High-Speed Steel Twist Drill for Electric Drill Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.2 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
The global High-Speed Steel (HSS) Twist Drill market for electric drills was valued at approximately USD 2.1 billion in 2022. With a compound annual growth rate (CAGR) of 4.7% projected from 2023 to 2030, the market is expected to reach around USD 3.2 billion by the end of the forecast period. This growth trajectory is fueled by the increasing demand for precision drilling tools in various industrial sectors, including construction and manufacturing. Technological advancements and the expansion of the automotive and aerospace industries are further contributing to market expansion. Emerging markets present significant opportunities for growth. Developing regions, particularly in Asia-Pacific and Latin America, are witnessing increased infrastructure development and industrial activities, which are driving the demand for high-speed steel twist drills. Furthermore, the rise in DIY home improvement projects and the growth of the small and medium-sized enterprise (SME) sector are expected to further augment market potential. As these emerging markets continue to evolve, they will likely offer substantial prospects for manufacturers and distributors in the high-speed steel twist drill segment.
Get an In-Depth Research Analysis of the Global High-Speed Steel Twist Drill for Electric Drill Market Size And Forecast [2025-2032]
LEUCO
BOSCH
Rio Grande
Apex Tool Group
Hartner
OSG
Carmon
NACHI EUROPE GmbH
Dormer Pramet
Mitsubishi
Guhring Group
Sumitomo
Walter AG
Triumph
Tiangong International
Kyocera
Irwin Tool
TDC Cutting Tool
HARBIN TOOL WORKS
Feida
Greenfield Industries
Chengdu Chenliang
Alpen-Maykestag
Fangda Holding
Guangdong Baweishi Tools
Shanghai Tool Works
Changzhou Saimo Tools
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global High-Speed Steel Twist Drill for Electric Drill Market
Architecture
Metalworking
Electronic
Other
Based on Types the Market is categorized into Below types that held the largest High-Speed Steel Twist Drill for Electric Drill market share In 2023.
Straight Shank High Speed Steel Twist Drill
Taper Shank High Speed Steel Twist Drill
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global High-Speed Steel Twist Drill for Electric Drill Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global High-Speed Steel Twist Drill for Electric Drill Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global High-Speed Steel Twist Drill for Electric Drill Market, By Type
6. Global High-Speed Steel Twist Drill for Electric Drill Market, By Application
7. Global High-Speed Steel Twist Drill for Electric Drill Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global High-Speed Steel Twist Drill for Electric Drill Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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