Drilling Machine Market Analysis 2021-2031
The Drilling Machine Market is expected to register a CAGR of 5.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Sensitive Drilling Machine, Upright Drilling Machine, Radial Drilling Machine, Gang Drilling Machine, Multiple Spindle Drilling Machine, Deep Hole Drilling Machine, Others). The report further presents analysis based on the Application (Aerospace, Heavy Equipment, Automotive, Energy Industry, Military and Defense, Oil and Gas, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Drilling Machine Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Drilling Machine Market Segmentation
Type- Sensitive Drilling Machine
- Upright Drilling Machine
- Radial Drilling Machine
- Gang Drilling Machine
- Multiple Spindle Drilling Machine
- Deep Hole Drilling Machine
- Others
- Aerospace
- Heavy Equipment
- Automotive
- Energy Industry
- Military and Defense
- Oil and Gas
- Others
Strategic Insights
Drilling Machine Market Growth Drivers- Rising Demand in End-User Industries: The highly growing demand from different end-user industries such as construction, automotive, mining, and oil & gas is significantly contributing to the market for drilling machines. As they scale up, the large need for efficient and reliable drilling operations fuel the growth of the market.
- Fabricated Metal Products are on the Rise: There is a greater demand for fabricated metal products. One of the contributing factors to the market for drilling machines is the rise in demand due to ongoing industrialization and infrastructure, which will require advanced drilling solutions to meet their production requirements.
- Technological progress: The market opens the door for manufacturers to innovate and introduce sophisticated technologies to set higher standards in drilling, such as automated or smart drilling machines. These innovations might mean efficiency, precision, and safety, which attracts a broader customer base looking for a modern solution.
- Emerging Markets Expansion: Given the rapidly expanding emerging markets, especially within the Asia-Pacific and African regions, offers a wonderful opportunity for expansion in the drilling machine market. Increasing industrialization and investments in infrastructure projects are likely to spur drilling machine demand, thereby providing an excellent growth prospect for the market's players.
- Shift to Energy Efficiency: Trends in the use of energy-efficient drills are building up as industries look for further reductions in operating costs and environmental footprints. As manufacturers develop more "energy efficiency" approaches, in conjunction with efforts to maintain high performance, these machines with less energy usage are being developed for global sustainability goals.
- Increased Use of CNC Drilling Machines: In the last few decades, Computer Numerical Control (CNC) drilling machines have gained popularity because of accuracy and automation in drilling procedures. Therefore, it points toward developing highly complex manufacturing technologies with higher productivity and reduced human error.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Drilling Machine Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Drilling Machine Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Drilling Machine Market include Cameron Micro Drill Presses, CHUAN KING SANG MACHINERY CO., LTD., DATRON AG, DMG MORI, ERNST LENZ Maschinenbau GmbH, Fehlmann AG, Gate Machinery International Limited, NewTech Drilling Products LLC, Om International Machine Tools, S.K.Industries
Shift to Energy Efficiency and Increased Use of CNC Drilling Machines are the key future trends of the Drilling Machine Market
The Drilling Machine Market is estimated to witness a CAGR of 5.5% from 2023 to 2031
The major factors driving the Drilling Machine Market are: Rising Demand in End-User Industries and Fabricated Metal Products are on the Rise.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Drilling Machine Market - By Type
1.3.2 Drilling Machine Market - By Application
1.3.3 Drilling Machine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DRILLING MACHINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. DRILLING MACHINE MARKET - GLOBAL MARKET ANALYSIS
6.1. DRILLING MACHINE - GLOBAL MARKET OVERVIEW
6.2. DRILLING MACHINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DRILLING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SENSITIVE DRILLING MACHINE
7.3.1. Overview
7.3.2. Sensitive Drilling Machine Market Forecast and Analysis
7.4. UPRIGHT DRILLING MACHINE
7.4.1. Overview
7.4.2. Upright Drilling Machine Market Forecast and Analysis
7.5. RADIAL DRILLING MACHINE
7.5.1. Overview
7.5.2. Radial Drilling Machine Market Forecast and Analysis
7.6. GANG DRILLING MACHINE
7.6.1. Overview
7.6.2. Gang Drilling Machine Market Forecast and Analysis
7.7. MULTIPLE SPINDLE DRILLING MACHINE
7.7.1. Overview
7.7.2. Multiple Spindle Drilling Machine Market Forecast and Analysis
7.8. DEEP HOLE DRILLING MACHINE
7.8.1. Overview
7.8.2. Deep Hole Drilling Machine Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. DRILLING MACHINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AEROSPACE
8.3.1. Overview
8.3.2. Aerospace Market Forecast and Analysis
8.4. HEAVY EQUIPMENT
8.4.1. Overview
8.4.2. Heavy Equipment Market Forecast and Analysis
8.5. AUTOMOTIVE
8.5.1. Overview
8.5.2. Automotive Market Forecast and Analysis
8.6. ENERGY INDUSTRY
8.6.1. Overview
8.6.2. Energy Industry Market Forecast and Analysis
8.7. MILITARY AND DEFENSE
8.7.1. Overview
8.7.2. Military and Defense Market Forecast and Analysis
8.8. OIL AND GAS
8.8.1. Overview
8.8.2. Oil and Gas Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. DRILLING MACHINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Drilling Machine Market Overview
9.1.2 North America Drilling Machine Market Forecasts and Analysis
9.1.3 North America Drilling Machine Market Forecasts and Analysis - By Type
9.1.4 North America Drilling Machine Market Forecasts and Analysis - By Application
9.1.5 North America Drilling Machine Market Forecasts and Analysis - By Countries
9.1.5.1 United States Drilling Machine Market
9.1.5.1.1 United States Drilling Machine Market by Type
9.1.5.1.2 United States Drilling Machine Market by Application
9.1.5.2 Canada Drilling Machine Market
9.1.5.2.1 Canada Drilling Machine Market by Type
9.1.5.2.2 Canada Drilling Machine Market by Application
9.1.5.3 Mexico Drilling Machine Market
9.1.5.3.1 Mexico Drilling Machine Market by Type
9.1.5.3.2 Mexico Drilling Machine Market by Application
9.2. EUROPE
9.2.1 Europe Drilling Machine Market Overview
9.2.2 Europe Drilling Machine Market Forecasts and Analysis
9.2.3 Europe Drilling Machine Market Forecasts and Analysis - By Type
9.2.4 Europe Drilling Machine Market Forecasts and Analysis - By Application
9.2.5 Europe Drilling Machine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Drilling Machine Market
9.2.5.1.1 Germany Drilling Machine Market by Type
9.2.5.1.2 Germany Drilling Machine Market by Application
9.2.5.2 France Drilling Machine Market
9.2.5.2.1 France Drilling Machine Market by Type
9.2.5.2.2 France Drilling Machine Market by Application
9.2.5.3 Italy Drilling Machine Market
9.2.5.3.1 Italy Drilling Machine Market by Type
9.2.5.3.2 Italy Drilling Machine Market by Application
9.2.5.4 United Kingdom Drilling Machine Market
9.2.5.4.1 United Kingdom Drilling Machine Market by Type
9.2.5.4.2 United Kingdom Drilling Machine Market by Application
9.2.5.5 Russia Drilling Machine Market
9.2.5.5.1 Russia Drilling Machine Market by Type
9.2.5.5.2 Russia Drilling Machine Market by Application
9.2.5.6 Rest of Europe Drilling Machine Market
9.2.5.6.1 Rest of Europe Drilling Machine Market by Type
9.2.5.6.2 Rest of Europe Drilling Machine Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Drilling Machine Market Overview
9.3.2 Asia-Pacific Drilling Machine Market Forecasts and Analysis
9.3.3 Asia-Pacific Drilling Machine Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Drilling Machine Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Drilling Machine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Drilling Machine Market
