Metal Cutting Machine Market, By Product, By Application, By Distribution Channel, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
Metal Cutting Machine Market size was valued at USD 5,930.4 Million in 2022, expanding at a CAGR of 5.2% from 2023 to 2030.
Metal cutting machines (MCM) are pieces of power-driven machinery that cut or remove portions of a workpiece to shape and size specifications. Waterjet, flame, plasma, and laser are a few typical product types. These devices are widely utilized in many different applications to cut a variety of ferrous and non-ferrous metals into final products with the required geometry.
Metal Cutting Machine Market- Market Dynamics
Increasing implementation of Industry 4.0 systems, the rising demand for automatic metal-cutting is to propel market demand
Various factors including the expanding adoption of Industry 4.0 systems, the growing need for automated metal-cutting technology, and the rapidly expanding global building and construction sector, metal-cutting machines are in high demand. The increasing demand for metal goods across a range of industries has led to a steady growth in the market in recent years. Improvements in metal cutting technology have led to the development of more creative cutting tools, which have raised output, reduced waste, and improved the overall quality of metal goods. The market is expanding due to the rise in demand for metal-cutting equipment from different industries.
By facilitating real-time data interchange, industry 4.0 technologies like automation, data analytics, and the Internet of Things (IoT) are being used more frequently to maximize laser-cutting machine productivity and achieve optimal production. Manufacturers want to increase output, reduce downtime, and run their businesses more profitably, all of these factors are boosting the demand for metal-cutting machines.
Metal Cutting Machine Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.2% over the forecast period (2023-2030)
Based on Product segmentation, laser cutting machine segment was predicted to show maximum market share in the year 2022, owing to its high precision in cutting.
Based on Application segmentation, automotive segment was the leading Product in 2022, mainly due to high production of cars and other passenger vehicles.
Based on Distribution Channel segmentation, Offline segment was the leading segment in 2022, mainly due to high demand from offline sales partners.
On the basis of region, Asia Pacific was the leading revenue generator in 2022, owing to large automotive industry across China, Japan, etc.
Metal Cutting Machine Market- Segmentation Analysis:
The Global Metal Cutting Machine Market is segmented on the basis of Product, Application, Distribution Channel, and Region.
The market is divided into four categories based on Product: laser cutting machine, waterjet cutting machine, plasma cutting machine, and flame cutting machine. The laser cutting machine segment dominates the market. The high-power efficiency and precision in metal cutting is boosting segment growth.
The market is divided into six categories based on Application: automotive, defense & aerospace, construction, marine, electrical & electronics, and others. The automotive segment dominates the market and is likely to maintain its dominance during the forecast period. These machines are widely used to cut different interior and exterior components of vehicles.
The market is divided into two categories based on Distribution Channel: online and offline. The offline segment dominates the market and is likely to maintain its dominance during the forecast period. The larger network of offline channel partners selling components is contributing to segment growth.
Metal Cutting Machine Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Metal Cutting Machine Market- Competitive Landscape:
The market is formed by stiff competition, with some numbers of market players holding a sizable chunk of the industry. The manufacturers employ a range of tactics, such as acquisitions, joint ventures, product development, expansions into new markets, and mergers, to increase their market share and meet the evolving technological needs of diverse industries, including automotive, defense & aerospace, construction, marine, electrical & electronics, and others.
Recent Developments:
In February 2023, AMADA Co. Ltd. proclaimed the introduction of its NC equipment 'AMNC 4ie' for fiber laser cutting and press brakes.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL METAL CUTTING MACHINE MARKET KEY PLAYERS
TRUMPF
Komatsu America
AMADA Co. Ltd.
ESAB Corporation
Bystronic Laser AG
WARDJet
Koike Aronson, Inc.
Nissan Tanaka Corporation
Lincoln Electric Company
Water Jet Sweden AB
Flow International Corporation
Coherent Corp.
Messer Cutting Systems GmbH
Omax Corporation
Boye Laser Applied Technology Co., Ltd.
Others
GLOBAL METAL CUTTING MACHINE MARKET, BY PRODUCT
Laser cutting machine
Waterjet cutting machine
Plasma cutting machine
Flame cutting machine
GLOBAL METAL CUTTING MACHINE MARKET, BY APPLICATION
Automotive
Defense & aerospace
Construction
Marine
Electrical & electronics
Others
GLOBAL METAL CUTTING MACHINE MARKET, BY DISTRIBUTION CHANNEL
Online
Offline
GLOBAL METAL CUTTING MACHINE MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Metal Cutting Machine Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Metal Cutting Machine Market Snippet by Product
2.1.2. Metal Cutting Machine Market Snippet by Application
2.1.3. Metal Cutting Machine Market Snippet by Distribution Channel
2.1.4. Metal Cutting Machine Market Snippet by Country
2.1.5. Metal Cutting Machine Market Snippet by Region
2.2. Competitive Insights
3. Metal Cutting Machine Key Market Trends
3.1. Metal Cutting Machine Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Metal Cutting Machine Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Metal Cutting Machine Market Opportunities
3.4. Metal Cutting Machine Market Future Trends
4. Metal Cutting Machine Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Metal Cutting Machine Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Metal Cutting Machine Market Landscape
6.1. Metal Cutting Machine Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Metal Cutting Machine Market - By Product
7.1. Overview
7.1.1. Segment Share Analysis, By Product, 2022 & 2030 (%)
7.1.2. Laser cutting machine
7.1.3. Waterjet cutting machine
7.1.4. Plasma cutting machine
7.1.5. Flame cutting machine
8. Metal Cutting Machine Market - By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2022 & 2030 (%)
8.1.2. Automotive
8.1.3. Defense & aerospace
8.1.4. Construction
8.1.5. Marine
8.1.6. Electrical & electronics
8.1.7. Others
9. Metal Cutting Machine Market - By Distribution Channel
9.1. Overview
9.1.1. Segment Share Analysis, By Distribution Channel, 2022 & 2030 (%)
9.1.2. Online
9.1.3. Offline
10. Metal Cutting Machine Market- By Geography
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2022 & 2030 (%)
10.2. North America
10.2.1. Overview
10.2.2. Metal Cutting Machine Key Manufacturers in North America
10.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
10.2.4. North America Market Size and Forecast, By Product, 2018 - 2030 (US$ Million)
10.2.5. North America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
10.2.6. North America Market Size and Forecast, By Distribution Channel, 2018 - 2030 (US$ Million)