Deep Hole Drilling Machines Market 2022: Industry Insight, Drivers, Trends, Global Analysis and Forecast by 2027

According to IMARC Group latest report titled "Deep Hole Drilling Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on deep hole drilling machines market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global deep hole drilling machines market reached a value of US$ 528 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 744.7 Million by 2027, exhibiting a CAGR of 4.8% during 2022-2027.

Deep hole drilling machines refer to mechanical equipment used for drilling holes with depth-to-diameter and precise holes. They comprise a drill, or cutting tool, fitted into the internal spindle taper that facilitates their adoption on various metals, such as aluminum, cast iron, titanium, and stainless steel. They work by pressing the rotating drill at the desired location and insert into the metal to generate a hole with the required diameter. They are specifically designed for manufacturing precise and straight drilled workpieces across numerous industries, including medical and surgical tools, automotive parts, and aerospace and defense parts.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The global market is majorly driven by the growing product utilization to manufacture medical implants. Since medical implants are generally manufactured utilizing titanium and special surgical grade steel materials and possess high corrosion resistance and a high strength-to-weight ratio, this is positively influencing the adoption of deep hole drilling machines. Also, deep hole drilling machines facilitate the production of multi-speed transmissions with multiple off-center holes for hydraulic sequencing and lubrication is propelling the growth. In addition to this, the increasing utilization of deep hole drilling machines in the manufacturing of various automobile components, such as engine blocks, airbag propellant chambers, transmission shafts, and camshafts, is significantly supporting its demand. Other factors driving the market further include the growing adoption of deep hole drilling machines in several manufacturing processes and rapid industrialization, are also contributing to the market.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.
• Cheto Corporation SA
• Frankor Capital Corporation
• Galbiati Costruzioni Meccaniche S.r.l.
• Hochent(Shanghai)Machinery Development Co. Ltd.
• HONG JI PRECISION MACHINERY LTD
• I.M.S.A S.r.l
• Kays Engineering, Inc.
• Kennametal Inc.
• TIBO Tiefbohrtechnik GmbH
• UNISIG

Deep Hole Drilling Machines Market Segmentation:

Our report has categorized the market based on region, type, operation, business type and end-user industry.

Breakup by Type:
• BTA Machines
• Gun Drilling Machines
• Skiving and Burnishing Machines

Breakup by Operation:
• CNC
• Non-CNC

Breakup by Business Type:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Breakup by End-user Industry:
• Oil and Gas
• Medical
• Automotive
• Construction and Mining
• Energy
• Aerospace
• Military and Defense
• Others

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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