Middle East & Africa Pdc Drill Bit Market Size & Outlook
The pdc drill bit market in Middle East & Africa is expected to reach a projected revenue of US$ 1,444.5 million by 2030. A compound annual growth rate of 4.5% is expected of Middle East & Africa pdc drill bit market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,061.4
Forecast, 2030 (US$M)
$1,444.5
CAGR, 2024 - 2030
4.5%
Report Coverage
Middle East & Africa
Middle East & Africa pdc drill bit market, 2018-2030 (US$M)
MEA pdc drill bit market highlights
- The MEA pdc drill bit market generated a revenue of USD 1,061.4 million in 2023.
- The market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, matrix body was the largest revenue generating product in 2023.
- Matrix Body is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,061.4 million |
| Market revenue in 2030 | USD 1,444.5 million |
| Growth rate | 4.5% (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, MEA region accounted for 33.9% of the global pdc drill bit market in 2023.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 673.3 million by 2030.
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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 |
|---|
Middle East & Africa pdc drill bit market
Related regional statistics
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