Drilling Machine Market Overview:
The global drilling machine market was valued at $16.54 Billion in 2017, and is expected to reach $28.76 Billion by 2025, growing at a CAGR of 7.1% from 2018 to 2025. Drilling machines are used to originate through or blind straight cylindrical holes in solid rigid bodies or enlarge existing holes. These machines in its varied capacities are capable of drilling holes of varied length and diameter ranging from 1mm to 40mm or even deeper. The machines are also classified depending upon the softness and hardness of the material required to be drilled. Drilling or milling machines are mounted with drilling bits with high revolutions per minute (RPM) to facilitate the drilling of precise holes in the metal.
Drilling machines act as a reliable means to carry drilling operations on thick metal equipment. These machines can drill the off-center center, and other locations of the machine with higher accuracy. These machines are also available based on their processing type, which includes gun drilling machine, BTA drilling machine, ejector drilling machine, counter boring machine, pull boring machine, trepanning machine, skiving and roller burnishing machine, bottom forming machine, bottle boring machine, and reaming machine. However, fluctuating raw material price and repair & maintenance cost of drilling machine is a challenge that affects the market growth.
The global drilling machine market is segmented based on type, industry application, and region. Based on type, the market is categorized into sensitive drilling machine, upright drilling machine, radial drilling machine, gang drilling machine, multiple spindle drilling machine, deep hole drilling machine, and others. The deep hole drilling machine segment is anticipated to dominate the market throughout the study period. Based on industry application, the market is categorized into aerospace, heavy equipment, automotive, energy industry, military & defense, oil & gas, and others.
The global drilling machine market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, and the Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period.
The key players profiled in this report include DATRON AG, DMG MORI, Dalian Machine Tool Group Corporation, SMTCL, Ernst Lenz Maschinenbau, Fehlmann AG, Cameron Micro Drill Presses, Gate Machinery International, Hsin Geeli Hardware Enterprise, and Alpen-Maykestag GmbH.
Key Benefits for Drilling Machine Market:
The study provides an in-depth analysis of the global drilling machine market, and current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2017 to 2025 is provided to determine the market potential.
Drilling Machine Key Market Segments:
By Type
Sensitive Drilling Machine
Upright Drilling Machine
Radial Drilling Machine
Gang Drilling Machine
Multiple Spindle Drilling Machine
Deep Hole Drilling Machine
Others
By Application Industry
Aerospace
Heavy Equipment
Automotive
Energy Industry
Military & Defense
Oil & Gas
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players Profiled in the Report
DATRON AG
DMG MORI
Dalian Machine Tool Group Corporation SMTCL
Ernst Lenz Maschinenbau
Fehlmann AG
Cameron Micro Drill Presses
Gate Machinery International
Hsin Geeli Hardware Enterprise
Alpen-Maykestag GmbH
The global drilling machine market was valued at $16.54 Billion in 2017, and is expected to reach $28.76 Billion by 2025, growing at a CAGR of 7.1% from 2018 to 2025. Drilling machines are used to originate through or blind straight cylindrical holes in solid rigid bodies or enlarge existing holes. These machines in its varied capacities are capable of drilling holes of varied length and diameter ranging from 1mm to 40mm or even deeper. The machines are also classified depending upon the softness and hardness of the material required to be drilled. Drilling or milling machines are mounted with drilling bits with high revolutions per minute (RPM) to facilitate the drilling of precise holes in the metal.
Drilling machines act as a reliable means to carry drilling operations on thick metal equipment. These machines can drill the off-center center, and other locations of the machine with higher accuracy. These machines are also available based on their processing type, which includes gun drilling machine, BTA drilling machine, ejector drilling machine, counter boring machine, pull boring machine, trepanning machine, skiving and roller burnishing machine, bottom forming machine, bottle boring machine, and reaming machine. However, fluctuating raw material price and repair & maintenance cost of drilling machine is a challenge that affects the market growth.
The global drilling machine market is segmented based on type, industry application, and region. Based on type, the market is categorized into sensitive drilling machine, upright drilling machine, radial drilling machine, gang drilling machine, multiple spindle drilling machine, deep hole drilling machine, and others. The deep hole drilling machine segment is anticipated to dominate the market throughout the study period. Based on industry application, the market is categorized into aerospace, heavy equipment, automotive, energy industry, military & defense, oil & gas, and others.
The global drilling machine market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, and the Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period.
The key players profiled in this report include DATRON AG, DMG MORI, Dalian Machine Tool Group Corporation, SMTCL, Ernst Lenz Maschinenbau, Fehlmann AG, Cameron Micro Drill Presses, Gate Machinery International, Hsin Geeli Hardware Enterprise, and Alpen-Maykestag GmbH.
Key Benefits for Drilling Machine Market:
The study provides an in-depth analysis of the global drilling machine market, and current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2017 to 2025 is provided to determine the market potential.
