DUBLIN--(BUSINESS WIRE )--The "Global Downhole Drilling Tools Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The publisher has been monitoring the downhole drilling tools market and it is poised to grow by $7.56 billion during 2021-2025, progressing at a CAGR of 4.73% during the forecast period.

The report on the downhole drilling tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in oil and gas E&P activities, increase in energy demand, and new exploration policies.

The downhole drilling tools market analysis includes product and application segments and geographic landscape. This study identifies the increase in deepwater and ultra-deepwater upstream projects as one of the prime reasons driving the downhole drilling tools market growth during the next few years. Also, growing demand for new-generation automated drilling rigs and declining cost of raw materials will lead to sizable demand in the market.

The report on downhole drilling tools market covers the following areas:

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

For more information about this report visit https://www.researchandmarkets.com/r/cgb55m

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900