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Downhole Tools Market By Product (Drilling, Handling, and Flow & pressure control) and By Application (Well drilling, Well intervention, Production & well completion): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026

  • Publish On: Mar-2020
  • Total Pages: 179
  • Report Code: FAF-719
  • Base Year: 2019
  • Format:

Industry Insights

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Downhole Tools industry. The report analyzes and declares the historical and current trends analysis of the Downhole Tools industry and subsequently recommends the projected trends anticipated to be observed in the Downhole Tools market during the upcoming years.

The Downhole Tools market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entireDownhole Tools market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Billion) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Downhole Tools industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Downhole Tools industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Downhole Tools market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Downhole Tools industry. The Downhole Tools market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Downhole Tools sector. Key strategic developments in the Downhole Tools market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Downhole Tools market are appropriately highlighted in the report.

Due to ongoing discoveries in the oil and gas industry, coupled with an increasing number of mature areas, the downhole tool market is expected to reach a high level over the forecast period. Multinationals and well-established firms are also expected to compete strongly on the market.

The increase in shale and other resource exploration, particularly in the North American region, followed by Asia-Pacific and South & Central America, also contributed to the growth of the market. However, fluctuating oil prices may negatively affect the growth of the downhole tool market over the forecast period.

The Downhole Tools market research report delivers an acute valuation and taxonomy of the Downhole Tools industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Downhole Tools industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Downhole Tools industry is provided for the leading economies of the world.

The Downhole Tools market is segmented based on product and application.  On the basis of type segmentation, the market is classified into Drilling, Handling, and Flow & pressure control. In terms of Application segmentation, the market is bifurcated into Well drilling, Well intervention, and Production & well completion.

Some of the essential players operating in the Downhole Tools market, but not restricted to include Antelope Oil Tool, American Block Manufacturing Co., Archer, Cameron, Buckman Jet Drilling Inc, Canary USA, Enventure Global Technology, Downhole Oil Tools, Inc., DoubleBarrel Downhole Technology, Drill King International, and others.

The taxonomy of the Downhole Tools Market by its scope and segmentation is as follows:

Global Downhole Tools Market: By Product Segmentation Analysis(Customizable)

  • Drilling
  • Handling
  • Flow & pressure control

Global Downhole Tools Market: By Application Segmentation Analysis(Customizable)

  • Well drilling
  • Well intervention
  • Production & well completion

Global Downhole Tools Market: Regional Segmentation Analysis(Customizable)

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

KEY REPORT POINTERS & HIGHLIGHTS:

  • Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
  • Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
  • Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable  Segments and Sub-segments of the Market
  • Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
  • Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
  • Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
  • Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
  • Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
  • Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
  • Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
  • Technological Roadmap, Patents Analysis, Potential Substitutes, and Technical Analysis
  • The professionally substantiated market research report study is calculated, constructed, and assembled by implementing a Robust Research Methodology. The Triangular Process comprises abuoyant mix of Exhaustive Primary Research (focused interviews, questionnaires, and ad-hoc surveys) and Extended Secondary Research (paid external databases, proprietary in-house database, and publically-available validated sources), where it is finally triangulated and validated through in-house industry experts, industry leaders, and independent consultants through a tri-level quality check practice.

