Global PDC drill bits Market to reach USD 5.0 billion by 2025.

Global PDC drill bits Market valued approximately USD 3.4 billion in 2016 is anticipated to grow with a healthy growth rate of more than 4.43% over the forecast period 2017-2025. Key factors which give growth to the PDC drill bits market is increase in oil & gas drilling activities around the world matrix body can withstand an impact load and is capable of drilling medium-hard to hard formations. These advantages are expected to drive the market for the matrix body type PDC drill bits.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
 
§ Matrix body
§ Steel body

By Size of PDC Cutter:

§ Less than 9mm
§ 9-14mm
§ 15-24mm
§ Above 24mm

By Number of blades:

§ Less than 6
§ 6-10
§ Above 10

By Regions:
§ North America
o U.S.
o Canada
§ Europe
o UK
o Germany
§ Asia Pacific
o China
o India
o Japan
§ Latin America
o Brazil
o Mexico
§ Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market benchmarking, baker Hughes bhge, Halliburton, NOV, Varel, atlas copco, drill master international, shear bits, torquato, ulterra, western drilling tools, YPP.. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Target Audience of the Global PDC drill bits Market in Market Study:

§ Key Consulting Companies & Advisors
§ Large, medium-sized, and small enterprises
§ Venture capitalists
§ Value-Added Resellers (VARs)
§ Third-party knowledge providers
§ Investment bankers
§ Investors