Europe Pdc Drill Bit Market Size & Outlook, 2024-2030
The pdc drill bit market in Europe is expected to reach a projected revenue of US$ 1,018.9 million by 2030. A compound annual growth rate of 3.9% is expected of Europe pdc drill bit market from 2025 to 2030.
Revenue, 2024 (US$M)
$809.7
Forecast, 2030 (US$M)
$1,018.9
CAGR, 2025 - 2030
3.9%
Report Coverage
Europe
Related Markets
Europe pdc drill bit market highlights
- The Europe pdc drill bit market generated a revenue of USD 809.7 million in 2024.
- The market is expected to grow at a CAGR of 3.9% from 2025 to 2030.
- In terms of segment, matrix body was the largest revenue generating product in 2024.
- Matrix Body is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 809.7 million |
| Market revenue in 2030 | USD 1,018.9 million |
| Growth rate | 3.9% (CAGR from 2025 to 2030) |
| Largest segment | Matrix body |
| Fastest growing segment | Matrix Body |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel Body, Matrix Body |
| Key market players worldwide | Baker Hughes Co Class A, Sandvik AB, NOV Inc, SLB Insurance Group |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.7% of the global pdc drill bit market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,717.5 million by 2030.
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PDC Drill Bit Market Scope
Pdc drill bit market segmentation & scope
PDC Drill Bit Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rockpecker | View profile | 251-500 | Nottingham, Nottingham, United Kingdom, Europe | https://econ.co.in |
| Infinity Tool Manufacturing | View profile | 101-250 | Benton, Illinois, United States, North America | https://infinitytoolmfg.com |
| Archway Engineering | View profile | 11-50 | Elland, York, United Kingdom, Europe | http://www.archway-engineering.com/ |
| SLB | View profile | 11-50 | Brno, Jihomoravsky kraj, Czech Republic, Europe | https://www.slb.cz |
| SLB Insurance Group | View profile | 11-50 | Tamarac, Florida, United States, North America | https://slbig.com/ |
| NOV Inc | View profile | 33676 | 10353 Richmond Avenue, Houston, TX, United States, 77042-4103 | https://www.nov.com |
| Baker Hughes Co Class A | View profile | 58000 | 575 North Dairy Ashford Road, Suite 100, Houston, TX, United States, 77079-1121 | https://www.bakerhughes.com |
| Sandvik AB | View profile | 40614 | Kungsbron 1, Section G, Floor 6, Stockholm, Sweden, 111 22 | https://www.sandvik.com |
Europe pdc drill bit market size, by country, 2018-2030 (US$M)
Europe PDC Drill Bit Market Outlook Share, 2024 & 2030 (US$M)
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