Drill Press Market Research Global Report - Forecast till 2025

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Drill Press Market Research Report By Forecast
To 2025
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2025
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Drill Press Market Research Report - Forecast to
2025
Global Drill Press Market Research Report
Information 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) -
Forecast till 2025 A drill press includes base,
column (or pillar), table, spindle (or quill),
and drill head, usually driven by an induction
motor, and is used to drill or enlarge a
cylindrical hole in a workpiece or part. A drill
press primarily uses hydraulic, electric, or
magnetic methods for operating. The global drill
press market is expected to witness 4.15 CAGR
during the forecast period. The market size is
expected to reach 825 Million units by
2025. The Global Drill Press Market is
segmented based on type, drilling diameter, and
region. Based on type, the global market has
been segmented into hydraulic, electric, and
magnetic. Based on drilling diameter, the global
market has been segmented into below 2, 2 to
5, and above 5. Based on type, the electric
drill press segment is expected to register the
higher growth rate during the forecast period in
the global drill press market. This growth is
attributed to the increasing demand for electric
drill press machines as they offer numerous
advantages like high speeds up to 800 mm/sec and
faster clamp motion, shorter startup time and up
to 20 faster cycle times, and lower unit cost
with less material waste. The global drill
press market is primarily driven by factors such
as the manufacturing industry growth and
increasing automotive industry investments.
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Drill Press Market Research Report - Forecast to
2025
Market Research Analysis In terms of region, the
global market for drill press is segmented into
North America, Europe, Asia-Pacific, and the rest
of the world. Asia-Pacific is expected to
witness the highest CAGR in the global drill
press market. The growth of the manufacturing
and automotive industries in countries such as
India, South Korea, and China, combined with the
recent government initiatives to increase the
investments in the manufacturing sector is
expected to drive the growth of the drill press
market in Asia-Pacific. Furthermore, the drill
press market in Europe is anticipated to expand
at a significant rate during the forecast period,
mainly due to the increase in the adoption of
advanced technology and increase in import
export activities in Europe. The region is the
hub of major automobile manufacturers such as
Audi AG, Bayerische Motoren Werke AG, and the
Volvo Group. This also encourages the growth of
the market. Moreover, increasing upgrades and
renovation of existing infrastructure provide
further boost to the growth of the drill press
market. Some of the major players in the global
drill press market are JEI Drilling Cutting
Solutions Ltd (India), Dongcheng Power Tools
(India), Alfra Tools LLC. (US), Hougen
Manufacturing Inc (US), Milwaukee Tool (US), CS
Unitec, Inc. (US), Champion Cutting Tool Corp
(US), DeWalt (US), Metabowerke GmbH (Germany),
Steelmax Tools LLC (US), Evolution Power Tools
(UK), PROMOTECH (Poland), Rotabroach (UK), GJ
Hall Tools Inc. (US), Universal Cutting
Drilling Equipment Ltd (UK), C. E. Fein GmbH
(Germany), and RUKO GmbH Präzisionswerkzeuge
(Germany).
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Drill Press Market Research Report - Forecast to
2025
Segmentation
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Drill Press Market Research Report - Forecast to
2025
Scope of the Report This study provides an
overview of the global drill press market,
tracking two market segments across four
geographic regions. The report studies key
players and provide a nine-year annual trend
analysis, which highlights market size, volume,
and share for North America, Europe,
Asia-Pacific, and the rest of the world. The
report also provides a forecast, which focuses
on the market opportunities for the next nine
years for each region. The scope of the study
segments the global drill press market by type
and region.
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