COVID-19 Impact analysis

• COVID-19 pandemic has shut-down large number construction sites, power plants, chemical storage industry, technology advancement companies and others. This has hampered the growth of CNC drilling machine market from the last few months and is likely to continue during 2021.
• COVID-19 has already affected the sales of CNC drilling machine. In the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
• The major demand for CNC drilling machine was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand of services for CNC drilling machine.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Key players of CNC drilling machines market are expected to afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their service activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
• CNC drilling machine market is expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors
One of the most important driving factors for CNC drilling machine is growing of manufacturing units. Nowadays the automotive work is very much in high trend, i.e., why the IoT and artificial intelligence is incorporated and the industries are looking forward to all these factors.
These activities have paved way for expansion of business and customer base of market players like Frejoth International Ltd., 3D Micromac, DONAU, HONG JI Precision Machinery Ltd., Beijing Torch SMT Co. Ltd, KOCH Technology GmbH, Control Micro Systems, Entrust Tool, Yenchen Machinery Co. Ltd., and DAITO SEIKI.
The most important barrier to the market growth of CNC drilling machine market is raw materials through which it is made. The electronics parts are very much in high demand, due to COVID-19 the transportation is not that smooth as early.

Market Trends

• BIESSE introduces a new CNC drilling machine; Skipper V31 is the compact, versatile drilling machine which combines flexibility and performance, with a reduced footprint. It represents the perfect entry-level flexible boring solution for the non-standard production needs of large companies, for the manufacture of small batches for third parties, and for that requiring just-in-time flexible production.
• BIESSE introduced another versatile drilling machine, Brema Eko 2.1. It supports the machining of different thickness and size formats within a reduced footprint. It is the ideal solution for “just in time”.

Key Segments Covered
Product Type:

• Vertical CNC Drilling Machine 
•  Horizontal CNC Drilling Machine

Application Type    

• Shipping
• Automobile
•  Electronics
•  Equipment Manufacturing
•  Others

Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific 
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

Key Benefits of the Report

• This study presents the analytical depiction of the CNC drilling machine market making industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the CNC drilling machine market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the CNC drilling machine market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides detailed CNC drilling machine market analysis based on competitive intensity and how the competition will take shape in coming years.