The global deep hole drilling machines market is anticipated to grow at a significant CAGR of 6.1% during the forecast period (2022-2028). Drilling holes with a depth-to-diameter ratio (D:d) greater than 10:1 and up to 400:1 are done with deep hole drilling machines. It is intended specifically for producing precise and straight drilled work pieces for a variety of industrial applications, including automotive parts, medical and surgical equipment, and aerospace and defense-related parts, among others. Deep hole drilling techniques enable the manufacture of precision multi-speed gearboxes with several off-center holes for hydraulic sequencing and lubrication.
A full report of Global Deep Hole Drilling Machines Market is available at:https://orionmarketreports.com/global-deep-hole-drilling-machines-market/108101/
The market for deep hole drilling machines is predicted to develop as the adoption of automation in manufacturing industries increases. Advancements in manufacturing processes help to improve end-product quality and increase productivity, which in turn boosts demand for deep hole drilling equipment. Furthermore, leading orthopedic device manufacturers are focusing on the commoditization of devices, instruments, and delivery systems to minimize device costs. This also boosts demand for deep hole drilling machines.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-
- In May 2020, Entrust subsidiary UNISIG introduced two new deep hole drilling machine variants to its USC-M series. These versions include the USC-2M and USC-3M, which can mill and drill simultaneously. This product launch aims to improve UNISIG’s product portfolio in order to better meet consumer needs.
- In November 2019, at the EMO 2019 expo, TIBO Tiefbohrtechnik GmbH, a German firm, unveiled the HMI gun drilling machine. The new equipment has a 15-inch touch panel that allows for simple programming and greater control of the drilling operation. This product launch aims to expand TIBO’s global product line.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Operation
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-include Entrust Manufacturing Technologies, Inc., HONG JI Precision Machinery Ltd., Hochent (Shanghai) Machinery Development Co., Ltd., Mollart Engineering Ltd., and KGD Co. Ltd. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Deep Hole Drilling Machines Market Report by Segment
By Type
- BTA Machines
- Gun Drilling Machines
- Skiving & Burnishing Machines
By Operation
- CNC
- Non-CNC
By End-User
- Oil & Gas
- Medical
- Automotive
- Construction & Mining Equipment
- Energy
- Die & Mold
- Aerospace
- Heat Exchanger Tube Sheet
- Military & Defense
- Others
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