News-Global Drill Chuck Market Outlook 2021
Global Drill Chucks Market size is Projected to Reach US$ 462.89 million by 2027 – BossonResearch.com
Global Drill Chucks Market size is Projected to exhibit a CAGR of 3.72% between 2021 and 2027 – BossonResearch.com
Drill chuck is equipment designed to hold the drill or cutting tool on a spindle. The drill chuck holds the drill bits which are used for all kinds of drilling operations. They are available in two types: keyed drill chucks and keyless drill chucks. Drill chucks are manufactured in standard as well as special sizes. The drill bits get secured to the drill base due to the drill chuck. Drill chucks hold the drill bits or other rotary tools firmly in the event of higher torque.
According to Bosson Reaserch, the global Drill Chucks market size is projected to reach 462.89 million USD by 2027 from 354.82 million USD in 2020, growing at a CAGR of 3.72% between 2021 and 2027. Increasing demand for Drill Chucks from various end-user industries including Machine Tool, Electric Power Tool is expected to drive the consumption of Drill Chucks Market during the forecast period. Moreover, the faster work that is possible due to electric powered tools has encouraged the use of these tools in the market. These factors are expected to drive the drill chuck market globally.
Figure Global Drill Chucks Market Size (M USD)
Source: BSR, 2021
Global Drill Chucks Market: Key Players
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 41% in 2020. Others famous manufacturers are Jacobs Chuck, Sanou Machinery, LFA Industries, Chum Power, Yukiwa etc.
Global Drill Chucks Market Share of Major Manufacturers
Source: BSR, 2021
Some of the companies that are profiled in this report are:
Weida
ROHM
Sanou Machinery Limited Company
Jacobs Chuck
Yukiwa
Albrecht
Bried
Zhejiang Chaoli Mechanical Tools Co.,Ltd.
Kennametal
Llambrich
Chum Power
Ann Way Machine Tools
Garant
Evermore Machine
BIG Kaiser Precision Tooling
Bison Bial
NT Tool
LFA Industries
Wollschlager
KOMET GROUP
Kennametal
Leitz
Vertex Machinery Works
Glacern Machine Tools
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