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Pulished Date October, 2021
ID: 12324
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Broaching Machine Market Segmentation by Type (Horizontal and Vertical); By End-User (Automotive Industry, Industrial Machinery, Precision Engineering Machines, and Others) - Demand Analysis & Opportunity Outlook 2026

Pulished: October, 2021
ID: 12324
Pages: 175

Broaching machine market Size & Growth 2021-2026:

Broaching machine market was worth $295.0 million in 2020 and is expected to increase at a CAGR of 6.0 per cent from 2021 to 2026, to reach $394.6 million.

A broaching machine is a machine that is used to remove metal by pushing or dragging a broach, a cutting instrument that cuts in a set route. Broaching produces workpieces with excellent dimensional accuracy and surface finish. Broaching is performed on soft materials including copper alloys, aluminium, brass, plastics, wood, and other polymers with a broaching machine. Broaching machines have stroke capacities ranging from 12 to 60 inches. The broaching machine market is predicted to develop due to continued growth in the automotive, aerospace, power sector, metal fabrication, and engineering solutions industries around the world.

Recent Developments:

At the online launch in September 2021, Taiwan's leading companies in the industry, Axis Precision Machinery, Chering Jin Technology, Genn Dih, Ming-jing Tech, and Palmary, came together under the leadership of the Taiwan Foreign Trade Development Board (TAITRA) and Precision Machinery Research and Development Center Machinery to present their newly developed smart machines used in the automotive industry, as well as the benefits of these products to the industry. (Source:

According to judicial officials, Mitsubishi Heavy Industries has appealed a South Korean court's order to sell its assets in the country to compensate wartime forced labour victims. The Japanese company filed an urgent appeal against a Daejeon District Court judgement to sell two copyrights and two patents to pay two female plaintiffs for forced labour during Japan's colonialism of the Korean Peninsula from 1910 to 1945. (Source:

CTI, based in Covington, is planning to expand its manufacturing capabilities, with a new 40,000square-foot plant in the region — a $100 million investment that would create nearly 200         full-time,         high-paying  employment.  

Market Drivers:

The market is primarily driven by rising demand from a variety of end-user sectors, including automotive, aerospace, and others, all over the world. Broaching is still one of the quickest ways to cut production parts, and it's best used for high-volume production runs. Broaching machine makers are under pressure from the growing need for high-speed, precise finishing processes in the end-use sector. Manufacturers are progressively using advanced technologies and automation to meet this demand. Automation of the manufacturing and fabrication processes allows businesses to obtain a competitive advantage in the market while also lowering their operating expenses.

Restraints:

The market is primarily driven by rising demand from a variety of end-user sectors, including automotive, aerospace, and others, all over the world. Broaching is still one of the quickest ways to cut production parts, and it's best used for high-volume production runs. Broaching machine makers are under pressure from the growing need for high-speed, precise finishing processes in the end-use sector. Manufacturers are progressively using advanced technologies and automation to meet this demand. Automation of the manufacturing and fabrication processes allows businesses to obtain a competitive advantage in the market while also lowering their operating expenses.

 Market Segmentation:

Broaching machine market Type: The market is segmented into

  • Horizontal

  • Vertical

Due to increased demand from the metal industry to fulfil the increased demand for metals in the aerospace, military, and automotive industries, the vertical broaching machine segment retained the highest market (62 per cent) in 2018.

Broaching machine market End-User: The market is segmented into the

  • Automotive Industry

  • Industrial Machinery

  • Precision Engineering Machines

  • Others.

Due to increased demand for the broaching process of components and parts for automotive components, the automotive sector segment maintained the highest share in 2018.

Regional Analysis:

In terms of revenue, the EMEA region will be the largest market during the forecast period (2021-2026).

According to the research, Asia-Pacific (APAC) is expected to grow at a high rate in the current market. The region has the greatest number of manufacturing plants with extensive use of broaching machines. Because of its huge industrial sector, China is likely to be the region's most important country. Furthermore, the automobile industry is one of China's pillar sectors, and the country continues to have the world's largest car market. In 2018, total automotive manufacturing in the country reached 27.8 million units, considerably exceeding major markets such as the United States (11.3 million units), Japan (9.7 million units), and Germany (9.7 million units) (5.1 million units).

The North American broaching tools market is predicted to increase at a CAGR of 5.4 per cent from US$ 29.16 million in 2021 to US$ 42.13 million in 2026. The market is likely to grow at a faster rate as the defence sector expands. The increased military budget allows the military to invest in the development of durable weapons and ammunition, indigenous technologies, tough electronics, and other technologies. Year after year, countries like the United States and Canada increase their defence budgets. Broaching tools are widely employed in the production of numerous components for armaments and ammunition, armed vehicles, military aircraft, battle tanks, infantry fighting vehicles, and communications.

The Europe Broaching Machine market is expected to expand during the projected period, owing to an increase in heavy industrial manufacturing. The market has demonstrated development possibilities in recent years as a result of greater digital assistance and a boost in the incredible engine fuel for industrial expansion, which has improved the scope for manufacturing businesses throughout the region. Broaching Machine market has also discovered solid growth possibilities, owing to an increase in the growth of ongoing attempts by company organisations to fuel their business operations digitally and an urge to engage in new partnerships for the development of the manufacturing industry. Due to the expansion of the manufacturing base for steel and other associated industrial items, the Italy Broaching Machine market is predicted to contribute to favourable business growth. Italy has presented solid development potential for industrial expansion, owing to the country's growing industrialization. Additionally, the government of the country's attempts to drive growth possibilities are expected to be a growth proliferator for the market soon, providing abundant opportunities for new entrants in the market to seek significant growth prospects in the market.

Key Players:

  • Accu-Cut Diamond Tool Co
  • Arthur Klink GmbH
  • General Broach Co
  • Hoffmann Rumtechnik GmbH
  • Pioneer Broach Co
  • The Ohio Broach & Machine Co
  • CTI and Associates
  • Apex and Star SU LLC
  • EKIN
  • Chering Jin Technology
  • Genn Dih
  • Ming-jing Tech
  • Palmary

Market Leaders:

American Broach & Machine Co, Axisco Precision Machinery Co Ltd, Forst Technology GmbH & Co KG, Nachi-Fujikoshi Corp and Mitsubishi Heavy Industries Ltd are the market leaders.

Impact of COVID-19 on Broaching machine market:

The US and European markets were the worst hit regions since the advent of COVID-19 pandemic. The US market witnessed a fall in the Q2 revenue of 2020. The European market suffered heavily because of the economic collapse of Italy, the largest market for broaching machines in the region. The APAC market was harmed by the decrease in demand for automobiles, especially in China which was the epicentre of the pandemic.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Broaching Machine Market, By Type                               

                                6.1.1 Horizontal

                                6.1.2 Vertical     

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Broaching Machine Market, By End-User                      

                                6.2.1 Automotive Industry          

                                6.2.2 Industrial Machinery           

                                6.2.3 Precision Engineering Machines    

                                6.2.4 Others      

                                6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Broaching Machine Market, by Region                             

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By End-User           

8. Key Player Analysis                                    

                8.1 Accu-Cut Diamond Tool Co                  

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Arthur Klink GmbH                  

                8.3 General Broach Co                  

                8.4 Hoffmann Rumtechnik GmbH                            

                8.5 Pioneer Broach Co                   

                8.6 The Ohio Broach & Machine Co                         

                8.7 CTI and Associates                   

                8.8 Apex and Star SU LLC                             

                8.9 EKIN                              

                8.10 Chering Jin Technology                       

                8.11 Genn Dih                   

                8.12 Ming-jing Tech                        

                8.13 Palmary                     

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identifying the regions that are still untapped
  • The segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis lists out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Broaching Machine Market By Region, From 2021-2026 ( USD Billion )
  2. Global Broaching Machine Market By Type, From 2021-2026 ( USD Billion )
  3. Global Horizontal Market By Region, From 2021-2026 ( USD Billion )
  4. Global Vertical Market By Region, From 2021-2026 ( USD Billion )
  5. Global Broaching Machine Market By End-User, From 2021-2026 ( USD Billion )
  6. Global Automotive Industry Market By Region, From 2021-2026 ( USD Billion )
  7. Global Industrial Machinery Market By Region, From 2021-2026 ( USD Billion )
  8. Global Precision Engineering Machines Market By Region, From 2021-2026 ( USD Billion )
  9. Global Others Market By Region, From 2021-2026 ( USD Billion )

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