World - Broaching Machines For Working Metal - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the global market trends for metal broaching machines, including consumption, production, imports, and exports. The market is projected to see growth in both volume and value terms from 2022 to 2030. Key findings include fluctuations in consumption patterns, highest consuming and producing countries, import and export trends, and variations in prices by country of origin.
Market Forecast
Driven by increasing demand for broaching machines for working metal worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market volume to 69K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.4% for the period from 2022 to 2030, which is projected to bring the market value to $553M (in nominal prices) by the end of 2030.
Consumption
World Consumption of Broaching Machines For Working Metal
In 2022, consumption of broaching machines for working metal decreased by -14.4% to 53K units for the first time since 2017, thus ending a four-year rising trend. In general, the total consumption indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.4% against 2017 indices. Over the period under review, global consumption hit record highs at 61K units in 2021, and then dropped in the following year.
The global metal broaching machine market revenue reduced dramatically to $336M in 2022, with a decrease of -28.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $468M, and then fell markedly in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Japan (15K units), the UK (13K units) and the United States (8.3K units), with a combined 68% share of global consumption. Sweden, the Netherlands, India and Italy lagged somewhat behind, together accounting for a further 21%.
From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +31.7%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest metal broaching machine markets worldwide were the United States ($107M), Japan ($75M) and India ($34M), together accounting for 64% of the global market. Italy, Sweden, the UK and the Netherlands lagged somewhat behind, together accounting for a further 17%.
In terms of the main consuming countries, Italy, with a CAGR of +31.7%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of metal broaching machine per capita consumption was registered in Sweden (702 units per million persons), followed by the UK (186 units per million persons), Japan (120 units per million persons) and the Netherlands (79 units per million persons), while the world average per capita consumption of metal broaching machine was estimated at 6.7 units per million persons.
In Sweden, metal broaching machine per capita consumption expanded at an average annual rate of +28.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+14.8% per year) and Japan (+9.1% per year).
Production
World Production of Broaching Machines For Working Metal
After four years of growth, production of broaching machines for working metal decreased by -15.4% to 56K units in 2022. Over the period under review, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, global production reached the maximum volume at 95K units in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
In value terms, metal broaching machine production declined to $307M in 2022 estimated in export price. In general, production continues to indicate a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. As a result, production reached the peak level of $406M. From 2014 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were Japan (19K units), the UK (14K units) and the United States (8.4K units), with a combined 74% share of global production. Sweden, the Netherlands and Italy lagged somewhat behind, together accounting for a further 18%.
From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +29.9%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Broaching Machines For Working Metal
In 2022, the amount of broaching machines for working metal imported worldwide fell notably to 6.1K units, which is down by -31.1% on the year before. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 33% against the previous year. Over the period under review, global imports hit record highs at 23K units in 2015; however, from 2016 to 2022, imports failed to regain momentum.
In value terms, metal broaching machine imports contracted to $55M in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 10% against the previous year. Over the period under review, global imports reached the peak figure at $189M in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
Imports By Country
The countries with the highest levels of metal broaching machine imports in 2022 were India (982 units), South Africa (756 units), the UK (682 units), Myanmar (544 units), Vietnam (535 units) and the United States (515 units), together finishing at 66% of total import. Indonesia (189 units), the United Arab Emirates (151 units), the Philippines (141 units), Portugal (126 units), South Korea (115 units), Mexico (104 units) and Singapore (102 units) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +72.6%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, Mexico ($8.7M), India ($7.1M) and the UK ($4.3M) constituted the countries with the highest levels of imports in 2022, with a combined 36% share of global imports.
The UK, with a CAGR of +32.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average metal broaching machine import price amounted to $9,050 per unit, with an increase of 24% against the previous year. In general, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2016 when the average import price increased by 28%. Global import price peaked at $15,626 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($83,833 per unit), while South Africa ($24 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+15.4%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Broaching Machines For Working Metal
In 2022, approx. 9.1K units of broaching machines for working metal were exported worldwide; reducing by -30.7% against the year before. Overall, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of 43%. The global exports peaked at 77K units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, metal broaching machine exports stood at $58M in 2022. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 12% against the previous year. Over the period under review, the global exports attained the peak figure at $158M in 2013; however, from 2014 to 2022, the exports failed to regain momentum.
Exports By Country
Japan represented the major exporter of broaching machines for working metal in the world, with the volume of exports resulting at 4.5K units, which was approx. 49% of total exports in 2022. The UK (1,606 units) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by the United States (6.6%) and Germany (4.7%). Italy (381 units), India (333 units), South Korea (282 units), China (185 units) and Hungary (137 units) held a little share of total exports.
Exports from Japan decreased at an average annual rate of -10.4% from 2012 to 2022. At the same time, Hungary (+52.6%) and China (+19.6%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of +52.6% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, India (-5.4%), Italy (-11.4%), South Korea (-13.7%), Germany (-26.2%) and the UK (-29.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan, the United States, India, Italy, China, South Korea and Hungary increased by +32, +5.8, +2.9, +2.5, +2, +1.5 and +1.5 percentage points, respectively.
In value terms, Japan ($18M), Germany ($12M) and Italy ($6.9M) constituted the countries with the highest levels of exports in 2022, together comprising 64% of global exports. The United States, China, the UK, South Korea, India and Hungary lagged somewhat behind, together accounting for a further 21%.
Hungary, with a CAGR of +122.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.
Export Prices By Country
The average metal broaching machine export price stood at $6,405 per unit in 2022, rising by 58% against the previous year. In general, the export price recorded a remarkable increase. The growth pace was the most rapid in 2013 an increase of 209%. The global export price peaked at $8,308 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($29,037 per unit), while Hungary ($297 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+45.5%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global metal broaching machine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28412410 - Broaching machines for working metal
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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