Table of Content

  1. CHAPTER 1. Executive Summary
  2. CHAPTER 2. Downhole Tools market – Product Analysis
    1. 2.1. Global Downhole Tools Market – Product Overview
    2. 2.2. Global Downhole Tools Market Share, by Product, 2019&2026 (USD Billion)
    3. 2.3. Drilling
      1. 2.3.1. Global Drilling Downhole Tools Market, 2016-2026 (USD Billion)
    4. 2.4. Handling
      1. 2.4.1. Global Handling Downhole Tools Market, 2016-2026 (USD Billion)
    5. 2.5. Flow & pressure control
      1. 2.5.1. Global Flow & pressure control Downhole Tools Market, 2016-2026 (USD Billion)
  3. CHAPTER 3. Downhole Tools market – Application Analysis
    1. 3.1. Global Downhole Tools Market – Application Overview
    2. 3.2. Global Downhole Tools Market Share, by Application, 2019&2026 (USD Billion)
    3. 3.3. Well drilling
      1. 3.3.1. Global Well drilling Downhole Tools Market, 2016-2026 (USD Billion)
    4. 3.4. Well intervention
      1. 3.4.1. Global Well intervention Downhole Tools Market, 2016-2026 (USD Billion)
    5. 3.5. Production & well completion
      1. 3.5.1. Global Production & well completion Downhole Tools Market, 2016-2026 (USD Billion)
  4. CHAPTER 4. Downhole Tools market – Regional Analysis
    1. 4.1. Global Downhole Tools Market Regional Overview
    2. 4.2. Global Downhole Tools Market Share, by Region, 2019&2026 (Value)
    3. 4.3. North America
      1. 4.3.1. North America Downhole Tools Market size and forecast, 2016-2026
      2. 4.3.2. North America Downhole Tools Market, by Country, 2019&2026 (USD Billion)
      3. 4.3.3. North America Downhole Tools Market, by Product, 2016-2026
        1. 4.3.3.1. North America Downhole Tools Market, by Product, 2016-2026 (USD Billion)
      4. 4.3.4. North America Downhole Tools Market, by Application, 2016-2026
        1. 4.3.4.1. North America Downhole Tools Market, by Application, 2016-2026 (USD Billion)
      5. 4.3.5. U.S.
        1. 4.3.5.1. U.S. Market size and forecast, 2016-2026 (USD Billion)
      6. 4.3.6. Canada
        1. 4.3.6.1. Canada Market size and forecast, 2016-2026 (USD Billion)
    4. 4.4. Europe
      1. 4.4.1. Europe Downhole Tools Market size and forecast, 2016-2026
      2. 4.4.2. Europe Downhole Tools Market, by Country, 2019&2026 (USD Billion)
      3. 4.4.3. Europe Downhole Tools Market, by Product, 2016-2026
        1. 4.4.3.1. Europe Downhole Tools Market, by Product, 2016-2026 (USD Billion)
      4. 4.4.4. Europe Downhole Tools Market, by Application, 2016-2026
        1. 4.4.4.1. Europe Downhole Tools Market, by Application, 2016-2026 (USD Billion)
      5. 4.4.5. Germany
        1. 4.4.5.1. Germany Market size and forecast, 2016-2026 (USD Billion)
      6. 4.4.6. France
        1. 4.4.6.1. France Market size and forecast, 2016-2026 (USD Billion)
      7. 4.4.7. U.K.
        1. 4.4.7.1. U.K. Market size and forecast, 2016-2026 (USD Billion)
      8. 4.4.8. Italy
        1. 4.4.8.1. Italy Market size and forecast, 2016-2026 (USD Billion)
      9. 4.4.9. Spain
        1. 4.4.9.1. Spain Market size and forecast, 2016-2026 (USD Billion)
      10. 4.4.10. Rest of Europe
        1. 4.4.10.1. Rest of Europe Market size and forecast, 2016-2026 (USD Billion)
    5. 4.5. Asia Pacific
