Global Cutting Equipment Accessories And Consumables Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 8.27 Billion |
 Market Size (Forecast Year) |
USD 12.13 Billion |
 CAGR |
% |
| Major Markets Players |
Global Cutting Equipment, Accessories and Consumables Market, By Technology (Carbon Arc Cutting, Plasma Cutting, Oxy-fuel Cutting, Laser Cutting, Water Jet Cutting), Equipment (Manual Cutting Equipment, Mechanized Cutting Equipment), Accessories (Gas Regulators, Gas Flowmeters, Gas Filters Check Valves, Gas Manifolds Flow Controllers, Gas Panels, Gas Cabinets), Consumables (Shielding Gases, Oxy-Fuel Gases), End User (General Fabrication, Automotive, Heavy Fabrication, Shipbuilding, Structural, Maintenance and Repair, Pipe Mill, Offshore, Pipeline, Power Industry) – Industry Trends and Forecast to 2029
Cutting Equipment, Accessories and Consumables Market Analysis and Size
Over the last few years, one of the key determinants driving growth of the global cutting equipment market is the rise in demand for mechanized cutting equipment in fabrication. The demand for cutting automation technology for fabrication and industrial purposes is increasing in developed countries as a result of the lack of qualified workers.
Global cutting equipment, accessories and consumables market was valued at USD 8.27 billion in 2021 and is expected to reach USD 12.13 billion by 2029, registering a CAGR of 4.90% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Cutting Equipment, Accessories and Consumables Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Technology (Carbon Arc Cutting, Plasma Cutting, Oxy-fuel Cutting, Laser Cutting, Water Jet Cutting), Equipment (Manual Cutting Equipment, Mechanized Cutting Equipment), Accessories (Gas Regulators, Gas Flowmeters, Gas Filters Check Valves, Gas Manifolds Flow Controllers, Gas Panels, Gas Cabinets), Consumables (Shielding Gases, Oxy-Fuel Gases), End User (General Fabrication, Automotive, Heavy Fabrication, Shipbuilding, Structural, Maintenance and Repair, Pipe Mill, Offshore, Pipeline, Power Industry) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
O'Neal Manufacturing Services (U.S.), Interplex Holdings Pte. Ltd. (Singapore), Komaspec (China), LancerFab Tech Pvt. Ltd. (India), BTD Manufacturing (U.S.), Kapco Metal Stamping (U.S.), Watson Engineering, Inc. (U.S.), Matcor-Matsu Group (Canada), STANDARD IRON and WIRE WORKS, INC. (U.S.), PA International (Belgium), Mayville Engineering Company, Inc. (U.S.), Aleris Corporation (U.S.), Mazak Corporation (Japan), TRUMPF (Germany), DMG MORI. (Germany), weMFG. (U.S.), R5 Metal Fabricators, Inc. (U.S.) and N.W. Metal Fabricators, Inc., (U.S.) |
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Market Opportunities |
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Market Definition
The cutting equipment, accessories, and consumables (also referred as cutter) is a piece of machinery used to remove material from a workpiece by shearing deformation. Cutting tools, accessories, and consumables are vital to the industrialization and manufacturing processes required for the long-term success of any economy. The core of every industrial business is cutting equipment, together with any necessary accessories and consumables. Handheld and mechanical plasma cutters, high-definition plasma cutters, CNC plasma cutting tables, retrofit systems, pipe and tube cutters, form cutting controls, and plasma torch consumables are some of the most popular cutting equipment.
Cutting Equipment, Accessories and Consumables Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Numerous Benefits offered by Cutting Equipment, Accessories and Consumables
The plasma cutting equipment, accessories, and consumables have become essential industrial equipment due to their capacity to create high-quality cutting in a shorter preparation time. Carbon fiber reinforced polymer (CFRP), which is less expensive than PCD (polycrystalline diamond) equipment, has had a significant impact on the market for cutting tools, accessories, and consumables. The strength, adaptability, and corrosion resistance of CFRP are advantageous to the automotive and aerospace industries. Cutting tools, attachments, and consumables have many benefits, including boosted productivity, improved time management, and flexibility which further boost the overall market’s growth over the forecast period.
- Increased Adoption across Industries
The laser systems for material processing are highly sought after in a number of different industries, including aerospace, building, industrial machinery, automotive, and others due to their advantages. It is a crucial element in the market for cutting tools, accessories, and consumables. Industrial cutting tools, accessories, and consumables are essential to the overall production of commodities within the industries. Various vertical industries, including metal foundries and the automobile industry, have adopted cutting technology. Consequently, the increased adoption across industries further accelerate the market expansion rate.
Furthermore, the increase in the disposable income of middle-class people coupled with their increased their purchasing power will further propel the growth rate of cutting equipment, accessories and consumables market. Additionally, due to the rising demand for sophisticated cutting equipment, accessories and consumables, industrialists are implementing them to reduce time and improve outputs.
Opportunities
- Advanced Technologies And Growing Research And Development
Furthermore, the advanced cutting technologies further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing research and development activities within the market will further expand the future growth of the cutting equipment, accessories and consumables market.
Restraints/Challenges
- Cost and installation Issues
The high cost of cutting equipment, accessories, and consumables along with the complexity of setting up cutting machines will further impact the market negatively, as it declines the affordability rate amongst consumers.
- Slower Growth Rate
The slow growth of the various verticals such as the aerospace and defense and shipbuilding industries will further challenge the cutting equipment, accessories and consumables market growth rate.
This cutting equipment, accessories and consumables market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cutting equipment, accessories and consumables market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Cutting Equipment, Accessories and Consumables Market
The cutting equipment, accessories and consumables market largely suffered due to the coronavirus. In the automobile, electronics, building and construction, consumer products, and other industries, cutting tools, accessories, and consumables are frequently utilized. Large-scale firms in the automotive industry have been impacted by factors like disruption in value chain studies. Global travel restrictions and the temporary suspension of manufacturing hubs, for instance, have a negative impact on significant exporters of automobile parts from China and have forced automakers to shift throughout Europe. Additionally, auto assembly plants across the United States have been shut down due to the danger of infection among employees, adding pressure on the already tight supply of cars.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Cutting Equipment, Accessories and Consumables Market Scope
The cutting equipment, accessories and consumables market is segmented on the basis of technology, equipment, accessories, consumables, end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Carbon Arc Cutting
- Plasma Cutting
- Oxy-fuel Cutting
- Laser Cutting
- Water Jet Cutting
Equipment
- Manual Cutting Equipment
- Mechanized Cutting Equipment
Accessories
- Gas Regulators
- Gas Flowmeters
- Gas Filters Check Valves
- Gas Manifolds Flow Controllers
- Gas Panels
- Gas Cabinets
Consumables
- Shielding Gases
- Oxy-Fuel Gases
End User
- General Fabrication
- Automotive
- Heavy Fabrication
- Shipbuilding
- Structural
- Maintenance and Repair
- Pipe Mill
- Offshore
- Pipeline
- Power Industry
Cutting Equipment, Accessories and Consumables Market Regional Analysis/Insights
The cutting equipment, accessories and consumables market is analyzed and market size insights and trends are provided by country, technology, equipment, accessories, consumables, end user as referenced above.
The countries covered in the cutting equipment, accessories and consumables market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rapidly expanding need in end-use industries such as infrastructural, industrial, commercial, and marine within the region.
North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the growing automobile industry and increased applications of the cutting equipment, accessories and consumables.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cutting Equipment, Accessories and Consumables Market Share Analysis
The cutting equipment, accessories and consumables market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cutting equipment, accessories and consumables market.
Some of the major players operating in the cutting equipment, accessories and consumables market are
- O'Neal Manufacturing Services (U.S.)
- Interplex Holdings Pte. Ltd. (Singapore)
- Komaspec (China)
- LancerFab Tech Pvt. Ltd. (India)
- BTD Manufacturing (U.S.)
- Kapco Metal Stamping (U.S.)
- Watson Engineering, Inc. (U.S.)
- Matcor-Matsu Group (Canada)
- STANDARD IRON and WIRE WORKS, INC. (U.S.)
- PA International (Belgium)
- Mayville Engineering Company, Inc. (U.S.)
- Aleris Corporation (U.S.)
- Mazak Corporation (Japan)
- TRUMPF (Germany)
- DMG MORI (Germany)
- weMFG. (U.S.)
- R5 Metal Fabricators, Inc. (U.S.)
- N.W. Metal Fabricators, Inc., (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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