Drill Bits Market to Grow at CAGR of 4.9% Between 2013 and 2019 Owing to Increase in Drilling Activities and Exploration Worldwide: Transparency Market Research
TMR, a market intelligence company based in the U.S., says in its report that the global drill bits market was estimated to have a total volume of 2,597 hundred units in 2012 and is predicted to experience growth at a CAGR of 4.9% between 2013 and 2019.As per the TMR report, a few years ago, the development in the technology of drill bits grew at a rapid pace, since the drilling engineers were consistently crafting bits for efficient drilling with...
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