Oil & Gas Drill
Oil & Gas Drill Bits Market Size and Growth
The global oil and gas drill bits market is projected to witness significant growth due to increasing exploration activities and technological advancements. The market size is estimated to reach $7.9 billion by 2027, with a CAGR of 6.8%. Key players are focusing on developing innovative drill bits to meet the growing demand. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Atlas Copco
◍ Varel International
◍ GE(Baker Hughes)
◍ Schlumberger
◍ National Oil-well Varco
◍ Halliburton
◍ Torquado Drilling Accessories
◍ Kingdream Public Limited Company
◍ 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
The competitive landscape of the Oil & Gas Drill Bits Market is highly fragmented with key players such as Atlas Copco, Varel International, GE (Baker Hughes), Schlumberger, National Oil-well Varco, Halliburton, Torquado Drilling Accessories, and more. These companies offer a variety of drill bits tailored to specific drilling needs, driving market growth.
- Atlas Copco reported sales revenue of $13.55 billion.
- GE (Baker Hughes) reported sales revenue of $23.7 billion.
- Schlumberger reported sales revenue of $32.82 billion.
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