Drilling involves boring a hole in the earth's surface for the extraction of petroleum and gas. Downhole drilling tools facilitate the drilling process and enable drillers to counter the challenges associated with drilling such as extreme depth, hightemperature,and pressure difference. These tools guide or steer wells through a small reservoir by changing the trajectory of the well.The global downhole drilling tools market is highly dependent on the robustness of the upstream oil and gas industry, which, in turn, is dependent on global crude oil prices.Downhole drilling tools are used in the drilling processes of the upstream sector to extract the crude oil and natural gas, which sit beneath the earth's surface. The rise in global oil and gas demand has been the major driver for the industry and will continue to do so during the forecast period. The slump in crude oil prices has affected the upstream industry significantly while benefitting the downstream industry. The fall in global crude oil prices caused a decline in upstream company revenues, which caused a major slowdown in global drilling operations. This, in turn, pulled down the global downhole drilling tools market.

PART 01: Executive summary 5

PART 02: Scope of the report 17

PART 03: Research Methodology 22

PART 04: Introduction 25

Market outline 25

PART 05: Market landscape 30

Market overview 30

Market size and forecast 31

Five forces analysis 33

PART 06: Market segmentation by product type 34

Global downhole drilling tools market by product type 34

Global downhole drilling tools market by tubulars 35

Global downhole drilling tools market by deflection tools

and downhole motors 36

Global downhole drilling tools market by casing and

cementing tools 37

Global downhole drilling tools market by drill bits 38

Global downhole drilling tools market by impact tools and

coiled tubing tools 39

Global downhole drilling tools market by miscellaneous

downhole tools 41

Global downhole drilling tools market by others 42

PART 07: Market segmentation by application 44

Global downhole drilling tools market by application 44

Global downhole drilling tools market by onshore 45

Global downhole drilling tools market by offshore 46

PART 08: Geographical segmentation 48

Global downhole drilling tools market by geography

2017-2021 48

Downhole drilling tools market in Americas 49

Downhole drilling tools market in EMEA 51

Downhole drilling tools market by APAC 52

PART 09: Decision framework 54

PART 10: Drivers and challenges 56

Market drivers 57

Market challenges 60

PART 11: Market trends 64

Supercritical carbon dioxide as a fracking fluid in shale

gas fracking 64

Laser drilling technology in oil and gas industry 64

New-generation automated drilling rigs 65

PART 12: Vendor landscape 66

Competitive scenario 66

Other prominent vendors 67

PART 13: Key vendor analysis 68

Baker Hughes 68

Halliburton 69

National Oilwell Varco 70

Schlumberger 72

Weatherford 73

PART 14: Appendix 74

List of abbreviations 74

PART 15: Explore Technavio 75