PUBLISHER: Grand View Research | PRODUCT CODE: 1575056
PUBLISHER: Grand View Research | PRODUCT CODE: 1575056
The global broaching machine market size was estimated at USD 452.5 million in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2030.The growth of the broaching machine market is driven by the rising demand for precision machining solutions across various industries such as automotive, aerospace, metalworking, and industrial machinery. Broaching machines are highly valued for their ability to produce complex shapes with high precision and efficiency. These machines are widely used for machining internal and external surfaces such as keyways, splines, gears, and other components that require tight tolerances and smooth finishes. The growing adoption of automation in manufacturing, along with increasing investments in advanced machining technologies, is fueling market expansion globally.
Innovations in machine design, such as improved automation and precision controls, have enhanced the efficiency and effectiveness of broaching machines. These technological advancements enable industries to achieve higher production rates and better product quality, driving demand for modern broaching equipment
Global Broaching Machine Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global broaching machine market on the type, end-use, and region: