Broaching Machine Market Report 2026

The broaching machine market size has grown strongly in recent years. It will grow from $1.23 billion in 2025 to $1.29 billion in 2026 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to expansion of automotive powertrain manufacturing, growth of industrial machinery production, increasing demand for precision metal components, adoption of high-volume machining processes, investments in advanced metalworking equipment.

The broaching machine market size is expected to see strong growth in the next few years. It will grow to $1.57 billion in 2030 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to rising demand for lightweight and complex components, increasing automation in machining workshops, expansion of aerospace manufacturing, growing focus on productivity optimization, adoption of digitally controlled broaching solutions. Major trends in the forecast period include increasing adoption of cnc-controlled broaching systems, rising demand for high-precision internal and external broaching, growing use of automation in metal cutting operations, expansion of multi-axis and continuous broaching machines, focus on high repeatability and surface finish.

The expansion of the automotive industry is expected to drive the growth of the broaching machine market. The automotive sector encompasses businesses and processes involved in designing, manufacturing, marketing, and selling motor vehicles, including cars, trucks, and motorcycles, making it a significant global revenue contributor. Growth in this sector is fueled by rising demand, innovations in electric and autonomous vehicles, government incentives for green technologies, and higher urban incomes. Broaching machines are increasingly used in the automotive industry for producing precise, complex components such as gears, splines, and keyways at high production rates. For example, in January 2025, the Bureau of Infrastructure and Transport Research Economics (BITRE), an Australia-based government transport agency, reported that the total number of registered motor vehicles reached 22.3 million. Electrified vehicles experienced substantial growth, with approximately 259,710 battery- and fuel-cell electric vehicles (BEVs & FCEVs) and 709,100 hybrid-electric vehicles (HEVs). Consequently, automotive industry growth is boosting demand for broaching machines.

The increase in defense budgets is also expected to support the growth of the broaching machine market. Defense budgets are government financial plans covering military salaries, equipment, operations, and programs. Rising geopolitical tensions, technological advancements, and modernization initiatives are driving higher defense spending worldwide. Broaching machines are utilized in defense manufacturing to produce precision components, including firearm parts, turbine blades, and military vehicle gears, with high accuracy and efficiency. For example, in November 2024, the UK Ministry of Defence (MOD) reported that its total defense expenditure for 2023/24 rose to $71.3 billion (£53.9 billion), while equipment capital expenditure - including procurement of manufactured parts and machinery - was around $31.7 billion (£24 billion) in 2022/23. Therefore, rising defense budgets are fueling the growth of the broaching machine market.

The surge in industrial robot deployment is further expected to drive the broaching machine market. Industrial robots are automated, programmable machines capable of performing precise, repetitive, and high-accuracy tasks in manufacturing. As automation expands across industries, there is greater demand for precision-machined components, such as high-quality gears, structural parts, and metal components essential for robot performance. Broaching machines play a key role by delivering accuracy, repeatability, and high material-removal efficiency. For instance, in September 2024, the International Federation of Robotics (IFR), a Germany-based robotics federation, reported that 4,281,585 industrial robots were in operation worldwide, reflecting a 10% year-on-year increase, with 541,302 new robots installed globally - the second-highest annual installation level ever recorded. Consequently, the growing deployment of industrial robots is supporting the growth of the broaching machine market.

Major companies operating in the broaching machine market are Mitsubishi Heavy Industries Ltd, Nidec Corporation, Nachi-Fujikoshi Corp, Stenhoj Hydraulik AS, Axisco Precision Machinery Co. Ltd, Colonial Tool Group Inc., Miller Broach, General Broach Company, Pioneer Broach Co., Accu-Cut Diamond Tool Co., Broach Masters, Ohio Broach & Machine Co., Phoenix Inc., Arthur Klink GmbH, Broaching Machine Specialties, CNC Broach Tool LLC, Hoffmann Rumtechnik GmbH, Forst Technologies GmbH & Co. KG, Karl Klink GmbH, Apex Broaching Systems.

North America was the largest region in the broaching machine market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the broaching machine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the broaching machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The broaching machine market consists of sales of computer numerical control (CNC) broaching machines, surface broaching machines, pull and push type broaching machines, and rotary broaching machines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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