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Drilling Machines Market Share

Report ID: GMI5591
Published Date: Jun 2024
Report Format: PDF

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Drilling Machines Market Share

The global drilling machines industry is highly fragmented in nature with prominent players operating in the market such Atlas Copco, Caterpillar, Sandvik AB, Beretta S.r.l. P, Soilmec S.p.A. These together hold a market share of 12 to 15%. While there are established companies with significant market share, there are also numerous smaller regional and niche manufacturers offering specialized drilling machines. This creates a competitive landscape with diverse options for buyers. The market caters to various needs with different drilling machine types like upright, radial, deep hole, and multi-spindle. This allows for specialization among manufacturers, further contributing to fragmentation.

Drilling Machines Market Companies

Major players operating in the drilling machines industry include:

Atlas Copco
Bauer Maschinen GmbH
Beretta S.r.l. P
Boart Longyear
Caterpillar
Cheto Corporation SA
Dezhou Hongxin Machine Tool Co Ltd
Epiroc AB
ERLO Group
Hitachi Construction Machinery Ltd
Ingersoll Rand
KURAKI Co Ltd
Liebherr Group
Minitool
Mitsubishi Heavy Industries ltd.
Robert Bosch GmbH
Sandvik AB
Shenyang Machine Tool Co Ltd
SMTCL
Soilmec S.p.A.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of drilling machines was reached USD 26.3 billion in 2023 and is anticipated to register a CAGR of 4.9% between 2024 and 2032, driven by increasing demand across various industries such as construction, mining, and oil & gas.

The deep hole drilling machine segment size is expected to reach USD 11.1 billion by 2032, attributed to the increasing demand for precision and efficiency in drilling applications across industries like oil & gas, automotive, and aerospace.

Asia Pacific region held more than 31% share of the drilling machines market in 2023, owing to the industrialization and rapid urbanization.

Atlas Copco, Bauer Maschinen GmbH, Beretta S.r.l. P, Boart Longyear, Caterpillar, Cheto Corporation SA, Dezhou Hongxin Machine Tool Co Ltd, Epiroc AB, ERLO Group, Hitachi Construction Machinery Ltd, Ingersoll Rand, KURAKI Co Ltd, and Liebherr Group