Global Cutting Equipment Market, By Equipment Type (Manual and Mechanized), By Technology Type (Carbon arc cutting, Laser Cutting, Oxy-fuel cutting, Plasma cutting and Water jet cutting), By End-User industries (Automotive, Construction, General metal fabrication, Shipbuilding & Offshore, and Others), and By Geography - Trends, and Forecast to 2025

  • Published On : Nov 2017 |
  • Pages : 300 Pages |
  • Format :  

Global Cutting Equipment Market

In terms of volume, the global cutting equipment market was pegged at over 3,400 thousand units in 2016 and is projected to reach 4,900 thousand units by 2025, exhibiting a CAGR of 3.93% over the forecast period. Rising demand for automatic cutting equipment in the manufacturing sector and increase in automobile sales are expected to be the key trends driving growth of the global cutting equipment market over the forecast period. Demand for cutting automation technology in manufacturing or industrial sector is expected to increase at a rapid rate, especially in developed regions, due to the shortage of skilled labor. Major companies in North America and Europe have already started using robotic cutting equipment for the production process in various sectors such as automotive, aerospace and energy to minimize the time taken for manufacturing and to reduce manpower, which in turn will reduce the overall cost of production in the long run. According to BBC press release on 25th May, 2016, Apple and Samsung supplier, Foxconn replaced 60,000 factory workers with robots. Amazon deployed 10,000 robots into the company’s warehouses by the end of 2014.

Rampant growth of end-use industries such as construction, automotive, shipbuilding & offshore, and general metal fabrication are projected to fuel growth of cutting equipment market mainly in Asia Pacific over the forecast period.

By Equipment Type:

Mechanized type cutting equipment segment has the highest market share in global cutting equipment market in 2016. The main growth driver for the mechanized cutting equipment segment is growing manufacturing and steel industries. Steel is consumed in the construction industry, fabrication, and the manufacturing industry. Additionally, increasing use of power tools for DIY & household activities is a major factor projected to drive growth of the market in the foreseeable future. General metal fabrication segment was the dominant segment the end-user segment of the market.

By Technology Type:

In terms of technology, the plasma cutting segment is projected to exhibit a CAGR of 6.91% over the forecast period. The demand for plasma cutting equipment is growing worldwide on the back of increased adoption of automation for better quality, consistency, and less time requirement for production.

In 2016, Asia Pacific accounted for over 40% of the total market share generated by the plasma cutting machine, owing to the rising economy and the rapid growth in the infrastructure sector. The recent past has witness rapid increase in demand for plasma cutting equipment from sectors such as automotive, aerospace and defense, and industrial in the region. This is due to strict cutting tolerances and high accuracy required in these sectors to produce superior-quality products.

In near future, the laser cutting segment is expected to witness steady growth as it allows to cut various materials such as metallic, non-metallic, and synthetic materials of varying widths and provides highly accurate smoother edges. Moreover, the technology also drastically reduces human error and is less time consuming.

cutting equipment market

Source: Coherent Market Insights Analysis, 2017

By Geography:

North America accounted for largest share in the global cutting equipment market due to high demand and consumption of cutting equipment in various industries. According to U.S. Cutting Tool Institute (USCTI) and AMT, U.S. manufacturers purchased US$ 196.23 million worth of cutting tools in August 2017, a 14.8% rise over from July and 11.6% more than the August 2016 consumption total.

Asia Pacific is projected to have the fastest growth, owing to a rapidly expanding industrial network in developing nations such as China and India in this region leading to higher demand for such tools

Major Market Players:

Major players in the cutting equipment market include Robert Bosch GmbH (Germany), Stanley Black & Decker, Inc. (U.S.), Makita Power Tools India Pvt. Ltd. (India), ICS Cutting Tools, Inc. (U.S.), Hitachi Koki Co., Ltd. (Japan), J.C. Bamford Excavators Limited  (U.K.), Klein Tools, Inc. (U.S.), Snap on (U.S.), Otto Baier GmbH (Germany) and Hilti Corporation (Liechtenstein).

In terms of volume the global cutting equipment market was valued over 3,400 thousand units in 2016 end and is estimated to reach nearly 4,900 thousand units by 2025, exhibiting a CAGR of 3.93% from 2017 to 2025.

Market Dynamics

Introduction of automation in production or manufacturing is driving the market for cutting equipment. Development of end-user industries including construction, automotive, general metal fabrication and others, are highly in need of robots as cutting equipment due to shortage of skilled labor and also it consumes less time for operation and provides precise cut product, which in turn will reduce the overall cost of production. Additionally, a growing need for facilities such as repair and maintenance along with uninterrupted power and energy supply will contribute towards the market growth.

