Drilling Machine Market Size: Opportunities, Current Trends And Industry Analysis by 2028 | Halliburton, Atlas Copco, National Oilwell Varco, Bosch

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.

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A drilling machine is used to create holes in the solid materials such as metals, woods or other materials. Drilling machine has witnessed rising demand in the end-use industries including non-residential and residential sectors. Growing infrastructure development in the emerging economies is expected to fuel the Drilling Machine Market growth in next eight years.

The growth of the market is majorly driven by the increasing demand from several end-user industries such as automotive, aerospace and others, across the world. Furthermore, the market is also driven by the growing demand for the fabricated metal products, development of heavy industrial equipment, advancement in the manufacturing processes, and adoption of latest technologies.

Drilling machines are used for many applications such as drilling, tapping holes, reaming, and counterboring in wood and metals, which are widely used in the production-heavy equipment includes machines for construction and packaging industry. Woodwork for uptown and non-residential applications require lightweight portable drilling machines. The drilling machine offers accuracy in drilling holes to a specific depth and size.

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.

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Key Factors Impacting Market Growth:

o Increasing demand across the globe in end-user sectors like automotive, aviation, electrical and electronics, oil & gas and others
o Growth in infrastructural development in developing countries
o The growing demand for the fabricated metal product

Regional Analysis:

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.

Rapid industrialization in the Asia-Pacific region drives the demand of drilling machine in this region. Venezuela, Kuwait, Saudi Arabia, UAE, Canada, Iran and Iraq are to witness a significant growth over the forecast period owing to discovery of new oil reserves in these areas.

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:
o Sensitive Drilling Machine
o Upright Drilling Machine
o Radial Drilling Machine
o Gang Drilling Machine
o Multiple Spindle Drilling Machine
o Deep Hole Drilling Machine
o Others

By End User Industry:
o Aerospace
o Heavy Equipment
o Automotive, Energy Industry
o Military & Defense
o Oil & Gas
o Others

By Region:

o North America
By Country (US, Canada, Mexico)
By Type
By End User Industry

o Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Type
By End User Industry

o Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Type
By End User Industry

o Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Type
By End User Industry

o Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Type
By End User Industry

o Rest of the World
By Region (South America, Africa)
By Type
By End User Industry

Reasons To Buy This Report:

o Market size estimation of the global drilling machine market on a regional and global basis
o Unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o 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:

o By Segment
o By Sub-segment
o By Region/Country

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This release was published on openPR.