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PDC Drill Bits Market by Type (Matrix Body and Steel Body), Size of PDC Cutter (Less than 9 mm, 9–14 mm, 15–24 mm, and Above 24 mm), Number of Blades (Less than 6, 6–10, and Above 10), and Region (North America, Asia Pacific, and Europe) - Global Forecast to 2023

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Date: 11-May-2018
No. of pages: 123
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“The PDC drill bits market is projected to grow at a CAGR of 4.41% from 2018 to 2023.”
The PDC drill bits market is projected to reach USD 4.54 billion by 2023, growing at a CAGR of 4.41% from 2018 to 2023.The growth of the PDC drill bits market can be attributed to an increase in oil & gas drilling activities across the world. Increasing focus on renewable energy by governments of many countries is the major challenge faced by the players in this market.

“The matrix body segment is expected to grow at the highest CAGR of 4.69% from 2017 to 2022.”

The matrix body segment is estimated to grow at the highest CAGR in the PDC drill bits market during the forecast period. The increase in the global oil & gas well drilling has accentuated the need for drill bits. Since after the financial crunch in oil & gas, a majority of the operators are looking for an advanced technology that can drill a well at a higher Rate of Penetration (ROP) in less down-time cost.

“15–24 mm: The largest market for PDC drill bits, by size of PDC cutter”
The 15–24mmsize segment is estimated to hold the largest share of the PDC drill bits market in 2017 and is expected to grow at a decent pace during the forecast period. The 15-24mm segment is used for drilling medium-hard and hard formations with a higher ROP, which is one of the major driving factors for the growth of the 15–24mm PDC drill bits market. It is expected that the US, China, and some countries of the Middle East will have a greater demand for the 15–24 mm sized bit in the near future.

North America: The fastest-growing market for PDC drill bits The US is estimated to be the fastest-growing market for PDC drill bits during the forecast period. The market growth in the region can be attributed to the recent developments in the oil & gas drilling activity in the US, Canada, and Mexico. The increase in the shale gas exploration & production is also likely to boost the demand for PDC drill bits in the region during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 55%, Tier 2- 20%, Tier 3- 25%
By Designation: C-Level- 35%, D-Level- 30%, Others- 35%
By Region: North America- 30%, Europe- 20%, Asia Pacific- 25%, South America- 5%, Middle East - 15%, and Africa- 5%

Note: The tier of the companies has been defined on the basis of their total revenue; as of 2016: Tier 1 = >USD 1 billion, Tier 2 = from USD 100million to USD 500 million, and Tier 3 = < USD 100million.

The key players in the PDC drill bits market include Schlumberger (US), BHGE (US), Halliburton (US), NOV (US), and Varel (US).

Research Coverage:

The report provides a picture of the PDC drill bits market and its segments across industries and regions. It aims at estimating the market size and future market growth potential across different segments, by type, size of PDC cutter, number of blades, and region. Furthermore, the report includes an in-depth competitive analysis of key players in the market along with their company profiles, recent developments, and key market strategies.

Why buy this report?
1.    The report identifies and addresses key markets for PDC drill bits, which would help OEMs review the growth in demand for the product.
2.    The report helps drilling operators understand the pulse of the market and provides insights into market drivers, restraints, opportunities, and challenges.
3.    The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

PDC Drill Bits Market by Type (Matrix Body and Steel Body), Size of PDC Cutter (Less than 9 mm, 9–14 mm, 15–24 mm, and Above 24 mm), Number of Blades (Less than 6, 6–10, and Above 10), and Region (North America, Asia Pacific, and Europe) - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the PDC Drill Bits Market
4.2 PDC Drill Bits Market, By Country
4.3 North America: PDC Drill Bits Market, By Country & Type
4.4 Market, By Type
4.5 Market, By Size of PDC Cutter
4.6 Market, By Number of Blades

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Increasing Drilling Activities
5.1.1.2 PDC Bits Can Reduce the Total Cost By Three-Fourths
5.1.2 Restraints
5.1.2.1 Environmental Risks and Strict Government Regulations for Hydrocarbon Based Fuel Sources
5.1.3 Opportunities
5.1.3.1 Growing Production of Shale Gas
5.1.4 Challenges
5.1.4.1 Crude Oil Prices
5.1.4.2 Overheating Owing to High Rop of PDC Drill Bits

