Boring Tools Market by End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR44228

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Boring Tools Market Size Boring Tools Market - 2021-2025

The boring tools market size is expected to reach a value of USD 1.07 billion at a CAGR of 6.22%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as the emergence of CNC-based boring tools are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Boring Tools Market Size

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Boring Tools Market Market segmentation by region Boring Tools Market Segments

Navigate through market segmentation by end-user (transportation, general machinery, precision engineering, and others) and geography (APAC, Europe, North America, South America, and MEA) in this boring tools market report to pursue growth opportunities.

Get actionable insights on the boring tools market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic boring tools market predictions on-demand changes for 2021-2025? You can buy the report now with one easy click.

Boring Tools Market Segmentation Boring Tools Market Vendors and Competitive Analysis

The boring tools market is fragmented and the vendors are deploying growth strategies such as focusing on geographical expansion and M&A activities to gain competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full boring tools market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Boring Tools Market Vendors

Boring Tools Market - Region Opportunities 2021-2025

53% of the boring tools market growth will originate from APAC during the forecast period. China and Japan are the key markets for boring tools market in APAC. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Boring Tools Market Share by Geography

APAC has been exhibiting a significant growth rate for boring tools market vendors. Factors such as the growing demand for the automotive, heavy trucks, and manufacturing sectors are accelerating the boring tools market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The boring tools market share growth in APAC will be slower than the growth of the market in South America and MEA. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Boring Tools Market Insights by End-user

Boring Tools Market Share by End-user

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The boring tools market share growth by the transportation segment will be significant during the forecast period. The rise in global investments in the development of transportation infrastructure, especially in emerging economies such as India, China, and Brazil will facilitate the growth of the transportation segment during 2021-2025. This report provides an accurate prediction of the contribution of all the segments to the growth of the boring tools market size.

From the boring tools market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentation will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID19 impact on each segment.

Boring Tools Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding boring tools market growth is rise in popularity of electrical discharge and electrochemical machining. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

Emergence of CNC-based boring tools is a key driver influencing the boring tools market growth. Design plays a crucial role in the process of product development. Precision is paramount in any product. This is where boring machines play a crucial role by implementing and developing complex products and shapes. Thus, the effective use of these tools helps industries to develop superior-quality products that offer enhanced dimensional accuracy. A CNC can govern the motion of any workpiece, including the depth of cut and the drill and speed of the rotation of the workpiece. CNC is widely used in machine tools such as lathe machines, drill presses, milling and boring machines, and grinding units.

This boring tools market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.


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Boring Tools Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive boring tools market growth during the next five years
  • Precise estimation of the boring tools market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the boring tools market across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of boring tools market vendors

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Boring Tools Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 6.22%

Market growth 2021-2025

$ 1.07 billion

Market structure


YoY growth (%)


Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 53%

Key consumer countries

China, US, Germany, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Berkshire Hathaway Inc., OSG Corp., Sandvik ABCERATIZIT SA, Cogsdill-Nuneaton Ltd., Kennametal Inc., Mitsubishi Materials Corp., NACHI-FUJIKOSHI Corp., Allied Machine & Engineering Corp., and BIG KAISER Precision Tooling Inc. 

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Transportation - Market size and forecast 2020-2025
    • General machinery - Market size and forecast 2020-2025
    • Precision engineering - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Allied Machine & Engineering Corp.
    • Berkshire Hathaway Inc.
    • BIG KAISER Precision Tooling Inc. 
    • Cogsdill-Nuneaton Ltd.
    • Kennametal Inc.
    • Mitsubishi Materials Corp.
    • OSG Corp.
    • Sandvik AB


    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts



    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis


    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    Boring Tools market growth will increase by $1078 million during 2021-2025.
    The boring tools market is expected to grow at a CAGR of 6.22% during 2021-2025.
    Technavio has segmented the boring tools market by product (Transportation, General machinery, Precision engineering, and Others) ,end user (Transportation, General machinery, Precision engineering, and Others) , and geographic (APAC, Europe, North America, South America, and MEA).
    Allied Machine & Engineering Corp., Berkshire Hathaway Inc., BIG KAISER Precision Tooling Inc. , CERATIZIT SA, Cogsdill-Nuneaton Ltd., Kennametal Inc., Mitsubishi Materials Corp., NACHI-FUJIKOSHI Corp., OSG Corp., Sandvik AB are a few of the key vendors in the boring tools market.
    APAC will register the highest growth rate of 53.22% among the other regions. Therefore, the boring tools market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the boring tools market growth are:
    • Emergence of CNC-based boring tools
    The boring tools market vendors should focus on grabbing business opportunities from the transportation segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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    • Data on revenue-generating market segments
    • Details on the market shares of various regions
    • Five-force market analysis

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