Authored By: Sarah
11 Jul 2024

 Broaching Machines Market Size to grow by USD 109.1 million between 2024-2028

According to a research report “ Broaching Machines Market” by Product (Vertical broaching machines, Horizontal broaching machines, Others) Geography (Europe, APAC, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 109.1 million, at a CAGR of  4.5% during the forecast period. In the product development process, the design phase plays a pivotal role in determining the final product's shape. CNC machines, a significant advancement in machine tools, enable the production of parts with high accuracy and efficiency, adhering to design specifications. The continuous research and development efforts have led to the evolution of CNC machines, making them highly productive and capable of incorporating new technologies. A CNC broaching machine is an automated solution for manufacturing complex shapes with minimal operator intervention. Semi-skilled operators can program and swiftly manufacture parts without estimating the required pressure for optimal metal cuts, ensuring consistent and precise results.

Browse market data tables, figures, and in-depth TOC on “Broaching Machines Market” by Product (Vertical broaching machines, Horizontal broaching machines, Others) Geography (Europe, APAC, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Product, the Vertical broaching machines segment is projected to dominate the market size in 2024

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By Geography, Europe  segment is expected to hold the largest market size for the year 2024

Vertical broaching machines (VBM) are essential tools in the metal processing industry, available in both push and pull types. The three distinct categories of VBM are table-up, pull-up, and push-down. These machines are primarily utilized for surface broaching applications. In terms of operation, vertical broaching machines come in hydraulic and electromechanical versions. The table-up type of VBM is particularly popular due to its compatibility with modern, flexible manufacturing concepts. This design allows for portability and specialized re-tooling options. In a table-up VBM, the broach remains stationary while the part moves along the broach to achieve the desired shape, ensuring precision and efficiency in metal processing.

Europe is forecasted to hold the largest market size by region in 2024

The Broaching Machines Market represents a significant business opportunity for manufacturers and suppliers. These machines, essential for producing complex shapes and contours in various industries, witness continuous demand due to their high precision and productivity. Market growth is driven by factors such as increasing automation in manufacturing processes and the expanding aerospace and defense sectors. Companies focusing on innovation and technological advancements will gain a competitive edge in this market.

The Broaching Machines Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Accu Cut Diamond Tool Co.
  • American Broach and Machine Co.
  • Andy Machine Tools
  • Apex Broaching Systems Inc.
  • Arthur Klink GmbH
  • Axisco Precision Machinery Co. Ltd.
  • Broaching Machine Specialties
  • Colonial Tool Group Inc.
  • ekin S. Coop.
  • Forest Technology GmbH and Co. KG
  • General Broach Co.
  • Hoffmann Group
  • Miller Broach
  • Mitsubishi Heavy Industries Ltd.
  • NACHI FUJIKOSHI Corp.
  • Phoenix Inc.
  • Pioneer Broach Co.
  • Stenhoj Hydraulik AS
  • Sunny Enterprises Co. Ltd.
  • The Ohio Broach and Machine Co.
  • Ty Miles Inc.
  • V W Broaching Service Inc.
  • YEOSHE HYDRAULICS CO. LTD.
.

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Research Analysis Overview

The Broaching Machines Market encompasses CNC (Computer Numerical Control) machines that utilize CAD (Computer-Aided Design) systems to manufacture precise and complex components. These machines are essential in the Industrial Machinery Sector, particularly for small-scale firms producing Heavy Industrial Instruments, Automotive Segment, and Surface Finishing applications. Broaching machines are toothed instruments used for Metal Removal, where a Metal Piece is passed between a Follower and a series of cutting teeth, or a Draw Head or Pulling Head, and a Ram. The machine can be driven hydraulically or by a Motor. Horizontal Broaching Machines and Vertical Broaching Machines are the two primary types, catering to various industries, including Automation, Oil and Gas, Aerospace and Defense, Industrial Machinery Manufacturing, Fabrication, and more. These machines are indispensable in industries that require high precision and accuracy, such as Automotive and Aerospace. They enable the production of intricate components, ensuring consistent quality and minimal waste. The integration of CNC technology and automation further enhances their efficiency and versatility, making them an essential investment for modern manufacturing processes.

Market Research Overview

The Broaching Machine market is a significant segment of the Industrial Machinery sector, catering to the needs of heavy industrial firms, small-scale enterprises, and high-volume manufacturers alike. CNC controls, CAD systems, and technologically advanced machines have revolutionized the broaching process, enabling high precision and efficient metal removal. Broaching machines are heavy industrial instruments used for surface finishing and metal removal, employing a toothed instrument to shape metal pieces. They come in various types, including horizontal and vertical broaching machines, electromechanical broach machines, and internal helical broaching machines. The Automotive segment is a major consumer of broaching machines, with applications in steering yokes, steering wheel hubs, transmission shafts, gears, and other components. The Oil and Gas, Aerospace and Defense, and Industrial Machinery Manufacturing industries also rely on these machines for gear making, fabricated metal products, and power savings through automation and software technology. Secondhand machines and technologically advanced machines coexist in the market, catering to different budgets and production requirements. Key components of a broaching machine include the bed, follower, pulling head, draw head, ram, hydraulic drive, motor, and tool support adaptor. Milling machines, boring machines, drilling machines, and lathes are alternative machining solutions, but broaching machines offer unique advantages for specific applications. The market for broaching machines is expected to grow, driven by the increasing demand for high-precision components in various industries.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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