According to IMARC Group latest report titled” Deep Hole Drilling Machines Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited moderate growth during 2015-2020. The Global Deep Hole Drilling Machines Market size to grow at a CAGR of around 5% during 2021-2026. Deep hole drilling machines are utilized on metals, such as stainless steel, alloys, titanium, aluminum, cast iron, and copper alloys. They assist in cutting deep and precise holes and facilitating multi-speed transmissions with multiple off-center holes for hydraulic sequencing and lubrication. Consequently, they are widely employed in the manufacturing of various automobile components.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The automotive industry is currently experiencing significant growth. This, along with the increasing adoption of automation and advancements in the manufacturing process of automobiles, represents one of the key factors positively influencing the market. Besides this, deep hole drilling machines find extensive applications in the fabrication of titanium and surgical-grade, steel-based healthcare, and surgical tools worldwide. Furthermore, leading market players are developing multi-purpose material removal machines comprising multiple cutting equipment, which is creating a favorable market outlook. Apart from this, the market is also driven by rapid industrialization across the globe.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/deep-hole-drilling-machines-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Cheto Corporation SA
- Frankor Capital Corporation
- Galbiati Costruzioni Meccaniche S.r.l.
- Hochent(Shanghai)Machinery Development Co. Ltd.
- HONG JI PRECISION MACHINERY LTD
- M.S.A S.r.l
- Kays Engineering, Inc.
- Kennametal Inc.
- TIBO Tiefbohrtechnik GmbH
Deep Hole Drilling Machines Market Segmentation:
Our report has categorized the market based on region, type, operation, business type and end-user industry.
Breakup by Type:
- BTA Machines
- Gun Drilling Machines
- Skiving and Burnishing Machines
Breakup by Operation:
Breakup by Business Type:
- Original Equipment Manufacturer (OEM)
Breakup by End-user Industry:
- Oil and Gas
- Construction and Mining
- Military and Defense
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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