Market Overview:
The global boring spindles market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision machining and the growing adoption of advanced technologies in manufacturing industries. The global boring spindles market is segmented on the basis of type, application, and region. On the basis of type, the global boring spindles market is segmented into motorized, belt driven, direct-drive, and geared. Motorized boring spindles are expected to hold a major share in this market due to their high accuracy and precision as compared with other types of boring spindles.
Product Definition:
Boring spindles are a type of tool used in machining. They are inserted into a hole that has been drilled or bored in the workpiece and then turned to produce a precise diameter on the end of the hole. This is important for creating accurate holes for screws, bolts, and other fasteners.
Motorized:
The global motorized spindles market size was valued at USD 1.6 billion in 2015 and is expected to witness significant growth over the forecast period owing to its rising usage in boring machines for drilling purposes. The growing demand for automated equipment used in manufacturing industries is anticipated to propel the industry growth over the next seven years. Furthermore, increasing government initiatives aimed at encouraging R&D activities related to automation are presumed to augment further demand over the forecast period.
Belt Driven:
Belt driven machines are those, which drive power source by means of a driven belt. The most common application of belt-driven machines is in the form of boring spindles. Belt-driven machine has advantages over reciprocating engines such as low maintenance cost, less noise and vibration and high speed for drilling operations.
Application Insights:
The others segment includes online gaming, film and video shooting, and live performance. The use of boring spindles in these applications has increased significantly over the past few years. Boring spindles are used to feed paper into printers or scanners; for example, they are used by journalists to feed documents during news reporting activities. They also find a wide range of applications in the film industry for camera movements as well as for moving objects on stage or screen. Online gaming is another major application segment where boring spindle is widely used owing to its ability to provide smooth gameplay experience with low latency and high precision required by modern games consoles/PCs (personal computers).
Boring machines have several other uses such as metal cutting applications which require high precision machining operations at lower speeds with greater capacity utilization rates than conventional machine tools can offer.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to increasing per capita income in emerging economies, such as China and India. Furthermore, rising construction activities in these countries are expected to drive the demand for drilling machines over the forecast period.
The U.S., being one of the most developed nations across the globe, has been witnessing an increase in public and private infrastructure spending on account of growing needs for office spaces, retail units, hospitals among other commercial places by establishing new projects or renovating existing ones thereby driving product demand over past few years.
Europe was estimated as one of the largest markets with a share of more than 30% in 2017 owing to high preference toward R&D activities coupled with technological advancements witnessed during past few decades which have led manufacturers operating this industry not only within Europe but also across other regions including Asia Pacific.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for high-precision components.
- Growing popularity of 3D printing and additive manufacturing technologies.
- Rising demand for lightweight and energy-efficient components in various end-use applications.
- Technological advancements in spindle design and construction that improve performance and efficiency.
- increasing investments by manufacturers in research & development to develop new products
Scope Of The Report
Report Attributes
Report Details
Report Title
Boring Spindles Market Research Report
By Type
Motorized, Belt Driven, Direct-Drive, Geared
By Application
Online, Store, Others
By Companies
Setco Inc, A.MANNESMANN, SPEPURMAC Engineering Services, Gilman Precision, Capital Engineering Corporation, Siga, AWEA MECHANTRONIC, Posa Machinery Co., Ltd, Purros Machinery Co.，Ltd, Hann Kuen Machinery & Hardware Co. Ltd, Taizhou Shenying Machine Tool Co., Ltd, Anyang Yinrui Electromechanical Co., Ltd
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Boring Spindles Market Report Segments:
The global Boring Spindles market is segmented on the basis of:
Types
Motorized, Belt Driven, Direct-Drive, Geared
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
Online, Store, Others
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:
- Setco Inc
- A.MANNESMANN
- SPEPURMAC Engineering Services
- Gilman Precision
- Capital Engineering Corporation
- Siga
- AWEA MECHANTRONIC
- Posa Machinery Co., Ltd
- Purros Machinery Co.，Ltd
- Hann Kuen Machinery & Hardware Co. Ltd
- Taizhou Shenying Machine Tool Co., Ltd
- Anyang Yinrui Electromechanical Co., Ltd
Highlights of The Boring Spindles 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:
- Motorized
- Belt Driven
- Direct-Drive
- Geared
- By Application:
- Online
- Store
- Others
- 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 Boring Spindles 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
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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?
