Vijay Analytics

Allied Market Research has released a comprehensive study on the broaching machine market , projecting that the industry is expected to achieve a revenue of $394.6 million by 2026. The market was valued at $245.3 million in 2018 and is anticipated to grow at a CAGR of 6.0% from 20 19 to 20 26 . The report includes insights into various segments categorized by both type and end user , providing an in-depth analysis of growth opportunities and trends. This detailed examination aims to assist companies in making informed investment decisions within the sector.   Trends analysis   The industry has witnesse d prominent growth due to huge investments in defense and rapid expansion of the automotive industry. Moreover, rapid technological innovations such as CAD system s , CNC, automation, and koFAKTORlab are expected to increase the demand for efficient and superior-quality broaching machines. However , surge in the number of sellers and suppliers of used machines r...