Global Drilling Machine Market, By Type (Sensitive Drilling Machine, Upright Drilling Machine, Radi

Published Date: | Report Code : EQ1958626

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The Drilling Machine Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Aerospace, Heavy Equipment, Automotive, Energy Industry during the forecast period.

A drilling machine is an equipment which, making a circular hole in the work by removing the metal volume from it using a cutting tool called drill bit. The drilling machine rotates the drill bit i.e. the cutting tool along its axis into the work when drilling. The job / work-piece will be held stationary during this time. Drilling machines are used for drilling, tapping holes, reaming and in wood and metals that are commonly used in heavy manufacturing such as building and packaging machines. Woodwork requires lightweight mobile drilling machines for residential and non-residential areas. It is essential to be precise in drilling holes to a specific depth and size. The drilling bits installed in the drilling and milling machine have a certain speed of rotation depending on the softness or hardness of the material and the drilling purpose.

Segment Analysis:

The global drilling machine market is segmented based on the type and end user industry. By type, this market is split into a 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 expected to high demand due to it can be used in a superior hole drilling up to a diameter of 300 mm.

Also, the radial drilling machine segment is expected to grow at a high rate owing to its reasonable price and ability to drill holes in a wide variety of products such as alloys, cast iron steel. Based on the end user industry, the global drilling machine market is segmented into aerospace, heavy equipment, automotive, energy industry, military & defense, oil & gas, and others. The military & defense segment is expected high growth because of the Increasing use of drilling machines for weapons, tanks, submarines, and other metal equipment manufacturing.

Furthermore, the heavy equipment segment is anticipated high demand due to the heavy equipment necessary for a deep hole, multi-spindle, and gang drilling machines. The global drilling machine market is expected to boom in the Asia Pacific region because of the presence in this region of big manufacturing plants. One of the driving factors of rapid urbanization and industrialization is anticipated to boom the drilling machine market in this region

Key Factors Impacting Market Growth:

  • Increasing demand across the globe in end-user sectors like automotive, aviation, electrical and electronics, oil & gas and others

  • Growth in infrastructural development in developing countries

  • The growing demand for the fabricated metal product

Regional Outlook:

Major regions for drilling machine market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for drilling machine owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be Aerospace, Heavy Equipment, Automotive, Energy Industry. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for drilling machinemarket in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, Aerospace, Heavy Equipment, Automotive, Energy Industry are estimated to register high demand for drilling machine market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of drilling machine market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for drilling machine market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: Cheston, Halliburton, Baker Huges Inc, Torquado Drilling Accessories Inc, Varel International Inc, Atlas Copco, National Oilwell Varco, Robert Bosch Tool Corporation, NewTech Drilling Products LLC and Scientific Drilling International Inc. 

Market Segmentation:

By Type:

  • Sensitive Drilling Machine

  • Upright Drilling Machine

  • Radial Drilling Machine

  • Gang Drilling Machine

  • Multiple Spindle Drilling Machine

  • Deep Hole Drilling Machine

  • Others

By End User Industry:

  • Aerospace

  • Heavy Equipment

  • Automotive, Energy Industry

  • Military & Defense

  • Oil & Gas

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By End User Industry

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By End User Industry

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By End User Industry

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By End User Industry

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By End User Industry

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By End User Industry

Reasons To Buy This Report:

  • Market size estimation of the global drilling machine market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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