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Broaching Machines Market is Projected to Clock a CAGR of 3.7% During 2022-2028

Broaching machine, tool for finishing surfaces by drawing or pushing a cutter called a broach entirely over and past the surface. A broach has a series of cutting teeth arranged in a row or rows, graduated in height from the teeth that cut first to those that cut last. Since the total depth of cut is distributed over all the teeth, each tooth removes only a few thousandths of an inch. Broaching is particularly suitable for internal surfaces such as holes and internal gears, but it can also shape external gears and flat surfaces. Broaching machines are usually hydraulically operated.

Due to the COVID-19 pandemic, the global Broaching Machines market size is estimated to be worth US$ 307.9 million in 2022 and is forecast to a readjusted size of US$ 382.9 million by 2028 with a CAGR of 3.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Vertical Broaching Machine accounting for % of the Broaching Machines global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automotive segment is altered to an % CAGR throughout this forecast period.

The major players in global Broaching Machines market include Nachi-Fujikoshi, Ekin, Mitsubishi Heavy Industries, etc. The top 3 players occupy over 15% shares of the global market. Asia Pacific and Europe are main markets, they occupy about 65% of the global market. Vertical Broaching Machine is the main type, with a share about 60%. Automotive is the main application, which holds a share about 35%.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Vertical Broaching Machine
  • Horizontal Broaching Machine

Segment by Application

  • Automotive
  • Metal Fabrication
  • Energy
  • Aerospace and Defense
  • Others

By Company

  • Nachi-Fujikoshi
  • Ekin
  • Mitsubishi Heavy Industries
  • Forst Technologie
  • Hoffmann Räumtechnik
  • American Broach & Machine
  • Zhejiang Chr Intelligent Equipment
  • The Ohio Broach & Machine
  • Apex Broaching Systems
  • Gagan Hydraulics
  • Axisco Precision Machinery
  • Ohtori Kiko
  • Steelmans Group
  • Yao Sheng
  • Stenhoj Hydraulik
  • Sunny Enterprises
  • Yeoshe Hydraulics
  • Andy Machine Tools

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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