Oil Field Drill Bits Market - Top Companies and Manufacturers

Companies Dominating the Oil Field Drill Bits Landscape

Schlumberger
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

International Diamond Services
Baker Hughes Company
Atlas Copco AB
Tercel Oilfield Products Ltd
D-Drill (Master Drillers) Limited
Ulterra
NOV, Inc.
Halliburton Energy Services, Inc.
Varel Energy Solutions

Browse Key Market Insights with Data Illustration:

Oil Field Drill Bits Market Size & Share, Forecast Report 2037

In the News

At the Offshore Technology Conference, Schlumberger unveiled the IriSphere look-ahead-while-drilling service. The new service offers the first application of electromagnetic (EM) technology for locating formation features in oil and gas wells before the drill bit.
The Middle East and North Africa (MENA) and Asia regions' largest provider of integrated energy services, National Energy Services Reunited Corp., and Ulterra have announced their partnership. According to this deal, NESR would deploy and use Ulterra's PDC bits in a number of MENA and Asian nations.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of oil field drill bits is estimated at USD 17.79 billion.

The oil field drill bits market size was over USD 16.96 billion in 2024 and is projected to cross USD 36.49 billion by the end of 2037, witnessing more than 6.2% CAGR during the forecast period i.e., between 2025-2037. The market growth is impelled by the growing extraction of undiscovered oil, the rising adoption of vehicles, and reduce the price of oil.

North America industry is set to observe largest growth through 2037, backed by growing advancement in technology, along with a surge in hydrocarbon exploration activities in the region.

The major players in the market include Schlumberger, International Diamond Services, Baker Hughes Company, Atlas Copco AB, Tercel Oilfield Products Ltd, D-Drill (Master Drillers) Limited, Ulterra, NOV, Inc., Halliburton Energy Services, Inc., Varel Energy Solutions.

Oil Field Drill Bits Market - Top Companies and Manufacturers

Companies Dominating the Oil Field Drill Bits Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

What is the size of the oil field drill bits market?

Why is the oil field drill bits sector gaining traction in near future?

Which region accounted for the largest oil field drill bits industry share?

Who are the major oil field drill bits players?