Cutting Equipment, Accessories & Consumables Market
Cutting Equipment, Accessories & Consumables Market Size, Share, and Trends Analysis Report, By Equipment (Manual and Mechanized), By Type (Cutting Technology (Plasma Cutting, Oxy fuel Cutting, Laser Cutting, Waterjet Cutting, Carbon Arc Cutting)), accessories and consumables), By End-User Industry (Construction, Heavy Metal Fabrication, Shipbuilding & Offshore, Automotive, and Others), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Cutting equipment, accessories & consumables market is anticipated to grow at a CAGR of 6.2% during the forecast period. The global cutting equipment, accessories & consumables industry growth is backed by the increased demand for automation in the manufacturing industry and the surge in the use of cutting equipment, accessories & consumables across various sectors such as electronics, defense, marine, construction, and aerospace. Plasma cutting technology used in the manufacturing sector to cut steel and other metals has gained high popularity in recent years. The plasma cutting machine offers a precious cutting option in the industry. Demand for plasma cutting machines is expected to increase during the forecast period which in turn will drive the market growth. As demand increases, advanced cutting technologies are evolving, and companies are investing more in R&D activities to gain a competitive gain in terms of manufacturing efficiency. Whereas rise in penetration of automation in the global industrial sector is also projected to propel the market during the forecast period.
Segmental Outlook
The global cutting equipment, accessories & consumables market is segmented based on equipment, cutting technology, and end-user industry. Based on equipment, the market is sub-segmented into manual and mechanized. Based on type, the market is segmented into cutting technology, accessories, and consumables. Based on cutting technology, the market is subdivided into plasma cutting, oxy-fuel cutting, laser cutting, waterjet cutting, and carbon arc cutting. Among these, the plasma cutting technology segment is likely to gain a notable share in the market during the forecast period. The segment growth is attributed to the growing demand from manufacturing industries in major economies. Plasma cutting ability to cut metals with efficiency and effectiveness in less time, due to this, the technology is high in demand for plasma cutting machines for cutting metals. Further, based on end-user industry, the market is again classified into construction, heavy metal fabrication, shipbuilding & offshore, automotive, and others.
Regional Outlook
Geographically, the global market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). The Asia-Pacific is likely to grow at the fastest rate in the cutting equipment, accessories & consumables market due to surging industrialization in Asia-Pacific.
Global Cutting Equipment, Accessories & Consumables Market Growth, By Region 2022-2028
North America Holds High Share in Cutting Equipment, Accessories & Consumables Market
Geographically, North America held the largest share in the cutting equipment, accessories & consumables market in 2021. The US and Canada are the major economies that contributed a high significant share of the market expansion. The growing automobile industry and increased applications of cutting equipment, accessories, and consumables in end-user industries such as infrastructure, industrial, commercial, and marine have propelled the market growth. In addition, the large population of the region has led to the increasing demand for housing, and this has led to the increasing demand for cutting equipment and accessories.
Market Players Outlook
The major market players in the global cutting equipment, accessories & consumables market include Colfax Corp, Illinois Tool Works Inc., Lincoln Electric Co., Air Liquide S.A., GCE holding AB, Koike Aronson, Inc., Fronius International GMBH, The Linde Group, and among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in May 2022, Air Liquide and Lhoist signed a Memorandum of Understanding (MoU) intending to decarbonize Lhoist’s lime production plant located in Réty, in the Hauts-de-France region, using Air Liquide’s innovative and proprietary CryocapTM carbon capture technology.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cutting equipment, accessories & consumables market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Cutting Equipment, Accessories & Consumables Market by Equipment
4.1.1. Manual
4.1.2. Mechanized
4.2. Global Cutting Equipment, Accessories & Consumables Market by Type
4.2.1. Cutting Technology
4.2.1.1. Plasma Cutting
4.2.1.2. Oxy Fuel Cutting
4.2.1.3. Laser Cutting
4.2.1.4. Waterjet Cutting
4.2.1.5. Carbon Arc Cutting
4.2.2. Accessories (Gas Regulators, Gas Flowmeters, Gas Filters Check Valves, Gas Manifolds Flow Controllers, Gas Panels, Gas Cabinets)
4.2.3. Consumables (Shielding Gases, Oxy-Fuel Gases)
4.3. Global Cutting Equipment, Accessories & Consumables Market by End-User Industry
4.3.1. Construction
4.3.2. Heavy Metal Fabrication
4.3.3. Shipbuilding & Offshore
4.3.4. Automotive
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Ador Welding, Ltd.
6.2. Air Liquide S.A.
6.3. Amada Weld Tech Co., Ltd.
6.4. BUG-O Systems
6.5. Colfax Corp.
6.6. DAIHEN Corp.
6.7. Dardi International Corp.
6.8. Epilog Laser, Inc.
6.9. Flow International Co.
6.10. GCE holding AB
6.11. Gentec-EO
6.12. Hornet Cutting Systems
6.13. Hypertherm, Inc.
6.14. Illinois Tool Works, Inc.
6.15. Innovative International, Ltd.
6.16. Jet Edge, Inc.
6.17. Kennametal, Inc.
6.18. Koike Aronson, Inc.
6.19. Lincoln Electric, Co.
6.20. Matheson tri-gas, Inc.
6.21. Messer Group
6.22. OMAX Corp.
6.23. The Linde Group
6.24. Wardjet, Inc.
6.25. WB Alloy Welding
1. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2021-2028 ($ MILLION)
2. GLOBAL MANUAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL MECHANIZED CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY CUTTING TECHNOLOGY, 2021-2028 ($ MILLION)
5. GLOBAL PLASMA CUTTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL OXY FUEL CUTTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL LASER CUTTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL WATERJET CUTTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL CARBON ARC CUTTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
11. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES FOR CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES FOR HEAVY METAL FABRICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES FOR SHIPBUILDING & OFFSHORE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES FOR OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. NORTH AMERICAN CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2021-2028 ($ MILLION)
19. NORTH AMERICAN CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY CUTTING TECHNOLOGY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
21. EUROPEAN CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2021-2028 ($ MILLION)
23. EUROPEAN CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY CUTTING TECHNOLOGY, 2021-2028 ($ MILLION)
24. EUROPEAN CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY CUTTING TECHNOLOGY, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
29. REST OF THE WORLD CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY EQUIPMENT, 2021-2028 ($ MILLION)
31. REST OF THE WORLD CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY CUTTING TECHNOLOGY, 2021-2028 ($ MILLION)
32. REST OF THE WORLD CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
1. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SHARE BY EQUIPMENT, 2021 VS 2028 (%)
2. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SHARE BY CUTTING TECHNOLOGY, 2021 VS 2028 (%)
3. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SHARE BY END-USER INDUSTRY, 2021 VS 2028 (%)
4. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL MANUAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL MECHANIZED CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL PLASMA CUTTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL OXY FUEL CUTTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL LASER CUTTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL WATERJET CUTTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL CARBON ARC CUTTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES FOR CONSTRUCTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES FOR HEAVY METAL FABRICATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES FOR SHIPBUILDING & OFFSHORE MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES FOR AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES FOR OTHER END-USERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL CUTTING ACCESSORIES MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
18. GLOBAL CUTTING CONSUMABLES MARKET RESEARCH AND ANALYSIS, 2021-2028 ($ MILLION)
19. US CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
20. CANADA CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
21. UK CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
22. FRANCE CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
23. GERMANY CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
24. ITALY CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
25. SPAIN CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF EUROPE CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
27. INDIA CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
28. CHINA CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
29. JAPAN CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD CUTTING EQUIPMENT, ACCESSORIES & CONSUMABLES MARKET SIZE, 2021-2028 ($ MILLION)
