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    Deep Hole Drilling Machines Market

    ID: MRFR/E&P/20029-CR
    128 Pages
    Snehal Singh
    April 2024

    Deep Hole Drilling Machines Market Research Report Information by Type (BTA Machines, Gun Drilling Machines, and Skiving & Burnishing Machines), By Business Type (OEMs and Aftermarket), By Operation (CNC and Non- CNC), By End Use (Oil & Gas, Medical, Automotive, Construction & Mining Equipment, Energy, Die and Mold, Aerospace, Heat Exchanger Tube Sheet, Military & Defense, Others), and by Region (North America, South America, Europe, Asia Pacific, And Middle East & Africa) –Market Forecast Till 2035

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    Deep Hole Drilling Machines Market Infographic
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    Deep Hole Drilling Machines Market Summary

    The Global Deep Hole Drilling Machines Market is projected to grow significantly from 740.00 USD Million in 2024 to 1623.19 USD Million by 2035.

    Key Market Trends & Highlights

    Deep Hole Drilling Machines Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 7.4% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 1623.0 USD Million, indicating robust growth potential.
    • in 2024, the market is valued at 740.00 USD Million, reflecting a strong foundation for future expansion.
    • Growing adoption of advanced drilling technologies due to increasing demand for precision engineering is a major market driver.

    Market Size & Forecast

    2024 Market Size 740.00 (USD Million)
    2035 Market Size 1623.19 (USD Million)
    CAGR (2025-2035) 7.40%

    Major Players

    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., Frankor Hydraulics, Precihole Machine Tools, Kays Engineering, Inc.

    Deep Hole Drilling Machines Market Trends

    Growing Demand From Automotive Industry

    The automotive sector relies heavily on deep hole drilling machines for the production of critical engine components. These machines enable manufacturers to achieve high precision drilling operations, meeting the stringent quality and performance requirements of modern engines. As the automotive industry continues to expand, the demand for deep hole drilling machines is expected to rise. The production of engine components such as crankshafts, camshafts, and drive shafts require deep and precise drilling, which can be efficiently accomplished by deep hole drilling machines.

    These machines offer the capability to drill long and narrow holes with high accuracy, ensuring the optimal performance of the engine components. The increasing production volumes in the automotive industry further drive the demand for deep hole drilling machines. With the rise in global vehicle sales and the need to meet growing consumer demands, manufacturers require efficient and reliable machines that can handle high-volume production. Deep hole drilling machines provide the necessary productivity and efficiency, supporting the automotive industry's growth trajectory.

    Increasing Demand For High-Precision And Micro-Drilling Applications In Various Industries

    The deep hole drilling machine market is presented with significant opportunities through high-precision and micro-drilling applications. These applications require drilling small, precise holes with exceptional accuracy and repeatability, which can be challenging with conventional drilling methods. Deep hole drilling machines offer specialized capabilities that cater to the demands of these applications, opening up new avenues for growth and advancement. One of the key advantages of deep hole drilling machines in high-precision and micro-drilling applications is their ability to achieve outstanding levels of precision and accuracy.

    These machines are equipped with advanced control systems, rigid structures, and specialized tooling that ensure precise hole dimensions and tight tolerances are consistently met. In industries such as electronics, medical devices, and micro-machining, where miniature components are increasingly prevalent, deep hole drilling machines provide the necessary precision to meet the stringent requirements of these applications.

    The Global Deep Hole Drilling Machines Market is poised for growth as industries increasingly demand precision engineering and enhanced manufacturing capabilities.

    U.S. Department of Commerce

    Deep Hole Drilling Machines Market Drivers

    Market Growth Projections

    The Global Deep Hole Drilling Machines Market Industry is poised for substantial growth, with projections indicating a market size of 740 USD Million in 2024 and an anticipated increase to 1623.0 USD Million by 2035. This growth trajectory suggests a compound annual growth rate of 7.4% from 2025 to 2035. The expansion is driven by various factors, including technological advancements, increased demand in aerospace and defense, and rising oil and gas exploration activities. These projections underscore the market's potential and the critical role of deep hole drilling machines in supporting diverse industries.

    Technological Advancements

    The Global Deep Hole Drilling Machines Market Industry is experiencing a surge in technological advancements, which enhances drilling efficiency and precision. Innovations such as advanced CNC controls and high-speed drilling capabilities allow for deeper and more accurate holes. For instance, the integration of automation and robotics in drilling processes has the potential to reduce operational costs and improve safety. As these technologies evolve, they are likely to attract investments, thereby expanding the market. This trend is particularly evident as the market is projected to reach 740 USD Million in 2024, indicating a strong demand for cutting-edge drilling solutions.

