Automated Drilling Machine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
The Automated Drilling Machine Market refers to machines that automate the drilling process in various industries, such as construction, mining, and oil & gas. These machines are designed to increase efficiency and accuracy, reduce labor costs, and minimize the risk of human error. Automated drilling machines are equipped with advanced features such as automated tool changes, automatic depth control, and real-time data monitoring. The increasing demand for efficient and cost-effective drilling solutions, particularly in the oil & gas and mining industries, is driving the growth of the automated drilling machine market.
MARKET DYNAMICS
The key market drivers for automated drilling machine market are, growing need and utilization of automation in various industry verticals such as, automobile, oil and gas, steel industry along with this the automation process help to minimize the labor involvement in the process thereby reducing workplace accidents. Moreover, automated drilling machines help to minimize operation error thereby increasing efficiency is expected to boost market growth during the forecast period. Whereas, stringent safety standards, norms, are expected to restrict growth of automated drilling machine market.
MARKET SCOPE
The "Global Automated Drilling Machine Market Analysis to 2031" is a specialized and in-depth study of the automated drilling machine Market with a special focus on the global market trend analysis. The report aims to provide an overview of automated drilling machine market with detailed market segmentation by automation level and end use industry. The global automated drilling machine market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automated drilling machine market player and offers key trends and opportunities in the automated drilling machine market.
MARKET SEGMENTATION
The global automated drilling machine market is segmented on the basis of automation level and end use industry. On the basis of automation level the market is segmented as, semi-automatic and fully-automatic. And on the basis of end use industry the market is segmented as, oil and gas industry, automotive industry, and steel industry.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automated drilling machine market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automated drilling machine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automated drilling machine Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automated drilling machine market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automated drilling machine market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automated drilling machine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automated drilling machine Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automated drilling machine market in these regions.
MARKET PLAYERS
The reports cover key developments in the automated drilling machine market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automated drilling machine market are anticipated to lucrative growth opportunities in the future with the rising demand for automated drilling machine market. Below mentioned is the list of few companies engaged in the automated drilling machine market.
The report also includes the profiles of key automated drilling machine market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- FANUC America Corporation
- Yaskawa America, Inc
- AAB
- KUKA AG
- National Oilwell Varco
- Weatherford International
- Nabors Industries Ltd
- Ensign Energy Services Inc
- Huisman Equipment B.V
- Drillmec, Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automated Drilling Machine Market - By Automation Level
1.3.2 Automated Drilling Machine Market - By End-Use Industry
1.3.3 Automated Drilling Machine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMATED DRILLING MACHINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMATED DRILLING MACHINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMATED DRILLING MACHINE MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMATED DRILLING MACHINE - GLOBAL MARKET OVERVIEW
6.2. AUTOMATED DRILLING MACHINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMATED DRILLING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - AUTOMATION LEVEL
7.1. OVERVIEW
7.2. AUTOMATION LEVEL MARKET FORECASTS AND ANALYSIS
7.3. SEMI-AUTOMATIC
7.3.1. Overview
7.3.2. Semi-Automatic Market Forecast and Analysis
7.4. FULLY-AUTOMATIC
7.4.1. Overview
7.4.2. Fully-Automatic Market Forecast and Analysis
8. AUTOMATED DRILLING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1. OVERVIEW
8.2. END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. OIL AND GAS INDUSTRY
8.3.1. Overview
8.3.2. Oil and Gas Industry Market Forecast and Analysis
8.4. AUTOMOTIVE INDUSTRY
8.4.1. Overview
8.4.2. Automotive Industry Market Forecast and Analysis
8.5. STEEL INDUSTRY
8.5.1. Overview
8.5.2. Steel Industry Market Forecast and Analysis
9. AUTOMATED DRILLING MACHINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automated Drilling Machine Market Overview
9.1.2 North America Automated Drilling Machine Market Forecasts and Analysis
9.1.3 North America Automated Drilling Machine Market Forecasts and Analysis - By Automation Level
9.1.4 North America Automated Drilling Machine Market Forecasts and Analysis - By End-Use Industry
9.1.5 North America Automated Drilling Machine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automated Drilling Machine Market
9.1.5.1.1 United States Automated Drilling Machine Market by Automation Level
9.1.5.1.2 United States Automated Drilling Machine Market by End-Use Industry
9.1.5.2 Canada Automated Drilling Machine Market
9.1.5.2.1 Canada Automated Drilling Machine Market by Automation Level
9.1.5.2.2 Canada Automated Drilling Machine Market by End-Use Industry
9.1.5.3 Mexico Automated Drilling Machine Market
9.1.5.3.1 Mexico Automated Drilling Machine Market by Automation Level
9.1.5.3.2 Mexico Automated Drilling Machine Market by End-Use Industry
9.2. EUROPE
9.2.1 Europe Automated Drilling Machine Market Overview
9.2.2 Europe Automated Drilling Machine Market Forecasts and Analysis
9.2.3 Europe Automated Drilling Machine Market Forecasts and Analysis - By Automation Level
9.2.4 Europe Automated Drilling Machine Market Forecasts and Analysis - By End-Use Industry
