Market Overview:
The global horizontal boring machine 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 heavy-duty industrial applications, automotive applications, and other applications. In terms of type, the table segment is expected to lead the global horizontal boring machine market during the forecast period owing to its high accuracy and precision in machining operations. In terms of application, heavy-duty industrial applications are expected to dominate the global horizontal boring machine market during the forecast period as these machines are used for various manufacturing processes in this sector.
Product Definition:
A horizontal boring machine, also known as a horizontal boring mill or simply a boring mill, is a large machine tool used to drill holes in metal parts. It can be used to create accurate diameters and depths on cylindrical parts.
Table:
The global table market is expected to witness significant growth over the forecast period. The market growth can be attributed to factors such as increasing demand for TBM in construction and mining industries, technological advancements in TBM industry, rising number of construction projects especially in Asia Pacific region and increasing penetration of horizontal boring machines especially by key players such as Komatsu Ltd., Caterpillar Inc. & Hitachi Construction Machinery among others.
Planer:
Planer is a machine tool that is used to cut the workpiece with the help of a series of discs or blades mounted on an axle. The discs are rotating at constant speed and feed material is passing between these blades. The working principle of planer can be understand by considering it as a simple drum sander which has more than one moving part but no sanding paper.
Planers are widely used in woodworking, metalworking, stone quarrying.
Application Insights:
The heavy-duty industrial application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to the increasing demand from construction, mining and civil engineering industries for long-hole drilling, etc. Horizontal boring machines are widely used in heavy-duty industrial applications as they offer high rigidity and stability due to its design features such as large mainframe, which reduces vibration significantly.
The automotive application segment is expected to witness significant growth over the forecast period owing to extensive use of horizontal boring machines in vehicle manufacturing plants by major manufacturers such as Toyota Motor Manufacturing Canada Inc., General Motors Company LLC., Volkswagen AG (Sophia), etc. These companies are investing heavily on R&D activities related to HBM technology with an objective to reduce overall production cost while enhancing productivity at automobile manufacturing plants thereby driving the market growth during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed significant demand for HBM from China, Australia, Japan, South Korea and India. This can be attributed to increasing investments in infrastructure development along with rising industrialization and construction activities across these countries.
The growing need for heavy-duty machines across various industries including mining, automotive & transportation, oil & gas is also expected to drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for Horizontal Boring Machine in the construction and infrastructure sector due to the growth of urbanization and industrialization.
- Rising demand for Horizontal Boring Machine from the oil & gas industry due to increasing exploration and production activities across the globe.
- Growing demand for Horizontal Boring Machine in mining applications as it helps reduce drilling time and improve productivity.
- Increasing adoption of horizontal boring machines in tunneling applications as they offer high accuracy, reliability, and safety compared to traditional methods such as blasting & drilling.
Scope Of The Report
Report Attributes
Report Details
Report Title
Horizontal Boring Machine Market Research Report
By Type
Table, Planer, Floor
By Application
Heavy-duty Industrial, Automotive, Other
By Companies
WEINIG, IMA, Biesse, SCM, MARTIN, Cantek, Vitap, Maggi Technology, Holytek, Fulpow, WEINIG, Mas Woodworking Machinery & Equipment Co., Ltd., Shanghai Yuetong Woodworking Machine Equipment Co., Ltd., Unisunx, HuaShunchang, KDT Woodworking MachineryCorporation
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Horizontal Boring Machine Market Report Segments:
The global Horizontal Boring Machine market is segmented on the basis of:
Types
Table, Planer, Floor
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
Heavy-duty Industrial, Automotive, 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:
- WEINIG
- IMA
- Biesse
- SCM
- MARTIN
- Cantek
- Vitap
- Maggi Technology
- Holytek
- Fulpow
- WEINIG
- Mas Woodworking Machinery & Equipment Co., Ltd.
- Shanghai Yuetong Woodworking Machine Equipment Co., Ltd.
- Unisunx
- HuaShunchang
- KDT Woodworking MachineryCorporation
Highlights of The Horizontal Boring 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:
- Table
- Planer
- Floor
- By Application:
- Heavy-duty Industrial
- Automotive
- 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 Horizontal Boring 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 horizontal boring machine is a machine used to create holes in the ground. It typically has a series of rotating cutting blades that create the hole.
Some of the major players in the horizontal boring machine market are WEINIG, IMA, Biesse, SCM, MARTIN, Cantek, Vitap, Maggi Technology, Holytek, Fulpow, WEINIG, Mas Woodworking Machinery & Equipment Co., Ltd., Shanghai Yuetong Woodworking Machine Equipment Co., Ltd., Unisunx, HuaShunchang, KDT Woodworking MachineryCorporation.
The horizontal boring 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 Horizontal Boring 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 Horizontal Boring Machine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Horizontal Boring 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 Horizontal Boring 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 Horizontal Boring Machine Market Size & Forecast, 2020-2028
4.5.1 Horizontal Boring Machine Market Size and Y-o-Y Growth
4.5.2 Horizontal Boring Machine 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 Table
5.2.2 Planer
5.2.3 Floor
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 Heavy-duty Industrial
6.2.2 Automotive
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Horizontal Boring 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 Horizontal Boring 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 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 Table
9.6.2 Planer
9.6.3 Floor
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 Heavy-duty Industrial
9.10.2 Automotive
9.10.3 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 Table
10.6.2 Planer
10.6.3 Floor
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 Heavy-duty Industrial
10.10.2 Automotive
10.10.3 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 Table
11.6.2 Planer
11.6.3 Floor
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 Heavy-duty Industrial
11.10.2 Automotive
11.10.3 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 Table
12.6.2 Planer
12.6.3 Floor
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 Heavy-duty Industrial
12.10.2 Automotive
12.10.3 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 Table
13.6.2 Planer
13.6.3 Floor
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 Heavy-duty Industrial
13.10.2 Automotive
13.10.3 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 Horizontal Boring Machine Market: Competitive Dashboard
14.2 Global Horizontal Boring Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WEINIG
14.3.2 IMA
14.3.3 Biesse
14.3.4 SCM
14.3.5 MARTIN
14.3.6 Cantek
14.3.7 Vitap
14.3.8 Maggi Technology
14.3.9 Holytek
14.3.10 Fulpow
14.3.11 WEINIG
14.3.12 Mas Woodworking Machinery & Equipment Co., Ltd.
14.3.13 Shanghai Yuetong Woodworking Machine Equipment Co., Ltd.
14.3.14 Unisunx
14.3.15 HuaShunchang
14.3.16 KDT Woodworking MachineryCorporation
