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The broaching machines market size is forecast to increase by USD 109.1 million at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for metal cutting solutions in various industries, particularly gear making and fabricated metal products. The integration of advanced technologies such as CNC controls, servo drives, and electro-mechanical actuators has enabled broaching machines to offer higher precision and productivity. Moreover, the collaboration of automation solution providers with broaching machine companies is further enhancing the capabilities of these machines. However, the market is also facing challenges, including price competition due to volatile input costs and the need for heavy industrial equipment maintenance. Hydraulic drives and ball screws continue to be popular choices for power transmission in broaching machines, while the adoption of CNC controls and high-performance motors is increasing.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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