Global Spade Drill Bit Market Growth 2025-2031

The global Spade Drill Bit market size is predicted to grow from US$ 1095 million in 2025 to US$ 1398 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.

Spade drill bits are also known as paddle bits because of their shape. This is a flat drill bit with two sharp-edged lips for fast removal of wood shavings, dust, and other waste material from the borehole.

United States market for Spade Drill Bit is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Spade Drill Bit is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Spade Drill Bit is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Spade Drill Bit players cover Leistritz Group, Maxtech Consumer Products Limited, MICRO 100, Bosch, IRWIN, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Spade Drill Bit Industry Forecast” looks at past sales and reviews total world Spade Drill Bit sales in 2024, providing a comprehensive analysis by region and market sector of projected Spade Drill Bit sales for 2025 through 2031. With Spade Drill Bit sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Spade Drill Bit industry.

This Insight Report provides a comprehensive analysis of the global Spade Drill Bit landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Spade Drill Bit portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Spade Drill Bit market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Spade Drill Bit and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Spade Drill Bit.

This report presents a comprehensive overview, market shares, and growth opportunities of Spade Drill Bit market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Black Oxide
Silver
Uncoated

Segmentation by Application:
General Manufacturing
Automotive
Military
Aerospace

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Leistritz Group
Maxtech Consumer Products Limited
MICRO 100
Bosch
IRWIN
DEWALT
Diablo
WORKPRO
Makita
Tru-Cut

Key Questions Addressed in this Report

What is the 10-year outlook for the global Spade Drill Bit market?

What factors are driving Spade Drill Bit market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Spade Drill Bit market opportunities vary by end market size?

How does Spade Drill Bit break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.