Automated Drilling Machine Market: Introduction
Automatic drilling machines are used for drilling or threading holes in a given surface. The models that combine the functions of drilling machines are referred to as automatic drilling machines. Drilling machines range from smaller bench machines used for jewelry operation to huge heavy-duty machines which bore large holes in steel forgings at an exceptional rate. Automatic drilling has an exceptionally large column that is stable and can move at a high speed of about 60m/min without deformation. In fact, the prominent features of an automatic drilling machine is the ultra large span base with the adoption of six-point support to ensure sturdiness, as well as high speed displacement with no vibration and deformation.
Key Drivers of the Automated Drilling Machine Market
The global automated drilling machine market is anticipated to expand at an exponential rate in the near future. Rising automation across several industries such as oil & gas, automobile industry, and steel & metal industry is anticipated to drive the demand for automated drilling machines. Fully automated drilling machine systems are efficient as they minimize the involvement of human labor, thereby minimizing workplace accidents. This is expected to boost the growth of the automated drilling machine market. Additionally, usage of automated drilling machine systems help in reducing operational errors that occur through manual drilling, thereby increasing the overall operational efficiency. This in turn is anticipated to increase the demand for automated drilling machines.
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High quality automation drilling creating opportunities in the automated drilling machine market
Automatic drilling machines have the highest degree of automation. When working with an automatic drilling machine, simply place the part to be machined on the surface, and the machine undergoes automated feeding, automatic positioning, automatic clamping, automatic tapping, and automatic unloading. Multiple automatic drilling and tapping machines can be operated by a single worker at the same time, boosting production efficiency and saving labor cost significantly. These factors create new opportunity for the product in the market.
High operating cost and increased pollution act as restraints of the market
Factors such as high cost of production may hamper the growth of the automated drilling machine market. Automated machines are likely to account for huge operating cost for a company. Automated machines can cost anywhere between thousands and millions of dollars depending on the type and degree of automation. Another hurdle is pollution which is emitted by such machines. Different types of machines operate using a motor which may require gases or chemicals to operate. This can cause an increase in pollution in the workplace.
Europe the dominant market
U.K, Germany, and France dominate the automated drilling machine market. Introduction of better technology in automated drilling machine systems coupled with government and local manufacturing association initiatives to increase awareness about the usage of automation instead of manual labor is expected to drive the automated drilling machine market in the region.
Key Players Operating in the Global Market
Companies are working on product innovation and development to expand their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level.
Some of the major companies identified in the automated drilling machine market are:
- FANUC America Corporation
- Yaskawa America, Inc.
- KUKA AG
- National Oilwell Varco
- Weatherford International
Automated Drilling Machine Market: Research Scope
Automated Drilling Machine Market, by Automation
Automated Drilling Machine Market, by End-user
- Oil & gas industry
- Automotive industry
- Metal and steel industry
Automated Drilling Machine Market, by Distribution Channel
The report on the automated drilling machine market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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