Drilling Machines Market Size - By Type, By Automation Level, By Operation, By Structure, By Power Source, By Application, By End Use, By Distribution Channel, Forecast 2025 - 2034

Drilling Machines Market Size

The global drilling machines market size was estimated at USD 28.6 billion in 2024 and is projected to grow at a CAGR of 4.9% between 2025 and 2034.  The market for drilling machines is expanding rapidly because of the advancement of industrial automation and the rise of smart manufacturing. Adoption of CNC (Computer Numerical Control) drilling machines are becoming dominant in the operations of smart factories owing to their precision, high consistency, and lower error rates. As IoT and Industry 4.0 technologies are embraced by manufacturers, drilling machines are offering real-time monitoring, remote diagnostics, and predictive maintenance functions which improve productivity and operational efficiency in an intelligent manner.
 

Simultaneously, heavy-duty drilling equipment is in demand due to the surging construction and infrastructure projects. For instance, the global construction industry reached USD 15.7 trillion in 2023, with a significant portion requiring drilling for foundations, utility installation, etc.  Furthermore, the International Energy Agency (IEA) forecasts a 5% increase in oil demand by 2025, requiring drilling equipment for exploration, well development, and pipeline construction.  New industrial initiatives from emerging economies like India, China, and Brazil are intensely fostering construction activities and driving the need for advanced drilling machinery capable of operating in extreme rugged and large-scale environments.
 

Emerging economies are continually undergoing processes of urbanization and industrialization, which in turn are driving market growth. Areas like South America are experiencing rapid population growth and urban migration that creates more demand for housing and industrial services, including utilities. This has prompted local manufacturers and SMEs to develop small, cheap, and efficient drilling machines that are tailored to construction demands in these specific regions. The shift is deepening market penetration and expanding the customer base in price-sensitive markets.
 

Drilling Machines Market Trends

• Using automation, including robotics, in the drilling machine industry is increasing productivity, safety, and precision. In industries such as manufacturing and resource extraction, automated systems like robotic arms and CNC technologies are being adopted to minimize human effort in monotonous tasks. These advancements lead to higher productivity, lower errors, and more consistent quality. Robotic drilling systems are invaluable in high-risk workplaces such as offshore oil rigs or deep mines where remote or autonomous operation enhances safety for personnel and process dependability.
   
• The increasing production demand has led manufactures to multifunction machines. Moreover, the well-known DECKEL MAHO Group, famous for its machining centers, produces multi-function machines that drill, mill, and turn. This comprehensive functionality allows for a more streamlined approach to complete part processing in a single setup which reduces the number of setups and Work holding systems required, thus minimizing time and expense.
   
• Improvements in the drilling machines industry are being driven by innovations like the Internet of Things (IoT), AI, and predictive maintenance. Modern drilling machines integrate advanced sensors that offer real-time monitoring and connectivity. These sensors monitor critical metrics, identify anomalies, and predict necessary maintenance well in advance sometimes before a failure is likely to happen. This level of control enables significant reductions in the unavoidable machine downtime, repair expenses, energy expenditure, and overall upsurge in efficiency and machine productivity. The adoption of intelligent systems is becoming vital for operational agility, constant improvements, and staying relevant in the market, especially for manufacturers following Industry 4.0 principles.
   

Drilling Machines Market Analysis

Based on automation level, the market of drilling machines is categorized into manual, semi-automated, fully automated. The manual drilling machines accounted for revenue of around USD 10.9 billion in t 2024 and is estimated to grow at a CAGR of 3.8% from 2025 to 2034.
 

• The increasing use of manual drilling machines, with the rise of automation, is due to their low cost and ease of operation as well as their multifunctional small-scale versatility. Many industries, especially in developing parts of the world, still prefer manual machines because of their limited available funds and cheaper wages. These machines are perfectly suited for performing simple functions in the workshops, maintenance workshops, and construction sites that are remote and do not have power supply and infrastructure for automated systems.
   
• Moreover, SMEs and local manufacturing units have not shifted away from these machines because they are critical for low volume or bespoke production, which ensures manual drilling machines a reliable market and steady growth until 2034.
   

Based on type, drilling machines market consists of sensitive drilling machine, upright drilling machine, radial drilling machine, gang drilling machine, deep hole drilling machine, CNC drilling machine, multiple spindle drilling machine and others (magnetic drilling machine). The sensitive drilling machine emerged as leader and held 19.1% of the market share in 2024 and is anticipated to grow at a CAGR of 4.2% from 2025 to 2034.
 

• The rise of sensitive drilling machines is due to their accuracy, versatility, and ease of use for light-duty tasks in numerous fields. They are especially useful for small diameter and precise hole drilling in the field of electronics, jewelry, model making, and metalworking. In the education sector, workshops, and small-scale industries, these machines are very useful because they are easy to maintain and compact in size. In addition, their adoption is accelerating due to emerging economies’ need for affordable high-precision machining tools.
   
• Also, the increasing need for smaller parts in industries like consumer electronics, automotive, and medical devices is driving the use of sensitive drilling machines. These sectors operate on miniaturization and high-precision sensitive drills. The surging focus on precise manufacturing and miniaturization of components in sensitive drilling machines will continue to grow during the forecast period.
   

The distribution channel of drilling machines industry consists of direct and indirect platforms. The direct segment emerged as leader and held 60.1% of the market share in 2024 and is anticipated to grow at a CAGR of 5.2% from 2025 to 2034.
 

• In the drilling machines market, the continued trend of using a direct distribution channel is attributed to penetration strategies oriented towards customer relationship management. These strategies include enhanced customization and greater focus on after-sales support. Direct sales give better control over pricing, product specifications, and service quality, which are very important for expensive industrial equipment such as drilling machines.
   
• In addition, large buyers, such as manufacturing plants and construction companies, prefer direct contact with the manufacturers for reliability, technical consultations, and favorable term negotiations.
   

The U.S. dominates an overall North America drilling machines market and valued at USD 5.74 billion in 2024 and is estimated to grow at a CAGR of 4.7% from 2025 to 2034.
 

• The country’s continuous spending efforts on smart manufacturing and the industry 4.0 framework are accelerating the implementation of modern drilling technologies like CNC and automated systems. Furthermore, the revival of domestic manufacturing coupled with the expansion of renewable energy initiatives and the restoration of obsolete infrastructure are increasing the need for different types of drilling machines. The United States maintains a sophisticated distribution system alongside rigorous expenditure in research and development, which fosters the innovation and rapid integration of new technologies and sophisticated equipment.
   

The in Europe, Germany drilling machines market is expected to experience significant and promising growth from 2025 to 2034.
 

• The expansion continues to be propelled by the country’s advanced engineering and manufacturing industries as well as its industrial technology front-runner position. Germany, as a leader in the automotive, aerospace, and precision engineering sectors, has sustained needs for high-performance drilling machines, particularly CNC and automated versions. The country’s investment in Industry 4.0 and smart factory programs is driving the implementation of more intelligent and efficient machining systems. Furthermore, public investments in renewable energy, housing, and infrastructure are creating demand for both heavy-duty and precision drilling machines.
   

China held around 31.5% share of drilling machines market in 2024 and is anticipated to grow at a CAGR of 5.6% from 2025 to 2034.
 

• The demand for drilling machines is being driven by significant investment in construction, transport infrastructure, and energy projects, such as the Belt and Road Initiatives. In addition, China’s automotive, electronics, and heavy machinery industries are major consumers of high-capacity and high precision drilling equipment. The government focuses on automation and smart manufacturing, coupled with increasing demand from SMEs for low-cost, high productivity machine tools, will positively impact the market during this period.
   

In the Middle East and Africa drilling machines market, South Africa held 29.4% market share in 2024 and is anticipated to grow at a CAGR of 5.7% from 2025 to 2034.
 

• With vast mineral resources, South Africa is one of the continent’s foremost economies and continues to invest in both surface and subsurface mining operations that need sophisticated drilling equipment. Besides this, new projects to improve transport, housing, and energy infrastructure are also boosting demand for different categories of drilling equipment. The growth of domestic production as well as the implementation of automation in industrial processes are expected to positively impact the market’s growth during the forecast period.
   

