Non-Numerically Controlled Drilling Machine Market

The article focuses on the global market for non-numerically controlled drilling machines, predicting a slight increase in performance over the next eight years. Consumption, production, imports, and exports are analyzed in terms of volume and value. Key insights include the highest consuming and producing countries, trends in per capita consumption, import and export volumes, and price fluctuations. The analysis provides a comprehensive overview of the market trends and growth projections from 2012 to 2030.

Market Forecast

Driven by rising demand for non-numerically controlled drilling machine worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.2% for the period from 2022 to 2030, which is projected to bring the market volume to 3M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market value to $2.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Numerically Controlled Drilling Machines For Working Metal

In 2022, global consumption of non-numerically controlled drilling machines for working metal amounted to 3M units, growing by 6.6% against 2021. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak volume of 3.2M units. From 2020 to 2022, the growth of the global consumption failed to regain momentum.

The global non-numerically controlled drilling machine market revenue dropped to $2.3B in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $2.4B. From 2020 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (518K units), Spain (302K units) and India (196K units), together comprising 34% of global consumption. The United States, Taiwan (Chinese), Germany, Pakistan, Ethiopia, Russia, Brazil, Bangladesh, Singapore and Japan lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Taiwan (Chinese) (with a CAGR of +51.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Bangladesh ($318M), India ($286M) and Spain ($208M) appeared to be the countries with the highest levels of market value in 2022, with a combined 36% share of the global market. Germany, Japan, Pakistan, China, Singapore, Ethiopia, the United States, Russia, Taiwan (Chinese) and Brazil lagged somewhat behind, together accounting for a further 26%.

Among the main consuming countries, Taiwan (Chinese), with a CAGR of +48.4%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of non-numerically controlled drilling machine per capita consumption in 2022 were Singapore (11 units per 1000 persons), Spain (6.4 units per 1000 persons) and Taiwan (Chinese) (5.3 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Taiwan (Chinese) (with a CAGR of +50.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Non-Numerically Controlled Drilling Machines For Working Metal

In 2022, global production of non-numerically controlled drilling machines for working metal reached 3.1M units, approximately reflecting the previous year. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 24% against the previous year. As a result, production reached the peak volume of 3.2M units. From 2020 to 2022, global production growth remained at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine production fell slightly to $1.9B in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 25%. Over the period under review, global production attained the maximum level at $2.6B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

The country with the largest volume of non-numerically controlled drilling machine production was China (1.6M units), comprising approx. 52% of total volume. Moreover, non-numerically controlled drilling machine production in China exceeded the figures recorded by the second-largest producer, Spain (291K units), sixfold. The third position in this ranking was taken by India (187K units), with a 6% share.

In China, non-numerically controlled drilling machine production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+43.0% per year) and India (-5.1% per year).

Imports

World Imports of Non-Numerically Controlled Drilling Machines For Working Metal

In 2022, approx. 1.4M units of non-numerically controlled drilling machines for working metal were imported worldwide; with a decrease of -8.6% against 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 25% against the previous year. Over the period under review, global imports attained the peak figure at 1.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports declined modestly to $351M in 2022. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by 11%. Global imports peaked at $757M in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the United States (165K units), followed by the Netherlands (74K units) and Brazil (71K units) represented the key importers of non-numerically controlled drilling machines for working metal, together generating 23% of total imports. Denmark (55K units), Russia (54K units), Singapore (53K units), the UK (43K units), Egypt (41K units), France (40K units), Argentina (37K units), Germany (30K units), Vietnam (30K units) and Australia (29K units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-numerically controlled drilling machine imports into the United States stood at +4.7%. At the same time, Singapore (+30.0%), Denmark (+28.8%), Germany (+22.9%), Russia (+5.3%), Australia (+3.7%), the Netherlands (+2.4%), Argentina (+1.5%), Brazil (+1.5%) and Egypt (+1.2%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in the world, with a CAGR of +30.0% from 2012-2022. By contrast, France (-2.1%), Vietnam (-3.1%) and the UK (-6.4%) illustrated a downward trend over the same period. The United States (+4.3 p.p.), Denmark (+3.7 p.p.), Singapore (+3.6 p.p.), Germany (+1.9 p.p.) and Russia (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while the UK saw its share reduced by -3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($37M), Germany ($26M) and Russia ($12M) constituted the countries with the highest levels of imports in 2022, with a combined 21% share of global imports. The Netherlands, Australia, the UK, France, Vietnam, Denmark, Brazil, Singapore, Argentina and Egypt lagged somewhat behind, together comprising a further 21%.

Denmark, with a CAGR of +14.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average non-numerically controlled drilling machine import price stood at $259 per unit in 2022, picking up by 8.7% against the previous year. Overall, the import price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 10%. Global import price peaked at $565 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($857 per unit), while Egypt ($66 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Non-Numerically Controlled Drilling Machines For Working Metal

In 2022, the amount of non-numerically controlled drilling machines for working metal exported worldwide shrank rapidly to 1.5M units, reducing by -15.4% on 2021 figures. Overall, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 31% against the previous year. The global exports peaked at 1.8M units in 2021, and then shrank markedly in the following year.

In value terms, non-numerically controlled drilling machine exports fell to $362M in 2022. Over the period under review, exports saw a perceptible curtailment. The growth pace was the most rapid in 2014 when exports increased by 19%. As a result, the exports attained the peak of $591M. From 2015 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

China dominates exports structure, amounting to 1.1M units, which was near 75% of total exports in 2022. Denmark (60K units), Germany (56K units), Taiwan (Chinese) (50K units), the UK (42K units) and the United States (26K units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, Denmark (+44.4%), the UK (+6.8%), Germany (+4.3%) and Taiwan (Chinese) (+3.7%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in the world, with a CAGR of +44.4% from 2012-2022. By contrast, the United States (-2.3%) illustrated a downward trend over the same period. While the share of China (+6 p.p.) and Denmark (+3.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($166M) remains the largest non-numerically controlled drilling machine supplier worldwide, comprising 46% of global exports. The second position in the ranking was taken by the United States ($29M), with a 7.9% share of global exports. It was followed by Germany, with a 6.8% share.

In China, non-numerically controlled drilling machine exports expanded at an average annual rate of +2.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-10.0% per year) and Germany (-0.5% per year).

Export Prices By Country

The average non-numerically controlled drilling machine export price stood at $244 per unit in 2022, increasing by 4.7% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of 16% against the previous year. As a result, the export price reached the peak level of $427 per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($1,108 per unit), while Denmark ($132 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform