Global Cutting Equipment Market Expected to Reach 4,900 Thousand Units by 2025

Published On : Nov 20, 2017

The "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), By Geography (North America; Europe; Asia-Pacific; Latin America; and Middle East and Africa) – Global Forecast to 2025" in terms of volume, it is estimated to be valued at 3,400 thousand units in 2016 and expected to witness a CAGR of 3.93% over the forecast period (2017–2025), as highlighted in a report published by Coherent Market Insights.

Significant growth in the construction industry, increasing demand for cutting equipment in several manufacturing industries, wind energy sector and public expenditure from government is expected to drive growth of the global cutting equipment market. Furthermore, the increase in automobile sales and disposable income of consumers along with full capacity utilization of manufacturers play major role in providing the necessary momentum to the cutting equipment, accessories, and consumables market after the economic slowdown. Growing need for automation, increasing demand for cutting equipment from end-user industries and demand for superior-quality products are major drivers for the market.

Browse over 40 Market Data Tables and 60 Figures spread through over 300 Pages and in-depth TOC on "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), By Geography (North America; Europe; Asia-Pacific; Latin America; and Middle East and Africa) – Global Forecast to 2025”

To know the latest trends and insights prevalent in the cutting equipment market, click the link below:

https://www.coherentmarketinsights.com/market-insight/cutting-equipment-market-1037

Key Takeaways of the Cutting Equipment Market:

  • The global cutting equipment market is projected to reach over 4,900 thousand units by 2025, in terms of volume.
  • In terms of volume, the global cutting equipment market is projected to reach 4,900 thousand units by 2025, exhibiting a CAGR of 3.93% from 2017 to 2025.
  • Among equipment types, mechanized type cutting equipment segment accounted for the highest market share in global cutting equipment market in 2016. Increasing demand for automation and rapid industrialization in the emerging economies including China, Japan, and India are expected to drive growth of mechanized cutting equipment segment.
  • The plasma cutting segment is projected to exhibit a CAGR of 6.91% over the forecast period due to rising demand for plasma cutting equipment in automation to deliver superior quality, consistency in product line and less time consumption for production.
  • North America accounted largest market share in the global cutting equipment market and Asia Pacific region is expected to be the fastest growing market for cutting equipment due to rampant growth of end-user industries such as automotive and industrial sector in emerging economies such as China and India.
  • The 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).

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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