The cutting equipment offers effective solutions for a wide range of underground mining and construction applications, which include rapid-entry roadway development, production settings without drilling and blasting, and boring of ore passes and ventilation shafts. Moreover, introduction of automation in production or manufacturing is driving growth of the cutting equipment market. Expansion of end-use industries such as construction, automotive, general metal fabrication, have increased the need of cutting equipment carried out by robots, due to shortage of skilled labor, less operation time, and precision of cutting products, which reduces the overall cost of production. Furthermore, a growing need for facilities such as repair & maintenance and uninterrupted power and energy supply are expected to drive the market growth.
Market Dynamics
The mechanized cutting equipment segment is expected to be the fastest-growing segment in the global cutting equipment market over the forecast period. The key development drivers for mechanized cutting equipment segment are manufacturing industry and the steel industry. The steel industry plays an important role, as it is required in the construction, and manufacturing industries. Moreover, in terms of technology, the plasma cutting segment is expected to witness significant growth over the forecast period owing to increasing adoption of automation for better quality, consistency, and less production time. However, high production cost of cutting equipment is one of the major factors which are expected to hamper the market growth.
Key features of the study:
- This report provides an in-depth analysis of the global cutting equipment market size (US$ Million), and compound annual growth rate (CAGR%) over the forecast period (2019– 2027), considering 2018 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global cutting equipment market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, cutting equipment market capital, key developments, strategies, and future plans
- Companies covered as part of global cutting equipment market study include Robert Bosch GmbH (Germany), Stanley Black & Decker, Inc. (U.S.), Makita Power Tools India Pvt. Ltd. (India), ICS Cutting Tools, Inc. (U.S.), Hitachi Koki Co., Ltd. (Japan), J.C. Bamford Excavators Limited (U.K.), Klein Tools, Inc. (U.S.), Snap on (U.S.), Otto Baier GmbH (Germany), Hilti Corporation (Liechtenstein), and others
- Insights from this report will allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global cutting equipment market report caters to various stakeholders in this industry which include investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cutting equipment market
Detailed Segmentation:
- Global Cutting Equipment Market, By Equipment Type:
- Global Cutting Equipment Market, By Technology Type:
- Carbon Arc Cutting
- Laser Cutting
- Oxy-fuel Cutting
- Plasma Cutting
- Waterjet Cutting
- Global Cutting Equipment Market, By End-user Industries:
- Automotive
- Construction
- General Metal Fabrication
- Heavy Equipment Fabrication
- Shipbuilding & Offshore
- Others
- Global Cutting Equipment Market, By Region:
- North America
- By Equipment Type:
- By Technology Type:
- Carbon Arc Cutting
- Laser Cutting
- Oxy-fuel Cutting
- Plasma Cutting
- Waterjet Cutting
- By End-use Industries:
- Automotive
- Construction
- General Metal Fabrication
- Heavy Equipment Fabrication
- Shipbuilding & Offshore
- Others
- By Country:
- Europe
- By Equipment Type:
- By Technology Type:
- Carbon Arc Cutting
- Laser Cutting
- Oxy-fuel Cutting
- Plasma Cutting
- Waterjet Cutting
- By End-user Industry:
- Automotive
- Construction
- General Metal Fabrication
- Heavy Equipment Fabrication
- Shipbuilding & Offshore
- Others
- By Country:
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Equipment Type:
- By Technology Type:
- Carbon Arc Cutting
- Laser Cutting
- Oxy-fuel Cutting
- Plasma Cutting
- Waterjet Cutting
- By End-user Industry:
- Automotive
- Construction
- General Metal Fabrication
- Heavy Equipment Fabrication
- Shipbuilding & Offshore
- Others
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- By Equipment Type:
- By Technology Type:
- Carbon Arc Cutting
- Laser Cutting
- Oxy-fuel Cutting
- Plasma Cutting
- Waterjet Cutting
- By End-user Industry:
- Automotive
- Construction
- General Metal Fabrication
- Heavy Equipment Fabrication
- Shipbuilding & Offshore
- Others
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- By Equipment Type:
- By Technology Type:
- Carbon Arc Cutting
- Laser Cutting
- Oxy-fuel Cutting
- Plasma Cutting
- Waterjet Cutting
- By End-user Industry:
- Automotive
- Construction
- General Metal Fabrication
- Heavy Equipment Fabrication
- Shipbuilding & Offshore
- Others
- By Country/Region:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By Equipment Type:
- By Technology Type:
- Carbon Arc Cutting
- Laser Cutting
- Oxy-fuel Cutting
- Plasma Cutting
- Waterjet Cutting
- By End-user Industry:
- Automotive
- Construction
- General Metal Fabrication
- Heavy Equipment Fabrication
- Shipbuilding & Offshore
- Others
- By Country/Region:
- North Africa
- Central Africa
- South Africa
- Company Profiles
- Robert Bosch GmbH *
- Company Introduction
- Key Developments
- Financial Overview
- Strategic Overview
- Stanley Black & Decker, Inc.
- Makita Power Tools India Pvt. Ltd.
- ICS Cutting Tools, Inc.
- Hitachi Koki Co., Ltd.
- C. Bamford Excavators Limited
- Klein Tools, Inc.
- Snap on
- Otto Baier GmbH
- Hilti Corporation
- Section
- References
- Research Methodology
- About Us and Sales Contact
*Browse all the market data tables and figures on "Global Cutting Equipment Market - Global forecast to 2027”.
