Global Deep Hole Drilling Machines Market Overview
Deep Hole Drilling Machines Market Size was valued at USD 702.1 Million in 2023. The Deep Hole Drilling Machines Market industry is projected to grow from USD 740 Million in 2024 to USD 1,310.10 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.40% during the forecast period (2024 - 2032). The deep hole drilling machine market is presented with significant opportunities through high-precision and micro-drilling applications.
In addition, technologies such as automation, robotics, additive manufacturing, and digitalization provide avenues for growth and advancement in the industry. Moreover, as the global demand for energy continues to rise, there is a growing need to explore and extract new sources of energy, such as oil, gas, and geothermal resources. Deep hole drilling machines are crucial for these exploration activities, enabling the drilling of deep and narrow boreholes to access underground reservoirs. Furthermore, as the automotive industry continues to expand, the demand for deep hole drilling machines is expected to rise.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Deep Hole Drilling Machines Market Trends
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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.
Deep Hole Drilling Machines 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, MRFR 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.
Deep Hole Drilling Machines 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)
Source: Secondary Research, Primary Research, MRFR 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.
Deep Hole Drilling Machines Key Market Players & 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 include
- Entrust Manufacturing Technologies, Inc
- HONG JI Precision Machinery Ltd.
- Co., Ltd. (Korea Gundrill)
- 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
Deep Hole Drilling Machines Market 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.
- In June 2020, Kays Engineering had bought TechniDrill Systems, Inc. Since 1984, Kent, Ohio had served as the design and manufacturing center for BTA machines and the TechniDrill brand of gundrills. In Marshall, Missouri facility, the machines started producing alongside the DeHoff and Eldorado brands of gundrilling equipment.
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.
Deep Hole Drilling Machines Market Segmentation:
Deep Hole Drilling Machines Market Type Outlook
- BTA Machines
- Gun Drilling Machines
- Skiving & Burnishing Machines
Deep Hole Drilling Machines Market Business Type Outlook
Deep Hole Drilling Machines Market Operation Outlook
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
- North America
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of APAC
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 702.1 Million |
| Market Size 2024 |
USD 740 Million |
| Market Size 2032 |
USD 1,310.10 Million |
| Compound Annual Growth Rate (CAGR) |
7.40% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| 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 |
Frequently Asked Questions (FAQ) :
The Deep Hole Drilling Machines Market size was valued at USD 702.1 Million in 2023.
The global market is projected to grow at a CAGR of 7.40% during the forecast period, 2024-2032.
Asia Pacific had the largest share of the Deep Hole Drilling Machines Market in 2022.
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.
The BTA machines segment dominated the deep hole drilling machines market in 2022.
OEMs segment had the largest revenue share of the Deep Hole Drilling Machines Market in 2022.
