PDC Drill Bits Market Size, Share, Trends, Growth 2032
PDC Drill Bits Market By Product (Steel Body, Matrix Body), By Number of Blades (Less than 6, Between 6 and 10, More than 10) By Size of the PDC Cutter (Less than 9mm, Between 9 and 14mm, Between 15 and 24mm, More than 24mm), By Location of Deployment (Offshore and Onshore): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 4.24 Billion | USD 6.67 Billion | 5.16% | 2023 |
Table Of Content
- Chapter 1.Preface
- 1.1.Report Description
- 1.1.Report Scope
- Chapter 2.Research Methodology
- 2.1.Research Methodology
- 2.2.Secondary Research
- 2.3.Primary Research
- 2.4.Models
- 2.4.1.Company Share Analysis Model
- 2.4.2.Revenue Based Modeling
- 2.5.Research Limitations
- Chapter 3.Executive Summary
- 3.1.Global PDC Drill Bits Market, 2016 – 2026 (USD Million)
- 3.2.Global PDC Drill Bits Market: Snapshot
- Chapter 4.PDC Drill Bits Market – Industry Analysis
- 4.1.Introduction
- 4.2.Market Drivers
- 4.2.1.Driving Factor 1 Analysis
- 4.2.2.Driving Factor 2 Analysis:
- 4.3.Market Restraints
- 4.3.1.Restraining Factor Analysis
- 4.4.Market Opportunities
- 4.4.1.Market Opportunity & Use-case Anaysis
- 4.4.2.Use – Cases for PDC Drill Bits
- 4.5.Porter’s Five Forces Analysis
- 4.6.COVID 19 Impact Analysis
- 4.6.1.1.Impact on Product Development and Technology Adoption
- 4.6.1.2.Gap Analysis
- Chapter 5.Investment Proposition Analysis
- 5.1.Global PDC Drill Bits Market Attractiveness, By Product
- 5.2.Global PDC Drill Bits Market Attractiveness, By Number of Blades
- 5.3.Global PDC Drill Bits Market Attractiveness, By Size of the PDC Cutter
- 5.4.Global PDC Drill Bits Market Attractiveness, By Location of Deployment
- 5.5.Global PDC Drill Bits Market Attractiveness, By Region
- Chapter 6.Competitive Landscape
- 6.1.Company Market Share Analysis - 2019
- 6.1.1.Global PDC Drill Bits Market: Company Market Share, 2019
- 6.2.Strategic Developments
- 6.1.Company Market Share Analysis - 2019
- Chapter 7.PDC Drill Bits Market – Product Segment Analysis
- 7.1.Global PDC Drill Bits Market Overview: by Product
- 7.1.1.Global PDC Drill Bits Market Revenue Share, by Product, 2019 & 2026
- 7.2.Global PDC Drill Bits Market Analysis/Overview – By Product
- 7.2.1.Steel Body – Overview/Analysis
- 7.2.2.Matrix Body – Overview/Analysis
- 7.3.Steel Body
- 7.3.1.Global PDC Drill Bits Market for Steel Body, Revenue (USD Million) 2016 - 2026
- 7.4.Matrix Body
- 7.4.1.Global PDC Drill Bits Market for Matrix Body, Revenue (USD Million) 2016 - 2026
- 7.1.Global PDC Drill Bits Market Overview: by Product
- Chapter 8.PDC Drill Bits Market – Number of Blades Segment Analysis
- 8.1.Global PDC Drill Bits Market Overview: by Number of Blades
- 8.1.1.Global PDC Drill Bits Market Revenue Share, by Number of Blades, 2019 & 2026
- 8.2.Global PDC Drill Bits Market Analysis/Overview – By Number of Blades
- 8.2.1.Less than 6 – Overview/Analysis
- 8.2.2.Between 6 and 10 – Overview/Analysis
- 8.2.3.More than 10 – Overview/Analysis
- 8.3.Less than 6
- 8.3.1.Global PDC Drill Bits Market for Less than 6, Revenue (USD Million) 2016 - 2026
- 8.4.Between 6 and 10
- 8.4.1.Global PDC Drill Bits Market for Between 6 and 10, Revenue (USD Million) 2016 - 2026
- 8.5.More than 10
