The global Magnetic Drill Press market was valued at 2.05 Million USD in 2021 and will grow with a CAGR of 2.93% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A Magnetic Drill Press is a specialized portable power tool used for drilling holes in steel and similar metals. • They are used on the job site or in the shop • Also referred to as a mag drill, portable base drills, portable drill press It can be time-consuming and cumbersome to try to maneuver large steel or pipe into position at a stationary drill press or work center. A portable magnetic drill allows you to take the drill to the work piece, instead of trying to bring the work piece to the drill. A portable magnetic drill may be used in any position—vertical, horizontal, or overhead (upside down) In the coming years there is an increasing demand for magnetic drill press in the regions of United States and Europe that is expected to drive the market for more advanced Magnetic Drill Press. Increasing of general industry fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of magnetic drill press will drive growth in United States and Europe markets. Globally, the Magnetic Drill Press industry market is low concentrated as the manufacturing technology of Magnetic Drill Press is relatively matures than some high-tech equipment. And some enterprises, like Milwaukee, Hougen, Metabo, C.＆E. Fein GmbH, etc. are well-known for the wonderful performance of their Magnetic Drill Press and related services. At the same time, Europe, occupied 33.60% production market share in 2017, is remarkable in the global Magnetic Drill Press industry because of their market share and technology status of Magnetic Drill Press. The consumption volume of Magnetic Drill Press is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Magnetic Drill Press industry may not keep that fast. But it is surely forecasted that the market of Magnetic Drill Press is still promising.

By Market Verdors:

Hougen

Milwaukee

C.＆E. Fein GmbH

Metabo

Nitto

Rotabroach

Unibor

Euroboor

Evolution Power Tools

Ruko

DEWALT

ALFRA

Karnasch Professional Tools GmbH

Powerbor

Champion

Dongcheng

KEN

By Types:

Cordless/battery-powered Magnetic Drills

Electric Magnetic Drills

Hydraulic Magnetic Drills

Pneumatic/Air-powered Magnetic Drills

By Applications:

General Industry

Infrastructure Industry

Construction Industry

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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