| Product Code: ETC10678289 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
Norway`s oil and gas drill bit import shipments in 2024 continued to see a high concentration of imports from top countries such as Germany, USA, China, South Korea, and Sweden. The Herfindahl-Hirschman Index (HHI) indicated a significant increase in market concentration from 2023 to 2024. Despite a negative Compound Annual Growth Rate (CAGR) of -13.62% from 2020 to 2024, there was a slight growth uptick in 2024 with a 0.91% increase compared to the previous year. This suggests a stable but concentrated market for oil and gas drill bit imports in Norway.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Norway Oil and Gas Drill Bit Market Overview |
3.1 Norway Country Macro Economic Indicators |
3.2 Norway Oil and Gas Drill Bit Market Revenues & Volume, 2021 & 2031F |
3.3 Norway Oil and Gas Drill Bit Market - Industry Life Cycle |
3.4 Norway Oil and Gas Drill Bit Market - Porter's Five Forces |
3.5 Norway Oil and Gas Drill Bit Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Norway Oil and Gas Drill Bit Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Norway Oil and Gas Drill Bit Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Norway Oil and Gas Drill Bit Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing exploration and production activities in the Norwegian Continental Shelf |
4.2.2 Technological advancements leading to the development of more efficient and durable drill bits |
4.2.3 Rising investments in offshore drilling projects in Norway |
4.3 Market Restraints |
4.3.1 Fluctuations in oil prices impacting the overall drilling activities and investments in the oil and gas sector |
4.3.2 Regulatory challenges and environmental concerns affecting drilling operations in Norway |
5 Norway Oil and Gas Drill Bit Market Trends |
6 Norway Oil and Gas Drill Bit Market, By Types |
6.1 Norway Oil and Gas Drill Bit Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Fixed Cutter, 2021 - 2031F |
6.1.4 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Roller Cone, 2021 - 2031F |
6.1.5 Norway Oil and Gas Drill Bit Market Revenues & Volume, By PDC (Polycrystalline Diamond Compact), 2021 - 2031F |
6.1.6 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.2 Norway Oil and Gas Drill Bit Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Tungsten Carbide, 2021 - 2031F |
6.2.3 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Diamond, 2021 - 2031F |
6.2.4 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Steel, 2021 - 2031F |
6.2.5 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Composite, 2021 - 2031F |
6.3 Norway Oil and Gas Drill Bit Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Onshore, 2021 - 2031F |
6.3.3 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Offshore, 2021 - 2031F |
6.3.4 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Directional Drilling, 2021 - 2031F |
6.3.5 Norway Oil and Gas Drill Bit Market Revenues & Volume, By Horizontal Drilling, 2021 - 2031F |
7 Norway Oil and Gas Drill Bit Market Import-Export Trade Statistics |
7.1 Norway Oil and Gas Drill Bit Market Export to Major Countries |
7.2 Norway Oil and Gas Drill Bit Market Imports from Major Countries |
8 Norway Oil and Gas Drill Bit Market Key Performance Indicators |
8.1 Average drilling depth achieved per drill bit |
8.2 Rate of penetration (ROP) improvement over time |
8.3 Drill bit utilization rate |
8.4 Cost per foot drilled |
8.5 Percentage of successful well completions |
9 Norway Oil and Gas Drill Bit Market - Opportunity Assessment |
9.1 Norway Oil and Gas Drill Bit Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Norway Oil and Gas Drill Bit Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Norway Oil and Gas Drill Bit Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Norway Oil and Gas Drill Bit Market - Competitive Landscape |
10.1 Norway Oil and Gas Drill Bit Market Revenue Share, By Companies, 2024 |
10.2 Norway Oil and Gas Drill Bit Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |