Broaching Machine Market Size, Share and Trends 2025 to 2034

Broaching Machine Market Size and Forecast 2025 to 2034

The global broaching machine market size accounted for USD 1.62 billion in 2024 and is predicted to increase from USD 1.69 billion in 2025 to approximately USD 2.45 billion by 2034, expanding at a CAGR of 4.21% from 2025 to 2034. The market is witnessing steady growth due to rising demand for precision machining across industries such as automotive, aerospace, and manufacturing. Broaching machines are widely used for creating complex and accurate shapes in metal components, offering high productivity and efficiency.

Broaching Machine Market Key Takeaways

• Asia Pacific led the broaching machine market with the largest share of 35% in 2024.
• North America is estimated to grow at the fastest CAGR between 2025 and 2034.
• The European market has been expanding at a considerable rate in recent years.
• By material, the metal segment dominated the market in 2024.
• By material, the composite material segment is anticipated to grow at a remarkable CAGR between 2025 and 2034.
• By type, the horizontal broaching machines segment held the largest market share in 2024.
• By type, the vertical broaching machines segment is anticipated to grow at a remarkable CAGR between 2025 and 2034.
• By application, the automotive segment contributed the biggest market share in 2024.
• By application, the aerospace segment is anticipated to grow at a remarkable CAGR between 2025 and 2034.
• By end-user, the manufacturing segment held the major market share in 2024.
• By end-user, the repair and maintenance segment is anticipated to grow at a remarkable CAGR between 2025 and 2034.

How is Artificial Intelligence (AI) Impacting Broaching Machines?

Artificial intelligence is significantly reshaping the broaching machine market by enhancing precision, efficiency, and automation in machine operation. AI-powered systems are enabling real-time monitoring and predictive maintenance of broaching machines, reducing downtime and improving productivity. Smart sensors and machine learning algorithms collect and analyze data from the machines, optimizing cutting speeds, tool paths, and material usage for greater accuracy and consistency.

Additionally, AI is streamlining quality control processes by automatically detecting defects and deviations during production, ensuring higher standards in component manufacturing. Recent developments include AI-generated CNC broaching solutions and meeting and industrial sectors for precision and speed. 

• In 2024, manufacturers like nachi-fujoshi and American Borach and Machine Company introduced AI-enabled broaching machines capable of self-diagnosis and process optimization, reducing energy consumption and extending AI as a key driver in the future growth of the broaching machine market. 

Asia Pacific Broaching Machine Market Size and Growth 2025 to 2034

The Asia Pacific broaching machine market size was exhibited at USD 567.00 million in 2024 and is projected to be worth around USD 869.75 billion by 2034, growing at a CAGR of 4.31% from 2025 to 2034.

Asia Pacific dominated the broaching machine market in 2024. Countries like China, Japan, and India are major contributors. Government initiatives promoting industrial automation and local manufacturing, such as India’s Make in India and China’s Made in China 2025, are driving significant investments in machine tools, including broaching machines.

• In January 2025, Nachi-Fujikoshi Corp. unveiled a hybrid electro-hydraulic broaching machine at the Tokyo Manufacturing Expo, targeting Electric Vehicle component manufacturing, with 35% increased energy efficiency compared to conventional machines.

North America is observed to be the fastest growing region in the broaching machine market during the forecast period. The rapid rate of growth is primarily due to the region's strong presence in the automotive, aerospace, and defense sectors, which rely heavily on precision manufacturing. The U.S. remains the primary contributor, as the U.S. government’s emphasis on revitalizing domestic manufacturing, along with the adoption of advanced CNC and AI-integrated broaching systems, has strengthened the market further.

• In February 2025, American Broach & Machine Co. announced its partnership with Lockheed Martin to supply high-precision broaching machines for aerospace defense projects, focusing on lightweight materials and energy-efficient manufacturing.

The European broaching machine market has been observed to be expanding at a considerable rate in recent years, particularly driven by Germany, Italy, and France, where automotive and aerospace manufacturing hubs are integrating Industry 4.0 solutions into broaching machines. The EU Green Deal has also stimulated demand for energy-efficient manufacturing equipment, prompting several companies to upgrade their broaching systems.

• In March 2025, Mitsubishi Heavy Industries Europe launched an AI-enabled vertical broaching machine at the Hannover Messe 2025, designed specifically for aerospace composite materials, reducing cycle times by 20% and enhancing tool life.

Market Overview  

The broaching machine market has experienced consistent growth over recent years, primarily driven by advancements in manufacturing technologies, increasing demand for precision machining, and the rising adoption of automation. Key consumer trends influencing this market include the shift toward automated and CNC-controlled broaching systems, which provide enhanced accuracy, speed, and efficiency. Industries such as automotive, aerospace, and heavy machinery are increasingly demanding broaching machines that offer high precision and lower production times. Moreover, there is a growing inclination toward energy-efficient and AI-integrated broaching solutions, which not only improve productivity but also reduce operational costs. 

