Persistence Market Research has recently released an extensive report on the global Cutting Equipment Market, offering detailed insights into its key dynamics, growth trends, opportunities, and challenges. This report aims to provide industry stakeholders with a comprehensive understanding of the market landscape and facilitate informed decision-making.
Projected Market Value (2031F): Nearly US$ 6.8 Billion
Global Market Growth Rate (CAGR 2024 to 2031): 7.1%
Cutting Equipment Market - Report Scope:
The global cutting equipment market encompasses a wide array of technologies and tools used for precision cutting across industries such as construction, automotive, shipbuilding, and heavy metal fabrication. Cutting technologies, including plasma, oxy-fuel, laser, waterjet, and carbon arc cutting, are pivotal in fabrication and manufacturing processes. The market has been experiencing steady growth driven by increasing industrial automation and technological advancements. Cutting equipment is available in manual and mechanized variants, with each catering to specific end-use applications. This diversity has solidified the market's presence across various industries worldwide.
Market Drivers:
The rising demand for mechanized cutting equipment, particularly in fabrication, is a key driver of the market. In developed regions like North America and Europe, the shortage of skilled labor has spurred the adoption of cutting automation technologies. This trend has been further amplified by the growing labor costs, which increase manufacturing expenses, particularly in developed countries. Cutting robots and advanced mechanized equipment are being increasingly utilized to mitigate dependency on manpower and enhance precision. Furthermore, rapid industrialization and growth in sectors such as automotive, construction, and shipbuilding are contributing significantly to the market's expansion, especially in the Asia Pacific region.
Market Restraints:
Despite its positive growth trajectory, the cutting equipment market faces notable challenges. The high cost of mechanized cutting equipment acts as a barrier, particularly for small and medium enterprises. Manufacturers are predominantly based in North America and Europe, leading to limited adoption of advanced cutting technologies in price-sensitive Asian markets. Additionally, the integration of such technologies into existing manufacturing systems can be resource-intensive and complex, further restraining market growth.
Market Opportunities:
The increasing focus on automation in industries presents a lucrative opportunity for the cutting equipment market. As companies prioritize efficiency and precision, demand for advanced cutting technologies like laser and plasma cutting is expected to rise. Additionally, the rapid growth of end-use industries such as construction, shipbuilding, and automotive in emerging economies offers significant potential for market expansion. Developing regions are also witnessing a gradual adoption of mechanized and automated cutting technologies, driven by industrial modernization efforts.
Key Questions Answered in the Report:
What factors are driving the growth of the global cutting equipment market?
How are automation and mechanized cutting technologies influencing market trends?
What challenges does the cutting equipment market face, and how can they be mitigated?
Which regions are expected to witness the highest growth during the forecast period?
Who are the key players in the market, and what strategies are they employing to maintain a competitive edge?
How are end-use industries such as automotive, construction, and shipbuilding impacting market dynamics?
What role do advancements in cutting technologies like laser and plasma cutting play in shaping the market's future?
How does the adoption of cutting equipment differ between developed and developing regions?
Competitive Intelligence and Business Strategy:
Prominent players in the cutting equipment market, including ESAB, Lincoln Electric, Colfax Corporation, and Koike Aronson, are investing in research and development to introduce innovative solutions. Companies are also focusing on strategic partnerships and acquisitions to expand their product portfolios and global reach. The increasing use of cutting robots and automation technologies further highlights the competitive landscape's emphasis on reducing operational costs and enhancing productivity.
Key Companies Profiled:
The Lincoln Electric Company
Colfax Corporation
Illinois Tool Works
Ador Welding Ltd.
Jet Edge, Inc.
DAIHEN Corporation
Hypertherm Inc.
GCE HOLDING AB
Amada Miyachi America, Inc.
KOIKE ARONSON INC
WB ALLOY WELDING PRODUCTS LTD.
Kennametal Inc.
CERATIZIT S.A.
OMAX Corporation
Flow International Corporation
Barton International Inc.
Wardjet Inc.
Opta Minerals Inc.
