Expected to drive Cutting Equipment Market expansion in the near future at a CAGR of 9.50% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the "Cutting Equipment Market”

MRFR recognizes the following companies as the key players in the global Cutting Equipment market— Illinois Tool Works, AMADA WELD TECH, The Lincoln Electric Company, Colfax Corporation, Koike Aronson, Inc., GCE Group, Ador Welding Ltd., OMAX Corporation, Hypertherm, Inc., Jet Edge, Inc., DAIHEN Corporation, V.V Mineral, OTTO BAIER GmbH, ICS Cutting Tools, Inc., Snap-on Incorporated, CERATIZIT S.A., Opta Group LLC., WB Alloys Welding Products Ltd, Kennametal Inc., Samtectools, HOLLFELDER-GÜHRING GmbH and others.

Market Highlights

The global Cutting Equipment market is accounted to register a CAGR of 9.50% during the forecast period and is estimated to reach USD 10.18 billion by 2032.

The development of large industrial machinery, the aggressive usage of goods made of fabricated metal, and the increasing demand for automobiles, ships, and other heavy engineering applications are the main factors boosting market expansion. In the automotive, shipbuilding, and other heavy engineering industries, there will likely be a major increase in the need for cutting equipment. The market is also impacted by advancements in heavy industrial machinery and the aggressive use of products made of fabricated metal. Cutting technologies including plasma, water-jet, oxy-fuel, and others have developed as demand has increased. Cutting equipment is greatly needed in growing nations because to the rise in infrastructure-related operations.

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Segment Analysis

The global Cutting Equipment market has been segmented based technology and End User.

On the basis of technology, the market is segmented into plasma, laser, waterjet, and carbon- arc. The laser category is predicted to dominate over the forecasted period. The plasma cutting segment is predicted to exhibit a significant CAGR in terms of value over the course of the forecast period.  

Based on End User, the global cutting equipment market has been segmented into automotive, metal fabrication, construction, aerospace and defense, shipbuilding, and others. The automotive category was in first place in 2022. This may be related to the rising demand for cars as well as the expanding use of bending and cutting machinery in the booming automotive industry.

Regional Analysis

The global Cutting Equipment market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Cutting Equipment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Cutting Equipment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Cutting Equipment market comprises of Middle East, Africa, and Latin America.

The largest market share for Cutting Equipment was maintained by the North American regional sector. It is a result of the enormous demand for cutting equipment among enterprises. This equipment complements the customizing in the shipbuilding, automotive, and other high-end industries.

Moreover, the Europe market has been persistently growing over the forecast period. Europe is one of the developed markets for cutting equipment since the majority of producers lay a great emphasis on cutting equipment that is technically sophisticated. Therefore, it suggests quick growth during the projection period.

The Asia Pacific Cutting Equipment market is expected to register fastest growth rate from 2023 to 2032. The accelerating rate of auto production and the expanding industrial network. The cheap operational costs of the emerging countries in this region also attract business from manufacturers.

Furthermore, the rest of the world's Cutting Equipment market is divided into the Middle East, Africa, and Latin America. The LAMEA cutting equipment market is expanding as a result of the region's rising need for precision cutting tools and cutting-edge production techniques. The market is extremely competitive and is seeing the adoption of cutting-edge features and technology.

Key Findings of the Study

• The global Cutting Equipment market is expected to reach USD 10.18 billion by 2032, at a CAGR of 9.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the cheap operational costs of the emerging countries in this region also attract business from manufacturers


• Based on end user, the automotive segment was attributed to holding the largest market in 2022, with an approximate market share of 74.54%.


• Illinois Tool Works, AMADA WELD TECH, The Lincoln Electric Company, Colfax Corporation, Koike Aronson, Inc., GCE Group, Ador Welding Ltd., OMAX Corporation, Hypertherm, Inc., Jet Edge, Inc., DAIHEN Corporation, V.V Mineral, OTTO BAIER GmbH, ICS Cutting Tools, Inc., Snap-on Incorporated, CERATIZIT S.A., Opta Group LLC., WB Alloys Welding Products Ltd, Kennametal Inc., Samtectools, HOLLFELDER-GÜHRING GmbH and others