Top 5 Countries in the Market

Broaching Machine Market Growth factors 

• Increasing demand for precision machining: The rising requirement for high-precision components in industries like aerospace, automotive, and medical devices is fueling the demand for advanced broaching machines.
• Expansion of automotive and aerospace sectors: Rapid advancements in electric vehicles and the aerospace sector’s need for lightweight, durable components in high-performance broaching solutions.
• Shift toward sustainable and energy-efficient machines: Manufacturing is focusing on developing eco-friendly and energy-efficient broaching machines, aligning with global sustainability goals, and reducing the total cost of ownership.
• Government initiatives: Governments in Asia-Pacific and Europe are investing in advanced manufacturing technologies, creating opportunities for broaching machine manufacture for broaching machine manufacturers to expand in developing economies like India, China, and Brazil.

Market Scope

Market Dynamics

Drivers

Rising demand for precision machining in the automotive and aerospace sectors

As manufacturers aim for tighter tolerances and enhanced productivity, broaching machines offer highly accurate finishing operations that are essential for producing complex components such as gears, splines, and keyways. Additionally, the shift toward automated manufacturing and Industry 4.0 integration is boosting the adoption of CNC-controlled and hydraulic broaching machines. These advancements ensure higher efficiency, reduced cycle times, and lower human intervention.

Restraint

High initial investment and maintenance costs

Despite technological advances, the market faces a key restraint in the high initial investment and maintenance costs associated with broaching machines, especially CNC and automated variants. Small and medium-sized enterprises (SMEs) often struggle to justify the capital expenditure required, particularly in developing regions where budget constraints and limited access to advanced technologies are common. Furthermore, the specialized skill set required for machine operation and maintenance poses an additional barrier to widespread adoption.

Opportunities 

Lightweight and complex-shaped components in the electric vehicle (EV) sector

The growing demand for lightweight and complex-shaped components in the electric vehicle (EV) sector presents significant opportunities for the broaching machine market. EV components often require high precision and a surface finish, for which broaching machines are well-suited. In addition, the rise of smart manufacturing initiatives is supported by government policies.

Type Insights

The horizontal broaching machines segment held the largest broaching machine market share in 2024, primarily due to their widespread use in automotive and industrial applications. These machines are highly efficient for internal keyways, splines, and surface broaching, making them the preferred choice for mass production. The automotive industry heavily relies on horizontal broaching for engine components, gears, and transmission parts.  

On the other hand, the vertical broaching machines segment is anticipated to grow at a remarkable CAGR between 2025 and 2034, especially in the aerospace and defense sectors, where precision and space-saving designs are crucial. These machines are preferred for broaching turbine components, gear teeth, and firearm parts. The integration of CNC automation in vertical broaching has further accelerated its adoption. 

Material Type Insights

The metal segment dominated the broaching machine market, primarily because of the high volume of metal machining applications in the automotive, aerospace, and heavy machinery industries. The broaching process is widely used to create internal keyways, splines, and other features in steel, aluminum, and titanium components, which are standard materials in these sectors.

On the other hand, the composite materials segment is anticipated to grow at a remarkable CAGR between 2025 and 2034 due to the increased use of lightweight composites in the aerospace and automotive industries, especially for EVs and aircraft. Manufacturers are developing specialized broaching tools and machines capable of handling abrasive composite materials without compromising surface quality or structural integrity.

Application Insights

The automotive segment led the broaching machine market. This dominance is due to the increasing demand for precision-machined components, such as gears, splines, and transmission parts. As the automotive industry moves towards electric vehicles (EVs), there is a growing need for lightweight, complex parts that require precision broaching, boosting the demand for advanced broaching machines in this sector.

However, the aerospace segment is anticipated to grow at a remarkable CAGR between 2025 and 2034. Aerospace components demand extreme precision and high strength, and broaching machines offer an ideal solution for producing turbine discs, fuselage components, and landing gear systems. Additionally, government initiatives supporting aerospace manufacturing in North America and Europe have led to the increased adoption of high-end CNC and hydraulic broaching machines in this sector.

End-User Insights

The manufacturing segment held the largest broaching machine market share in 2024. This sector demands high-volume production with consistent precision, making broaching an ideal process for the large-scale manufacturing of automotive, aerospace, and industrial components.
The segment is anticipated to grow at a remarkable CAGR between 2025 and 2034, especially within the aerospace and marine industries, where retrofit parts and maintenance components require precision broaching for longevity and performance.

Broaching Machine Market Companies

• Star SU
• A. Dwyer 
• Cincinnati Milacron 
• Honnen Equipment 
• CNC Broach Tool 
• Mitsubishi Heavy Industries 
• Schmidt and Heinzmann 
• Komet 
• Hegenscheidt 
• Harris Machine Tools 
• Gleason 
• Broach Masters 

Recent Development

• In February 2025, India’s Defense Research and Development Organization (DRDO) collaborated with local machine tool manufacturers to integrate advanced broaching machines in the production of missile components, with production line upgrades completed, improving output quality and speed by 25%.

Segments Covered in the Report

By Material 

• Metal
• Plastic
• Composite

By Type

• Horizontal Broaching Machines
• Vertical Broaching Machines
• Continuous Broaching Machines
• Band Broaching Machines

By Application 

• Automotive
• Aerospace
• Industrial Equipment
• Marine
• Oil and Gas

By End-Use 

• Manufacturing
• Repair and Maintenance

By Geography

• North America
• Latin America
• Europe
• Asia-pacific
• Middle and East Africa