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2021
Deep Hole Drilling Machines Market

Deep Hole Drilling Machines Market by Type (BTA Machines, Gun Drilling Machines, and Skiving & Burnishing Machines), Operation (CNC and Non-CNC), End-User Industry (Oil & Gas, Medical, Automotive, Construction & Mining Equipment, Energy, Die & Mold, Aerospace, Heat Exchanger Tube Sheet, Military & Defense, and Others), and Business Type (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2027
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A07174
Pages: 517
Feb 2021 | 6421 Views
Author(s) : Priyanka Khandelwal , Onkar Sumant
Tables: 442
Charts: 61
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Deep Hole Drilling Machines Market Outlook- 2027

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. Deep hole drilling machines are utilized for drilling holes with depth-to-diameter (D:d) more than 10:1 and up to 400:1. It is especially designed for manufacturing of accurate and straight drilled workpieces, which find application in various industries, including automotive parts, medical and surgical tools, aerospace & defense related parts, and others. 

The halted manufacturing in industries and prolonged lockdown in various countries due to the COVID-19 pandemic has affected the deep hole drilling machines supply chain.

It is a cost-effective production method for manufacturing of automobile parts. Deep hole drilling methods allow production of precise multi-speed transmissions, which have multiple off-center holes for hydraulic sequencing and lubrication. 

Deep-Hole-Drilling-Machines-Market-2020-2027

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Moreover, deep hole drilling machines market find critical applications in medical implants and manufacturing of surgical tooling. Medical implants are manufactured using special surgical grade steel materials and titanium, which have high strength to weight ratio and high resistance to corrosion. The medical implants industry is developing considerably, owing to rise in consumer awareness and implementation of various innovative products.

Moreover, to reduce costs of these devices, major manufacturers in the orthopedic devices industry are focused on commoditization of devices, instruments, and delivery systems. This propels demand for deep hole drilling machines, which drives growth of the market.

Furthermore, deep hole drilling systems have integrated automation solutions to increase efficiency in manufacturing processes. Major players in the deep hole drilling machines industry such as UNISIG, TBT, and Tiefbohrtechnik GmbH + Co offer standard as well as specialized automation solutions to sustain requirements of factory production. This propels growth of the deep hole drilling machines market.

However, lack of skilled labor and frequently fluctuating raw material prices are expected to hinder the deep hole drilling machines market growth. These machines are difficult to operate and improper handling of these machines can result in poor surface finish, owing to inadequate flow of lubricants through tubes, hole concentricity, smoke/fire risk, and tool breakage, which may result in wastage of raw material and turn out to be expensive. Thus, lack of skilled labor restrains growth of the deep hole drilling machines market significantly.

In addition, the COVID-19 pandemic has shut down production and sales of deep hole drilling machines, mainly owing to prolonged lockdowns in major global countries including the U.S., Italy, and the UK. This, in turn, has declined growth of the deep hole drilling machines market significantly within past few months, and is likely to continue during 2020. Moreover, lockdowns have also led to reduced demand for automotive products; which hampers the mobility industry. 

Deep Hole Drilling Machines Market
By Type

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Skiving & burnishing machinSkiving & burnishing machines segment is projected to grow at a significant CAGR es segment is projected to grow at a significant CAGR

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On the contrary, growth in adoption of automation in manufacturing industries is expected to create opportunities for growth of the deep hole drilling machines market. Advancements in manufacturing processes assist in improving quality of end products and obtain high productivity, which drives demand for deep hole drilling machines.

The global deep hole drilling machines market is segmented on the basis of type, operation, end-user industry, business type, and region. By type, the deep hole drilling machines market is divided into BTA drilling machines, gun drilling machines, and skiving & burnishing machines. According to operation, it is categorized into CNC and non-CNC. By end-user industry, it is classified into oil & gas, medical, automotive, construction & mining equipment, energy, die & mold, aerospace, heat exchanger tube sheet, military & defense and others. On the basis of business type, it is bifurcated into OEM and aftermarket. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Russia, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Vietnam, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). 

