Authored By: Sarah
27 Oct 2023

Cutting Equipment Market Growth Analysis | Amalgamations Group, Berkenhoff GmbH, and ESAB Corp. are among the significant contributors

Competitive Benchmarking and  Forecasts for Core Companies 2023-2027

The Cutting Equipment Market is estimated to exhibit market growth at a CAGR of 5.52% between 2022 and 2027 followed by a market revenue of USD 2,534.24 Mn. Increasing focus on automating the metal cutting process, rising demand for fiber laser cutting machines, and growing investment in the aerospace and defense industry are some of the major determinants of market advancements.

Cutting Equipment Market can be segmented by end-user (automotive, aerospace and defense, metal fabrication, electrical and electronics, and others), technology (laser cutting, plasma cutting, water jet cutting, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

Cutting Equipment Market's growth trajectory is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. In addition, the report offers a deep understanding of the key market players and their product portfolios. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Sample  Report.

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Cutting Equipment Market Players Analysis at a Glance

Key Market Players and their Key Offerings: When it comes to the key market placers in the market landscape companies are implementing strategic alliances and service launches, to enhance their market presence in the Cutting Equipment Market

Some Key Offerings include

  • ESAB Corp. offers cutting equipment such as plasma cutting machines.
  • Illinois Tool Works Inc. offers cutting equipment such as FANUC's next-generation ROBOCUT wire-cutting EDM machine.

Some of the prominent names are Amalgamations Group, Berkenhoff GmbH, FANUC Corp. Gedik Holding, IPG Photonics Corp., Jenoptik AG, Jinan Senfeng Laser Technology Co. Ltd., Koike Aronson Inc., KYOCERA Corp., Laserline GmbH, Mitsubishi Electric Corp., Plansee SE, Sandvik AB, etc. Technavio's report includes qualitative and quantitative analyses of market leaders with a wider understanding of the business ecosystem. 

Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors market players must distinguish their product and service offerings through a clear and unique value proposition. Download our sample report for more insights.

Cutting Equipment Market: Market Highlights

  • The Cutting equipment market is segmented by End-user (Automotive, Aerospace and Defense, Metal fabrication, Electrical and electronics, and Others), Technology (Laser cutting, Plasma cutting, Water jet cutting, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
  • APAC led the market with 42% of the market growth set to originate from this region during the forecast period.
  • Increasing focus on automating the metal cutting process is one of the primary factors driving the growth of the cutting equipment market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 
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