openPR Logo
Press release

Broaching Machine Market Growing at 4.3% CAGR to Touch US$ 1.96 Billion Valuation by 2034: Fact.MR Report

05-15-2024 07:38 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Broaching Machine Market

Broaching Machine Market

According to a recently released industry report by Fact.MR, a supplier of competitive intelligence and market research, the global broaching machine market is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2034, with a projected value of US$ 1.96 billion.

Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9887

Revenue streams are being bolstered by the growing demand for broaching machines from a variety of end-use industries, such as aerospace and automotive. Automation and ongoing technological development are expected to help players draw in more clients and boost income sources. Additionally, it is anticipated that a growth in the industrial machinery industry will attract investors' interest and create a foundation for market expansion.

The rapidly expanding automotive industry and rising defense spending are expected to drive up demand for a variety of broaching machine types. Additionally, the market is growing as a result of ongoing technological developments in broaching machine technology, such as the automation and integration of smart features. It is anticipated that these developments will increase machines' accuracy, productivity, and efficiency and increase their appeal to producers seeking to enhance their manufacturing processes.

Key Takeaway from Market Study

By 2024, broaching machine sales are expected to reach US$ 1.28 billion globally.
By the end of 2034, the broaching machine market is expected to be valued at US$ 1.96 billion worldwide.
From 2024 to 2034, the demand for broaching machines is expected to increase at a 4.3% CAGR.
By the end of 2034, North America is expected to account for 43.2% of the global market.
By 2034, the automobile industry is expected to generate 38.3% of global market revenue.
From 2024 to 2034, the Mexican broaching machine market is expected to grow at a 4.7% compound annual growth rate.

"Rising demands for fabricated metal goods, improvements in manufacturing techniques, and the creation of diverse industrial equipment are all contributing factors to the growing demand for broaching machines," says a Fact.MR analyst.

Key Market Players

The Ohio Broach & Machine Co.
Mitsubishi Materials Corporation
Accu-Cut Diamond Tool Co.
American Broach & Machine Company
Arthur Klink GmbH
Pioneer Broach Company
Nachi-Fujikoshi Corp.
General Broach Company
Hoffmann Rumtechnik GmbH
Forst Technologies GmbH & Co. KG

Growing Expansion of the Automotive Industry Increasing Demand for Broaching Machines in North America

By the end of 2034, the market for broaching machines in North America is expected to be worth US$ 845.3 million, growing at a 4.3% CAGR. Demand for broaching machines is being driven by the expansion of the automotive industry, which is responsible for a rise in sales of broaching machines in the region.

Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=9887

Country-wise Insights

How does the broaching machine market in the United States stack up?

"Multifaceted Application of Broaching Machines in the Country"

By the end of 2034, the United States is predicted to hold around 77% of the North American market share. Broaching machine sales are likely to rise due to increased demand for fabricated metal goods. Furthermore, when compared to forming technology, the country's machine tool-cutting industry is predicted to account for a sizable portion of metal manufacturing.

Drilling, lathes, milling, broaching, and boring are predicted to be vital tools for machine tool cutting. Broaching machine suppliers in the United States should expect opportunities to arise as technology advances and business footprints expand.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/broaching-machine-market

What Opportunities Await Broaching Machine Suppliers in China?

"Presence of Well-established Manufacturing and Automotive Sectors"

By the end of 2034, China is predicted to control 60.9% of the East Asian market. China's considerable growth is attributed to the presence of a well-established manufacturing sector. Furthermore, the country's expanding vehicle production is likely to result in the introduction of stringent laws, raising operational costs and thus leading to the use of broaching machines. The presence of several of China's biggest suppliers is expected to generate money.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the broaching machine market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on the product type (vertical broaching machines, horizontal broaching machines, others) and end use (automotive, fabrication & industrial machinery manufacturing, aerospace & defense, others), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Broaching Machine Market Growing at 4.3% CAGR to Touch US$ 1.96 Billion Valuation by 2034: Fact.MR Report here

News-ID: 3496748 • Views:

More Releases from Fact.MR

Fine Blanking Tools Market Projected to Reach USD 1.43 Billion by 2035 | U.S. CAGR at a 5.3%
Fine Blanking Tools Market Projected to Reach USD 1.43 Billion by 2035 | U.S. CA …
The global Fine Blanking Tools Market is set for steady growth over the next decade, driven by rising demand for high-precision components, ongoing industrial automation, and surging requirements from automotive, electronics, and aerospace sectors. According to a recent forecast, the market is expected to grow from approximately USD 948.1 million in 2025 to USD 1,430.6 million by 2035, at a compound annual growth rate (CAGR) of about 4.2 % between
Benzodiazepine Drugs Market is Expanding USD 5.4 billion by 2035 | Pfizer Inc.; Akorn Inc; Hikma; Hameln Pharmaceutical; Accord; Others.
10-08-2025 | Health & Medicine
Fact.MR
Benzodiazepine Drugs Market is Expanding USD 5.4 billion by 2035 | Pfizer Inc.; …
The global benzodiazepine drugs market is projected to expand in the coming decade, driven by growing incidence of anxiety, insomnia, alcohol-withdrawal disorders, and advances in pharmaceutical formulations. According to a recent Fact.MR report, the market was valued at approximately USD 2.35 billion in 2022, and is expected to grow at a compound annual growth rate (CAGR) of 2.8% to reach USD 3.1 billion by 2032. Market Drivers & Outlook The demand for
Ultrasound Systems Market to Surge to Nearly USD 20 Billion by 2035, Led by Advances in 2D, Cart-Based Systems & AI-Enabled Portability
10-08-2025 | Health & Medicine
Fact.MR
Ultrasound Systems Market to Surge to Nearly USD 20 Billion by 2035, Led by Adva …
The global Ultrasound Systems Market is on a strong growth trajectory, projected to rise from USD 10.8 billion in 2025 to approximately USD 19.7 billion by 2035, expanding at a CAGR of 6.2% during the forecast period. This growth is fueled by the rising demand for non-invasive diagnostic imaging, the increasing prevalence of chronic diseases, expanding healthcare infrastructure, and continuous technological innovations such as AI integration and portable imaging systems. Key
Surgical Staplers Market Is Forecasted To Reach USD 6.0 Billion In 2025 | Ethicon US LLC, Cardica Inc., Smith & Nephew Plc, CONMED Corporation., Purple Surgical Inc., Dextera Surgical Inc, and Others.
10-08-2025 | Health & Medicine
Fact.MR
Surgical Staplers Market Is Forecasted To Reach USD 6.0 Billion In 2025 | Ethico …
The global Surgical Staplers Market is forecast to show strong growth over the next decade, nearly doubling in value as demand surges for efficient, reliable wound closure in advanced surgical procedures. According to the latest Fact.MR Surgical Staplers Market Size & Share Forecast Outlook 2025-2035 report, the market is expected to grow from USD 6.0 billion in 2025 to USD 12.5 billion by 2035, at a compound annual growth rate

All 5 Releases


More Releases for Broach

Broaching machines Market Is Booming Worldwide: Ekin, Apex Broaching Systems, Pi …
The latest study released on the Global Broaching machines Market by HTF MI evaluates market size, trend, and forecast to 2030. The Broaching machines market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in
Automatic Broach Sharpening Machine Market Types and Applications, Drivers, Ongo …
The Automatic Broach Sharpening Machine Market Trends Overview 2024-2031: A new Report by Worldwide Market Reports, titled "Automatic Broach Sharpening Machine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Automatic Broach Sharpening Machine market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market. This report has a complete table of contents, figures,
Automatic Broach Sharpening Machine Market to Set Remarkable Growth in Coming Ye …
Worldwide Market Reports published a "Automatic Broach Sharpening Machine Market Business Growth Forecast 2023-2030" report that sheds light on the key opportunities attributing to the growth of the market. This Insight Report offers a thorough study of the global Automatic Broach Sharpening Machine market and identifies significant trends in product/services segmentation, company formation, revenue, market share, recent advancements, and M&A activity. With a focus on Automatic Broach Sharpening Machine portfolios
Broaching Machine Design Market Regional Demands, Future Trends and Competitive …
The Broaching Machine Design market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status with
Broaching Machines Market In-Depth Qualitative Insights, Explosive Growth Opport …
The global broaching machines market was valued at US$ 0.8 billion in 2021 and it is anticipated to grow up to US$ 1.2 billion by 2031, at a CAGR of 4.0% during the forecast period. A broaching machine is used to finish a surface by pulling or pushing a cutting tool called a brooch over the entire surface. The brooch has a series of cut teeth arranged side by side, with
Broaching Machine Market 2019-2026 | Evolving Opportunities with Accu-Cut Diamon …
The automotive industry segment dominated the broaching machine market in 2018, contributing more than two-fifths of the market, owing to rise in trend of adoption of CNC broaching machine in the automotive industry. Moreover, the segment is estimated to manifest the fastest CAGR of 6.8% during the forecast period. The report includes an analysis of industrial machinery, precision engineering machine, and other segments. Rise in production of vehicles from developing economies,