Global Boring Tools Market Significant Demand Foreseen by 2025: BIG KAISER, Kennametal, OSG, Sandvik

Qyresearchreports include new market research report “Global Boring Tools Sales Market Report 2018” to its huge collection of research reports.

In machining, boring is the process of enlarging a hole that has already been drilled (or cast) by means of a single-point cutting tool (or of a boring head containing several such tools), such as in boring a gun barrel or an engine cylinder. Boring is used to achieve greater accuracy of the diameter of a hole, and can be used to cut a tapered hole. Boring can be viewed as the internal-diameter counterpart to turning, which cuts external diameters.

Onshore segment is expected to be the largest market for drilling tools, by application, in 2017. Approximately 70% of the total oil and gas production in the world takes places at onshore fields. These fields are easier to operate from an exploration perspective and require less capital investment as compared to offshore fields. Formations in onshore wells are more stable during the drilling process than those in offshore. Market demand for drilling tools from onshore segment is also the fastest-growing. US andChinawith vast onshore reserves present ample market opportunities in this onshore segment.

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North Americais expected to be the largest and the fastest-growing market, by region, during the forecast period. Increasing shale gas production and energy reforms of respective countries would drive the growth of the drilling tools in the region.Asia Pacificis expected to be the second fastest-growing market for drilling tools.
The global Boring Tools market is valued at xx million US$ in 2017 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2018-2025.

The major players covered in this report
BIG KAISER
Kennametal
NACHI-FUJIKOSHI
OSG
Sandvik

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering
United States
Europe
China
Japan
Southeast Asia
India

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Drill Bits
Drilling Tubulars
Drilling Motors
Drill Reamers and Stabilizers
Drill Collars
Drill Jars
Drill Swivels
Mechanical Thrusters

The study objectives of this report are:

To analyze and study the global Boring Tools sales, value, status (2013-2017) and forecast (2018-2025);
To analyze the top players in North America, Europe, China, Japan, Southeast Asia and India, to study the sales, value and market share of top players in these regions.
Focuses on the key Boring Tools players, to study the sales, value, market share and development plans in future.
Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.

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Key Stakeholders
Boring Tools Manufacturers
Boring Tools Distributors/Traders/Wholesalers
Boring Tools Subcomponent Manufacturers
Industry Association
Downstream Vendors

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