    Increasing Manufacturing Activities

    The Global Deep Hole Drilling Machines Market Industry is benefiting from the increasing manufacturing activities across various sectors. Industries such as automotive, machinery, and construction require deep hole drilling for producing high-precision components. The rise in manufacturing output, driven by technological advancements and increased consumer demand, is likely to boost the need for efficient drilling solutions. As manufacturers seek to optimize production processes, the demand for deep hole drilling machines is expected to grow, supporting the overall market expansion. This trend reflects the interconnectedness of manufacturing growth and the need for specialized drilling technologies.

    Expansion of Renewable Energy Projects

    The shift towards renewable energy sources is impacting the Global Deep Hole Drilling Machines Market Industry positively. As countries invest in geothermal energy and other renewable projects, the demand for deep hole drilling machines is likely to increase. These machines are essential for drilling deep wells to harness geothermal energy, which is becoming a viable alternative to fossil fuels. The global focus on sustainability and reducing carbon footprints is pushing industries to adopt advanced drilling technologies. This trend is expected to contribute to the market's growth, aligning with the broader global energy transition goals.

    Growing Demand in Aerospace and Defense

    The aerospace and defense sectors are significant contributors to the Global Deep Hole Drilling Machines Market Industry. These industries require precise and reliable drilling for components such as aircraft engines and missile systems. The increasing production rates of commercial aircraft and military equipment are driving the demand for deep hole drilling machines. As a result, manufacturers are focusing on developing specialized machines that cater to these specific needs. The market is expected to grow substantially, with projections indicating a rise to 1623.0 USD Million by 2035, reflecting the critical role of deep hole drilling in these high-stakes industries.

    Rising Oil and Gas Exploration Activities

    The Global Deep Hole Drilling Machines Market Industry is significantly influenced by the rising activities in oil and gas exploration. As energy demands continue to escalate, companies are investing in advanced drilling technologies to access deeper reserves. The need for efficient and reliable drilling solutions is paramount in this sector, where precision can lead to substantial cost savings. The market's growth is underscored by the anticipated compound annual growth rate of 7.4% from 2025 to 2035, driven by the ongoing exploration efforts in both onshore and offshore environments. This trend highlights the essential role of deep hole drilling in meeting global energy needs.

    Market Segment Insights

    Deep Hole Drilling Machines, Type Insights

    Based on type, the Deep Hole Drilling Machines Market segmentation includes BTA machines, gun drilling machines, and skiving & burnishing machines. The BTA machines segment held the majority Deep Hole Drilling Machines market share in 2022 and is expected to grow at a significant growth rate. BTA stands for boring and trepanning association and are primarily used for deep hole drilling operations where the drilling diameter is relatively larger. These machines utilize an external coolant system to deliver high-pressure coolant through the tool to the cutting zone, flushing away chips and keeping the temperature under control.

    BTA machines are known for their ability to achieve high levels of precision in deep hole drilling. Industries such as aerospace, automotive, and defense often require deep holes with precise tolerances, and BTA machines are capable of meeting these stringent requirements.

    Figure 1: Deep Hole Drilling Machines Market, by Type, 2022 & 2030 (USD Million)

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Deep Hole Drilling Machines Business Type Insights

    The Deep Hole Drilling Machines Market segmentation, based on business type, includes OEMs and aftermarket. The OEMs segment dominated the Deep Hole Drilling Machines market in 2022 and is expected to continue dominating the Deep Hole Drilling Machines industry during the forecast period 2023-2030. The OEM segment includes manufacturers that produce and sell deep hole drilling machines as new equipment. OEMs design, manufacture, and distribute deep hole drilling machines to various industries and end-users. They typically provide warranty support, technical assistance, and after-sales services for their products.

    OEMs play a crucial role in introducing new technologies, innovations, and advancements in the deep hole drilling machines market.

    Deep Hole Drilling Machines Operation Insights

    The operation segment of the deep hole drilling machines market size includes CNC and Non- CNC. The CNC segment dominated the Deep Hole Drilling Machines market in 2022 and is expected to grow at a significant rate during the forecast period 2023-2030. CNC deep hole drilling machines are equipped with computerized control systems that automate the drilling process. These machines are programmed with precise instructions, allowing for high accuracy, repeatability, and flexibility. CNC machines offer features such as automatic tool change, multiple-axis movement, and programmable drilling parameters.

    They are commonly used in industries where complex drilling operations, tight tolerances, and customized hole patterns are required. CNC machines offer improved productivity, reduced operator intervention, and enhanced control over the drilling process.

    Deep Hole Drilling Machines End Use Insights

    The end use segment of the deep hole drilling machines market size includes oil & gas, medical, automotive, construction & mining equipment, energy, die and mold, aerospace, heat exchanger tube sheet, military & defense, others. The automotive segment dominated the Deep Hole Drilling Machines market in 2022 and is expected to grow at a significant rate during the forecast period 2023-2030. The automotive industry relies on deep hole drilling machines for the production of engine components, transmission parts, and fuel injectors. Deep holes are drilled in engine blocks, cylinder heads, and crankshafts, among other automotive components.

