Cutting equipment companies specialize in the manufacturing of cutting tools and machinery used in various industries, including metal fabrication, construction, and manufacturing. They produce equipment such as laser cutters, plasma cutters, and CNC machines to facilitate precision cutting processes.
*Disclaimer: List of key companies in no particular order
Top listed global companies in the industry are:
Sharpening the Edge: Navigating the Competitive Landscape of Cutting Equipment
The cutting equipment market is a diverse, dynamic, and often unforgiving realm where precision meets power. From delicate dental drills to heavy-duty industrial saws, these tools carve, slice, and sever their way through countless materials, shaping our world one cut at a time. But beyond the whirring blades and flying sparks lies a competitive landscape as intricate as the cuts themselves. Let's delve into this market, examining key player strategies, market share determinants, emerging trends, and the overall battle for cutting supremacy.
Dominant Players and Their Strategies:
Factors Dictating Market Share:
New and Emerging Trends:
Overall Competitive Scenario:
The cutting equipment market is a battleground where established giants wrestle with innovative startups, all vying for a slice of the pie. Technology is shaping the future, with automation, smart tools, and data-driven solutions becoming crucial differentiators. Sustainability is also emerging as a key factor, pushing manufacturers to develop eco-friendly tools and minimize waste. While price sensitivity remains a concern, the market is increasingly valuing quality, durability, and user-centric features.
In conclusion, navigating the competitive landscape of the cutting equipment market requires a keen understanding of key players, market share determinants, and emerging trends. By offering innovative, reliable, and user-friendly cutting solutions while remaining mindful of affordability and sustainability, companies can sharpen their edge and carve a successful path in this demanding and multifaceted market.
Latest Company Updates:
July 2023
AMADA WELD TECH, a developer of equipment and systems for cutting, welding, marking, sealing, and bonding, has released a line of Galvo scan heads for precision laser welding applications. Galvo scanning heads help precisely direct as well as control the laser beam’s entire movement with the use of galvanometer mirrors (galvos) and then steer the laser beam in any direction with high speed as well as accuracy. These scanning heads are frequently used for beam weaving to increase weld width, multi-point positioning for hermetic seams, and shape welding for hermetic seams.
The Galvo scan heads all have cutting-edge, user-friendly welding software and a programmable pattern to correct for part shape and improve weld performance. Operators are guaranteed a secure working environment thanks to an incorporated safety shutter.
The solutions are made to function with lasers as powerful as 3 kW and with fields as big as 100 × 100 millimetres. To accommodate tolerances in fit-up for seam welds, integrate with a linear stage motion to weld at various workpiece heights, or add a wobble to a linear motion.
March 2023
For the testing standard CSN EN ISO/IEC 17025:2018, GCE Group has been given an accreditation certificate. The five-year certification, obtained by GCE's Research and Development Laboratory in Chotebor, Czech Republic, includes new test procedures and re-accreditation for its prior scope of accreditation.
The GCE Group is a well-known manufacturer in Europe of gas control devices, pressure regulators, valves, and flow meters for oxygen and acetylene welding and cutting apparatus, high-purity gases, and industrial uses in the fields of medicine and electronics. Â
Cutting Equipment Market Size was valued at USD 4.5 Billion in 2022. The Cutting Equipment market is projected to grow from USD 4.9 Billion in 2023 to USD 10.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024 - 2032). The development of heavy industrial equipment, aggressive use of fabricated metal goods, and rising demand for vehicles, ships, and other heavy engineering applications, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The demand for cutting equipment is expected to rise significantly in the automobile, shipbuilding, and other heavy engineering sectors. Developments in large industrial machinery and the aggressive use of goods produced of fabricated metal have an impact on the market as well. As demand has grown, cutting technologies such as plasma, water-jet, oxy-fuel, and others have evolved. Due to the increase in infrastructure-related operations, there is a considerable need for cutting equipment in emerging countries. Utilizing plasma and laser cutters, various widths of synthetic, metallic, and non-metallic materials can have their cutting edges created with extreme accuracy and smoothness.
To achieve high-quality edges and cuts, firms in the automobile sector are implementing a variety of cutting methods. There are more chances for cutting equipment in this business as the automobile sector improves globally. Cutting tools are used in numerous ways to create car parts, frames, and other items in the automotive industry. Several steps in the production of an automobile involve laser cutting. Equipment producers are under pressure to meet specifications and develop specialized cutting tools because of the automotive industry's dynamic environment.
During the forecast period, the global market is anticipated to grow strongly due to the adoption of cutting and bending machines in manufacturing sectors like automotive, aerospace, electrical & electronics, marine & construction. Similar to this, it is anticipated that in the coming years, sales of cutting and bending machines will increase due to the booming sheet metal fabrication industry brought on by the rising demand for sheet metal in industries like aerospace and automotive.
Sales of cutting machines, which are unavoidably used in industrial development and metal manufacture, have increased significantly. The process of creating structures out of raw metal material, which involves cutting, bending, welding, and molding, is known as metal fabrication. The highly cyclical metal fabrication industry is essential to the development of the automotive, aerospace, building, and energy sectors. Thus, driving the Cutting Equipment market revenue.