Boring spindles are metal rods that are used to create a thread in the fabric of a loom. They help to keep the warp threads in line and prevent them from becoming tangled.
Some of the major players in the boring spindles market are Setco Inc, A.MANNESMANN, SPEPURMAC Engineering Services, Gilman Precision, Capital Engineering Corporation, Siga, AWEA MECHANTRONIC, Posa Machinery Co., Ltd, Purros Machinery Co.，Ltd, Hann Kuen Machinery & Hardware Co. Ltd, Taizhou Shenying Machine Tool Co., Ltd, Anyang Yinrui Electromechanical Co., Ltd.
The boring spindles market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boring Spindles 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 Boring Spindles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boring Spindles 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 Boring Spindles 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 Boring Spindles Market Size & Forecast, 2018-2028
4.5.1 Boring Spindles Market Size and Y-o-Y Growth
4.5.2 Boring Spindles Market Absolute $ Opportunity
Chapter 5 Global Boring Spindles 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 Boring Spindles Market Size Forecast by Type
5.2.1 Motorized
5.2.2 Belt Driven
5.2.3 Direct-Drive
5.2.4 Geared
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Boring Spindles 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 Boring Spindles Market Size Forecast by Applications
6.2.1 Online
6.2.2 Store
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boring Spindles 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 Boring Spindles 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 Boring Spindles Analysis and Forecast
9.1 Introduction
9.2 North America Boring Spindles 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 Boring Spindles Market Size Forecast by Type
9.6.1 Motorized
9.6.2 Belt Driven
9.6.3 Direct-Drive
9.6.4 Geared
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 Boring Spindles Market Size Forecast by Applications
9.10.1 Online
9.10.2 Store
9.10.3 Others
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 Boring Spindles Analysis and Forecast
10.1 Introduction
10.2 Europe Boring Spindles 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 Boring Spindles Market Size Forecast by Type
10.6.1 Motorized
10.6.2 Belt Driven
10.6.3 Direct-Drive
10.6.4 Geared
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 Boring Spindles Market Size Forecast by Applications
10.10.1 Online
10.10.2 Store
10.10.3 Others
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 Boring Spindles Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Boring Spindles 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 Boring Spindles Market Size Forecast by Type
11.6.1 Motorized
11.6.2 Belt Driven
11.6.3 Direct-Drive
11.6.4 Geared
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 Boring Spindles Market Size Forecast by Applications
11.10.1 Online
11.10.2 Store
11.10.3 Others
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 Boring Spindles Analysis and Forecast
12.1 Introduction
12.2 Latin America Boring Spindles 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 Boring Spindles Market Size Forecast by Type
12.6.1 Motorized
12.6.2 Belt Driven
12.6.3 Direct-Drive
12.6.4 Geared
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 Boring Spindles Market Size Forecast by Applications
12.10.1 Online
12.10.2 Store
12.10.3 Others
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) Boring Spindles Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Boring Spindles 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) Boring Spindles Market Size Forecast by Type
13.6.1 Motorized
13.6.2 Belt Driven
13.6.3 Direct-Drive
13.6.4 Geared
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) Boring Spindles Market Size Forecast by Applications
13.10.1 Online
13.10.2 Store
13.10.3 Others
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 Boring Spindles Market: Competitive Dashboard
14.2 Global Boring Spindles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Setco Inc
14.3.2 A.MANNESMANN
14.3.3 SPEPURMAC Engineering Services
14.3.4 Gilman Precision
14.3.5 Capital Engineering Corporation
14.3.6 Siga
14.3.7 AWEA MECHANTRONIC
14.3.8 Posa Machinery Co., Ltd
14.3.9 Purros Machinery Co.，Ltd
14.3.10 Hann Kuen Machinery & Hardware Co. Ltd
14.3.11 Taizhou Shenying Machine Tool Co., Ltd
14.3.12 Anyang Yinrui Electromechanical Co., Ltd