6 PDC Drill Bits Market, By Type
6.1 Introduction
6.2 Matrix Body
6.3 Steel Body

7 PDC Drill Bits Market, By Size of PDC Cutter
7.1 Introduction
7.2 15–24mm
7.3 9–14mm
7.4 Above 24mm
7.5 Less Than 9mm

8 PDC Drill Bits Market, By Number of Blades
8.1 Introduction
8.2 6–10
8.3 Less Than 6
8.4 Above 10

9 PDC Drill Bits Market, By Region
9.1 Introduction
9.2 North America
9.2.1 By Type
9.2.2 By Size of PDC Cutter
9.2.3 By Number of Blades
9.2.4 By Country
9.2.4.1 Us
9.2.4.2 Canada
9.2.4.3 Mexico
9.3 Asia Pacific
9.3.1 By Type
9.3.2 By Size of PDC Cutter
9.3.3 By Number of Blades
9.3.4 By Country
9.3.4.1 China
9.3.4.2 Thailand
9.3.4.3 India
9.3.4.4 Indonesia
9.3.4.5 Rest of Asia Pacific
9.4 Europe
9.4.1 By Type
9.4.2 By Size of PDC Cutter
9.4.3 By Number of Blades
9.4.4 By Country
9.4.4.1 Russia
9.4.4.2 UK
9.4.4.3 Norway
9.4.4.4 Rest of Europe
9.5 South America
9.5.1 By Type
9.5.2 By Size of PDC Cutter
9.5.3 By Number of Blades
9.5.4 By Country
9.5.4.1 Argentina
9.5.4.2 Venezuela
9.5.4.3 Brazil
9.5.4.4 Rest of South America
9.6 Middle East
9.6.1 By Type
9.6.2 By Size of PDC Cutter
9.6.3 By Number of Blades
9.6.4 By Country
9.6.4.1 Oman
9.6.4.2 Saudi Arabia
9.6.4.3 UAE
9.6.4.4 Iran
9.6.4.5 Rest of the Middle East
9.7 Africa
9.7.1 By Type
9.7.2 By Size of PDC Cutter
9.7.3 By Number of Blades
9.7.4 By Country
9.7.4.1 Egypt
9.7.4.2 Algeria
9.7.4.3 Angola
9.7.4.4 Nigeria
9.7.4.5 Rest of Africa

10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Contracts & Agreements
10.3.3 Others

11 Company Profile
11.1 Benchmarking
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.2 Schlumberger
11.3 Baker Hughes (A Ge Company) Bhge
11.4 Halliburton
11.5 NOV
11.6 Varel
11.7 Atlas Copco
11.8 Drill Master International
11.9 Rubicon Oilfield International
11.10 Sichuan Chuanshi Diamond Bit
11.11 Shear Bits
11.12 Torquato
11.13 Ulterra
11.14 Volgaburmash
11.15 Western Drilling Tools
11.16 YPP

*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details

List of Tables

Table 1 PDC Drill Bits Market Snapshot
Table 2 PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 3 Matrix Body: PDC Drill Bits Market, By Region, 2016–2023 (USD Million)
Table 4 Steel Body: Market, By Region, 2016–2023 (USD Million)
Table 5 PDC Drill Bits Market Size, By Size of PDC Cutter, 2016–2023 (USD Million)
Table 6 15–24mm: PDC Drill Bits Market Size, By Region, 2016–2023 (USD Million)
Table 7 9–14mm: Market Size, By Region, 2016–2023 (USD Million)
Table 8 Above 24mm: PDC Drill Bits Market Size, By Region, 2016–2023 (USD Million)
Table 9 Less Than 9mm: Market Size, By Region, 2016–2023 (USD Million)
Table 10 PDC Drill Bits Market Size, By Number of Blades, 2016–2023 (USD Million)
Table 11 6–10: PDC Drill Bits Market Size, By Region, 2016–2023 (USD Million)
Table 12 Less Than 6: PDC Drill Bits Market Size, By Region, 2016–2023 (USD Million)
Table 13 Above 10: Market Size, By Region, 2016–2023 (USD Million)
Table 14 PDC Drill Bits Market Size, By Region, 2016–2023 (USD Million)
Table 15 Top Five Largest Countries: PDC Drill Bits Market Size, 2016–2023 (USD Million)
Table 16 Top Five Fastest Growing Countries: PDC Drill Bits Market, 2016–2023 (USD Million)
Table 17 North America: PDC Drill Bits Market Size, By Country, 2016–2023 (USD Million)
Table 18 North America: Market Size, By Type, 2016–2023 (USD Million)
Table 19 North America: Market Size, By Size of PDC Cutter, 2016–2023 (USD Million)
Table 20 North America: Market Size, By Number of Blades, 2016–2023 (USD Million)
Table 21 US: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 22 Canada: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 23 Mexico: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 24 Asia Pacific: PDC Drill Bits Market Size, By Country, 2016–2023 (USD Million)
Table 25 Asia Pacific: Market Size, By Type, 2016–2023 (USD Million)
Table 26 Asia Pacific: Market Size, By Size of PDC Cutter, 2016–2023 (USD Million)
Table 27 Asia Pacific: Market Size, By Number of Blades, 2016–2023 (USD Million)
Table 28 China: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 29 Thailand: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 30 India: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 31 Indonesia: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 32 Rest of Asia Pacific: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 33 Europe: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 34 Europe: Market Size, By Size of PDC Cutter, 2016–2023 (USD Million)
Table 35 Europe: Market Size, By Number of Blades, 2016–2023 (USD Million)
Table 36 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 37 Russia: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 38 UK: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 39 Norway: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 40 Rest of Europe: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 41 South America: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 42 South America: Market Size, By Size of PDC Cutter, 2016–2023 (USD Million)
Table 43 South America: Market Size, By Number of Blades, 2016–2023 (USD Million)
Table 44 South America: Market Size, By Country, 2016–2023 (USD Million)
Table 45 Argentina: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 46 Venezuela: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 47 Brazil: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 48 Rest of South America: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 49 Middle East: PDC Drill Bits Market Size, By Country, 2016–2023 (USD Million)
Table 50 Middle East: Market Size, By Type, 2016–2023 (USD Million)
Table 51 Middle East: Market Size, By PDC Cutter Size, 2016–2023 (USD Million)
Table 52 Middle East: Market Size, By Number of Blades, 2016–2023 (USD Million)
Table 53 Oman: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 54 Saudi Arabia: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 55 UAE: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 56 Iran: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 57 Rest of the Middle East: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 58 Africa: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 59 Africa: PDC Drill Bits, By Size of PDC Cutter, 2016–2023 (USD Million)
Table 60 Africa: PDC Drill Bits Market Size, By Number of Blades, 2016–2023 (USD Million)
Table 61 Africa:  Market Size, By Country, 2016–2023 (USD Million)
Table 62 Egypt: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 63 Algeria: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 64 Angola: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 65 Nigeria: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 66 Rest of Africa: PDC Drill Bits Market Size, By Type, 2016–2023 (USD Million)
Table 67 Market Development Between 2015 and 2018
Table 68 New Product Launches, 2015–2017
Table 69 Contracts & Agreements, 2016–2017
Table 70 Others, 2014–2017

