Drilling is cutting method where a drill bit is used to make a circular cross-section in any solid material. A drill bit is a multi-point rotary cutting tool. It is attached to the machine that makes it rotate at speeds ranging from hundreds to thousands of revolutions per minute. This, when pressed against the workpiece, creates the desired hole by cutting off chips from the workpiece.
Fabricated metals are mainly used in manufacturing materials such as ammunition, cutlery, utensils, stamped metal products, tanks, and cranes. The rise in demand for fabricated metals from the construction and machinery industries across the globe will drive the growth of the drilling equipment market. The presence of several companies providing fabricated metal products in the US and the demand for US-manufactured fabricated products from several countries across the world including Mexico, Canada, and China will lead to a rise in the demand for machine tools in this region, which, in turn, driving market growth.
Characterized by the presence of numerous market players, the market appears to be highly fragmented. Since all drilling machine manufacturers equally compete to gain considerable market shares, the competitive environment is fierce. The market also has a number of regional vendors who provide efficient equipment at a comparatively lower price than the international vendors. However, the regional vendors find it difficult to compete with the international vendors in terms of quality, features, functionalities, and services. The introduction of products with new features and technologies will intensify the level of competition among existing drilling equipment manufacturers.
In 2019, the market size of Drilling Machines is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Drilling Machines.
This report studies the global market size of Drilling Machines, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Drilling Machines production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Cameron Micro Drill Presses
DATRON
DMG MORI
DMTG
Ernst Lenz Maschinenbau
Fehlmann
Fives Landis
Forma
Gate Machinery International
Hsin Geeli Hardware Enterprise
Kaufman
LTF
MTI
Microlution
Minitool
Roku
SMTCL
Scantool
Taiwan Winnerstech Machinery
Tongtai Machine & Tool
Yamazaki Mazak
Market Segment by Product Type
Water well drilling rigs
Geothermal drilling rigs
Drill rigs
Drill equipment
Others
Market Segment by Application
Onshore
Offshore
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Drilling Machines status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Drilling Machines manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Drilling Machines are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Drilling Machines. Industry analysis & Market Report on Drilling Machines is a syndicated market report, published as Global (United States, European Union and China) Drilling Machines Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Drilling Machines market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.