COVID-19 Pandemic disrupted the entire world and affected many industries. Get detailed COVID-19 impact analysis on the Deep Hole Drilling Machines Market
PORTLAND, OR, UNITED STATES, August 19, 2021 /EINPresswire.com/ — Deep hole drilling machines are specially designed for managing accurate counter-rotation for manufacturing of components, machines, and assembling parts. This is achieved by gun drilling process and BTA drilling process, which is chosen according to workpiece requirement. Holes are typically classified as deep holes, when its depth-to-diameter (D:d) ratio is more than 10:1 and can reach up to 100:1 or more. The main advantage of deep hole drilling machine is its ability of counter rotating tool and workpiece, which helps in achieving highly precise end results.
The global deep hole drilling machines market size was valued at $611.1 million in 2019 and is projected to reach $784.1 million by 2027, registering a CAGR of 6.2% from 2020 to 2027.
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Moreover, Asia-Pacific is the highest contributor in the deep hole drilling machines market. China holds majority of the global share in consumption, mainly owing to high demand for machine tools in manufacturing processes. Its growing automobile industry also boosts demand for deep hole drilling machines in the country. However, to curb this competition, countries such as the U.S., Germany, and other European countries are focused on developing new technologies in the deep hole drilling industry to sustain their market share during the forecast period.
Top 10 Key Market Players
Entrust Manufacturing Technologies, Inc.
HONG JI Precision Machinery Ltd.
Hochent (Shanghai) Machinery Development Co., Ltd. (HTT)
KGD. Co., Ltd. (Korea Gundrill)
Mollart Engineering Limited
TBT Tiefbohrtechnik GmbH + Co.
TIBO Tiefbohrtechnik GmbH
Cheto Corporation S.A.
Galbiati Costruzioni Meccaniche S.r.l.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging global deep hole drilling machines market trends and dynamics.
In-depth analysis of the market is conducted by constructing market estimations for key market segments between 2019 and 2027.
Extensive deep hole drilling machines market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive deep hole drilling machines market opportunity analysis of all the countries is also provided in the report.
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Key Market Segments
Gun Drilling Machines
Skiving & Burnishing Machines
By End-user Industry
Oil & Gas
Construction & Mining Equipment
Die & Mold
Heat Exchanger Tube Sheet
Military & Defense
By Business Type
Original Equipment Manufacturer (OEM)
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