Cutting Equipment, Accessories and Consumable Market Report: Trends, Forecast and Competitive Analysis to 2030

Cutting Equipment, Accessories and Consumable Trends and Forecast

The future of the global cutting equipment, accessories and consumable market looks promising with opportunities in the shipbuilding & offshore, general metal fabrication, automotive, heavy equipment fabrication, and construction markets. The global cutting equipment, accessories and consumable market is expected to reach an estimated $10.8 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increasing demand for manufacturing, rising adoption of advanced cutting technologies, and growing demand for cutting equipment, accessories and consumables in emerging market.

A more than 150-page report is developed to help in your business decisions.

Cutting Equipment, Accessories and Consumable by Segment

The study includes a forecast for the global cutting equipment, accessories and consumable by cutting equipment, technology, application, and region.

Cutting Equipment, Accessories and Consumable Market by Cutting Equipment [Shipment Analysis by Value from 2018 to 2030]:

• Manual Cutting Equipment
• Mechanized Cutting Equipment
• Accessories & Consumables

Cutting Equipment, Accessories and Consumable Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Carbon Arc Cutting
• Plasma Cutting
• Oxy-Fuel Cutting
• Laser Cutting
• Water Jet Cutting

Cutting Equipment, Accessories and Consumable Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Shipbuilding & Offshore
• General Metal Fabrication
• Automotive
• Heavy Equipment Fabrication
• Construction
• Others

Cutting Equipment, Accessories and Consumable Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cutting Equipment, Accessories and Consumable Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cutting equipment, accessories and consumable companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cutting equipment, accessories and consumable companies profiled in this report include-

• Jet Edge
• Ador Welding
• Kennametal
• Koike Aronson
• Colfax
• Koike Aronson
• Hornet Cutting Systems
• Dardi International
• A Innovative International
• Epilog Laser

Cutting Equipment, Accessories and Consumable Market Insights

Lucintel forecasts that plasma cutting will remain the largest segment over the forecast period because of surge in popularity as an essential industrial tool owing to its capacity to create high-quality cuts with minimal preparation time.

APAC will remain the largest region over the forecast period due to its increasing demand for improved infrastructural, institutional, commercial, and residential areas, as well as, quickly expanding end-use sectors include manufacturing, shipbuilding & offshore, construction, and automotive.

Features of the Global Cutting Equipment, Accessories and Consumable Market

Market Size Estimates: Cutting equipment, accessories and consumable market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cutting equipment, accessories and consumable market size by cutting equipment, technology, application, and region in terms of value ($B).

Regional Analysis: Cutting equipment, accessories and consumable market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different cutting equipment, technology, application, and regions for the cutting equipment, accessories and consumable market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cutting equipment, accessories and consumable market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the cutting equipment, accessories and consumable market size?

Answer: The global cutting equipment, accessories and consumable market is expected to reach an estimated $10.8 billion by 2030.

Q2. What is the growth forecast for cutting equipment, accessories and consumable market?

Answer: The global cutting equipment, accessories and consumable market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the cutting equipment, accessories and consumable market?

Answer: The major drivers for this market are increasing demand for manufacturing, rising adoption of advanced cutting technologies, and growing demand for cutting equipment, accessories and consumables in emerging market.

Q4. What are the major segments for cutting equipment, accessories and consumable market?

Answer: The future of the global cutting equipment, accessories and consumable market looks promising with opportunities in the shipbuilding & offshore, general metal fabrication, automotive, heavy equipment fabrication, and construction markets.

Q5. Who are the key cutting equipment, accessories and consumable market companies?

Answer: Some of the key cutting equipment, accessories and consumable companies are as follows:

• Jet Edge
• Ador Welding
• Kennametal
• Koike Aronson
• Colfax
• Koike Aronson
• Hornet Cutting Systems
• Dardi International
• A Innovative International
• Epilog Laser

Q6. Which cutting equipment, accessories and consumable market segment will be the largest in future?

Answer: Lucintel forecasts that plasma cutting will remain the largest segment over the forecast period because of surge in popularity as an essential industrial tool owing to its capacity to create high-quality cuts with minimal preparation time.

Q7. In cutting equipment, accessories and consumable market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to its increasing demand for improved infrastructural, institutional, commercial, and residential areas, as well as, quickly expanding end-use sectors include manufacturing, shipbuilding & offshore, construction, and automotive.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cutting equipment, accessories and consumable market by cutting equipment (manual cutting equipment, mechanized cutting equipment, and accessories & consumables), technology (carbon arc cutting, plasma cutting, oxy-fuel cutting, laser cutting, and water jet cutting), application (shipbuilding & offshore, general metal fabrication, automotive, heavy equipment fabrication, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?