Deep Hole Drilling Machines Market 2023-2028: Industry Size, Share, Growth Drivers, Report
According to IMARC Group latest report titled “Deep Hole Drilling Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on deep hole drilling machines market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global deep hole drilling machines market size reached US$ 562.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 784.2 Million by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.
A deep hole drilling machine is mechanical equipment used for creating deep and precise holes through metals. They are utilized on several metals, such as alloy and stainless steel, aluminum, titanium, cast iron, and copper alloys, and consist of a cutting tool or a drill, which is fitted into the internal spindle taper. They are generally available in the form of a gun or boring and trepanning association (BTA) drills in which the gun uses a single flute cutting tool to create a precise, deep hole with a high aspect ratio, whereas BTA drilling machine utilizes a multi-flute cutting tool and are well suited for drilling large diameter deep holes. As a result, they provide numerous advantages, including high cutting speed, high precision, and the ability to drill through hard and brittle materials.
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Market Trends:
The increasing product demand from the automotive industry is driving the global market. Moreover, the wide utilization of deep hole drilling machines in the mining industry to produce heavy tools, such as drilling rods, drill bits, and parts for rock drills, is catalyzing the market across the globe. In line with this, continuous product innovations, including the development of multi-purpose material removal machines, which consist of multiple cutting equipment in a single machine, are also contributing to the overall growth. Apart from this, numerous leading players are focusing on extensive research and development (R&D) activities to improve the performance and efficiency of deep hole drilling machines, this is providing a boost to the demand. Other factors, such as rapid industrialization, and the growing preference for automation, are projected to propel the market further.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Cheto Corporation SA
- Frankor Capital Corporation
- Galbiati Costruzioni Meccaniche S.r.l.
- Hochent(Shanghai)Machinery Development Co. Ltd.
- HONG JI PRECISION MACHINERY LTD
- M.S.A S.r.l
- Kays Engineering, Inc.
- Kennametal Inc.
- TIBO Tiefbohrtechnik GmbH
- UNISIG
Deep Hole Drilling Machines Market Segmentation:
Our report has categorized the market based on region, type, operation, business type and end-user industry.
Breakup by Type:
- BTA Machines
- Gun Drilling Machines
- Skiving and Burnishing Machines
Breakup by Operation:
- CNC
- Non-CNC
Breakup by Business Type:
- Original Equipment Manufacturer (OEM)
- Aftermarket
Breakup by End-user Industry:
- Oil and Gas
- Medical
- Automotive
- Construction and Mining
- Energy
- Aerospace
- Military and Defense
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
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