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Global Plasma Cutting Machine Market to reach USD 851.31 million by the end of 2030

Global Plasma Cutting Machine Market Size Study & Forecast, by Product Type (Manual/Handheld and CNC/Automated), By Application (Industrial Manufacturing, Automotive, Construction, Salvage and Scrapping Operations, and Others), and Regional Analysis, 2023-2030

Product Code: OIRIME-27526661
Publish Date: 10-03-2024
Page: 200

Global Plasma Cutting Machine Market is valued approximately at USD 631.7 million in 2022 and is anticipated to grow with a healthy growth rate of more than 3.8% over the forecast period 2023-2030. Plasma cutting machines are utilized for precise cutting of steel and other metals as per specific requirements. These machines employ a plasma arc and high-speed stream mechanism. A gas stream is directed through a nozzle onto the material at high velocity, compressing the gas into plasma and elevating the temperature to facilitate metal cutting. In the market, plasma cutting machines are available in single flow and dual flow types, with the latter further categorized into shielded and unshielded variants. These machines are operated either automatically or manually. Plasma cutting machines come in various configurations including 2-dimensional, 3-dimensional, and tube or section cutting capabilities. Industries such as manufacturing, automotive, industrial construction, electric equipment, aerospace, and defense sectors extensively utilize plasma cutting machines due to their efficiency and effectiveness in metal cutting within shorter timeframes. The Plasma Cutting Machine Market is expanding because of factors such as the supportive government initiatives and policies, as well as rise in integration of automation in plasma cutting machines.

In addition, the rise in the global manufacturing activities, driven by factors such as population growth, urbanization, and industrialization, generates sustained demand for plasma cutting machines across various industrial sectors. According to Statista, in 2020, global manufacturing industries market accounts USD 3.48 trillion for material product manufacturing and projected to reach up to USD 5.06 trillion by the year 2028. Thus, these aforementioned factors are propelling the growth of the Plasma Cutting Machine Market during the estimated period. Moreover, the rise in adoption of CNC technology and multi-process capabilities, as well as the increasing proliferation of customized metal fabrication present various lucrative opportunities over the forecast years. However, the presence of alternative technologies and stringent regulatory compliance are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Plasma Cutting Machine Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to the rise in technological advancements, growing investments in infrastructure development projects, and growth in industrial sectors. Whereas, North America is expected to grow with the fastest CAGR over the forecast years. The rising initiatives and a growing emphasis on domestic production are significantly propelling the market demand across the region. Consequently, there is a growing demand for efficient cutting solutions, such as plasma cutting machines, as manufacturers strive to leverage advanced technologies to bolster productivity.

Major market players included in this report are:
Stürmer Maschinen GmbH (Germany)
DAIHEN Corporation (Japan)
ESAB Corporation (U.S.)
Miller Electric Mfg. LLC (U.S.)
Lincoln Electric (U.S.)
MicroStep Europa (Germany)
Plazmamax (Israel)
Dener Makina (Turkey)
Voortman Steel Machinery (Netherlands)

Recent Developments in the Market:
Ø In December 2023, Diahen Corporation, a prominent manufacturer of cutting and welding products, participated in the International Robot Exhibition 2023 held in Japan, alongside its business partner, Hypertherm A.
Ø In September 2023, ESAB unveiled the Cutmaster, a comprehensive plasma cutting package offering 50+. This product launch has significantly expanded ESAB’s range of product portfolios within the market.
Ø In August 2023, ABB Ltd. introduced its next-generation collaborative robot, designed for seamless integration with cutting machines to deliver straightforward and fully automated cutting operations. The introduction of robotic solutions from a reputable manufacturer is expected to heighten customer interest in plasma-cutting technology.

Global Plasma Cutting Machine 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 – Product Type, Application, 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 Product Type:

By Application:
Industrial Manufacturing
Salvage and Scrapping Operations

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 Million)
1.2.1. Plasma Cutting Machine Market, by region, 2020-2030 (USD Million)
1.2.2. Plasma Cutting Machine Market, by Product Type, 2020-2030 (USD Million)
1.2.3. Plasma Cutting Machine Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Plasma Cutting Machine 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 Plasma Cutting Machine Market Dynamics
3.1. Plasma Cutting Machine Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Supportive government initiatives and policies Rise in global manufacturing activities
3.1.2. Market Challenges Presence of alternative technologies Stringent regulatory compliance
3.1.3. Market Opportunities Rise in adoption of CNC technology and multi-process capabilities Increasing proliferation of customized metal fabrication
Chapter 4. Global Plasma Cutting Machine 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. Economic
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 Plasma Cutting Machine Market, by Product Type
5.1. Market Snapshot
5.2. Global Plasma Cutting Machine Market by Product Type, Performance – Potential Analysis
5.3. Global Plasma Cutting Machine Market Estimates & Forecasts by Product Type 2020-2030 (USD Million)
5.4. Plasma Cutting Machine Market, Sub Segment Analysis
5.4.1. Manual/Handheld
5.4.2. CNC/Automated
Chapter 6. Global Plasma Cutting Machine Market, by Application
6.1. Market Snapshot
6.2. Global Plasma Cutting Machine Market by Application, Performance – Potential Analysis
6.3. Global Plasma Cutting Machine Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Plasma Cutting Machine Market, Sub Segment Analysis
6.4.1. Industrial Manufacturing
6.4.2. Automotive
6.4.3. Construction
6.4.4. Salvage and Scrapping Operations
6.4.5. Others
Chapter 7. Global Plasma Cutting Machine Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Plasma Cutting Machine Market, Regional Market Snapshot
7.4. North America Plasma Cutting Machine Market
7.4.1. U.S. Plasma Cutting Machine Market Product Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Plasma Cutting Machine Market
7.5. Europe Plasma Cutting Machine Market Snapshot
7.5.1. U.K. Plasma Cutting Machine Market
7.5.2. Germany Plasma Cutting Machine Market
7.5.3. France Plasma Cutting Machine Market
7.5.4. Spain Plasma Cutting Machine Market
7.5.5. Italy Plasma Cutting Machine Market
7.5.6. Rest of Europe Plasma Cutting Machine Market
7.6. Asia-Pacific Plasma Cutting Machine Market Snapshot
7.6.1. China Plasma Cutting Machine Market
7.6.2. India Plasma Cutting Machine Market
7.6.3. Japan Plasma Cutting Machine Market
7.6.4. Australia Plasma Cutting Machine Market
7.6.5. South Korea Plasma Cutting Machine Market
7.6.6. Rest of Asia Pacific Plasma Cutting Machine Market
7.7. Latin America Plasma Cutting Machine Market Snapshot
7.7.1. Brazil Plasma Cutting Machine Market
7.7.2. Mexico Plasma Cutting Machine Market
7.8. Middle East & Africa Plasma Cutting Machine Market
7.8.1. Saudi Arabia Plasma Cutting Machine Market
7.8.2. South Africa Plasma Cutting Machine Market
7.8.3. Rest of Middle East & Africa Plasma Cutting Machine 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. Stürmer Maschinen GmbH (Germany) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. DAIHEN Corporation (Japan)
8.3.3. ESAB Corporation (U.S.)
8.3.4. Miller Electric Mfg. LLC (U.S.)
8.3.6. Lincoln Electric (U.S.)
8.3.7. MicroStep Europa (Germany)
8.3.8. Plazmamax (Israel)
8.3.9. Dener Makina (Turkey)
8.3.10. Voortman Steel Machinery (Netherlands)
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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