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表紙：掘削工具の世界市場の評価：タイプ別、展開場所別、地域別、機会、予測（2017年～2031年）
市場調査レポート
商品コード
1419599

掘削工具の世界市場の評価：タイプ別、展開場所別、地域別、機会、予測（2017年～2031年）

Drilling Tools Market Assessment, By Type [Drill Bit, Drill Collar, Drill Pipe, Drill Reamer and Stabilizer, Drill Swivel, Others], By Location of Deployment [Onshore, Offshore], By Region, Opportunities and Forecast, 2017-2031F
出版日: | 発行: Market Xcel - Markets and Data | ページ情報: 英文 225 Pages | 納期: 3～5営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=156.58円
掘削工具の世界市場の評価：タイプ別、展開場所別、地域別、機会、予測（2017年～2031年）
出版日: 2024年02月01日
発行: Market Xcel - Markets and Data
ページ情報: 英文 225 Pages
納期: 3～5営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の掘削工具の市場規模は、2023年の80億2,000万米ドルから2031年に124億5,000万米ドルに達し、予測期間の2024年～2031年にCAGRで5.65%の成長が見込まれています。市場は近年大幅な成長を示しており、今後数年間も力強い拡大ペースを維持すると予測されます。

掘削工具は、作業中の不要な材料の除去、工作機械の製作、金属加工、メンテナンスコストの低減などの利点をもたらします。さらに、これらの工具は掘削時に非常に効率的であり、一般的なマグネットベースがその安定性を確保するだけでなく、適切な掘削に必要な位置を確保します。市場は、急速な技術の進歩、エネルギー需要の増加、新しい掘削システムの採用、特殊な掘削工具を必要とするシェールガス抽出技術のような非在来型資源の探査といった重大な要因によって拡大します。

インフラ開発プロジェクトの拡大、効率的な掘削作業の必要性、鉱業、建設、採石用途への需要の増加が、世界中で新しい掘削システムの採用に寄与しています。さらに、オフショア/オンショアの石油・ガス田の探査および稼働の増加と高効率な掘削工具へのニーズが、先進の掘削システムの需要をさらに促進しています。さらに、ワイヤードドリルパイプなどの新技術の採用が掘削作業の効率と生産性を向上させ、世界の新しい掘削システムへのシフトを促進しています。

例えば2023年3月、Hydropower Systemsは、掘削効率と生産性を向上させるため、HV212 EOD Hydrovessel掘削システムが地元の鉱山で採用されたと発表しました。このシステムは、加圧水を使って短い網状システムで採掘設備にエネルギーを伝送するもので、これにより鉱山は、作業員の効率を低下させる従来の圧縮空気の使用から移行することができます。さらに同組織は、HV212 EODが生産性の向上でMEMSAイノベーションアワードを受賞し、特にデータ統合が評価されたとしています。HPSハイドロ船舶掘削システムは、掘削効率と生産性を向上させることで、鉱山の収益性を高めています。

ドリルパイプが市場成長を加速

ドリルパイプは、方向制御を合理化するだけでなく、水平掘削中に発生する一般的な問題である接続疲労を軽減することから、市場成長の先陣を切っています。これ以外にも、効率性の向上、生産性の改善、リアルタイムデータアナリティクスなど、数多くの利点があります。さらに、新興市場における先進の掘削ソリューションへのニーズの高まりも、市場成長を大きく促進しています。

例えば、Reelwellは2023年3月、Equinorと948万米ドル相当の契約を結び、北海のOseberg油田を含む同社の事業にデュアルリンクパワードドリルパイプとワイヤードドリルパイプを供給しました。この契約は当初5年間で、オプションで延長が可能で、デュアルリンク技術を活用して掘削効率を高め、坑井の配置を改善し、掘削の自動化を進めることを目的としています。標準的なドリルパイプを有線ネットワークに変換するデュアルリンクシステムは、大幅な効率向上とコスト削減をもたらし、遠隔操作を加速することで、次世代のダウンホール利用を可能にすると予測されています。

