"Catapult Your Business to Fore, Gain Competitive Advantage "

Cutting Equipment Market Size, Share & Industry Analysis, By Cutting Technology (Plasma, Laser, Waterjet, Carbon-arc), By End-User (Automotive, Metal Fabrication, Construction, Aerospace and Defense, Shipbuilding) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI106052 | Status : Ongoing



Cutting equipment are the part of machine tools that are utilized to remove excess material from work piece with cutting medium. These equipment are specifically utilized across boring, slotting and lathe machines.

The global cutting equipment market is anticipated to witness strong growth attributed to increasing demand across automotive, shipbuilding and other heavy engineering applications. The market is also driven by factors such as, aggressive utilization of fabricated metal products, advancement in manufacturing processes and development of heavy industrial equipment. As the demand is growing, advanced cutting technologies such as, plasma, water-jet, oxy-fuel and others have evolved. It is because, the developing countries are experiencing heavy requirement of cutting equipment as infrastructural activities are booming. Plasma and laser cutters are utilized in cutting different widths of non-metallic, synthetic and metallic materials for high-accuracy and smooth cutting edges.

Additionally, the market participants such as, AMADA WELD TECH, Koike Aronson, Inc. and others are investing in research & development (R&D) activities and emphasizing on deploying robotic cutting equipment in order to minimize the production time & manpower utilization and maximize the product capabilities. In several developed countries, the manufacturers have started to demonstrate industrial robotic cutting equipment in their manufacturing processes. This in turn, is fuelling the market growth.

Conversely, the global cutting equipment market has been drastically affected by the COVID-19 pandemic. The automotive, construction, manufacturing and other industries faces challenges including, lack of investment on capital equipment, migrating labours, disrupted supply chain and others thereby inconsistency in the orders from original equipment manufacturers (OEMs). It has knotted down the factory activities across the U.S., Germany, China, India and other countries. It has resulted in negative demand across automotive, construction and other industries. The China The China Passenger Car Association (CPCA) stated that car sales in China dropped down by 92% in the 1st half of February 2020. However, with preventive steps taken by the manufacturers coupled with governmental bodies support, the long-term growth trajectory seems positive with robust expansion prospects in the future ahead.

Key Market Driver -

• Accelerated building refurbishment projects • Rising demand for programmed cutting equipment in automation and fabrication sector

Key Market Restraint -

• High operating Cost

Key Players Covered:

Key players operating in the global cutting equipment market are Illinois Tool Works, AMADA WELD TECH, The Lincoln Electric Company, Colfax Corporation, Koike Aronson, Inc., GCE Group, Ador Welding Ltd., OMAX Corporation, Hypertherm, Inc., Jet Edge, Inc., DAIHEN Corporation, V.V Mineral, OTTO BAIER GmbH, ICS Cutting Tools, Inc., Snap-on Incorporated, CERATIZIT S.A., Opta Group LLC., WB Alloys Welding Products Ltd, Kennametal Inc., Samtectools, HOLLFELDER-GÜHRING GmbH and others.

Regional Analysis

North America is estimated to capture highest market share in 2020. It is attributed to excessive demand for cutting equipment across industries. These equipment compliments the customization across shipbuilding, automotive and other high-end industries. In February 2021, The Association For Manufacturing Technology (AMT) and U.S. Cutting Tool Institute (USCTI) stated that the U.S. cutting tool consumption totaled nearly USD 157.3 million in December 2020, up by 4% from November 2020.

Asia Pacific is anticipated to exhibit highest CAGR owing to, the expanding industrial network and fast-track automotive manufacturing. Additionally, the developing economies in this region have low operating cost that attracts business from manufacturing companies. India, China and ASEAN countries are expected to witness highest growth in the forecast period.

The Europe is one of the developed markets for cutting equipment as most of the manufacturers emphasize on technically advanced cutting equipment. Therefore, it shows substantial growth in the forecast period.

The Middle East & Africa is witness strong growth owing to, the growing industrialization across oil & gas, shipbuilding, construction and power & energy sectors. Additionally, market participants are finding this region to be potential to expand their business portfolio. Whereas South America is projected to witness steady growth.

To gain extensive insights into the market, Request for Customization




By Cutting Technology

  • Plasma

  • Laser

  • Waterjet

  • Carbon-arc

By End-User

  • Automotive

  • Metal Fabrication

  • Construction

  • Aerospace and Defense

  • Shipbuilding

  • Others

By Region

  • North America (U.S., Canada and Mexico)

  • Europe (U.K., Germany, Spain, Italy, France, Benelux, Nordics and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania and Rest of Asia Pacific)

  • Middle East & Africa (Israel, Turkey, GCC, North Africa, South Africa and Rest of the Middle East & Africa)

  • South America (Brazil, Argentina and Rest of South America)

Key Industry Developments

  • December 2020: The Lincoln Electric Company introduced ‘Torchmate 4510’, a CNC Plasma Cutting Machine to improve production capabilities of customers across metal cutting operations. The aforesaid machine extends the capacity that can assist ~5x10 sheet of metal up to 1" thick once prepared with the ‘Optional FlexCut 125 power supply’.

  • June 2020: CERATIZIT S.A. is providing cutting tools to ‘McLaren Racing’ for the production of artificial ventilators. The company is providing CCR-AL CircularLine end mill, drilling tools, AluLine end mills and WTX-Ti drills to produce the ventilators.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Machinery & Equipment Clients


Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.