Downhole Drilling Tools Market - Roadmap for Recovery from COVID-19 | The Increase In Oil And Gas E&P Activities to Boost the...
September 25 2020 - 8:00PM
Business Wire
Technavio has been monitoring the downhole drilling tools market
and it is poised to grow by $ 3.65 bn during 2020-2024, progressing
at a CAGR of almost 3% during the forecast period. The report
offers an up-to-date analysis regarding the current market
scenario, latest trends and drivers, and the overall market
environment.
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Technavio has announced its latest market
research report titled Global Downhole Drilling Tools Market
2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth
of various industries, the immediate impact of the outbreak is
varied. While a few industries will register a drop in demand,
numerous others will continue to remain unscathed and show
promising growth opportunities. Technavio’s in-depth research has
all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19
analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
- What are the major trends in the market? Implementation of new
exploration policies is a major trend driving the growth of the
market.
- At what rate is the market projected to grow? The
year-over-year growth for 2020 is estimated at -8.58% and the
incremental growth of the market is anticipated to be $ 3.65
bn.
- Who are the top players in the market? Baker Hughes Co.,
Halliburton Co., National Oilwell Varco Inc., Nine Energy Service
Inc., RUBICON OILFIELD PRODUCTS LTD., Schlumberger Ltd.,
Schoeller-Bleckmann Oilfield Equipment AG, Tasman Oil Tools Ltd.,
Weatherford International Plc, and Wenzel Downhole Tools, are some
of the major market participants.
- What is the key market driver? The increase in oil and gas
E&P activities is one of the major factors driving the
market.
- How big is the North America market? The North America region
will contribute 39% of the market share.
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Baker Hughes Co.,
Halliburton Co., National Oilwell Varco Inc., Nine Energy Service
Inc., RUBICON OILFIELD PRODUCTS LTD., Schlumberger Ltd.,
Schoeller-Bleckmann Oilfield Equipment AG, Tasman Oil Tools Ltd.,
Weatherford International Plc, and Wenzel Downhole Tools are some
of the major market participants. The increase in oil and gas
E&P activities will offer immense growth opportunities. To make
most of the opportunities, market vendors should focus more on the
growth prospects in the fast-growing segments, while maintaining
their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights
on the impact of COVID-19 at an industry level, a regional level,
and subsequent supply chain operations. This customized report will
also help clients keep up with new product launches in direct &
indirect COVID-19 related markets, upcoming vaccines and pipeline
analysis, and significant developments in vendor operations and
government regulations.
Downhole Drilling Tools Market 2020-2024: Segmentation
Downhole Drilling Tools Market is segmented as below:
- Product
- Tubulars
- Deflection And Downhole Motors
- Casing And Cementing Tools
- Drill Bits
- Others
- Geography
- North America
- MEA
- APAC
- Europe
- South America
To learn more about the global trends impacting the future of
market research, download a free sample:
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Downhole Drilling Tools Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way
of study, synthesis, and summation of data from multiple sources.
The downhole drilling tools market report covers the following
areas:
- Downhole Drilling Tools Market Size
- Downhole Drilling Tools Market Trends
- Downhole Drilling Tools Market Industry Analysis
This study identifies the new exploration policies as one of the
prime reasons driving the downhole drilling tools market growth
during the next few years.
Technavio suggests three forecast scenarios (optimistic,
probable, and pessimistic) considering the impact of COVID-19.
Technavio’s in-depth research has direct and indirect COVID-19
impacted market research reports.
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Downhole Drilling Tools Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist downhole
drilling tools market growth during the next five years
- Estimation of the downhole drilling tools market size and its
contribution to the parent market
- Predictions on upcoming trends and changes in consumer
behavior
- The growth of the downhole drilling tools market
- Analysis of the market’s competitive landscape and detailed
information on vendors
- Comprehensive details of factors that will challenge the growth
of downhole drilling tools market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Tubulars - Market size and forecast 2019-2024
- Deflection and downhole motors - Market size and forecast
2019-2024
- Casing and cementing tools - Market size and forecast
2019-2024
- Drill bits - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Onshore - Market size and forecast 2019-2024
- Offshore - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Baker Hughes Co.
- Halliburton Co.
- National Oilwell Varco Inc.
- Nine Energy Service Inc.
- RUBICON OILFIELD PRODUCTS LTD.
- Schlumberger Ltd.
- Schoeller-Bleckmann Oilfield Equipment AG
- Tasman Oil Tools Ltd.
- Weatherford International Plc
- Wenzel Downhole Tools
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory
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version on businesswire.com: https://www.businesswire.com/news/home/20200925005286/en/
Technavio Research Jesse Maida Media & Marketing Executive
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