Automatic drilling machine is similar to manual drilling machine that is used to cut holes through metals, woods and other materials. They also perform counter sinking, boring, counter boring, spot facing, reaming and tapping. However, unlike manual drilling machines, automatic drilling machines uses automation instead of manual labor to perform the drilling process. Automated drilling machines are made more advanced and automated using advanced motor, software technologies and controllers to make it automatic functioning. Automated drilling machine is fitted with specialized end-of-arm-tooling (EOAT) which can be fully customizable according to specific drilling requirements. Product material and pressure sensitivity are all be factors of choosing the right automated drilling machine.
The global automated drilling machine market is anticipated to grow at an exponential rate in near future. Increased automation across several industries such as oil & gas industry, automobile industry, steel & metal industry etc. is anticipated to drive the demand for automated drilling machine market. Fully automated drilling machine systems are efficient as its reduces the involvement of human labor thereby minimizing the workplace accidents. This is expected to boost the demand for automated drilling machine market. Additionally, application of automated drilling machine systems helps in reducing operational errors occurred through manual drilling thereby increasing the overall operational efficiency. This in turn is anticipated to increase the demand for automated drilling machine market. Furthermore, rising concerns of environment safety and fossil fuel reserves coupled with increasing investments by government and several private bodies in increasing automation level across several industries is also expected to increase the demand for automated drilling machine market. However, industries such as oil & gas, automobile industries are very uncertain owing to fluctuations in oil & gas prices, various regulations & safety standards across industries is expected to restrain the demand for automated drilling machine market. Additionally, automated drilling machine systems being digitally advanced, are more prone to data privacy is also expected to be a restraining factor for the growth of automated drilling machine market. However, with introduction of better technology in automated drilling machine systems coupled with government and local manufacturing association’s initiatives buy increasing awareness about the usage of automation instead of manual labor is expected to drive the automated drilling machine market.
The global automated drilling machine market can be segmented based on automation level, end-use industry and by geography. According to automation level, the automated drilling machine market can be segmented into semi-automatic and fully-automatic level. Based on end use industry, the global automated drilling machine market can be segmented into oil & gas industry, automotive industry and metal and steel industry etc. Metal& steel industry acquires a greater market share in terms of application of automated drilling machine owing to human safety concerns through manual drilling. Based on geography, the global automated drilling machines market can be segmented into Europe, North America, Middle East & Africa, Asia Pacific, and South America. North America and Europe is expected to acquire major market considering presence of many technologically developed countries as well as early adopters. However, regions such as Middle East and Asia Pacific etc. are emerging regions for the growth of automated drilling machine market.
Prominent players operating in the global automated drilling machine market include FANUC America Corporation (U.S.), Yaskawa America, Inc. (U.S.), AAB (Switzerland), KUKA AG (Germany), National Oilwell Varco (U.S.), Weatherford International (U.S.), Nabors Industries Ltd. (U.S.), Ensign Energy Services Inc. (Canada), Huisman Equipment B.V. (Netherlands) and Drillmec, Inc.(U.S.). New technologies in terms of software and hardware, mergers & acquisitions with key players etc. are some of the strategies followed by key players in order to attain competitive edge in the market. Technological advancement and geographical presence plays an important role in attaining the competitive edge in the market.
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