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Drilling Machines Market by Type (Sensitive drilling machine, Upright drilling machine, Radial drilling machine, Gang drilling machine, Deep hole drilling machine, Multiple spindle drilling machine, Others (magnetic drilling machine)), by Application (Aerospace, Heavy equipment, Automotive, Energy industry, Military & defense, Others), by Distribution channel (Direct sales, Indirect sales), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, Indonesia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (Saudi Arabia, UAE, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Drilling Machines Market was valued at USD 26.3 Billion in 2024 and is projected to reach USD 36.76 Billion by 2033, with an expected CAGR of 4.9% during the forecast period. Various main drivers of the growth include higher demand for accurate drilling in any number of the given sectors such as manufacturing, building construction, or aerospace. Drilling is of considerable importance to several applications within all those industries. A key government project regarding infrastructure also calls for substantial development of buildings and roads across a large nation like India that also leads to higher demand of drilling equipment. Technological advances in drilling technology - robotic drilling systems and more improved designs for the drilling bits improve efficiency, precision, and productivity. Therefore, market growth expands. Companies, including Atlas Copco, Bauer Maschinen, and Boart Longyear, strive to stay on top in innovation as this fast-growing market unfolds.
The market is fragmented, with numerous regional and global players. Key characteristics include:
Key trends driving market growth include:
Key Regions:
Dominating Segment:
The report provides a comprehensive analysis of the Drilling Machines Market, including:
Market Size and Growth:
The market is expected to reach 34.5 Billion by 2027, expanding at a CAGR of 4.9%.
Market Share:
Atlas Copco holds a significant market share, followed by Bauer Maschinen and Boart Longyear.
North America:
Europe:
Asia Pacific:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4.9% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
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