Global Drilling Machines Market 2016-2020

Global outlook of the drilling machines market

Technavio’s market research analysts predict the global drilling machines market to grow steadily at a CAGR of almost 6% by 2020. This industry research report identifies the exponential increase in the demand for fabricated metal products to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Fabricated metals are mainly used in manufacturing materials such as ammunition, cutlery, utensils, stamped metal products, tanks, and cranes. The rise in demand for fabricated metals from the construction and machinery industries across the globe will drive the growth of the drilling equipment market. The presence of several companies providing fabricated metal products in the US and the demand for US-manufactured fabricated products from several countries across the world including Mexico, Canada, and China will lead to a rise in the demand for machine tools in this region, which, in turn, driving market growth.

The integration of 3-D printing with precision drilling technology will be one of the major trends that will gain traction in this market in the next four years. Initially used for creating small plastic models and prototypes, 3-D printing technology is now used for creating prosthetics and electronic products and will soon find significance in machine tools and precision drilling. Compared to traditional manufacturing techniques, 3-D printers reduce material usage by almost 70%, which results in the reduction of product development costs and also provides a faster time to market new products. Additionally, the technology also offers several other benefits such as reducing the number of items in manufacturing a single complex component and enabling direct part manufacturing without the need for tools.

Competitive landscape and key vendors

Characterized by the presence of numerous market players, the market appears to be highly fragmented. Since all drilling machine manufacturers equally compete to gain considerable market shares, the competitive environment is fierce. The market also has a number of regional vendors who provide efficient equipment at a comparatively lower price than the international vendors. However, the regional vendors find it difficult to compete with the international vendors in terms of quality, features, functionalities, and services. The introduction of products with new features and technologies will intensify the level of competition among existing drilling equipment manufacturers.

The leading vendors in the market are -

• DATRON
• DMTG
• DMG MORI
• SMTCL

The other prominent vendors in the market are Cameron Micro Drill Presses, Ernst Lenz Maschinenbau, Fehlmann, Fives Landis, Forma, Gate Machinery International, Hsin Geeli Hardware Enterprise, Kaufman, LTF, Microlution, Minitool, MTI, Roku, Scantool, Taiwan Winnerstech Machinery, Tongtai Machine & Tool, and Yamazaki Mazak.

Geographical segmentation and analysis of the drilling machines market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographical regions, APAC was the major revenue contributor to the market during 2015. This is mainly due to the growth of the various sectors such as automotive, aerospace, and manufacturing industries that have a constant demand for machine tools. China and South Korea are the major market contributors in the region, where increased manufacturing activities that create the need to produce tools and equipment in China and the growth of the automotive industry and increased exports of precision drilling machines in South Korea to countries such as Taiwan, India, and China will propel the market’s growth prospects in this region. According to this industry research report, this region will continue its market dominance throughout the predicted period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global drilling machines market?
• What are the key market trends impacting the growth of the global drilling machines market?
• What are the challenges to market growth?
• Who are the key vendors in the global drilling machines market?
• What are the market opportunities and threats faced by the vendors in the global drilling machines market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global drilling machines market?

Technavio also offers customization on reports based on specific client requirement.

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