Press release
Drill Press Market Covid-19 Analysis is set to grow Substantially during the Forecast Timeframe
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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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.
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.
By Type
Hydraulic
Electric
Magnetic
By Drilling Diameter
Below 2”
2” to 5”
Above 5”
By Regions
North America
Asia-Pacific
Europe
Rest of the World
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Key Players
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), G&J Hall Tools Inc. (US), Universal Cutting & Drilling Equipment Ltd (UK), C. & E. Fein GmbH (Germany), and RUKO GmbH Präzisionswerkzeuge (Germany).
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