November 27, 2020

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Boring Tools Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Allied Machine & Engineering Corp. and Berkshire Hathaway Inc. | Technavio

LONDON--(BUSINESS WIRE)--#BoringToolsMarket--The global boring tools market is expected to grow by USD 973.24 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%. Request challenges and opportunities that influence COVID-19 pandemic - Request Free Sample Report on COVID-19 Impacts Read the 120-page report with TOC on "Boring Tools Market Analysis Report by End-user (Transportation, General machinery, Precision engineering, and Others), Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2020-2024". https://www.technavio.com/report/boring-tools-market-industry-analysis The market is driven by the emergence of CNC-based boring tools. In addition, the growth of metal cutting tools in India is anticipated to boost the growth of the boring tools market. The growing adoption of automation across the manufacturing industry has led to a gradual shift from the use of conventional and manually controlled machines to CNC machines. Also, end-users across the manufacturing sector are readily adopting CNC machines to reduce human errors and produce superior quality products. This is increasing the popularity of CNC machines, which is prompting vendors in the market to offer CNC boring tools with advanced technology at competitive prices. This is helping them to keep pace with the changing dynamics of the market. Therefore, the emergence of CNC-based boring tools is expected to fuel the growth of the global boring tools market during the forecast period. Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Major Five Boring Tools Companies: Allied Machine & Engineering Corp. Allied Machine & Engineering Corp. operates its business through the Unified segment. The company offers boring tools under the brands, Wohlhaupter and Criterion. Berkshire Hathaway Inc. Berkshire Hathaway Inc. operates its business through segments such as Manufacturing, McLane Company, Service and Retail, BNSF, Berkshire Hathaway Energy, and Insurance, Corporate and other. The company offers boring tools under the brands, BoreMeister and TinyMini-Turn. BIG KAISER Precision Tooling Inc. BIG KAISER Precision Tooling Inc. operates its business through the Unified segment. The company offers a wide range of boring tools under the brand, BIG KAISER. Cogsdill-Nuneaton Ltd. Cogsdill-Nuneaton Ltd. operates its business through the Unified segment. The company offers ZX Modular Boring Tools that are available in single-slide (MBT-S) and twin-slide (MBT-T) versions. Kennametal Inc. Kennametal Inc. operates its business through segments such as Industrial, Widia, and Infrastructure. The company offers a wide range of boring tools under the brand, Kenclamp. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Boring Tools Market End-user Outlook (Revenue, USD Million, 2020-2024) Transportation General machinery Precision engineering Others Boring Tools Market Geography Outlook (Revenue, USD Million, 2020-2024) APAC Europe North America South America MEA Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Related Reports on Industrials Include: Global Power Tools Market – Global power tools market by technology (electric, pneumatic, and others) and geography (North America, Europe, APAC, South America, and MEA). Global Metal Cutting Tools Market – Global metal cutting tools market by product (milling tools, drilling tools, and other tools) and geography (APAC, Europe, MEA, North America, and South America). About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected]: www.technavio.com/

LONDON–(BUSINESS WIRE)–#BoringToolsMarket–The global boring tools market is expected to grow by USD 973.24 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%.


Request challenges and opportunities that influence COVID-19 pandemic – Request Free Sample Report on COVID-19 Impacts

Read the 120-page report with TOC on "Boring Tools Market Analysis Report by End-user (Transportation, General machinery, Precision engineering, and Others), Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2020-2024".

https://www.technavio.com/report/boring-tools-market-industry-analysis

The market is driven by the emergence of CNC-based boring tools. In addition, the growth of metal cutting tools in India is anticipated to boost the growth of the boring tools market.

The growing adoption of automation across the manufacturing industry has led to a gradual shift from the use of conventional and manually controlled machines to CNC machines. Also, end-users across the manufacturing sector are readily adopting CNC machines to reduce human errors and produce superior quality products. This is increasing the popularity of CNC machines, which is prompting vendors in the market to offer CNC boring tools with advanced technology at competitive prices. This is helping them to keep pace with the changing dynamics of the market. Therefore, the emergence of CNC-based boring tools is expected to fuel the growth of the global boring tools market during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Boring Tools Companies:

Allied Machine & Engineering Corp.

Allied Machine & Engineering Corp. operates its business through the Unified segment. The company offers boring tools under the brands, Wohlhaupter and Criterion.

Berkshire Hathaway Inc.

Berkshire Hathaway Inc. operates its business through segments such as Manufacturing, McLane Company, Service and Retail, BNSF, Berkshire Hathaway Energy, and Insurance, Corporate and other. The company offers boring tools under the brands, BoreMeister and TinyMini-Turn.

BIG KAISER Precision Tooling Inc.

BIG KAISER Precision Tooling Inc. operates its business through the Unified segment. The company offers a wide range of boring tools under the brand, BIG KAISER.

Cogsdill-Nuneaton Ltd.

Cogsdill-Nuneaton Ltd. operates its business through the Unified segment. The company offers ZX Modular Boring Tools that are available in single-slide (MBT-S) and twin-slide (MBT-T) versions.

Kennametal Inc.

Kennametal Inc. operates its business through segments such as Industrial, Widia, and Infrastructure. The company offers a wide range of boring tools under the brand, Kenclamp.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Boring Tools Market End-user Outlook (Revenue, USD Million, 2020-2024)

  • Transportation
  • General machinery
  • Precision engineering
  • Others

Boring Tools Market Geography Outlook (Revenue, USD Million, 2020-2024)

  • APAC
  • Europe
  • North America
  • South America
  • MEA

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Related Reports on Industrials Include:

Global Power Tools Market – Global power tools market by technology (electric, pneumatic, and others) and geography (North America, Europe, APAC, South America, and MEA).

Global Metal Cutting Tools Market – Global metal cutting tools market by product (milling tools, drilling tools, and other tools) and geography (APAC, Europe, MEA, North America, and South America).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]
Website: www.technavio.com/

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