Drilling Machine Market to Reach $28.76 Billion, Brief Analysis on Top Key players DATRON AG, DMG MORI, Dalian Machine Tool Group Corporation, SMTCL, Ernst Lenz Maschinenbau, Fehlmann AG, Cameron Micro Drill Presses, Gate Machinery International, Hsin Gee

Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in drilling machine. Moreover, various domestic players are investing in the automotive and military & defense sectors, which is anticipated to boost the demand for drilling machines and its components to complete the respective operations with reduced labor cost and high precision of work within optimized time. Furthermore, the drilling machine market is projected to generate the highest market revenue during the forecast period, owing to deployments in the heavy machines, automotive, and aerospace industries.

According to a new report published by Allied Market Research, titled,"Drilling Machine Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the drilling machine market accounted for $16.54 Billion in 2017, and is expected to reach $28.76 Billion by 2025, growing at a CAGR of 7.1% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, and is expected to grow faster compared to North America.

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Drilling machine is used to enlarge or drill a cylindrical hole in a workpiece. It is composed of four major componentsthe head, table, column, and base. The motor is attached on the head and spindle is fixed within the quill, which is moved by either manual or automatic feed. The table is mounted on the column, and is used to support the workpiece. The cast iron base supports the entire structure. These machines are basically used for gun drilling, trepanning, BTA drilling, ejector drilling, counterboring, and pull boring.

The market for drilling machine market is primarily driven by increased demand for fabricated metal products and minimized labor cost. However, fluctuation in the prices of the raw materials majorly restricts the growth of the market.

The deep hole drilling machine segment secured the highest share in the drilling machine market in 2017. The multiple spindle drilling machine industry is expected to grow at a highest CAGR during the forecast period. In terms application industries, heavy equipment sector is expected to contribute the highest market share in the coming years, as this industry needs to displace heavy vehicle and material handling equipment parts. Moreover, increase in emphasis on military and defense sector is expected to provide lucrative growth opportunities to small players in the developing economies.

In 2017, Asia-Pacific registered the highest share in the drilling machine market, and is expected to continue this trend during the forecast period, owing to presence of the key manufacturing companies in the region.

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The major players, such as 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, are focused to strengthen their presence in the market.

The major players, such as 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, are focused to strengthen their presence in the 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.

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.

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