PUBLISHER: IMARC | PRODUCT CODE: 1423001
PUBLISHER: IMARC | PRODUCT CODE: 1423001
Broaching Machine Market Report by Type (Vertical Broaching Machine, Horizontal Broaching Machine), End User (Automotive Industry, Industrial Machinery, Precision Engineering Machine, and Others), and Region 2024-2032
Abstract
The global broaching machine market size reached US$ 256.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 462.2 Million by 2032, exhibiting a growth rate (CAGR) of 6.56% during 2024-2032. 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.
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:
IMARC Group 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 2024-2032. Our report has categorized the market based on the type and end-user.
Type Insights:
Vertical Broaching Machine
Horizontal Broaching Machine
The report has provided a detailed breakup and analysis of the broaching machine market based on the type. This includes vertical broaching machine and horizontal broaching machine. According to the report, vertical broaching machine represented the largest segment.
End User Insights:
Automotive Industry
Industrial Machinery
Precision Engineering Machine
Others
A detailed breakup and analysis of the broaching machine market based on end user has also been provided in the report. This includes automotive, industrial, precision engineering machine, and others. According to the report, the automotive industry accounted for the largest market share.
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
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for broaching machine. Some of the factors driving the North America broaching machine market included the growing development of heavy industrial equipment, rising need to produce workpieces with high dimensional accuracy, government support, etc.
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 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Broaching Machine Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Vertical Broaching Machine
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Horizontal Broaching Machine
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by End User
- 7.1 Automotive Industry
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Industrial Machinery
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Precision Engineering Machine
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 American Broach & Machine Company
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Apex Broaching Systems
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Arthur Klink GmbH
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Axisco Precision Machinery Co. Ltd.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Broaching Machine Specialties
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Colonial Tool Group Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Federal Broach & Machine Company
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Forst Technologie GmbH & Co. KG
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 NACHI-Fujikoshi Corp.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Pioneer Broach Company
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Stenhøj Hydraulik A/S
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Suntech Landriani Machine Tools Pvt. Ltd.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.13 The Ohio Broach & Machine Co.
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.1 American Broach & Machine Company
List of Figures
- Figure 1: Global: Broaching Machine Market: Major Drivers and Challenges
- Figure 2: Global: Broaching Machine Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Broaching Machine Market: Breakup by Type (in %), 2023
- Figure 5: Global: Broaching Machine Market: Breakup by End User (in %), 2023
- Figure 6: Global: Broaching Machine Market: Breakup by Region (in %), 2023
- Figure 7: Global: Broaching Machine (Vertical Broaching Machine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Broaching Machine (Vertical Broaching Machine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Broaching Machine (Horizontal Broaching Machine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Broaching Machine (Horizontal Broaching Machine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Broaching Machine (Automotive Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Broaching Machine (Automotive Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Broaching Machine (Industrial Machinery) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Broaching Machine (Industrial Machinery) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Broaching Machine (Precision Engineering Machine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Broaching Machine (Precision Engineering Machine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Broaching Machine (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Broaching Machine (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: North America: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: North America: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: United States: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: United States: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Canada: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Canada: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Asia-Pacific: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Asia-Pacific: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: China: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: China: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Japan: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Japan: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: India: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: India: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: South Korea: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: South Korea: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Australia: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Australia: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Indonesia: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Indonesia: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Others: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Others: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Europe: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Europe: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Germany: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Germany: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: France: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: France: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: United Kingdom: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: United Kingdom: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Italy: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Italy: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Spain: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Spain: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Russia: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Russia: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Others: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Others: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Latin America: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Latin America: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Brazil: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Brazil: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Mexico: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Mexico: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Others: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Others: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Middle East and Africa: Broaching Machine Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Middle East and Africa: Broaching Machine Market: Breakup by Country (in %), 2023
- Figure 67: Middle East and Africa: Broaching Machine Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Global: Broaching Machine Industry: Drivers, Restraints, and Opportunities
- Figure 69: Global: Broaching Machine Industry: Value Chain Analysis
- Figure 70: Global: Broaching Machine Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Broaching Machine Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Broaching Machine Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Broaching Machine Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 4: Global: Broaching Machine Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Broaching Machine Market: Competitive Structure
- Table 6: Global: Broaching Machine Market: Key Players
