Deep Hole Drilling Machines Market is predicted to reach USD 1,054.7 Million at a CAGR of 5.9% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Deep Hole Drilling Machines Market”.

The Deep Hole Drilling Machines market is estimated to register a CAGR of 5.9% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Deep Hole Drilling Machines market— Entrust Manufacturing Technologies, Inc, HONG JI Precision Machinery Ltd., Hochent (Shanghai) Machinery Development Co., Ltd. (HTT), KGD. Co., Ltd. (Korea Gundrill), I.M.S.A. S.r.l., Mollart Engineering Limited, TBT Tiefbohrtechnik GmbH + Co., TIBO Tiefbohrtechnik GmbH, Cheto Corporation S.A., Galbiati Costruzioni Meccaniche S.r.l., Loch Präzisions Bohrtechnik GmbH, Kennametal Inc., (WIDMA- Machining Solutions Group), Frankor Hydraulics, Precihole Machine Tools, and Kays Engineering, Inc., among others.

Market Highlights

The global Deep Hole Drilling Machines market is accounted to register a CAGR of 5.9% during the forecast period and is estimated to reach USD 1,054.7 Million by 2030.

As the global demand for energy continues to rise, there is a growing need to explore and extract new sources of energy, such as oil, gas, and geothermal resources. Deep hole drilling machines are crucial for these exploration activities, enabling the drilling of deep and narrow boreholes to access underground reservoirs. In the oil and gas industry, deep hole drilling machines are utilized in both onshore and offshore exploration. 

These machines are capable of drilling deep wells to reach oil and gas reserves that are located thousands of meters below the Earth's surface. As the demand for oil and gas remains high, particularly in developing economies, the need for deep hole drilling machines to support energy exploration and extraction is expected to increase. However, deep hole drilling machines are specialized and complex equipment that require significant capital investment. 

The upfront cost of purchasing and installing these machines can act as a barrier, particularly for small and medium-sized enterprises (SMEs) with limited financial resources. The cost of deep hole drilling machines can vary depending on factors such as size, drilling capacity, automation features, and technological advancements. Additionally, the associated infrastructure, including supporting equipment, tooling, and skilled labor, further adds to the investment required. This financial commitment can deter potential buyers from entering the market or upgrading their existing equipment. 

In addition, the deep hole drilling machine market is presented with significant opportunities through high-precision and micro-drilling applications. These applications require drilling small, precise holes with exceptional accuracy and repeatability, which can be challenging with conventional drilling methods. 

Deep hole drilling machines offer specialized capabilities that cater to the demands of these applications, opening up new avenues for growth and advancement. One of the key advantages of deep hole drilling machines in high-precision and micro-drilling applications is their ability to achieve outstanding levels of precision and accuracy.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Deep Hole Drilling Machines Market Trends

Segment Analysis

The global deep hole drilling machines market has been segmented type, business type, operation, and end use.

Based on type, the global deep hole drilling machines market segmentation includes BTA machines, gun drilling machines, and skiving & burnishing machines. The BTA Machines segment held the majority market share in 2022 and is expected to grow at a significant growth rate. These machines are particularly suitable for drilling large-diameter holes. Industries such as oil and gas, energy, and heavy machinery often require deep holes with significant diameters. It also excel in drilling such large-diameter holes efficiently and accurately. These factors contribute to the popularity and demand for BTA machines in the deep hole drilling machines market.

Based on business type, the global deep hole drilling machines market segmentation includes OEMs and aftermarket. The OEMs segment held the majority market share in 2022 and is expected to grow at a significant growth rate. Aftermarket segment held the second largest market share in 2022. Aftermarket providers can be authorized service centers by the OEM or independent companies specializing in servicing and supporting deep hole drilling machines. They play a vital role in ensuring the longevity, performance, and operational efficiency of deep hole drilling machines throughout their lifecycle.

Based on operation, the deep hole drilling machines market segmentation includes CNC and Non- CNC. The CNC segment dominated the market in 2022. Non- CNC segment held the second largest market share in 2022. Non-CNC deep hole drilling machines are operated manually or semi-automatically. These machines do not have computerized control systems and require manual adjustments and operator intervention for drilling operations. Non-CNC machines are often used for simpler drilling tasks or in applications where flexibility and automation are not critical. They are suitable for low-volume production, prototyping, and maintenance and repair operations.

Based on end use, the deep hole drilling machines market segmentation includes oil & gas, medical, automotive, construction & mining equipment, energy, die and mold, aerospace, heat exchanger tube sheet, military & defense, others. The automotive segment dominated the market in 2022 and construction & mining equipment segment held the second largest market share in 2022. Deep hole drilling machines find application in the construction and mining equipment industry for manufacturing components like hydraulic cylinders, drill bits, and foundation piles. These machines are used to create holes with high accuracy and precision in heavy-duty equipment.

Regional Analysis

The global deep hole drilling machines market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Deep Hole Drilling Machines market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Europe Deep Hole Drilling Machines market comprises of Germany, France, UK, Italy, Spain, and the rest of Europe. The Middle East and Africa Deep Hole Drilling Machines market comprises of Saudi Arabia, South Africa, UAE and Rest of Middle East and Africa. The South America Deep Hole Drilling Machines market comprises of Brazil, Mexico, Argentina, Peru, Chile, and Rest of South America.

The Asia Pacific deep hole drilling machines market held the largest market share in 2022 and it is expected to grow at a significant CAGR during the forecast period. Japan's general manufacturing sector utilizes deep hole drilling machines for various applications, including the production of molds, dies, tooling, and other precision components. The country's commitment to advanced manufacturing processes and technological innovation drives the demand for deep hole drilling machines across multiple industries. 

The deep hole drilling machines market in India is growing steadily, driven by the country's expanding manufacturing sector, and increasing demand for precision machining solutions. India's market for deep hole drilling machines is influenced by various industries, including automotive, defense, aerospace, energy, and medical sectors. The automotive industry in India is a major consumer of deep hole drilling machines.

The automotive industry in Europe is a major consumer of deep hole drilling machines. The automotive industry in France is a major consumer of deep hole drilling machines. French automakers and their supply chains utilize these machines for the production of engine components, transmission parts, and other critical automotive parts. The industry's focus on precision and efficiency drives the demand for advanced deep hole drilling technologies. 

The UK manufacturing sector encompasses various industries such as automotive, aerospace, defense, energy, and medical. These industries contribute to the demand for deep hole drilling machines in the country. The automotive industry in the UK, though affected by uncertainties surrounding Brexit, remains a significant consumer of deep hole drilling machines.

The deep hole drilling machines market in North America is a significant and thriving industry. In Canada, the demand for deep hole drilling machines is influenced by factors such as industrial growth, infrastructure development, and exploration activities in the oil and gas sector. Canada has a significant presence in the mining and oil industries, which can drive the demand for deep hole drilling machines. Some Canadian companies are involved in manufacturing and supplying deep hole drilling machines. In addition, Canada also imports deep hole drilling machines from other countries to meet its market demands.

The South American market for deep hole drilling machines is influenced by various industries and sectors across the continent. While the market size may vary across different countries, there is a demand for deep hole drilling machines in several key industries. The oil and gas industry plays a significant role in driving the demand for deep hole drilling machines in South America. Countries like Brazil, Venezuela, Colombia, and Argentina have active oil and gas sectors that rely on deep hole drilling machines for exploration, production, and maintenance activities.

The Middle East and Africa region has a growing market for deep hole drilling machines, driven by various industries and infrastructure development projects. While the market in this region is relatively smaller compared to other regions, there is increasing demand for deep hole drilling machines in certain countries. 

In the Middle East, the oil and gas industry play a significant role in driving the demand for deep hole drilling machines. Countries such as Saudi Arabia, the United Arab Emirates (UAE), and Qatar have active oil and gas sectors, where deep hole drilling machines are used for exploration, production, and maintenance activities.

Key Findings of the Study

• The global deep hole drilling machines market is expected to reach USD 1,054.7 Million by 2030, at a CAGR of 5.9% during the forecast period.


• The Asia Pacific region held the largest market share due to growing demand from automotive industry.


• Based on type, the BTA Machines segment was attributed to holding the largest market in 2022.


• Entrust Manufacturing Technologies, Inc, HONG JI Precision Machinery Ltd., Hochent (Shanghai) Machinery Development Co., Ltd. (HTT), KGD. Co., Ltd. (Korea Gundrill), I.M.S.A. S.r.l., Mollart Engineering Limited, TBT Tiefbohrtechnik GmbH + Co., TIBO Tiefbohrtechnik GmbH, Cheto Corporation S.A., Galbiati Costruzioni Meccaniche S.r.l., Loch Präzisions Bohrtechnik GmbH, Kennametal Inc., (WIDMA- Machining Solutions Group), Frankor Hydraulics, Precihole Machine Tools, and Kays Engineering, Inc., among others.


• Based on business type, OEMs segment held the largest market share in 2022 and Aftermarket segment held the second largest market share in 2022.


• Based on operation, CNC segment held the largest market share in 2022 and Non- CNC segment held the second largest market share in 2022.