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Drilling Machines Market Trends

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

Drilling Machines Market Trends

There's a growing demand for drilling machines with features like CNC (Computer Numerical Control) for precise automated drilling. This is driven by factors like large-scale industrial automation and rising demand for high-quality products. Furthermore, known for their user-friendly CNC machines, Haas offers a variety of CNC drilling machines suitable for small and medium-sized businesses. Their focus on affordability and ease of use has made them popular in various sectors.
 

Manufacturers are increasingly looking for machines that can handle various tasks. Multi-function machines that combine drilling with other functionalities like milling are gaining traction as they improve efficiency and reduce overall costs. Additionally, DECKEL MAHO Group, renowned for their machining centers, offers multi-function machines that integrate drilling, milling, and turning capabilities. This versatility allows for complete part processing in a single setup, reducing production time and costs.
 

The Asia Pacific region, particularly countries with booming automobile sectors like China and India, is expected to see significant growth in drilling machine demand. This is due to factors like increasing disposable income, rapid urbanization, and a focus on eco-friendly technologies in the auto industry. Furthermore, an Indian manufacturer of CNC machines, JK Technosoft offers drilling machines specifically designed for the needs of the Indian market. Their machines are known for their cost-effectiveness and suitability for smaller workshops and businesses.
 

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

Drilling Machines Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 176
  • Countries covered: 23
  • Pages: 300
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