The Global Drilling Tools Market size is expected to grow at an annual average of 3.3% during 2021-2027. Drilling tools and components form an integral part of oil and gas drilling activities. Increasing investment by enterprises to explore new oil and gas reservoirs has fueled the demand for oil and gas equipment. To meet the growing demand for energy, oil and gas companies are focusing their attention on deep and ultra-deep sea coastal areas. Augmented offshore drilling activity has intensified the demand for drilling equipment over the past few years. Moreover, the recent shale gas boom in the United States has further accelerated the demand for drilling tools and equipment.
A full report of Global Drilling Tools Market is available at: https://www.orionmarketreports.com/drilling-tools-market/46242/
The following Segmentation are covered in this report:
By Application:
- Onshore
- Offshore
By Tool type:
- Drill Bits
- Drill Collars
- Drilling Jars
- Drilling Motors
- Drilling Tubulars
- Drill Swivels
- Drill Reamers and Stabilizers
- Mechanical Thrusters
- Shock Tools
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