According to our (Global Info Research) latest study, the global Underreamer market size was valued at US$ 1676 million in 2024 and is forecast to a readjusted size of USD 2428 million by 2031 with a CAGR of 5.5% 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.
An underreamer is a type of drilling tool used in the oil and gas industry, particularly in wellbore construction. It is a tool that is designed to enlarge the hole being drilled by cutting through the surrounding rock or formation. The underreamer typically follows a smaller pilot bit and allows for a larger diameter hole to be created without needing to change the drill bit.
In recent years, the global Underreamer market has continued to expand, and it is expected to maintain a steady growth trend in the next few years.
Development of various regions around the world: North America is one of the main regions in the global drilling Underreamer market, among which the US market occupies an important position. The United States has abundant oil and natural gas resources, and the demand for drilling reamers continues to grow. Europe also has an important position in the drilling Underreamer market. Developed countries such as Germany, France, and the United Kingdom have advanced oil extraction technology and perfect energy infrastructure, and have a high demand for drilling reamers. Asia is one of the fastest growing regions in the global Underreamer market. Countries such as China and India have invested heavily in infrastructure construction, and the demand for Underreamer continues to grow. Especially in China, with the advancement of urbanization and the acceleration of energy extraction, the market demand for drilling reamers and construction reamers continues to increase.
Market dynamics: In recent years, with the development of technologies such as artificial intelligence, big data, and cloud computing, the reamer industry has continuously carried out technological innovation, improving the performance and intelligence of products. With the increase in market demand, a large number of competitors have poured into the Underreamer industry, and market competition has become increasingly fierce. Brand companies have stepped up technological innovation and after-sales service to increase their market share. In the future, with the continued growth of global energy demand and the continuous advancement of infrastructure construction, the Underreamer market will usher in more development opportunities. At the same time, technological innovation and market competition will also drive the industry forward.
This report is a detailed and comprehensive analysis for global Underreamer 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 Underreamer market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031
Global Underreamer market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031
Global Underreamer market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K US$/Unit), 2020-2031
Global Underreamer market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K 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 Underreamer
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 Underreamer 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, DRILLSTAR, Hole Opener Corporation, Easydrill LLC, NOV Inc, Center Rock, Stuckey's Specialty Tools, Titan Tools, BURINTEKH, Spoked Solutions, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Underreamer 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
Rock Type Underreamer
Drag Type Underreamer
Drilling Type Underreamer
Tubing Underreamer
Market segment by Application
Drilling Operations
Exploration Well
Other
Major players covered
Schlumberger
DRILLSTAR
Hole Opener Corporation
Easydrill LLC
NOV Inc
Center Rock
Stuckey's Specialty Tools
Titan Tools
BURINTEKH
Spoked Solutions
Baker Hughes
HD Engineering
LiMAR
BESTEBIT
Halliburton
Geomash
Guizhou Gaofeng Petroleum Machinery
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 Underreamer product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Underreamer, with price, sales quantity, revenue, and global market share of Underreamer from 2020 to 2025.
Chapter 3, the Underreamer competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Underreamer 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 Underreamer 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 Underreamer.
Chapter 14 and 15, to describe Underreamer sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Underreamer. Industry analysis & Market Report on Underreamer is a syndicated market report, published as Global Underreamer Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Underreamer market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.