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Machinery & Equipment Global Oil Well Metal Drill Bits Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4629722
    • |
  • 14 October, 2025
    • |
  • Global
    • |
  • 119 Pages
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  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Oil Well Metal Drill Bits market size was valued at US$ 576 million in 2024 and is forecast to a readjusted size of USD 731 million by 2031 with a CAGR of 3.5% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Oil well metal drill bits are specialized drilling tools used in the oil and gas industry to bore through various geological formations and reach oil and gas reservoirs deep underground. These bits are designed to withstand extreme pressure, high temperatures, and abrasive conditions encountered during drilling. Typically made from high-strength metals like steel and often enhanced with diamond or tungsten carbide tips, they provide durability and cutting efficiency for prolonged use.
This report is a detailed and comprehensive analysis for global Oil Well Metal Drill Bits market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Oil Well Metal Drill Bits market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Oil Well Metal Drill Bits market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Oil Well Metal Drill Bits market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Oil Well Metal Drill Bits market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Oil Well Metal Drill Bits
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Oil Well Metal Drill Bits market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Schlumberger, BHGE, Halliburton, National Oilwell Varco, Varel International, Drilformance Technologies, Sinopec Oilfield Equipment Corporation (SOFE), Baker Hughes, Kingdream, Sinopec, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Oil Well Metal Drill Bits market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Fixed Cutter Drill Bits
Roller Cone Drill Bits
Market segment by Application
Land
Maritime
Major players covered
Schlumberger
BHGE
Halliburton
National Oilwell Varco
Varel International
Drilformance Technologies
Sinopec Oilfield Equipment Corporation (SOFE)
Baker Hughes
Kingdream
Sinopec
China Petroleum
Tianjin Lilin BIT Co., Ltd.
Cangzhou GREAT Drill Bits
Sichuan BOMCO Petroleum Drill BIT
Chengdu BEST Diamond BIT
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Oil Well Metal Drill Bits product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Oil Well Metal Drill Bits, with price, sales quantity, revenue, and global market share of Oil Well Metal Drill Bits from 2020 to 2025.
Chapter 3, the Oil Well Metal Drill Bits competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Oil Well Metal Drill Bits breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Oil Well Metal Drill Bits market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Oil Well Metal Drill Bits.
Chapter 14 and 15, to describe Oil Well Metal Drill Bits sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Oil Well Metal Drill Bits Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Fixed Cutter Drill Bits
    • 1.3.3 Roller Cone Drill Bits
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Oil Well Metal Drill Bits Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Land
    • 1.4.3 Maritime
  • 1.5 Global Oil Well Metal Drill Bits Market Size & Forecast
    • 1.5.1 Global Oil Well Metal Drill Bits Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Oil Well Metal Drill Bits Sales Quantity (2020-2031)
    • 1.5.3 Global Oil Well Metal Drill Bits Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Schlumberger
    • 2.1.1 Schlumberger Details
    • 2.1.2 Schlumberger Major Business
    • 2.1.3 Schlumberger Oil Well Metal Drill Bits Product and Services
    • 2.1.4 Schlumberger Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Schlumberger Recent Developments/Updates
  • 2.2 BHGE
    • 2.2.1 BHGE Details
    • 2.2.2 BHGE Major Business
    • 2.2.3 BHGE Oil Well Metal Drill Bits Product and Services
    • 2.2.4 BHGE Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 BHGE Recent Developments/Updates
  • 2.3 Halliburton
    • 2.3.1 Halliburton Details
    • 2.3.2 Halliburton Major Business
    • 2.3.3 Halliburton Oil Well Metal Drill Bits Product and Services
    • 2.3.4 Halliburton Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Halliburton Recent Developments/Updates
