Global Cutting Equipment Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application

Increasing demand for mechanized cutting equipment in fabrication is expected to be one of the major trends fueling growth of the global cutting equipment market in the near future. In developed countries, due to the shortage of skilled labor, the demand for cutting automation technology for fabrication and manufacturing purposes is on a rise. Major companies in several developed countries in North America and Europe have started using cutting robots for their manufacturing processes in order to reduce dependency on manpower. Increasing labor costs in turn increase overall manufacturing cost of products, especially in developed countries. This trend is also gaining popularity in some developing countries.
Rapid growth of end-use industries such as construction, automotive, shipbuilding & offshore, and manufacturing is expected to drive global growth of the cutting equipment market, especially in the APAC region over the assessment period.

Market Analysis and Insights: Global Cutting Equipment Market
In 2020, the global Cutting Equipment market size was US$ 2869 million and it is expected to reach US$ 4178 million by the end of 2027, with a CAGR of 5.1% between 2021 and 2027
Global Cutting Equipment Scope and Market Size
The global Cutting Equipment market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Cutting Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Manual
Mechanized

Segment by Application
Construction
Heavy Metal Fabrication
Shipbuilding & Offshore
Automotive
Others

By Company
Lincoln Electric
Colfax
Illinois Tool Works
Ador Welding
DAIHEN
Hypertherm
Amada Miyachi
KOIKE ARONSON
WB ALLOY WELDING
Kennametal
CERATIZIT
OMAX
Flow International
Barton International
Wardjet
Opta Minerals

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

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