PCB drill bits are used with power tools to remove material and create holes. PCB drill bits come in many sizes and shapes and can create different kinds of holes in many different materials.
According to the new market research report “PCB Drills - Global Market Insights and Sales Trends 2024”, published by QYResearch, the global PCB Drills market size is projected to reach USD 0.81 billion by 2029, at a CAGR of 3.8% during the forecast period.
- Global PCB Drills Market Size(US$ Million), 2018-2029
Source: QYResearch, "PCB Drills - Global Market Insights and Sales Trends 2024”
Market Drivers:
Transition from providing pure PCB tools to providing overall solutions for PCB consumables: With the development of the PCB industry in the direction of specialization and high efficiency, customers in various fields have an increasing individual demand for PCB tools.
Downstream industries have increased the performance and precision requirements of cutting tools, and production tends to be intelligent: As an important accessory for the electronic information industry, the technology of the PCB industry usually needs to adapt to the needs of downstream electronic terminal equipment and develop in the direction of high density and high performance. The ratio will gradually increase. The application requirements of the downstream industry have also put forward higher requirements for the precision and stability of PCB tools. The application of high-precision micro-drills (drill pins with specifications of 0.2mm and below) will account for the application of PCB tool products in the future. Will show a trend of gradual expansion. The refined and personalized demands of downstream customers for the production of PCB products will promote the intelligentization of the PCB manufacturing industry.
Restraint:
Raw material price fluctuations and rising labor costs: The price of tungsten steel, the main raw material required for PCB tool production, is affected by factors such as the economic environment, policy environment, supply and demand, exchange rates, etc. There is a certain degree of volatility. At the same time, with the rapid development of our country's economy and the quality of the labor force The increase in labor costs has gradually increased, which has brought greater challenges to the cost control and procurement management of PCB tool manufacturing companies. In this context, if companies in the industry cannot improve technical processes, increase production automation, and strengthen cost control, they will face pressure from raw material price fluctuations and rising labor costs, and profit margins will be squeezed.
Technology upgrading risks: The production technology of the PCB drill industry continues to advance, requiring companies to continuously update equipment and technology to meet market demand. If a company cannot keep up with technological updates, it may be eliminated from the market.
- Global PCB DrillsTop19 Players Ranking and Market Share（Continually updated）
Source: QYResearch, "PCB Drills - Global Market Insights and Sales Trends 2024”
The global key manufacturers of PCB Drills include Union Tool, Guangdong Dtech Technology, Jinzhou Precision Technology, Topoint Technology, T.C.T. Group, Key Ware Electronics, Chong Qing Kanzasin Technology, KYOCERA Precision Tools, Tera Auto Corporation, HAM Precision, etc. In 2022, the global top 10 players had a share approximately 79.0% in terms of revenue.
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