Power Portable Magnetic Drill Market Report 2026

The power portable magnetic drill market size has grown strongly in recent years. It will grow from $1.33 billion in 2025 to $1.44 billion in 2026 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to growth in steel construction, expansion of fabrication workshops, demand for portable drilling solutions, infrastructure development projects, maintenance of industrial equipment.

The power portable magnetic drill market size is expected to see strong growth in the next few years. It will grow to $1.99 billion in 2030 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to growth in industrial automation, adoption of cordless power tools, expansion of infrastructure investments, demand for precision drilling, increase in metalworking activities. Major trends in the forecast period include rising demand for on-site metal drilling, growing adoption of cordless magnetic drills, expansion in heavy duty fabrication work, increasing use in infrastructure projects, preference for compact high torque designs.

The rising infrastructure and construction projects are expected to drive the growth of the portable magnetic power drill market in the coming years. Infrastructure and construction projects encompass large-scale developments such as roads, bridges, utilities, and public buildings that are vital for supporting economic growth and enhancing societal living standards. The increase in these projects is fueled by rapid urbanization, as expanding cities need new roads, housing, and public utilities to accommodate growing populations and improve living conditions. Portable magnetic power drills play a crucial role in such projects by enabling precise and stable drilling on vertical or overhead steel surfaces, especially in confined or elevated locations. For example, in July 2025, the Office for National Statistics, a UK government department, reported that in 2024, the regions of Yorkshire and the Humber, the East, and Scotland experienced the highest annual growth in new infrastructure construction, with increases of 26%, 19.3%, and 14.2%, respectively. Hence, the growth of infrastructure and construction projects is boosting the demand for portable magnetic power drills.

The rising adoption of automation in metalworking processes is expected to drive the growth of the portable magnetic power drill market going forward. Automation in metalworking involves the use of advanced manufacturing technologies such as robots, CNC (computer numerical control) systems, and automated machine tools to perform machining, welding, cutting, and other fabrication tasks with enhanced speed and precision. The increased adoption of automation is primarily driven by the need for higher productivity, as manufacturers rely on automated systems to complete machining and fabrication operations faster and more accurately. Portable magnetic power drills support automation in metalworking by providing precise, stable, and efficient on-site drilling in areas where automated systems cannot operate, ensuring continuous workflow for fabrication, installation, and maintenance tasks. For example, in April 2024, the International Federation of Robotics, a Germany-based international organization, reported that in the United States, total industrial robot installations rose 12% to 44,303 units in 2023, reflecting significant automation growth. Therefore, the rising adoption of automation in metalworking processes is fueling the growth of the portable magnetic power drill market.

Key players in the power portable magnetic drill market are focusing on launching innovative products such as ultra-low-profile pneumatic magnetic drilling machines to improve accessibility in confined spaces, enhance operational efficiency, and ensure safety in industrial environments where electric tools may be hazardous. These low-profile pneumatic magnetic drills are compact, air-powered devices designed for use in tight or hard-to-reach areas, providing a safe and effective solution where electric power tools pose risks. For instance, in July 2024, PROMOTECH Sp. z o.o., a Poland-based tool manufacturer, introduced the PRO-40 AD ATEX, an ultra-low-profile pneumatic magnetic drilling machine intended for hazardous and explosive environments where electric tools are prohibited. This ATEX-certified drill is equipped with a powerful pneumatic motor and a permanent magnetic base, enabling safe, spark-free operation on metal surfaces, including painted or rusted ones. It can drill holes up to 40 mm with annular cutters and 16 mm with twist drill bits (19 mm Weldon shank). Compact and portable with a height of just 185 mm, the PRO-40 AD ATEX is well-suited for confined spaces in sectors such as oil rigs, refineries, shipbuilding, and petrochemical plants.

Major companies operating in the power portable magnetic drill market are Makita Corporation, DeWalt Industrial Tool Company, Milwaukee Electric Tool Corporation, Chicago Pneumatic Tool Company, Nitto Kohki Co. Ltd., C. & E. Fein GmbH, Hougen Manufacturing Inc., Metabo HPT LLC, Evolution Power Tools (USA) Inc., Promotech Sp. z o.o., Champion Cutting Tool Corp., CS Unitec Inc., Euroboor International B.V., MacTech Offshore Inc., Karnasch Professional Tools GmbH, BDS Maschinen GmbH, Rotabroach UK Ltd., UNIBOR Professional Tooling Ltd., Cleveland Steel Tool Company, Steelmax Tools LLC, Alfra GmbH, Kanetec Co. Ltd.

Europe was the largest region in the power portable magnetic drill market in 2025. The regions covered in the power portable magnetic drill market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the power portable magnetic drill market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The power portable magnetic drill market consists of sales of products, including annular cutters, cutting oil, safety chains or straps, tapping attachments, and ejector pins. Values in this market are ‘factory gate’ values; that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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