The Gas Cutting Machine Market is being driven by Growing demand from conventional end-users of gas cutting machines
The Gas Cutting Machine Market is expected to grow at a CAGR of 1.58% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 72 million. In today's business landscape, productivity and efficiency are paramount to maintain a competitive edge. With the rise of remote work, employees are estimated to spend approximately 40% of their time away from their desks. To maximize productivity, gas cutting machine vendors are introducing android-based CNC software solutions. These innovative offerings enable operators to control the machine, transfer programs, monitor machine status, and access related information via smartphones. By streamlining operations with minimal workforce requirements, these CNC solutions are revolutionizing the gas cutting machine market and contributing significantly to organizational productivity.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 1.58% |
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Market growth 2024-2028 |
USD 72 million |
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Market structure |
fragmentation |
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YoY growth 2023-2024(%) |
1.54 |
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Key countries |
US, China, Germany, Japan, UK, Australia, India, France, Brazil, UAE, Rest of World (ROW), Saudi Arabia, France, South Korea, Mexico, Italy, and Spain |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Gas Cutting Machine market encompasses a range of industrial equipment used for cutting various metals using a high-temperature gas jet. This market caters to the Robotics industry, Industrial machinery industry, and Military industry, among others. The market offers different models such as Semi-automatic cutting machines, Copying cutting machines, and CNC cutting machines. These machines use gases like Oxygen, Gasoline, and other fuels to generate a high-velocity jet that melts and then cuts through the metal. Heavy industries, Steel processing industries, and Aerospace sectors heavily rely on Gas Cutting Machines for their operations. The market also includes Portable Flame Cutting machines for on-site applications. The market's key components include Cutting torches, Welding torches, and Consumables. The use of advanced technologies like Robotics and Computer Numerical Control (CNC) in Gas Cutting Machines enhances their precision and efficiency. The market's growth is driven by the increasing demand from various industries and the continuous advancements in technology.
The industrial machinery, supplies, and component market encompasses businesses involved in the manufacturing of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the market size is determined by the consolidated revenue generated by machinery and component manufacturers catering to the industrial sector. Factors driving growth in this market include expanding industrial production in process and discrete industries, particularly in developing countries, resulting in increased demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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