Broaching Machines Market
Broaching Machines Market
The market for Broaching Machines was estimated at $1.72 billion in 2024; it is anticipated to increase to $2.3 billion by 2030, with projections indicating growth to around $2.9 billion by 2035.
Global Broaching Machines Market Outlook
Revenue, 2024 (US$B)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
Market Key Insights
- The Broaching Machines market is projected to grow from $1.7 billion in 2024 to $2.8 billion in 2034. This represents a CAGR of 4.9%, reflecting rising demand across Automotive Manufacturing, Industrial Manufacturing and Aviation Industry.
- Mitsubishi Heavy Industries, Nachi-Fujikoshi Corp, American Broach & Machine Company are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Broaching Machines market and are expected to observe the growth CAGR of 3.4% to 4.5% between 2024 and 2030.
- Emerging markets including Mexico, Malaysia and Poland are expected to observe highest growth with CAGR ranging between 5.4% to 6.9%.
- Transition like Transition towards CNC Broaching Machines is expected to add $200.0 million to the Broaching Machines market growth by 2030
- The Broaching Machines market is set to add $1.1 billion between 2024 and 2034, with manufacturer targeting Automotive & Aerospace Applications projected to gain a larger market share.
- With Rising demand in automotive industry, and Advancements in vertical broaching, Broaching Machines market to expand 61% between 2024 and 2034.
Opportunities in the Broaching Machines
The ongoing growth of the sector indicates a significant demand for broaching machines which play a crucial role in producing different automotive parts like gears and keyways. The importance of broaching machines in this industry is highlighted by their precision and efficiency features that make them essential tools in manufacturing processes, for components.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Rising Demand in Automotive Industry, and Emergence of CNC broaching machines
Restraint: High Initial Investment
Opportunity: Strategic Collaborations and Partnerships and Technological Advancements in Broaching Machines
Challenge: Dependency on Economic Conditions
Supply Chain Landscape
BASF
Dow Inc
Mitsubishi Heavy Industries
Star Cutter Company
Pioneer Broach Company
Accu-Cut Diamond Tool Co
Automotive
Aerospace
Manufacturing
BASF
Dow Inc
Mitsubishi Heavy Industries
Star Cutter Company
Pioneer Broach Company
Accu-Cut Diamond Tool Co
Automotive
Aerospace
Manufacturing