Increased Investments in Drilling Projects to Drive the Market for Drill Bits, According to a New Trend Report Published by Global Industry Analysts, Inc.

GIA announces the release of a trend report on Drill Bits. Market for Drill Bits is expected to witness steady growth led by rising investments in drilling and mechanical projects.

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Drill Bits: A Trend Report

San Jose, California (PRWEB) January 23, 2014

Follow us on LinkedIn – Drilling continues to be an essential component of several mechanical projects and processes. The most important part of a drilling process is the drill bit, a powerful cutting tool designed for creating cylindrical holes, usually with a circular cross-section, on different types of materials and surfaces. Drill bits are developed using different types of materials, with carbides and steel being the most common materials used. Increased investments in drilling and construction projects will help boost growth in the market in the coming years.

The trend report titled “Drill Bits” announced by Global Industry Analysts Inc., is a focused research paper which provides cursory insights into the product and its applications. Also covered are companies such as Atlas Copco Secoroc AB, Baker Hughes Inc., Cangzhou Great Drill Co. Ltd., Driltec LLC, ESCO Corporation, Halliburton Company, Irwin Industrial Tool Company, NewTech Drilling Products LLC, Robert Bosch Tool Corporation, and Varel International Inc., among others.

For more details about this trend report, please visit http://www.strategyr.com/TrendReport.asp?code=146176.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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