Market Overview:
The global drilling machine 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 from various end-use industries, such as woodworking, metalworking, and oil well drilling. In addition, the growing demand for portable drilling machines is also contributing to the growth of this market. Based on type, the global drilling machine market can be segmented into portable drilling machines, hand drills, sensitive drills, bench drills, upright drills,, radial drills,, gang drills,, multiple spindle drillers,, and deep hole drillers,. Portable Drilling Machines are expected to witness highest CAGR during forecast period due high flexibility and easy maneuverability which helps in overcoming space constraints while working on site. Hand Drilling Machine held largest share in 2017 owing its low cost as compared other types of Drill Machines available in Market. Sensitive Drilling Machine are used where accuracy is required more than speed or power such as PCB boards or watch making industry .
Product Definition:
A drilling machine is a power tool that is used to create cylindrical holes in materials. It can be used with a variety of different bits to create holes of various sizes and shapes. The importance of drilling machines lies in their ability to quickly and easily create accurate holes in a variety of materials. This makes them essential for many manufacturing processes, as well as for making repairs or modifications to existing objects.
Portable Drilling Machine:
Portable drilling machine is a device used to drill, bore and cut through the earth using mechanical means. It's operation depends on the power source which may be diesel-powered or electric powered. The portable drilling machine finds its application in various industries such as construction, mining, oil & gas and so on. Construction industry widely uses these machines for constructing roads and buildings etc., while mining industry widely uses them to extract minerals such as coal, iron ore among others from their respective ores.
Hand Drilling Machine:
Hand drilling machine is used in drilling operations by providing a rotary drill press and hand tools. It's working principle is based on simple lever system, which consists of main shaft, spindle, and drill rod. The machine has no power source; it works on the basis of manual energy provided through trigger or brake handle by the operator.
Application Insights:
The metal working application segment led the global drilling machine market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Drilling machines are widely used for various operations such as cutting, grinding, facing, welding and assembling in the manufacturing of steel structures and other metals products. The oil well drilling application segment accounted for a significant share in 2017 owing to its rising demand across major economies including China, India & Australia.
Increasing demand for advanced equipment with enhanced operational efficiency has resulted in increased adoption of sensitive & portable types among onshore oil exploration activities particularly in North America and Europe regions. In addition, technological advancements coupled with high reliability requirements have driven the manufacturers to develop advanced offerings catering to specific needs of onshore oil wells which is expected to further fuel product demand over next seven years or so from 2018-2030 period globally speaking.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing demand for drilling machines from various end-use industries such as construction, automotive and electronics among others. In North America, U.
Asia Pacific is anticipated to be the fastest-growing regional market with a CAGR of XX% over the forecast period on account of rapid industrialization along with increasing infrastructure activities in countries such as China.
The Middle East & Africa region is also anticipated have significant growth opportunities due its large oil reserves which are used by drilling companies for exploration & production (E&P) purposes at different levels including wellhead equipment, downhole tools like motors/gearboxes/cutoff devices etc.
Growth Factors:
- Increasing demand for oil and gas due to growing population and industrialization
- Rising investments in drilling activities by oil and gas companies
- Technological advancements in drilling machines that improve efficiency and reduce costs
- Growing exploration of unconventional hydrocarbon reserves such as shale gas and tight oil
- Expansion of drilling machine market into new geographies
Scope Of The Report
Report Attributes
Report Details
Report Title
Drilling Machine Market Research Report
By Type
Portable Drilling Machine, Hand Drilling Machine, Sensitive Drilling Machine, Bench Drilling Machine, Upright Drilling Machine, Radial Drilling Machine, Gang Drilling Machine, Multiple Spindle Drilling Machine, Deep Hole Drilling Machine
By Application
Wood Working, Metal Working, Oil Well Drilling
By Companies
NewTech Drilling Products, GE(Baker Hughes), Cheston, National Oilwell Varco, Halliburton, Atlas Copco, Torquado Drilling Accessories, DATRON, DMTG, DMG MORI, NewTech Drilling Products
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Drilling Machine Market Report Segments:
The global Drilling Machine market is segmented on the basis of:
Types
Portable Drilling Machine, Hand Drilling Machine, Sensitive Drilling Machine, Bench Drilling Machine, Upright Drilling Machine, Radial Drilling Machine, Gang Drilling Machine, Multiple Spindle Drilling Machine, Deep Hole Drilling Machine
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
Wood Working, Metal Working, Oil Well Drilling
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:
- NewTech Drilling Products
- GE(Baker Hughes)
- Cheston
- National Oilwell Varco
- Halliburton
- Atlas Copco
- Torquado Drilling Accessories
- DATRON
- DMTG
- DMG MORI
- NewTech Drilling Products
Highlights of The Drilling Machine 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:
- Portable Drilling Machine
- Hand Drilling Machine
- Sensitive Drilling Machine
- Bench Drilling Machine
- Upright Drilling Machine
- Radial Drilling Machine
- Gang Drilling Machine
- Multiple Spindle Drilling Machine
- Deep Hole Drilling Machine
- By Application:
- Wood Working
- Metal Working
- Oil Well Drilling
- 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 Drilling Machine 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 drilling machine is a machine used to create holes in various materials. It can be powered by an electric motor or a gas engine.
Some of the major players in the drilling machine market are NewTech Drilling Products, GE(Baker Hughes), Cheston, National Oilwell Varco, Halliburton, Atlas Copco, Torquado Drilling Accessories, DATRON, DMTG, DMG MORI, NewTech Drilling Products.
The drilling machine 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 Drilling Machine 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 Drilling Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drilling Machine 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 Drilling Machine 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 Drilling Machine Market Size & Forecast, 2018-2028
4.5.1 Drilling Machine Market Size and Y-o-Y Growth
4.5.2 Drilling Machine Market Absolute $ Opportunity
Chapter 5 Global Drilling Machine 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 Drilling Machine Market Size Forecast by Type
5.2.1 Portable Drilling Machine
5.2.2 Hand Drilling Machine
5.2.3 Sensitive Drilling Machine
5.2.4 Bench Drilling Machine
5.2.5 Upright Drilling Machine
5.2.6 Radial Drilling Machine
5.2.7 Gang Drilling Machine
5.2.8 Multiple Spindle Drilling Machine
5.2.9 Deep Hole Drilling Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Drilling Machine 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 Drilling Machine Market Size Forecast by Applications
6.2.1 Wood Working
6.2.2 Metal Working
6.2.3 Oil Well Drilling
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drilling Machine 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 Drilling Machine 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 Drilling Machine Analysis and Forecast
9.1 Introduction
9.2 North America Drilling Machine 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 Drilling Machine Market Size Forecast by Type
9.6.1 Portable Drilling Machine
9.6.2 Hand Drilling Machine
9.6.3 Sensitive Drilling Machine
9.6.4 Bench Drilling Machine
9.6.5 Upright Drilling Machine
9.6.6 Radial Drilling Machine
9.6.7 Gang Drilling Machine
9.6.8 Multiple Spindle Drilling Machine
9.6.9 Deep Hole Drilling Machine
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 Drilling Machine Market Size Forecast by Applications
9.10.1 Wood Working
9.10.2 Metal Working
9.10.3 Oil Well Drilling
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 Drilling Machine Analysis and Forecast
10.1 Introduction
10.2 Europe Drilling Machine 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 Drilling Machine Market Size Forecast by Type
10.6.1 Portable Drilling Machine
10.6.2 Hand Drilling Machine
10.6.3 Sensitive Drilling Machine
10.6.4 Bench Drilling Machine
10.6.5 Upright Drilling Machine
10.6.6 Radial Drilling Machine
10.6.7 Gang Drilling Machine
10.6.8 Multiple Spindle Drilling Machine
10.6.9 Deep Hole Drilling Machine
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 Drilling Machine Market Size Forecast by Applications
10.10.1 Wood Working
10.10.2 Metal Working
10.10.3 Oil Well Drilling
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 Drilling Machine Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Drilling Machine 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 Drilling Machine Market Size Forecast by Type
11.6.1 Portable Drilling Machine
11.6.2 Hand Drilling Machine
11.6.3 Sensitive Drilling Machine
11.6.4 Bench Drilling Machine
11.6.5 Upright Drilling Machine
11.6.6 Radial Drilling Machine
11.6.7 Gang Drilling Machine
11.6.8 Multiple Spindle Drilling Machine
11.6.9 Deep Hole Drilling Machine
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 Drilling Machine Market Size Forecast by Applications
11.10.1 Wood Working
11.10.2 Metal Working
11.10.3 Oil Well Drilling
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 Drilling Machine Analysis and Forecast
12.1 Introduction
12.2 Latin America Drilling Machine 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 Drilling Machine Market Size Forecast by Type
12.6.1 Portable Drilling Machine
12.6.2 Hand Drilling Machine
12.6.3 Sensitive Drilling Machine
12.6.4 Bench Drilling Machine
12.6.5 Upright Drilling Machine
12.6.6 Radial Drilling Machine
12.6.7 Gang Drilling Machine
12.6.8 Multiple Spindle Drilling Machine
12.6.9 Deep Hole Drilling Machine
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 Drilling Machine Market Size Forecast by Applications
12.10.1 Wood Working
12.10.2 Metal Working
12.10.3 Oil Well Drilling
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) Drilling Machine Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Drilling Machine 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) Drilling Machine Market Size Forecast by Type
13.6.1 Portable Drilling Machine
13.6.2 Hand Drilling Machine
13.6.3 Sensitive Drilling Machine
13.6.4 Bench Drilling Machine
13.6.5 Upright Drilling Machine
13.6.6 Radial Drilling Machine
13.6.7 Gang Drilling Machine
13.6.8 Multiple Spindle Drilling Machine
13.6.9 Deep Hole Drilling Machine
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) Drilling Machine Market Size Forecast by Applications
13.10.1 Wood Working
13.10.2 Metal Working
13.10.3 Oil Well Drilling
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 Drilling Machine Market: Competitive Dashboard
14.2 Global Drilling Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NewTech Drilling Products
14.3.2 GE(Baker Hughes)
14.3.3 Cheston
14.3.4 National Oilwell Varco
14.3.5 Halliburton
14.3.6 Atlas Copco
14.3.7 Torquado Drilling Accessories
14.3.8 DATRON
14.3.9 DMTG
14.3.10 DMG MORI
14.3.11 NewTech Drilling Products
