Global Deep Hole Drilling Machines Market to Reach $654.67 Million by 2027: AMR
Increase in focus on e-mobility and demand for highly precise surgical tools in healthcare applications drive the growth of the global deep hole drilling machines market. The market across LAMEA is anticipated to portray the highest CAGR of 9.2% during the forecast period. The decreased demand for oil and its declining prices & production has reduced the demand for deep hole drilling machines.
Portland, OR, Jan. 15, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global deep hole drilling machines market accounted for $519.0 million in 2019, and is projected to garner $654.67 million by 2027, registering a CAGR of 5.8% from 2020 to 2027.
Increase in focus on e-mobility and demand for highly precise surgical tools in healthcare applications drive the growth of the global deep hole drilling machines market. However, dearth of skilled labor in the manufacturing sectors and volatile raw material prices hinder the market growth. On the contrary, advent of automation in the manufacturing industry and rapid advancements in technologies in deep hole drilling machines are estimated to open lucrative opportunities for the market players in the future.
Download Sample PDF (190 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/7539
Covid-19 scenario:
- The decreased demand for oil and its declining prices & production has reduced the demand for deep hole drilling machines.
- Since the Covid-19 outbreak, governments of several countries have temporarily suspended manufacturing activities, which affected the supply chain of deep hole drilling machines.
The global deep hole drilling machines market is segmented on the basis of type, operations, applications, and region. Based on type, the market is divided into BTA machines and gun drilling machines. The gun drilling machine segment held the largest share in 2019, contributing to more than three-fifths of the market. Moreover, the segment is projected to manifest the highest CAGR of 6.1% from 2020 to 2027.
Get detailed COVID-19 impact analysis on the Deep Hole Drilling Machines Market Request Here
On the basis of operations, the market is categorized into CNC and Non-CNC. Based on application, the market is classified into automotive, aerospace & defense, general machinery, and others. The aerospace & defense segment is projected to register the highest CAGR of 7.7% during the forecast period. However, the automotive segment dominated the market in 2019, accounting for nearly two-fifths of the market.
The global deep hole drilling machines market is analyzed across various regions such as North America, Asia-Pacific, LAMEA, and Europe. The market across LAMEA is anticipated to portray the highest CAGR of 9.2% during the forecast period. However, the market across Asia-Pacific held the largest share in 2019, contributing to around two-fifths of the market.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/ 7539
The global deep hole drilling machines market report includes an in-depth analysis of the major market players including botek Präzisionsbohrtechnik GmbH, Entrust Manufacturing Technologies, Inc., Hochent (Shanghai) Machinery Development Co., Ltd. (HTT), Mollart Engineering Limited, TIBO Tiefbohrtechnik GmbH, Cheto Corporation S.A., HONG JI Precision Machinery Ltd., KGD. Co., Ltd. (Korea Gundrill), I.M.S.A. S.r.l., and TBT Tiefbohrtechnik GmbH + Co.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Pile Driving Equipment Market - Global Opportunity Analysis and Industry Forecast, 2020-2027
World Drilling and Completion Fluids Market - Opportunities and Forecasts, 2020-2027
Logging While Drilling Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Oil and gas drilling automation Market: Global opportunity analysis and industry forecast, 2020-2027
Air Core Drilling Market - Global Opportunity Analysis and Industry Forecast, 2020-2027
World Drilling Waste Management Market - Opportunities and Forecasts, 2020-2027
Geothermal Drill Bits Market: Global Opportunity Analysis and Industry Forecast 2019–2027
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn
