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Deep Hole Drilling Machines Market Demand & Future Growth Analysis by 2027 | Key Drivers, Restraints & Opportunity
Deep Hole Drilling Machines Market
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Key Segments
Deep Hole Drilling Machines Market by Type (BTA Machines, Gun Drilling Machines, and Skiving & Burnishing Machines), Operation (CNC and Non-CNC), End-User Industry (Oil & Gas, Medical, Automotive, Construction & Mining Equipment, Energy, Die & Mold, Aerospace, Heat Exchanger Tube Sheet, Military & Defense, and Others), and Business Type (OEM and Aftermarket)
inclusion of automation technologies has increased efficiencies of deep hole drilling machines. Minimal intrusion of human laborers reduces probability of human errors, which helps in production of precise and high-quality end products for user industries, including automobile, general machinery, and aerospace. In addition, government initiatives such as “Make in India” to boost the manufacturing industry is anticipated to provide lucrative opportunities for key players of the deep hole drilling machines market.
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Covid-19 Scenario Analysis
The COVID-19 pandemic has negatively affected the deep hole drilling machines market, owing to halt in international trade, prolonged lockdowns, and ceased manufacturing processes. In addition, major end-user companies located in countries such as the U.S., China, Germany, and the UK are also facing financial impacts, owing to halt in production, which is expected to hinder deep hole drilling machines market growth during 2020.
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.
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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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