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Global Cutting Equipment Market to reach USD XX billion by the end of 2030

Global Cutting Equipment Market Size study & Forecast, by Technology (Laser, Plasma, Waterjet, Flame, Other Technologies), by End User (Automotive, Aerospace and Defense, Electrical and Electronics, Construction, Other End-Users), and Regional Analysis, 2023-2030

Product Code: OIRIME-58198210
Publish Date: 5-12-2023
Page: 200

Global Cutting Equipment Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2023-2030. Cutting equipment refers to various tools and machinery used for cutting materials such as metal, wood, paper, fabric, plastic, and more. The specific type of cutting equipment used depends on the material being cut and the desired precision and application. The Cutting Equipment Market serves diverse sectors such as construction, automotive, aerospace, and healthcare, catering to the needs of precision cutting, shaping, and fabrication of materials in various industries. The Cutting Equipment Market is being driven by factors such as increasing demand from end-use industries such as automotive & construction and companies investing more in research and development of cutting equipment.

Cutting equipment is extensively used in the automotive industry for the precise fabrication and shaping of various components, including sheet metal, chassis, frames, and body panels. According to the Statista, global car sales experienced growth, reaching approximately 67.2 million automobiles in 2022, reflecting an increase from around 66.7 million units in 2021. Along with this increasing demand for construction also driving the market, according to the same source, in 2020, it was estimated that in 2020, there were around new USD 1.5 trillion spent on construction activities in the United States. Also, the construction expenditure has been rising and it is estimated to have reached USD 1.8 trillion by 2025.. Thus, the increasing size of the construction industry and automotive sales are also driving the market for cutting equipment. In addition, technological advancement in cutting equipment’s and increasing industrialization create lucrative opportunities for the market. However, the high initial investment in cutting equipment and rising security concerns hinders market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Cutting Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the due to several factors, including the region’s well-established manufacturing sector, strong presence of key industries such as automotive, aerospace, and construction, high demand for advanced cutting technologies, and a significant focus on technological advancements and innovation in the region. Asia Pacific is considered as the fastest growing region during the forecast period due to the region experiencing rapid industrialization and infrastructure development, leading to increased demand for cutting equipment in sectors such as automotive, construction, manufacturing, and electronics.

Major market players included in this report are:
The Lincoln Electric Company
Messer Cutting Systems GmbH
Genstar Technologies Corporation
Colfax Corporation
Linde Plc
Amada Weld Tech Inc.
Koike Aronson, Inc
Ador Welding Ltd.
GCE Group
DAIHEN Corporation

Recent Developments in the Market:
Ø In July 2022, Lincoln Electric recently unveiled the POWER MIG 215 MPi multi-process welder, a technologically advanced welding machine featuring a lightweight build and dual-input voltage capabilities. The machine also boasts a redesigned ergonomic design, enhancing user comfort and ease of operation.
Ø In February 2022, Messer Cutting Systems, a leading provider of cutting and welding solutions, recently completed the acquisition of Flame Technologies, Inc. (Flame Tech), a prominent US-based manufacturer specializing in oxyfuel products. The acquisition was carried out through one of Messer Cutting Systems’ affiliate companies. By incorporating Flame Tech into its portfolio, Messer Cutting Systems further solidifies its position as a global solution provider for oxyfuel, Steel Mill, and pre-heating solutions.

Global Cutting Equipment Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Other Technologies

By End User:
Aerospace and Defense
Electrical and Electronics
Other End-Users

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Cutting Equipment Market, by Region, 2020-2030 (USD Billion)
1.2.2. Cutting Equipment Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Cutting Equipment Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cutting Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cutting Equipment Market Dynamics
3.1. Cutting Equipment Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand from end-use industry such as automotive & construction Companies investing heavily in research and development of cutting equipment
3.1.2. Market Challenges High initial investment in cutting equipment Rising security concern
3.1.3. Market Opportunities Technological advancement in cutting equipment Increasing industrialization
Chapter 4. Global Cutting Equipment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Cutting Equipment Market, by Technology
5.1. Market Snapshot
5.2. Global Cutting Equipment Market by Technology, Performance – Potential Analysis
5.3. Global Cutting Equipment Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Cutting Equipment Market , Sub Segment Analysis
5.4.1. Laser
5.4.2. Plasma
5.4.3. Waterjet
5.4.4. Flame
5.4.5. Other Technologies
Chapter 6. Global Cutting Equipment Market, by End User
6.1. Market Snapshot
6.2. Global Cutting Equipment Market by End User, Performance – Potential Analysis
6.3. Global Cutting Equipment Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Cutting Equipment Market , Sub Segment Analysis
6.4.1. Automotive
6.4.2. Aerospace and Defense
6.4.3. Electrical and Electronics
6.4.4. Construction
6.4.5. Other End-Users
Chapter 7. Global Cutting Equipment Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Cutting Equipment Market , Regional Market Snapshot
7.4. North America Cutting Equipment Market
7.4.1. U.S. Cutting Equipment Market Technology breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Cutting Equipment Market
7.5. Europe Cutting Equipment Market Snapshot
7.5.1. U.K. Cutting Equipment Market
7.5.2. Germany Cutting Equipment Market
7.5.3. France Cutting Equipment Market
7.5.4. Spain Cutting Equipment Market
7.5.5. Italy Cutting Equipment Market
7.5.6. Rest of Europe Cutting Equipment Market
7.6. Asia-Pacific Cutting Equipment Market Snapshot
7.6.1. China Cutting Equipment Market
7.6.2. India Cutting Equipment Market
7.6.3. Japan Cutting Equipment Market
7.6.4. Australia Cutting Equipment Market
7.6.5. South Korea Cutting Equipment Market
7.6.6. Rest of Asia Pacific Cutting Equipment Market
7.7. Latin America Cutting Equipment Market Snapshot
7.7.1. Brazil Cutting Equipment Market
7.7.2. Mexico Cutting Equipment Market
7.8. Middle East & Africa Cutting Equipment Market
7.8.1. Saudi Arabia Cutting Equipment Market
7.8.2. South Africa Cutting Equipment Market
7.8.3. Rest of Middle East & Africa Cutting Equipment Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. The Lincoln Electric Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Messer Cutting Systems GmbH
8.3.3. Genstar Technologies Corporation
8.3.4. Colfax Corporation
8.3.5. Linde Plc
8.3.6. Amada Weld Tech Inc.
8.3.7. Koike Aronson, Inc
8.3.8. Ador Welding Ltd.
8.3.9. GCE Group
8.3.10. DAIHEN Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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