V.VMinerals
Others
Cutting Equipment Market Segmentation:
By Equipment Type:
Manual
Mechanized
By Cutting Technology:
Plasma Cutting
Oxy-fuel Cutting
Laser Cutting
Waterjet Cutting
Carbon Arc Cutting
By End-Use Industry:
Construction
Heavy Metal Fabrication
Shipbuilding & Offshore
Automotive
Others
By Type:
Equipment
Consumables/Accessories
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
Table of Contents
1. Executive Summary
1.1. Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Viewpoint
3.1. Macro-Economic Factors
4. Global Cutting Equipment Market Analysis 2019 - 2023 and Forecast 2024 - 2031
4.1. Introduction
4.1.1. Market Volume Projections
4.1.2. Market Size and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Value Chain
4.3. Dynamics
5. Global Cutting Equipment Market Analysis 2019 - 2023 and Forecast 2024 - 2031 By Cutting Technology
5.1. Introduction / Key Findings
5.2. Historical Market Size (US$ Bn) and Volume Analysis By Cutting Technology, 2019 - 2023
5.3. Current Market Size (US$ Bn) and Volume Forecast By Cutting Technology, 2024 - 2031
5.3.1. Plasma
5.3.2. Oxy-fuel
5.3.3. Laser
5.3.4. Waterjet
5.3.5. Carbon Arc
5.4. Market Attractiveness Analysis By Cutting Technology
6. Global Cutting Equipment Market Analysis 2019 - 2023 and Forecast 2024 - 2031 By Equipment Type
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Bn) and Volume Analysis By Equipment Type, 2019 - 2023
6.3. Current Market Size (US$ Bn) and Volume Forecast By Equipment Type, 2024 - 2031
6.3.1. Manual
6.3.2. Mechanized
6.4. Market Attractiveness Analysis By Equipment Type
7. Global Cutting Equipment Market Analysis 2019 - 2023 and Forecast 2024 - 2031 By End-use
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Bn) and Volume Analysis By End-use, 2019 - 2023
7.3. Current Market Size (US$ Bn) and Volume Forecast By End-use, 2024 - 2031
7.3.1. Construction
7.3.2. Heavy Equipment Fabrication
7.3.3. Shipbuilding & Offshore
7.3.4. Automotive & Transportation
7.3.5. Others
7.4. Market Attractiveness Analysis By End-use
8. Global Cutting Equipment Market Analysis 2019 - 2023 and Forecast 2024 - 2031 By Region
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019 - 2023
8.3. Current Market Size (US$ Bn) and Volume Forecast By Region, 2024 - 2031
8.3.1. North America
8.3.2. Latin America
8.3.3. Asia Pacific
8.3.4. Europe
8.3.5. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Cutting Equipment Market Analysis 2019 - 2023 and Forecast 2024 - 2031
9.1. Introduction
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019 - 2023
9.3.1. By Country
9.3.2. By Cutting Technology
9.3.3. By Equipment Type
9.3.4. By End-use
9.4. Current Market Size (US$ Bn) and Volume Forecast By Country 2024 - 2031
9.4.1. U.S.
9.4.2. Canada
9.5. Current Market Size (US$ Bn) and Volume Forecast By Cutting Technology 2024 - 2031
9.5.1. Plasma
9.5.2. Oxy-fuel
9.5.3. Laser
9.5.4. Waterjet
9.5.5. Carbon Arc
9.6. Current Market Size (US$ Bn) and Volume Forecast By Equipment Type 2024 - 2031
9.6.1. Manual
9.6.2. Mechanized
9.7. Current Market Size (US$ Bn) and Volume Forecast By End-use 2024 - 2031
9.7.1. Construction
9.7.2. Heavy Equipment Fabrication
9.7.3. Shipbuilding & Offshore
9.7.4. Automotive & Transportation
9.7.5. Others
9.8. Drivers and Restraints: Impact Analysis
9.9. Market Attractiveness Analysis
9.9.1. By Country
9.9.2. By Cutting Technology
9.9.3. By Equipment Type
9.9.4. By End-use
10. Latin America Market Analysis 2019 - 2023 and Forecast 2024 - 2031
10.1. Introduction
10.2. Key Regulations
10.3. Pricing Analysis
10.4. Regional Market Dynamics
10.4.1. Drivers
10.4.2. Restraints
10.4.3. Trends
10.5. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019 - 2023
10.5.1. By Country
10.5.2. By Cutting Technology
10.5.3. By Equipment Type
10.5.4. By End-use
10.6. Current Market Size (US$ Bn) and Volume Forecast By Country 2024 - 2031
10.6.1. Brazil
10.6.2. Mexico
10.6.3. Rest of Latin America
10.7. Current Market Size (US$ Bn) and Volume Forecast By Cutting Technology 2024 - 2031
10.7.1. Plasma
10.7.2. Oxy-fuel
10.7.3. Laser
10.7.4. Waterjet
10.7.5. Carbon Arc
10.8. Current Market Size (US$ Bn) and Volume Forecast By Equipment Type 2024 - 2031
10.8.1. Manual
10.8.2. Mechanized
10.9. Current Market Size (US$ Bn) and Volume Forecast By End-use 2024 - 2031
10.9.1. Construction
10.9.2. Heavy Equipment Fabrication
10.9.3. Shipbuilding & Offshore
10.9.4. Automotive & Transportation
10.9.5. Others
10.10. Drivers and Restraints: Impact Analysis
10.11. Market Attractiveness Analysis
10.11.1. By Country
10.11.2. By Cutting Technology
10.11.3. By Equipment Type
10.11.4. By End-use
11. Europe Market Analysis 2019 - 2023 and Forecast 2024 - 2031
11.1. Introduction
11.2. Key Regulations
11.3. Pricing Analysis
11.4. Regional Market Dynamics
11.4.1. Drivers
11.4.2. Restraints
11.4.3. Trends
11.5. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019 - 2023
11.5.1. By Country
11.5.2. By Cutting Technology
11.5.3. By Equipment Type
11.5.4. By End-use
11.6. Current Market Size (US$ Bn) and Volume Forecast By Country 2024 - 2031
11.6.1. Germany
11.6.2. Italy
11.6.3. France
11.6.4. U.K.
11.6.5. Spain
11.6.6. Russia
11.6.7. Rest of Europe
11.7. Current Market Size (US$ Bn) and Volume Forecast By Cutting Technology 2024 - 2031
11.7.1. Plasma
11.7.2. Oxy-fuel
11.7.3. Laser
11.7.4. Waterjet
11.7.5. Carbon Arc
11.8. Current Market Size (US$ Bn) and Volume Forecast By Equipment Type 2024 - 2031
11.8.1. Manual
11.8.2. Mechanized
11.9. Current Market Size (US$ Bn) and Volume Forecast By End-use 2024 - 2031
11.9.1. Construction
11.9.2. Heavy Equipment Fabrication
11.9.3. Shipbuilding & Offshore
11.9.4. Automotive & Transportation
11.9.5. Others
11.10. Drivers and Restraints: Impact Analysis
11.11. Market Attractiveness Analysis
11.11.1. By Country
11.11.2. By Cutting Technology
11.11.3. By Equipment Type
11.11.4. By End-use
12. Asia Pacific Market Analysis 2019 - 2023 and Forecast 2024 - 2031
12.1. Introduction
12.2. Key Regulations
12.3. Pricing Analysis
12.4. Regional Market Dynamics
12.4.1. Drivers
12.4.2. Restraints
12.4.3. Trends
12.5. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019 - 2023
12.5.1. By Country
12.5.2. By Cutting Technology
12.5.3. By Equipment Type
12.5.4. By End-use
12.6. Current Market Size (US$ Bn) and Volume Forecast By Country 2024 - 2031
12.6.1. China
12.6.2. India
12.6.3. Japan
12.6.4. ASEAN
12.6.5. Rest of APAC
12.7. Current Market Size (US$ Bn) and Volume Forecast By Cutting Technology 2024 - 2031
12.7.1. Plasma
12.7.2. Oxy-fuel
12.7.3. Laser
12.7.4. Waterjet
12.7.5. Carbon Arc
12.8. Current Market Size (US$ Bn) and Volume Forecast By Equipment Type 2024 - 2031
12.8.1. Manual
12.8.2. Mechanized
12.9. Current Market Size (US$ Bn) and Volume Forecast By End-use 2024 - 2031
12.9.1. Construction
12.9.2. Heavy Equipment Fabrication
12.9.3. Shipbuilding & Offshore
12.9.4. Automotive & Transportation
12.9.5. Others
12.10. Drivers and Restraints: Impact Analysis
12.11. Market Attractiveness Analysis
12.11.1. By Country
12.11.2. By Cutting Technology
12.11.3. By Equipment Type
12.11.4. By End-use
13. Middle East and Africa Market Analysis 2019 - 2023 and Forecast 2024 - 2031
13.1. Introduction
13.2. Key Regulations
13.3. Pricing Analysis
13.4. Regional Market Dynamics
13.4.1. Drivers
13.4.2. Restraints
13.4.3. Trends
13.5. Historical Market Size (US$ Bn) and Volume Analysis By Market Taxonomy, 2019 - 2023
13.5.1. By Country
13.5.2. By Cutting Technology
13.5.3. By Equipment Type
13.5.4. By End-use
13.6. Current Market Size (US$ Bn) and Volume Forecast By Country 2024 - 2031
13.6.1. Gulf Co-Operation Council (GCC) Countries
13.6.2. Turkey
13.6.3. South Africa
13.6.4. Rest of MEA
13.7. Current Market Size (US$ Bn) and Volume Forecast By Cutting Technology 2024 - 2031
13.7.1. Plasma
13.7.2. Oxy-fuel
13.7.3. Laser
13.7.4. Waterjet
13.7.5. Carbon Arc
13.8. Current Market Size (US$ Bn) and Volume Forecast By Equipment Type 2024 - 2031
13.8.1. Manual
13.8.2. Mechanized
13.9. Current Market Size (US$ Bn) and Volume Forecast By End-use 2024 - 2031
13.9.1. Construction
13.9.2. Heavy Equipment Fabrication
13.9.3. Shipbuilding & Offshore
13.9.4. Automotive & Transportation
13.9.5. Others
13.10. Drivers and Restraints: Impact Analysis
13.11. Market Attractiveness Analysis
13.11.1. By Country
13.11.2. By Cutting Technology
13.11.3. By Equipment Type
13.11.4. By End-use
14. Global Cutting Equipment Consumable/Accessory Market Forecast, by Region
15. Competition Landscape
15.1. Market Share
15.2. Competition Dashboard
15.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)