  • 2.4 National Oilwell Varco
    • 2.4.1 National Oilwell Varco Details
    • 2.4.2 National Oilwell Varco Major Business
    • 2.4.3 National Oilwell Varco Oil Well Metal Drill Bits Product and Services
    • 2.4.4 National Oilwell Varco Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 National Oilwell Varco Recent Developments/Updates
  • 2.5 Varel International
    • 2.5.1 Varel International Details
    • 2.5.2 Varel International Major Business
    • 2.5.3 Varel International Oil Well Metal Drill Bits Product and Services
    • 2.5.4 Varel International Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Varel International Recent Developments/Updates
  • 2.6 Drilformance Technologies
    • 2.6.1 Drilformance Technologies Details
    • 2.6.2 Drilformance Technologies Major Business
    • 2.6.3 Drilformance Technologies Oil Well Metal Drill Bits Product and Services
    • 2.6.4 Drilformance Technologies Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Drilformance Technologies Recent Developments/Updates
  • 2.7 Sinopec Oilfield Equipment Corporation (SOFE)
    • 2.7.1 Sinopec Oilfield Equipment Corporation (SOFE) Details
    • 2.7.2 Sinopec Oilfield Equipment Corporation (SOFE) Major Business
    • 2.7.3 Sinopec Oilfield Equipment Corporation (SOFE) Oil Well Metal Drill Bits Product and Services
    • 2.7.4 Sinopec Oilfield Equipment Corporation (SOFE) Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 Sinopec Oilfield Equipment Corporation (SOFE) Recent Developments/Updates
  • 2.8 Baker Hughes
    • 2.8.1 Baker Hughes Details
    • 2.8.2 Baker Hughes Major Business
    • 2.8.3 Baker Hughes Oil Well Metal Drill Bits Product and Services
    • 2.8.4 Baker Hughes Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Baker Hughes Recent Developments/Updates
  • 2.9 Kingdream
    • 2.9.1 Kingdream Details
    • 2.9.2 Kingdream Major Business
    • 2.9.3 Kingdream Oil Well Metal Drill Bits Product and Services
    • 2.9.4 Kingdream Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Kingdream Recent Developments/Updates
  • 2.10 Sinopec
    • 2.10.1 Sinopec Details
    • 2.10.2 Sinopec Major Business
    • 2.10.3 Sinopec Oil Well Metal Drill Bits Product and Services
    • 2.10.4 Sinopec Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Sinopec Recent Developments/Updates
  • 2.11 China Petroleum
    • 2.11.1 China Petroleum Details
    • 2.11.2 China Petroleum Major Business
    • 2.11.3 China Petroleum Oil Well Metal Drill Bits Product and Services
    • 2.11.4 China Petroleum Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 China Petroleum Recent Developments/Updates
  • 2.12 Tianjin Lilin BIT Co., Ltd.
    • 2.12.1 Tianjin Lilin BIT Co., Ltd. Details
    • 2.12.2 Tianjin Lilin BIT Co., Ltd. Major Business
    • 2.12.3 Tianjin Lilin BIT Co., Ltd. Oil Well Metal Drill Bits Product and Services
    • 2.12.4 Tianjin Lilin BIT Co., Ltd. Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Tianjin Lilin BIT Co., Ltd. Recent Developments/Updates
  • 2.13 Cangzhou GREAT Drill Bits
    • 2.13.1 Cangzhou GREAT Drill Bits Details
    • 2.13.2 Cangzhou GREAT Drill Bits Major Business
    • 2.13.3 Cangzhou GREAT Drill Bits Oil Well Metal Drill Bits Product and Services
    • 2.13.4 Cangzhou GREAT Drill Bits Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Cangzhou GREAT Drill Bits Recent Developments/Updates
  • 2.14 Sichuan BOMCO Petroleum Drill BIT
    • 2.14.1 Sichuan BOMCO Petroleum Drill BIT Details
    • 2.14.2 Sichuan BOMCO Petroleum Drill BIT Major Business
    • 2.14.3 Sichuan BOMCO Petroleum Drill BIT Oil Well Metal Drill Bits Product and Services
    • 2.14.4 Sichuan BOMCO Petroleum Drill BIT Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Sichuan BOMCO Petroleum Drill BIT Recent Developments/Updates
  • 2.15 Chengdu BEST Diamond BIT
    • 2.15.1 Chengdu BEST Diamond BIT Details
    • 2.15.2 Chengdu BEST Diamond BIT Major Business
    • 2.15.3 Chengdu BEST Diamond BIT Oil Well Metal Drill Bits Product and Services
    • 2.15.4 Chengdu BEST Diamond BIT Oil Well Metal Drill Bits Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Chengdu BEST Diamond BIT Recent Developments/Updates

3 Competitive Environment: Oil Well Metal Drill Bits by Manufacturer

  • 3.1 Global Oil Well Metal Drill Bits Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Oil Well Metal Drill Bits Revenue by Manufacturer (2020-2025)
