New York, 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.
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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 a gradual change in height from the first cut tooth to the last cut tooth. Broaching is especially useful for inner surfaces such as holes and internal gears, but it can also form external gears and planes. Broaching tools are usually hydraulically operated. Broaching tools are the simplest of all machine tools. The broaching tool consists of a broach device, a work holder, a drive mechanism, and an appropriate support frame.
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Market Drivers and Trends
The rising need for high-precision systems and fabricated metal products drives the broaching machines market. These machinery and tools are designed for manufacturing precise custom parts at high speed. They provide several benefits to end users, such as savings in power, cost savings, and high efficiency for high-precision mechanical systems. Using CNC broaching machines for key, gear, and metal cutting benefits manufacturers through energy savings and excellent precision. Electromechanical actuators are progressively replacing hydraulic drives owing to increased overall equipment efficiency by providing better quality products. In recent years, cutting tools such as broaching machines and CNC controls have flagged the way to eliminate hydraulics and replace these broaching machines in many applications.
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Global Broaching Machines Market Segmentation
By Type
- Horizontal Broaching Machine
- Vertical Broaching Machine
- Surface Broaching Machine
- Others
By End User
- Automotive
- Metal Fabrication
- Aerospace & Defense
- Oil & Gas
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Major Players in the Global Broaching Machines Market
The key players studied in the global broaching machines market are Federal Broach & Machine Company (U.S.), General Broach Company (U.S.), Hoffmann Räumtechnik GmbH (Germany), MTE Industries Pvt. Ltd. (India), NACHI-FUJIKOSHI CORP. (Japan), Pilot Precision Products (U.S.), Stenhøj Hydraulik A/S (Denmark), Suntech Landriani Machine Tools Pvt Ltd. (India), The Ohio Broach & Machine Co. (U.S.), and YEOSHE HYDRAULICS GROUP (Taiwan).
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