    For instance, in November 2021, Sandvik Coromant launched two new microdrill families specifically designed for precision machining. The CoroDrill 462 with -XM geometry and the CoroDrill 862 with -GM geometry support industries that demand small parts manufacturing, such as medical, automotive, electronics and aerospace.

    Get more detailed insights about Deep Hole Drilling Machines Market Research Report — Global Forecast till 2032

    Regional Insights

    By region, the deep hole drilling machines market report provides market insights into North America, South America, Europe, Asia Pacific, and Middle East and Africa. The Asia Pacific deep hole drilling machines market held the largest market share in 2022 and is expected to exhibit a significant CAGR growth during the forecast period. The Asia-Pacific region has a significant and rapidly growing market for deep hole drilling machines. The region's strong manufacturing base, industrial growth, and diverse industries drive the demand for these machines.

    In the Asia-Pacific region, both domestic manufacturers and international brands compete in the deep hole drilling machines market. These manufacturers offer a range of machine models with various features, including CNC (Computer Numerical Control) technology, multi-axis drilling, and advanced automation capabilities. China is a major player in the Deep Hole Drilling Machines Market. The country's strong manufacturing base, industrial growth, and diverse industries drive the demand for deep hole drilling machines. China is not only a significant consumer of these machines but also a leading manufacturer and exporter.

    The automotive industry in China is a major driver of the deep hole drilling machines market.

    The automotive industry in Europe is a major consumer of deep hole drilling machines. European automakers and their supply chains require these machines for the production of engine blocks, cylinder heads, and other critical components. The aerospace industry also plays a crucial role in the demand for deep hole drilling machines, as aircraft manufacturers and their suppliers utilize these machines for precision drilling in aerospace components. Also, these machines provide various application to other industries as well.

    Germany is one of the leading countries in the deep hole drilling machines market and is known for its advanced manufacturing capabilities and high-quality machine tools. The country has a strong industrial base and is home to several prominent manufacturers of deep hole drilling machines. The deep hole drilling machines market in Germany is driven by various factors, including the automotive industry, which is a significant consumer of these machines.

    Figure 2: Deep Hole Drilling Machines Market Size by Region 2022 & 2032 (USD Million)

    Deep Hole Drilling Machines Market Size by Region 2022 & 2030

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    The deep hole drilling machines market in North America is a significant and thriving industry. The region's strong industrial base, technological advancements, and robust manufacturing sectors have contributed to the market's expansion. The market size is influenced by factors such as economic growth, investment in infrastructure, and demand from key industries. The US deep hole drilling machines market is one of the largest globally. The market has witnessed steady growth due to the country's strong manufacturing sector and the demand for high-precision drilling in various industries.

    The market size is influenced by factors such as economic conditions, industrial investments, and technological advancements. The market in the US comprises both domestic and international manufacturers and suppliers of deep hole drilling machines.

    Key Players and Competitive Insights

    The market vendors’ growth depends on market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and improving services. 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. are the major companies in the market which compete in terms of availability, quality, price, and technology. They primarily focus on the development of deep hole drilling machines products. Although international players dominate the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period.

    It has also been forecast that improvement of the global economic scenario, combined with efforts to enhance infrastructure in emerging nations, is fueling the market growth, thereby making it an ideal time to launch new products of deep hole drilling machines and increase the global market share.

    Key Companies in the Deep Hole Drilling Machines Market market include

    Industry Developments

    In January 2023, KOREA GUNDRILL announced a partnership with Cheto Corporation S.A. to distribute its deep hole drilling machines in South America. In October 2022, Entrust launched the UNISIG H2000 deep hole drilling machine, which is the most powerful deep hole drilling machine in the UNISIG range. In October 2022, Hochent launches the HTT-700 deep hole drilling machine, which is the most powerful deep hole drilling machine in the HTT range.

    The virtual reality platform enabled Kennametal Inc. to establish its products in the virtual world in April 2022.

    In March 2022, Hong Ji Precision Machinery Ltd launched their new deep drilling machine ST-1500MA, which also doubles as a milling device.

    In February 2022, Cheto Corporation SA introduced an innovative and new solution to deep-hole drilling systems, which is going to change the industry.

    Acquisition of a significant manufacturing contract from the defense industry by Mollart Engineering Ltd took place in January 2022.

    Entrust’s subsidiary UNISIG launched two additional models of its deep drilling machines in May 2020 under the USC-M series bracket, USC-2M and USC-3M, which can undertake gun drilling and milling processes. Consequently, the company has unveiled these products with the aim of enhancing its product portfolio in order to commit itself to satisfying customer needs.

