The latest intelligence report published by Report Ocean, titled"Deep Hole Drilling Machines Market"2023: Increase in Demand and Opportunities," offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
The global deep hole drilling machines market size was valued at $587.7 million in 2019 and is projected to reach $741.3 million by 2027, registering a CAGR of 5.8% from 2020 to 2027.Deep hole drilling machines designed for drilling deep holes, with depth-to-diameter (D:d) more than 10:1. In addition, deep holes up to 400:1 D:d ratio can also be obtained using deep hole drilling machines. These machines have applications across various industries, which require straight and accurately drilled workpieces. Moreover, deep hole drilling can be achieved by three basic processes, namely, rotating tool, rotating workpiece, and counter-rotating tool and workpiece. Long Pipe Boring Machine
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Increase in focus on e-mobility and cost-effective production of automobile parts drive demand for deep hole drilling machines in automobile manufacturing. Technological developments in e-mobility and rise in inclination toward it has resulted in expansion of the electric vehicle industry significantly. Surge in demand for electric vehicles propels the demand for precise and reliable automotive components, which, in turn, drives the growth of the deep hole drilling machines market. Moreover, accuracy of drilling obtained by deep hole drilling machines drive their demand in the medical industry for manufacturing of highly precise surgical tools. Deep hole drilling machines are extremely powerful, which enable them for use in critical applications such as producing medical implants.
Thus, high efficiency of deep hole drilling machines propels their requirement in the ever-growing medical industry, which drives growth of the deep hole drilling machines industry. Furthermore, inclusion of automation technologies in deep hole drilling machines has assisted in achieving highly precise manufacturing processes.
Features such as flexible automation, automatic tray handling, automatic pellet changing, and others reduce manufacturing time as well as help in reducing wastage of materials. This reduces manufacturing costs and increases productivity, which boosts growth of the deep hole drilling machines market. However, unavailability of skilled labor in the manufacturing industry is one of the important restrains for growth of the deep hole drilling machines market.
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Deep hole drilling machines have complicated configurations, and achieving desirable results require extensive training of operators. Hence, lack of skilled labor restrains growth of the market. Moreover, fluctuations in raw material prices also hinders growth of the deep hole drilling machines market significantly. On the contrary, advancements in manufacturing machinery and industrial automation is anticipated to create a demand for highly precise deep hole drilling machines; which creates opportunities for growth of the deep hole drilling machines market. The global deep hole drilling machines market is segmented on the basis of type, operation, end-user industry, business type, and region. By type, the deep hole drilling machines market is divided into BTA drilling machines, and gun drilling machines. According to operation, it is categorized into CNC and non-CNC. By end-user industry, it is classified into construction, mining, automotive, military & defense, oil & gas, energy, die mold, heat exchanger plate machining, medical, electronics, machine tool, and others. On the basis of business type, it is bifurcated into OEM and aftermarket. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Russia, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Vietnam, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
COMPETITION ANALYSIS Key market players profiled in the report include Entrust Manufacturing Technologies, Inc (UNISIG), 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 Prazisions Bohrtechnik GmbH, Kennametal India Limited (WIDMA _Machining Solutions Group), Frankor Hydraulics, Kays Engineering Inc, and Precihole Machine Tools Pvt Ltd
Many competitors in the deep hole drilling machines market adopted product launch as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in November 2019, the company TIBO Tiefbohrtechnik GmbH based in Germany launched the HMI gun drilling machine at the EMO 2019 exhibition. The new machine includes operable 15" touch panel, which enables easy-to-use programming and better supervision over the drilling process. The product launch is aimed at enhancing TIBO's product portfolio globally.
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Similarly, in May 2020, the company UNISIG, a subsidiary of Entrust, launched two new models to its USC-M series of deep hole drilling machines. The models include USC-2M and USC-3M, which can perform both milling and gun drilling functions. The product launch is aimed at enhancing UNISIG's product offering is an effort for committing toward consumer needs.
KEY BENEFITS FOR STAKEHOLDERS ? The report provides an extensive analysis of the current and emerging global deep hole drilling machines market trends and dynamics. ? In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027. ? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework. ? A comprehensive deep hole drilling machines market opportunity analysis of all the countries is also provided in the report. ? The global deep hole drilling machines market forecast analysis from 2020 to 2027 is included in the report. ? The key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.
GLOBAL DEEP HOLE DRILLING MACHINES MARKET SEGMENTS BY TYPE - BTA Drilling Machines - Gun Drilling Machines BY OPERATION - CNC - Non-CNC BY END-USER INDUSTRY - Construction - Mining - Oil & Gas - Energy - Automotive - Military & Defense - Die Mold - Heat Exchanger Plate Machining - Medical - Electronics - Machine Tool - Others BY BUSINESS TYPE - Original Equipment Manufacturer (OEM) - Aftermarket
BY REGION - North America, US, Canada, Mexico, Europe, Germany, France, UK, Russia, Italy, Rest of Europe - Asia-Pacific, China, Japan, India, South Korea, Thailand, Vietnam, Indonesia, Rest of Asia -Pacific - Latin America, Middle East, Africa
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