Global Pdc Drill Bit Market Size & Outlook, 2023-2030
The pdc drill bit industry worldwide is expected to reach a projected revenue of US$ 4,205.2 million by 2030. A compound annual growth rate of 4.3% is expected of the worldwide pdc drill bit industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,128.3
Forecast, 2030 (US$M)
$4,205.2
CAGR, 2024 - 2030
4.3%
Report Coverage
Worldwide
Global pdc drill bit market, 2018-2030 (US$M)
Global pdc drill bit market highlights
- The global pdc drill bit market generated a revenue of USD 3,128.3 million in 2023 and is expected to reach USD 4,205.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.3% by 2030.
- In terms of segment, matrix body accounted for a revenue of USD 3,128.3 million in 2023.
- Matrix Body is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, MEA was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 3,128.3 million |
| Market revenue in 2030 | USD 4,205.2 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Matrix body |
| Fastest growing segment | Matrix Body |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Matrix Body |
Other key industry trends
- In terms of revenue, the North America accounted for 21.0% of the global pdc drill bit market in 2023.
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PDC Drill Bit Market Scope
Pdc drill bit market segmentation & scope
End Use
Onshore
Offshore
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
PDC Drill Bit Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global pdc drill bit market size, by regions, 2018-2030 (US$M)
Related regional statistics
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