Circular Drill bits are cutting tools used to remove material to create holes, almost always of circular cross-section.
Market Analysis and Insights: Global Circular Drill Bit Market
Due to the COVID-19 pandemic, the global Circular Drill Bit market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, High-Speed Steel (HSS) Drill Bits accounting for % of the Circular Drill Bit global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Oil & Gas segment is altered to an % CAGR throughout this forecast period.
China Circular Drill Bit market size is valued at US$ million in 2021, while the US and Europe Circular Drill Bit are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Circular Drill Bit landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Circular Drill Bit include UNION TOOL, VESSEL CO, DEWALT, Hilti, Nachi-Fujikoshi, Robert Bosch Tool Corporation, HOUSE B.M, Fischer Group and Diager, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Circular Drill Bit capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Circular Drill Bit by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Circular Drill Bit Scope and Segment
Circular Drill Bit market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Circular Drill Bit market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
High-Speed Steel (HSS) Drill Bits
Black oxide-coated Drill Bits
Titanium-coated Drill Bits
Cobalt Drill Bits
Carbide-tipped Drill Bits
Others
Segment by Application
Oil & Gas
Mining and Industrial
Construction
Furniture
Others
By Company
UNION TOOL
VESSEL CO
DEWALT
Hilti
Nachi-Fujikoshi
Robert Bosch Tool Corporation
HOUSE B.M
Fischer Group
Diager
LENOX
PROXXON GmbH
Caterpillar
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E