Drilling Machine Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type and Application Industry : Global Opportunity Analysis and Industry Forecast, 2018 - 2025

Drilling Machine Market Overview:

Drilling machines are used for drilling, tapping holes, reaming, and counter boring in wood and metals that are widely used in the production heavy equipment, such as machines for construction and packaging industry. Wood work for residential and non-residential spaces require light weight portable drilling machines. The precision in drilling holes to a particular depth and size is of important. The drilling bits fitted in drilling and milling machine have certain rotational speed depending on the softness or hardness of material and purpose of drilling. 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%.

Factors such as increase in augmented demand for fabricated metal products, development of heavy equipment industry, and surge in large-scale industrial automation are expected to drive the growth of the market. In addition, advancement in manufacturing machineries and government initiatives pertaining to machine tools industry provide lucrative growth opportunity to the market. However, fluctuation in the prices of the raw material and lack of skilled labor in the manufacturing sector hinder the growth of the drilling machine market.

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 heavy equipment segment is projected to dominate the market in the future, due to increase in demand for these equipment in construction and manufacturing industry, where large scale machined manufacturing requires precise drilled holes for fittings and other connections.

By Type

Based on type, the market is segmented into sensitive drilling machine, upright drilling machine, radial drilling machine, gang drilling machine, multiple spindle drilling machine, deep hole drilling machine, and others. Among these, the deep hole drilling machine segment was the highest contributor in 2017 and is expected to grow at a significant growth rate during the forecast period, owing to increase in demand for drilling deep holes in wide variety of machines and equipment across aerospace, automotive, military & defense, and oil & gas industries. These machines are expensive but are required in almost every sector in the manufacturing equipment industry. Mostly, these equipment are made of heavy metals, thereby the fluctuation in raw material prices affects the overall pricing of drilling and milling machines. Moreover, the multiple spindle drilling machine is expected to register highest growth during the forecast period.

By Region

The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounts for the highest share in the global drilling machine market and is projected to grow at a significant CAGR, due to existence of machine market that are manufactured at large scale to fulfill the industry demand. China has pioneered in the drilling machine in the market and holds the highest market share during the forecast period. Moreover, there is significant growth in the China market owing to the development of the machine manufacturing industry in the region. However, the European market struggles to stabilize its growth in the drilling machine market.

Key Benefits for Drilling Machine Market:

• The study provides an in-depth analysis of the global drilling machine market along with the current trends and future estimations to elucidate the imminent investment pockets.

• Information about the key drivers, restraints, and opportunities and their impact analyses on the market is included in the study.

• Porters five forces analysis illustrates the potency of the 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

• 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

  • Japan

  • 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 G

  Drilling Machine Market Report Highlights

Aspects	Details
By TYPE	SENSITIVE DRILLING MACHINE UPRIGHT DRILLING MACHINE RADIAL DRILLING MACHINE GANG DRILLING MACHINE MULTIPLE SPINDLE DRILLING MACHINE DEEP HOLE DRILLING MACHINE OTHERS
By INDUSTRY APPLICATION	AEROSPACE HEAVY EQUIPMENT AUTOMOTIVE ENERGY INDUSTRY MILITARY AND DEFENSE OIL AND GAS OTHERS
By Region	North America  (U.S., Canada, Mexico) Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players	CAMERON MICRO DRILL PRESSES, DALIAN MACHINE TOOL GROUP CORPORATION, FEHLMANN AG, DATRON AG, GATE MACHINERY INTERNATIONAL, DMG MORI, ERNST LENZ MASCHINENBAU, SMTCL, HSIN GEELI HARDWARE ENTERPRISE, ALPEN-MAYKESTAG GMBH

Analyst Review

Drilling machine is an equipment used to drill holes in the flooring, bench-top designs, wood, and others. These machines are arranged horizontally or vertically, as per the requirement of the operator to control and operate the drill bit. The most commonly used drill machines include single-spindle, floor-mounted, belt-driven machine, and others. Its application includes reaming, countersinking, counterboring, and tapping. In addition, it is used for drilling operations in body panel shops, metal fabrication centers, and car repair garage.

The global drilling machine market signifies a noteworthy growth due to increase in deployments in the heavy equipment and automotive sectors. Furthermore, upsurge in adoption of drilling machine in diverse industry verticals, owing to increase in investment in the metal removing industries boosts the growth of the market. Moreover, increased workplace safety, reduced operational time, and high precision of work are other major factors that boost the demand for drilling machines in the market. However, lack of skilled operator hinders the market growth to a certain extent.

Drilling machines experience demand in the North America region attributed to the increase in investment in the automotive sector by market leaders for business expansion. The deep hole drilling machine segment garnered the highest market share in 2017, due to increase in demand for drilling machine in the hydraulic cylinder industry. Moreover, by application, the heavy equipment segment is expected to generate the maximum revenue share throughout the forecast period.

In addition, key players in the market 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 companies have focused on business expansion with exceptional product offerings to strengthen their foothold in the market. For instance, Alpen, an Austria-based manufacturer of drill bits launched the Alpen Sprint Master and Pro, a drill bit, which is particularly suitable for drilling thin materials.

 

Author Name(s) : Preeti Kumari | Sonia Mutreja

Related Tags

• Hand Tools
• Power Tools

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