The global market for Mining Cone Bit was valued at US$ 589 million in the year 2024 and is projected to reach a revised size of US$ 767 million by 2031, growing at a CAGR of 3.9% during the forecast period.
The cone bit is the most widely used drilling bit. When the cone bit is working, the cutting teeth alternately contact the bottom of the well, with small rock breaking torque, small contact area between the cutting teeth and the bottom of the well, high specific pressure, and easy to eat into the formation; The total length of the working edge is large, so the wear is relatively reduced. The cone bit can adapt to various formations from soft to hard.
North American market for Mining Cone Bit is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Mining Cone Bit is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Mining Cone Bit include Schlumberger, Sandvik, Halliburton, Baker Hughes, Volgaburmash & Uralburmash, Universal Drilling Technique, Rubicon Oilfield International, ACE Drilling Tools, CENERG GLOBAL TOOLS, Feilong Retop, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Mining Cone Bit, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Mining Cone Bit.
The Mining Cone Bit market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Mining Cone Bit market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Mining Cone Bit manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Schlumberger
Sandvik
Halliburton
Baker Hughes
Volgaburmash & Uralburmash
Universal Drilling Technique
Rubicon Oilfield International
ACE Drilling Tools
CENERG GLOBAL TOOLS
Feilong Retop
SHAREATE TOOLS
NOV Rig Technologies
Terelion
Smith Bits
Varel Energy Solutions
Hole Products
Sinopec Oilfield Equipment Corporation
by Type
Double Cone
Tricone
Others
by Application
Underground Mining
Open Pit Mining
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Mining Cone Bit manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Mining Cone Bit by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Mining Cone Bit in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Mining Cone Bit Market Overview
1.1 Product Definition
1.2 Mining Cone Bit by Type
1.2.1 Global Mining Cone Bit Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Double Cone
1.2.3 Tricone
1.2.4 Others
1.3 Mining Cone Bit by Application
1.3.1 Global Mining Cone Bit Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Underground Mining
1.3.3 Open Pit Mining
1.4 Global Market Growth Prospects
1.4.1 Global Mining Cone Bit Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Mining Cone Bit Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Mining Cone Bit Production Estimates and Forecasts (2020-2031)
1.4.4 Global Mining Cone Bit Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Mining Cone Bit Production Market Share by Manufacturers (2020-2025)
2.2 Global Mining Cone Bit Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Mining Cone Bit, Industry Ranking, 2023 VS 2024
2.4 Global Mining Cone Bit Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Mining Cone Bit Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Mining Cone Bit, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Mining Cone Bit, Product Offered and Application
2.8 Global Key Manufacturers of Mining Cone Bit, Date of Enter into This Industry
2.9 Mining Cone Bit Market Competitive Situation and Trends
2.9.1 Mining Cone Bit Market Concentration Rate
2.9.2 Global 5 and 10 Largest Mining Cone Bit Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Mining Cone Bit Production by Region
3.1 Global Mining Cone Bit Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Mining Cone Bit Production Value by Region (2020-2031)
3.2.1 Global Mining Cone Bit Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Mining Cone Bit by Region (2026-2031)
3.3 Global Mining Cone Bit Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Mining Cone Bit Production Volume by Region (2020-2031)
3.4.1 Global Mining Cone Bit Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Mining Cone Bit by Region (2026-2031)
3.5 Global Mining Cone Bit Market Price Analysis by Region (2020-2025)
3.6 Global Mining Cone Bit Production and Value, Year-over-Year Growth
3.6.1 North America Mining Cone Bit Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Mining Cone Bit Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Mining Cone Bit Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Mining Cone Bit Production Value Estimates and Forecasts (2020-2031)
