Drilling Machine Market – Industry Analysis and Forecast


  • Global Drilling Machine Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during a forecast period.

    The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

     

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    Global Drilling Machine Market Dynamics

    Drilling machines are used for many applications such as drilling, tapping holes, reaming, and counterboring in wood and metals, which are widely used in the production-heavy equipment includes machines for the construction and packaging industry. Woodwork for uptown and non-residential applications requires lightweight portable drilling machines. The drilling machine offers accuracy in drilling holes to a specific depth and size.
    Global Drilling Machine Market Segment Analysis

    The deep hole drilling machine segment was the major contributor in 2017 and is projected to grow at a high rate of CAGR in the drilling machine market during the forecast period. The growth in the market is attributed to an upsurge in demand for drilling deep holes in an extensive variety of machines and equipment across the end-user industries such as aerospace, automotive, military & defense, and oil & gas industries. These machines are exclusive but are essential in every sector in the industrial equipment industry. Generally, these types of equipment are manufactured by heavy metals, thus the variation in raw material prices affects the overall estimating of drilling and milling machines.
    Global Drilling Machine Market Regional Insights

    Geographically, Asia Pacific is expected to share significant growth in the global drilling machine market. The growth can be attributed to the existence of a machine market that is factory-made at a large scale to complete the industry demand. China is the dominant country in the drilling machine market and expected to hold a high market share during the forecast period.

    Additionally, there is substantial growth in the China drilling machine market owing to the expansion of the machine manufacturing industry in the region. Rapid industrialization in the Asia-Pacific region energies the demand for drilling machines in this region. The countries such as Venezuela, Kuwait, Saudi Arabia, UAE, Canada, Iran, and Iraq are expected to witness major growth over the forecast period owing to a finding of new oil reserves in these areas.

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    Global Drilling Machine Market, by Type

    • Sensitive Drilling Machine
    • Upright Drilling Machine
    • Radial Drilling Machine
    • Gang Drilling Machine
    • Multiple Spindle Drilling Machine
    • Deep Hole Drilling Machine
    • Others
    Global Drilling Machine Market, by Application

    • Aerospace
    • Heavy Equipment
    • Automotive
    • Energy Industry
    • Military & Defense
    • Oil & Gas
    • Others
    Global Drilling Machine Market, by Geography

    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
    Global Drilling Machine Market Key Players

    • Gate Machinery International
    • Hsin Geeli Hardware Enterprise
    • Alpen-Maykestag G
    • Kaufman
    • Microlution
    • Minitool
    • MTI
    • Roku
    • Scantool
    • Taiwan Winnerstech Machinery
    • Tongtai Machine & Tool
    • Yamazaki Mazak
    • Dalian Machine Tool Group Corporation SMTCL
    • Ernst Lenz Maschinenbau
    • Cameron Micro Drill Presses
    • Ernst Lenz Maschi
    • Fives Landis
    • Forma
    • Gate Machinery International
    • Hsin Geeli Hardware Enterprise
    • DATRON AG
    • DMG MORI
    • Fehlmann AG
    • Cameron Micro Drill Presses

     

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