      1. 4.5.1. Asia Pacific Downhole Tools Market size and forecast, 2016-2026
      2. 4.5.2. Asia Pacific Downhole Tools Market, by Country, 2019&2026 (USD Billion)
      3. 4.5.3. Asia Pacific Downhole Tools Market, by Product, 2016-2026
        1. 4.5.3.1. Asia Pacific Downhole Tools Market, by Product, 2016-2026 (USD Billion)
      4. 4.5.4. Asia Pacific Downhole Tools Market, by Application, 2016-2026
        1. 4.5.4.1. Asia Pacific Downhole Tools Market, by Application, 2016-2026 (USD Billion)
      5. 4.5.5. China
        1. 4.5.5.1. China Market size and forecast, 2016-2026 (USD Billion)
      6. 4.5.6. Japan
        1. 4.5.6.1. Japan Market size and forecast, 2016-2026 (USD Billion)
      7. 4.5.7. India
        1. 4.5.7.1. India Market size and forecast, 2016-2026 (USD Billion)
      8. 4.5.8. South Korea
        1. 4.5.8.1. South Korea Market size and forecast, 2016-2026 (USD Billion)
      9. 4.5.9. South-East Asia
        1. 4.5.9.1. South-East Asia Market size and forecast, 2016-2026 (USD Billion)
      10. 4.5.10. Rest of Asia Pacific
        1. 4.5.10.1. Rest of Asia Pacific Market size and forecast, 2016-2026 (USD Billion)
    6. 4.6. Latin America
      1. 4.6.1. Latin America Downhole Tools Market size and forecast, 2016-2026
      2. 4.6.2. Latin America Downhole Tools Market, by Country, 2019&2026 (USD Billion)
      3. 4.6.3. Latin America Downhole Tools Market, by Product, 2016-2026
        1. 4.6.3.1. Latin America Downhole Tools Market, by Product, 2016-2026 (USD Billion)
      4. 4.6.4. Latin America Downhole Tools Market, by Application, 2016-2026
        1. 4.6.4.1. Latin America Downhole Tools Market, by Application, 2016-2026 (USD Billion)
      5. 4.6.5. Brazil
        1. 4.6.5.1. Brazil Market size and forecast, 2016-2026 (USD Billion)
      6. 4.6.6. Mexico
        1. 4.6.6.1. Mexico Market size and forecast, 2016-2026 (USD Billion)
      7. 4.6.7. Rest of Latin America
        1. 4.6.7.1. Rest of Latin America Market size and forecast, 2016-2026 (USD Billion)
    7. 4.7. The Middle-East and Africa
      1. 4.7.1. The Middle-East and Africa Downhole Tools Market size and forecast, 2016-2026
      2. 4.7.2. The Middle-East and Africa Downhole Tools Market, by Country, 2019&2026 (USD Billion)
      3. 4.7.3. The Middle-East and Africa Downhole Tools Market, by Product, 2016-2026
        1. 4.7.3.1. The Middle-East and Africa Downhole Tools Market, by Product, 2016-2026 (USD Billion)
      4. 4.7.4. The Middle-East and Africa Downhole Tools Market, by Application, 2016-2026
        1. 4.7.4.1. The Middle-East and Africa Downhole Tools Market, by Application, 2016-2026 (USD Billion)
      5. 4.7.5. GCC Countries
        1. 4.7.5.1. GCC Countries Market size and forecast, 2016-2026 (USD Billion)
      6. 4.7.6. South Africa
        1. 4.7.6.1. South Africa Market size and forecast, 2016-2026 (USD Billion)
      7. 4.7.7. Rest of Middle-East Africa
        1. 4.7.7.1. Rest of Middle-East Africa Market size and forecast, 2016-2026 (USD Billion)
  5. CHAPTER 5. Downhole Tools market – Competitive Landscape
    1. 5.1. Competitor Market Share – Revenue
    2. 5.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    3. 5.3. Strategic Development