ドリルカラーの普及が市場を大きく拡大

ドリルカラーは、掘削用のビットに重量を与えることで、ビットにかかる力の大きさを正確に制御できるようになることから、市場成長を大幅に強化しています。ドリルカラーはドリルストリングの重要なコンポーネントであり、その重量はビットが岩盤を十分に貫通するために必要な下方への力をもたらします。

例えば2023年9月、Oceaneering International, Inc.は、Petrobrasから、既存のドリルパイプライザー（DPR）システム3基の運用に関する7,500万米ドルの5年契約を獲得しました。この契約には、DPRシステムを利用したサービスの提供、施工改修制御システム、プロジェクト管理、エンジニアリング、サポートサービスが含まれます。Oceaneeringはまた、DPRシステム向けの交換アンビリカルについては、ブラジルのニテロイにある同社施設で作業を行うとしており、現地での作業は現在の契約が満了した時点で開始される予定です。

当レポートでは、世界の掘削工具市場について調査分析し、市場規模と予測、市場力学、主要企業情勢と見通しなどを提供しています。

目次

第1章 調査手法

第2章 プロジェクトの範囲と定義

第3章 エグゼクティブサマリー

第4章 顧客の声

  • 製品と市場のインテリジェンス
  • 購入決定において考慮される要素

第5章 世界の掘削工具市場の見通し（2017年～2031年）

  • 市場規模と予測
    • 金額
    • 数量
  • タイプ別
    • ドリルビット
    • ドリルカラー
    • ドリルパイプ
    • ドリルリーマー、スタビライザー
    • ドリルスイベル
    • その他
  • 展開場所別
    • オンショア
    • オフショア
  • 地域別
    • 北米
    • 欧州
    • アジア太平洋
    • 南米
    • 中東・アフリカ
  • 市場シェア：企業別（2023年）

第6章 世界の掘削工具市場の見通し：地域別（2017年～2031年）

  • 北米
    • 市場規模と予測
    • タイプ別
    • 展開場所別
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • フランス
    • イタリア
    • 英国
    • ロシア
    • オランダ
    • スペイン
    • トルコ
    • ポーランド
  • アジア太平洋
    • インド
    • 中国
    • 日本
    • オーストラリア
    • ベトナム
    • 韓国
    • インドネシア
    • フィリピン
  • 南米
    • ブラジル
    • アルゼンチン
  • 中東・アフリカ
    • サウジアラビア
    • アラブ首長国連邦
    • 南アフリカ

第7章 市場マッピング（2023年）

  • タイプ別
  • 展開場所別
  • 地域別

第8章 マクロ環境と産業構造

  • 需給分析
  • 輸出入の分析
  • バリューチェーン分析
  • PESTEL分析
  • ポーターのファイブフォース分析

第9章 市場力学

  • 成長促進要因
  • 成長抑制要因（課題、抑制要因）

第10章 主要企業情勢

  • マーケットリーダー上位5社の競合マトリクス
  • マーケットリーダー上位5社の市場収益分析（2023年）
  • 合併と買収/合弁事業（該当する場合）
  • SWOT分析（市場参入企業5社）
  • 特許分析（該当する場合）

第11章 ケーススタディ

第12章 主要企業の見通し

  • Schlumberger Limited.
  • United Drilling Tools Ltd
  • BICO Drilling Products
  • Cougar Drilling Solutions
  • X Drilling Tools
  • Redback Drilling Tools
  • Shell PLC
  • Weatherford International
  • Baker Hughes Company
  • Texas Steel Conversion Inc.

