New York, July 4, 2018: The Drilling Tools Market is segmented on the lines of its application, tool type and regional. Basis of application type is segmented into Onshore and Offshore. Based on Tool type it covers Drill Bits, Drill Collars, Drilling Jars, Drilling Motors, Drilling Tubulars, Drill Swivels, Drill Reamers and Stabilizers, Mechanical Thrusters and Shock Tools.

    The scope of the report includes a detailed study of Drilling Tools Market with the reasons given for variations in the growth of the industry in certain regions.

    The Drilling Tools Market is expected to exceed more than US$ 9 Billion by 2023 at a CAGR of 4.9% in the given forecast period.

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    The major driving factors of Drilling Tools Market are as follows:

    • Increasing Drilling Activities
    • Development of Unconventional Hydrocarbon Resources

    The major restraining factors of Drilling Tools Market are as follows:

    • High Maintenance Cost and Transition Time
    • Increasing Focus on Renewable Energy Sources

    The major opportunities factor of Drilling Tools Market are as follows:

    • Developments in Technology

    The major challenges factor of Drilling Tools Market are as follows:

    • Prohibitive Cost of Drilling Tools for Offshore Applications

    The Drilling Tools Market has been segmented as below:

    By Application:

    • Onshore
    • Offshore

    By Tool Type:

    • Drill Bits
    • Drill Collars
    • Drilling Jars
    • Drilling Motors
    • Drilling Tubulars
    • Drill Swivels
    • Drill Reamers and Stabilizers
    • Mechanical Thrusters
    • Shock Tools

    This report provides:

    1) An overview of the global market for Drilling Tools Market and related technologies.
    2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2023.
    3) Identifications of new market opportunities and targeted promotional plans for Drilling Tools Market

    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

    Report scope:

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Benchmarking, Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, Weatherford, Cougar Drilling Solutions, Drilling Tools International, Rubicon Oilfield International, Bico Drilling Tools, Dynomax Drilling Tools, Gyrodata, Pacesetter Directional Drilling, Scientific Drilling and Tianhe Oil Group. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

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    Reasons to Buy this Report:

    1) Obtain the most up to date information available on all Drilling Tools Market.

    2) Identify growth segments and opportunities in the industry.

    3) Facilitate decision making on the basis of strong historic and forecast of Drilling Tools Market.

    4) Assess your competitor’s refining portfolio and its evolution.

     

    Table of Contents

     

    1. Introduction
    2. Research Methodology
    3. Summary with Insights
    4. Market Overview
    5. Drilling Tools Market Analysis, By Application
    6. Drilling Tools Market Analysis, By Tool Type
    7. Competitive Overview
    8. Company Profiles

    8.1    Benchmarking

    8.2    Baker Hughes

    8.3    Halliburton

    8.4    National Oilwell Varco

    8.5    Schlumberger

    8.6    Weatherford

    8.7    Cougar Drilling Solutions

    8.8    Drilling Tools International

    8.9    Rubicon Oilfield International

    8.10    Bico Drilling Tools

    8.11    Dynomax Drilling Tools

    8.12    Gyrodata

    8.13    Pacesetter Directional Drilling

    8.14    Scientific Drilling

    8.15    Tianhe Oil Group

     

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    Source: http://www.financeswire.com/drilling-tools-market-is-projected-to-reach-us-9-billion-by-2023