  • 3.3 Global Oil Well Metal Drill Bits Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Oil Well Metal Drill Bits by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Oil Well Metal Drill Bits Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Oil Well Metal Drill Bits Manufacturer Market Share in 2024
  • 3.5 Oil Well Metal Drill Bits Market: Overall Company Footprint Analysis
    • 3.5.1 Oil Well Metal Drill Bits Market: Region Footprint
    • 3.5.2 Oil Well Metal Drill Bits Market: Company Product Type Footprint
    • 3.5.3 Oil Well Metal Drill Bits Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Oil Well Metal Drill Bits Market Size by Region
    • 4.1.1 Global Oil Well Metal Drill Bits Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Oil Well Metal Drill Bits Consumption Value by Region (2020-2031)
    • 4.1.3 Global Oil Well Metal Drill Bits Average Price by Region (2020-2031)
  • 4.2 North America Oil Well Metal Drill Bits Consumption Value (2020-2031)
  • 4.3 Europe Oil Well Metal Drill Bits Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Oil Well Metal Drill Bits Consumption Value (2020-2031)
  • 4.5 South America Oil Well Metal Drill Bits Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Oil Well Metal Drill Bits Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Oil Well Metal Drill Bits Sales Quantity by Type (2020-2031)
  • 5.2 Global Oil Well Metal Drill Bits Consumption Value by Type (2020-2031)
  • 5.3 Global Oil Well Metal Drill Bits Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Oil Well Metal Drill Bits Sales Quantity by Application (2020-2031)
  • 6.2 Global Oil Well Metal Drill Bits Consumption Value by Application (2020-2031)
  • 6.3 Global Oil Well Metal Drill Bits Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Oil Well Metal Drill Bits Sales Quantity by Type (2020-2031)
  • 7.2 North America Oil Well Metal Drill Bits Sales Quantity by Application (2020-2031)
  • 7.3 North America Oil Well Metal Drill Bits Market Size by Country
    • 7.3.1 North America Oil Well Metal Drill Bits Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Oil Well Metal Drill Bits Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Oil Well Metal Drill Bits Sales Quantity by Type (2020-2031)
  • 8.2 Europe Oil Well Metal Drill Bits Sales Quantity by Application (2020-2031)
  • 8.3 Europe Oil Well Metal Drill Bits Market Size by Country
    • 8.3.1 Europe Oil Well Metal Drill Bits Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Oil Well Metal Drill Bits Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Oil Well Metal Drill Bits Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Oil Well Metal Drill Bits Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Oil Well Metal Drill Bits Market Size by Region
    • 9.3.1 Asia-Pacific Oil Well Metal Drill Bits Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Oil Well Metal Drill Bits Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Oil Well Metal Drill Bits Sales Quantity by Type (2020-2031)
  • 10.2 South America Oil Well Metal Drill Bits Sales Quantity by Application (2020-2031)
  • 10.3 South America Oil Well Metal Drill Bits Market Size by Country
    • 10.3.1 South America Oil Well Metal Drill Bits Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Oil Well Metal Drill Bits Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Oil Well Metal Drill Bits Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Oil Well Metal Drill Bits Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Oil Well Metal Drill Bits Market Size by Country
    • 11.3.1 Middle East & Africa Oil Well Metal Drill Bits Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Oil Well Metal Drill Bits Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Oil Well Metal Drill Bits Market Drivers
  • 12.2 Oil Well Metal Drill Bits Market Restraints
  • 12.3 Oil Well Metal Drill Bits Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Oil Well Metal Drill Bits and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Oil Well Metal Drill Bits
  • 13.3 Oil Well Metal Drill Bits Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Oil Well Metal Drill Bits Typical Distributors
  • 14.3 Oil Well Metal Drill Bits Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Oil Well Metal Drill Bits. Industry analysis & Market Report on Oil Well Metal Drill Bits is a syndicated market report, published as Global Oil Well Metal Drill Bits Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Oil Well Metal Drill Bits market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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