Published Date : Dec 05, 2016
ALBANY, NY, Dec 05, 2016: The latest report, titled “Global Drilling Machines Market 2016-2020,” is a holistic snapshot of the current scenario that manufacturers and distributors of drilling machines are following. The report encapsulates all drivers, restraints, opportunities, and trends currently influencing the global drilling machines market as well as a forecast of what the market is likely to be till 2020.
According to the report, the global drilling machines market is expected to expand at a healthy 5.7% CAGR within a forecast period from 2016 to 2020. Listed in the report are the many drivers that are collectively responsible for this growth rate. The primary driver among these is the growing demand for fabricated metal products. The industries of construction, automotive, and machine parts manufacturing are the core end users demanding a greater proportion of fabricated metal, and the current positive growth rate they are showing is reflecting directly on the global drilling machines market.
However, the global drilling machines market is being held back by the downswing in European demands for manufacturing. The recent economic meltdown in Europe had dealt a massive blow to the overall demand for machine tools, thereby cutting down their manufacturing considerably. While the European economy is currently recuperating, the demand available for the global drilling machines market is still not at a positive rate from this region. One key trend that the report discusses in details is the ratio between the use of high speed steel tools and carbide tools.
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The advancements in technology in the global drilling machines market are also allowing a greater scope of applications for modern drills. They can be used on tougher surfaces that previously were difficult to drill through with conventional drill bits.
The report elaborately discusses the global drilling machines market based on its regional segmentation. The key regions explained within this report include the Americas, the EMEA, and Asia Pacific. The report also compares the scope of growth in the global drilling machines market among the various regions as connected to their economic positions and rate of improvement. It takes into account, for instance, the current rate of industrial evolution in Asia Pacific which is a promising region for the expansion of many industry verticals.
The key players operating within the global drilling machines market currently, include DATRON, DMTG, DMG MORI, and SMTCL. Apart from them, the market also includes other prominent vendors also mentioned in the list, including Cameron Micro Drill Presses, Ernst Lenz Maschinenbau, Fehlmann, Fives Landis, Forma, Gate Machinery International, Hsin Geeli Hardware Enterprise, Kaufman, LTF, Microlution, Minitool, MTI, Roku, Scantool, Taiwan Winnerstech Machinery, Tongtai Machine & Tool, and Yamazaki Mazak.
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