Market Overview:
The global multi-spindle drilling machines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for multi-spindle drilling machines in various end-use industries such as automotive, shipbuilding industry, equipment manufacturing, and others. Additionally, the growing demand for high precision and accuracy in machining operations is also fueling the growth of the global multi-spindle drilling machines market. Based on type, vertical multispindle drilling machines are expected to account for a larger share of the global market than horizontal multispindle drilling machines during the forecast period. This can be attributed to their ability to machine large parts with high precision and accuracy. Based on application, automotive is expected to account for a larger share of the global market than other end-use industries duringthe forecast period.
Product Definition:
Multi-spindle drilling machines are used to drill multiple holes in a workpiece simultaneously. This is important because it speeds up the process of drilling multiple holes, which can be time-consuming on a single-spindle machine.
Vertical Multispindle Drilling Machines:
Vertical multispindle drilling machines are used to drill multiple holes in a straight line. It is also known as z-axis or up-axis drilling machine. The number of vertical spindles can be changed while using this equipment and it allows the operator to carry out different types of work such as surface mining, construction, and tunneling at the same time.
Horizontal Multispindle Drilling Machines:
Horizontal multispindle drilling machines are used to drill multiple holes in a horizontal or vertical plane. Horizontal multispindle drilling machines can be used for various applications including, but not limited to, woodworking, metal cutting and plastic extrusion. The market is segmented on the basis of product type into fixed-speed and variable-speed horizontal multispindle drilling machines.
Application Insights:
The global multi-spindle drilling machines market is segmented by application into automotive, shipbuilding industry, equipment manufacturing and others. The automotive application segment accounted for the largest share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for high precision components with enhanced features at a lower cost as compared to manual drilling methods.
The need for precise dimensional tolerances in order to achieve higher accuracy while manufacturing critical parts using CNC machining has led manufacturers of industrial machinery & tools including spindles and rotary tables offer advanced solutions that are highly preferred across various industries worldwide such as aerospace & defense, marine etc., which further propels product demand globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of shipbuilding facilities, which makes it an attractive destination for drilling machines manufacturers. China is one of the largest markets for drilling machines in this region as there are a large number of projects going on in this country, thereby driving demand.
Europe accounted for more than 20% share of global revenue in 2017 owing to high demand from end-users such as shipbuilding industry and equipment manufacturing sector. Countries such as Germany, France and Italy are among the major consumers due to increased spending power among people living there. North America also had a significant share owing to growing demand from U S A and Canada drillings market growth is attributed by increasing investments by oil & gas companies including ExxonMobil Corporation; Halliburton; Anadarko Petroleum Corporation; ConocoPhillips Company; BP psc.; Royal Dutch Shell plc.; Total SA.
Growth Factors:
- Increasing demand for high-precision drilling machines in the automotive and aerospace industries
- Rising demand from small and medium-sized enterprises (SMEs)
- Growing popularity of multi-spindle drilling machines among hobbyists and DIY enthusiasts
- Technological advancements that have led to the development of more efficient and user-friendly multi-spindle drilling machines
- The increasing use of multi-spindle drilling machines in applications such as metalworking, woodworking, plastic fabrication, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Multi-Spindle Drilling Machines Market Research Report
By Type
Vertical Multispindle Drilling Machines, Horizontal Multispindle Drilling Machines
By Application
Automotive, Shipbuilding Industry, Equipment Manufacturing, Other
By Companies
Liang Lih Machine, Premier Ltd., Patson Machines, Sheng Yu, Detel, Chin Minn, Automacad, Toyo Seiki Kogyo, Georg
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Multi-Spindle Drilling Machines Market Report Segments:
The global Multi-Spindle Drilling Machines market is segmented on the basis of:
Types
Vertical Multispindle Drilling Machines, Horizontal Multispindle Drilling Machines
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Shipbuilding Industry, Equipment Manufacturing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Liang Lih Machine
- Premier Ltd.
- Patson Machines
- Sheng Yu
- Detel
- Chin Minn
- Automacad
- Toyo Seiki Kogyo
- Georg
Highlights of The Multi-Spindle Drilling Machines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vertical Multispindle Drilling Machines
- Horizontal Multispindle Drilling Machines
- By Application:
- Automotive
- Shipbuilding Industry
- Equipment Manufacturing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multi-Spindle Drilling Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Multi-spindle drilling machines are used for drilling holes in various materials. They have multiple spindles that rotate around a central axis, which makes it possible to drill precise and accurate holes.
Some of the key players operating in the multi-spindle drilling machines market are Liang Lih Machine, Premier Ltd., Patson Machines, Sheng Yu, Detel, Chin Minn, Automacad, Toyo Seiki Kogyo, Georg.
The multi-spindle drilling machines market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multi-Spindle Drilling Machines Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Multi-Spindle Drilling Machines Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Multi-Spindle Drilling Machines Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Multi-Spindle Drilling Machines Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Multi-Spindle Drilling Machines Market Size & Forecast, 2020-2028 4.5.1 Multi-Spindle Drilling Machines Market Size and Y-o-Y Growth 4.5.2 Multi-Spindle Drilling Machines Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vertical Multispindle Drilling Machines
5.2.2 Horizontal Multispindle Drilling Machines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Shipbuilding Industry
6.2.3 Equipment Manufacturing
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multi-Spindle Drilling Machines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multi-Spindle Drilling Machines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vertical Multispindle Drilling Machines
9.6.2 Horizontal Multispindle Drilling Machines
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Shipbuilding Industry
9.10.3 Equipment Manufacturing
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vertical Multispindle Drilling Machines
10.6.2 Horizontal Multispindle Drilling Machines
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Shipbuilding Industry
10.10.3 Equipment Manufacturing
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vertical Multispindle Drilling Machines
11.6.2 Horizontal Multispindle Drilling Machines
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Shipbuilding Industry
11.10.3 Equipment Manufacturing
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vertical Multispindle Drilling Machines
12.6.2 Horizontal Multispindle Drilling Machines
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Shipbuilding Industry
12.10.3 Equipment Manufacturing
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vertical Multispindle Drilling Machines
13.6.2 Horizontal Multispindle Drilling Machines
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Shipbuilding Industry
13.10.3 Equipment Manufacturing
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multi-Spindle Drilling Machines Market: Competitive Dashboard
14.2 Global Multi-Spindle Drilling Machines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Liang Lih Machine
14.3.2 Premier Ltd.
14.3.3 Patson Machines
14.3.4 Sheng Yu
14.3.5 Detel
14.3.6 Chin Minn
14.3.7 Automacad
14.3.8 Toyo Seiki Kogyo
14.3.9 Georg