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Stock impact report

Boring Tools Market Size Projected to Reach US$ 5.19 Billion by 2032, Driven by Precision Engineering Needs | Research by SNS Insider [Yahoo! Finance]

Kennametal Inc. (KMT) 
Last kennametal inc. earnings: 2/3 04:01 pm Check Earnings Report
US:NYSE Investor Relations: kennametal.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
Pune, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Boring Tools Market Size & Growth Analysis: “According to SNS Insider Research, The Boring Tools Market Size was valued at US$ 3.39 Billion in 2023 and is expected to reach US$ 5.19 Billion by 2032, growing at a CAGR of 4.73% over the forecast period from 2024 to 2032.” Transforming the Boring Tools Market: Innovations Driven by Modern Manufacturing Technologies The Boring Tools Market is experiencing a change due to the rising use of modern manufacturing technologies. The increased use of Tunnel Boring Machines (TBMs) has led to quicker excavation speeds and notably reduced project durations. The increase in demand driven by the recovery of the oil and gas sector has led to a 20% rise in global investments in exploration and production last year, resulting in a concentration on drilling technologies and advanced boring tools. Furthermore, technological progress has resulted in the creation of TBMs fitted with advanced monitoring systems Show less Read more
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