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Downhole tools market

Downhole Tools Market by Type (Drilling Tools, Handling Tools, Contamination Control Tools, and Others) and by Application (Well Drilling, Well Intervention, Formulation and Evaluation, and Others) – Global Industry Share, Growth, Competitive Analysis and Forecast, 2019-2025

Published: Jul 2019 | Report Code: | Category : Building and Construction | Delivery Format: /
Downhole tools are referred to as oilfield equipment that is used during the well intervention, drilling, and completion, as it assists in optimizing production levels and maintaining the continuous flow from an oil reservoir. There is a range of downhole tools in well-line activities such as wireline tools and equipment, slickline tools and equipment, fishing tools, drilling jars, pushing tools, tubular tools, drill pipes, and centralizers, among others. There are various pivotal factors that are driving the growth of the market which include increase in oil rig count with an increase in awareness among consumers about the benefits associated with downhole tools such as cost minimization. Moreover, the development of new-generation automated drilling tools is anticipated to drive the market growth in near future.

The global downhole tools market is further analyzed on the basis of geographical regions, including North America, Europe, Asia-Pacific, and Rest of the World. North America contributed the largest share in the global downhole tools market in 2018. Increasing oilfield exploration with the presence of several companies offering oilfield services are some of the major factors that augment the market growth in North America, especially in the US. There are several advanced technologies being majorly adopted in the US, such as logging and radiology while drilling. Furthermore, Asia-Pacific is projected to exhibit the fastest growth in the global downhole tools market during the forecast period. The unconventional oil fields are majorly found in the countries of the Asia-Pacific such as India. For instance, in April 2018, Eni, a major oilfield exploration player has received a contract for building a gas field in Indonesia. This, in turn, is anticipated to propel the growth of the market in the region in the near future.

Some of the players operating in the global downhole tools market include Bilco Tools, Inc., General Electric Co., Halliburton Energy Services, Inc., Moog Inc., Weatherford International PLC, Schlumberger Ltd., and Ulterra Drilling Technologies L.P. The companies are focused on the development of innovative products for downhole tools market to stay competitive in the global market. Geographical expansion, merger and acquisition, partnerships, collaborations, finding a new market or innovate in their core competency in order to expand individual market share are some of the key strategies adopted by major market players. For instance, in April 2019, Trelleborg Group launched XploR FS-Seal and XploR S-Seal for high-pressure sealing environment, such as oil & gas downhole tool applications.

Research Methodology

The market study of the global downhole tools market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

  • Financial reports of companies involved in the market
  • Whitepapers, research-papers and news blogs
  • Company websites and their product catalog
The report is intended for downhole tool manufacturers, consulting firms in oil & gas sector, oil and gas field operators, offshore production and exploration associations, investment companies, government organizations, and other stakeholders for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

Global Downhole Tools Market Research and Analysis by Type
Global Downhole Tools Market Research and Analysis by Application

The Report Covers

  • Comprehensive research methodology of the global downhole tools market.
  • This report includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the global downhole tools market.
  • Insights about market determinants which are stimulating the global downhole tools market.
  • Detailed and extensive market segments with regional distribution of forecast revenues.
  • Extensive profiles and recent developments of market players.

