Deep Hole Drilling Machines Market by Type, Operation, End-User Industry, and Business Type : Global Opportunity Analysis and Industry Forecast, 2020–2027
- February 2021 •
- 517 pages •
- Report ID: 6062979 •
- Format: PDF
Deep Hole Drilling Machines Market by Type (BTA Machines, Gun Drilling Machines, and Skiving & Burnishing Machines), Operation (CNC and Non-CNC), End-User Industry (Oil & Gas, Medical, Automotive, Construction & Mining Equipment, Energy, Die & Mold, Aerospace, Heat Exchanger Tube Sheet, Military & Defense, and Others), and Business Type (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2027
The global deep hole drilling machines market size was valued at $611.1 million in 2019 and is projected to reach $784.1 million by 2027, registering a CAGR of 6.2% from 2020 to 2027. Deep hole drilling machines designed for drilling deep holes, with depth-to-diameter (D:d) more than 10:1. In addition, deep holes up to 400:1 D:d ratio can also be obtained using deep hole drilling machines. These machines have applications across various industries, which require straight and accurately drilled workpieces. Moreover, deep hole drilling can be achieved by three basic processes, namely, rotating tool, rotating workpiece, and counter-rotating tool and workpiece.
Increase in focus on mining activates drive demand for deep hole drilling machines in manufacturing mining equipment. In addition, surge in requirement of high accuracy parts in machines & equipment drives the deep hole drilling machines market globally. Moreover, use of highly precise surgical tools in medical applications has led to increase in demand for deep hole drilling machines to manufacture these high precise surgical tools.
However, high price of the deep hole drilling machines acts as restraint to the market. Moreover, growing market of e-vehicles has reduced the number of components in automobile, thus acting as restraint to the deep hole drilling machines market. On the contrary, industrialization and developments in developing countries will act as opportunity to the deep hole drilling machines market
Features such as flexible automation, automatic tray handling, automatic pellet changing, and others reduce manufacturing time as well as help in reducing wastage of materials. This reduces manufacturing costs and increases productivity, which boosts growth of the deep hole drilling machines market.
However, unavailability of skilled labor in the manufacturing industry is one of the important restrains for growth of the deep hole drilling machines market. Deep hole drilling machines have complicated configurations, and achieving desirable results require extensive training of operators. Hence, lack of skilled labor restrains growth of the market. Moreover, fluctuations in raw material prices also hinders growth of the deep hole drilling machines market significantly. On the contrary, advancements in manufacturing machinery and industrial automation are anticipated to create a demand for highly precise deep hole drilling machines; which creates opportunities for growth of the deep hole drilling machines market.
The global deep hole drilling machines market is segmented on the basis of type, operation, end-user industry, business type, and region. By type, the deep hole drilling machines market is divided into BTA drilling machines, gun drilling machines and skiving & burnishing machines. According to operation, it is categorized into CNC and non-CNC. By end-user industry, it is classified into oil & gas, medical, automotive, construction & mining equipment, energy, die & mold, aerospace, heat exchanger tube sheet, military & defense and others. On the basis of business type, it is bifurcated into OEM and aftermarket. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Russia, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Vietnam, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key market players profiled in the report include Entrust Manufacturing Technologies, Inc., HONG JI Precision Machinery Ltd., Hochent (Shanghai) Machinery Development Co., Ltd. (HTT), KGD. Co., Ltd. (Korea Gundrill), I.M.S.A. S.r.l., Mollart Engineering Limited, TBT Tiefbohrtechnik GmbH + Co., TIBO Tiefbohrtechnik GmbH, Cheto Corporation S.A., Galbiati Costruzioni Meccaniche S.r.l., Loch Präzisions Bohrtechnik GmbH, Kennametal Inc., (WIDMA- Machining Solutions Group), Frankor Hydraulics, Precihole Machine Tools, and Kays Engineering, Inc.
Many competitors in the deep hole drilling machines market adopted product launch as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in November 2019, the company TIBO Tiefbohrtechnik GmbH based in Germany launched the HMI gun drilling machine at the EMO 2019 exhibition. The new machine includes operable 15” touch panel, which enables easy-to-use programming and better supervision over the drilling process. The product launch is aimed at enhancing TIBO’s product portfolio globally. Similarly, in May 2020, the company UNISIG, a subsidiary of Entrust, launched two new models to its USC-M series of deep hole drilling machines. The models include USC-2M and USC-3M, which can perform both milling and gun drilling functions. The product launch is aimed at enhancing UNISIG’s product offering is an effort for committing toward consumer needs.
KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging global deep hole drilling machines market trends and dynamics.
? In-depth analysis of the market is conducted by constructing market estimations for key market segments between 2019 and 2027.
? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
? A comprehensive deep hole drilling machines market opportunity analysis of all the countries is also provided in the report.
? The global deep hole drilling machines market forecast analysis from 2020 to 2027 is included in the report.
? The key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry.
GLOBAL DEEP HOLE DRILLING MACHINES MARKET SEGMENTS
• BTA Machines
• Gun Drilling Machines
• Skiving & Burnishing Machines
BY END-USER INDUSTRY
• Oil & Gas
• Construction & Mining Equipment
• Die & Mold
• Heat Exchanger Tube Sheet
• Military & Defense
BY BUSINESS TYPE
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
• Entrust Manufacturing Technologies, Inc (UNISIG)
• HONG JI Precision Machinery Ltd.
• Hochent (Shanghai) Machinery Development Co., Ltd (HTT)
• KGD. Co., Ltd. (Korea Gundrill)
• I.M.S.A. S.r.l.
• Mollart Engineering Limited
• TBT Tiefbohrtechnik GmbH + Co.
• TIBO Tiefbohrtechnik GmbH
• Cheto Corporation S.A.
• Galbiati Costruzioni Meccaniche S.r.l.
• Loch Präzisions Bohrtechnik GmbH
• Kennametal India Limited (WIDMA _Machining Solutions Group)
• Frankor Hydraulics
• Kays Engineering Inc
• Precihole Machine Tools Pvt Ltd.