The mechanized cutting equipment segment is expected to be the fastest-growing segment in the global cutting equipment market, for the next eight years. The key development drivers for the mechanized cutting equipment segment are the manufacturing industry and the steel industry whereas the steel industry plays an important role as per steel is required in the construction industry, production, and the manufacturing industry.

In terms of technology, the plasma cutting segment is estimated to grow at a CAGR of 6.91% over the forecast period because of increased adoption of automation for better quality, consistency and less time requirement for production.

Market Taxonomy

This report segments the market for Cutting Equipment on the basis of equipment type, end-user industry, technology and region. By Equipment Type, the market is segmented as Manual, Mechanized. By Technology Type the market is segregated into five types Carbon arc cutting, Laser Cutting, Oxy-fuel cutting, Plasma cutting and Water jet cutting. End-User industries includes Automotive, Construction, Industrial, Shipbuilding & Offshore, and Others. By Region the market is divided as North America; Europe; Asia-Pacific; Latin America; and Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of cutting equipment market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global cutting equipment market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
  • Key companies covered as a part of this study include Robert Bosch GmbH (Germany), Stanley Black & Decker, Inc. (U.S.), Makita Power Tools India Pvt. Ltd. (India), ICS Cutting Tools, Inc. (U.S.), Hitachi Koki Co., Ltd. (Japan), J.C. Bamford Excavators Limited  (U.K.), Klein Tools, Inc. (U.S.), Snap on (U.S.), Otto Baier GmbH (Germany) and Hilti Corporation (Liechtenstein).
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
  • The global cutting equipment market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the cutting equipment market.

Detail Cutting Equipment Market Segmentation:

  • Global Cutting Equipment Market, By Equipment Type:
    • Manual
    • Mechanized
  • Global Cutting Equipment Market, By Technology:
    • Carbon arc cutting
    • Laser Cutting
    • Oxy-fuel cutting
    • Plasma cutting
    • Waterjet cutting
  • Global Cutting Equipment Market, By End Use:
    • Automotive
    • Construction
    • General metal fabrication
    • Heavy Equipment Fabrication
    • Shipbuilding & Offshore
    • Others
  • Global Cutting Equipment Market, By Geography:
    • North America
      • By Equipment Type:
        • Manual
        • Mechanized
      • By Technology:
        • Carbon arc cutting
        • Laser Cutting
        • Oxy-fuel cutting
        • Plasma cutting
        • Waterjet cutting
      • By End-User Industry:
        • Automotive
        • Construction
        • General metal fabrication
        • Heavy Equipment Fabrication
        • Shipbuilding & Offshore
        • Others
      • US
      • Canada
    • Europe
      • By Equipment Type:
        • Manual
        • Mechanized
      • By Technology:
        • Carbon arc cutting
        • Laser Cutting
        • Oxy-fuel cutting
        • Plasma cutting
        • Waterjet cutting
      • By End-User Industry:
        • Automotive
        • Construction
        • General metal fabrication
        • Heavy Equipment Fabrication
        • Shipbuilding & Offshore
        • Others
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • By Equipment Type:
        • Manual
        • Mechanized
      • By Technology:
        • Carbon arc cutting
        • Laser Cutting
        • Oxy-fuel cutting
        • Plasma cutting
        • Waterjet cutting
      • By End-User Industry:
        • Automotive
        • Construction
        • General metal fabrication
        • Heavy Equipment Fabrication
        • Shipbuilding & Offshore
        • Others
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Latin America
      • By Equipment Type:
        • Manual
        • Mechanized
      • By Technology:
        • Carbon arc cutting
        • Laser Cutting
        • Oxy-fuel cutting
        • Plasma cutting
        • Waterjet cutting
      • By End-User Industry:
        • Automotive
        • Construction
        • General metal fabrication
        • Heavy Equipment Fabrication
        • Shipbuilding & Offshore
        • Others
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • By Equipment Type:
        • Manual
        • Mechanized
      • By Technology:
        • Carbon arc cutting
        • Laser Cutting
        • Oxy-fuel cutting
        • Plasma cutting
        • Waterjet cutting
      • By End-User Industry:
        • Automotive
        • Construction
        • General metal fabrication
        • Heavy Equipment Fabrication
        • Shipbuilding & Offshore
        • Others
      • GCC
      • Israel
      • Rest of Middle East & Africa
  • Company Profiles
    • Robert Bosch GmbH *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Stanley Black & Decker, Inc.
    • Makita Power Tools India Pvt. Ltd.
    • ICS Cutting Tools, Inc.
    • Hitachi Koki Co., Ltd.
    • J.C. Bamford Excavators Limited
    • Klein Tools, Inc.
    • Snap on
    • Otto Baier GmbH
    • Hilti Corporation
  • Available Customizations
    • Global Heating Equipment Market
    • Global Industrial Filtration Market
    • Global Submarine Fiber Cable Market

*Browse all the market data tables and figures on "Global Cutting Equipment Market - Global forecast to 2025”.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Equipment Type
      • Market Snippet By Technology
      • Market Snippet By End-User Industry
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Cutting Equipment Market Analysis, By Equipment Type, 2016 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Segment Trends
    • Manual
      • Introduction
      • Market Size and Future Potential, 2015 – 2025
    • Mechanized
      • Introduction
      • Market Size and Future Potential, 2015 – 2025
  5. Global Cutting Equipment Market, By Technology, 2016 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Segment Trends
    • Carbon arc cutting
      • Introduction
      • Market Size and Future Potential, 2015 – 2025
    • Laser cutting
      • Introduction
      • Market Size and Future Potential, 2015 – 2025
    • Oxy-fuel cutting
      • Introduction
      • Market Size and Future Potential, 2015 – 2025
    • Plasma cutting
      • Introduction
      • Market Size and Future Potential, 2015 – 2025
    • Water jet cutting
      • Introduction
      • Market Size and Future Potential, 2015 – 2025
  6. Global Cutting Equipment Market, By End Users, 2016 - 2025 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2025 (%)
      • Segment Trends
    • Automotive
      • Introduction
      • Market Size and Future Potential, 2015 - 2025
    • Construction
      • Introduction
      • Market Size and Future Potential, 2015 - 2025
    • General metal fabrication
      • Introduction
      • Market Size and Future Potential, 2015 - 2025
    • Heavy equipment fabrication
      • Introduction
      • Market Size and Future Potential, 2015 - 2025
    • Shipbuilding & offshore
      • Introduction
      • Market Size and Future Potential, 2015 - 2025
    • Others
      • Introduction
      • Market Size and Future Potential, 2015 - 2025
  7. Global Cutting Equipment Market, By Regions, 2016 - 2025 (US$ Million)
    • Introduction
    • Market Share Analysis, By Region, 2015 and 2025 (%)
      • North America
        • Regional Trends
        • Market Size and Forecast, By Equipment Type, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By End-Use Industry, 2015 - 2025 (US$ Million)
        • By Country
          • US
          • Canada
      • Europe
        • Regional Trends
        • Market Size and Forecast, By Equipment Type, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By End-Use Industry, 2015 - 2025 (US$ Million)
        • By Country
          • Germany
          • U.K.
          • France
          • Italy
          • Spain
          • Rest of Europe
      • Asia Pacific
        • Regional Trends
        • Market Size and Forecast, By Equipment Type, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By End-Use Industry, 2015 - 2025 (US$ Million)
        • By Country
          • China
          • India
          • Japan
          • Australia
          • South Korea
          • ASEAN
          • Rest of Asia Pacific
      • Latin America
        • Regional Trends
        • Market Size and Forecast, By Equipment Type, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By End-Use Industry, 2015 - 2025 (US$ Million)
        • By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Africa
        • Regional Trends
        • Market Size and Forecast, By Equipment Type, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By Technology, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By End-Use Industry, 2015 - 2025 (US$ Million)
        • By Country
          • South Africa
          • Central Africa
          • Northern Africa
      • Middle East & Africa
        • Regional Trends
        • Market Size and Forecast, By Equipment Type, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By Technologies, 2015 - 2025 (US$ Million)
        • Market Size and Forecast, By End-Use Industry, 2015 - 2025 (US$ Million)
        • By Country
          • GCC Countries
          • Israel
          • Rest Of Middle East & Africa
  8. Company Profiles
    • Robert Bosch GmbH *
      • Company Overview
      • Business Focus
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • Stanley Black & Decker, Inc.
    • Makita Power Tools India Pvt. Ltd.
    • ICS Cutting Tools, Inc.
    • Hitachi Koki Co., Ltd.
    • C. Bamford Excavators Limited
    • Klein Tools, Inc.
    • Snap on
    • Otto Baier GmbH
    • Hilti Corporation
  9. Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact
    • Available Customizations
      • Global Industrial Fans and Blowers Market
      • Global Mobile Engine Fabrication Market
      • Global Power Tools Market

*Browse all the market data tables and figures on "Global Cutting Equipment Market - Global forecast to 2025”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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