Global Magnetic Drill Press Market Growth 2023-2029

Global Magnetic Drill Press Market Growth 2023-2029

A Magnetic Drill Press is a specialized portable power tool used for drilling holes in steel and similar metals.
• They are used on the job site or in the shop
• Also referred to as a mag drill, portable base drills, portable drill press

It can be time-consuming and cumbersome to try to maneuver large steel or pipe into position at a stationary drill press or work center. A portable magnetic drill allows you to take the drill to the work piece, instead of trying to bring the work piece to the drill.

A portable magnetic drill may be used in any position—vertical, horizontal, or overhead (upside down)

LPI (LP Information)' newest research report, the “Magnetic Drill Press Industry Forecast” looks at past sales and reviews total world Magnetic Drill Press sales in 2022, providing a comprehensive analysis by region and market sector of projected Magnetic Drill Press sales for 2023 through 2029. With Magnetic Drill Press sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Magnetic Drill Press industry.

This Insight Report provides a comprehensive analysis of the global Magnetic Drill Press 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 Magnetic Drill Press portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Magnetic Drill Press market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Magnetic Drill Press 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 Magnetic Drill Press.

The global Magnetic Drill Press market size is projected to grow from US$ 237.4 million in 2022 to US$ 296.3 million in 2029; it is expected to grow at a CAGR of 296.3 from 2023 to 2029.

Globally, the Magnetic Drill Press industry market is low concentrated as the manufacturing technology of Magnetic Drill Press is relatively matures than some high-tech equipment. And some enterprises, like Milwaukee, Hougen, Metabo and C.＆E. Fein GmbH, etc. are well-known for the wonderful performance of their Magnetic Drill Press and related services. At the same time, Europe, occupied 33% production market share, is remarkable in the global Magnetic Drill Press industry because of their market share and technology status of Magnetic Drill Press.

This report presents a comprehensive overview, market shares, and growth opportunities of Magnetic Drill Press market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Cordless/Battery-Powered Magnetic Drills
Electric Magnetic Drills
Hydraulic Magnetic Drills
Pneumatic/Air-Powered Magnetic Drills

Segmentation by application
General Industry
Infrastructure Industry
Construction Industry
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.
Hougen
Milwaukee
C.＆E. Fein GmbH
Metabo
Nitto
Rotabroach
Unibor
Euroboor
Evolution Power Tools
Ruko
DEWALT
ALFRA
Karnasch Professional Tools GmbH
Powerbor
Champion
Dongcheng
KEN
BDS Maschinen GmbH
Stürmer
Eibenstock
Cayken
BLUEROCK Tools
Dexi
Rain Bird

Key Questions Addressed in this Report

What is the 10-year outlook for the global Magnetic Drill Press market?

What factors are driving Magnetic Drill Press market growth, globally and by region?

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

How do Magnetic Drill Press market opportunities vary by end market size?

How does Magnetic Drill Press break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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