Air Drills Market
Air Drills Market Forecasts to 2030 - Global Analysis By Type (In-Line, Lever 45 Degrees Angle, Pistol, Right Angle and Other Types), Application (Agricultural, Forestry and Other Applications) and By Geography
According to Stratistics MRC, the Global Air Drills Market is growing at a CAGR of 5.45% during the forecast period. Air drills are multipurpose, indispensable instruments used in many different industries to drill holes in materials such as plastic, metal, and wood. In order to provide strong and accurate drilling capabilities, they work by using compressed air. Moreover, these instruments are highly valued due to their ergonomic and lightweight construction, which guarantees user comfort and lessens operator fatigue during prolonged usage.
According to the Japan Air Self-Defense Force (JASDF), the joint drills will be conducted with the air forces of Italy and Australia in August and September in the Indo-Pacific.
Market Dynamics:
Driver:
Construction and industry activity
The market for air drills closely tracks changes in construction and industrial activity. The demand for air drills is driven by expanding infrastructure, manufacturing processes, and construction projects. Additionally, these instruments are vital for drilling exact holes in materials like plastic, metal, and wood, which are necessary for many manufacturing and construction jobs.
Restraint:
Disruptions in the supply chain
Supply chain disruptions, such as component shortages, transportation delays, and geopolitical issues, can affect manufacturers of air drills. These hiccups may result in higher expenses, longer production lead times, and even a possible loss of market share. However, to reduce these risks, it is essential to put resilient supply chain strategies and alternative sourcing options into practice.
Opportunity:
Industry growth in renewable energy
The market for air drills has a lot of potential due to the increased attention being paid to renewable energy sources like solar and wind power. Moreover, accurate drilling is necessary for foundations and anchor bolts when building and maintaining renewable energy infrastructure, such as wind turbines and solar panel installations. The accuracy and versatility of air drills make them ideal for these kinds of jobs.
Threat:
Price fluctuations for raw materials
Hedging strategies and effective inventory management can help mitigate this risk. The price volatility of raw materials such as metals and plastics can have a substantial impact on production costs. Furthermore, an abrupt increase in material costs may require price adjustments, potentially reducing consumer demand and profit margins.
Covid-19 Impact:
The COVID-19 pandemic caused manufacturing delays and higher production costs, which in turn disrupted global supply chains and had a substantial effect on the air drill market. Air drill demand fell as a result of temporary reductions in manufacturing and construction activities brought about by lockdowns and restrictions. Nonetheless, there was a notable increase in the market for air drills utilized in medical facilities, which somewhat offset the previous factors. In general, the pandemic underscored the significance of supply chain resilience and prompted manufacturers to adjust to evolving market conditions, specifically concerning remote work and the growing emphasis on safety across multiple sectors.
The Pistol segment is expected to be the largest during the forecast period
In the air drill market, the pistol segment is projected to hold the largest share. For a variety of applications in both professional and do-it-yourself settings, pistol-style drills are a preferred option due to their ergonomic design, ease of handling, and versatility. Pistol drills are very popular on the market because of their ergonomic grip and excellent maneuverability, which make them perfect for prolonged use. Additionally, their substantial market share is further cemented by the fact that they are frequently used in a variety of industries, including woodworking, automotive repair, and construction.
The Agricultural segment is expected to have the highest CAGR during the forecast period
The market's highest CAGR is projected for the agricultural segment. The vital role that agriculture plays in supporting the world's population is primarily to blame for this high growth rate. The agricultural sector experiences constant innovation and investment because of the growing population, shifting dietary preferences, and requirement for sustainable farming practices, all of which contribute to an ever-increasing demand for food. Moreover, the agricultural segment has experienced higher growth due to technological advancements, the development of precision agriculture tools, and increased mechanization. As a result, investors and equipment manufacturers have turned their attention to this segment.
Region with largest share:
North America holds the largest market share for air drills due to the robust manufacturing, construction, and automotive industries found in nations like the US and Canada. For precision drilling jobs, these industries mainly rely on air drills, and there is a constant need for new tools and spare parts. Furthermore, the region's focus on safety regulations and technological developments spurs innovation in air drill technology, bolstering its market-dominating position.
Region with highest CAGR:
The air drilling market is expected to grow at the highest CAGR in the Europe region, where contributions from nations like France, Germany, and the United Kingdom are expected. The continued manufacturing and construction activities, as well as the markets' heavy reliance on precision tools, are the main drivers of this growth. Additionally, the expansion of the market is further supported by Europe's commitment to environmentally friendly practices and technological advancements.
Key players in the market
Some of the key players in Air Drills Market include DEWALT, Amity Technology, John Deere, Great Plains, AGCO Corporation, CNH Industrial, Morris Industries, Sears, Bourgault Industries and Vessel Co.
Key Developments:
In September 2023, AGCO Corporation and Trimble on Thursday announced a $2 billion deal that is forming a joint venture to deliver innovations in automation and autonomy to farming operations. The joint venture will be the exclusive provider of Trimble Ag's technology. Trimble Ag represents about 20% of Trimble's overall technology business.
In July 2023, The University of Nebraska Medical Center and Great Plains Health signed an affiliation agreement Wednesday that will bring medical students to North Platte. Students at UNMC will be given the opportunity to take their learned classroom skills into real-life situations at GPH as they work toward completing their education. With physician and nursing shortages across the United States, the groundbreaking agreement will address one aspect to help students attain their goals.
In May 2023, John Deere establishes allied agreement with PCT Agcloud. Under the agreement, farmers will have the ability to take data from John Deere Operations Center and seamlessly share it with PCT Agcloud, providing further automated insights into protein and yield for grain growers, and bale quality and yield for cotton producers.
Types Covered:
• In-Line
• Lever 45 Degrees Angle
• Pistol
• Right Angle
• Other Types
Applications Covered:
• Agricultural
• Forestry
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Air Drills Market, By Type
5.1 Introduction
5.2 In-Line
5.3 Lever 45 Degrees Angle
5.4 Pistol
5.5 Right Angle
5.6 Other Types
6 Global Air Drills Market, By Application
6.1 Introduction
6.2 Agricultural
6.3 Forestry
6.4 Other Applications
7 Global Air Drills Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 DEWALT
9.2 Amity Technology
9.3 John Deere
9.4 Great Plains
9.5 AGCO Corporation
9.6 CNH Industrial
9.7 Morris Industries
9.8 Sears
9.9 Bourgault Industries
9.10 Vessel Co
List of Tables
1 Global Air Drills Market Outlook, By Region (2021-2030) ($MN)
2 Global Air Drills Market Outlook, By Type (2021-2030) ($MN)
3 Global Air Drills Market Outlook, By In-Line (2021-2030) ($MN)
4 Global Air Drills Market Outlook, By Lever 45 Degrees Angle (2021-2030) ($MN)
5 Global Air Drills Market Outlook, By Pistol (2021-2030) ($MN)
6 Global Air Drills Market Outlook, By Right Angle (2021-2030) ($MN)
7 Global Air Drills Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Air Drills Market Outlook, By Application (2021-2030) ($MN)
9 Global Air Drills Market Outlook, By Agricultural (2021-2030) ($MN)
10 Global Air Drills Market Outlook, By Forestry (2021-2030) ($MN)
11 Global Air Drills Market Outlook, By Other Applications (2021-2030) ($MN)
12 North America Air Drills Market Outlook, By Country (2021-2030) ($MN)
13 North America Air Drills Market Outlook, By Type (2021-2030) ($MN)
14 North America Air Drills Market Outlook, By In-Line (2021-2030) ($MN)
15 North America Air Drills Market Outlook, By Lever 45 Degrees Angle (2021-2030) ($MN)
16 North America Air Drills Market Outlook, By Pistol (2021-2030) ($MN)
17 North America Air Drills Market Outlook, By Right Angle (2021-2030) ($MN)
18 North America Air Drills Market Outlook, By Other Types (2021-2030) ($MN)
19 North America Air Drills Market Outlook, By Application (2021-2030) ($MN)
20 North America Air Drills Market Outlook, By Agricultural (2021-2030) ($MN)
21 North America Air Drills Market Outlook, By Forestry (2021-2030) ($MN)
22 North America Air Drills Market Outlook, By Other Applications (2021-2030) ($MN)
23 Europe Air Drills Market Outlook, By Country (2021-2030) ($MN)
24 Europe Air Drills Market Outlook, By Type (2021-2030) ($MN)
25 Europe Air Drills Market Outlook, By In-Line (2021-2030) ($MN)
26 Europe Air Drills Market Outlook, By Lever 45 Degrees Angle (2021-2030) ($MN)
27 Europe Air Drills Market Outlook, By Pistol (2021-2030) ($MN)
28 Europe Air Drills Market Outlook, By Right Angle (2021-2030) ($MN)
29 Europe Air Drills Market Outlook, By Other Types (2021-2030) ($MN)
30 Europe Air Drills Market Outlook, By Application (2021-2030) ($MN)
31 Europe Air Drills Market Outlook, By Agricultural (2021-2030) ($MN)
32 Europe Air Drills Market Outlook, By Forestry (2021-2030) ($MN)
33 Europe Air Drills Market Outlook, By Other Applications (2021-2030) ($MN)
