Cutting Equipment Market Size

Increasing demand across automotive, shipbuilding and other heavy engineering applications is driving the market growth

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.

Sustainability initiatives are becoming increasingly relevant within the Global Cutting Equipment Market Industry. Companies are actively seeking cutting solutions that minimize waste and energy consumption, aligning with global environmental standards. For instance, manufacturers are developing eco-friendly cutting technologies that reduce emissions and enhance material utilization. This shift towards sustainable practices not only meets regulatory requirements but also appeals to environmentally conscious consumers. As sustainability becomes a priority, the market is likely to see a surge in demand for cutting equipment that supports these initiatives, thereby fostering long-term growth.

The Global Cutting Equipment Market Industry is projected to experience substantial growth over the next decade. With a market value anticipated to reach 5.91 USD Billion in 2024 and 16.0 USD Billion by 2035, the industry is set for a remarkable trajectory. The compound annual growth rate of 9.5% from 2025 to 2035 indicates a robust demand for cutting equipment across various sectors. This growth is driven by technological advancements, increasing end-user demand, and a focus on sustainability. The charts below illustrate the projected market growth, highlighting key trends and potential opportunities within the industry.

The Global Cutting Equipment Market Industry experiences a notable influence from rapid technological advancements. Innovations in cutting technologies, such as laser cutting and waterjet cutting, enhance precision and efficiency, thereby attracting various sectors including automotive and aerospace. For instance, the integration of automation and robotics in cutting processes streamlines operations, reducing labor costs and increasing productivity. As a result, the market is projected to reach 5.91 USD Billion in 2024, reflecting a growing demand for sophisticated cutting solutions. This trend indicates that companies are increasingly investing in advanced cutting equipment to maintain competitive advantages in a dynamic market.

The Global Cutting Equipment Market Industry is poised for growth due to the expansion of the construction sector. As urbanization accelerates globally, the demand for cutting equipment in construction applications, such as concrete cutting and metal fabrication, increases. This sector's growth is supported by government investments in infrastructure projects, which further drive the need for efficient cutting solutions. The construction industry's robust performance is expected to contribute significantly to the market's expansion, with projections indicating a compound annual growth rate of 9.5% from 2025 to 2035. This trend highlights the critical role of cutting equipment in facilitating construction activities.

Emerging markets are playing a pivotal role in shaping the Global Cutting Equipment Market Industry. As globalization fosters trade and economic development, countries in Asia-Pacific and Latin America are witnessing increased investments in manufacturing and industrial sectors. This growth leads to heightened demand for cutting equipment, as businesses seek to enhance production capabilities. The expansion of these markets is likely to drive innovation and competition, resulting in a diverse range of cutting solutions tailored to local needs. Consequently, the market is expected to benefit from this trend, further solidifying its global presence.

The Global Cutting Equipment Market Industry is significantly driven by the rising demand from end-user industries such as manufacturing, construction, and metalworking. These sectors require efficient cutting solutions to meet production targets and quality standards. For example, the automotive industry relies heavily on cutting equipment for precision parts manufacturing. The anticipated growth in these industries suggests a robust market trajectory, with projections indicating a rise to 16.0 USD Billion by 2035. This increasing demand underscores the necessity for cutting equipment that can handle diverse materials and complex designs, further propelling market expansion.

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-GÜHRING 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.