Drilling Machine Key Market Segments:
By Type
Sensitive Drilling Machine
Upright Drilling Machine
Radial Drilling Machine
Gang Drilling Machine
Multiple Spindle Drilling Machine
Deep Hole Drilling Machine
Others
By Application Industry
Aerospace
Heavy Equipment
Automotive
Energy Industry
Military & Defense
Oil & Gas
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players Profiled in the Report
DATRON AG
DMG MORI
Dalian Machine Tool Group Corporation SMTCL
Ernst Lenz Maschinenbau
Fehlmann AG
Cameron Micro Drill Presses
Gate Machinery International
Hsin Geeli Hardware Enterprise
Alpen-Maykestag GmbH
Frequently Asked Questions about the Global Drilling Machine Market
What is the estimated value of the Global Drilling Machine Market?
What is the growth rate of the Global Drilling Machine Market?
What is the forecasted size of the Global Drilling Machine Market?
Note: Product cover images may vary from those shown
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DRILLING MACHINE MARKET, BY TYPE
CHAPTER 5: DRILLING MACHINE MARKET, BY INDUSTRY APPLICATION
CHAPTER 6: DRILLING MACHINE MARKET, BY REGION
CHAPTER 7: COMPANY PROFILES
Note: Product cover images may vary from those shown
According to a new report titled, 'Drilling Machine Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,' the drilling machine market accounted for $16.54 Billion in 2017, and is expected to reach $28.76 Billion by 2025, growing at a CAGR of 7.1% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, and is expected to grow faster compared to North America.
Drilling machine is used to enlarge or drill a cylindrical hole in a workpiece. It is composed of four major componentsthe head, table, column, and base. The motor is attached on the head and spindle is fixed within the quill, which is moved by either manual or automatic feed. The table is mounted on the column, and is used to support the workpiece. The cast iron base supports the entire structure. These machines are basically used for gun drilling, trepanning, BTA drilling, ejector drilling, counterboring, and pull boring.
The market for drilling machine market is primarily driven by increased demand for fabricated metal products and minimized labor cost. However, fluctuation in the prices of the raw materials majorly restricts the growth of the market.
The deep hole drilling machine segment secured the highest share in the drilling machine market in 2017. The multiple spindle drilling machine industry is expected to grow at a highest CAGR during the forecast period. In terms application industries, heavy equipment sector is expected to contribute the highest market share in the coming years, as this industry needs to displace heavy vehicle and material handling equipment parts. Moreover, increase in emphasis on military and defense sector is expected to provide lucrative growth opportunities to small players in the developing economies.
In 2017, Asia-Pacific registered the highest share in the drilling machine market, and is expected to continue this trend during the forecast period, owing to presence of the key manufacturing companies in the region.
Key Findings of the Drilling Machine Market:
In 2017, the deep hole drilling machine dominated the global drilling machine market, in terms of revenue, and is projected to grow significantly during the forecast period.
The heavy equipment segment is projected to dominate the industry application segment during the forecast period.
Asia-Pacific is projected to register the highest market share in the global drilling machine market.
The major players, such as DATRON AG, DMG MORI, Dalian Machine Tool Group Corporation, SMTCL, Ernst Lenz Maschinenbau, Fehlmann AG, Cameron Micro Drill Presses, Gate Machinery International, Hsin Geeli Hardware Enterprise, and Alpen-Maykestag GmbH, are focused to strengthen their presence in the market.
Drilling machine is used to enlarge or drill a cylindrical hole in a workpiece. It is composed of four major componentsthe head, table, column, and base. The motor is attached on the head and spindle is fixed within the quill, which is moved by either manual or automatic feed. The table is mounted on the column, and is used to support the workpiece. The cast iron base supports the entire structure. These machines are basically used for gun drilling, trepanning, BTA drilling, ejector drilling, counterboring, and pull boring.
The market for drilling machine market is primarily driven by increased demand for fabricated metal products and minimized labor cost. However, fluctuation in the prices of the raw materials majorly restricts the growth of the market.
The deep hole drilling machine segment secured the highest share in the drilling machine market in 2017. The multiple spindle drilling machine industry is expected to grow at a highest CAGR during the forecast period. In terms application industries, heavy equipment sector is expected to contribute the highest market share in the coming years, as this industry needs to displace heavy vehicle and material handling equipment parts. Moreover, increase in emphasis on military and defense sector is expected to provide lucrative growth opportunities to small players in the developing economies.
In 2017, Asia-Pacific registered the highest share in the drilling machine market, and is expected to continue this trend during the forecast period, owing to presence of the key manufacturing companies in the region.
Key Findings of the Drilling Machine Market:
In 2017, the deep hole drilling machine dominated the global drilling machine market, in terms of revenue, and is projected to grow significantly during the forecast period.
The heavy equipment segment is projected to dominate the industry application segment during the forecast period.
Asia-Pacific is projected to register the highest market share in the global drilling machine market.
The major players, such as DATRON AG, DMG MORI, Dalian Machine Tool Group Corporation, SMTCL, Ernst Lenz Maschinenbau, Fehlmann AG, Cameron Micro Drill Presses, Gate Machinery International, Hsin Geeli Hardware Enterprise, and Alpen-Maykestag GmbH, are focused to strengthen their presence in the market.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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