      1. 5.3.1. Acquisitions and Mergers
      2. 5.3.2. New Products
      3. 5.3.3. Research & Development Activities
  6. CHAPTER 6. Company Profiles
    1. 6.1. Antelope Oil Tool
      1. 6.1.1. Company Overview
      2. 6.1.2. Antelope Oil Tool Revenue and Gross Margin
      3. 6.1.3. Product portfolio
      4. 6.1.4. Recent initiatives
    2. 6.2. American Block Manufacturing Co.
      1. 6.2.1. Company Overview
      2. 6.2.2. American Block Manufacturing Co. Revenue and Gross Margin
      3. 6.2.3. Product portfolio
      4. 6.2.4. Recent initiatives
    3. 6.3. Archer
      1. 6.3.1. Company Overview
      2. 6.3.2. Archer Revenue and Gross Margin
      3. 6.3.3. Product portfolio
      4. 6.3.4. Recent initiatives
    4. 6.4. Cameron
      1. 6.4.1. Company Overview
      2. 6.4.2. Cameron Revenue and Gross Margin
      3. 6.4.3. Product portfolio
      4. 6.4.4. Recent initiatives
    5. 6.5. Buckman Jet Drilling Inc
      1. 6.5.1. Company Overview
      2. 6.5.2. Buckman Jet Drilling Inc Revenue and Gross Margin
      3. 6.5.3. Product portfolio
      4. 6.5.4. Recent initiatives
    6. 6.6. Canary USA
      1. 6.6.1. Company Overview
      2. 6.6.2. Canary USA Revenue and Gross Margin
      3. 6.6.3. Product portfolio
      4. 6.6.4. Recent initiatives
    7. 6.7. Enventure Global Technology
      1. 6.7.1. Company Overview
      2. 6.7.2. Enventure Global Technology Revenue and Gross Margin
      3. 6.7.3. Product portfolio
      4. 6.7.4. Recent initiatives
    8. 6.8. Downhole Oil Tools, Inc.
      1. 6.8.1. Company Overview
      2. 6.8.2. Downhole Oil Tools, Inc. Revenue and Gross Margin
      3. 6.8.3. Product portfolio
      4. 6.8.4. Recent initiatives
    9. 6.9. DoubleBarrel Downhole Technology
      1. 6.9.1. Company Overview
      2. 6.9.2. DoubleBarrel Downhole Technology Revenue and Gross Margin
      3. 6.9.3. Product portfolio
      4. 6.9.4. Recent initiatives
    10. 6.10. Drill King International
      1. 6.10.1. Company Overview
      2. 6.10.2. Drill King International Revenue and Gross Margin
      3. 6.10.3. Product portfolio
      4. 6.10.4. Recent initiatives
  7. CHAPTER 7. Downhole Tools — Industry Analysis
    1. 7.1. Downhole Tools Market – Key Trends
      1. 7.1.1. Market Drivers
      2. 7.1.2. Market Restraints
      3. 7.1.3. Market Opportunities
    2. 7.2. Value Chain Analysis
    3. 7.3. Technology Roadmap and Timeline
    4. 7.4. Downhole Tools Market – Attractiveness Analysis
      1. 7.4.1. By Product
      2. 7.4.2. By Application
      3. 7.4.3. By Region
  8. CHAPTER 8. Marketing Strategy Analysis, Distributors
    1. 8.1. Marketing Channel
    2. 8.2. Direct Marketing
    3. 8.3. Indirect Marketing
    4. 8.4. Marketing Channel Development Trend
    5. 8.5. Economic/Political Environmental Change
  9. CHAPTER 9. Report Conclusion
  10. CHAPTER 10. Research Approach & Methodology
    1. 10.1. Report Description
    2. 10.2. Research Scope
    3. 10.3. Research Methodology
      1. 10.3.1. Secondary Research
      2. 10.3.2. Primary Research
      3. 10.3.3. Models
        1. 10.3.3.1. Company Share Analysis Model
        2. 10.3.3.2. Revenue Based Modeling
        3. 10.3.3.3. Research Limitations

