Portable Drilling Machine Market Size, Share, Opportunities, And Trends By Diameter (8-10mm, Above 10mm), By Substrate (Wood, Plastic, Metal, Concrete), By End-User (Woodworkers, Electricians, Plumbers, Industrial Workers, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jul 2023
- Report Code : KSI061615672
- Pages : 140
The portable drilling machine market is expected to grow at a CAGR of 6.04% from a market size of US$4.256 billion in 2021 to reach US$6.418 billion in 2028.
The portable drilling machine offers the convenience of being easily transported and utilized within any area of the workshop. Its purpose is to create holes in workpieces from various angles and positions, surpassing the limitations of a conventional fixed drilling machine. The portable drilling machine caters to the needs of a diverse range of professionals with its versatility and mobility, including woodworkers, electricians, plumbers, and industrial workers. The booming infrastructure development and construction projects play a pivotal role in driving the growth of the portable drilling machine industry.
Increasing construction projects bolster the portable drilling machine market growth.
The demand for portable drilling machines is closely linked to the need for drilling holes in various construction applications. These machines are essential tools for general construction activities. The rise in infrastructure development and construction projects coupled with population growth has boosted the demand for portable drilling machines substantially. According to the U.S. Census Bureau, In May 2023, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported that building permits reached a seasonally adjusted annual rate of 1,491,000, while housing starts stood at 1,631,000, and housing completions reached 1,518,000. These numbers reflect a thriving industry with strong demand for construction projects.
Increasing electrician employment drives the portable drilling machine market expansion.
Portable drilling machines provide electricians with the flexibility and mobility required for drilling holes in various electrical installations, maintenance tasks, and construction projects. The growing usage of portable drilling machines by electricians is a key driver behind the expansion of the market and as the employment of electricians continues to rise, the demand for portable drilling machines increases as well. According to the U.S. Bureau of Labour Statistics, the number of electrician jobs in the United States experienced significant growth from 656,510 in 2020 to 711,200 in 2021, indicating a notable increase. This upward trend reflects the rising demand for skilled electricians.
Rise in DIY culture drive portable drilling machine market growth.
The surge in demand for portable drilling machines among homeowners and hobbyists can be attributed to the growing popularity of the do-it-yourself (DIY) culture and the increasing number of home improvement activities. DIY enthusiasts are seeking to personalize their living spaces, enhance property value, and experience the satisfaction of completing projects on their own. Portable drilling machines have become favoured tools in this movement due to their user-friendly nature, affordability, and widespread availability. These machines enable DIYers to efficiently drill holes for various purposes, such as hanging shelves, installing fixtures, or assembling furniture, while being accessible to individuals with varying levels of experience or technical skills.
Asia-Pacific is expected to be the market leader.
Asia-Pacific is anticipated to dominate the portable drilling machine market owing to the region’s booming manufacturing sector, particularly in countries like China, India, and Japan which is contributing to the high demand for portable drilling machines. Moreover, the growing infrastructure development, construction projects, and rapid industrialization in Asia-Pacific further fuel the market's expansion. Additionally, initiatives promoting wooden furniture production, such as sustainable forestry practices and the rising popularity of eco-friendly designs, have created a substantial market for portable drilling machines in the region. For instance, In September 2022, the Indian government proposed a Production Linked Incentive (PLI) scheme to stimulate domestic manufacturing and enhance exports in the furniture industry.
Alternative technology availability will restrain the portable drilling machine industry's growth.
The growth of the portable drilling machine industry can be restrained by the availability of alternative technologies that cater to specific drilling requirements. Laser drilling, water jet cutting, and CNC machines are examples of such alternatives, which can offer higher efficiency and cost-effectiveness in certain applications. As these alternative methods provide viable options, there may be a reduced demand for portable drilling machines, impacting the market's growth. For instance, in January 2023, CERATIZIT unveiled an innovative waterjet nozzle portfolio, offering a range of benefits for cutting applications. This new portfolio ensures extremely smooth cut edges while minimizing thermal stress and the need for post-processing.
- MAB Series Electric Portable Magnetic Drills: CS Unitec offers the MAB series electric portable magnetic drills, designed with user convenience and durability in mind. These drills feature integrated cable routing within the casing, ensuring that cables do not get caught, tear, or snap off during operation. The controls are ergonomically positioned for ease of use, allowing operators to work comfortably for extended periods. The heavy-duty metal gear selector knob enhances the overall ruggedness of the drill. Additionally, the drills are equipped with a permanently sealed lifetime oil bath gearbox lubrication system, eliminating the need for regular maintenance.
- HT20: The ENERPAC HT20 is a portable drilling machine that offers a range of features to ensure accuracy, rigidity, and efficient operation. Equipped with linear rails and guides, it delivers precise drilling results while maintaining stability during use. The machine supports both manual and auto-feed operation, allowing users to choose the most suitable mode for their drilling needs. With MT4 / ISO spindles, it provides versatility and compatibility with various drilling applications. The HT20 boasts a robust and precisely constructed design, ensuring durability and longevity. Its high torque geared spindles enable efficient drilling even in tough materials.
- KPT563: KPT563, manufactured by KPT Industries, is a handy and lightweight yet durable percussion drill. Designed with toughness in mind, this drill can withstand rigorous use. It features a well-balanced speed and impact, providing optimal drilling progress and efficiency. Whether engaged in general construction work, plumbing projects, or electrical contracting tasks, the KPT563 is a perfect choice. Its versatility and reliability make it a valuable tool for professionals in various industries.
- TD0101: Makita Corporation's TD0101 model offers a compact design that ensures optimal handling and maneuverability. With its externally accessible carbon brush, maintenance becomes convenient and hassle-free. The ergonomic design of the tool minimizes strain on the wrist when fastening screws, ensuring user comfort during extended use. Additionally, the TD0101's impressive feature enables the driving of screws without the need for pre-drilling pilot holes, streamlining the fastening process and saving valuable time.
Portable Drilling Machine Market Scope:
|Market Size Value in 2021||US$4.256 billion|
|Market Size Value in 2028||US$6.418 billion|
|Growth Rate||CAGR of 6.04% from 2021 to 2028|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Diameter, Substrate, End-User, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||CS Unitec, Inc., ENERPAC, Robert Bosch GmbH, KYNKO INDUSTRIAL LIMITED, Festool GmbH, Makita Corporation, KPT Industries, Stryker, Koki Holdings Co., Ltd, FEIN Power Tools, Inc|
|Customization Scope||Free report customization with purchase|
- By Diameter
- Above 10mm
- By Substrate
- By End-User
- Industrial Workers
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. PORTABLE DRILLING MACHINE MARKET ANALYSIS, BY DIAMETER
5.2. 8 – 10mm
5.3. Above 10mm
6. PORTABLE DRILLING MACHINE MARKET ANALYSIS, BY SUBSTRATE
7. PORTABLE DRILLING MACHINE MARKET ANALYSIS, BY END-USER
7.5. Industrial Workers
8. PORTABLE DRILLING MACHINE MARKET ANALYSIS, BY GEOGRAPHY
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. CS Unitec, Inc.
10.3. Robert Bosch GmbH
10.4. KYNKO INDUSTRIAL LIMITED
10.5. Festool GmbH
10.6. Makita Corporation
10.7. KPT Industries
10.9. Koki Holdings Co., Ltd
10.10. FEIN Power Tools, Inc
CS Unitec, Inc.
Robert Bosch GmbH
KYNKO INDUSTRIAL LIMITED
Koki Holdings Co., Ltd
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