市場調查報告書
商品編碼
661211

鑽頭的全球市場 - 成長,趨勢,預測(2019年∼2024年)

Drill Bit Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

出版日期: | 出版商: Mordor Intelligence Pvt Ltd | 英文 120 Pages | 商品交期: 2-3個工作天內

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  • 全貌
  • 簡介
  • 目錄
簡介

全球鑽頭市場在2019年∼2024年間,預測將以約11.98%的年複合成長率成長。預計E&P活動的增加,及非傳統資源開發的擴大,定向鑽井的增加等促進這個市場成長。

本報告提供全球鑽頭市場調查,市場概要,各類型、使用地方、地區的市場規模的變化與預測,市場成長要素及阻礙因素分析,競爭情形,主要企業的簡介等全面性資訊。

目錄

第1章 簡介

  • 調查範圍
  • 市場定義
  • 調查的前提條件
  • 調查成果
  • 調查階段

第2章 調查方法

第3章 摘要整理

第4章 市場概要

  • 簡介
  • 市場規模與需求預測
  • 市場動態
    • 成長要素
    • 阻礙因素
  • 產業供應鏈分析
  • 波特的五力分析
    • 買方議價能力
    • 供給企業談判力
    • 新加入業者的威脅
    • 替代品的威脅
    • 競爭企業間的敵對關係

第5章 市場區隔

  • 各類型
    • 牙輪鑽頭
    • fix刀位元
  • 各使用地方
    • 陸上
    • 海上
  • 各地區
    • 北美
    • 亞太地區
    • 歐洲
    • 中東、非洲
    • 南美

第6章 競爭情形

  • 合併、收購,合資企業,合作,契約
  • 主要企業的策略
  • 企業簡介
    • Halliburton Company
    • Schlumberger Limited
    • National-Oilwell Varco Inc.
    • Sandvik AB
    • Rockpecker Limited
    • Baker Hughes A GE Co.
    • Xi'an Landrill Oil Tools Co. Ltd
    • Varel International Energy Services Inc.
    • Ulterra Drilling Technologies LP

第7章 市場機會及未來趨勢

目錄
Product Code: 61053

The drill bit market is expected to register a CAGR of more than 7.5% during the forecast period of 2021 - 2026, reaching a value of USD 9.2 billion by 2026, up from USD 5.03 billion in 2019. With the COVID-19 outbreak, several oil and gas projects had been suspended or delayed due to travel bans, supply chain disruptions, and low crude oil prices. In April 2020, crude oil price collapsed due to low cruder oil demand due to several restrictions imposed due to COVID-19. Low crude oil price reduces the operator's profit margin, thus having a negative impact on the upstream activities and the market studied. Major factors driving the market include increasing exploration and development activities, increasing unconventional field development activities, and increasing directional drilling. On the other hand, the volatile nature of crude oil prices and the efforts of the major countries to shift from fossil fuel-based energy mix to renewables is expected to hinder the growth of the market studied.

Key Highlights

  • The fixed cutter bit segment is expected to dominate the market during the forecast period due to its advantages compared to the roller cone bit. It is also considered the best drill bit for shale formations.
  • Exploring new markets in emerging economies of South America and Asia-Pacific and innovations in the drill bit technological landscape are expected to present several opportunities to the drill bit manufacturers in the near future.
  • North America has dominated the drill bit market in 2019 and is expected to continue its dominance during the forecast period. With the large-scale implementation of hydraulic fracturing technology and the shale revolution, the United States, which has been a net importer of energy since 1953, is well on track to become a net energy exporter by 2022. As the demand for drill bits is directly affected by oil and gas activities, increased oil and gas drilling activity has resulted in higher demand for drill bits in the country.

Key Market Trends

Fixed Cutter Bits to Dominate the Market

  • Fixed cutter bits have no moving parts or bearings, unlike roller cone bits. The cutters are permanently mounted onto blades, which are integral to the structure of the bit. Polycrystalline diamond compact (PDC) bits dominate this category and hold a much higher market share than roller cone bits in the current drill bit market.
  • Since the invention of the polycrystalline diamond compact (PDC) by General Electric in 1971, this technology has impacted nearly all material removal industries. After its introduction into the drilling industry at Hughes Tool Co. (HTC) by GE Carboloy in late 1972, the PDC cutter and bit technology have progressed slowly for several years.
  • Another contributor to the massive success of the PDC drill bit was the development of computer models, which helped design and understand PDC bits' behavior. Since 2000, PDC bits have rapidly expanded in oil and gas applications. Formations considered un-drillable a few years earlier are being drilled economically and reliably.
  • The PDC bits can penetrate formations with hard interbedded streaks. As PDC is considered to be the best suit for shale drilling, the ongoing rapid developments in the shale business have aided the growth of the PDC drill bit market in the past 20 years. PDC bits are now being used in s majority of North American land drilling applications.
  • The fixed cutter bits segment is estimated to experience a high demand growth rate and is expected to continue dominating the drill bit market during the forecast period.

North America to Dominate the Market

  • North America comprises developed economies with substantial oil and gas resources. The United States is one of the largest crude oil and natural gas producers, which accounted for around 18% and 23% of global oil and gas production, respectively, in 2019. The production surged after 2017, mainly due to robust drilling in its shale reserves, led by the Permian Basin.
  • As the demand for drill bits is directly related to the upstream oil & gas activities, increased oil and gas exploration and production has resulted in higher demand for drill bits in the United States.
  • The unique extended-reach horizontal shale drilling application has created a new set of specific challenges. The drilling challenges in shale formations are now very easily being mitigated by the use of PDC drill bits. Drillers in the region are working in tandem with drill bit manufacturers to optimize the drill bit usage.
  • Furthermore, in Canada, investment in new oil and gas projects is expected to increase during 2021. Nearly CAD 27.3 billion is expected to get invested in oil and gas upstream operations, which is likely to support the market growth during the forecast period.
  • However, with the change in government in December 2020, the United States government plans to halt all upstream oil and gas activities in the federal land and water. The plan, if executed, is expected to impact the drill bit market in the near future significantly.

Competitive Landscape

The drill bit market is moderately consolidated. Some of the major players in the market include Schlumberger Limited, Baker Hughes Company, National-Oilwell Varco Inc., Weatherford International PLC, and Halliburton Company.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2026
  • 4.3 Recent Trends and Developments
  • 4.4 Market Dynamics
    • 4.4.1 Drivers
    • 4.4.2 Restraints
  • 4.5 Supply Chain Analysis
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Bargaining Power of Suppliers
    • 4.6.2 Bargaining Power of Consumers
    • 4.6.3 Threat of New Entrants
    • 4.6.4 Threat of Substitute Products and Services
    • 4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Roller Cone Bit
    • 5.1.2 Fixed Cutter Bit
  • 5.2 Location of Deploymennt
    • 5.2.1 Onshore
    • 5.2.2 Offshore
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Asia-Pacific
    • 5.3.3 Europe
    • 5.3.4 Middle-East and Africa
    • 5.3.5 South America

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Halliburton Company
    • 6.3.2 Schlumberger Limited
    • 6.3.3 National-Oilwell Varco Inc.
    • 6.3.4 Sandvik AB
    • 6.3.5 Rockpecker Limited
    • 6.3.6 Baker Hughes Company
    • 6.3.7 Xi'an Landrill Oil Tools Co. Ltd
    • 6.3.8 Varel International Energy Services Inc.
    • 6.3.9 Ulterra Drilling Technologies LP

7 MARKET OPPORTUNITIES AND FUTURE TRENDS