Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global PDC Drill Bits Market: By Type: Matrix Body, Steel Body; By Size of PDC Cutter: Less Than 9 mm, 9 mm to 24 mm, Above 24 mm; By Number of Blades; By Application: Onshore, Offshore; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global PDC Drill Bits Market Outlook

The global PDC drill bits market reached a value of about USD 4.1 billion in 2020. The industry is further expected to grow at a CAGR of about 4% in the forecast period of 2023-2028 to reach a value of around USD 5.07 billion by 2026.

 

Global PDC Drill Bits Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Latin America Expected to Grow Fastest in the Forecast Period

In order to explore oil and gas reserves, PDC drills are required to excavate the region. Currently, North America has the highest share in the PDC drills because of a high number of oil and natural gas exploratory missions, combined with readily available technology for the same. These companies also require considerable financial assistance which is made available through large investments. In the forecast period, the market for PDC drills is expected to rise with a high rate in the Latin American sector because of the presence of rich oil and natural gas reserves. Overall, since the demand for oil and natural gas is increasing, the market for PDC drills is expected to grow both in terms of growth rate and value.

 

PDC Drill Bits: Market Segmentation

PDC drill bits are drilling tools used primarily in the field of drilling in oil exploration. PDC – Polycrystalline Diamond Compact – is a tough material which has a synthetic diamond fused to a stout shoulder for appropriate impact, since diamond is the hardest material. The stout shoulder is made from a tungsten carbide substrate, which is also a tough substance. The drilling apparatus is mainly dependent on four different entities in the drill viz., cutters, cutting structure, blades, and bit body.

 

Global PDC Drill Bits Market By Size Of PDC Cutter

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

The PDC drill bits industry can be segmented by type into:

  • Matrix Body
  • Steel Body

The market can be differentiated on the basis of the size of the PDC cutter as:

  • Less Than 9 mm
  • 9 mm to 24 mm
  • Above 24 mm

The market can be segmented on the basis of number of blades into:

  • Less Than 6
  • 6-10
  • Above 10

It may be divided on the basis of application into:

  • Onshore
  • Offshore

The regional markets for PDC drill bits can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global PDC Drill Bits Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Increasing Exploratory Missions Bolstering the Market Growth

PDC drill bits are required for oil and natural gas exploratory missions and as the demand for oil and natural gas grows, the number of such exploratory missions is also bound to increase, which, in turn, is expected to increase the demand for these drill bits. Since PDC drill bits are relatively more efficient than other materials used in exploratory missions, they are preferred over other conventional apparatuses. Despite government regulations about environmental damages in oil and natural gas exploration, the industry is expected to grow because of increasing investments and technological advancements in the complementary tools required alongside PDC drill bits.

 

Key Industry Players in the Global PDC Drill Bits Market

The report gives a detailed analysis of the following key players in the global PDC drill bits market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Baker Hughes Company
  • NOV Inc.
  • Xi’am Landrill Oil Tools Co. Ltd.
  • Rockpecker Limited
  • Schlumberger Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Size of PDC Cutter, Number of Blades, Application, Region
Breakup by Type Matrix Body, Steel Body
Breakup by Size of PDC Cutter Less Than 9 mm, 9 mm to 24 mm, Above 24 mm
Breakup by Number of Blades Less Than 6, 6–10, Above 10
Breakup by Application Onshore, Offshore
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Baker Hughes Company, NOV Inc., Xi’am Landrill Oil Tools Co. Ltd., Rockpecker Limited, Schlumberger Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global PDC Drill Bits Market Analysis

    8.1    Key Industry Highlights
    8.2    Global PDC Drill Bits Historical Market (2018-2022) 
    8.3    Global PDC Drill Bits Market Forecast (2023-2028)
    8.4    Global PDC Drill Bits Market by Type
        8.4.1    Matrix Body
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Steel Body
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global PDC Drill Bits Market by Size of PDC Cutter
        8.5.1    Less Than 9 mm
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    9 mm to 24 mm
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Above 24 mm 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
    8.6    Global PDC Drill Bits Market by Number of Blades
        8.6.1    Less Than 6
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    6–10
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Above 10
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
    8.7    Global PDC Drill Bits Market by Application
        8.7.1    Onshore
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Offshore
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
    8.8    Global PDC Drill Bits Market by Region       
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028) 
9    North America PDC Drill Bits Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe PDC Drill Bits Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific PDC Drill Bits Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America PDC Drill Bits Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa PDC Drill Bits Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Baker Hughes Company
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    NOV Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Xi’am Landrill Oil Tools Co. Ltd
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Rockpecker Limited
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Schlumberger Limited
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global PDC Drill Bits Market: Key Industry Highlights, 2018 and 2028
2.    Global PDC Drill Bits Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global PDC Drill Bits Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global PDC Drill Bits Historical Market: Breakup by Size of PDC Cutter (USD Million), 2018-2022
5.    Global PDC Drill Bits Market Forecast: Breakup by Size of PDC Cutter (USD Million), 2023-2028
6.    Global PDC Drill Bits Historical Market: Breakup by Application (USD Million), 2018-2022
7.    Global PDC Drill Bits Market Forecast: Breakup by Application (USD Million), 2023-2028
8.    Global PDC Drill Bits Historical Market: Breakup by Number of Blades (USD Million), 2018-2022
9.    Global PDC Drill Bits Market Forecast: Breakup by Number of Blades (USD Million), 2023-2028
10.    Global PDC Drill Bits Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global PDC Drill Bits Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America PDC Drill Bits Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America PDC Drill Bits Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe PDC Drill Bits Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe PDC Drill Bits Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific PDC Drill Bits Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific PDC Drill Bits Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America PDC Drill Bits Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America PDC Drill Bits Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa PDC Drill Bits Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa PDC Drill Bits Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global PDC Drill Bits Market Structure

Key Questions Answered in the Report

In 2020, the global PDC drill bits market attained a value of nearly USD 4.1 billion.

The market is projected to grow at a CAGR of 4% between 2023 and 2028.

The major drivers of the market include technological advancements, increasing industrialisation and urbanisation, population growth, increase in exploration, and increase in demand for speedy drilling.

The increasing demand for oil and natural gas and increasing investments are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The PDC drill bits industry can be segmented by type into matrix body and steel body.

The market can be differentiated on the basis of the size of the PDC cutter as less than 9 mm, 9 mm to 24 mm, and above 24 mm.

The market can be segmented on the basis of the number of blades into less than 6, 6-10, and above 10.

The major applications of the market are onshore and offshore.

The major players in the industry are Baker Hughes Company, NOV Inc., Xi’am Landrill Oil Tools Co. Ltd., Rockpecker Limited, and Schlumberger Limited, among others.

Analyst Review

The global PDC drill bits market attained a value of nearly USD 4.1 billion in 2020, driven by the increasing demand for oil and natural gas. Aided by technological advancements and increasing investments, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 4%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The PDC drill bits industry can be segmented by type into matrix body and steel body. The market can be differentiated on the basis of the size of the PDC cutter as less than 9 mm, 9 mm to 24 mm, and above 24 mm. The market can be segmented on the basis of the number of blades into less than 6, 6-10, and above 10. The major applications of the market are onshore and offshore. The major regional markets for PDC drill bits are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Baker Hughes Company, NOV Inc., Xi’am Landrill Oil Tools Co. Ltd., Rockpecker Limited, and Schlumberger Limited, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER