Drilling Machines – A Global Market Overview
Drilling Machines Market Trends and Outlook
In simple terms, a drilling machine is a device that is used for making holes in various substrates, which cannot be achieved using manual force. This can include drilling, tapping holes, reaming and counter boring in wood and metals that find further application in various sectors. Drilling machines can be employed for cutting blind holes (part way) or through-holes in virtually any material type, ranging from metals, such as aluminum, steel and titanium to machinable ceramics, engineering plastics and a variety of woods. The major components of a basic drilling machine comprise base, column, radial arm, drill head, worktable, feed mechanism, spindle, chuck and electric motor.
The global market for Drilling Machines is estimated at US$27.4 billion in 2024 and is anticipated to post a CAGR of 6.6% during the 2024-2030 analysis period and stand at a projected US$40.2 billion by 2030.
The demand for Drilling Machines is expected to maintain healthy growth over the analysis period, which can be attributed to factors that include growth in infrastructure & construction activities, increase in manufacturing operations and rise in demand from the automotive industry because of a sustained increase in light vehicle production. Oilwell exploration for adding to the rapidly depleting fossil fuel resources is another reason for maintaining demand for drilling machines. Also, automated and computed numerical control (CNC) drilling machines are being more widely utilized because of the need for enhanced precision and efficiency in drilling operations.
Drilling Machines Regional Market Analysis
Other than being the largest global market for drilling machines, Asia-Pacific is also likely to be the fastest growing. The region has been witnessing an unprecedented rate of industrial development over the past few years. The major factors for this include availability of comparatively inexpensive labor and resources, owing to which several global corporations have set up or are in the process of setting up operations in the region. Asia-Pacific is also home to well-established automotive and electronics industries, where the use of drilling machines is quite common.
Drilling Machines Type Market Analysis
By type, Drilling Machines are primarily classified into Deep Hole Drilling Machines, Gang Drilling Machines, Multiple Spindle Drilling Machines, Portable Drilling Machines, Radial Drilling Machines, Sensitive Drilling Machines and Upright Drilling Machines, among others (incl. Magnetic Drilling Machines). Within these, the global market for Deep Hole Drilling Machines is the largest, as these are specialized metal cutting devices that can provide extremely deep and precise holes into almost any metal. Despite its heavy cost, the significance of a Deep Hole Drilling Machine in various sectors, such as aerospace, automotive and oil & gas, cannot be discounted. As far as growth is concerned, though, the worldwide market for Multiple Spindle Drilling Machines is likely to emerge as the fastest.
Drilling Machines End-Use Sector Market Analysis
The primary end-use sectors where Drilling Machines are widely employed include Aerospace & Defense, Automotive, Construction, Energy, Fabrication & Industrial Machinery Manufacturing, Heavy Equipment and Oil & Gas, among others. Within these, the demand for Drilling Machines is the largest for Heavy Equipment, which incudes excavators, loaders, graders, pavers, bulldozers, dump trucks, compactors and earth moving equipment, to name a few. However, the market for drilling machines in the Automotive sector is anticipated to register the fastest growth. The number of vehicles being produced globally has been recording a steady growth following the forced shutdown during the pandemic. Owing to this, the need for precisely made components in this industry has grown considerably, for which drilling machines are essential.
Drilling Machines Market Report Scope
This global report on Drilling Machines analyzes the market based on type and end-use sector. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of how and where the market is progressing.
Key Metrics
Historical Period: 2021-2023
Base Year: 2023
Forecast Period: 2024-2030
Units: Value market in US$
Companies Mentioned: 45+
Drilling Machines Market by Geographic Region
o Aerospace & Defense
o Automotive
o Construction
o Energy
o Fabrication & Industrial Machinery Manufacturing
o Heavy Equipment
o Oil & Gas
o Other End-Use Sectors
In simple terms, a drilling machine is a device that is used for making holes in various substrates, which cannot be achieved using manual force. This can include drilling, tapping holes, reaming and counter boring in wood and metals that find further application in various sectors. Drilling machines can be employed for cutting blind holes (part way) or through-holes in virtually any material type, ranging from metals, such as aluminum, steel and titanium to machinable ceramics, engineering plastics and a variety of woods. The major components of a basic drilling machine comprise base, column, radial arm, drill head, worktable, feed mechanism, spindle, chuck and electric motor.