第13章 戦略的推奨事項

第14章 当社について、免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. Global Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 2. Global Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 3. Global Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 4. Global Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 5. Global Drilling Tools Market Share (%), By Region, 2017-2031F
  • Figure 6. North America Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 7. North America Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 8. North America Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 9. North America Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 10. North America Drilling Tools Market Share (%), By Country, 2017-2031F
  • Figure 11. United States Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 12. United States Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 13. United States Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 14. United States Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 15. Canada Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 16. Canada Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 17. Canada Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 18. Canada Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 19. Mexico Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 20. Mexico Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 21. Mexico Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 22. Mexico Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 23. Europe Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 24. Europe Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 25. Europe Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 26. Europe Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 27. Europe Drilling Tools Market Share (%), By Country, 2017-2031F
  • Figure 28. Germany Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 29. Germany Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 30. Germany Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 31. Germany Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 32. France Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 33. France Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 34. France Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 35. France Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 36. Italy Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 37. Italy Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 38. Italy Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 39. Italy Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 40. United Kingdom Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 41. United Kingdom Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 42. United Kingdom Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 43. United Kingdom Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 44. Russia Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 45. Russia Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 46. Russia Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 47. Russia Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 48. Netherlands Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 49. Netherlands Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 50. Netherlands Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 51. Netherlands Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 52. Spain Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 53. Spain Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 54. Spain Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 55. Spain Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 56. Turkey Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 57. Turkey Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 58. Turkey Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 59. Turkey Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 60. Poland Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 61. Poland Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 62. Poland Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 63. Poland Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 64. South America Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 65. South America Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 66. South America Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 67. South America Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 68. South America Drilling Tools Market Share (%), By Country, 2017-2031F
  • Figure 69. Brazil Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 70. Brazil Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 71. Brazil Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 72. Brazil Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 73. Argentina Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 74. Argentina Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 75. Argentina Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 76. Argentina Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 77. Asia-Pacific Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 78. Asia-Pacific Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 79. Asia-Pacific Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 80. Asia-Pacific Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 81. Asia-Pacific Drilling Tools Market Share (%), By Country, 2017-2031F
  • Figure 82. India Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 83. India Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 84. India Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 85. India Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 86. China Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 87. China Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 88. China Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 89. China Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 90. Japan Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 91. Japan Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 92. Japan Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 93. Japan Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 94. Australia Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 95. Australia Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 96. Australia Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 97. Australia Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 98. Vietnam Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 99. Vietnam Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 100. Vietnam Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 101. Vietnam Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 102. South Korea Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 103. South Korea Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 104. South Korea Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 105. South Korea Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 106. Indonesia Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 107. Indonesia Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 108. Indonesia Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 109. Indonesia Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 110. Philippines Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 111. Philippines Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 112. Philippines Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 113. Philippines Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 114. Middle East & Africa Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 115. Middle East & Africa Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 116. Middle East & Africa Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 117. Middle East & Africa Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 118. Middle East & Africa Drilling Tools Market Share (%), By Country, 2017-2031F
  • Figure 119. Saudi Arabia Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 120. Saudi Arabia Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 121. Saudi Arabia Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 122. Saudi Arabia Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 123. UAE Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 124. UAE Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 125. UAE Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 126. UAE Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 127. South Africa Drilling Tools Market, By Value, In USD Billion, 2017-2031F
  • Figure 128. South Africa Drilling Tools Market, By Volume, in Million Units, 2017-2031F
  • Figure 129. South Africa Drilling Tools Market Share (%), By Type, 2017-2031F
  • Figure 130. South Africa Drilling Tools Market Share (%), By Location of Deployment, 2017-2031F
  • Figure 131. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 132. By Location of Deployment Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 133. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
目次
Product Code: MX10914

Global Drilling Tools market is projected to witness a CAGR of 5.65% during the forecast period 2024-2031, growing from USD 8.02 billion in 2023 to USD 12.45 billion in 2031. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years.

Drilling tools inculcate several benefits such as eradicating unwanted material from work, machine tool fabrication, metalworking, lower maintenance costs, etc. Moreover, these tools are highly efficient while drilling holes as the prevalent magnetic base ensures its stability as well as the adequate positions required for drilling the holes properly. The market is augmented by pivotal factors like rapid technological advancements, increasing energy demand, adoption of new drilling systems, and the exploration of unconventional resources like shale gas extraction techniques, which require specialized drilling tools.

The expansion of infrastructure development projects, the need for efficient drilling operations, and the increasing demand for mining, construction, and quarrying applications contribute to adopting new drilling systems worldwide. Additionally, the rising number of exploration and operations in both offshore and onshore oil and gas fields, along with the need for high-efficiency drilling tools, are further fueling the demand for advanced drilling systems. Furthermore, the adoption of emerging technologies, such as wired drill pipes, is enhancing the efficiency and productivity of drilling operations, thereby driving the global shift towards new drilling systems.

