Drill Press Market Report: Trends, Forecast and Competitive Analysis to 2030

Drill Press Trends and Forecast

The future of the global drill press market looks promising with opportunities in the below 2", 2" to 5", and above 5" markets. The global drill press market is expected to reach an estimated $1 billion by 2030 with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing number of workshops using drill presses, growing demand of automatic drill presses, and rising adoption in various end-use industries like aerospace and automotive across the globe.

A more than 150-page report is developed to help in your business decisions.

Drill Press by Segment

The study includes a forecast for the global drill press by type, drilling diameter, and region.

Drill Press Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Hydraulic
• Electric
• Magnetic

Drill Press Market by Drilling Diameter [Shipment Analysis by Value from 2018 to 2030]:

• Below 2"
• 2" To 5"
• Above 5"

Drill Press Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Drill Press Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies drill press companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the drill press companies profiled in this report include-

• JEI Drilling & Cutting Solutions
• Dongcheng Power Tools
• Hougen Manufacturing
• Milwaukee Tool
• CS Unitec

Drill Press Market Insights

Lucintel forecasts that electric is expected to witness the highest growth over the forecast period due to rising need for high-precision and highly accurate metal working.

Within this market, below 2" will remain the largest segment as it is most common and versatile type of drill press.

APAC is expected to witness highest growth over the forecast period due to expanding manufacturing, metalwork, and automotive sectors.

Features of the Global Drill Press Market

Market Size Estimates: Drill press market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Drill press market size by type, drilling diameter, and region in terms of value ($B).

Regional Analysis: Drill press market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, drilling diameter, and regions for the drill press market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the drill press market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the drill press market size?

Answer: The global drill press market is expected to reach an estimated $1 billion by 2030.

Q2. What is the growth forecast for drill press market?

Answer: The global drill press market is expected to grow with a CAGR of 4.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the drill press market?

Answer: The major drivers for this market are increasing number of workshops using drill presses, growing demand of automatic drill presses, and rising adoption in various end-use industries like aerospace and automotive across the globe.

Q4. What are the major segments for drill press market?

Answer: The future of the drill press market looks promising with opportunities in the below 2", 2" to 5", and above 5" markets.

Q5. Who are the key drill press market companies?

Answer: Some of the key drill press companies are as follows.

• JEI Drilling & Cutting Solutions
• Dongcheng Power Tools
• Hougen Manufacturing
• Milwaukee Tool
• CS Unitec

Q6. Which drill press market segment will be the largest in future?

Answer: Lucintel forecasts that electric is expected to witness the highest growth over the forecast period due to rising need for high-precision and highly accurate metal working.

Q7. In drill press market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to expanding manufacturing, metalwork, and automotive sectors.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the drill press market by type (hydraulic, electric, and magnetic), drilling diameter (below 2", 2" to 5", and above 5"), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?