Drill Press Market Report

Market Insights

Drill Press Market is likely to witness a CAGR of 4.5% during the forecast period. The number of workshops using drilling presses is increasing as a result of the rapid growth of the industrial sector, which is driving the growth of the market. Furthermore, comparable to standard equipment, the vast majority of machine tool makers obtain drill presses as sub-contracting work from small-scale industries. Drill presses are extensively utilized by small-scale industries all over the world since they are also purchased in the open market through dealers. Consequently, the market for drill presses is fast growing.

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Market Segments' Analysis

Drill Press Market Share: By Type

Based on the type, the market is segmented as hydraulic, electric and magnetic drill presses. The electric drill press segment is estimated to experience the highest growth during the forecast period. The growth of the segment is driven by the ever-increasing demand for precision and accuracy in the metalwork industry to reduce the process waste and improve operational efficiency.

Drill Press Market Share: By Region

In terms of regions, Asia-Pacific is expected to depict the highest growth in the drill press market during the forecast period. The growth of the region’s market is driven by the growth of the manufacturing, metalwork and automotive industries in countries including China, India and Indonesia. Also, North America and Europe are expected to offer lucrative growth opportunities over the forecast perio.

Market Scope & Segmentation

A Drill Press is also known as a pedestal drill or pillar drill. It is mainly used to drill a cylindrical hole in hard materials or to enlarge existing holes. Drill Presses have several advantages, including continuous operation, large working capacity and are of several types.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The drill press market is segmented into the following categories.

Drill Press Market Size, Share, & Forecast, by Type:

• Hydraulic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electric (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Magnetic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Drill Press Market Size, Share, & Forecast, by Drilling Diameter Type:

• Below 2” (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• 2” To 5” (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Above 5” (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Drill Press Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the key players in the drill press market are-

• Champion
• CS Unitec
• DEWALT
• Hougen
• Metabo
• Milwaukee
• PROMOTECH
• Rotabroach
• Steelmax
• Unibor.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)

• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the types by drilling diameter type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.