This growth is primarily driven by the increasing rate of oil & gas drilling activities across the world and need for advanced techniques for faster and efficient drilling.
The market growth is likely to be driven by the increase in oil & gas drilling activities around the world.
The market growth is likely to be driven by the increase in oil & gas drilling activities around the world.
The PDC drill bits market was valued at USD 3.52 Billion in 2017 and is estimated to grow at a CAGR of 4.41% from 2018 to 2023, to reach a market size of USD 4.54 Billion by 2023.
PDC Drill Bits Market by Type, Size of PDC Cutter, Number of Blades, and Region - Global Forecast to 2023
The PDC drill bits market is expected to grow from an estimated USD 3.66 Billion in 2018 to USD 4.54 Billion by 2023, at a CAGR of 4.41% during the forecast period.