NEW YORK, March 22, 2022 (GLOBE NEWSWIRE) — the Global Deep Hole Drilling Machines Market is expected to increase at a CAGR of over 6% during the forecast period, reaching a market value of over USD 995 million by 2028.
Drilling is the most common method of making holes in metal materials. With increasing drilling depth in the drill, the demands on the machine and tool increase. Deep hole drilling is a complicated process with high material removal rate and hole accuracy. Gun drilling is used in a variety of industries, but its origins can be traced to the need to drill extremely accurate and precise straight gun barrels where the depth to diameter ratio can exceed 20:1. Deep hole drilling requires the use of special cutting tools that allow a greater volume of coolant to flow in and out of the hole to evacuate chips. Most deep hole drilling applications require the use of specialized machinery to accommodate the specialized tools. Deep hole drilling can use a rotating workpiece, a rotating tool, or both a rotating tool and a rotating workpiece. Additionally, these are used to drill holes with depth-to-diameter (D:d) ratios in excess of 10:1 and as high as 400:1.
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Global Deep Hole Drilling Machines Market Dynamics
One of the key factors for a positive market growth outlook is the significant growth in the automotive industry across the globe. Gun drilling machines are often used in the production of automotive components such as transmission shafts, camshafts and engine blocks. Furthermore, the widespread use of deep hole drilling machines in the manufacture of surgical grade medical and surgical tools as well as titanium is driving the market growth. Drilled holes contribute to the structural integrity of tools by providing high strength-to-weight ratio and corrosion resistance. A variety of innovative products, such as the increasing use of multi-purpose material removal machines that combine multiple cutting tools in a single machine, are also contributing to the market growth. Other factors such as rapid industrialization, increasing adoption of automation, and advances and improvements in manufacturing processes are expected to drive the market.
In addition, the COVID-19 pandemic has halted the production and sales of deep hole drilling machines due to prolonged lockdowns in key global countries such as the United States, China and Japan. This has significantly slowed down the growth of Deep Drilling Machines market in 2020.
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Deep hole drilling machines, which are increasingly used in the medical industry, are driving the industry growth
In medical technology, deep hole drilling machines are used to drill 200 mm deep holes with a diameter of 2.5 mm in titanium and stainless steel components. While the 80:1 ratio is challenging, it is the tight diameter and straightness tolerances required that make the process a real challenge that only a gun drill can handle. Medical implants are an extremely important application for deep hole drilling. These implants are characterized by the use of surgical grade titanium and steel. Titanium is a biocompatible material, but drilling is difficult. This challenge is eliminated by the experience of manufacturing deep hole drilling machines. However, these machines allow long, precise holes to be drilled with relatively unusual drilling parameters. This equipment is used to drill holes in components such as femoral pins, shin pins, bone screws, and surgical instruments.
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North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the regional classification of the global Deep Hole Drilling Machines Market. Due to the existence of machine markets that are manufactured on a large scale to meet the demand of the industry, the Asia-Pacific region represents the largest share of the global deep hole drilling machine market and is expected to grow at a significant CAGR. China is the market leader in deep hole drilling machines and will have the largest market share during the forecast period. In addition, the Chinese market is experiencing significant growth due to the development of the engineering industry in the region.
The global deep hole drilling machine market has been segmented by Acumen Research and Consultancy based on types, operation, end user and business type. Based on the types, the market is segmented into Gun Drills, BTA Machines, and Peeling & Polishing Machines. Based on the operation, the market split into CNC and non-CNC. Based on end-users, the market is segmented into automotive, oil & gas, medical, aerospace, mining & construction equipment, molds & forms, energy, military & defense and other end-users. Based on business type, the market is segmented into Original Equipment Manufacturer (OEM) and Aftermarket.
Some major players in the global deep hole drilling machine market are Dezhou Guanlu Precision Machinery Co., Ltd, Entrust Manufacturing Technologies, Inc., Imenco AS, UNISIG GmbH, IMSA Srl, HONG JI Precision Machinery Ltd., TBT Tiefbohrtechnik GmbH + Co, Kennametal Inc. , Loch Präzisions Bohrtechnik GmbH, Mollart Engineering Ltd., TIBO Tiefbohrtechnik GmbH and others.
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