Drilling Machine market was valued at more than $16.54 billion in 2021 and is estimated to grow at a CAGR of 7.1 percent to $28.76 billion by 2026.
Drilling machines are commonly used to produce heavy equipment, such as machines for the construction and packaging industries, for drilling, tapping holes, reaming, and counterboring in wood and metals. Lightweight, portable drilling equipment is required for woodwork in both residential and non-residential environments. Precision in drilling holes to a specific depth and size is crucial. Drilling bits in drilling and milling machines rotate at different speeds based on the material's softness and hardness and the purpose of drilling.
Bengaluru Metro's Urja tunnel boring machine (TBM) would be the first TBM to accomplish a breakthrough on Namma Metro's Pink Line from Kalenga Agrahara to Nagawara, after drilling a distance of 855m for almost a year between Cantonment station and Shivaji Nagar station Urja (21 km). Urja was deployed by L&T in August 2021 but delayed operations due to COVID-19.
Akobo Minerals announces a contract with MIDROC for a second core-drilling rig in Ethiopia in October 2021. (Source:
On October 2021, Labrador Gold Corp. has achieved Exploration Approval for diamond drilling of regional Appleton Fault Zone targets at its 100%-owned Kingsway Project.
In conjunction with DMG MORI Aktiengesellschaft, Schaeffler announced it would adopt a pioneering dynamically integrated production system for digitalizing tool manufacturing in its sites worldwide.
In November, three new Yamazaki Mazak machining tools, including the much-anticipated VCE-600 and VCN-700 vertical machining centers, will make their UK debuts at the EMO Encore Open House
The market is predicted to rise due to an increase in enhanced demand for fabricated metal goods, the development of the heavy equipment industry, and a surge in large-scale industrial automation. Furthermore, advancements in manufacturing machinery and government efforts connected to the machine tools industry give the market a promising growth opportunity.
The highest level of precision is found in automatic drilling equipment. Set the component to be machined on the surface of an automated drilling machine. The machine will perform automated feeding, automatic positioning, automatic clamping, automatic tapping, and automatic unloading. A single worker can run many automatic drilling and tapping machines simultaneously, considerably increasing production efficiency and lowering labor costs. These factors provide up new market opportunities for the goods. Machine technology advancements and government initiatives about machine tools are projected to present the market with a profitable development opportunity. In addition, as environmental concerns and fossil fuel reserves grow, governments and regulatory organizations are focusing on increasing automation levels in various industries. Manufacturers are focusing on integrating 3-D printing with precision drilling technology, according to a recent trend detected in the target market. 3-D printers are concentrating on lowering material consumption and development expenses.
The Drilling Machine market's growth may be hampered by factors such as high production costs. Automated machines are likely to be a significant source of a company's operational costs. Depending on the type and degree of automation, automated devices can cost thousands to millions of dollars. Another stumbling block is the pollution that such machines produce. Different types of machines use a motor, which may or may not involve gases or chemicals. This may increase workplace pollution.
During the study period, the deep hole drilling machine segment is expected to dominate the market. These machines are costly, yet they are necessary for practically every manufacturing equipment business sector. Because much of this equipment is comprised of heavy metals, changes in raw material prices have an impact on the overall pricing of drilling and milling machines. Furthermore, the multiple spindle drilling machine is expected to increase at the fastest rate during the projected period.
The market is categorized into Aerospace, Heavy Equipment, Automotive, Energy Industry, Military & Defence, Oil & Gas, and others.
Heavy equipment is poised to expand and dominate the market in the future, given the rising demand in the construction and manufacturing industries, where large-scale machined manufacture necessitates precision drilled holes for fittings and other connections.
Asia-Pacific currently owns the most significant share of the global drilling machine market. It is predicted to increase at a significant CAGR due to large-scale machine marketplaces to meet industrial demand. With the most critical market share over the expected period, China is the market leader in drilling machines. Furthermore, the expansion of the region's machine manufacturing industry has resulted in significant market expansion in China. When it comes to ASEAN, the manufacturing sector has been one of the region's primary sources of economic growth. Low operating expenses draw enterprises from larger manufacturing bases and countries to this region's economies. However, China has recently seen tighter regulations and rising wages, resulting in operational expenses toward higher-value manufacturing. As a result, firms are looking to the ASEAN area for lower-value production networks that are also heavily linked into global manufacturing value chains to fill the position that China once played.
The drilling machine market is dominated by the United Kingdom, Germany, and France in Europe. The automated drilling machine market in the area is likely to be driven by the introduction of superior technology in automated drilling machine systems and government and local manufacturing association activities to raise awareness about the use of automation rather than manual labor.
During the projection period, the drilling market in North America is expected to rise to 18.35 billion USD, with a CAGR of over 7%.
The COVID-19 pandemic harmed the drilling machine market through the delayed supply of machinery, resulting in the delay of drilling operations across the globe. In addition, the demand for drilling machinery has dropped as the oil demand has fallen, as has the price and production of oil.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Drilling Machine Market, By Type
6.1.8 Market Size Estimations & Forecasts (2021-2026)
6.1.9 Y-o-Y Growth Rate Analysis
6.1.10 Market Attractiveness Index
6.2 Drilling Machine Market, By Application
6.2.2 Heavy Equipment
6.2.4 Energy Industry
6.2.5 Military & Defence
6.2.6 Oil & Gas
6.2.8 Market Size Estimations & Forecasts (2021-2026)
6.2.9 Y-o-Y Growth Rate Analysis
6.2.10 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Drilling Machine Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Application
7.3.1 By Country
126.96.36.199 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
188.8.131.52 South Korea
184.108.40.206 South East Asia
220.127.116.11 Australia & NZ
18.104.22.168 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
22.214.171.124 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
126.96.36.199 Middle East
7.6.2 By Type
7.6.3 By Application
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Cameron Micro Drill Presses
8.3 Gate Machinery International
8.8 Taiwan Winnerstech Machinery
8.9 Yamazaki Mazak
8.10 Hsin Geeli Hardware Enterprise
8.11 Alpen-Maykestag G
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures