The market size of drilling machines surpassed USD 22.5 billion in 2022 and projected exhibit 5% CAGR during 2023 to 2032, explains GMI report.
Deep-hole drilling machine industry size is poised to reach USD 8.5 billion by 2032 due to rapid industrialization and Industrial 4.0.
Asia Pacific drilling machines sector is estimated to amass USD 13.5 billion by 2032 owing to the booming automobile sector.
ERLO Group, Minitool, SMTCL, Kays Engineering, Cheto Corporation SA, Hypneumat, Inc., and MODERN TOOLS MANUFACTURERS are some of the leading drilling machine suppliers.