    For instance, by 2022, the World Bank would like to invest more than USD300 million into India and help establish more than four hundred fifty new plants. Similarly, the World Bank Group intends to invest over USD 900 million in the Brazilian manufacturing sector. Strategies will help this kind of industry in countries like India and Brazil in future therefore growing the driller market for not more than five years.

    December 2022: By Komatsu Limited, a Japanese manufacturing company’s announcement that GHH Group GmbH a major producer of underground mining, tunneling and special civil engineering equipment based in Gelsenkirchen, Germany is going to be acquired; it is as if Komatsu would like to expand its range of underground mining equipment while speeding up new product development with synergies between Komatsu’s current team and its products.

    November 2022: Nidec Corporation (a Japanese manufacturer/distributor) acquired PAMA (an Italian producer of machine tools) as well as nine other affiliated companies. The transaction is estimated to be around 15 billion yen or 108 million dollars, according to reporting by Nikkei Asia. For instance, PAMA had sales worth more than 124 million dollars (118.3 million euros) in 2021 and maintains production bases in Italy and China.

    In November 2021, Sandvik Coromant expanded its drilling tools range with the introduction of two micro drill families - CoroDrill 462 and CoroDrill 862 - for the automotive, medical and aerospace sectors. These machines augment the capability of CNC-controlled deep-hole drilling systems.

    In June 2023, UNISIG invested about 1.5 million Nima into Plant Technology and Equipment for its new 5000 sq. foot fabrication department. The growth aligns with the company’s strategy in fostering or building up capability for design-to-end production of sheet metals that high high-grade components for UNISIG’s product range.

    In January 2023, KOREA GUNDRILL announced that it had entered into a partnership with Cheto Corporation S.A. to sell its Deep Hole Drilling Machines in South American markets.

    In December 2022, HONG JI Precision Machinery Ltd. launched the ST-1500MC milling & drilling machine that has a controlled Active Torque Surveillance system and CNC rotary worktable with a CAT50 spindle. The machine is capable of more than just deep hole drilling, for it can also perform pocket milling, tapping, chamfering and engraving. A CAT50 or BT50 spindle is mounted on this machine for heavy machining work.

    Future Outlook

    Deep Hole Drilling Machines Market Future Outlook

    The Global Deep Hole Drilling Machines Market is projected to grow at a 7.40% CAGR from 2025 to 2035, driven by technological advancements, increasing demand in aerospace, and energy sectors.

    New opportunities lie in:

    • Invest in automation technologies to enhance precision and efficiency in drilling processes.
    • Develop eco-friendly drilling fluids to meet sustainability demands in various industries.
    • Expand service offerings through predictive maintenance solutions to reduce downtime and operational costs.

    By 2035, the market is expected to achieve substantial growth, reflecting evolving industry needs and technological innovations.

    Market Segmentation

    Deep Hole Drilling Machines Market Type Outlook

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

    Deep Hole Drilling Machines Market End Use Outlook

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

    Deep Hole Drilling Machines Market Regional Outlook

    • US
    • Canada
    • Mexico

    Deep Hole Drilling Machines Market Operation Outlook

    • CNC
    • Non- CNC

    Deep Hole Drilling Machines Market Business Type Outlook

    • OEMs
    • Aftermarket

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 740 Million
    Market Size 2035 1623.19 (Value (USD Million))
    Compound Annual Growth Rate (CAGR) 7.40% (2025 - 2035)
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2018- 2021
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Business Type, Operation, End Use and Region
    Geographies Covered North America, South America, Europe, APAC, and MEA
    Countries Covered The U.S, Germany, Canada, U.K., France, Japan, China, India, South Africa, and Brazil, among others
    Key Companies Profiled 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.
    Key Market Opportunities ·       Advanced Manufacturing Technology ·       Increasing Demand For High-Precision And Micro-Drilling Applications In Various Industries
    Key Market Dynamics ·       Growing Demand From Automotive Industry ·       Increasing Demand For Energy Exploration
    Market Size 2025 794.77 (Value (USD Million))

    FAQs

    How much was the Deep Hole Drilling Machines Market in 2022?

    The Deep Hole Drilling Machines Market size was valued at USD 702.1 Million in 2023.

    What is the growth rate of the Deep Hole Drilling Machines Market during the forecast period?

    The global market is projected to grow at a CAGR of 7.40% during the forecast period, 2024-2032.

    Which region held the largest market share in the deep hole drilling machines market in 2022?

    Asia Pacific had the largest share of the Deep Hole Drilling Machines Market in 2022.

    Who are the key players in the deep hole drilling machines market?

    The key players in the market are 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., among others.

    Which Type dominated the deep hole drilling machines market in 2022?

    The BTA machines segment dominated the deep hole drilling machines market in 2022.

    Which Business Type segment had the largest market share in the deep hole drilling machines market in 2022?

    OEMs segment had the largest revenue share of the Deep Hole Drilling Machines Market in 2022.

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