Market Overview:
The Global Exchangeable Tip Drill 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 exchangeable tip drills in metal, wood, concrete, plastic and other applications. Additionally, the growing demand for high-speed drilling in end-use industries is also propelling the growth of the global exchangeable tip drill market. However, factors such as volatility in raw material prices and stringent government regulations may hamper the market growth during the forecast period. On basis of type, straight shank accounted for a major share of 69% in 2017 and is projected to grow at a CAGR of 5% during 2018-2030 owing to its wide usage across various applications including metalworking, woodworking and others.
Product Definition:
The Exchangeable Tip Drill is a tool used to create precision holes in a workpiece. The drill bit can be easily changed, making it an ideal choice for drilling multiple hole sizes.
Straight Shank:
The straight shank is the drill bit which has a cylindrical hole in its center. The size of this hole varies according to the type of drill bit. It can be used with hand-held drills, electric drills, and power drills among others. This drilling equipment is widely used for producing holes in various materials such as wood, plastic, ceramics or metals among others.
Taper Shank:
The taper shank is a drill bit type that has gradually tapered sides which allow the bit to follow the desired shape as it is being driven into the wood. The taper shank allows for better drilling control and precision especially when using larger diameter bits. Taper shanks are available in various sizes depending on what kind of project one needs to do.
Application Insights:
The metal application segment led the global exchangeable tip drill market and accounted for more than 45.0% share of the total revenue in 2017. The growth can be attributed to increasing demand for such products from various end-use industries, including construction, automotive, machine tools and medical equipment. In addition to this, growing investments by governments in infrastructure development are expected to boost product demand over the forecast period.
Wood is another major application segment where such products are used for drilling holes into wood panels or wooden structures without any damage caused to them due to their high hardness. Exchangeable tip drills with a straight shank are used for drilling small pilot holes while those with taper shanks are preferred for large pilot holes or regular screws depending upon their size and diameter as per requirement of clientele who purchase these products from hardware stores or lumberyards.
Regional Analysis:
Asia Pacific dominated the global exchangeable tip drill market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing construction activities and growing automotive industry in developing countries such as China, India, and Japan. Moreover, rising disposable income coupled with a high population growth rate will boost demand for consumer electronics products such as mobiles phones and laptops which require precision drills for assembly operations thereby driving the regional market further.
The North American market is anticipated to grow at a significant rate over the forecast period owing to an increase in infrastructure development projects along with stringent government regulations regarding workplace injuries caused by power tools among others are some of the factors that have slowed down or prevented workers from using traditional hand tools resulting into increased adoption of exchangeable tip drills instead thus boosting demand for these devices across this region.
Growth Factors:
- Increasing demand from construction and mining industry for efficient drilling operations.
- Rising popularity of exchangeable tip drill bits among contractors, owing to their easy replacement feature.
- Growing demand for high-performance drill bits in the automotive and aerospace industries.
- Technological advancements in the design of exchangeable tip drill bits that offer improved performance and longer life span.
Scope Of The Report
Report Attributes
Report Details
Report Title
Exchangeable Tip Drill Market Research Report
By Type
Straight Shank, Taper Shank, Others
By Application
Metal, Wood, Concrete, Plastic, Other
By Companies
Sandvik Coromant, SECO, Nikko Tools, Kyocera, OSG, Guhring Group, Sumitomo, Mapal, Irwin Tool
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Exchangeable Tip Drill Market Report Segments:
The global Exchangeable Tip Drill market is segmented on the basis of:
Types
Straight Shank, Taper Shank, Others
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
Metal, Wood, Concrete, Plastic, 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:
- Sandvik Coromant
- SECO
- Nikko Tools
- Kyocera
- OSG
- Guhring Group
- Sumitomo
- Mapal
- Irwin Tool
Highlights of The Exchangeable Tip Drill 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:
- Straight Shank
- Taper Shank
- Others
- By Application:
- Metal
- Wood
- Concrete
- Plastic
- 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 Exchangeable Tip Drill 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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- Consumer Insights
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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?
Exchangeable tip drill is a type of tipping that allows customers to leave tips in any form, such as cash, credit card tips, or even gift cards. This allows diners to choose the method of payment that is most comfortable for them.
Some of the key players operating in the exchangeable tip drill market are Sandvik Coromant, SECO, Nikko Tools, Kyocera, OSG, Guhring Group, Sumitomo, Mapal, Irwin Tool.
The exchangeable tip drill 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 Exchangeable Tip Drill 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 Exchangeable Tip Drill Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Exchangeable Tip Drill 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 Exchangeable Tip Drill 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 Exchangeable Tip Drill Market Size & Forecast, 2020-2028
4.5.1 Exchangeable Tip Drill Market Size and Y-o-Y Growth
4.5.2 Exchangeable Tip Drill 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 Straight Shank
5.2.2 Taper Shank
5.2.3 Others
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 Metal
6.2.2 Wood
6.2.3 Concrete
6.2.4 Plastic
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Exchangeable Tip Drill 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 Exchangeable Tip Drill 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 Straight Shank
9.6.2 Taper Shank
9.6.3 Others
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 Metal
9.10.2 Wood
9.10.3 Concrete
9.10.4 Plastic
9.10.5 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 Straight Shank
10.6.2 Taper Shank
10.6.3 Others
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 Metal
10.10.2 Wood
10.10.3 Concrete
10.10.4 Plastic
10.10.5 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 Straight Shank
11.6.2 Taper Shank
11.6.3 Others
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 Metal
11.10.2 Wood
11.10.3 Concrete
11.10.4 Plastic
11.10.5 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 Straight Shank
12.6.2 Taper Shank
12.6.3 Others
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 Metal
12.10.2 Wood
12.10.3 Concrete
12.10.4 Plastic
12.10.5 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 Straight Shank
13.6.2 Taper Shank
13.6.3 Others
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 Metal
13.10.2 Wood
13.10.3 Concrete
13.10.4 Plastic
13.10.5 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 Exchangeable Tip Drill Market: Competitive Dashboard
14.2 Global Exchangeable Tip Drill Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sandvik Coromant
14.3.2 SECO
14.3.3 Nikko Tools
14.3.4 Kyocera
14.3.5 OSG
14.3.6 Guhring Group
14.3.7 Sumitomo
14.3.8 Mapal
14.3.9 Irwin Tool