The global market for Drilling Machines is estimated at US$27.4 billion in 2024 and is anticipated to post a CAGR of 6.6% during the 2024-2030 analysis period and stand at a projected US$40.2 billion by 2030.
The demand for Drilling Machines is expected to maintain healthy growth over the analysis period, which can be attributed to factors that include growth in infrastructure & construction activities, increase in manufacturing operations and rise in demand from the automotive industry because of a sustained increase in light vehicle production. Oilwell exploration for adding to the rapidly depleting fossil fuel resources is another reason for maintaining demand for drilling machines. Also, automated and computed numerical control (CNC) drilling machines are being more widely utilized because of the need for enhanced precision and efficiency in drilling operations.
Drilling Machines Regional Market Analysis
Other than being the largest global market for drilling machines, Asia-Pacific is also likely to be the fastest growing. The region has been witnessing an unprecedented rate of industrial development over the past few years. The major factors for this include availability of comparatively inexpensive labor and resources, owing to which several global corporations have set up or are in the process of setting up operations in the region. Asia-Pacific is also home to well-established automotive and electronics industries, where the use of drilling machines is quite common.
Drilling Machines Type Market Analysis
By type, Drilling Machines are primarily classified into Deep Hole Drilling Machines, Gang Drilling Machines, Multiple Spindle Drilling Machines, Portable Drilling Machines, Radial Drilling Machines, Sensitive Drilling Machines and Upright Drilling Machines, among others (incl. Magnetic Drilling Machines). Within these, the global market for Deep Hole Drilling Machines is the largest, as these are specialized metal cutting devices that can provide extremely deep and precise holes into almost any metal. Despite its heavy cost, the significance of a Deep Hole Drilling Machine in various sectors, such as aerospace, automotive and oil & gas, cannot be discounted. As far as growth is concerned, though, the worldwide market for Multiple Spindle Drilling Machines is likely to emerge as the fastest.
Drilling Machines End-Use Sector Market Analysis
The primary end-use sectors where Drilling Machines are widely employed include Aerospace & Defense, Automotive, Construction, Energy, Fabrication & Industrial Machinery Manufacturing, Heavy Equipment and Oil & Gas, among others. Within these, the demand for Drilling Machines is the largest for Heavy Equipment, which incudes excavators, loaders, graders, pavers, bulldozers, dump trucks, compactors and earth moving equipment, to name a few. However, the market for drilling machines in the Automotive sector is anticipated to register the fastest growth. The number of vehicles being produced globally has been recording a steady growth following the forced shutdown during the pandemic. Owing to this, the need for precisely made components in this industry has grown considerably, for which drilling machines are essential.
Drilling Machines Market Report Scope
This global report on Drilling Machines analyzes the market based on type and end-use sector. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of how and where the market is progressing.
Key Metrics
Historical Period: 2021-2023
Base Year: 2023
Forecast Period: 2024-2030
Units: Value market in US$
Companies Mentioned: 45+
Drilling Machines Market by Geographic Region
- North America (The United States, Canada and Mexico)
- Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
- South America (Argentina, Brazil and Rest of South America)
- Middle East & Africa
- Deep Hole Drilling Machines
- Gang Drilling Machines
- Multiple Spindle Drilling Machines
- Portable Drilling Machines
- Radial Drilling Machines
- Sensitive Drilling Machines
- Upright Drilling Machines
- Other Drilling Machines (Incl. Magnetic Drilling Machines)
o Aerospace & Defense
o Automotive
o Construction
o Energy
o Fabrication & Industrial Machinery Manufacturing
o Heavy Equipment
o Oil & Gas
o Other End-Use Sectors
PART A: GLOBAL MARKET PERSPECTIVE
1. INTRODUCTION
Product Outline
Drilling Machines Defined
Drilling Machine Types
Deep Hole Drilling Machines
Gang Drilling Machines
Multiple Spindle Drilling Machines
Portable Drilling Machines
Radial Drilling Machines
Sensitive Drilling Machines
Upright Drilling Machines
Other Drilling Machines (Incl. Magnetic Drilling Machines)
Drilling Machines End-Use Sectors
Aerospace & Defense
Automotive
Construction
Energy
Fabrication & Industrial Machinery Manufacturing
Heavy Equipment
Oil & Gas
Other End-Use Sectors
2. Key Market Influencers and Restraints
3. Key Global Players
Alpen-Maykestag GmbH
Atlas Copco
Boart Longyear
Cameron Micro Drill Presses
Caterpillar
Cheto Corporation SA
Chuan King Sang Machinery Co Ltd
Dalian Machine Tool Group Corp (DMTG)
Datron AG
Dezhou Hongxin Machine Tool Co Ltd
DMG Mori
Entrust Manufacturing Technologies, Inc. (UNISIG)
Epiroc AB
ERLO Group
Ernst Lenz Maschienbau GmbH
Fehlmann AG
Galbiati Costruzioni Meccaniche S.r.l.
