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.
The global Drilling Machines market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Drilling Machines volume and value at global level, regional level and company level. From a global perspective, this report represents overall Drilling Machines market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Drilling Machines in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Drilling Machines manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers 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
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Water well drilling rigs
Geothermal drilling rigs
Drill rigs
Drill equipment
Others
Segment by Application
Onshore
Offshore
Summary:
Get latest Market Research Reports on Drilling Machines. Industry analysis & Market Report on Drilling Machines is a syndicated market report, published as Global Drilling Machines Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Drilling Machines market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.