If your company is looking to save time and money during the initial stages of the buying process, IBISWorld’s Drill Bits procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Drill Bits, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Drill Bits - Recent Price Trend

In the three years to 2017, the price of drill bits has grown steadily at an estimated annualized 1.5%. Although prices have been on an upward trend during the period, stable demand from the oil and gas sector has helped keep price growth stable. Low price volatility has allowed buyers to make more accurate cost estimations and plan their purchases better. Nonetheless, because current prices are...


Drill Bits - Total Cost of Ownership

The total cost of ownership for drill bits is moderate, and encompasses a handful of direct and indirect costs, including maintenance fees, shipping and warranty costs. Buyers should take these costs into consideration to make a well-informed purchasing decision. For instance, preventive maintenance is a key aspect of ensuring that drill bits have long useful lives. Such services include...


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About this Report

This report is intended to assist buyers of drill bits and related accessories. Drill bits are placed in a drill and used to create cylindrical holes for mining, oil drilling, gas exploration and water well drilling purposes. This report covers a variety of drill bits, including nozzle bits, polycrystalline-diamond compact (PDC) bits, longwall bits, core bits and natural-diamond bits. This report excludes industrial, dental, surgical, endoscopic, tile and hand drill bits, as well as cases and sets.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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