Procurement Market Intelligence Report
Metal Boring Machines
Sourcing Guide & Market Intelligence
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Metal Boring Machines Global Overview
Definition
Summary
Metal boring is the process of enlarging and refinishing an already-drilled hole by using a rotating cutting tool and stationary metal object. Buyers of these machines have the option to operate them manually or automatically. The key buyers of metal boring machines are aerospace, automotive, construction, energy, and HVAC businesses. The key suppliers in the market are manufacturers and wholesalers.
This Report Includes:
- Horizontal Boring Machines
- Vertical Boring Machines
- Precision Boring Machine
- Jig Boring Machine
Not in this Report:
- Metal Drilling
- Grinding Machines
- Turning Machines
Global Metal Boring Machines Procurement Trends
Discover the top international trends affecting procurement in the global Metal Boring Machines market.
Warning Trends
Tariffs to negatively impact the industrial manufacturing and processing machinery sector
- The Trump Administration’s reciprocal tariffs, which apply general tariff rate increases to most leading US trade partners, are set to take effect on August 7, after the administration finalized the rates on August 1. As a result, leading sources of industrial equipment imports face significantly increased tariffs, including Canada (35.0%), China (54.0%), the European Union (15.0%), Japan (15.0%), Mexico (25.0%), and South Korea (15.0%).
- Additionally, the administration increased tariffs on aluminum and steel, common input materials for industrial machinery, to 50.0%, which is likely to increase input costs for suppliers operating inside the United States.
- China, Mexico, and Japan are three of the top sources of US machinery imports, accounting for about 50.0% of US imports in total. In addition to the increased costs from tariffs on these countries, the Japanese and Mexican machinery sectors could face increased financial risk as a large share of their revenue comes from US clients.
- According to the Association of Equipment Manufacturers, the increase in tariff rates on steel and aluminum in 2018 led to a 78.0% increase in domestic equipment production costs, a trend that may be repeated following the latest increases in steel and aluminum tariffs.
- Suppliers that source machinery or parts from tariff-affected countries may see supply chain disruptions or extended lead times as they seek alternative suppliers to mitigate tariff impacts. In addition, buyers seeking to rent industrial machinery will likely see higher rental rates as dealers pass on higher costs and possibly limited available units if supply chain issues occur.
United States announces new tariffs on all imported steel
- In February 2025, the United States announced 25.0% tariffs on all imported steel with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada, Mexico, and Brazil, the top exporters of steel to the United States, had exemptions from tariffs. These have now been removed and all imported steel, regardless of origin, will be subject to the 50.0% tariff. However, on May 8th, the US announced an agreement with the United Kingdom to remove all levies on steel exported from the UK.
- When tariffs on steel imports were introduced in March 2018, they contributed to an increase in the price of steel and steel products. According to the Bureau of Labor Statistics, the price of steel-milled products increased by 10.2% in the year after the tariffs were implemented. This market heavily relies on steel as an input and may be impacted by this policy.
United States announces new tariffs on all imported aluminum
- In February 2025, the United States announced 25.0% tariffs on all imported aluminum with no exemptions or exceptions. The tariffs took effect on March 12, 2025. On June 4th, these tariffs were increased further to 50%. These tariffs were not impacted by a recent court decision that temporarily suspended duties on certain goods as they were implemented under Section 232 of the Trade Expansion Act.
- Previously, countries such as Canada and Mexico, two of the top exporters of aluminum to the United States, had exemptions from tariffs and the rate was only 10.0%. These have now been removed and all imported aluminum, regardless of origin, will be subject to the 50.0% tariff.
- When tariffs on imported aluminum were implemented in March 2018, aluminum prices rose modestly. According to the Bureau of Labor Statistics (BLS), prices rose 1.2% in the year after the tariffs were introduced. Because this market relies on aluminum as an input, it may be impacted by this policy.
Global Metal Boring Machines Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 1,360 |
| #2 Europe | 1,305 |
| #3 United States | 490 |
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2
Geography Drilldown - US
Average Cost of Metal Boring Machines
United States
2026 Market Pricing$4,000.00 to $XXX,XXX.XX
per machineAverage Price
Prices in the Metal Boring Machines market range from $4,000.00 to $XXX,XXX.XX, depending on Customization, Power and Style of machine. For example, lower prices are associated with Low degree of specialization to drill bits, motors, voltage, amperage, and size ($4,000 to $65,000 per machine), whereas higher prices are associated with High degree of specialization to drill bits, motors, voltage, amperage, and size ($180,000 to $500,000 per machine).
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Metal Boring Machines Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Metal Boring Machines market, prices in the US have grown 3.7% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Metal Boring Machines
Total cost of ownership is Low in the Metal Boring Machines market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Emergencies may raise the total cost of ownership unexpectedly.
