CUTTING EQUIPMENT MARKET ANALYSIS

Cutting Equipment Market Report, By Equipment Type (Manual, and Mechanized), By Technology Type (Carbon Arc Cutting, Laser Cutting, Oxy-fuel Cutting, Plasma Cutting, and Waterjet Cutting), By End-user Industries (Automotive, Construction, General Metal Fabrication, Heavy Equipment Fabrication, Shipbuilding & Offshore, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

Published In : Oct 2019
Code : CMI1037
Pages :184
Formats :
Excel and PDF
Industry : Industrial Automation and Machinery

Market Challenges And Opportunities

In terms of technology, the plasma cutting segment is projected to exhibit a CAGR of 6.91% over the forecast period. The demand for plasma cutting equipment is growing worldwide owing to growing automation in end-use industries for better quality, consistency, and less production time.

In 2018, Asia Pacific accounted for over 40% of the total market share generated by the plasma cutting machine segment owing to economic development and rapid growth in the infrastructure sector. Recently, the region has witnessed increasing demand for plasma cutting equipment from various sectors such as automotive, aerospace and defense, and industrial owing to high accuracy to produce superior-quality products.

In the near future, the laser cutting segment is expected to witness significant growth, as laser cutters can be used for cutting various metallic, non-metallic, and synthetic materials of different widths, and provides accurate and smoother edges. For instance, in March 2019, AMADA Holdings Co., Ltd. announced plans to expand its module production facility for manufacturing core modules of fiber laser cutting machines at Fujinomiya Works for sheet metal processing machines. Moreover, the technology reduces human errors and is less time consuming.