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
NEW YORK, Feb. 19, 2019 /PRNewswire/ -- 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, and Others) and Application Industry (Aerospace, Heavy Equipment, Automotive, Energy Industry, Military & Defense, Oil & Gas, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025
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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
Read the full report: https://www.reportlinker.com/p05698745
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