Market Overview:
The global drill presses market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for drilling machines in various end-use industries such as automotive, machinery works, and others. Additionally, the growing demand for floor standing drill presses in regions such as North America and Europe is also contributing to the growth of this market. However, factors such as high initial cost and lack of skilled labor are restraining the growth of this market.
Product Definition:
A drill press is a machine tool used to drill holes in various materials. It consists of a pedestal, column, and head. The head contains the chuck, which holds the workpiece, and the motor. The column is adjustable so that the head can be raised or lowered to accommodate different workpieces.
Bench Top Drill Presses:
Bench top drill presses are used for drilling, normally small holes, in metal or wood. They are also used to form small gears and cut thin pieces of metals. The benchtop drill press is a mechanical device that consists of a base, an arm (or X-axis), and a spindle (or Y-axis). It has various tools mounted on the arms which can be used to perform different operations such as cutting, drilling etc.
Floor Standing Drill Presses:
A floor-standing drill press is a type of drill press that stands on the floor. It has lower working height than normal benchtop or table top drill presses, and thus requires less space. The design of these machines makes them ideal for drilling small holes in tight spaces, where clearance above the work surface is very limited.
Application Insights:
The application segment is sub-divided into machinery works, automotive and others. In 2017, the machinery works segment dominated the market with a share of over 60% in terms of revenue. The growth can be attributed to increasing demand for metal working machines such as multi-axis CNC machines and automated production lines across various industries worldwide.
The automotive application segment is expected to witness significant growth over the forecast period owing to rising demand for high precision components and lightweight forged products from major vehicle manufacturers globally. The growing importance of automation in automobile manufacturing has led to an increased use of heavy duty equipment such as multi-station hydraulic presses that require large floor spaces along with sophisticated controls systems mounted on them which provides a positive scope for drill press market growth during the estimated period.
Floor standing drill presses are widely used by automakers, component manufacturers.
Regional Analysis:
Asia Pacific dominated the global drill presses market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, who cater to both domestic as well as export markets. China is one such country which exports most of its products globally owing to huge demand from various countries including Japan, India, South Korea and Taiwan among others.
The Asia Pacific region is also home for some of the largest construction companies across the globe such as Wartsila Corporation (Osaka Zosen), Hyundai Heavy Industries Co., Ltd., Komatsu Ltd., Koyo Construction Machinery Co., Ltd. among many others who use drilling machines for various applications including metal cutting, woodworking etc.; hence driving up product demand across this region significantly over the forecast period.
Europe accounted for more than 20% share in 2017 owing to high product adoption rates especially in Germany and U.K.
Growth Factors:
- Increasing demand for precision machining in the automotive and aerospace industries is expected to drive the growth of the drill presses market.
- The increasing popularity of do-it-yourself (DIY) projects is also anticipated to boost the demand for drill presses in the coming years.
- Rapid urbanization and industrialization in emerging economies are expected to create new opportunities for drill presses manufacturers in these regions.
- The growing awareness about safety while working with machines is projected to fuel the demand for advanced and safer drill presses products over the forecast period. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Drill Presses Market Research Report
By Type
Bench Top Drill Presses, Floor Standing Drill Presses
By Application
Machinery Works, Automotive, Others
By Companies
Servo Products, Woodstock International, Wilton Tools, Dake, Powermatic, DELTA, Kalamazoo Metal Muncher, Hougen, Milwaukee, CS Unitec, Servo Products, DEWALT, Metabo, FASTENAL, Steelmax, Evolution Power Tools, PROMOTECH, Rotabroach, G & J HALL TOOLS, Unibor, Fein, JET
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Drill Presses Market Report Segments:
The global Drill Presses market is segmented on the basis of:
Types
Bench Top Drill Presses, Floor Standing Drill Presses
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
Machinery Works, Automotive, 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:
- Servo Products
- Woodstock International
- Wilton Tools
- Dake
- Powermatic
- DELTA
- Kalamazoo Metal Muncher
- Hougen
- Milwaukee
- CS Unitec
- Servo Products
- DEWALT
- Metabo
- FASTENAL
- Steelmax
- Evolution Power Tools
- PROMOTECH
- Rotabroach
- G & J HALL TOOLS
- Unibor
- Fein
- JET
Highlights of The Drill Presses 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:
- Bench Top Drill Presses
- Floor Standing Drill Presses
- By Application:
- Machinery Works
- Automotive
- 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 Drill Presses 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?
A drill press is a machine used for drilling holes in various materials. It typically has a chuck that holds the workpiece, an arm that moves the workpiece, and a motor that powers the drill.
Some of the major players in the drill presses market are Servo Products, Woodstock International, Wilton Tools, Dake, Powermatic, DELTA, Kalamazoo Metal Muncher, Hougen, Milwaukee, CS Unitec, Servo Products, DEWALT, Metabo, FASTENAL, Steelmax, Evolution Power Tools, PROMOTECH, Rotabroach, G & J HALL TOOLS, Unibor, Fein, JET.
The drill presses 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 Drill Presses 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 Drill Presses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drill Presses 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 Drill Presses 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 Drill Presses Market Size & Forecast, 2020-2028
4.5.1 Drill Presses Market Size and Y-o-Y Growth
4.5.2 Drill Presses 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 Bench Top Drill Presses
5.2.2 Floor Standing Drill Presses
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 Machinery Works
6.2.2 Automotive
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drill Presses 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 Drill Presses 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 Bench Top Drill Presses
9.6.2 Floor Standing Drill Presses
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 Machinery Works
9.10.2 Automotive
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 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 Bench Top Drill Presses
10.6.2 Floor Standing Drill Presses
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 Machinery Works
10.10.2 Automotive
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 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 Bench Top Drill Presses
11.6.2 Floor Standing Drill Presses
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 Machinery Works
11.10.2 Automotive
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 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 Bench Top Drill Presses
12.6.2 Floor Standing Drill Presses
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 Machinery Works
12.10.2 Automotive
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) 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 Bench Top Drill Presses
13.6.2 Floor Standing Drill Presses
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 Machinery Works
13.10.2 Automotive
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 Drill Presses Market: Competitive Dashboard
14.2 Global Drill Presses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Servo Products
14.3.2 Woodstock International
14.3.3 Wilton Tools
14.3.4 Dake
14.3.5 Powermatic
14.3.6 DELTA
14.3.7 Kalamazoo Metal Muncher
14.3.8 Hougen
14.3.9 Milwaukee
14.3.10 CS Unitec
14.3.11 Servo Products
14.3.12 DEWALT
14.3.13 Metabo
14.3.14 FASTENAL
14.3.15 Steelmax
14.3.16 Evolution Power Tools
14.3.17 PROMOTECH
14.3.18 Rotabroach
14.3.19 G & J HALL TOOLS
14.3.20 Unibor
14.3.21 Fein
14.3.22 JET
