The report analyzes and presents an overview of Drill Bits market worldwide. "Drill bits are sometimes also known as metal bits, since the tools are offered in different varieties of metals. Drill bits are attached to a tool, known as the drill machine, which rotates the bits and provides substantial axial force as well as torque for drilling holes on the surface.
Drill bits are developed using different types of materials, with carbides and steel being the most common materials used."
The report also provides a review of classification of Drill Bits both by materials used as well as applications along with strategic industry activities of major companies worldwide. In addition, 80 companies operating in the Drill Bits arena worldwide including Atlas Copco Secoroc AB, Baker Hughes Inc., Cangzhou Great Drill Co. Ltd., Driltec LLC, ESCO Corporation, Halliburton Company, Irwin Industrial Tool Company, NewTech Drilling Products LLC, Robert Bosch Tool Corporation, Varel International Inc., and others are profiled.