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Report
Downhole Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-02 I 148 Pages I IMARC Group
The global downhole tools market size reached US$ 4.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of % 4.5during 2022-2028.
Downhole tools refer to the equipment used for well drilling, interventions and completions. These tools aid in accessing the untapped oil remains beneath the surface and optimizing production levels of the oil wells. Some of the commonly used downhole tools include roller centralizers, drilling jars, drag friction, fishing, shock and tubular tools and drill pipes. These tools are used in the bottom hole assembly for workover operations and are highly efficient in high temperature and pressure conditions. They also aid in maintaining the desired flow and examining the properties of the reservoir by analyzing the quality of rock, sand and liquid samples on the well surface.
Downhole Tools Market Trends:
Significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing number of ultra-deep on-shore and off-shore drilling activities is providing a thrust to the market growth. Downhole tools are crucial for cementing, well bottom communications and fishing in oil and gas exploration activities. Additionally, various technological advancements, such as the development of automated and sustainable downhole tools for a higher rate of penetration (ROP) and minimal impact on the environment, are acting as other growth-inducing factors. Product manufacturers are also utilizing visualization and modeling tools to optimize, recreate and construct accurate well paths through the reservoir target. Other factors, including the implementation of favorable government policies, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global downhole tools market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.
Breakup by Product:
Drilling Tools
Handling Tools
Flow and Pressure Tools
Control Tools
Others
Breakup by Application:
Well Drilling
Well Intervention
Formation and Evaluation
Production and Well Completion
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes Company, Bilco Tools Inc, Halliburton Company, Innovex Downhole Solutions Inc., NOV Inc., Oil States International Inc., Schlumberger Limited, Schoeller-Bleckmann Oilfield Equipment AG, Ulterra Drilling Technologies LP, United Drilling Tools LTD, Weatherford International plc and Wenzel Downhole Tools Ltd. (Basin Tools LP).
Key Questions Answered in This Report
1. How big is the global downhole tools market?
2. What is the expected growth rate of the global downhole tools market during 2023-2028?
3. What are the key factors driving the global downhole tools market?
4. What has been the impact of COVID-19 on the global downhole tools market?
5. What is the breakup of the global downhole tools market based on the product?
6. What is the breakup of the global downhole tools market based on the application?
7. What are the key regions in the global downhole tools market?
8. Who are the key players/companies in the global downhole tools market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Downhole Tools Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Product
6.1Drilling Tools
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Handling Tools
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Flow and Pressure Tools
6.3.1 Market Trends
6.3.2 Market Forecast
6.4Control Tools
6.4.1 Market Trends
6.4.2 Market Forecast
6.5Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1Well Drilling
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Well Intervention
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Formation and Evaluation
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Production and Well Completion
7.4.1 Market Trends
7.4.2 Market Forecast
7.5Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
13.3.1Baker Hughes Company
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2Bilco Tools Inc
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3Halliburton Company
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4Innovex Downhole Solutions Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5NOV Inc.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6Oil States International Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7Schlumberger Limited
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8Schoeller-Bleckmann Oilfield Equipment AG
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.9Ulterra Drilling Technologies LP
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10United Drilling Tools LTD
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.11Weatherford International plc
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12Wenzel Downhole Tools Ltd. (Basin Tools LP)
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.12.3 SWOT Analysis
Figure 1: Global: Downhole Tools Market: Major Drivers and Challenges
Figure 2: Global: Downhole Tools Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Downhole Tools Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Downhole Tools Market: Breakup by Product (in %), 2022
Figure 5: Global: Downhole Tools Market: Breakup by Application (in %), 2022
Figure 6: Global: Downhole Tools Market: Breakup by Region (in %), 2022
Figure 7: Global: Downhole Tools (Drilling Tools) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Downhole Tools (Drilling Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Downhole Tools (Handling Tools) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Downhole Tools (Handling Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Downhole Tools (Flow and Pressure Tools) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Downhole Tools (Flow and Pressure Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Downhole Tools (Control Tools) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Downhole Tools (Control Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Downhole Tools (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Downhole Tools (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Downhole Tools (Well Drilling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Downhole Tools (Well Drilling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Downhole Tools (Well Intervention) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Downhole Tools (Well Intervention) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Downhole Tools (Formation and Evaluation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Downhole Tools (Formation and Evaluation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Downhole Tools (Production and Well Completion) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Downhole Tools (Production and Well Completion) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Downhole Tools (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Downhole Tools (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: United States: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: United States: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Canada: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Canada: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Asia-Pacific: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Asia-Pacific: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: China: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: China: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Japan: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Japan: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: India: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: India: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: South Korea: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: South Korea: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Australia: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Australia: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Indonesia: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Indonesia: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Others: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Others: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Europe: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Europe: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Germany: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Germany: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: France: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: France: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: United Kingdom: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: United Kingdom: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Italy: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Italy: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Spain: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Spain: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Russia: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Russia: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Latin America: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Latin America: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Brazil: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Brazil: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Mexico: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Mexico: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Middle East and Africa: Downhole Tools Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Middle East and Africa: Downhole Tools Market: Breakup by Country (in %), 2022
Figure 75: Middle East and Africa: Downhole Tools Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Global: Downhole Tools Industry: SWOT Analysis
Figure 77: Global: Downhole Tools Industry: Value Chain Analysis
Figure 78: Global: Downhole Tools Industry: Porter's Five Forces Analysis
Table 1: Global: Downhole Tools Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Downhole Tools Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Downhole Tools Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Downhole Tools Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Downhole Tools Market: Competitive Structure
Table 6: Global: Downhole Tools Market: Key Players
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