Gate Machinery International Ltd
Hitachi Construction Machinery Ltd
Hochent (Shanghai) Machinery Development Co. Ltd
Hong Ji Precision Machinery Ltd
Hsin Geeli Hardware Enterprise
I.M.S.A. S.r.l.
Ingersoll Rand
Kaufman Mfg. Co
Kays Engineering, Inc.
Kennametal, Inc. (Widma Machining Solutions Group)
Kuraki Co Ltd
LTF SpA
Liebherr Group
Loch Prazisions Bohrtechnik GmbH
Minitool, Inc.
Mitsubishi Heavy Industries ltd.
NewTech Drilling Products LLC
Robert Bosch GmbH
Roku-Roku Co Ltd
Sandvik AB
Scantool Group
Shenyang Machine Tool Co Ltd
Shenyang Machine Tool Corp Ltd (SMTCL)
Soilmec S.p.A.
TBT Tiefbohrtechnik GmbH + Co
Taiwan Winnerstech Machinery Co Ltd
TIBO Tiefbohrtechnik GmbH
Tongtai Machine & Tool Co Ltd
UNISIG GmbH
Yamazaki Mazak Pvt Ltd
4. Key Business & Product Trends
5. Global Market Overview
Global Drilling Machines Market Overview by Type
Drilling Machines Type Market Overview by Global Region
Deep Hole Drilling Machines
Gang Drilling Machines
Multiple Spindle Drilling Machines
Portable Drilling Machines
Radial Drilling Machines
Sensitive Drilling Machines
Upright Drilling Machines
Other Drilling Machines (Incl. Magnetic Drilling Machines)
Global Drilling Machines Market Overview by End-Use Sector
Drilling Machines End-Use Sector Market Overview by Global Region
Aerospace & Defense
Automotive
Construction
Energy
Fabrication & Industrial Machinery Manufacturing
Heavy Equipment
Oil & Gas
Other End-Use Sectors
PART B: REGIONAL MARKET PERSPECTIVE
Global Drilling Machines Market Overview by Geographic Region
REGIONAL MARKET OVERVIEW
6. North America
North American Drilling Machines Market Overview by Geographic Region
North American Drilling Machines Market Overview by Type
North American Drilling Machines Market Overview by End-Use Sector
Country-wise Analysis of North American Drilling Machines Market
The United States
United States Drilling Machines Market Overview by Type
United States Drilling Machines Market Overview by End-Use Sector
Canada
Canadian Drilling Machines Market Overview by Type
Canadian Drilling Machines Market Overview by End-Use Sector
Mexico
Mexican Drilling Machines Market Overview by Type
Mexican Drilling Machines Market Overview by End-Use Sector
7. Europe
European Drilling Machines Market Overview by Geographic Region
European Drilling Machines Market Overview by Type
European Drilling Machines Market Overview by End-Use Sector
Country-wise Analysis of European Drilling Machines Market
France
French Drilling Machines Market Overview by Type
French Drilling Machines Market Overview by End-Use Sector
Germany
German Drilling Machines Market Overview by Type
German Drilling Machines Market Overview by End-Use Sector
Italy
Italian Drilling Machines Market Overview by Type
Italian Drilling Machines Market Overview by End-Use Sector
Russia
Russian Drilling Machines Market Overview by Type
Russian Drilling Machines Market Overview by End-Use Sector
Spain
Spanish Drilling Machines Market Overview by Type
Spanish Drilling Machines Market Overview by End-Use Sector
The United Kingdom
United Kingdom Drilling Machines Market Overview by Type
United Kingdom Drilling Machines Market Overview by End-Use Sector
Rest of Europe
Rest of Europe Drilling Machines Market Overview by Type
Rest of Europe Drilling Machines Market Overview by End-Use Sector
8. Asia-Pacific
