Registering a CAGR of 4.2% over the forecast period of 2022-2027, the global magnetic drill press market is anticipated to reach the market value of US$ 270.6 million in the year 2026 from US$ 229.9 million in the year 2020.
Magnetic Drill Press Market Overview
A drill press is widely used in the automobile, printing, and manufacturing industries to rise the durability and tensile strength of the machine with effective execution in resistive materials with quality performance. These advantages are probable to offer promising growth opportunities for the drill press market during the forecast period. However, the growth of the global drill press market may be hindered due to the fluctuating raw material prices.A magnetic drill press is a specialized power tool which is used for drilling holes in steel and other similar metals. Trying to maneuver large pipe or steel into a position at a stationary drill press or work center can be lengthy and heavy process. A portable magnetic drill aids you in taking the drill to work piece instead of trying to bring the work piece to the drill.Factors such as rising in augmented demand for fabricated metal products, development of heavy equipment industry, and surge in large-scale industrial automation are expected to drive the growth of the market. In addition, advancement in manufacturing machineries and government initiatives pertaining to machine tools industry provide lucrative growth opportunity to the market. However, fluctuation in the prices of the raw material and lack of skilled labor in the manufacturing sector hinder the growth of the drilling machine market.
Who are the Major Players in Magnetic Drill Press Market?
Top Key Players in the Magnetic Drill Press Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Magnetic Drill Press Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Milwaukee, Hougen, Metabo, C.&E. Fein GmbH, Unibor, Evolution Power Tools, DEWALT, Nitto, Euroboor, Ruko, ALFRAL, G & J HALL TOOLS, Champion, Rotabroach, Dongcheng, KEN and others.
Industry News
New Six Inch Depth of Cut Two Speed Magnetic Drill
Hougen Manufacturing, Inc (Swartz Creek, MI) has released a new portable magnetic drill, the HMD918. This new model offers a major upgrade to the depth of cut in the line of Hougen magnetic drills. The HMD918 has a high torque motor and extended six inch drilling depth to give metal fabricators more options to drill deep holes in steel whether it is a solid piece of material or multiple stacked plates.
What are the major Applications, Types and Regions for Magnetic Drill Press Market?
Magnetic Drill Press Market is segmented based on the type, applications, companies and regions.
By Type, Magnetic Drill Press Market has been segmented into
- Cordless/battery-powered magnetic drills
- Electric magnetic drills
- Hydraulic magnetic drills
- Pneumatic/air-powered magnetic drills
By Applications, Magnetic Drill Press Market has been segmented into,
- General Industry
- Infrastructure Industry
- Construction Industry
- Others
Magnetic Drill Press Market Regional Analysis
Asia-Pacific accounts for the larger share in the global drilling machine market and is projected to grow at a significant CAGR, due to existence of machine market that are manufactured at large scale to fulfill the industry demand. China has pioneered in the drilling machine in the market and holds the highest market share during the forecast period.
The report offers in-depth assessment of the growth and other aspects of the Magnetic Drill Press Market in important regions, including the
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
Magnetic Drill Press Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Magnetic Drill Press Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Magnetic Drill Press Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 4.2% during the review period (2022 to 2027).
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By Type
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- Cordless/battery-powered magnetic drills
- Electric magnetic drills
- Hydraulic magnetic drills
- Pneumatic/air-powered magnetic drills
- Others
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By Application
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- General Industry
- Infrastructure Industry
- Construction Industry
- Others
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By Companies
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Milwaukee, Hougen, Metabo, C.&E. Fein GmbH, Unibor, Evolution Power Tools, DEWALT, Nitto, Euroboor, Ruko, ALFRAL, G & J HALL TOOLS, Champion, Rotabroach, Dongcheng, KEN and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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119
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Magnetic Drill Press Report
- Evaluate Magnetic Drill Press market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Magnetic Drill Press market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Magnetic Drill Press Market is studied from 2017 - 2027.
What is the growth rate of the Magnetic Drill Press Market?
The Magnetic Drill Press Market is growing at a CAGR of 6.4% over the next 5 years.
What regions does this Magnetic Drill Press Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
