Increase in focus on e-mobility and cost-effective production of automobile parts drive demand for deep hole drilling machines in automobile manufacturing. Technological developments in e-mobility and rise in inclination toward it has resulted in expansion of the electric vehicle industry significantly. Surge in demand for electric vehicles propels the demand for precise and reliable automotive components, which, in turn, drives the growth of the deep hole drilling machines market. Moreover, accuracy of drilling obtained by deep hole drilling machines drive their demand in the medical industry for manufacturing of highly precise surgical tools. Deep hole drilling machines are extremely powerful, which enable them for use in critical applications such as producing medical implants. Thus, high efficiency of deep hole drilling machines propels their requirement in the ever-growing medical industry, which drives growth of the deep hole drilling machines industry. Furthermore, inclusion of automation technologies in deep hole drilling machines has assisted in achieving highly precise manufacturing processes.
Features such as flexible automation, automatic tray handling, automatic pellet changing, and others reduce manufacturing time as well as help in reducing wastage of materials. This reduces manufacturing costs and increases productivity, which boosts growth of the deep hole drilling machines market.
However, unavailability of skilled labor in the manufacturing industry is one of the important restrains for growth of the deep hole drilling machines market. Deep hole drilling machines have complicated configurations, and achieving desirable results require extensive training of operators. Hence, lack of skilled labor restrains growth of the market. Moreover, fluctuations in raw material prices also hinders growth of the deep hole drilling machines market significantly. On the contrary, advancements in manufacturing machinery and industrial automation is anticipated to create a demand for highly precise deep hole drilling machines; which creates opportunities for growth of the deep hole drilling machines market.
The global deep hole drilling machines market is segmented on the basis of type, operation, end-user industry, business type, and region. By type, the deep hole drilling machines market is divided into BTA drilling machines, and gun drilling machines. According to operation, it is categorized into CNC and non-CNC. By end-user industry, it is classified into construction, mining, automotive, military & defense, oil & gas, energy, die mold, heat exchanger plate machining, medical, electronics, machine tool, and others. On the basis of business type, it is bifurcated into OEM and aftermarket. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Russia, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Vietnam, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
COMPETITION ANALYSIS
Key Market Players profiled in the report include Entrust Manufacturing Technologies, Inc (UNISIG), HONG JI Precision Machinery Ltd., Hochent (Shanghai) Machinery Development Co., Ltd. (HTT), KGD. Co., Ltd. (Korea Gundrill), I.M.S.A. S.r.l., Mollart Engineering Limited, TBT Tiefbohrtechnik GmbH + Co., TIBO Tiefbohrtechnik GmbH, Cheto Corporation S.A., Galbiati Costruzioni Meccaniche S.r.l., Loch Präzisions Bohrtechnik GmbH, Kennametal India Limited (WIDMA _Machining Solutions Group), Frankor Hydraulics, Kays Engineering Inc, and Precihole Machine Tools Pvt Ltd.
Many competitors in the deep hole drilling machines market adopted product launch as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in November 2019, the company TIBO Tiefbohrtechnik GmbH based in Germany launched the HMI gun drilling machine at the EMO 2019 exhibition. The new machine includes operable 15” touch panel, which enables easy-to-use programming and better supervision over the drilling process. The product launch is aimed at enhancing TIBO’s product portfolio globally. Similarly, in May 2020, the company UNISIG, a subsidiary of Entrust, launched two new models to its USC-M series of deep hole drilling machines. The models include USC-2M and USC-3M, which can perform both milling and gun drilling functions. The product launch is aimed at enhancing UNISIG’s product offering is an effort for committing toward consumer needs.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging global deep hole drilling machines market trends and dynamics.
- In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive deep hole drilling machines market opportunity analysis of all the countries is also provided in the report.
- The global deep hole drilling machines market forecast analysis from 2020 to 2027 is included in the report.
- The key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.
GLOBAL DEEP HOLE DRILLING MACHINES MARKET SEGMENTS
By TYPE
- BTA Drilling Machines
- Gun Drilling Machines
By OPERATION
- CNC
- Non-CNC
By END-USER INDUSTRY
- Construction
- Mining
- Oil & Gas
- Energy
- Automotive
- Military & Defense
- Die Mold
- Heat Exchanger Plate Machining
- Medical
- Electronics
- Machine Tool
- Others
By BUSINESS TYPE
- Original Equipment Manufacturer (OEM)
- Aftermarket
By REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Vietnam
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Entrust Manufacturing Technologies, Inc (UNISIG)
- HONG JI Precision Machinery Ltd.
- Hochent (Shanghai) Machinery Development Co., Ltd (HTT)
- KGD. Co., Ltd (Korea Gundrill)
- I.M.S.A. S.r.l.
- Mollart Engineering Limited
- TBT Tiefbohrtechnik GmbH + Co.
- TIBO Tiefbohrtechnik GmbH
- Cheto Corporation S.A.
- Galbiati Costruzioni Meccaniche S.r.l.
- Loch Präzisions Bohrtechnik GmbH
- Kennametal India Limited (WIDMA _Machining Solutions Group)
- Frankor Hydraulics
- Kays Engineering Inc
- Precihole Machine Tools Pvt Ltd.
Table of Contents
Methodology
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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