Asia-Pacific Drilling Machines Market Overview by Geographic Region
Asia-Pacific Drilling Machines Market Overview by Type
Asia-Pacific Drilling Machines Market Overview by End-Use Sector
Country-wise Analysis of Asia-Pacific Drilling Machines Market
China
Chinese Drilling Machines Market Overview by Type
Chinese Drilling Machines Market Overview by End-Use Sector
India
Indian Drilling Machines Market Overview by Type
Indian Drilling Machines Market Overview by End-Use Sector
Japan
Japanese Drilling Machines Market Overview by Type
Japanese Drilling Machines Market Overview by End-Use Sector
South Korea
South Korean Drilling Machines Market Overview by Type
South Korean Drilling Machines Market Overview by End-Use Sector
Rest of Asia-Pacific
Rest of Asia-Pacific Drilling Machines Market Overview by Type
Rest of Asia-Pacific Drilling Machines Market Overview by End-Use Sector
9. South America
South American Drilling Machines Market Overview by Geographic Region
South American Drilling Machines Market Overview by Type
South American Drilling Machines Market Overview by End-Use Sector
Country-wise Analysis of Asia-Pacific Drilling Machines Market
Argentina
Argentine Drilling Machines Market Overview by Type
Argentine Drilling Machines Market Overview by End-Use Sector
Brazil
Brazilian Drilling Machines Market Overview by Type
Brazilian Drilling Machines Market Overview by End-Use Sector
Rest of South America
Rest of South American Drilling Machines Market Overview by Type
Rest of South American Drilling Machines Market Overview by End-Use Sector
10. Middle East & Africa
Middle East & Africa Drilling Machines Market Overview by Type
Middle East & Africa Drilling Machines Market Overview by End-Use Sector
PART C: GUIDE TO THE INDUSTRY
PART D: ANNEXURE
RESEARCH METHODOLOGY
FEEDBACK
1. INTRODUCTION
Product Outline
Drilling Machines Defined
Drilling Machine Types
Deep Hole Drilling Machines
Gang Drilling Machines
Multiple Spindle Drilling Machines
Portable Drilling Machines
Radial Drilling Machines
Sensitive Drilling Machines
Upright Drilling Machines
Other Drilling Machines (Incl. Magnetic Drilling Machines)
Drilling Machines End-Use Sectors
Aerospace & Defense
Automotive
Construction
Energy
Fabrication & Industrial Machinery Manufacturing
Heavy Equipment
Oil & Gas
Other End-Use Sectors
2. Key Market Influencers and Restraints
3. Key Global Players
Alpen-Maykestag GmbH
Atlas Copco
Boart Longyear
Cameron Micro Drill Presses
Caterpillar
Cheto Corporation SA
Chuan King Sang Machinery Co Ltd
Dalian Machine Tool Group Corp (DMTG)
Datron AG
Dezhou Hongxin Machine Tool Co Ltd
DMG Mori
Entrust Manufacturing Technologies, Inc. (UNISIG)
Epiroc AB
ERLO Group
Ernst Lenz Maschienbau GmbH
Fehlmann AG
Galbiati Costruzioni Meccaniche S.r.l.
Gate Machinery International Ltd
Hitachi Construction Machinery Ltd
Hochent (Shanghai) Machinery Development Co. Ltd
Hong Ji Precision Machinery Ltd
Hsin Geeli Hardware Enterprise
I.M.S.A. S.r.l.
Ingersoll Rand
Kaufman Mfg. Co
Kays Engineering, Inc.
Kennametal, Inc. (Widma Machining Solutions Group)
Kuraki Co Ltd
LTF SpA
Liebherr Group
Loch Prazisions Bohrtechnik GmbH
Minitool, Inc.
Mitsubishi Heavy Industries ltd.
NewTech Drilling Products LLC
Robert Bosch GmbH
Roku-Roku Co Ltd
Sandvik AB
Scantool Group
Shenyang Machine Tool Co Ltd
Shenyang Machine Tool Corp Ltd (SMTCL)
Soilmec S.p.A.