Deep Hole Drilling Machines Market
By End-User

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Automotive segment holds dominant position in 2019

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Competition Analysis

The key market players profiled in the report include Entrust Manufacturing Technologies, Inc., HONG JI Precision Machinery Ltd., Hochent (Shanghai) Machinery Development Co., Ltd. (HTT), KGD. Co., Ltd. (Korea Gundrill), I.M.S.A. S.r.l., Mollart Engineering Limited, TBT Tiefbohrtechnik GmbH + Co., TIBO Tiefbohrtechnik GmbH, Cheto Corporation S.A., Galbiati Costruzioni Meccaniche S.r.l., Loch Präzisions Bohrtechnik GmbH, Kennametal Inc., (WIDMA- Machining Solutions Group), Frankor Hydraulics, Precihole Machine Tools, and Kays Engineering, Inc.

Many competitors in the deep hole drilling machines market adopted product launch as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in November 2019, TIBO Tiefbohrtechnik GmbH, a German company, launched HMI gun drilling machine at the EMO 2019 exhibition. The new machine includes operable 15” touch panel, which enables easy-to-use programming and better supervision over the drilling process. The product launch is aimed at enhancing TIBO’s product portfolio globally. Similarly, in May 2020, UNISIG, a subsidiary of Entrust, launched two new models to its USC-M series of deep hole drilling machines. The models include USC-2M and USC-3M, which can perform both milling and gun drilling functions. The product launch is aimed at enhancing UNISIG’s product offering in an effort to commit toward consumer needs.

Deep Hole Drilling Machines Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia- Pacific holds a dominant position in 2019 and is expected to grow at a significant rate during the forecast period.

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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.
  • The global deep hole drilling machines market forecast analysis from 2020 to 2027 is included in the report.
  • The key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry. 

Global Deep Hole Drilling Machines Market Segments

By Type

  • BTA Machines
  • Gun Drilling Machines
  • Skiving & Burnishing Machines

By Operation

  • CNC
  • Non-CNC

By End-user Industry

  • Oil & Gas
  • Medical
  • Automotive
  • Construction & Mining Equipment
  • Energy
  • Die & Mold
  • Aerospace
  • Heat Exchanger Tube Sheet
  • Military & Defense
  • Others

By Business Type

  • Original Equipment Manufacturer (OEM)
  • Aftermarket 

By Region

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

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China is the largest shareholder of the deep hole drilling industry, owing to large manufacturing infrastructure and a strong foothold in the machine tools industry. This has driven demand for machine tool consumption in China, which further boosts the deep hole drilling machines industry. However, Germany is still one of the major producers of precision machines and German deep hole drilling companies have a wide consumer base globally. 

Moreover, use of deep hole drilling machines enables production of precise medical devices and surgical tools in less time and costs. Surgical tooling components have tight concentricity tolerances, which can be achieved using gun drilling processes. In addition, gun drilling machines offer high productivity and process reliability, which further creates demand for them in medical production of cannulated screws and nails that are utilized in joint and bone surgeries. Increase in reliance toward use of deep hole drilling machines revolutionize orthopedic surgeries and the overall medical industry by manufacturing of precision parts. 

Many competitors in the deep hole drilling machines market adopted product launch as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in November 2019, TIBO Tiefbohrtechnik GmbH, based in Germany, launched human machine interface (HMI) gun drilling machine at the EMO World Machine Tool exhibition. This machine includes operable 15” touch panel, which enables easy-to-use programming and better supervision over drilling process. Product launch is aimed at enhancing TIBO’s product portfolio globally. Similarly, in May 2020, UNISIG, a subsidiary of Entrust, launched two new models in its USC-M series of deep hole drilling machines. These models include USC-2M and USC-3M, which can perform both milling and gun drilling functions. The product launch is aimed at enhancing UNISIG’s product offering in an effort to commit toward consumer needs.
 

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FREQUENTLY ASKED QUESTIONS?

A. The base year considered in the global deep hole drilling machines market is 2019.

A. The forecast period considered for the global deep hole drilling machines market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

A. To get latest version of deep hole drilling machines market report can be obtained on demand from the website.

A. 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.

A. The report for global deep hole drilling machines market provides Value Chain Analysis.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. On the basis of end-user industry, the automotive segment is expected to be the most influencing segment growing in the global deep hole drilling machines market report.

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