Get In Touch

Cutting equipment or cutting tool or a cutter, in the context of machining, could be any tool which is used to remove any material from a work piece through means of shear deformation. This act of cutting can be done through multipoint or single-point tools.

Construction industry has been witnessing a growth across the globe and thus has been contributing towards the growth of the cutting equipment, accessories & consumables market. An increase in consumer spending and an increase in automobile sales have contributed to the growth of this market. These factors are expected to propel market during the forecast year of 2016-2024.

The market has been segmented on the basis of equipment, accessories, consumables and technology. By equipment, the market is segmented into mechanized and manual. The market, on the basis of accessories, is divided into gas filters and gas regulators. By consumables, the market has been divided into Oxy-fuel Gases and Shielding and by technology, the market is segmented into Oxy-fuel gases and plasma.

In the cutting equipment, accessories & consumables market, the segment of mechanized cutting equipment is forecasted to be the fastest growing in the years to come. The main factors that are driving the market growth in the steel industry and manufacturing industry. Steel industry has an important role to play owing to the consumption of steel in the construction industry, manufacturing industry and the fabrication industry.    

In the consumables segment, oxy fuel and shielding gases are obtain maximum momentum during the forecast period. The category of shielding is likely to grow during the forecast period owing to the increasing demand of argon gas.

In the technology segment, plasma cutting is likely to witness the highest growth.   Oxy fuel gases technology is forecasted to witness the second largest market share. The demand for Oxy fuel gases are increasing as it is relatively inexpensive, investment on equipment is also minimal.

Geographically, the market is segmented into North America, Asia Pacific (APAC), Europe, Middle East and America (EMEA) and Latin America. Asia Pacific has been leading the market and accounts for the biggest market share. Large population of the region has led to the increasing demand of housing and this has led to the increasing demand for cutting equipment and accessories. Apart from housing, owing to large population of the region, there is a fast growing demand in end-use industries such as infrastructure, industrial, commercial and marine. As such, the demand for cutting equipment, accessories and consumables in these sectors have also increased.

The market in North America is also anticipated to grow rapidly during the forecast period of 2016-2024. The U.S. accounted for the biggest market share in this geographical segment and is expected to remain dominant this geographical segment throughout the forecast period.

Europe also accounts for a substantial market share in this market and occupies a large market share of cutting equipment, accessories & consumables market. The region is expected to grow well over the forecast period of 2016-2024. The market of Middle East and Africa is also expected to grow significantly over the forecast period. The regions of Latin America is largely driven by the increasing demand for housing, residential and commercial needs in this region.

The global market of cutting equipment, accessories and consumables is fragmented with many large and well-established players. Also, many new players are trying to enter the Cutting Equipment, Accessories & Consumables Market owing to the expected high growth of the market.

Some of the major players of the  Cutting Equipment, Accessories & Consumables   Marketare Air Liquide (France), British Oxygen Company (U.K.), Bug-O (the U.S.), Gentec  (Sanghai) Corporation (China), Cavagna Group (Italy), GCE Holding AB (Sweden), Colfax Corporation (the US), Müller Opladen (Germany), Messer Group (Germany), Matheson TRI-Gas (the U.S.), Illinois Tool Works Inc. (the U.S.), Rotarex (Luxembourg) amongst many others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market      

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Cutting Equipment Accessories Consumables Market

Pre Book