The Cutting Equipment Market segmentation, based on Cutting Technology, includes plasma, laser, waterjet, and carbon- arc. Over the course of the forecast period, the laser segment is anticipated to rule the market. Over the course of the forecast period, the plasma cutting segment is anticipated to display a sizable CAGR in terms of value. Over the forecast period, the plasma cutting segment is anticipated to expand at a good clip in cost-sensitive regions like APAC and MEA. During the forecast period, the carbon arc segment is anticipated to grow at a listless CAGR. The delayed adoption of this technology in developing nations like India, China, Brazil, and South Africa is the main cause of this reduction.
The Cutting Equipment Market segmentation, based on End User, includes automotive, metal fabrication, construction, aerospace and defense, shipbuilding, and others. In 2022, the automotive category held the top spot. This might be linked to the increased demand for automobiles as well as the expanding use of bending and cutting equipment in the booming automotive sector. Cutting and bending machines have several uses in the automotive industry, which includes everything from designing, developing, creating, and manufacturing automotive cars and all of their parts and components. One of the tools that is most frequently used to guarantee the dependability and safety of the finished product during various phases of automotive manufacturing is the laser cutting machine.
Figure 1: Cutting Equipment Market, by End User, 2024 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Cutting Equipment Market dominated this market in 2022 (45.80%). It is due to an overwhelming demand across businesses for cutting equipment. The customization in the shipbuilding, automobile, and other high-end industries is complemented by this equipment. The Association for Manufacturing Technology (AMT) and U.S. Cutting Tool Institute (USCTI) reported in February 2021 that the U.S. consumed almost USD 157.3 million worth of cutting tools in December 2020, an increase of 4% from November 2020. Further, the U.S. Cutting Equipment market held the largest market share, and the Canada Cutting Equipment market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CUTTING EQUIPMENT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Cutting Equipment market accounted for the healthy market share in 2022. Given that the majority of producers place a strong emphasis on cutting equipment that is technically sophisticated, Europe is one of the developed markets for cutting equipment. As a result, it indicates rapid growth within the projection time. Further, the German Cutting Equipment market held the largest market share, and the U.K Cutting Equipment market was the fastest growing market in the European region
The Asia Pacific Cutting Equipment market is expected to register fastest growth rate from 2023 to 2032. The quickening pace of vehicle manufacturing and the increasing industrial network. Additionally, the low operating costs of the developing nations in this region draw business from businesses engaged in manufacturing. The forecast period is expected to see the highest growth in the ASEAN, China, and India countries. Moreover, China’s Cutting Equipment market held the largest market share, and the Indian Cutting Equipment market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Cutting Equipment market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Cutting Equipment industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Cutting Equipment industry to benefit clients and increase the market sector. In recent years, the Cutting Equipment industry has offered some of the most significant advantages to medicine. Major players in the Cutting Equipment market, including 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-GÃœHRING GmbH and others, are attempting to increase market demand by investing in research and development operations.
Products for welding, cutting, and brazing are designed, developed, and produced by Lincoln Electric Holdings Inc (Lincoln Electric). Arc welding power sources, wire feeding systems, plasma cutters, robotic welding packages, fume extraction equipment, integrated automation systems, fluxes, consumable electrodes, and welding accessories are all offered by the company. Additionally, the business sells regulators and torches used for oxy-fuel welding, cutting, and brazing, as well as CNC plasma and oxy-fuel cutting systems. The automotive, oil and gas, construction and infrastructure, and shipbuilding industries are among the sectors served by Lincoln Electric. It operates across the Middle East, Africa, Asia-Pacific, Europe, and the Americas. Cleveland, Ohio, in the United States, is home to Lincoln Electric's headquarters. The Lincoln Electric Company unveiled "Torchmate 4510," a CNC plasma cutting machine, in December 2020 to boost clients' production capacities across metal cutting processes. When equipped with the "Optional FlexCut 125 power supply," the aforementioned machine increases its ability to support metal sheets up to 1" thick that are 5x10 in size.
A supplier of cutting-edge technologies on a global scale is Messer Cutting Systems. The business offers services to the global standard-setting metalworking industry. As the industry's founder, it provides comprehensive solutions and places a strategic emphasis on its clients and client-driven innovation. With over 900 people spread over 5 main locations with production sites, the company operates in more than 50 countries. The company offers oxyfuel, plasma, and laser cutting systems, as well as oxyfuel welding, cutting, brazing, and heating plant and equipment, ranging from hand-guided machines up to specialized machines for shipbuilding. The program is completed with environmental equipment for the systems as well as spare parts, maintenance, and modernization services. Its software solutions enhance operational and production procedures. Flame Technologies, Inc. (Flame Tech), a US-based producer of goods for the oxyfuel market, was bought by Messer Cutting Systems through an affiliated business in February 2022. With Flame Tech, Messer Cutting Systems improves its standing as a leading provider of pre-heating, steel mill, and oxygen fuel solutions on a global scale.
July 2022 The lightweight, dual-input voltage POWER MIG 215 MPi multi-process welder from Lincoln Electric features a new ergonomic design and is available now.
June 2020 'McLaren Racing' is receiving cutting tools from CERATIZIT S.A. for the manufacture of artificial ventilators. To make the ventilators, the company is supplying drilling equipment, AluLine end mills, CCR-AL Circular Line end mills, and WTX-Ti drills.
North America
Europe
Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
Cutting Equipment Market Highlights:
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