Drill bits are cutting tools used to remove material to create holes, almost always of circular cross-section. Drill bits come in many sizes and shape and can create different kinds of holes in many different materials. In order to create holes drill bits are attached to a drill, which powers them to cut through the workpiece, typically by rotation. The drill will grasp the upper end of a bit called the shank in the chuck.
Asia Pacific is expected to be a potential industry for drill bit owing to the presence of crude oil fields in China, Indonesia, Philippines, Australia, Brunei, Gulf of Thailand and Java. In 2015, Santos, an Australia based company, discovered presence of crude oil in its deep water exploration campaign in Malaysia which is likely to augment the crude oil and natural gas industry growth thereby providing new opportunities for drilling and machinery industry.
The Drill Bits market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Drill Bits.
This report presents the worldwide Drill Bits market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Robert Bosch Tool Corporation
ITW
IRWIN TOOLS
DEWALT
LENOX
Hilti
Norsema
Sutton Tools
Aura Frästechnik GmbH
Hartner
Regal Cutting Tools
TDC Cutting Tools
Greenfield Industries
IZAR CUTTING TOOLS
RUKO GmbH
Drill Bits Breakdown Data by Type
Twist Drill Bits
Step Drill Bits
Brad Point Drill Bits
Countersink
Other Types
Drill Bits Breakdown Data by Application
Metal
Wood
Glass
Masonry
Others
Drill Bits Production by Region
United States
Europe
China
Japan
Other Regions
Drill Bits Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Drill Bits status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Drill Bits manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Drill Bits :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Drill Bits market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Drill Bits . Industry analysis & Market Report on Drill Bits is a syndicated market report, published as Global Drill Bits Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Drill Bits market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.