The global Cutting Equipment market was valued at 2840.57 Million USD in 2021 and will grow with a CAGR of 4.75% from 2021 to 2027,
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Increasing demand for mechanized cutting equipment in fabrication is expected to be one of the major trends fueling growth of the global cutting equipment market in the near future. In developed countries, due to the shortage of skilled labor, the demand for cutting automation technology for fabrication and manufacturing purposes is on a rise. Major companies in several developed countries in North America and Europe have started using cutting robots for their manufacturing processes in order to reduce dependency on manpower. Increasing labor costs in turn increase overall manufacturing cost of products, especially in developed countries. This trend is also gaining popularity in some developing countries.Rapid growth of end-use industries such as construction, automotive, shipbuilding & offshore, and manufacturing is expected to drive global growth of the cutting equipment market, especially in the APAC region over the assessment period.
By Market Verdors:
- Lincoln Electric
- Colfax
- Illinois Tool Works
- Ador Welding
- DAIHEN
- Hypertherm
- Amada Miyachi
- KOIKE ARONSON
- WB ALLOY WELDING
- Kennametal
- CERATIZIT
- OMAX
- Flow International
- Barton International
- Wardjet
- Opta Minerals
By Types:
By Applications:
- Construction
- Heavy Metal Fabrication
- Shipbuilding & Offshore
- Automotive
Key Indicators Analysed
- Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
- Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
- Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
- Opportunities and Drivers: Identifying the Growing Demands and New Technology
- Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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- To understand the future outlook and prospects for the market.
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