The global broaching machine market size reached US$ 256.4 million in 2023. The market is projected to reach US$ 462.2 million by 2032, exhibiting a growth rate (CAGR) of 6.77% during 2023-2032. The growing need for industrial components, increasing use in the automotive industry, and the rising demand for fabricated metal products represent some of the key factors driving the market.
A broaching machine is a sharp, hardened, and toothed that is used to remove material from a workpiece in a consistent, continuous, and accurate way. It removes access material from the surface while producing flat or contoured surfaces. It relies on hydraulically supplied energy to pull or push the broach through a held workpiece. It uses keyways, splines, slots, round holes, and interior shapes for long broaches and heavy workpieces. It is designed to perform multiple operations since passing a workpiece from one machine to another is easy. It assists in cutting similar parts at the same time with straight, horizontal, or circular movements. As a result, the broaching machine is widely employed in the automotive, aerospace, oil and gas, and manufacturing industries across the globe.
A broaching machine is a sharp, hardened, and toothed that is used to remove material from a workpiece in a consistent, continuous, and accurate way. It removes access material from the surface while producing flat or contoured surfaces. It relies on hydraulically supplied energy to pull or push the broach through a held workpiece. It uses keyways, splines, slots, round holes, and interior shapes for long broaches and heavy workpieces. It is designed to perform multiple operations since passing a workpiece from one machine to another is easy. It assists in cutting similar parts at the same time with straight, horizontal, or circular movements. As a result, the broaching machine is widely employed in the automotive, aerospace, oil and gas, and manufacturing industries across the globe.
Broaching Machine Market Trends
At present, the rising demand for broaching machines to produce workpieces with high dimensional accuracy and surface finishing represents one of the key factors supporting the growth of the market. Besides this, there is an increase in the demand for broaching machines to operate on soft materials, such as copper alloys, aluminum, brass, plastics, wood, and other polymers. This, along with the growing demand for broaching machines to manufacture industrial components and sub-assembly parts, such as shafts, gears, and splines, is currently increasing the sales of broaching machines and offering a positive market outlook. In addition, governing agencies of several countries are investing in heavy industries, which is contributing to the growth of the market. Moreover, there is a rise in the demand for highly efficient and superior-quality broaching machines to enhance automation in the manufacturing sector across the globe. This, coupled with technological advancements, such as computerized numerical control (CNC), computer-aided design (CAD) systems, and boxzy software, is strengthening the growth of the market. Apart from this, the escalating demand for fabricated metal products, in confluence with the development of heavy industrial equipment, is offering growth opportunities to industry investors and positively influencing the market. Additionally, the increasing use of broaching machines in the automotive industry to manufacture steering wheel hubs and steering yokes is bolstering the growth of the market.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global broaching machine market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on the type and end-user.Type Insights:
- Vertical Broaching Machine
- Horizontal Broaching Machine
End User Insights:
- Automotive Industry
- Industrial Machinery
- Precision Engineering Machine
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global broaching machine market. Detailed profiles of all major companies have also been provided. Some of the companies include American Broach & Machine Company, Apex Broaching Systems, Arthur Klink GmbH, Axisco Precision Machinery Co. Ltd., Broaching Machine Specialties, Colonial Tool Group Inc., Federal Broach & Machine Company, Forst Technologie GmbH & Co. KG, NACHI-Fujikoshi Corp., Pioneer Broach Company, Stenhøj Hydraulik A/S, Suntech Landriani Machine Tools Pvt. Ltd., The Ohio Broach & Machine Co., etc.Key Questions Answered in This Report:
- How has the global broaching machine market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global broaching machine market?
- What are the key regional markets?
- Which countries represent the most attractive broaching machine markets?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the broaching machine market?
- What is the breakup of the market based on the end-user?
- Which is the most attractive end-user in the broaching machine market?
- What is the competitive structure of the global broaching machine market?
- Who are the key players/companies in the global broaching machine market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Broaching Machine Market
6 Market Breakup by Type
7 Market Breakup by End User
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- American Broach & Machine Company
- Apex Broaching Systems
- Arthur Klink GmbH
- Axisco Precision Machinery Co. Ltd.
- Broaching Machine Specialties
- Colonial Tool Group Inc.
- Federal Broach & Machine Company
- Forst Technologie GmbH & Co. KG
- NACHI-Fujikoshi Corp.
- Pioneer Broach Company
- Stenhøj Hydraulik A/S
- Suntech Landriani Machine Tools Pvt. Ltd.
- The Ohio Broach & Machine Co.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 256.4 Million |
| Forecasted Market Value ( USD | $ 462.2 Million |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