For instance, in March 2023, Hydropower Systems announced that the HV212 EOD Hydrovessel drilling system was adopted by local mines to improve drilling efficiency and productivity. The system uses pressurized water to transfer energy to mining equipment in a short reticulation system, thereby enabling mines to transition from using conventional compressed air, which decreases crew efficiencies. Moreover, the organization also stated that the HV212 EOD has won the MEMSA innovation awards for improving productivity, with a special mention of data integration. The HPS hydro vessel drilling system is making mines more profitable by enhancing drilling efficiency and productivity.

Drill Pipes are Accelerating the Market Growth

The drill pipes are spearheading the market growth extensively as they streamline direction control as well as reduce the connection fatigue which is a common issue that arises during horizontal drilling. Apart from this, they offer numerous benefits, including increased efficiency, improved productivity, and real-time data analytics. Furthermore, the increasing need for advanced drilling solutions in emerging markets is also facilitating the market growth extensively.

For example, in March 2023, Reelwell signed an agreement with Equinor, worth USD 9.48 million, to supply DualLink Powered and Wired drill pipe for the company's operations, including the Oseberg Field in the North Sea. This agreement, initially spanning five years with an optional extension, aims to leverage the DualLink technology to enhance drilling efficiency, improve well placement, and advance drilling automation efforts. The DualLink system, which transforms standard drill pipes into a wired network, is expected to bring about substantial efficiency gains, cost reductions, and accelerate remote operations, thereby enabling next-generation downhole application.

The Prevalence of Drill Collars is Significantly Augmenting the Market

The drill collars are augmenting the market growth at an extensive rate as they provide weight on the bit for drilling, thereby enabling accurate control of the amount of force applied to the bit. Drill collars are a crucial component of the drill string, and their weight provides the downward force needed for the bits to penetrate the rock adequately.

For instance, in September 2023, Oceaneering International, Inc. secured a five-year contract worth USD 75 million from Petrobras for the operation of three existing drill pipe riser (DPR) systems, with the potential to add a fourth system. The contract includes the provision of services utilizing the DPR systems, installation workover control systems, project management, engineering, and support services. Oceaneering also stated that it would work on the replacement umbilical for the DPR systems at its facility in Niteroi, Brazil, with field operations anticipated to commence upon the expiration of the current contract.

Government Initiatives Acting as Catalyst

Government initiatives play a significant role in advancing drilling tools through applied technology projects. These collaborations between government, academia, and industry have led to the development of improved tools and techniques for drilling, integrating emerging technologies with accepted tools to offer unique value. Additionally, government-funded R&D programs, rapid technological advancements in the Asia-Pacific region have contributed to the creation of additional tools and useful pairings, thereby driving the growth of the market.

For example, in August 2023, Indian government owned Northern Coalfields Limited (NCL) commissioned a large 311 mm hole-size drilling machine at Nigahi OCP, which is from the largest category of drills in NCL. The drilling machine is used to bore holes for blasting in mines, and the commissioning of this machine is expected to significantly improve the drilling efficacy and productivity of NCL's mining operations.

Onshore and Offshore Drilling is Facilitating the Market Growth

The onshore and offshore drilling activities are accelerating the growth of drilling tools due to several factors. The increasing demand for oil and gas, advancements in drilling technologies, and the exploration of unconventional resources such as shale gas extraction techniques are driving the growth of the drilling tools market. Moreover, the growth of the market is further influenced by the adoption of emerging technologies, such as wired drill pipes, which enhances the efficiency and productivity of drilling operations.

For example, in August 2023, Arabian Drilling Company secured contract extensions worth USD 800 million from Aramco for several onshore and one offshore rig contracts, with durations ranging from three to 10 years. The extensions represented a significant addition to the company's revenue. Additionally, the contracts provided good visibility and an opportunity to demonstrate outstanding performance, thereby supporting the company's positive market outlook and growth strategies.