9.2.5 Europe Automated Drilling Machine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automated Drilling Machine Market
9.2.5.1.1 Germany Automated Drilling Machine Market by Automation Level
9.2.5.1.2 Germany Automated Drilling Machine Market by End-Use Industry
9.2.5.2 France Automated Drilling Machine Market
9.2.5.2.1 France Automated Drilling Machine Market by Automation Level
9.2.5.2.2 France Automated Drilling Machine Market by End-Use Industry
9.2.5.3 Italy Automated Drilling Machine Market
9.2.5.3.1 Italy Automated Drilling Machine Market by Automation Level
9.2.5.3.2 Italy Automated Drilling Machine Market by End-Use Industry
9.2.5.4 United Kingdom Automated Drilling Machine Market
9.2.5.4.1 United Kingdom Automated Drilling Machine Market by Automation Level
9.2.5.4.2 United Kingdom Automated Drilling Machine Market by End-Use Industry
9.2.5.5 Russia Automated Drilling Machine Market
9.2.5.5.1 Russia Automated Drilling Machine Market by Automation Level
9.2.5.5.2 Russia Automated Drilling Machine Market by End-Use Industry
9.2.5.6 Rest of Europe Automated Drilling Machine Market
9.2.5.6.1 Rest of Europe Automated Drilling Machine Market by Automation Level
9.2.5.6.2 Rest of Europe Automated Drilling Machine Market by End-Use Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automated Drilling Machine Market Overview
9.3.2 Asia-Pacific Automated Drilling Machine Market Forecasts and Analysis
9.3.3 Asia-Pacific Automated Drilling Machine Market Forecasts and Analysis - By Automation Level
9.3.4 Asia-Pacific Automated Drilling Machine Market Forecasts and Analysis - By End-Use Industry
9.3.5 Asia-Pacific Automated Drilling Machine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automated Drilling Machine Market
9.3.5.1.1 Australia Automated Drilling Machine Market by Automation Level
9.3.5.1.2 Australia Automated Drilling Machine Market by End-Use Industry
9.3.5.2 China Automated Drilling Machine Market
9.3.5.2.1 China Automated Drilling Machine Market by Automation Level
9.3.5.2.2 China Automated Drilling Machine Market by End-Use Industry
9.3.5.3 India Automated Drilling Machine Market
9.3.5.3.1 India Automated Drilling Machine Market by Automation Level
9.3.5.3.2 India Automated Drilling Machine Market by End-Use Industry
9.3.5.4 Japan Automated Drilling Machine Market
9.3.5.4.1 Japan Automated Drilling Machine Market by Automation Level
9.3.5.4.2 Japan Automated Drilling Machine Market by End-Use Industry
9.3.5.5 South Korea Automated Drilling Machine Market
9.3.5.5.1 South Korea Automated Drilling Machine Market by Automation Level
9.3.5.5.2 South Korea Automated Drilling Machine Market by End-Use Industry
9.3.5.6 Rest of Asia-Pacific Automated Drilling Machine Market
9.3.5.6.1 Rest of Asia-Pacific Automated Drilling Machine Market by Automation Level
9.3.5.6.2 Rest of Asia-Pacific Automated Drilling Machine Market by End-Use Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automated Drilling Machine Market Overview
9.4.2 Middle East and Africa Automated Drilling Machine Market Forecasts and Analysis
9.4.3 Middle East and Africa Automated Drilling Machine Market Forecasts and Analysis - By Automation Level
9.4.4 Middle East and Africa Automated Drilling Machine Market Forecasts and Analysis - By End-Use Industry
9.4.5 Middle East and Africa Automated Drilling Machine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automated Drilling Machine Market
9.4.5.1.1 South Africa Automated Drilling Machine Market by Automation Level
9.4.5.1.2 South Africa Automated Drilling Machine Market by End-Use Industry
9.4.5.2 Saudi Arabia Automated Drilling Machine Market
9.4.5.2.1 Saudi Arabia Automated Drilling Machine Market by Automation Level
9.4.5.2.2 Saudi Arabia Automated Drilling Machine Market by End-Use Industry
9.4.5.3 U.A.E Automated Drilling Machine Market
9.4.5.3.1 U.A.E Automated Drilling Machine Market by Automation Level
9.4.5.3.2 U.A.E Automated Drilling Machine Market by End-Use Industry
9.4.5.4 Rest of Middle East and Africa Automated Drilling Machine Market
9.4.5.4.1 Rest of Middle East and Africa Automated Drilling Machine Market by Automation Level
9.4.5.4.2 Rest of Middle East and Africa Automated Drilling Machine Market by End-Use Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automated Drilling Machine Market Overview
9.5.2 South and Central America Automated Drilling Machine Market Forecasts and Analysis
9.5.3 South and Central America Automated Drilling Machine Market Forecasts and Analysis - By Automation Level
9.5.4 South and Central America Automated Drilling Machine Market Forecasts and Analysis - By End-Use Industry
9.5.5 South and Central America Automated Drilling Machine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automated Drilling Machine Market
9.5.5.1.1 Brazil Automated Drilling Machine Market by Automation Level
9.5.5.1.2 Brazil Automated Drilling Machine Market by End-Use Industry
9.5.5.2 Argentina Automated Drilling Machine Market
9.5.5.2.1 Argentina Automated Drilling Machine Market by Automation Level
9.5.5.2.2 Argentina Automated Drilling Machine Market by End-Use Industry
9.5.5.3 Rest of South and Central America Automated Drilling Machine Market
9.5.5.3.1 Rest of South and Central America Automated Drilling Machine Market by Automation Level
9.5.5.3.2 Rest of South and Central America Automated Drilling Machine Market by End-Use Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTOMATED DRILLING MACHINE MARKET, KEY COMPANY PROFILES
11.1. FANUC AMERICA CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. YASKAWA AMERICA, INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AAB
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KUKA AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NATIONAL OILWELL VARCO
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. WEATHERFORD INTERNATIONAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NABORS INDUSTRIES LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ENSIGN ENERGY SERVICES INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HUISMAN EQUIPMENT B.V
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. DRILLMEC, INC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- FANUC America Corporation
- Yaskawa America, Inc
- AAB
- KUKA AG
- National Oilwell Varco
- Weatherford International
- Nabors Industries Ltd
- Ensign Energy Services Inc
- Huisman Equipment B.V
- Drillmec, Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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