Europe Broaching Tools Market Trends and Analysis by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Europe Broaching Tools Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Internal Broaches, External Broaches, and Special Broaches) and End User (Manufacturing, Automotive, Aerospace and Defense, Construction, and Others)

Report Date : Jun 2021
Report Code : TIPRE00023044

Category : Manufacturing and Construction
Status : Published

Available Report Formats :
No. of Pages : 100

Page Updated: Jun 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Europe broaching tools market is expected to grow from US$ 34.77 million in 2021 to US$ 46.04 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.

The UK, France, Germany, Italy, and Russia are major economies in Europe. Escalating automotive production is expected to surge the Europe broaching tools market. In recent years, there is an increase in demand for high-end automotive, resulting in increased vehicle production, mainly in the developed regions such as Europe. Moreover, the demand for commercial vehicles and passenger cars, primarily in developing nations, is increasing. Broaching tools are widely utilized in automotive sector to manufacture gears, transmission shafts, steering wheel hubs, steering yokes, and others. According to the Center for Automotive Research, a non-profit organization, in 2018, automakers such as FCA, GM, Ford, Hyundai, Nissan, Volkswagen, and Toyota invested US$ 4.8 billion in the automotive industry. In addition, automotive investment in research and development (R&D) has increased by 6.7% to reach US$ 67.09 billion annually in Europe. Thus, rising demand for high-end vehicles and increasing vehicle production is boosting the adoption of broaching tools in the automotive industry across Europe region. Other factors such as growing manufacturing sector is also expected to drive the Europe broaching tools market.

In case of COVID-19, France is the hardest-hit country by the outbreak in Europe, followed by Russia, the UK, and Italy. The outbreak has created significant disruptions in primary industries such as manufacturing, healthcare, energy & power, electronics & semiconductor, aerospace & defense, and construction. A significant decline in the growth of mentioned industrial activities is impacting the performance of the Europe broaching tools market. The reimplementation’s of containments measures such travel restrictions, trade bans, and workforce limitation at workplaces has impacted manufacturing, supply, and sales of various businesses, including industrial equipment such as broaching tools. Majority of European countries are expected to suffer an economic hit due to a lack of revenue from various industries. Due to business shutdown, travel bans, and supply chain disruption, the region is anticipated to face an economic slowdown in 2021 as well. European countries contribute a significant share to the broaching tools market owing to presence of huge automotive and aerospace & defense sectors. However, the supply chain disruptions have led to a decline in revenues of market players operating in the European region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe broaching tools market. The Europe broaching tools market is expected to grow at a good CAGR during the forecast period.

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Europe Broaching Tools Market Segmentation

Europe Broaching Tools Market – By Type

Internal Broaches
External Broaches
Special Broaches

Europe Broaching Tools Market – By End User

Manufacturing
Automotive
Aerospace and Defense
Construction
Others

Europe Broaching Tools Market, by Country

France
Germany
UK
Italy
Russia
Rest of Europe

Europe Broaching Tools Market -Companies Mentioned

American Broach & Machine Company
Arthur Klink Gmbh
Blohm Jung Gmbh
Ekin S. Coop
Messer Räumtechnik Gmbh & Co. KG
Mitsubishi Heavy Industries Machine Tool Co., Ltd.
Nachi-Fujikoshi Corp

Europe Broaching Tools Report Scope

Report Attribute	Details
Market size in 2021	US$ 34.77 Million
Market Size by 2028	US$ 46.04 Million
Global CAGR (2021 - 2028)	4.1%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Internal Broaches External Broaches Special Broaches By End User Manufacturing Automotive Aerospace and Defense Construction
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	American Broach & Machine Company Arthur Klink Gmbh Blohm Jung Gmbh Ekin S. Coop Messer R

Research Manager

Nivedita Upadhyay

Manager,
Market Research & Consulting

Nivedita is an accomplished research professional with over 9 years of experience in Market Research and Business Consulting. Currently serving as a Project Manager in the ICT domain at The Insight Partners, she brings deep expertise in managing and executing Syndicated, Custom, Subscription-based, and Consulting research assignments across diverse technology sectors.

With a proven track record of delivering data-driven analysis and actionable insights, Nivedita has been a key contributor to several critical projects. Her work involves end-to-end project execution—right from understanding client objectives, analyzing market trends, to deriving strategic recommendations. She has collaborated extensively with leading ICT companies, helping them identify market opportunities and navigate industry shifts.

Nivedita holds an MBA in Management from IMS, Dehradun. Prior to joining The Insight Partners, she gained valuable experience at MarketsandMarkets and Future Market Insights in Pune, where she held various research roles and built a strong foundation in industry analysis and client engagement.

What are the Europe Broaching Tools Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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