The Broaching Machine Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Broaching Machine Market?
The market size of the broaching machine has experienced significant growth in recent times. It is projected to increase from $1.18 billion in 2024 to $1.25 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Broaching Machine Industry?
In 2029, the broaching machine market is projected to reach a valuation of $1.54 billion, expanding at a compound annual growth rate (CAGR) of 5.5%.
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What are the Key Growth Drivers Fueling the Broaching Machine Market?
The key drivers in the broaching machine market are:
• Increasing adoption of smart manufacturing techniques
• Growing focus on energy-efficient broaching machines
• Rising demand for high-speed broaching operations
• Expansion of broaching machine use in defense and medical device production
Global Market Segmentation: Identifying Major Broaching Machine Industry Segments
The broaching machine market covered in this report is segmented –
1) By Type: Vertical Broaching Machine, Horizontal Broaching Machine, Other Types
2) By Material: Metal, Plastic, Composite, Other Materials
3) By Application: Internal Broaching, External Broaching
4) By End-User: Automotive, Fabrication And Industrial Machinery Manufacturing, Aerospace And Defense, Oil And Gas, Energy, Other End-Users
Subsegments:
1) By Vertical Broaching Machine: Surface Broaching Machines, Internal Broaching Machines, External Broaching Machines, Rotary Broaching Machines
2) By Horizontal Broaching Machine: Pull-Type Horizontal Broaching Machines, Push-Type Horizontal Broaching Machines, Continuous Horizontal Broaching Machines, Table-Up Broaching Machines
3) By Other Types: Chain Broaching Machines, Pot Broaching Machines, Blind Spline Broaching Machines, Electrochemical Broaching Machines
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What are the emerging Trends Shaping the Future of the Broaching Machine Market?
The key trends in the broaching machine market are:
• The trend towards fully automated broaching is becoming more prevalent in the market.
• Artificial Intelligence-driven machining is an emerging trend that's shaping the market.
• The development of eco-friendly machining solutions is a significant future trend.
• The integration of Internet of Things (IoT) in machinery is becoming a major market trend.
Who Are the Top Competitors & Leading Players in the Broaching Machine Market?
Major players 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
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the broaching machine market in 2024
