2024 VS 2031
 Figure 24. North America Drill Bits (Oil and Gas) Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 25. Europe Drill Bits (Oil and Gas) Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 26. China Drill Bits (Oil and Gas) Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 27. Japan Drill Bits (Oil and Gas) Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 28. Global Drill Bits (Oil and Gas) Consumption by Region: 2020 VS 2024 VS 2031 (K Units)
 Figure 29. Global Drill Bits (Oil and Gas) Consumption Market Share by Region: 2020 VS 2024 VS 2031
 Figure 30. North America Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 31. North America Drill Bits (Oil and Gas) Consumption Market Share by Country (2020-2031)
 Figure 32. U.S. Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 33. Canada Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 34. Europe Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 35. Europe Drill Bits (Oil and Gas) Consumption Market Share by Country (2020-2031)
 Figure 36. Germany Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 37. France Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 38. U.K. Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 39. Italy Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 40. Netherlands Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 41. Asia Pacific Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 42. Asia Pacific Drill Bits (Oil and Gas) Consumption Market Share by Region (2020-2031)
 Figure 43. China Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 44. Japan Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 45. South Korea Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 46. China Taiwan Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 47. Southeast Asia Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 48. India Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 49. Latin America, Middle East & Africa Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 50. Latin America, Middle East & Africa Drill Bits (Oil and Gas) Consumption Market Share by Country (2020-2031)
 Figure 51. Mexico Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 52. Brazil Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 53. Turkey Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 54. GCC Countries Drill Bits (Oil and Gas) Consumption and Growth Rate (2020-2031) & (K Units)
 Figure 55. Global Production Market Share of Drill Bits (Oil and Gas) by Type (2020-2031)
 Figure 56. Global Production Value Market Share of Drill Bits (Oil and Gas) by Type (2020-2031)
 Figure 57. Global Drill Bits (Oil and Gas) Price (USD/Unit) by Type (2020-2031)
 Figure 58. Global Production Market Share of Drill Bits (Oil and Gas) by Application (2020-2031)
 Figure 59. Global Production Value Market Share of Drill Bits (Oil and Gas) by Application (2020-2031)
 Figure 60. Global Drill Bits (Oil and Gas) Price (USD/Unit) by Application (2020-2031)
 Figure 61. Drill Bits (Oil and Gas) Value Chain
 Figure 62. Channels of Distribution (Direct Vs Distribution)
 Figure 63. Bottom-up and Top-down Approaches for This Report
 Figure 64. Data Triangulation
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