Thailand CNC Drilling Machine Market by Application (Metal Working, Wood Working, and Others), by Type (Upright Drilling Machine, Portable Drilling Machine, Radial Drilling Machine, Gang Drilling Machine, Deephole Drilling Machine, Sensitive or Bench Drilling Machine, and Multiple Spindle Drilling Machine), by End User (Automobile Industry, Industrial Machinery, Electrical & Electronics Industry, Aerospace & Defense Industry, Shipping & Transportation Industry, Oil & Gas Industry, and Others), and by Sales Channel (Indirect and Direct) – Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Construction & Manufacturing | Publish Date: 08-Apr-2024 | No of Pages: 141 | No. of Tables: 106 | No. of Figures: 71 | Format: PDF | Report Code : N/A
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Market Overview
The Thailand CNC Drilling Machine Market size was valued at USD 12.9 million in 2023, and is predicted to reach USD 20.6 million by 2030, with a CAGR of 6.6% from 2024 to 2030. In terms of volume, the market size was 256 units in 2023, and is predicted to reach 346 units by 2030, with a CAGR of 4.1% from 2024 to 2030. A CNC drilling machine, also known as a computer numerical control drilling machine, is a precision machining tool utilized for boring holes in various materials. It operates based on pre-programmed instructions, utilizing computerized controls and automated movements to accurately position and drill holes.
Widely employed across industries such as manufacturing, aerospace, automotive, and electronics, CNC drilling machines offer numerous advantages over conventional drilling methods. These include increased productivity, enhanced accuracy, reduced human error, and the capability to produce complex hole patterns and geometries. CNC drilling machines are versatile, capable of drilling holes in various materials including metal, wood, plastic, composites, and ceramics. Therefore, CNC drilling machines play a pivotal role in precision hole drilling in industrial applications, providing efficiency, precision, and automation to enhance manufacturing practices.
Expansion of Renewable Energy Infrastructure is Driving the Growth of the Thailand Market
The expansion of renewable energy infrastructure plays a critical role in driving market growth in renewable energy technologies, equipment, and services in the country. With sustainability emerging as a global priority, investments in expanding renewable energy capacity have experienced significant growth. This surge in deployment, which includes technologies such as solar panels and wind turbines, generates heightened demand for related equipment and services to meet increasing energy needs while reducing carbon emissions. Additionally, this expansion stimulates job creation, economic development, and technological innovation across various sectors. Government support through incentives and policies further accelerates market growth, alongside ongoing advancements in renewable energy technology efficiency and affordability. Overall, the expansion of renewable energy infrastructure propels market growth, facilitating the transition towards cleaner and more sustainable energy solutions.
The Expansion of Electronic Industry is Driving the Growth of the Thailand Market
The mutual relationship between the electronic industry and the CNC drilling machine market is evident in the market's growth trajectory in the country. The electronic industry's continuous innovation and expansion drive the demand for precision drilling solutions, prompting the adoption of CNC drilling machines. These machines, renowned for their accuracy and efficiency, play a pivotal role in meeting the manufacturing requirements of intricate electronic components. Additionally, as the Electronic Industry embraces automation and digitalization, the integration of CNC drilling machines into advanced manufacturing processes becomes essential, further propelling market growth.
Skilled Labor Requirement Hinders the Thailand Market Growth
The CNC drilling sector encounters a notable impediment to its market expansion owing to the scarcity of proficient labor in the vicinity. The specialized skill set imperative for operating CNC drilling machines restricts the reservoir of competent personnel, rendering it arduous for enterprises to enlist and retain adept staff. Consequently, productivity suffers, impeding market proliferation. Furthermore, the substantial temporal and financial investments requisite for training and nurturing skilled labor might deter enterprises, particularly smaller ones, from fully embracing CNC drilling technology or broadening their operations.
Additionally, intensified competition for skilled personnel could inflate labor expenditures, thereby impacting operational costs and diminishing profit margins. Moreover, the intricacies of CNC drilling procedures and the dependence on proficient labor might elongate project lead times, potentially compromising customer satisfaction and business prospects. Essentially, the demand for skilled labor poses a multifaceted hurdle to market expansion in the CNC drilling industry, influencing workforce availability, training expenses, labor outlays, and project schedules. Addressing these obstacles through targeted workforce development and technological innovations is imperative to alleviate their repercussions on market enlargement.
Integration of Advanced Materials and Improved Tooling Technologies Creates Opportunities for the Thailand Market
Enhancements in materials and improved tooling technologies are pivotal in creating market opportunities by fostering innovation and efficiency across various industries in the country. These advancements enable the development of materials that are not just lighter but also stronger and more resilient, enhancing product performance and broadening their applications. Moreover, refined tooling technologies support more precise manufacturing processes, resulting in higher-quality products and reduced production costs. This synergistic relationship between improved materials and tooling capabilities empowers manufacturers to explore new markets, meet evolving customer needs, and gain a competitive advantage. In summary, advancements in materials and tooling technologies are instrumental in propelling growth and unlocking opportunities in today's dynamic market landscape.
Competitive Landscape
The Thailand CNC drilling machine market includes various market players such as Datron Ag, DMG MORI, Fehlmann Ag, Kennametal, Inc., Entrust Manufacturing Technologies, Inc., TIBO Tiefbohrtechnik GmbH, Kays Engineering, Inc., Mollart Engineering, Hong Ji Precision Machinery, Galbiati Costruzioni Meccaniche S.r.l., and others. These market players are adopting various strategies to increase their market presence.
Thailand CNC Drilling Machine Market Key Segments
By Type
-
Upright Drilling Machine
-
Portable Drilling Machine
-
Radial Drilling Machine
-
Gang Drilling Machine
-
Deephole Drilling Machine
-
Sensitive or Bench Drilling Machine
-
Multiple Spindle Drilling Machine
By Application
-
Metal Working
-
Wood Working
-
Others
By End User
-
Automobile Industry
-
Industrial Machinery
-
Electrical & Electronics Industry
-
Aerospace & Defense Industry
-
Shipping & Transportation Industry
-
Oil & Gas Industry
-
Others
By Sales Channel
-
Indirect
-
Direct
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 12.9 Million |
|
Revenue Forecast in 2030 |
USD 20.6 Million |
|
Value Growth Rate |
CAGR of 6.6% from 2024 to 2030 |
|
Market Volume in 2023 |
256 Units |
|
Unit Forecast in 2030 |
346 Units |
|
Volume Growth Rate |
CAGR of 4.1% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
-
Datron Ag
-
DMG MORI
-
Fehlmann Ag
-
Kennametal, Inc.
-
Entrust Manufacturing Technologies, Inc.
-
TIBO Tiefbohrtechnik GmbH
-
Kays Engineering, Inc.
-
Mollart Engineering
-
Hong Ji Precision Machinery
-
Galbiati Costruzioni Meccaniche S.r.l.
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