Billed During
Maintenance
Labor
Unforeseen
Emergencies
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -3.0 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Metal Wholesalers
- Computer Manufacturers
- Electrical Equipment Manufacturers
2nd
Tier Suppliers
- Iron & Steel Manufacturers
- Semiconductor Manufacturers
- Wire & Spring Manufacturers
Biggest Metal Boring Machines Suppliers in the US by Revenue
The largest Metal Boring Machines vendors by revenue in the US are Yamazaki Mazak Corporation, Summit Machine Tool Manufacturing LLC and Technox Machine & Manufacturing Inc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Kennametal Inc. | International | PITTSBURGH | 1,001-10,000 | < 5 | ||||
| Yamazaki Mazak Corporation | Global | Oguchi, JP | 1,001-10,000 | < 5 | ||||
| Hardinge Inc. | Global | Berwyn, PA | 1,001-10,000 | < 5 | ||||
| Summit Machine Tool Manufacturing LLC | Global | Oklahoma City, OK | 25-50 | < 5 | ||||
| Technox Machine & Manufacturing Inc. | Local | Chicago, IL | 25-50 | < 5 | ||||
| Yasda Precision Tools K.K. | Global | Asakuchi-gun, JP | 251-500 | < 5 | ||||
| Entrust Manufacturing Technologies, Inc. | International | Menomonee Falls, WI | 101-250 | < 5 | ||||
| Kiwa Machinery Co. Ltd. | Global | Nabari, JP | 101-250 | < 5 | ||||
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Profit Analysis
The average profit margin across vendors in the Metal Boring Machines market is 9.2% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Metal boring machines have diverse downstream buyers in the aerospace, automotive, construction, energy, and HVAC industries. This diversity helps mitigate supply chain risk by allowing vendors to have multiple streams of revenue from various sectors.
Low market share concentration favors buyer power by encouraging price-based competition among suppliers, which helps keep prices low.
There is a moderate level of supply chain risk in the metal boring machines market due to wide fluctuations in input costs.
The United States is a net importer of metal boring machines, indicating that buyers may have greater access to competitive goods that may have lower prices or unique features. However, depending on foreign suppliers may leave buyers open to supply chain disruptions of foreign currency exchange issues.
Supplier Information
Entrust Manufacturing Technologies, Inc.
Entrust Manufacturing Technologies, Inc. is a private company operating internationally in the manufacturing sector. The company's offerings include metal drilling machines and metal boring machines. Founded in 1973, the company is currently headquartered in Menomonee Falls, Wisconsin, United States of America... Subscribe to learn more
Hardinge Inc.
Hardinge Inc. is a private company operating globally in the manufacturing sector. The company's offerings include metal engraving machines, metal grinding machines, metal boring machines and cnc lathes & turning centers. Founded in 1890, the company is currently headquartered in Berwyn, Pennsylvania, United... Subscribe to learn more
Kennametal Inc.
Kennametal Inc. is a global industrial technology company that develops and applies tungsten carbides, ceramics, super-hard materials, and solutions for metal cutting and extreme wear applications. It organizes its business into two segments: the Metal Cutting segment, which manufactures tooling and metal... Subscribe to learn more
Kiwa Machinery Co. Ltd.
Kiwa Machinery Co. Ltd. is a private company operating globally in the manufacturing sector. The company's offerings include metal boring machines. Founded in 1959, the company is currently headquartered in Nabari, Mie, Japan with an estimated 175 employees. Subscribe to learn more
Summit Machine Tool Manufacturing LLC
Summit Machine Tool Manufacturing LLC is a private company operating globally in the manufacturing sector. The company's offerings include metal drilling machines and metal boring machines. Founded in 1958, the company is currently headquartered in Oklahoma City, Oklahoma, United States of America with an... Subscribe to learn more
Technox Machine & Manufacturing Inc.
Technox Machine & Manufacturing Inc. is a private company operating locally in the manufacturing sector. The company's offerings include metal boring machines. Founded in 1976, the company is currently headquartered in Chicago, Illinois, United States of America with an estimated 37 employees. Subscribe to learn more
Yamazaki Mazak Corporation
Yamazaki Mazak Corporation is a private company operating globally in the manufacturing sector. The company's offerings include metal boring machines and cnc lathes & turning centers. Founded in 1919, the company is currently headquartered in Oguchi, Aichi, Japan with an estimated 5500 employees. Subscribe to learn more
Yasda Precision Tools K.K.
Yasda Precision Tools K.K. is a private company operating globally in the manufacturing sector. The company's offerings include metal boring machines. Founded in 1929, the company is currently headquartered in Asakuchi-gun, Okayama, Japan with an estimated 375 employees. Subscribe to learn more
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Procurement Management KPIs for the Metal Boring Machines Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Current Ratio (Assets/Liabilities) and Customer Concentration. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Machine Performance and Maintenance and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Current Ratio (Assets/Liabilities) |
|
Current assets Current liabilities |
The current ratio represents a company’s liquidity. The current ratio can be used to determine a company’s ability to utilize its current assets to satisfy its current liabilities. |
| Customer Concentration |
|
Total revenue Number of customers |
Customer concentration represents the revenue generated from the average customer. The average revenue per customer can be used to determine the value associated with gaining or losing customers. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Specifications
What manufacturing specifications do you follow to produce your metalworking machines?
What have you done to improve the reliability and precision of your equipment in the past few years?
Quality Control
What performance-monitoring systems are in place at your company?
What steps do you take to ensure consistent quality?
Service & Maintenance
What customer assistance channels are available?
What is the average cost of maintenance?
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Metal Boring Machines RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their business background and the reason for the proposal.
Buyers should include contact information for RFP-related questions.
Statement Of Need
Buyers should explain the vendor's scope and conditions of work.
Buyers should describe what type of boring operations they manage as well as typical tolerancing, precision, materials and geometries used.
Project Budget
Buyers should include the cost constraints for transporting the metal boring machine(s) and related equipment to their location.
Buyers should outline a desired budget so that vendors can provide necessary pricing information.
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Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