Drilling Machines Market Share

• In 2024, the top 5 company like Atlas Copco, Hitachi Construction Machinery Ltd, Mitsubishi Heavy Industries ltd., Robert Bosch GmbH and Sandvik AB held around ~8-10% market share in the global market. With the presence of several manufacturers in the market that provide specialized and economical drilling services to certain industries or local needs, the overall market stays severely fragmented. This type of competition offers variety as buyers have options to choose from different categories of products, prices, and technology levels. Additionally, the segmentation of the market which consists of upright, radial, deep hole, gang, multi-spindle, and CNC drilling machines allows further specialization for manufacturers. Therefore, even the smaller companies can succeed by focusing on precision machining, tailoring, servicing regional gaps, or customization. This strengthens innovation and competition globally in the drilling machines industry.
   

Drilling Machines Market Companies

Major players operating in the drilling machines industry include:

• Atlas Copco
• Bauer Maschinen GmbH
• Beretta S.r.l. P
• Boart Longyear
• Caterpillar
• Cheto Corporation SA
• Dezhou Hongxin Machine Tool Co Ltd
• Epiroc AB
• ERLO Group
• Hitachi Construction Machinery Ltd
• Ingersoll Rand
• KURAKI Co Ltd
• Liebherr Group
• Minitool
• Mitsubishi Heavy Industries Ltd.
• Robert Bosch GmbH
• Sandvik AB
• Shenyang Machine Tool Co Ltd
• SMTCL
• Soilmec S.p.A.
   

Atlas Copco remains a leader in the market for drilling machines with their unending pursuit of innovation in smart and energy-efficient technologies. One of the smart innovations is the SmartROC series, such as the SmartROC T35, which reduces fuel consumption and operating costs by 50%. These modern drilling rigs are sophisticated as they comprise autonomous systems, big data, and a concern for the environment making them suitable for contemporary mining and construction operations. Atlas Copco is also prominently known for precision ergonomic handheld pneumatic and battery drills used in the aerospace industry which focuses on operator welfare. With global innovation hubs and partnerships, the company is noted for improving joining technologies and machine vision which further customizes industrial and high-performance grade products to client requirements.
 

Hitachi Construction Machinery has managed to remain competitive in the industry through investments in sustainable, autonomous, and intelligent technologies. The company is spearheading the shift to zero-emission operations with their series of electric excavators and through “LANDCROS,” an advanced digital platform that integrates fleet management, remote operation, and real-time diagnostics, systems and ecosystem architecture for comprehensive.
 

Drilling Machines Market News

• In January 2024, Epiroc launched the Pit Viper 271 XC E, which is capable of drilling single-pass holes up to 18m (59ft) with diameters up to 270mm (10-5/8in). The Pit Viper 275 XC E can achieve single-pass holes up to 11m (37ft) with diameters reaching 270mm. Both drills can be configured with the XC package (Xtra Capacity) to provide 85,000lb (42.5t) bit load capacity.
   
• In November 2023, Sandvik AB launched the CT55 and CT67 top hammer tool systems. The unique design increases efficiency and reduces cost while saving fuel and simplifying automated drilling in surface bench and underground longhole applications. The new multi-patented, first-of-its-kind curved thread design from Sandvik reduces stress levels by distributing them over a larger area inside the tool. This enables the system to handle higher drilling power and a drill rig’s full potential.
   

The drilling machines market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2021 to 2034, for the following segments:

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Market, By Type

• Sensitive drilling machine
• Upright drilling machine
• Radial drilling machine
• Gang drilling machine
• Deep hole drilling machine
• CNC drilling machine
• Multiple spindle drilling machine
• Others (magnetic drilling machine)

Market, By Automation Level

• Manual
• Semi-Automated
• Fully Automated

Market, By Operation

• Hole drilling
• Tapping
• Counterboring
• Reaming
• Spot facing
• Others (Boring, Peck, Core)

Market, By Structure

• Fixed
• Portable

Market, By Power Source

• Battery powered
• Corded

Market, By Application

• Metal drilling
• Wood drilling
• Fiber & plastic drilling
• Composite material drilling
• Glass and ceramic drilling
• Others (Medical implants & Surgical tools, PCB drilling (Micro drilling), etc.)

Market, By End Use

• Aerospace
• Heavy equipment
• Automotive
• Energy industry
• Military & defense
• Others

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa