Broaching Machine Market Report 2025, Growth Analysis to 2034


 What Are The Projected Market Size And CAGR For The Broaching Machine Market By The Conclusion Of 2030?

The broaching machine market size has grown strongly in recent years. It will grow from $1.23 billion in 2025 to $1.29 billion in 2026 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to expansion of automotive powertrain manufacturing, growth of industrial machinery production, increasing demand for precision metal components, adoption of high-volume machining processes, investments in advanced metalworking equipment.

The broaching machine market size is expected to see strong growth in the next few years. It will grow to $1.57 billion in 2030 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to rising demand for lightweight and complex components, increasing automation in machining workshops, expansion of aerospace manufacturing, growing focus on productivity optimization, adoption of digitally controlled broaching solutions. Major trends in the forecast period include increasing adoption of cnc-controlled broaching systems, rising demand for high-precision internal and external broaching, growing use of automation in metal cutting operations, expansion of multi-axis and continuous broaching machines, focus on high repeatability and surface finish.

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Which Drivers Are Expected To Support The Future Advancement Of The Broaching Machine Market?
The growth of the automotive industry is expected to propel the growth of the broaching machine market going forward. The automotive industry includes businesses and processes that create, market, and sell motor vehicles such as cars, trucks, and motorcycles, making it a key global revenue-generating sector. The automotive sector is expanding due to rising demand, innovations in electric and autonomous vehicles, government support for green technologies, and higher incomes in urban areas. The use of broaching machines in the automotive industry is increasing due to their efficiency in producing precise, complex components such as gears, splines, and keyways at high production rates. For instance, in January 2025, according to the Bureau of Infrastructure and Transport Research Economics (BITRE), an Australia-based government transport statistics agency, the total number of registered motor vehicles reached 22.3 million. Electrified vehicles saw substantial growth, with approximately 259,710 battery- and fuel-cell electric vehicles (BEVs & FCEVs) and 709,100 hybrid-electric vehicles (HEVs). Therefore, the growth of the automotive industry is driving the growth of the broaching machine market.

Which Segment Categories Are Influencing The Growth Trajectory Of The Broaching Machine Market?
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


Which Organizations Are Considered Principal Leaders In The Broaching Machine Market?
Major companies operating 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.

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Which Regions Are Generating The Highest Demand Within The Broaching Machine Market?
North America was the largest region in the broaching machine market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the broaching machine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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