        List of Figures

        FIG. 1 Global Downhole Tools Market, 2016-2026 (USD Billion)
        FIG. 2 Global Downhole Tools Market Share, by Product, 2019&2026 (USD Billion)
        FIG. 3 Global Drilling Downhole Tools Market, 2016-2026 (USD Billion)
        FIG. 4 Global Handling Downhole Tools Market, 2016-2026 (USD Billion)
        FIG. 5 Global Flow & pressure control Downhole Tools Market, 2016-2026 (USD Billion)
        FIG. 6 Global Downhole Tools Market Share, by Application, 2019&2026 (USD Billion)
        FIG. 7 Global Well drilling Downhole Tools Market, 2016-2026 (USD Billion)
        FIG. 8 Global Well intervention Downhole Tools Market, 2016-2026 (USD Billion)
        FIG. 9 Global  Production & well completion Downhole Tools Market, 2016-2026 (USD Billion)
        FIG. 10 Global Downhole Tools Market Share, by Region, 2019&2026
        FIG. 11 North America Downhole Tools Market, 2016-2026
        FIG. 12 U.S. Downhole Tools Market, 2016-2026
        FIG. 13 Canada Downhole Tools Market, 2016-2026
        FIG. 14 Europe Downhole Tools Market, 2016-2026
        FIG. 15 Germany Downhole Tools Market, 2016-2026
        FIG. 16 France Downhole Tools Market, 2016-2026
        FIG. 17 U.K. Downhole Tools Market, 2016-2026
        FIG. 18 Italy Downhole Tools Market, 2016-2026
        FIG. 19 Spain Downhole Tools Market, 2016-2026
        FIG. 20 Rest of Europe Downhole Tools Market, 2016-2026
        FIG. 21 Asia Pacific Downhole Tools Market, 2016-2026
        FIG. 22 China Downhole Tools Market, 2016-2026
        FIG. 23 Japan Downhole Tools Market, 2016-2026
        FIG. 24 India Downhole Tools Market, 2016-2026
        FIG. 25 South  Korea Downhole Tools Market, 2016-2026
        FIG. 26 South-East Asia Downhole Tools Market, 2016-2026
        FIG. 27 Rest of Asia Pacific Downhole Tools Market, 2016-2026
        FIG. 28 Latin America Downhole Tools Market, 2016-2026
        FIG. 29 Brazil Downhole Tools Market, 2016-2026
        FIG. 30 Mexico Downhole Tools Market, 2016-2026
        FIG. 31 Rest of Latin America Downhole Tools Market, 2016-2026
        FIG. 32 The Middle-East and Africa Downhole Tools Market, 2016-2026
        FIG. 33 GCC Countries Downhole Tools Market, 2016-2026
        FIG. 34 South Africa Downhole Tools Market, 2016-2026
        FIG. 35 Rest of Middle-East Africa Downhole Tools Market, 2016-2026
        FIG. 36 Competitor Market Share – Revenue
        FIG. 37 Antelope Oil Tool Revenue and Growth Rate
        FIG. 38 Antelope Oil Tool Market Share
        FIG. 39 American Block Manufacturing Co. Revenue and Growth Rate
        FIG. 40 American Block Manufacturing Co. Market Share
        FIG. 41 Archer Revenue and Growth Rate
        FIG. 42 Archer Market Share
        FIG. 43 Cameron Revenue and Growth Rate
        FIG. 44 Cameron Market Share
        FIG. 45 Buckman Jet Drilling Inc Revenue and Growth Rate
        FIG. 46 Buckman Jet Drilling Inc Market Share
        FIG. 47 Canary USA Revenue and Growth Rate
        FIG. 48 Canary USA Market Share
        FIG. 49 Enventure Global Technology Revenue and Growth Rate
        FIG. 50 Enventure Global Technology Market Share
        FIG. 51 Downhole Oil Tools, Inc. Revenue and Growth Rate
        FIG. 52 Downhole Oil Tools, Inc. Market Share
        FIG. 53 DoubleBarrel Downhole Technology Revenue and Growth Rate
        FIG. 54 DoubleBarrel Downhole Technology Market Share
        FIG. 55 Drill King International Revenue and Growth Rate
        FIG. 56 Drill King International Market Share
        FIG. 57 Market Dynamics
        FIG. 58 Global Downhole Tools – Value Chain Analysis
        FIG. 59 Technology Roadmap and Timeline
        FIG. 60 Market Attractiveness Analysis – By Product
        FIG. 61 Market Attractiveness Analysis – By Application
        FIG. 62 Market Attractiveness Analysis – By Region
        FIG. 63 Market Channel
        FIG. 64 Marketing Channel Development Trend
        FIG. 65 Growth in World Gross Product, 2008-2019

