The global cutting equipment, accessories & consumables market is anticipated to grow at a CAGR of 6.2% during the forecast period. The increasing demand for various edge-cutting technologies from the manufacturing sector is the major factor driving the growth of the market. Among all machine cutting technologies, plasma cutting has gained immense popularity among end-user verticals. Plasma cutting is considered the best option for fabricating medium-thickness steel and aluminum in the manufacturing industry. Plasma cutting tools deliver products with higher accuracy, precision, and speed and have minimal machine footprint when compared with mechanical cutting machines, which in turn drives their adoption for Industrial cutting processes. The rise in demand for high-quality equipment in the diverse industry has surged the demand for plasma cutting machines for cutting metals.
Apart from these, speedy industrialization and technical advancement in the aerospace and defense sector are expected to bring new growth opportunities for plasma cutting machines during the forecast period. Whereas industrial automation is further projected to provide an impetus to market growth. The government of various countries is investing huge amount to accelerate industrial automation along with investment in advanced cutting equipment and technologies. For instance, in February 2022, the Canadian government invested $240 million in the semiconductor and photonics industries. The investment by the government fueled equipment upgrades and plasma cutting technology to improve the center’s capacity and capability to address the ever-increasing complexity of leading-edge technology.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Process
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Colfax Corp, Illinois Tool Works Inc., Lincoln Electric Co., Air Liquide S.A., GCE holding AB, Koike Aronson, Inc., Fronius International GMBH, The Linde Group, among others.
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Cutting Equipment, Accessories & Consumables Market Report by Segment
By Type
- Carbon
- Alloy
- Stainless
By Process
- Quenching & Tempering
- Normalizing
- Case Hardening
- Annealing
By Application
- Construction
- Energy
- Metalworking
- Industrial Machinery & Equipment
- Automotive & Transportation
- Others
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Ador Welding, Ltd.
- Air Liquide S.A.
- Amada Weld Tech Co., Ltd.
- BUG-O Systems
- Colfax Corp.
- DAIHEN Corp.
- Dardi International Corp.
- Epilog Laser, Inc.
- Flow International Co.
- GCE holding AB
- Gentec-EO
- Hornet Cutting Systems
- Hypertherm, Inc.
- Illinois Tool Works, Inc.
- Innovative International, Ltd.
- Jet Edge, Inc.
- Kennametal, Inc.
- Koike Aronson, Inc.
- Lincoln Electric, Co.
- Matheson tri-gas, Inc.
- Messer Group
- OMAX Corp.
- The Linde Group
- Wardjet, Inc.
- WB Alloy Welding
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
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- Over 100+ paid data sources mined for investigation.
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