Global Drilling Machine Market Report, Size, Share, Opportunities And Trends By Machine Type (Portable Drilling Machine, Bench Drilling Machine, Pillar Drilling Machine, Depp Hole Drilling Machine, Others), By Operation Type (Drilling, Reaming, Boring, Taping, Others), By End-User (Construction, Transportation, Mining, Others), And By Geography - Forecasts From 2025 To 2030

Description

Drilling Machine Market Size:

The global drilling machine Market is expected to grow from USD 29.775 billion in 2025 to USD 37.121 billion in 2030, at a CAGR of 4.51%.

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A drilling machine is a simple, moderate, and accurate tool used in almost all production shops and tool rooms. It is used to make circular holes in the workpiece. A variety of drilling machines have been produced, each serving a different purpose have been designed over the years to increase production efficiency. These include construction drills, well drills, thermal drills, etc. As the need for clean and renewable sources of energy is increasing daily, governments across the world are investing in the manufacturing and supply of these sources. For instance, in December 2022, the U.S. Department of Energy announced that around $15 million will be used to fund projects that will significantly improve the rates of geothermal drills to reduce the cost of producing geothermal energy. Such initiatives cause tremendous growth in the global drilling markets.

Drilling Machine Market Drivers:

• Increased demand for drilling in construction, manufacturing, mining and automotive industries boosts the market growth

The construction and automotive industries are two of the key end-users of drilling machines. The constant rise of these two industries ensures the growth of the drilling machine markets. The constant global growth of these industries is directly related to the growth of the drilling markets. According to the International Energy Agency, there was a 46% increase in the sales of new vehicles globally in 2021. The United States and China showed the largest percentage of manufacturing and deployment of vehicles. Another example would be the increase in mining activities all across the globe. For instance, according to the National Bureau of Statistics of China, the mining production in the country increased by 4.90% in December 2022. Also, the data from U.S. Census Bureau indicates that the value of construction spending was $1,792.9 billion in 2022. This was a 10.2% rise from 2021. The constant growth in these markets is a key factor in the growth of the drilling machine market.

• The need for oil and gas will improve the market growth

According to the U.S. Energy Information Administration, the overall consumption of petroleum was about 19.78 million barrels per day in 2021. Transportation required the major share of petroleum followed by industrial usage. Also, the data from the International Energy Agency shows that the global consumption of natural gas went up from 62,532,128.0 TJ in 2010 to around 75,913,516.0 TJ in 2020. Thus, these stats show us that the demand and consumption of oil and natural gas keep on increasing year by year. The drilling markets will see an exponential increase because of this since oil and natural gas are extracted from below the earth’s surface making use of drilling equipment.

Drilling Machine Market Geographical Outlook:

• Asia Pacific region is expected to hold a major share in the market

China is the market leader in drilling machines. This is because of the heavy usage of these machines in the construction and automation industries of the country. According to OICA, there has been a 3% increase in vehicle production between 2020 and 2021 in China. India has seen a growth of 30% in vehicle production for the same period as indicated by OICA. Drilling machines are an integral part of the manufacturing of vehicles, and this is why the drilling machine market sees growth when the automotive industry rises. The increased demand for oil and natural gas in these regions also accounts for the growth in this market. For instance, in August 2022, ONGC announced a five-year drilling plan to drill around 110 to 130 wells every year in offshore shallow and deep water territories. Thus, these steps were taken by governments across the globe to help in the rise of global drilling markets.

Drilling Machine Market Scope:

Drilling Machine Market Segmentation

• By Type
  • Portable Drilling
  • Radial Drilling
  • Sensitive/ Bench Drilling Machine
  • Deep Hole Drilling Machine
  • Others
• By Operation
  • Drilling
  • Reaming
  • Boring
  • Tapping
  • Others
• By End-User
  • Construction
  • Automotive
  • Aerospace & Defense
  • Electronics
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. GLOBAL DRILLING MACHINE MARKET BY TYPE

5.1. Introduction

5.2. Portable Drilling

5.3. Radial Drilling

5.4. Sensitive/ Bench Drilling Machine

5.5. Deep Hole Drilling Machine

5.6. Others

6. GLOBAL DRILLING MACHINE MARKET BY OPERATION

6.1. Introduction

6.2. Drilling

6.3. Reaming

6.4. Boring 

6.5. Tapping

6.6. Others

7. GLOBAL DRILLING MACHINE MARKET BY END-USER

7.1. Introduction

7.2. Construction

7.3. Automotive

7.4. Aerospace & Defense

7.5. Electronics

7.6. Others

8. GLOBAL DRILLING MACHINE MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Australia

8.6.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. DMG Mori

10.2. Shenyang Machine Tool Corp, Ltd

10.3. Fehlmann AG

10.4. ERNST LENZ Maschinenbau GmbH

10.5. Gate Machinery International Ltd

10.6. Entrust Manufacturing Technologies Inc. 

10.7. CHETO Corporation SA

10.8. Precihole Machine Tools

10.9. DeWalt

10.10. CLIMAX

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

DMG Mori

Shenyang Machine Tool Corp ltd

Fehlmann AG

ERNST LENZ Maschinenbau GmbH

Gate Machinery International Ltd

Entrust Manufacturing Technologies Inc. 

CHETO Corporation SA

Precihole Machine Tools

DeWalt

CLIMAX

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