4 Mining Cone Bit Consumption by Region
4.1 Global Mining Cone Bit Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Mining Cone Bit Consumption by Region (2020-2031)
4.2.1 Global Mining Cone Bit Consumption by Region (2020-2025)
4.2.2 Global Mining Cone Bit Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Mining Cone Bit Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Mining Cone Bit Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Mining Cone Bit Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Mining Cone Bit Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Mining Cone Bit Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Mining Cone Bit Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Mining Cone Bit Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Mining Cone Bit Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Mining Cone Bit Production by Type (2020-2031)
5.1.1 Global Mining Cone Bit Production by Type (2020-2025)
5.1.2 Global Mining Cone Bit Production by Type (2026-2031)
5.1.3 Global Mining Cone Bit Production Market Share by Type (2020-2031)
5.2 Global Mining Cone Bit Production Value by Type (2020-2031)
5.2.1 Global Mining Cone Bit Production Value by Type (2020-2025)
5.2.2 Global Mining Cone Bit Production Value by Type (2026-2031)
5.2.3 Global Mining Cone Bit Production Value Market Share by Type (2020-2031)
5.3 Global Mining Cone Bit Price by Type (2020-2031)
6 Segment by Application
6.1 Global Mining Cone Bit Production by Application (2020-2031)
6.1.1 Global Mining Cone Bit Production by Application (2020-2025)
6.1.2 Global Mining Cone Bit Production by Application (2026-2031)
6.1.3 Global Mining Cone Bit Production Market Share by Application (2020-2031)
6.2 Global Mining Cone Bit Production Value by Application (2020-2031)
6.2.1 Global Mining Cone Bit Production Value by Application (2020-2025)
6.2.2 Global Mining Cone Bit Production Value by Application (2026-2031)
6.2.3 Global Mining Cone Bit Production Value Market Share by Application (2020-2031)
6.3 Global Mining Cone Bit Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Schlumberger
7.1.1 Schlumberger Mining Cone Bit Company Information
7.1.2 Schlumberger Mining Cone Bit Product Portfolio
7.1.3 Schlumberger Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Schlumberger Main Business and Markets Served
7.1.5 Schlumberger Recent Developments/Updates
7.2 Sandvik
7.2.1 Sandvik Mining Cone Bit Company Information
7.2.2 Sandvik Mining Cone Bit Product Portfolio
7.2.3 Sandvik Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Sandvik Main Business and Markets Served
7.2.5 Sandvik Recent Developments/Updates
7.3 Halliburton
7.3.1 Halliburton Mining Cone Bit Company Information
7.3.2 Halliburton Mining Cone Bit Product Portfolio
7.3.3 Halliburton Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Halliburton Main Business and Markets Served
7.3.5 Halliburton Recent Developments/Updates
7.4 Baker Hughes
7.4.1 Baker Hughes Mining Cone Bit Company Information
7.4.2 Baker Hughes Mining Cone Bit Product Portfolio
7.4.3 Baker Hughes Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Baker Hughes Main Business and Markets Served
7.4.5 Baker Hughes Recent Developments/Updates
7.5 Volgaburmash & Uralburmash
7.5.1 Volgaburmash & Uralburmash Mining Cone Bit Company Information
7.5.2 Volgaburmash & Uralburmash Mining Cone Bit Product Portfolio
7.5.3 Volgaburmash & Uralburmash Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Volgaburmash & Uralburmash Main Business and Markets Served
7.5.5 Volgaburmash & Uralburmash Recent Developments/Updates
7.6 Universal Drilling Technique
7.6.1 Universal Drilling Technique Mining Cone Bit Company Information
7.6.2 Universal Drilling Technique Mining Cone Bit Product Portfolio
7.6.3 Universal Drilling Technique Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Universal Drilling Technique Main Business and Markets Served
7.6.5 Universal Drilling Technique Recent Developments/Updates
7.7 Rubicon Oilfield International
7.7.1 Rubicon Oilfield International Mining Cone Bit Company Information
7.7.2 Rubicon Oilfield International Mining Cone Bit Product Portfolio
7.7.3 Rubicon Oilfield International Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Rubicon Oilfield International Main Business and Markets Served
7.7.5 Rubicon Oilfield International Recent Developments/Updates
7.8 ACE Drilling Tools
7.8.1 ACE Drilling Tools Mining Cone Bit Company Information
7.8.2 ACE Drilling Tools Mining Cone Bit Product Portfolio
7.8.3 ACE Drilling Tools Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.8.4 ACE Drilling Tools Main Business and Markets Served
7.8.5 ACE Drilling Tools Recent Developments/Updates
7.9 CENERG GLOBAL TOOLS
7.9.1 CENERG GLOBAL TOOLS Mining Cone Bit Company Information
7.9.2 CENERG GLOBAL TOOLS Mining Cone Bit Product Portfolio
7.9.3 CENERG GLOBAL TOOLS Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.9.4 CENERG GLOBAL TOOLS Main Business and Markets Served
7.9.5 CENERG GLOBAL TOOLS Recent Developments/Updates
7.10 Feilong Retop
7.10.1 Feilong Retop Mining Cone Bit Company Information
7.10.2 Feilong Retop Mining Cone Bit Product Portfolio
7.10.3 Feilong Retop Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Feilong Retop Main Business and Markets Served
7.10.5 Feilong Retop Recent Developments/Updates
7.11 SHAREATE TOOLS
7.11.1 SHAREATE TOOLS Mining Cone Bit Company Information
7.11.2 SHAREATE TOOLS Mining Cone Bit Product Portfolio
7.11.3 SHAREATE TOOLS Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.11.4 SHAREATE TOOLS Main Business and Markets Served
7.11.5 SHAREATE TOOLS Recent Developments/Updates
7.12 NOV Rig Technologies
7.12.1 NOV Rig Technologies Mining Cone Bit Company Information
7.12.2 NOV Rig Technologies Mining Cone Bit Product Portfolio
7.12.3 NOV Rig Technologies Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.12.4 NOV Rig Technologies Main Business and Markets Served
7.12.5 NOV Rig Technologies Recent Developments/Updates
7.13 Terelion
7.13.1 Terelion Mining Cone Bit Company Information
7.13.2 Terelion Mining Cone Bit Product Portfolio
7.13.3 Terelion Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Terelion Main Business and Markets Served
7.13.5 Terelion Recent Developments/Updates
7.14 Smith Bits
7.14.1 Smith Bits Mining Cone Bit Company Information
7.14.2 Smith Bits Mining Cone Bit Product Portfolio
7.14.3 Smith Bits Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Smith Bits Main Business and Markets Served
7.14.5 Smith Bits Recent Developments/Updates
7.15 Varel Energy Solutions
7.15.1 Varel Energy Solutions Mining Cone Bit Company Information
7.15.2 Varel Energy Solutions Mining Cone Bit Product Portfolio
7.15.3 Varel Energy Solutions Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Varel Energy Solutions Main Business and Markets Served
7.15.5 Varel Energy Solutions Recent Developments/Updates
7.16 Hole Products
7.16.1 Hole Products Mining Cone Bit Company Information
7.16.2 Hole Products Mining Cone Bit Product Portfolio
7.16.3 Hole Products Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Hole Products Main Business and Markets Served
7.16.5 Hole Products Recent Developments/Updates
7.17 Sinopec Oilfield Equipment Corporation
7.17.1 Sinopec Oilfield Equipment Corporation Mining Cone Bit Company Information
7.17.2 Sinopec Oilfield Equipment Corporation Mining Cone Bit Product Portfolio
7.17.3 Sinopec Oilfield Equipment Corporation Mining Cone Bit Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Sinopec Oilfield Equipment Corporation Main Business and Markets Served
7.17.5 Sinopec Oilfield Equipment Corporation Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Mining Cone Bit Industry Chain Analysis
8.2 Mining Cone Bit Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Mining Cone Bit Production Mode & Process Analysis
8.4 Mining Cone Bit Sales and Marketing
8.4.1 Mining Cone Bit Sales Channels
8.4.2 Mining Cone Bit Distributors
8.5 Mining Cone Bit Customer Analysis
9 Mining Cone Bit Market Dynamics
9.1 Mining Cone Bit Industry Trends
9.2 Mining Cone Bit Market Drivers
9.3 Mining Cone Bit Market Challenges
9.4 Mining Cone Bit Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Schlumberger
Sandvik
Halliburton
Baker Hughes
Volgaburmash & Uralburmash
Universal Drilling Technique
Rubicon Oilfield International
ACE Drilling Tools
CENERG GLOBAL TOOLS
Feilong Retop
SHAREATE TOOLS
NOV Rig Technologies
Terelion
Smith Bits
Varel Energy Solutions
Hole Products
Sinopec Oilfield Equipment Corporation
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*If Applicable.