Global Gang Drilling Machine Market Growth 2024-2030

Global Gang Drilling Machine Market Growth 2024-2030

Gang drilling is performed with a dedicated gang drilling machine. A gang drilling machine is a type of lathe that specializes in gang drilling holes.

While general lathes rotate the material, hole drilling by gang drilling machines is performed by rotating the gang drills. In deep hole drilling, chips generated by the drilling process can block the drilled hole or interfere with the drill's rotation, resulting in damage to the drill. As a countermeasure, cutting oil is continuously injected from the tip of the drill to create a flow of cutting oil inside the drilled hole, which pushes chips backward out of the hole.

The gang drill has a holding section at the base of the drill, called a screwdriver, which is held by the rotating chuck of the gang drilling machine. Cutting fluid is supplied from the rear of the driver, passes through the shank of the gang drill, and is sprayed from the cutting edge at the tip of the drill. For this reason, gang drilling machines are characterized by the center-through coolant function (function to supply cutting oil) in the part that holds the driver.

Depending on the machining depth, the length of a gang drill can be dozens of times longer than its diameter. The depth of drilling causes runout of the shank (shaft) of the gang drill, and several guides are provided on the gang drilling machine to suppress this runout. The number of guides used can be selected according to the hole depth, and the guides move without interfering with machining.

The global Gang Drilling Machine market size is projected to grow from US$ 5939.9 million in 2023 to US$ 9507.3 million in 2030; it is expected to grow at a CAGR of 7.0% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Gang Drilling Machine Industry Forecast” looks at past sales and reviews total world Gang Drilling Machine sales in 2023, providing a comprehensive analysis by region and market sector of projected Gang Drilling Machine sales for 2024 through 2030. With Gang Drilling Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gang Drilling Machine industry.

This Insight Report provides a comprehensive analysis of the global Gang Drilling Machine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gang Drilling Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Gang Drilling Machine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gang Drilling Machine and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gang Drilling Machine.

The global market for gang drilling machines is expected to experience steady growth in the coming years. Gang drilling machines are widely used in various industries such as automotive, aerospace, and construction for drilling multiple holes simultaneously in a workpiece. The increasing demand for precision drilling and the need for efficient production processes are driving the growth of the gang drilling machine market.

One of the key factors driving the growth of the gang drilling machine market is the increasing adoption of automation in manufacturing processes. Gang drilling machines offer high precision and efficiency, making them ideal for automated production lines. Additionally, the growing demand for customized and complex components in industries such as automotive and aerospace is fueling the demand for gang drilling machines.

The market for gang drilling machines is also benefiting from technological advancements such as the integration of CNC (Computer Numerical Control) systems and IoT (Internet of Things) technology. These advancements enable operators to program and monitor the drilling process more effectively, leading to improved productivity and quality.

In terms of regional analysis, Asia Pacific is expected to dominate the gang drilling machine market due to the presence of a large manufacturing sector in countries such as China, India, and Japan. North America and Europe are also significant markets for gang drilling machines, driven by the strong presence of automotive and aerospace industries in these regions.

This report presents a comprehensive overview, market shares, and growth opportunities of Gang Drilling Machine market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Horizontal
Vertical

Segmentation by application
Automobile Manufacturing
Aerospace
Machinery Manufacturing
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
E-Z Drill, Inc.
NS Machine
SUGINO MACHINE LIMITED
HELTOS a.s.
Sandvik Coromant
Muraki co.,ltd.
Miroku Machine Tool Inc.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gang Drilling Machine market?

What factors are driving Gang Drilling Machine market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gang Drilling Machine market opportunities vary by end market size?

How does Gang Drilling Machine break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.