Drill Press Market

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2www.marketresearchfuture.comDrill Press Market Research Report - Forecast to 2025Global Drill Press Market Research Report: Information by Type (Hydraulic, Electric and Magnetic), DrillingDiameter (Below 2”, 2” to 5” and Above 5”) and Region (North America, Europe, Asia-Pacific and the Restof the World) - Forecast till 2025A drill press includes base, column (or pillar), table, spindle (or quill), and drill head, usually driven by an induction motor,and is used to drill or enlarge a cylindrical hole in a workpiece or part. A drill press primarily uses hydraulic, electric, ormagnetic methods for operating. The global drill press market is expected to witness 4.15% CAGR during the forecastperiod. The market size is expected to reach 825 Million units by 2025.The Global Drill Press Market is segmented based on type, drilling diameter, and region. Based on type, the global markethas been segmented into hydraulic, electric, and magnetic. Based on drilling diameter, the global market has beensegmented into below 2”, 2” to 5”, and above 5”.Based on type, the electric drill press segment is expected to register the higher growth rate during the forecast period inthe global drill press market. This growth is attributed to the increasing demand for electric drill press machines as theyoffer numerous advantages like high speeds up to 800 mm/sec and faster clamp motion, shorter startup time and up to 20%faster cycle times, and lower unit cost with less material waste.The global drill press market is primarily driven by factors such as the manufacturing industry growth and increasingautomotive industry investments.
3www.marketresearchfuture.comDrill Press Market Research Report - Forecast to 2025Market Research AnalysisIn terms of region, the global market for drill press is segmented into North America, Europe, Asia-Pacific, and the rest ofthe world. Asia-Pacific is expected to witness the highest CAGR in the global drill press market. The growth of themanufacturing and automotive industries in countries such as India, South Korea, and China, combined with the recentgovernment initiatives to increase the investments in the manufacturing sector is expected to drive the growth of the drillpress market in Asia-Pacific.Furthermore, the drill press market in Europe is anticipated to expand at a significant rate during the forecast period, mainlydue to the increase in the adoption of advanced technology and increase in import & export activities in Europe. The regionis the hub of major automobile manufacturers such as Audi AG, Bayerische Motoren Werke AG, and the Volvo Group. Thisalso encourages the growth of the market. Moreover, increasing upgrades and renovation of existing infrastructure providefurther boost to the growth of the drill press market.Some of the major players in the global drill press market are JEI Drilling & Cutting Solutions Ltd (India), Dongcheng PowerTools (India), Alfra Tools LLC. (US), Hougen Manufacturing Inc (US), Milwaukee Tool (US), CS Unitec, Inc. (US), ChampionCutting Tool Corp (US), DeWalt (US), Metabowerke GmbH (Germany), Steelmax Tools LLC (US), Evolution Power Tools (UK),PROMOTECH (Poland), Rotabroach (UK), G&J Hall Tools Inc. (US), Universal Cutting & Drilling Equipment Ltd (UK), C. & E.Fein GmbH (Germany), and RUKO GmbH Präzisionswerkzeuge (Germany).Request Report Sample @ https://www.marketresearchfuture.com/sample_request/8434
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