Global Drill Chucks Market Insights, Forecast to 2025
Drill chucks are designed to hold the bit tightly and not loosen even when there is a high amount of torque. Drill chucks can be keyed or keyless, depending on the preference of the user and the requirements of the tool.
Major manufacturers of drill chucks are mainly in China, USA, Germany, France and Japan. RÖHM in the Germany and Weida in China is the leader in global drill chucks market. RÖHM is famous for its high-end and high- precision products and Weida has the biggest market share of the global drill chucks production at 30.32%. Others famous manufacturers are Jacobs Chuck, Sanou Machinery, LFA Industries, Chum Power, Yukiwa etc. As for the regions, China product the most drill chucks without a doubt with the 59.75% market share. These Chinese-made drill chuck occupies most of the low-end market for its cheap price and low cost. The Europe and USA have the almost the same market share, which the market share of Europe is 14.03% and another is 12.31%.
The Drill Chucks market was valued at 530 Million US$ in 2018 and is projected to reach 690 Million US$ by 2025, at a CAGR of 3.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Drill Chucks.
This report presents the worldwide Drill Chucks market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Ann Way Machine Tools
Vertex Machinery Works
Glacern Machine Tools
BIG Kaiser Precision Tooling
Drill Chucks Breakdown Data by Type
Key-type Drill Chucks
Keyless Drill Chucks
Self-tightening Drill Chucks
Drill Chucks Breakdown Data by Application
Electric Power Tool
Drill Chucks Production by Region
Drill Chucks Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Drill Chucks status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Drill Chucks manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Drill Chucks :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Drill Chucks market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.