- 8.5.1.Global PDC Drill Bits Market for More than 10, Revenue (USD Million) 2016 - 2026
- 8.1.Global PDC Drill Bits Market Overview: by Number of Blades
- Chapter 9.PDC Drill Bits Market – Size of the PDC Cutter Segment Analysis
- 9.1.Global PDC Drill Bits Market Overview: by Size of the PDC Cutter
- 9.1.1.Global PDC Drill Bits Market Revenue Share, by Size of the PDC Cutter, 2019 & 2026
- 9.2.Global PDC Drill Bits Market Analysis/Overview – By Size of the PDC Cutter
- 9.2.1.Less than 9mm – Overview/Analysis
- 9.2.2.Between 9 and 14mm – Overview/Analysis
- 9.2.3.Between 15 and 24mm – Overview/Analysis
- 9.2.4.More than 24mm – Overview/Analysis
- 9.3.Less than 9mm
- 9.3.1.Global PDC Drill Bits Market for Less than 9mm, Revenue (USD Million) 2016 - 2026
- 9.4.Between 9 and 14mm
- 9.4.1.Global PDC Drill Bits Market for Between 9 and 14mm, Revenue (USD Million) 2016 - 2026
- 9.5.Between 15 and 24mm
- 9.5.1.Global PDC Drill Bits Market for Between 15 and 24mm, Revenue (USD Million) 2016 - 2026
- 9.6.More than 24mm
- 9.6.1.Global PDC Drill Bits Market for More than 24mm, Revenue (USD Million) 2016 - 2026
- 9.1.Global PDC Drill Bits Market Overview: by Size of the PDC Cutter
- Chapter 10.PDC Drill Bits Market – Location of Deployment Segment Analysis
- 10.1.Global PDC Drill Bits Market Overview: by Location of Deployment
- 10.1.1.Global PDC Drill Bits Market Revenue Share, by Location of Deployment, 2019 & 2026
- 10.2.Global PDC Drill Bits Market Analysis/Overview – By Location of Deployment
- 10.2.1.Offshore – Overview/Analysis
- 10.2.2.Onshore – Overview/Analysis
- 10.3.Offshore
- 10.3.1.Global PDC Drill Bits Market for Offshore, Revenue (USD Million) 2016 - 2026
- 10.4.Onshore
- 10.4.1.Global PDC Drill Bits Market for Onshore, Revenue (USD Million) 2016 - 2026
- 10.1.Global PDC Drill Bits Market Overview: by Location of Deployment
- Chapter 11.PDC Drill Bits Market – Regional Analysis
- 11.1.Global PDC Drill Bits Market: Regional Overview
- 11.1.1.Global PDC Drill Bits Market Revenue Share, by Region, 2019 & 2026
- 11.1.2.Global PDC Drill Bits Market Revenue, by Region, 2016 – 2026 (USD Million)
- 11.2.North America
- 11.2.1.North America PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
- 11.2.2.North America PDC Drill Bits Market Revenue, by Country, 2016 – 2026 (USD Million)
- 11.2.3.North America PDC Drill Bits Market Revenue, by Product, 2016 – 2026
- 11.2.4.North America PDC Drill Bits Market Revenue, by Number of Blades, 2016 – 2026
- 11.2.5.North America PDC Drill Bits Market Revenue, by Size of the PDC Cutter, 2016 – 2026
- 11.2.6.North America PDC Drill Bits Market Revenue, by Location of Deployment, 2016 – 2026
- 11.2.7. U.S.
- 11.2.8.Canada
- 11.2.9.Mexico
- 11.3.Europe
- 11.3.1.Europe PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
- 11.3.2.Europe PDC Drill Bits Market Revenue, by Country, 2016 – 2026 (USD Million)
- 11.3.3.Europe PDC Drill Bits Market Revenue, by Product, 2016 – 2026
- 11.3.4.Europe PDC Drill Bits Market Revenue, by Number of Blades, 2016 – 2026
- 11.3.5.Europe PDC Drill Bits Market Revenue, by Size of the PDC Cutter, 2016 – 2026
- 11.3.6.Europe PDC Drill Bits Market Revenue, by Location of Deployment, 2016 – 2026
- 11.3.7.Germany
- 11.3.8.France
- 11.3.9. U.K.
- 11.3.10.Italy
- 11.3.11.Spain
- 11.3.12.Rest of Europe
- 11.4.Asia Pacific
- 11.4.1.Asia Pacific PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
- 11.4.2.Asia Pacific PDC Drill Bits Market Revenue, by Country, 2016 – 2026 (USD Million)
- 11.4.3.Asia Pacific PDC Drill Bits Market Revenue, by Product, 2016 – 2026
- 11.4.4.Asia Pacific PDC Drill Bits Market Revenue, by Number of Blades, 2016 – 2026
- 11.4.5.Asia Pacific PDC Drill Bits Market Revenue, by Size of the PDC Cutter, 2016 – 2026
- 11.4.6.Asia Pacific PDC Drill Bits Market Revenue, by Location of Deployment, 2016 – 2026
- 11.4.7.China
- 11.4.8.Japan
- 11.4.9.India
- 11.4.10.South Korea
- 11.4.11.Rest of Asia Pacific
- 11.5.Latin America
- 11.5.1.Latin America PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
- 11.5.2.Latin America PDC Drill Bits Market Revenue, by Country, 2016 – 2026 (USD Million)
- 11.5.3.Latin America PDC Drill Bits Market Revenue, by Product, 2016 – 2026
- 11.5.4.Latin America PDC Drill Bits Market Revenue, by Number of Blades, 2016 – 2026
- 11.5.5.Latin America PDC Drill Bits Market Revenue, by Size of the PDC Cutter, 2016 – 2026
- 11.5.6.Latin America PDC Drill Bits Market Revenue, by Location of Deployment, 2016 – 2026
- 11.5.7.Brazil
- 11.5.8.Rest of Latin America
- 11.6.The Middle-East and Africa
- 11.6.1.The Middle-East and Africa PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
- 11.6.2.The Middle-East and Africa PDC Drill Bits Market Revenue, by Country, 2016 – 2026 (USD Million)
- 11.6.3.The Middle-East and Africa PDC Drill Bits Market Revenue, by Product, 2016 – 2026
- 11.6.4.The Middle-East and Africa PDC Drill Bits Market Revenue, by Number of Blades, 2016 – 2026
- 11.6.5.The Middle-East and Africa PDC Drill Bits Market Revenue, by Size of the PDC Cutter, 2016 – 2026
- 11.6.6.The Middle-East and Africa PDC Drill Bits Market Revenue, by Location of Deployment, 2016 – 2026
- 11.6.7.GCC Countries
- 11.6.8.South Africa
- 11.6.9.Rest of Middle-East Africa
- 11.1.Global PDC Drill Bits Market: Regional Overview
- Chapter 12.Company Profiles
- 12.1.Ultera
- 12.1.1.Company Overview
- 12.1.2.Financial Overview
- 12.1.3.Product Portfolio
- 12.1.4.Business Strategy
- 12.1.5.Recent Developments
- 12.2.Vulgaburmash
- 12.3.Schlumberger
- 12.4.Shear Bits
- 12.5.Halliburton
- 12.6.Varel
- 12.7.NOV
- 12.8.Atlas Copco
- 12.9.Sichuan Chuanshi Diamond Bit
- 12.1.Drill Master International
- 12.11.Rubicon Oilfield International
- 12.12.Torquato
- 12.13.Western Drilling touls
- 12.14.BHGE
- 12.1.Ultera
Table Of Figures
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global PDC Drill Bits Market
FIG. 6 Global PDC Drill Bits Market Attractiveness, By Product
FIG. 7 Global PDC Drill Bits Market Attractiveness, By Number of Blades
FIG. 8 Global PDC Drill Bits Market Attractiveness, By Size of the PDC Cutter
FIG. 9 Global PDC Drill Bits Market Attractiveness, By Location of Deployment
FIG. 10 Global PDC Drill Bits Market Attractiveness, By Region
FIG. 11 Company Share Analysis, 2019
FIG. 12 Global PDC Drill Bits Market Revenue Share, by Product, 2019 & 2026
FIG. 13 Global PDC Drill Bits Market for Steel Body, Revenue (USD Million) 2016 - 2026
FIG. 14 Global PDC Drill Bits Market for Matrix Body, Revenue (USD Million) 2016 - 2026
FIG. 15 Global PDC Drill Bits Market Revenue Share, by Number of Blades, 2019 & 2026
FIG. 16 Global PDC Drill Bits Market for Less than 6, Revenue (USD Million) 2016 - 2026
FIG. 17 Global PDC Drill Bits Market for Between 6 and 10, Revenue (USD Million) 2016 - 2026
FIG. 18 Global PDC Drill Bits Market for More than 10, Revenue (USD Million) 2016 - 2026
FIG. 19 Global PDC Drill Bits Market Revenue Share, by Size of the PDC Cutter, 2019 & 2026
FIG. 20 Global PDC Drill Bits Market for Less than 9mm, Revenue (USD Million) 2016 - 2026
FIG. 21 Global PDC Drill Bits Market for Between 9 and 14mm, Revenue (USD Million) 2016 - 2026
FIG. 22 Global PDC Drill Bits Market for Between 15 and 24mm, Revenue (USD Million) 2016 - 2026
FIG. 23 Global PDC Drill Bits Market for More than 24mm, Revenue (USD Million) 2016 - 2026
FIG. 24 Global PDC Drill Bits Market Revenue Share, by Location of Deployment, 2019 & 2026
FIG. 25 Global PDC Drill Bits Market for Offshore, Revenue (USD Million) 2016 - 2026
FIG. 26 Global PDC Drill Bits Market for Onshore, Revenue (USD Million) 2016 - 2026
FIG. 27 Global PDC Drill Bits Market Revenue Share, by Region, 2019 & 2026
FIG. 28 North America PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
FIG. 29 Europe PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
FIG. 30 Asia Pacific PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
FIG. 31 Latin America PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
FIG. 32 The Middle-East and Africa PDC Drill Bits Market Revenue, 2016 - 2026 (USD Million)
FIG. 33 Ultera Business Segment Revenue Share, 2018 (%)
FIG. 34 Ultera Geographical Segment Revenue Share, 2018 (%)
Table Of Tables
List of Tables
TABLE 1 Global PDC Drill Bits Market: Snapshot
TABLE 2 Drivers of the PDC Drill Bits Market: Impact Analysis
TABLE 3 Restraints for the PDC Drill Bits Market: Impact Analysis
TABLE 4 Global PDC Drill Bits Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America PDC Drill Bits Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America PDC Drill Bits Market Revenue, by Product, 2016 – 2026 (USD Million)
TABLE 7 North America PDC Drill Bits Market Revenue, by Number of Blades, 2016 – 2026 (USD Million)
TABLE 8 North America PDC Drill Bits Market Revenue, by Size of the PDC Cutter, 2016 – 2026 (USD Million)
TABLE 9 North America PDC Drill Bits Market Revenue, by Location of Deployment, 2016 – 2026 (USD Million)
TABLE 10 Europe PDC Drill Bits Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 11 Europe PDC Drill Bits Market Revenue, by Product, 2016 – 2026 (USD Million)
TABLE 12 Europe PDC Drill Bits Market Revenue, by Number of Blades, 2016 – 2026 (USD Million)
TABLE 13 Europe PDC Drill Bits Market Revenue, by Size of the PDC Cutter, 2016 – 2026 (USD Million)
TABLE 14 Europe PDC Drill Bits Market Revenue, by Location of Deployment, 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific PDC Drill Bits Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific PDC Drill Bits Market Revenue, by Product, 2016 – 2026 (USD Million)
TABLE 17 Asia Pacific PDC Drill Bits Market Revenue, by Number of Blades, 2016 – 2026 (USD Million)
TABLE 18 Asia Pacific PDC Drill Bits Market Revenue, by Size of the PDC Cutter, 2016 – 2026 (USD Million)
TABLE 19 Asia Pacific PDC Drill Bits Market Revenue, by Location of Deployment, 2016 – 2026 (USD Million)
TABLE 20 Latin America PDC Drill Bits Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 21 Latin America PDC Drill Bits Market Revenue, by Product, 2016 – 2026 (USD Million)
TABLE 22 Latin America PDC Drill Bits Market Revenue, by Number of Blades, 2016 – 2026 (USD Million)
TABLE 23 Latin America PDC Drill Bits Market Revenue, by Size of the PDC Cutter, 2016 – 2026 (USD Million)
TABLE 24 Latin America PDC Drill Bits Market Revenue, by Location of Deployment, 2016 – 2026 (USD Million)
TABLE 25 The Middle-East and Africa PDC Drill Bits Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 26 The Middle-East and Africa PDC Drill Bits Market Revenue, by Product, 2016 – 2026 (USD Million)
TABLE 27 The Middle-East and Africa PDC Drill Bits Market Revenue, by Number of Blades, 2016 – 2026 (USD Million)
TABLE 28 The Middle-East and Africa PDC Drill Bits Market Revenue, by Size of the PDC Cutter, 2016 – 2026 (USD Million)
TABLE 29 The Middle-East and Africa PDC Drill Bits Market Revenue, by Location of Deployment, 2016 – 2026 (USD Million)
Methodology
FrequentlyAsked Questions
PDC (Polycrystalline Diamond Compact) drill bits are specialized drilling instruments that are employed in the oil and gas industry, as well as in mining and geothermal drilling. These bits are engineered to optimize performance in abrasive and hard granite formations.
Exploration and drilling activities are stimulated by the growing global energy demand, which results in the increased utilization of advanced drilling technologies such as PDC drill bits.
Zion Market Research has published a report on the global PDC Drill Bits Market, estimating its value at USD 4.24 Billion in 2023, with projections indicating that it will reach USD 6.67 Billion by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 5.16% over the forecast period 2024-2032.
Based on regions, the market for PDC drill bits can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North American region is anticipated to lead the global PDC drill bits market. This growth is due to the rising exploration and production of shale gas in North America.
The key market players of the global PDC drill bits market include Ultera, Volgaburmash, Schlumberger, Shear Bits, Halliburton, Varel, NOV, Atlas Copco, Sichuan Chuanshi Diamond Bit, Drill Master International, Rubicon Oilfield International, Torquato, Western Drilling tools, and BHGE, among several others.
RelatedNews
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed