Global Deep Hole Drilling Machines Market to Reach USD 951.7 Million by 2033, Impelled by Increasing Applications Across Various Industries

January 16, 2025 | Heavy Industry

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The latest report by IMARC Group, titled “Deep Hole Drilling Machines Market Report by Type (BTA Machines, Gun Drilling Machines, Skiving and Burnishing Machines), Operation (CNC, Non-CNC), Business Type (Original Equipment Manufacturer (OEM), Aftermarket), End-user Industry (Oil and Gas, Medical, Automotive, Construction and Mining, Energy, Aerospace, Military and Defense, and Others), and Region 2025-2033,” finds that the global deep hole drilling machines market size reached USD 624.1 Million in 2024. Deep hole drilling machines are advanced metal-cutting tools designed to drill deep and precise holes into metals. They comprise a cutting tool or rotating drill fitted into the internal spindle taper, which is pressed at the desired location and inserted into the metal to create a hole with the required diameter. They are widely used to drill deep holes with accuracy, reliability, and efficiency and cut through various metals, such as alloy and stainless steel, aluminum, titanium, cast iron, and copper alloys. They facilitate multi-speed transmissions with multiple off-center holes for hydraulic sequencing and lubrication. As a result, deep-hole drilling machines are extensively used for manufacturing straight and precisely drilled workpieces.

Global Deep Hole Drilling Machines Market Trends:

The increasing product applications across various industries represent the primary factor driving the market growth. For instance, deep-hole drilling machines are widely used to manufacture automotive components, such as transmission shafts, engine blocks, camshafts, and airbag propellant chambers. In addition, there has been widespread product adoption to fabricate titanium and surgical-grade steel-based medical implants and surgical tools as the drill holes improve the structural integrity of the devices by providing a high strength-to-weight ratio and corrosion resistance. Along with this, the growing product usage in the production of heavy machinery for the mining industry due to the surging need for high-accuracy and reliable parts in equipment has augmented the demand for deep-hole drilling machines. Furthermore, several leading manufacturers are heavily investing in research and development (R&D) activities to launch innovative product variants with easy-to-use programming and better control over the drilling process. Moreover, the introduction of multi-purpose material removal machines comprising multiple cutting equipment in a single machine has propelled the market growth. Other factors, including the expanding automotive sector, escalating demand for orthopedic devices, increasing mining and construction projects, and rising automation and advancements in manufacturing processes, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach USD 951.7 Million by 2033, growing at a CAGR of 4.8% during 2025-2033.

Market Summary:

The market has been segregated based on the type into BTA, gun drilling, and skiving and burnishing machines.
Based on the operation, the market has been bifurcated into CNC and non-CNC.
On the basis of the business type, the market has been classified as original equipment manufacturer (OEM) and aftermarket.
The market has been segmented based on the end user industry into oil and gas, medical, automotive, construction and mining, energy, aerospace, military and defense, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been examined, with some of the key players being Cheto Corporation SA, Frankor Capital Corporation, Galbiati Costruzioni Meccaniche S.r.l., Hochent (Shanghai) Machinery Development Co. Ltd., HONG JI PRECISION MACHINERY LTD., I.M.S.A. S.r.l, Kays Engineering, Inc., Kennametal Inc., TIBO Tiefbohrtechnik GmbH, and UNISIG GmbH.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Segment Coverage	Type, Operation, Business Type, End-user Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Cheto Corporation SA, Frankor Capital Corporation, Galbiati Costruzioni Meccaniche S.r.l., Hochent (Shanghai) Machinery Development Co. Ltd., HONG JI PRECISION MACHINERY LTD., I.M.S.A S.r.l, Kays Engineering, Inc., Kennametal Inc., TIBO Tiefbohrtechnik GmbH and UNISIG
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Deep Hole Drilling Machines Market to Reach USD 951.7 Million by 2033, Impelled by Increasing Applications Across Various Industries

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