USD 343.7 million
Broaching Machine Market Size, Share, and Growth Analysis
Broaching Machine Market By Type (Horizontal Broaching Machine, Vertical Broaching Machine), By Application (Internal Broaching, External Broaching), By End-use Industry (Automotive, Aerospace & Defense), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20G2029 |
Region:
Global |
Published Date: January, 2025
Pages:
157
|Tables:
90
|Figures:
81
Format -
Broaching Machine Market Insights
Global Broaching Machine Market size was valued at USD 343.7 million in 2023 and is poised to grow from USD 363.63 million in 2024 to USD 570.89 million by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
In recent years, the global broaching machine market has been changing consumer preferences and propelled the demand for precision machining solutions, expanding the automotive and aerospace industries. The market has shown resilience, with steady growth, due to the perception of fruit snacks as a convenient and relatively healthy choice. Consumers are becoming more health-conscious and are seeking snacks that are low in calories, free from artificial additives, and made from real fruit ingredients. This health-driven trend is expected to continue shaping the industry.
Additionally, companies operating in the fruit snacks sector are investing in product innovation. They are introducing organic, non-GMO, and clean-label fruit snacks to meet the demands of health-conscious consumers. New flavor variations and packaging options are also being explored to appeal to a broader consumer base.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Horizontal Broaching Machines
Fastest Growth
Vertical Broaching Machines
Growth Rate
5.8% CAGR
Global Broaching Machine Market ($ Bn)
Country Share for North America Region (%)
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Broaching Machine Market Segments Analysis
Global Broaching Machine Market is segmented by Type, Application, End-use Industry and region. Based on Type, the market is segmented into Horizontal Broaching Machine, Vertical Broaching Machine and Surface Broaching Machine. Based on Application, the market is segmented into Internal Broaching and External Broaching. Based on End-use Industry, the market is segmented into Automotive, Aerospace & Defense, Industrial Machinery, Fabrication, Oil and Gas and Energy. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Type
Horizontal broaching machines have typically held a substantial market share as they cater to diverse applications in the automotive industry, and are often considered dominant due to their versatility and widespread use. These machines are employed for tasks such as keyway cutting, spline cutting, and surface broaching in components like engine blocks and transmission parts.
Due to their ability to perform complex operations with precision, rotary broaching machines may experience faster growth. The aerospace industry, in particular, often demands intricate components, and rotary broaching machines can address these requirements efficiently. As industries emphasize advanced technologies for increased productivity, the demand for rotary broaching machines may see significant growth.
Analysis by Distribution Channel
Components such as engine blocks, transmission parts, and gears often require precision broaching operations; these factors aided the automotive industry to traditionally dominate applications for broaching machines. The continuous demand for automobiles globally contributes to the dominance of the automotive sector in the broaching machine market.
Broaching machines play a vital role in manufacturing aerospace components, including aircraft engine parts and structural elements leading the aerospace industry towards faster growth as an application. Moreover, The growing aerospace sector, driven by technological advancements and increased air travel, can lead to a higher demand for broaching machines in this application.
Global Broaching Machine Market By Product
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Broaching Machine Market Regional Insights
North America has historically dominated the broaching machine market due to a well-established industrial base and a strong presence in sectors such as automotive, aerospace, and general machinery. The region holds its own in terms of technological advancements, high-quality manufacturing, and demand for precision machining solutions compared to other regions across the globe.
Moreover, rapid industrialization, increasing demand for machined components, and the growth of key industries in countries like China and India contribute to the region's fast-paced expansion will help Asia Pacific to experience significant growth. The continuous development of infrastructure and a burgeoning middle class further drive the need for precision machining tools, including broaching machines.
Global Broaching Machine Market By Region
- Largest
- Fastest
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Broaching Machine Market Dynamics
Drivers
Increasing Demand for Precision Machining Solutions
- The demands in automotive, aerospace, and general machinery for precision machining solutions is one of the primary driver. As manufacturing processes evolve, the need for efficient and accurate cutting of intricate components has intensified, propelling the demand for advanced broaching machines.
Restraints
High Initial Setup Costs Associated with Acquiring Advanced Broaching Machines
- The capital-intensive nature of these machines can pose a barrier for small and medium-sized enterprises (SMEs) looking to invest in modern machining technology. Additionally, there is a reliance on skilled operators to efficiently operate and maintain these machines, and a shortage of skilled labor in some regions may hinder widespread adoption.
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Broaching Machine Market Competitive Landscape
The competitive environment of the broaching machine market is dynamic and features several key players vying for market share and prominence. Major industry participants are continually engaged in strategic initiatives to strengthen their positions, including product innovation, mergers and acquisitions, and collaborations. Established companies often focus on enhancing their product portfolios to cater to the evolving needs of diverse industries such as automotive, aerospace, and general machinery.
Top Players in Broaching Machine Market
- American Broach & Machine Company (USA)
- Apex Broaching Systems (USA)
- Broaching Machine Specialties (BMS) (USA)
- Colonial Tool Group Inc. (Canada)
- General Broach Company (USA)
- Ohio Broach & Machine Co. (USA)
- Pioneer Broach Co. (USA)
- Mitsubishi Heavy Industries, Ltd. (Japan)
- Nachi-Fujikoshi Corp. (Japan)
- Kanzaki Kokyukoki Mfg. Co., Ltd. (Japan)
- Stenhoj Hydraulik A/S (Denmark)
- Arthur Klink GmbH (Germany)
- Elmass (Germany)
- Forst Technologie GmbH & Co. KG (Germany)
- Accu-Cut Diamond Tool Co. (USA)
- Miller Broach (USA)
- V W Broaching Service Inc. (USA)
- Broaching Technologies, LLC (USA)
- Sunnen Products Company (USA)
Recent Developments
- In September 2023, Phoenix has recently finished constructing a 5-axis Gantry, adhering to our customary approach of tailoring designs to precisely meet our customer's requirements.
- In July 2022, Nachi America unveiled the N-H Series hydraulic broaching machines tailored for the North American market.
Broaching Machine Key Market Trends
Integration of Advanced Technologies and Focus on Sustainability
- The Automation, digital controls, and real-time monitoring systems are increasingly being incorporated into broaching machines, allowing for higher accuracy and reduced setup times. Additionally, there is a growing demand for versatile broaching machines capable of handling a wide range of materials and complex shapes, catering to the diverse needs of industries such as automotive, aerospace, and healthcare.
Broaching Machine Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global broaching machine market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is propelled by a surge in demand for precision machining in industries like automotive and aerospace. Technological advancements, including automation and digital controls, enhance operational efficiency. However, high initial setup costs and a dependence on skilled operators pose challenges. Horizontal broaching machines dominate the product landscape due to their versatility. Asia-Pacific leads the market, driven by industrialization, while North America remains a mature market. Key trends include the integration of advanced technologies for precision and the rising demand for sustainable and versatile broaching machines.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 343.7 million |
| Market size value in 2032 | USD 570.89 million |
| Growth Rate | 5.8% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Broaching Machine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Broaching Machine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Broaching Machine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Broaching Machine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Broaching Machine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Broaching Machine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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