Asia Pacific Broaching Machine Market Size & Outlook

The broaching machine market in Asia Pacific is expected to reach a projected revenue of US$ 242.0 million by 2030. A compound annual growth rate of 5.1% is expected of Asia Pacific broaching machine market from 2024 to 2030.
Revenue, 2023 (US$M)
$170.6
Forecast, 2030 (US$M)
$242.0
CAGR, 2024 - 2030
5.1%
Report Coverage
Asia Pacific

Asia Pacific broaching machine market, 2018-2030 (US$M)

Asia
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Asia Pacific broaching machine market highlights

  • The Asia Pacific broaching machine market generated a revenue of USD 170.6 million in 2023.
  • The market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
  • In terms of segment, horizontal broaching machine was the largest revenue generating type in 2023.
  • Horizontal Broaching Machine is the most lucrative type segment registering the fastest growth during the forecast period.


Asia Pacific data book summary

Market revenue in 2023USD 170.6 million
Market revenue in 2030USD 242.0 million
Growth rate5.1% (CAGR from 2023 to 2030)
Largest segmentHorizontal broaching machine
Fastest growing segmentHorizontal Broaching Machine
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHorizontal Broaching Machine
Key market players worldwideMitsubishi Heavy Industries Ltd, Apex Broaching Systems, Broaching Machine Specialties, Colonial Tool, The Ohio Broach and Machine Company, Pioneer Broach Company, Axisco Precision Machinery


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 37.7% of the global broaching machine market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 242.0 million by 2030.

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Broaching Machine Market Scope

Broaching machine market segmentation & scope
Vertical Broaching Machine
Surface Broaching Machine
Others
End Use
Automotive
Aerospace & Defense
Industrial Machinery
Metalworking & Fabrication
Others
Countries
Brazil
Argentina
Denmark
Germany
France
Italy
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
Japan
India
South Korea
Thailand

Broaching Machine Market Companies

Name Profile # Employees HQ Website

Asia Pacific broaching machine market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to broaching machine market will help companies and investors design strategic landscapes.


Horizontal broaching machine was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific broaching machine market based on horizontal broaching machine covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of broaching machine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific broaching machine market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific broaching machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific broaching machine market

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