In this report, Technavio covers the present scenario and growth prospects of the global drilling bits market in oil and gas for 2017-2021. Also, the report discusses the major drivers influencing market growth and the challenges faced by vendors and the market as a whole. It also examines key emerging trends and their impact on current and future market scenarios.One of the integral components of any market estimate and analysis pertains to the definition of the estimates and the exclusions. The following section of the report

enlists certain key estimates, which we have considered while arriving at the market trends and certain exclusions that have helped to demarcate the market contours.

PART 01: Executive summary 6

PART 02: Scope of the report 17

Market overview 17

Top-vendor offerings 19

PART 03: Market research methodology 23

Research methodology 23

Economic indicators 23

PART 04: Introduction 24

Key market highlights 24

Technological overview 24

PART 05: Market landscape 34

Market overview 34

Market size and forecast 35

Five forces analysis 37

PART 06: Market segmentation by product type 38

Global drill bit market in oil and gas by product type

2017-2021 38

Global drill bit market in oil and gas by fixed cutter bits 40

Global drill bit market in oil and gas by roller cone cutter

bits 42

PART 07: Market segmentation by application 44

Global drill bit market in oil and gas by application 2017-

2021 44

Global drill bit market by onshore 46

Global drill bit market by offshore 47

PART 08: Market segmentation by Geography 49

Global oil and gas drill bits market by geography 2017-

2021 49

Global oil and gas drill bits market by Americas 51

Global oil and gas drill bits market by EMEA 54

Global oil and gas drill bits market by APAC 56

PART 09: Market drivers 58

Migration of drilling into unconventional areas 58

Increased use of horizontal and multilateral wells 60

Focus on reduction of non-productive time (NPT) 62

PART 10: Impact of drivers 64

PART 11: Market challenges 65

Decreasing profitability of upstream petroleum

companies 65

Declining investments in oil and gas industry 68

Reduction and optimization of drilling cost 69

PART 12: Impact of drivers and challenges 71

PART 13: Market trends 72

Integration of drill bits in bottom-hole assemblies 72

Development of application-specific bit technology 72

Advancement of EOR technology 74

PART 14: Vendor landscape 75

Competitive scenario 75

Other prominent vendors 76

PART 15: Key vendor analysis 77

National Oilwell Varco 77

Baker Hughes 79

Halliburton 81

Varel International 83

Schlumberger 84

PART 16: Appendix 87

List of abbreviations 87

PART 17: Explore Technavio 88