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Stock impact report

Global Drilling Tools Market Outlook & Forecast 2024-2029: Increased Demand for High-Quality Base Oil and Rising Need for Drilling and Boring Drives Market Growth [Yahoo! Finance]

NOV Inc. (NOV) 
Last nov inc. earnings: 4/27 06:45 pm Check Earnings Report
US:NYSE Investor Relations: nov.com
Company Research Source: Yahoo! Finance
The global drilling tools market was valued at USD 7.85 billion in 2023 and is expected to grow to USD 11.01 billon by 2029, registering a CAGR of 5.79% from 2023-2029. Global players in the drilling tools market, such as Continental, Infineon Technologies, Benchmark, and Baker Hughes, are trying to expand their markets through profitable partnerships and merger strategies. In contrast, the domestic vendors are capitalizing on the product portfolio that best suits the domestic needs and wants. However, being a technology-oriented product, the scope of differentiation lies with sophistication and deployment of advanced features such as energy efficiency, COP, eco-friendly refrigerant, installation costs, geographical climate, services analysis, and much more, through which the product can stay away from the competitive environment. Furthermore, with the recent advances in engineering and technological features, the changing dynamics of the drilling tools industry are demanding hig Show less Read more
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