9.3.5.1.1 Australia Drilling Machine Market by Type
9.3.5.1.2 Australia Drilling Machine Market by Application
9.3.5.2 China Drilling Machine Market
9.3.5.2.1 China Drilling Machine Market by Type
9.3.5.2.2 China Drilling Machine Market by Application
9.3.5.3 India Drilling Machine Market
9.3.5.3.1 India Drilling Machine Market by Type
9.3.5.3.2 India Drilling Machine Market by Application
9.3.5.4 Japan Drilling Machine Market
9.3.5.4.1 Japan Drilling Machine Market by Type
9.3.5.4.2 Japan Drilling Machine Market by Application
9.3.5.5 South Korea Drilling Machine Market
9.3.5.5.1 South Korea Drilling Machine Market by Type
9.3.5.5.2 South Korea Drilling Machine Market by Application
9.3.5.6 Rest of Asia-Pacific Drilling Machine Market
9.3.5.6.1 Rest of Asia-Pacific Drilling Machine Market by Type
9.3.5.6.2 Rest of Asia-Pacific Drilling Machine Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Drilling Machine Market Overview
9.4.2 Middle East and Africa Drilling Machine Market Forecasts and Analysis
9.4.3 Middle East and Africa Drilling Machine Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Drilling Machine Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Drilling Machine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Drilling Machine Market
9.4.5.1.1 South Africa Drilling Machine Market by Type
9.4.5.1.2 South Africa Drilling Machine Market by Application
9.4.5.2 Saudi Arabia Drilling Machine Market
9.4.5.2.1 Saudi Arabia Drilling Machine Market by Type
9.4.5.2.2 Saudi Arabia Drilling Machine Market by Application
9.4.5.3 U.A.E Drilling Machine Market
9.4.5.3.1 U.A.E Drilling Machine Market by Type
9.4.5.3.2 U.A.E Drilling Machine Market by Application
9.4.5.4 Rest of Middle East and Africa Drilling Machine Market
9.4.5.4.1 Rest of Middle East and Africa Drilling Machine Market by Type
9.4.5.4.2 Rest of Middle East and Africa Drilling Machine Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Drilling Machine Market Overview
9.5.2 South and Central America Drilling Machine Market Forecasts and Analysis
9.5.3 South and Central America Drilling Machine Market Forecasts and Analysis - By Type
9.5.4 South and Central America Drilling Machine Market Forecasts and Analysis - By Application
9.5.5 South and Central America Drilling Machine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Drilling Machine Market
9.5.5.1.1 Brazil Drilling Machine Market by Type
9.5.5.1.2 Brazil Drilling Machine Market by Application
9.5.5.2 Argentina Drilling Machine Market
9.5.5.2.1 Argentina Drilling Machine Market by Type
9.5.5.2.2 Argentina Drilling Machine Market by Application
9.5.5.3 Rest of South and Central America Drilling Machine Market
9.5.5.3.1 Rest of South and Central America Drilling Machine Market by Type
9.5.5.3.2 Rest of South and Central America Drilling Machine Market by Application
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. DRILLING MACHINE MARKET, KEY COMPANY PROFILES
11.1. CAMERON MICRO DRILL PRESSES
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. CHUAN KING SANG MACHINERY CO., LTD.
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. DATRON AG
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. DMG MORI
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. ERNST LENZ MASCHINENBAU GMBH
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. FEHLMANN AG
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. GATE MACHINERY INTERNATIONAL LIMITED
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. NEWTECH DRILLING PRODUCTS LLC
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. OM INTERNATIONAL MACHINE TOOLS
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. S.K.INDUSTRIES
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
1. Cameron Micro Drill Presses
2. CHUAN KING SANG MACHINERY CO., LTD.
3. DATRON AG
4. DMG MORI
5. ERNST LENZ Maschinenbau GmbH
6. Fehlmann AG
7. Gate Machinery International Limited
8. NewTech Drilling Products LLC
9. Om International Machine Tools
10. S.K.Industries
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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