        List of Tables

        TABLE 1 Global Downhole Tools Market, 2019&2026 (USD Billion)
        TABLE 2 Global Downhole Tools market, by Product, 2016-2026 (USD Billion)
        TABLE 3 Global Downhole Tools market, by Application, 2016-2026 (USD Billion)
        TABLE 4 Global Downhole Tools market, by Region, 2016-2026 (USD Billion)
        TABLE 5 North America Downhole Tools Market, by Product, 2016-2026 (USD Billion)
        TABLE 6 North America Downhole Tools Market, by Application, 2016-2026 (USD Billion)
        TABLE 7 Europe Downhole Tools Market, by Product, 2016-2026 (USD Billion)
        TABLE 8 Europe Downhole Tools Market, by Application, 2016-2026 (USD Billion)
        TABLE 9 Asia Pacific Downhole Tools Market, by Product, 2016-2026 (USD Billion)
        TABLE 10 Asia Pacific Downhole Tools Market, by Application, 2016-2026 (USD Billion)
        TABLE 11 Latin America Downhole Tools Market, by Product, 2016-2026 (USD Billion)
        TABLE 12 Latin America Downhole Tools Market, by Application, 2016-2026 (USD Billion)
        TABLE 13 The Middle-East and Africa Downhole Tools Market, by Product, 2016-2026 (USD Billion)
        TABLE 14 The Middle-East and Africa Downhole Tools Market, by Application, 2016-2026 (USD Billion)
        TABLE 15 Global Downhole Tools Market - Company Revenue Analysis 2016-2019 (USD Billion)
        TABLE 16 Global Downhole Tools Market - Company Revenue Share Analysis 2016-2019(%)
        TABLE 17 Acquisitions and Mergers
        TABLE 18 New Product/Service Launch
        TABLE 19 Research & Development Activities
        TABLE 20 Market Drivers
        TABLE 21 Market Restraints
        TABLE 22 Market Opportunities

Key Insights from Primary Research

  • As per our primary respondents, the downhole Tools market is set to grow annually at a rate of around 8%.
  • It was established through primary research that the Downhole Tools market was valued at around USD 3.2 billion in 2019.
  • After secondary research, we performed face to face interviews to validate our data. The insights interviewee’s declared that drilling is the most used type for the global Downhole Tools market.
  • On the basis of the type, drilling dominated the global Downhole Tools market in 2019. It accounted for around 54% share of the total market in 2019.
  • The good drilling segment, on the basis of application segmentation, was the leading revenue-generating category accounting for around 43% share, in 2019.

Key Recommendations from Analysts

  • Based on the exhaustive secondary research done by our team, the Mobile Tankers type is anticipated to become the most demanding type in the upcoming years, owing to the growing demand for Downhole Tools from the water and oil & gas industry for various end-use applications.
  • As per our analysts, North America recorded the highest market share of more than 37% by 2026, and the market is expected to bolster in this region, resulting in creating lucrative opportunities for new players.
  • Growing at a CAGR around 8%, the Downhole Tools market provides numerous opportunities for all of the involved stakeholders across the entire value chain.
  • Our analysts have identified drilling and well-drilling categories as the leading investment pockets for the Downhole Tools market in terms of product and application segmentation respectively.
  • Our analysts recommend the emerging players to focus on good drilling owing to the substantial growth of the water, oil & gas industry, especially in North-American and Middle-eastern regions.

Market Attractiveness – By Product

Downhole Tools Market

Industry Major Market Players

  •  Antelope Oil Tool
  •  American Block Manufacturing Co.
  •  Archer
  •  Cameron
  •  Buckman Jet Drilling Inc
  •  Canary USA
  •  Enventure Global Technology
  •  Downhole Oil Tools  Inc.
  •  DoubleBarrel Downhole Technology
  •  Drill King International

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