34 Asia Pacific Air Drills Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Air Drills Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Air Drills Market Outlook, By In-Line (2021-2030) ($MN)
37 Asia Pacific Air Drills Market Outlook, By Lever 45 Degrees Angle (2021-2030) ($MN)
38 Asia Pacific Air Drills Market Outlook, By Pistol (2021-2030) ($MN)
39 Asia Pacific Air Drills Market Outlook, By Right Angle (2021-2030) ($MN)
40 Asia Pacific Air Drills Market Outlook, By Other Types (2021-2030) ($MN)
41 Asia Pacific Air Drills Market Outlook, By Application (2021-2030) ($MN)
42 Asia Pacific Air Drills Market Outlook, By Agricultural (2021-2030) ($MN)
43 Asia Pacific Air Drills Market Outlook, By Forestry (2021-2030) ($MN)
44 Asia Pacific Air Drills Market Outlook, By Other Applications (2021-2030) ($MN)
45 South America Air Drills Market Outlook, By Country (2021-2030) ($MN)
46 South America Air Drills Market Outlook, By Type (2021-2030) ($MN)
47 South America Air Drills Market Outlook, By In-Line (2021-2030) ($MN)
48 South America Air Drills Market Outlook, By Lever 45 Degrees Angle (2021-2030) ($MN)
49 South America Air Drills Market Outlook, By Pistol (2021-2030) ($MN)
50 South America Air Drills Market Outlook, By Right Angle (2021-2030) ($MN)
51 South America Air Drills Market Outlook, By Other Types (2021-2030) ($MN)
52 South America Air Drills Market Outlook, By Application (2021-2030) ($MN)
53 South America Air Drills Market Outlook, By Agricultural (2021-2030) ($MN)
54 South America Air Drills Market Outlook, By Forestry (2021-2030) ($MN)
55 South America Air Drills Market Outlook, By Other Applications (2021-2030) ($MN)
56 Middle East & Africa Air Drills Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Air Drills Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Air Drills Market Outlook, By In-Line (2021-2030) ($MN)
59 Middle East & Africa Air Drills Market Outlook, By Lever 45 Degrees Angle (2021-2030) ($MN)
60 Middle East & Africa Air Drills Market Outlook, By Pistol (2021-2030) ($MN)
61 Middle East & Africa Air Drills Market Outlook, By Right Angle (2021-2030) ($MN)
62 Middle East & Africa Air Drills Market Outlook, By Other Types (2021-2030) ($MN)
63 Middle East & Africa Air Drills Market Outlook, By Application (2021-2030) ($MN)
64 Middle East & Africa Air Drills Market Outlook, By Agricultural (2021-2030) ($MN)
65 Middle East & Africa Air Drills Market Outlook, By Forestry (2021-2030) ($MN)
66 Middle East & Africa Air Drills Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
List of Figures
Figure 1 Global Air Drills Market Outlook (2021-2030) ($MN)
Figure 2 North America Air Drills Market Outlook (2021-2030) ($MN)
Figure 3 US Air Drills Market Outlook (2021-2030) ($MN)
Figure 4 Canada Air Drills Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Air Drills Market Outlook (2021-2030) ($MN)
Figure 6 Europe Air Drills Market Outlook (2021-2030) ($MN)
Figure 7 Germany Air Drills Market Outlook (2021-2030) ($MN)
Figure 8 UK Air Drills Market Outlook (2021-2030) ($MN)
Figure 9 Italy Air Drills Market Outlook (2021-2030) ($MN)
Figure 10 France Air Drills Market Outlook (2021-2030) ($MN)
Figure 11 Spain Air Drills Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Air Drills Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Air Drills Market Outlook (2021-2030) ($MN)
Figure 14 Japan Air Drills Market Outlook (2021-2030) ($MN)
Figure 15 China Air Drills Market Outlook (2021-2030) ($MN)
Figure 16 India Air Drills Market Outlook (2021-2030) ($MN)
Figure 17 Australia Air Drills Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Air Drills Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Air Drills Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Air Drills Market Outlook (2021-2030) ($MN)
Figure 21 South America Air Drills Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Air Drills Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Air Drills Market Outlook (2021-2030) ($MN)
Figure 24 Chile Air Drills Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Air Drills Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Air Drills Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Air Drills Market Outlook (2021-2030) ($MN)
Figure 28 UAE Air Drills Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Air Drills Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Air Drills Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Air Drills Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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