DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/m9ct98/global_drill_bits) has announced the addition of the "Global Drill Bits in the Oil and Gas Industry Market 2014-2018" report to their offering.

One key trend upcoming in this market is the integration of drill bits in bottom-hole assemblies. The integrated drill bits package reduces the time and energy needed for calibrating and assembling the individual drill bits, thereby making them easy to use during the cumbersome drilling operation.

According to the report, the demand for energy worldwide has increased significantly. Most of the demand for energy is expected to come from China, India, and other developing countries in the APAC region, mainly because of the increased level of industrialization and construction activities

Further, the report states that the adoption of the rental model for drill bits remains a key challenge that will hinder the growth of the market. Drill bits are expensive equipment because they require a high level of design expertise for operations and advanced technology to meet the industry's safety norms.

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 a SWOT analysis of the key vendors.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by Product

08. Geographical Segmentation

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape

17. Key Vendor Analysis

18. Other Reports in this Series

Companies Mentioned:

• Baker Hughes
• Halliburton
• Schlumberger
• Atlas Copco
• Cangzhou Great Drill
• Champion Cutting Tool
• Driltec
• Guizhou Sinodrills Equipment
• NewTech Drilling Products
• Irwin Industrial Tool
• Rock River Tool
• Weatherford International
• Varel International

For more information visit http://www.researchandmarkets.com/research/m9ct98/global_drill_bits