Press release
Deep Hole Drilling Machines Market Size, Share, Growth Analysis, 2020–2027 | by Type, Operation, Business
Deep Hole Drilling Machines Market
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It is a cost-effective production method for manufacturing of automobile parts. Deep hole drilling methods allow production of precise multi-speed transmissions, which have multiple off-center holes for hydraulic sequencing and lubrication.
The global deep hole drilling machines market size was valued at $611.1 million in 2019 and is projected to reach $784.1 million by 2027, registering a CAGR of 6.2% from 2020 to 2027.
Covid-19 Impact Analysis
The COVID-19 pandemic has shut down production and sales of deep hole drilling machines, mainly owing to prolonged lockdowns in major global countries including the U.S., Italy, and the UK. This, in turn, has declined growth of the deep hole drilling machines market significantly within past few months, and is likely to continue during 2020. Moreover, lockdowns have also led to reduced demand for automotive products; which hampers the mobility industry.
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Competition Analysis
The key market players profiled in the report include Entrust Manufacturing Technologies, Inc., HONG JI Precision Machinery Ltd., Hochent (Shanghai) Machinery Development Co., Ltd. (HTT), KGD. Co., Ltd. (Korea Gundrill), I.M.S.A. S.r.l., Mollart Engineering Limited, TBT Tiefbohrtechnik GmbH + Co., TIBO Tiefbohrtechnik GmbH, Cheto Corporation S.A., Galbiati Costruzioni Meccaniche S.r.l., Loch Präzisions Bohrtechnik GmbH, Kennametal Inc., (WIDMA- Machining Solutions Group), Frankor Hydraulics, Precihole Machine Tools, and Kays Engineering, Inc.
Key Market Segments
By Type
BTA Machines
Gun Drilling Machines
Skiving & Burnishing Machines
By Operation
CNC
Non-CNC
By End-user Industry
Oil & Gas
Medical
Automotive
Construction & Mining Equipment
Energy
Die & Mold
Aerospace
Heat Exchanger Tube Sheet
Military & Defense
Others
By Business Type
Original Equipment Manufacturer (OEM)
Aftermarket
By Region
North America
Europe
Asia-Pacific
LAMEA
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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