List of Figures

Figure 1 Markets Covered: PDC Drill Bits Market
Figure 2 PDC Drill Bits Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 The North America LED the PDC Drill Bits Market in 2017
Figure 8 The Matrix Body Segment is Expected to Dominate the PDC Drill Bits Market During the Forecast Period
Figure 9 The 15–24 Mm Segment is Expected to Lead the PDC Drill Bits Market During the Forecast Period
Figure 10 The 6–10 Segment is Expected to Dominate the PDC Drill Bits Market During the Forecast Period
Figure 11 Increasing Oil & Gas Drilling Activities Across the World is Driving the PDC Drill Bits Market During the Forecast Period
Figure 12 The US Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 US Held the Largest Share of the PDC Drill Bits Market in the North America in 2017
Figure 14 The Matrix Body Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 The 15-24 Mm Segment is Expected to Dominate the PDC Drill Bits Market During the Forecast Period
Figure 16 The 6-10 Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 PDC Drill Bits: Drivers, Restraints, Opportunities, & Challenges
Figure 18 Energy Consumption By Region
Figure 19 The Matrix Body Type Segment is Expected to Dominate the PDC Drill Bits Market During the Forecast Period (USD Million)
Figure 20 The 15–24mm PDC Cutter Segment LED the PDC Drill Bits Market in 2017
Figure 21 The 6–10 Number of Blades Segment is Expected to Dominate the PDC Drill Bits Market During the Forecast Period
Figure 22 Regional Snapshot: the Market in North America is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America is Expected to Hold the Largest Share of the PDC Drill Bits Market During the Forecast Period
Figure 24 US LED the PDC Drill Bits Market in 2017
Figure 25 Asia Pacific Market Snapshot
Figure 26 China: the Largest PDC Drill Bits Market in Asia Pacific, 2017
Figure 27 Russia LED the PDC Drill Bits Market in 2017
Figure 28 Argentina Held the Largest Market Share in South America Market, in 2017
Figure 29 Oman: the Largest PDC Drill Bits Market in the Middle East, 2017
Figure 30 Egypt LED the PDC Drill Bits Market in Africa, in 2017
Figure 31 Key Developments in the PDC Drill Bits Market 2015–2018
Figure 32 Schlumberger LED the PDC Drill Bits Market in 2017
Figure 33 Benchmarking of Top 5 Players
Figure 34 Schlumberger: Company Snapshot
Figure 35 Bhge: Company Snapshot
Figure 36 Halliburton: Company Snapshot
Figure 37 NOV: Company Snapshot
Figure 38 Atlas Copco: Company Snapshot

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