1. Report Summary

1.1. Research Methods and Tools

1.2. Market Breakdown

1.2.1. By Segments

1.2.2. By Geography

1.2.3. By Stakeholders

2. Market Overview and Insights

2.1. Scope of the Report

2.2. Analyst Insight & Current Market Trends

2.2.1. Key Findings

2.2.2. Recommendations

2.2.3. Conclusion

2.3. Rules & Regulations

3. Competitive Landscape

3.1. Competitive Dashboard

3.2. Key Strategy Analysis

3.3. Key Company Analysis

3.3.1. Weatherford International PLC

3.3.1.1. Overview

3.3.1.2. Financial Analysis

3.3.1.3. SWOT Analysis

3.3.1.4. Recent Developments

3.3.2. Halliburton Energy Services, Inc.

3.3.2.1. Overview

3.3.2.2. Financial Analysis

3.3.2.3. SWOT Analysis

3.3.2.4. Recent Developments

3.3.3. Schlumberger Ltd.

3.3.3.1. Overview

3.3.3.2. Financial Analysis

3.3.3.3. SWOT Analysis

3.3.3.4. Recent Developments

3.3.4. Moog Inc.

3.3.4.1. Overview

3.3.4.2. Financial Analysis

3.3.4.3. SWOT Analysis

3.3.4.4. Recent Developments

4. Market Determinants

4.1. Motivators

4.2. Restraints

4.3. Opportunities

5. Market Segmentation

5.1. Global Downhole Tools Market by Type

5.1.1. Drilling Tools

5.1.2. Handling Tools

5.1.3. Contamination Control Tools

5.1.4. Others (Pressure and Flow Control Tools)

5.2. Global Downhole Tools Market by Application

5.2.1. Well Drilling

5.2.2. Well Intervention

5.2.3. Formulation and Evaluation

5.2.4. Others (Oil & Gas Production)

6. Regional Analysis

6.1. North America

6.1.1. United States

6.1.2. Canada

6.2. Europe

6.2.1. UK

6.2.2. Germany

6.2.3. Italy

6.2.4. Spain

6.2.5. France

6.2.6. Rest of Europe

6.3. Asia-Pacific

6.3.1. China

6.3.2. Japan

6.3.3. India

6.3.4. Rest of Asia-Pacific

6.4. Rest of the World

7. Company Profiles

7.1. Bilco Tools, Inc.

7.2. D&L Oil Tools

7.3. Drilling Tools International, Inc.

7.4. Dril-Quip, Inc.

7.5. Excalibre Downhole Tools Ltd.

7.6. Frontier Oil Tools LLC

7.7. General Electric Co.

7.8. Global Dynamics Inc.

7.9. Halliburton Energy Services, Inc.

7.10. Hunting PLC

7.11. KLX Energy Services Holdings, Inc.

7.12. Moog Inc.

7.13. Oil States International, Inc.

7.14. Rival Downhole Tools

7.15. Schlumberger Ltd.

7.16. Schoeller Bleckmann Oilfield Equipment AG

7.17. Stabiltec Downhole Tools LLC

7.18. TechWest Inc.

7.19. The Weir Group PLC

7.20. Trelleborg Group

7.21. Tryton Tool Services Ltd.

7.22. Ulterra Drilling Technologies L.P.

7.23. United Drilling Tools Ltd.

7.24. Varel International Energy Services, Inc.

7.25. Weatherford International PLC

1. GLOBAL DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

2. GLOBAL DRILLING TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

3. GLOBAL HANDLING TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

4. GLOBAL CONTAMINATION CONTROL TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

5. GLOBAL OTHER DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)

6. GLOBAL DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

7. GLOBAL DOWNHOLE TOOLS FOR WELL DRILLING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)

8. GLOBAL DOWNHOLE TOOLS FOR WELL INTERVENTION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)

9. GLOBAL DOWNHOLE TOOLS FOR FORMULATION AND EVALUATION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)

10. GLOBAL DOWNHOLE TOOLS FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)

11. GLOBAL DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)

12. NORTH AMERICAN DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

13. NORTH AMERICAN DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

14. NORTH AMERICAN DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

15. EUROPEAN DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

16. EUROPEAN DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

17. EUROPEAN DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

18. ASIA-PACIFIC DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)

19. ASIA-PACIFIC DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)

20. ASIA-PACIFIC DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

21. REST OF THE WORLD DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025($ MILLION)

22. REST OF THE WORLD DOWNHOLE TOOLS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025($ MILLION)

1. GLOBAL DOWNHOLE TOOLS MARKET SHARE BY TYPE, 2018 VS 2025 (%)

2. GLOBAL DOWNHOLE TOOLS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)

3. GLOBAL DOWNHOLE TOOLS MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)

4. US DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

5. CANADA DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

6. UK DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

7. FRANCE DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

8. GERMANY DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

9. ITALY DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

10. SPAIN DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

11. ROE DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

12. INDIA DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

13. CHINA DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

14. JAPAN DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

15. REST OF ASIA-PACIFIC DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

16. REST OF THE WORLD DOWNHOLE TOOLS MARKET SIZE, 2018-2025 ($ MILLION)

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