TBT Tiefbohrtechnik GmbH + Co
Taiwan Winnerstech Machinery Co Ltd
TIBO Tiefbohrtechnik GmbH
Tongtai Machine & Tool Co Ltd
UNISIG GmbH
Yamazaki Mazak Pvt Ltd
4. Key Business & Product Trends
5. Global Market Overview
Global Drilling Machines Market Overview by Type
Drilling Machines Type Market Overview by Global Region
Deep Hole Drilling Machines
Gang Drilling Machines
Multiple Spindle Drilling Machines
Portable Drilling Machines
Radial Drilling Machines
Sensitive Drilling Machines
Upright Drilling Machines
Other Drilling Machines (Incl. Magnetic Drilling Machines)
Global Drilling Machines Market Overview by End-Use Sector
Drilling Machines End-Use Sector Market Overview by Global Region
Aerospace & Defense
Automotive
Construction
Energy
Fabrication & Industrial Machinery Manufacturing
Heavy Equipment
Oil & Gas
Other End-Use Sectors
PART B: REGIONAL MARKET PERSPECTIVE
Global Drilling Machines Market Overview by Geographic Region
REGIONAL MARKET OVERVIEW
6. North America
North American Drilling Machines Market Overview by Geographic Region
North American Drilling Machines Market Overview by Type
North American Drilling Machines Market Overview by End-Use Sector
Country-wise Analysis of North American Drilling Machines Market
The United States
United States Drilling Machines Market Overview by Type
United States Drilling Machines Market Overview by End-Use Sector
Canada
Canadian Drilling Machines Market Overview by Type
Canadian Drilling Machines Market Overview by End-Use Sector
Mexico
Mexican Drilling Machines Market Overview by Type
Mexican Drilling Machines Market Overview by End-Use Sector
7. Europe
European Drilling Machines Market Overview by Geographic Region
European Drilling Machines Market Overview by Type
European Drilling Machines Market Overview by End-Use Sector
Country-wise Analysis of European Drilling Machines Market
France
French Drilling Machines Market Overview by Type
French Drilling Machines Market Overview by End-Use Sector
Germany
German Drilling Machines Market Overview by Type
German Drilling Machines Market Overview by End-Use Sector
Italy
Italian Drilling Machines Market Overview by Type
Italian Drilling Machines Market Overview by End-Use Sector
Russia
Russian Drilling Machines Market Overview by Type
Russian Drilling Machines Market Overview by End-Use Sector
Spain
Spanish Drilling Machines Market Overview by Type
Spanish Drilling Machines Market Overview by End-Use Sector
The United Kingdom
United Kingdom Drilling Machines Market Overview by Type
United Kingdom Drilling Machines Market Overview by End-Use Sector
Rest of Europe
Rest of Europe Drilling Machines Market Overview by Type
Rest of Europe Drilling Machines Market Overview by End-Use Sector
8. Asia-Pacific
Asia-Pacific Drilling Machines Market Overview by Geographic Region
Asia-Pacific Drilling Machines Market Overview by Type
Asia-Pacific Drilling Machines Market Overview by End-Use Sector
Country-wise Analysis of Asia-Pacific Drilling Machines Market
China
Chinese Drilling Machines Market Overview by Type
Chinese Drilling Machines Market Overview by End-Use Sector
India
Indian Drilling Machines Market Overview by Type
Indian Drilling Machines Market Overview by End-Use Sector
Japan
Japanese Drilling Machines Market Overview by Type
Japanese Drilling Machines Market Overview by End-Use Sector
South Korea
South Korean Drilling Machines Market Overview by Type
South Korean Drilling Machines Market Overview by End-Use Sector
Rest of Asia-Pacific
Rest of Asia-Pacific Drilling Machines Market Overview by Type
Rest of Asia-Pacific Drilling Machines Market Overview by End-Use Sector
9. South America
South American Drilling Machines Market Overview by Geographic Region
South American Drilling Machines Market Overview by Type
South American Drilling Machines Market Overview by End-Use Sector
Country-wise Analysis of Asia-Pacific Drilling Machines Market
Argentina
Argentine Drilling Machines Market Overview by Type
Argentine Drilling Machines Market Overview by End-Use Sector
Brazil
Brazilian Drilling Machines Market Overview by Type
Brazilian Drilling Machines Market Overview by End-Use Sector
Rest of South America
Rest of South American Drilling Machines Market Overview by Type
Rest of South American Drilling Machines Market Overview by End-Use Sector
10. Middle East & Africa
Middle East & Africa Drilling Machines Market Overview by Type
Middle East & Africa Drilling Machines Market Overview by End-Use Sector
PART C: GUIDE TO THE INDUSTRY
PART D: ANNEXURE
RESEARCH METHODOLOGY
FEEDBACK
