Drilling Machine market overview, market size estimation, key countries and emerging trends in the market segments

The Drilling Machine market size reached USD 22.02 billion in 2021 and is expected to reach USD 37.55 billion by 2029 Drilling Machine, growing at a CAGR of 6.9% during the forecast period. A drilling machine is a powerful tool that is used to drill holes into harder surfaces that are impossible to perform with manual force. It is used to make holes in various materials such as wood, aluminum, steel, and concrete. It comes in a variety of sizes, capacities, and purposes. These machines are used globally in the construction sector as well as for a variety of home repair and renovation activities because of their great efficiency and ease of use. It can be also used for excavating, fittings, and other connections in the building, manufacturing, and oil and gas industries.
Top Importer of Drilling Machines in 2020 Top Exporter of Drilling Machines in 2020
Country Value (In USD Million) Country Value (In USD Million)
China 358 Germany 542
US 336 Italy 317
Germany 173 China 309
Russia 113 Chinese Taipei 229
Canada 97.3 Spain 210
The emergence of new wireless or cordless battery-powered drills has resulted in a significant decrease in demand for hand-operated corded drill drivers, owing to advantages such as ease of use and greater convenience. Drilling machines are now also available in automated forms. The rising demand from various end-user sectors such as automotive, aerospace, and others throughout the world is fuelling the market's growth. Drilling Machine MarketTo know about the Research Methodology :- Request Free Sample Report

Drilling Machine Market Dynamics:

Rising Adoption of Robotic Drilling machines in the Oil and Gas Industry to Foster Market Growth Robotic drilling provides a superior solution for operations in the oil and gas industry. including faster drilling times, multi-sensor measurements, safer operations, and mass production. Companies specializing in robotic drilling produce both the physical components of robots and the software used to control and program them for use on oil and gas rigs. The adoption of automation in the oil and gas industry has dramatically increased due to advancements in data collection, increased precision and accuracy in operations, and increased worker safety. Furthermore, oil and gas rigs in deep seas, which have very variable climatic conditions, find that automation is optimal. A single worker can operate multiple automatic drilling and tapping machines at the same time, significantly increasing productivity and lowering labor costs. Machine technology advancements and government machine tool initiatives are expected to present the market with a profitable development opportunity. Furthermore, as environmental concerns and fossil fuel reserves grow, governments and regulatory organizations are focusing on increasing levels of automation in various industries. The automated drilling machine market is dominated by the United Kingdom, Germany, and France. The region's automated drilling machine market is likely to be driven by the introduction of advanced tech in automated drilling machine systems, as well as government and local manufacturing organization activities to raise awareness about the use of automation instead of manual labor. Increasing use of drilling machines in the Automotive Industry The growing demand from the automobile sector is a major factor driving the growth of the drilling machines market during the forecast period. Drilling machines play an important role in the automobile sector, where they are used to create automotive car components, frames, and so on. In the automotive sector, hole drilling is important. Hundreds of holes must be drilled during the manufacturing of each car such as in transmission shafts, engine blocks, airbag propellant chambers, camshafts, and other internal engine elements. According to industry experts, worldwide light vehicle manufacturing units have been remarkable, and this trend is expected to continue. In terms of production volumes, APAC is expected to grow at a faster rate, followed by North America. This scenario is expected to boost demand for drilling machine devices. 3D printing with precision drilling technology Manufacturers are focused on integrating 3-D printing with precision drilling technology. The purpose of 3-D printers is to reduce material consumption and development costs. Furthermore, technical breakthroughs such as milling and drilling machines, which are increasingly being used by end-use sectors that require liquid and solid material mixing and grinding are expected to give considerable market opportunities during the forecast period. Drilling Machine market Restraint High manufacturing costs may hamper the growth of the Drilling Machine market. Automated machines are likely to be a significant source of a company's operating costs. Depending on the type and degree of automation, automated devices can range in price from thousands to millions of dollars. Another obstacle is the pollution that such devices produce. Different types of machines require a motor, which may or may not use gases or chemicals. This may increase workplace pollution.

Drilling Machine Market Segment Analysis:

Based on Product, the Deep Hole Drilling Machine segment held the largest market share in total Drilling Machine market, accounting for 39.7% in 2021. Due to increased demand for drilling deep holes in a variety of machines and equipment across the aerospace, automotive, military & defense, and oil & gas industries, the deep hole drilling machine segment boosting the market growth. Precihole Machine Tools is a global provider of Deep Hole Drilling and Hole Finishing Solutions with a global presence in sectors such as Defense and Firearms, Oil & Gas, Automotive, Aerospace, Medical Implants, Seamless Tube Manufacturing, Energy, Die and Mold, Hydraulic Cylinders, and others. Drilling Machine MarketBased on Application, the Drilling Machine Market is segmented into Electronics & Semiconductors, Medical, Aerospace & Defense, Automotive, Food & Beverages, Oil & Gas, and Others. The Automotive segment held the largest market share, accounting for 29.47% in 2021. The increased demand from the vehicle sector is the main driver of drilling machine growth. Drilling machines play an important role in the automobile sector, where they are used for a number of jobs such as creating automotive car components, frames, and so on. Hole drilling is essential in the automobile sector. Hundreds of holes must be drilled in transmission shafts, engine blocks, airbag propellant chambers, camshafts, and other internal engine elements throughout the manufacturing process. As a consequence, product adoption in the automotive industry is likely to drive market growth over the forecast period.

Drilling Machine MarketDrilling Machine Market Regional Insights

Asia-Pacific accounts for the largest share of the global drilling machine market and is expected to develop at a considerable CAGR during the forecast period. China has pioneered the drilling machine market and will have the largest market share throughout the forecast period. Furthermore, the China market is experiencing significant growth as a result of the region's growing machine manufacturing industry. According to the report, drilling machine manufacturers should align their distribution channels to focus on rising markets by supporting emerging manufacturing sectors in order to boost their sales. However, the European market is struggling to maintain its rise in the drilling machine industry. Rapid urbanization, industrialization, high disposable income, and increased R&D activities associated with technological advancement are some of the factors expected to fuel demand for Drilling Machines. North America is the largest contributor to global drilling equipment market revenue and is expected to grow at an 8.6% CAGR during the forecast period. The North American region, particularly the United States and Canada, generates the most demand. The increased usage of drilling machine automation is the key factor driving the growth of the robotic drilling equipment market. There are approximately 420 oil and gas rigs in North America, with several more being updated and switched to automation. These factors increase the demand for drilling equipment in this region. The Drilling Machine Market report forecasts revenue growth at global, and country levels and provides an analysis of the latest industry trends in each of the sub-segments during the forecast period. MMR has segmented the global Drilling Machine Market report based on Application, Products, Therapeutic Area, Techniques, and region. The report contains strategic profiling of top key players in the market, a wide-ranging analysis of their core competencies, and their strategies like new product launches, growths, agreements, joint ventures, partnerships, and acquisitions that apply to the businesses. Our team of analysts can also provide you with data in excel files and pivot tables or can assist you in creating presentations from the data sets available in the report.

Drilling Machine Market Scope: Inquiry Before Buying

Drilling Machine Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 22.02 Bn.
Forecast Period 2022 to 2029 CAGR: 6.9% Market Size in 2029: US $ 37.55 Bn.
Segments Covered: by Product • Upright Drilling Machine • Radial Drilling Machine • Gang Drilling Machine • Multiple Spindle Drilling Machine • Deep Hole Drilling Machine • Others
by Application • Aerospace • Heavy Equipment • Automotive • Energy Industry • Military & Defense • Oil & Gas • Others

Drilling Machine Market, by Region

• North America • Europex • Asia Pacific • Middle East and Africa • South America

Drilling Machine Manufacturing companies are:

• 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 FAQs: 1. Who are the key players in the Drilling Machine market? Ans. Gate Machinery International, Hsin Geeli Hardware Enterprise, and Alpen-Maykestag G. are some of the market players in the Drilling Machine industry. 2. Which Product segment dominates the Drilling Machine market? Ans. The Radial Drilling Machine segment accounted for the largest share of the global Drilling Machine market in 2021. 3. How big is the Drilling Machine market? Ans. The global Drilling Machine market size reached USD 22.02 billion in 2021 and is expected to reach USD 37.55 billion by 2029 Drilling Machine, growing at a CAGR of 6.9 % during the forecast period. 4. What are the key regions in the global Drilling Machine market? Ans. Based On the region, the market has been classified into North America, Europe, Asia Pacific, Middle, East and Africa, and Latin America. North America dominates the global Drilling Machine market.
1. Global Drilling Machine Market: Research Methodology 2. Global Drilling Machine Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Drilling Machine Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Drilling Machine Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Drilling Machine Market Segmentation 4.1. Global Drilling Machine Market, by Product (2021-2029) • Upright Drilling Machine • Radial Drilling Machine • Gang Drilling Machine • Multiple Spindle Drilling Machine • Deep Hole Drilling Machine • Others 4.2. Global Drilling Machine Market, by Application (2021-2029) • Aerospace • Heavy Equipment • Automotive • Energy Industry • Military & Defense • Oil & Gas • Others 5. North America Drilling Machine Market(2021-2029) 5.1 North American Drilling Machine Market, by Product (2021-2029) • Upright Drilling Machine • Radial Drilling Machine • Gang Drilling Machine • Multiple Spindle Drilling Machine • Deep Hole Drilling Machine • Others 5.2 North America Drilling Machine Market, by Application (2021-2029) • Aerospace • Heavy Equipment • Automotive • Energy Industry • Military & Defense • Oil & Gas • Others 5.3 North America Drilling Machine Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Drilling Machine Market (2021-2029) 6.1. European Drilling Machine Market, by Product (2021-2029) 6.2. European Drilling Machine Market, by Application (2021-2029) 6.3 European Drilling Machine Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Drilling Machine Market (2021-2029) 7.1. Asia Pacific Drilling Machine Market, by Product (2021-2029) 7.2. Asia Pacific Drilling Machine Market, by Application (2021-2029) 7.3. Asia Pacific Drilling Machine Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Drilling Machine Market (2021-2029) 8.1. Middle East and Africa Drilling Machine Market, by Product (2021-2029) 8.2. Middle East and Africa Drilling Machine Market, by Application (2021-2029) 8.3. Middle East and Africa Drilling Machine Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Drilling Machine Market (2021-2029) 9.1. South America Drilling Machine Market, by Product (2021-2029) 9.2. South America Drilling Machine Market, by Application (2021-2029) 9.3 South America Drilling Machine Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Gate Machinery International 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Hsin Geeli Hardware Enterprise 10.3 Alpen-Maykestag G 10.4 Kaufman 10.5 Microlution 10.6 Minitool 10.7 MTI 10.8 Roku 10.9 Scantool 10.10 Taiwan Winnerstech Machinery 10.11 Tongtai Machine & Tool 10.12 Yamazaki Mazak 10.13 Dalian Machine Tool Group Corporation SMTCL 10.14 Ernst Lenz Maschinenbau 10.15 Cameron Micro Drill Presses 10.16 Ernst Lenz Maschi 10.17 Fives Landis 10.18 Forma 10.19 Gate Machinery International 10.20 Hsin Geeli Hardware Enterprise 10.21 DATRON AG 10.22 DMG MORI 10.23 Fehlmann AG 10.24 Cameron Micro Drill Presses

About This Report

Report ID 25338
Category Engineering Equipment
Published Date Nov 2022
Updated Date
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