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.
In 2019, the market size of Drill Bits is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 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 studies the global market size of Drill Bits, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Drill Bits production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
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
Market Segment by Product Type
Twist Drill Bits
Step Drill Bits
Brad Point Drill Bits
Countersink
Other Types
Market Segment by Application
Metal
Wood
Glass
Masonry
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Drill Bits status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Drill Bits manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies 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 are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Drill Bits. Industry analysis & Market Report on Drill Bits is a syndicated market report, published as Global (United States, European Union and China) Drill Bits Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Drill Bits market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.