CUTTING EQUIPMENT MARKET ANALYSIS

Name: Cutting Equipment Market Regional Analysis
Creator: Coherent Market Insights
License: https://www.coherentmarketinsights.com/privacy-policy
Keywords: Cutting Equipment Market, Cutting Equipment Market Report, Cutting Equipment Industry Report, Cutting Equipment Market Size, Cutting Equipment Market Share, Cutting Equipment Market Analysis, Cutting Equipment Market Growth, Cutting Equipment Market Trends, Cutting Equipment Market Overview, Cutting Equipment Market Forecast

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

Regional Analysis

North America cutting equipment market accounted for largest share in 2018

North America is accounted for a largest share 2018 in the global cutting equipment market, owing to high demand for cutting equipment from various industries. According to the U.S. Cutting Tool Institute (USCTI) and the Association for Manufacturing Technology (AMT), U.S. cutting tool consumption totaled $213.4 million in May 2019.

Furthermore, Asia Pacific cutting equipment market is expected to witness significant growth, owing to a rapidly expanding industrial network and growing automotive industries in emerging economies such as China and India. According to Coherent Market Insights, in 2018, the passenger vehicle production in India reached 4.06 million units, which was 3.96 million units in 2017.