Global Market for Drilling Machines to Reach $27 billion by 2030, Owing to Increased Infrastructure & Construction Activities
The new report from Industry Experts Inc, on " Drilling Machines ", reveals that global market for Drilling Machines is estimated at US$27.4 billion in 2024 and is anticipated to post a CAGR of 6.6% during the 2024-2030 analysis period and stand at a projected US$40.2 billion by 2030. The demand for Drilling Machines is expected to maintain healthy growth over the analysis period, which can be attributed to factors that include growth in infrastructure & construction activities, increase in manufacturing operations and rise in demand from the automotive industry because of a sustained increase in light vehicle production. On the negative side, restraining factors impeding further growth in the global demand for Drilling Machines include high initial investments and cyclical nature of the industries served by this equipment. The report analyzes the Drilling Machines market across all major regions including by North America (including The United States, Ca...