North America Significantly Led the Market

North America significantly led the drilling tools market and is expected to continue as the market leader due to various factors. The region has witnessed a rise in exploration and development activities, an increasing rig count, and growing unconventional field development activities. Additionally, the integration of digital technologies in drilling processes, the increasing demand for drilling tools in onshore and offshore drilling operations, and the presence of key market players investing heavily in R&D have further contributed to North America's prominent position in the drilling tools market.

For example, in February 2023, EMUGE-FRANKEN USA, a leading manufacturer of high-performance drills, introduced PunchDrill, a totally new drill design that offered high feed drilling, which doubled the feed rate compared to standard drills without increasing the axial force or spindle speed. PunchDrill reduced machining forces and optimized chip-breaking, producing cycle time savings of 50% or more. Further, EMUGE PunchDrill resulted in shorter machining times, fewer tool changes, and high metal removal rates, in addition to higher productivity and reduced power consumption.

Future Market Scenario (2024 - 2031F)

Increasing demand for drilling tools in onshore and offshore drilling operations is anticipated to cater to extensive opportunities for market expedition in future.

Key market players are investing a hefty sum of money in R&D to expand their product offerings and market presence, which in turn, is expected to facilitate market growth over the upcoming years.

Strategic activities such as new product launches, contractual agreements, mergers, and acquisitions will also drive the market growth over the years to come.

Growing shale gas production and energy reforms fuelling regional drilling activities as well as expansion of the drilling tools market in emerging economies of South America, Asia-Pacific, and North America are expected to lead to a substantial growth in the future.

Key Players Landscape and Outlook

Key participants in the Drilling Tools market include: Schlumberger Limited, X Drilling Tools, Cougar Drilling Solutions, KBL, Redback Drilling Tools, and Shell PLC. These companies have been investing heavily in the development of advanced drilling tools, which has contributed to the market's growth prospects. Additionally, these market players have been employing competitive strategies such as mergers, acquisitions, and agreements to strengthen their market position.

In December 2023, Shell geared up for a drilling campaign in the Gulf of Mexico to enhance its hydrocarbon resources. The company had made a Final Investment Decision (FID) to conduct a phased campaign in the Great White field, with the expectation of delivering three wells. These wells are projected to collectively produce up to 22,000 barrels of oil equivalent per day (boe/d) after the campaign's completion in April 2025. This investment highlighted Shell's long-term commitment to the US Gulf of Mexico and its position as a leading operator in the region.

In June 2023, Weatherford International was awarded a three-year drilling services contract from Saudi Aramco. The contract involved the deployment of Weatherford's Drilling Services portfolio, which included a suite of technology aimed at maximizing efficiency in any environment. This award added value to Aramco's drilling operations by reducing risks and optimizing production.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Factors Considered in Purchase Decisions
    • 4.2.1. Price
    • 4.2.2. Efficiency
    • 4.2.3. Durability
    • 4.2.4. Design
    • 4.2.5. Reliability
    • 4.2.6. Lifespan
    • 4.2.7. Lead Time
    • 4.2.8. After Sales Support

5. Global Drilling Tools Market Outlook, 2017-2031F

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
    • 5.1.2. By Volume
  • 5.2. By Type
    • 5.2.1. Drill Bit
    • 5.2.2. Drill Collar
    • 5.2.3. Drill Pipe
    • 5.2.4. Drill Reamer and Stabilizer
    • 5.2.5. Drill Swivel
    • 5.2.6. Others
  • 5.3. By Location of Deployment
    • 5.3.1. Onshore
    • 5.3.2. Offshore
  • 5.4. By Region
    • 5.4.1. North America
    • 5.4.2. Europe
    • 5.4.3. Asia-Pacific
    • 5.4.4. South America
    • 5.4.5. Middle East and Africa
  • 5.5. By Company Market Share (%), 2023

6. Global Drilling Tools Market Outlook, By Region, 2017-2031F

  • 6.1. North America*
    • 6.1.1. Market Size & Forecast
      • 6.1.1.1. By Value
      • 6.1.1.2. By Volume
    • 6.1.2. By Type
      • 6.1.2.1. Drill Bit
      • 6.1.2.2. Drill Collar
      • 6.1.2.3. Drill Pipe
      • 6.1.2.4. Drill Reamer and Stabilizer
      • 6.1.2.5. Drill Swivel
      • 6.1.2.6. Others
    • 6.1.3. By Location of Deployment
      • 6.1.3.1. Onshore
      • 6.1.3.2. Offshore
    • 6.1.4. United States*
      • 6.1.4.1. Market Size & Forecast
      • 6.1.4.1.1. By Value
      • 6.1.4.1.2. By Volume
      • 6.1.4.2. By Type
      • 6.1.4.2.1. Drill Bit
      • 6.1.4.2.2. Drill Collar
      • 6.1.4.2.3. Drill Pipe
      • 6.1.4.2.4. Drill Reamer and Stabilizer
      • 6.1.4.2.5. Drill Swivel
      • 6.1.4.2.6. Others
      • 6.1.4.3. By Location of Deployment
      • 6.1.4.3.1. Onshore
      • 6.1.4.3.2. Offshore
    • 6.1.5. Canada
    • 6.1.6. Mexico

All segments will be provided for all regions and countries covered:

  • 6.2. Europe
    • 6.2.1. Germany
    • 6.2.2. France
    • 6.2.3. Italy
    • 6.2.4. United Kingdom
    • 6.2.5. Russia
    • 6.2.6. Netherlands
    • 6.2.7. Spain
    • 6.2.8. Turkey
    • 6.2.9. Poland
  • 6.3. Asia-Pacific
    • 6.3.1. India
    • 6.3.2. China
    • 6.3.3. Japan
    • 6.3.4. Australia
    • 6.3.5. Vietnam
    • 6.3.6. South Korea
    • 6.3.7. Indonesia
    • 6.3.8. Philippines
  • 6.4. South America
    • 6.4.1. Brazil
    • 6.4.2. Argentina
  • 6.5. Middle East & Africa
    • 6.5.1. Saudi Arabia
    • 6.5.2. UAE
    • 6.5.3. South Africa

7. Market Mapping, 2023

  • 7.1. By Type
  • 7.2. By Location of Deployment
  • 7.3. By Region

8. Macro Environment and Industry Structure

  • 8.1. Demand Supply Analysis
  • 8.2. Import Export Analysis
  • 8.3. Value Chain Analysis
  • 8.4. PESTEL Analysis
    • 8.4.1. Political Factors
    • 8.4.2. Economic System
    • 8.4.3. Social Implications
    • 8.4.4. Technological Advancements
    • 8.4.5. Environmental Impacts
    • 8.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
  • 8.5. Porter's Five Forces Analysis
    • 8.5.1. Supplier Power
    • 8.5.2. Buyer Power
    • 8.5.3. Substitution Threat
    • 8.5.4. Threat from New Entrant
    • 8.5.5. Competitive Rivalry

9. Market Dynamics

  • 9.1. Growth Drivers
  • 9.2. Growth Inhibitors (Challenges and Restraints)

10. Key Players Landscape

  • 10.1. Competition Matrix of Top Five Market Leaders
  • 10.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
  • 10.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
  • 10.4. SWOT Analysis (For Five Market Players)
  • 10.5. Patent Analysis (If Applicable)

11. Case Studies

12. Key Players Outlook

  • 12.1. Schlumberger Limited.
    • 12.1.1. Company Details
    • 12.1.2. Key Management Personnel
    • 12.1.3. Products & Services
    • 12.1.4. Financials (As reported)
    • 12.1.5. Key Market Focus & Geographical Presence
    • 12.1.6. Recent Developments
  • 12.2. United Drilling Tools Ltd
  • 12.3. BICO Drilling Products
  • 12.4. Cougar Drilling Solutions
  • 12.5. X Drilling Tools
  • 12.6. Redback Drilling Tools
  • 12.7. Shell PLC
  • 12.8. Weatherford International
  • 12.9. Baker Hughes Company
  • 12.10. Texas Steel Conversion Inc.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

13. Strategic Recommendations

14. About Us & Disclaimer