Radial Drilling Machine Market Size, Share and COVID Impact Analysis, By Type (Manual Clamping, Electrical Clamping, and Hydraulic Clamping), By Application (Construction, Metal Working, Wood Working, Others), and Regional Forecast, 2024-2032

Radial drilling machine is generally used to make circular as well as square holes on the job components with the help of various drill bits. Radial drill machine perform drilling operation on the pre-defined radial distance, whenever the height of the job component is larger than the work table. When the job component is too large, it cannot be easily fitted its size in the Machine vice. Thus, the job component needs to place on the ground surface and then the radial arm of the drilling machine to be rotated accordingly to perform the operation. There are various parts of a radial drilling machine such as base, column, radial arm, motor for elevating the arm, elevating screw, guideways, the motor of driving drill spindle, drill spindle, drill head and table.

In the recent year, the demand for radial drilling machines and radial drilling component is increasing tremendously. Owing to its benefits such as the ability to drill, various shape on work pieces with different lengths. Radial drilling machine has various advantage over the bench-drilling machine, as it works efficiently on different metals and wood parts as well and it can be rotated by 360 degrees as per requirement. These benefits of radial drilling machines will boost the market globally.

Impact of COVID-19 on Radial Drilling Machine Market:

Radial drilling machine manufacturing industry is one of those businesses that are massively affected due to breakout of COVID-19. Due to outbreak of coronavirus has affected the radial drilling machine industry in numerous ways; it has too brought a various opportunity for the radial drilling machines industry. At one side, the request for radial drilling machine has declined. The manufacturing of drilling machine has moreover declined with more than 10%, numerous production facilities are running at 50% capacity and numerous end-user businesses are battling to get their raw material, which is various forms of steel such as MS steel, high-speed steel and high carbon steel.

On the other hand, the radial drilling machines market is utilizing it as an opportunity to reduce the imports of machine components and raw materials from China and increase their dependence on household industry. As China is the leading exporter of steel in the world. In addition, various policies made by government authorities of the emerging country such as India and Japan for promoting manufacturing sector will gradually boosts the market.

Key Insights:

The report will cover following key insights:

• Recent industry trends and developments.


• Competitive landscape & strategic key players.


• Impact of COVID-19 on the Global Radial Drilling Machine Market.


• Complete background analysis including assessment of the global Radial Drilling Machine market.


• Complete Analysis of all the Segments and Regional Insights.

Regional Analysis:

• The Asia Pacific region is leading the market with a huge share of 51% and it is projected to dominate the Radial Drilling Machine market during the forecast period. In addition, China and India contributed notably to the boost of the rubber extrusion market in the Europe region.


• The Europe radial drilling machine market is following the trends of Asia Pacific with a market share of 23% and it will remain the highest growing region in the market with the highest CAGR during the forecast period. In addition, the surge in the adoption of emerging technologies and innovation in the radial drilling machine such as extensive use of machine automation and CNC technology boosts the market.


• In North America, top key players in automotive and manufacturing sectors from developed countries such as the U.S. and Canada are increasing the use of radial drilling machines for the production of various parts. Also high precision and accuracy of the radial drilling machine propel the market in the region.


• Middle East & Africa and South America are holding less share in the market. However, the increasing use of radial drilling machines by the oil and gas company for manufacturing various components required for oil rig machinery in the Middle East countries the and surging manufacturing sector in South America are expected to boost the growth of the radial drilling machine market during the forecast period.

Analysis by Applications. 

Radial drilling machine has extensive demand the sheet metal works. Radial drilling machines are widely used for drilling various engine parts and transmission system in the vehicle. It is used for drilling various intricate holes in the automobile door system. The use of radial drilling machine in wood carpentry industry is increasing it is used to various operation such as punch hole, counter hole on large sized work piece. Moreover, the application of radial drilling machines in the oil & gas and construction sector is increasing rapidly which will be opportunistic for the global market during the forecast period.

Key Players Covered:

Eastar Machine Tools Corps, Esskay International Machine Tools, GILLARDON GmbH & Co. KGHMT, Machine Tools Limited, Kanematsu KGK Corp, Ohtori-kiko Co., Ltd., Shenyang Haitong International Machinery & Equipment Co.,Ltd, Taian Hiscience Machinery Co., Ltd., Tailift Co., Ltd., WGM Maschinen, and others.

Segmentation:

Key Industry Developments:

• In June 2021 – NOV which is manufacturing automation platform provider company collaborated with Schlumberger which is oil and gas machinery provider company. Through this collaboration, Schlumberger will allow to use of the automation platform of NOV and provide better well construction solution to its customers.


• In March 2022 – The team of student researchers from Indian Institute of Technology Guwahati (IIT-G) had collaborated with Oil and Natural Gas Corporation of India, which is ONCC to research and developed a new decision-making support system for oil and gas drilling. This research used radial drilling technic for developing this process. 


• In May 2022, Major Drilling Group International Inc. acquired McKay Drilling PTY Limited company which is drilling service provider company in Australia. This acquisition will lead to provide various more precise drilling service to the customer of both company.