In this report, the Global Drill Chucks market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Drill Chucks market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
A drill chuck is a specialised self-centering, three-jaw chuck, usually with capacity of 0.5 in (13 mm) or less and rarely greater than 1 in (25 mm), used to hold drill bits or other rotary tools.
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%.
Market Analysis and Insights: Global Drill Chucks Market
In 2019, the global Drill Chucks market size was US$ 566.4 million and it is expected to reach US$ 712.7 million by the end of 2026, with a CAGR of 3.3% during 2021-2026.
Global Drill Chucks Scope and Market Size
Drill Chucks market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Drill Chucks market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Drill Chucks market is segmented into
Key-type Drill Chucks
Keyless Drill Chucks
Self-tightening Drill Chucks
Segment by Application, the Drill Chucks market is segmented into
Electric Power Tool
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Drill Chucks Market Share Analysis
Drill Chucks market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Drill Chucks product introduction, recent developments, Drill Chucks sales by region, type, application and by sales channel.
The major companies include:
Ann Way Machine Tools
Vertex Machinery Works
Glacern Machine Tools
BIG Kaiser Precision Tooling
Reasons to Buy This Research Report
- Complete access to Global Drill Chucks market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Drill Chucks markets including North America, Europe, MEA and Asia Pacific
- Global Drill Chucks Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Drill Chucks market segmentation
- Key trends, drivers and restraints for global Global Drill Chucks market
- Challenges to market growth for Global Drill Chucks manufacturers
- Key market opportunities of Global Drill Chucks Industry
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