Metal cutting machines are used to cut metal frames in various sizes and shape. These machines use various compounds, such as CO2 and fibers to cut the tough metals. Various types of metal cutting machines available in the market include laser cutting machine, waterjet cutting machine, plasma cutting machine, and flame cutting machine. Laser cutting machines are extensively used for industrial manufacturing applications to produce high-quality surface finish objects. Laser cutting machines are widely used in shipbuilding and aerospace manufacturing processes. Apart from the automotive industry, these machines are extensively used in the marine industry for ship repairing and fabrication of equipment. It consist of cargo ships, large vessels, air craft carriers, patrol boats, luxury liners, oil tankers etc.

The metal cutting machine market is expected to expand at a considerable pace in the near future. Growth in various industries, such as automotive industry is anticipated to drive the metal cutting machine market. Increase in demand for passenger vehicles due to the rise in income in the middle-class society in emerging economies is anticipated to increase sales of metal cutting machines. Additionally, surge in technological advancement is also expected to propel the demand for high-quality metal cutting devices across a number of industries. Increase in global production of consumer electronics, rise in investments in the aerospace and defense sectors, and surge in launch of new products in the global market are also expected to drive the global metal cutting machine market in the near future. However, restraints, such as high power consumption, material cost of the products are likely to inhibit the metal cutting machine market. Additionally, waterjet metal cutting machines take longer time to cut the metals as compared to traditional metal cutting machines, which is likely to hamper the market. However, increase in advancement in metal cutting technologies in developed and emerging regions is anticipated to boost the metal cutting machine market.

One of the key trends in the metal cutting machine market is increase demand for additive manufacturing. Additive manufacturing helps create three-dimensional objects using a digital file. Additive manufacturing usually involves manufacturing of a product layer by layer. 3D printing in aerospace and automotive industries helps in production of difficult geometries that are either hard or impossible with traditional manufacturing techniques. Replacement of traditional manufacturing techniques with 3D printing is projected to significantly reduce capital and raw material costs, and costs to reclaim scrap in the next few years. Additionally, growth of several industries, such as auto and auto component worldwide is anticipated to propel the metal cutting machine during the forecast period.                             

The global metal cutting machine market can be segmented based on product type, application, and region. In terms of product type, the market can be divided into laser cutting machines, waterjet cutting machines, plasma cutting machines, and flame cutting machines. Based on application, the metal cutting machine market can be segregated into automobile, aerospace & defense, construction, marine, electronics & electrical, and others. In terms of region, the global metal cutting machine market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Major players operating in the metal cutting machine market include Bystronic Laser AG (Switzerland), Colfax Corporation (the U.S.), Nissan Tanaka Corporation (Japan), TRUMPF GmbH + Co. KG (Germany), Danobat Group (India), Lincoln Electric Holdings, Inc. (the U.S.), Koike Aronson, Inc. (the U.S.), Dalian Machine Tool Group Corporation (China), Water Jet Sweden AB (Sweden), and Mass Cutting Systems (India). These players competes with each other with respect to their product portfolio in order to strive in the market. 

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.

.