Global and United States Drill Bits Market Insights, Forecast to 2027

Drill bits are cutting tools used to remove material to create holes, almost always of circular cross-section. A commonly used twist drill is a tool for drilling a circular hole of a workpiece by its rotary cutting relative to a fixed axis. It is named because its chip groove is spiral and shaped like a twist.
The major producers in this industry include Stanley Black & Decker, Bosch and Techtronic, etc. The top three producers account for more than 36% of the total revenue. From the regional perspective, the European revenue accounts for 34.67% in 2019, which is the highest.

Market Analysis and Insights: Global and United States Drill Bits Market
This report focuses on global and United States Drill Bits market.
In 2020, the global Drill Bits market size was US$ 1602.8 million and it is expected to reach US$ 2335.6 million by the end of 2027, with a CAGR of 5.5% during 2021-2027. In United States the Drill Bits market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Drill Bits Scope and Market Size
Drill Bits market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Drill Bits market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For United States market, this report focuses on the Drill Bits market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in United States.

Segment by Type
High-Speed Steel (HSS)
Carbon Steel
Carbide
Cobalt Steel
Others
The segment of carbide types hold a comparatively larger revenue share in global market, which accounts for about 58% in 2019.

Segment by Application
Metal
Wood
Construction Materials
Others
The proportion of construction materials segment is about 35%, and the proportion of wood is about 26% in 2019.

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Stanley Black & Decker
Bosch
Techtronic
Makita
Hilti
ITW
Top-Eastern Group
Metabo
Regal Cutting Tools
IZAR Cutting Tools
Hartner
RUKO GmbH