Market Overview:
The global high speed drills and drill bits 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 high speed drills and drill bits in construction, transport, industrial, and consumer electronics applications. Additionally, the growing demand for these products in emerging economies is also contributing to the growth of this market.
Product Definition:
High speed drills are special drill bits that are designed to cut through metal quickly. They have a sharp point and a spiral flute that helps remove the metal chips from the hole. High speed drills are used for drilling holes in metal parts or for removing broken screws.
High Speed Drills:
High speed drills are used to create a larger opening in the material than is possible with normal hand tools. High speed steel-based drilling equipment can drill through most materials at speeds of more than 3,000 ft/min. The primary applications include woodworking, metal working, plastic working and concrete work among others. It also finds application in aerospace and automotive industries for making large holes in aircraft wings or car body panels for example.
Drill Bits:
A drill bit is a device used in high speed drills and it's main function is to create a circular motion by spinning the drill. It consists of an inner core or shank, which is mounted in the machine, and an outer cup that rotates around this shank. The cups are made from different materials such as steel, titanium or other metals like cast iron etc., depending upon the type of drilling required.
Application Insights:
The construction application segment led the global high speed drills and drill bits market in 2017. The growth of this segment is attributed to the increasing number of infrastructure projects across the globe. For instance, according to a study by Wood Mackenzie, it was estimated that around USD 1.5 trillion worth of infrastructure projects are currently ongoing globally which includes residential buildings, office spaces and factories among others. This trend is expected to continue over the forecast period thus driving demand for high-speed tools such as impact drivers in construction activities over the coming years.
The industrial application segment accounted for more than 20% share of total revenue in 2017 owing to rising demand from various industries including automotive, aerospace and defense among others for drilling operations on a daily basis with higher precision.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing infrastructure activities in emerging economies, such as China and India. In addition, rising demand for consumer electronics products is anticipated to drive high speed drills and drill bits industry growth in this region.
The Asia Pacific was followed by Europe with a share of over 20% in 2017 owing to growing construction activities across European countries, including Germany, Italy, France and U.K., which are anticipated to propel product demand during the forecast period. North America also accounted for a significant share of global revenue due to an increase in drilling activities associated with oil exploration along with other applications across U.S.
In Middle East & Africa (MEA), high speed drills are used widely for industrial applications such as metal cutting.
Growth Factors:
- Increasing demand for high speed drills and drill bits in the automotive and aerospace industries due to the growing need for precision drilling.
- Rising demand from construction and infrastructure sectors owing to the increasing spending on these sectors globally.
- Growing popularity of DIY (Do It Yourself) projects, which is resulting in an increase in demand for high speed drills and drill bits from consumers across the world.
- Technological advancements that are making high speed drills and drill bits more efficient, durable, and affordable are driving their adoption across various end-use industries worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Speed Drills and Drill Bits Market Research Report
By Type
High Speed Drills, Drill Bits
By Application
Construction, Transport, Industrial, Consumer Electronics
By Companies
Addison, Aloris Tool Technology, BIG Kaiser Precision Tooling, Bohler Uddeholm Corporation, Crucible Industries, DeWALT, Erasteel SAS, Guhring, Kennametal, LMT Onsrud LP, Addison, Morse Cutting Tools, Nachi-Fujikoshi Corporation, Nachi America
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global High Speed Drills and Drill Bits Market Report Segments:
The global High Speed Drills and Drill Bits market is segmented on the basis of:
Types
High Speed Drills, Drill Bits
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
Construction, Transport, Industrial, Consumer Electronics
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:
- Addison
- Aloris Tool Technology
- BIG Kaiser Precision Tooling
- Bohler Uddeholm Corporation
- Crucible Industries
- DeWALT
- Erasteel SAS
- Guhring
- Kennametal
- LMT Onsrud LP
- Addison
- Morse Cutting Tools
- Nachi-Fujikoshi Corporation
- Nachi America
Highlights of The High Speed Drills and Drill Bits 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:
- High Speed Drills
- Drill Bits
- By Application:
- Construction
- Transport
- Industrial
- Consumer Electronics
- 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 High Speed Drills and Drill Bits 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
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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?
High speed drills and drill bits are tools used to create holes in various materials. They can be used for a variety of purposes, including drilling through wood, metal, and other materials.
Some of the key players operating in the high speed drills and drill bits market are Addison, Aloris Tool Technology, BIG Kaiser Precision Tooling, Bohler Uddeholm Corporation, Crucible Industries, DeWALT, Erasteel SAS, Guhring, Kennametal, LMT Onsrud LP, Addison, Morse Cutting Tools, Nachi-Fujikoshi Corporation, Nachi America.
The high speed drills and drill bits 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 High Speed Drills and Drill Bits 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 High Speed Drills and Drill Bits Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Speed Drills and Drill Bits 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 High Speed Drills and Drill Bits 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 High Speed Drills and Drill Bits Market Size & Forecast, 2020-2028
4.5.1 High Speed Drills and Drill Bits Market Size and Y-o-Y Growth
4.5.2 High Speed Drills and Drill Bits 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 High Speed Drills
5.2.2 Drill Bits
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 Construction
6.2.2 Transport
6.2.3 Industrial
6.2.4 Consumer Electronics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Speed Drills and Drill Bits 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 High Speed Drills and Drill Bits 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 High Speed Drills
9.6.2 Drill Bits
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 Construction
9.10.2 Transport
9.10.3 Industrial
9.10.4 Consumer Electronics
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 High Speed Drills
10.6.2 Drill Bits
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 Construction
10.10.2 Transport
10.10.3 Industrial
10.10.4 Consumer Electronics
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 High Speed Drills
11.6.2 Drill Bits
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 Construction
11.10.2 Transport
11.10.3 Industrial
11.10.4 Consumer Electronics
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 High Speed Drills
12.6.2 Drill Bits
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 Construction
12.10.2 Transport
12.10.3 Industrial
12.10.4 Consumer Electronics
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 High Speed Drills
13.6.2 Drill Bits
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 Construction
13.10.2 Transport
13.10.3 Industrial
13.10.4 Consumer Electronics
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 High Speed Drills and Drill Bits Market: Competitive Dashboard
14.2 Global High Speed Drills and Drill Bits Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Addison
14.3.2 Aloris Tool Technology
14.3.3 BIG Kaiser Precision Tooling
14.3.4 Bohler Uddeholm Corporation
14.3.5 Crucible Industries
14.3.6 DeWALT
14.3.7 Erasteel SAS
14.3.8 Guhring
14.3.9 Kennametal
14.3.10 LMT Onsrud LP
14.3.11 Addison
14.3.12 Morse Cutting Tools
14.3.13 Nachi-Fujikoshi Corporation
14.3.14 Nachi America
