Global Metal Cutting Machine Market by Application (Aerospace & Defense, Marine, Automotive), by Product (Plasma, Flame, Laser, Waterjet) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global metal cutting machine market was valued at 6.17 billion USD in 2019. It is projected to grow at a compound annual rate (CAGR of 5.9%) between 2020 and 2027. The key driver for the future is the rising demand for high-efficiency metal cutting machines in various industries such as automotive, electronics and defense. Metal cutting machines are widely used in many industries to cut various types of non-ferrous and ferrous metals into the desired shape. The finished products have multiple benefits, such as a smoother surface or finish, greater dimensional accuracy, intricate shaping, and the required size. The market is expected to grow due to increased demand for mechanized metal cutting machines.

Due to strong product demand from defense, aerospace, and automotive industries, the U.S. dominated North America's metal cutting machine market. Over the forecast period, the market will be driven by technological advances and an increase in military spending. To reduce weight and design complex components, the top aerospace and defense players are using additive manufacturing technology.

Market growth will be supported by increasing investments in the defense and aerospace sectors, as well as a growing demand for electronics from consumers due to rising disposable incomes. Market growth will be further accelerated by rising demand for new technologies and improvements in manufacturing processes.

In many industries, sheet metal cutting is an important process, such as aerospace, marine, construction and electronics. The market is dominated by the latest developments in digital technology, mainly in embedded systems, as well as innovation in additive manufacturing, smart robots, and computerized control.

Globally, the COVID-19 pandemic has triggered a war-like environment. Many countries had to take lockdown measures that stopped all non-essential activities in their countries. These measures had a significant impact on manufacturing activity, which will have a negative effect on demand for metal cutting machines during the forecast period.

Product Insights

Laser cutting machines accounted for 61.6% global revenue share in 2019. The laser cutting machine was the market leader and accounted for 61.6% of global revenue share in 2019. Laser-cutting machines have many advantages including speed, precision, repeatability, high quality, and flexibility.

Plasma cutting machines use an electric arc to heat and ionize the gas in order to create a plasma which is used to cut metal. The plasma cutter is capable of cutting a variety of electrically conductive metals, including stainless steel, aluminum and titanium. These machines produce higher-quality cuts at a faster rate than flame cutting machines.

Over the forecast period, the flame cutting machine product segment will experience an estimated 4.3% CAGR. Flame cutting machine is also known as the Oxy-fuel cutting machine. It works by using the thermo-chemical process which requires high heat and pure oxygen. This machine cuts metal by burning it or oxidizing, so its use is limited to steel and other ferrous materials that can support the oxidizing process.

Waterjet cutters cut metal at high speeds using a pressure stream and high speed. These systems use a high-pressure pump to force water through the waterjet cutting head. An abrasive is often added to water in order to improve its cutting ability for harder materials like metals. This is a nonthermal process. The water cools the metal while it cuts, so there is no heat to affect the metal's chemical or mechanical properties.

Application Insights

The market leader in the automotive sector accounted for 26.1% global revenue share in 2019. This is due to the extensive use of the product in cutting various interior and exterior components of automobiles such as passenger cars and SUVs. These machines can also be used to make components such as carpets, weather stripping, door panels, and chassis.

Metal cutting machines play an important role in the production of aerospace and defense components and equipment. They are used to produce engine parts, engine parts, ignitors and rotary blades as well as composites. Over the forecast period, metal cutting machines will be in high demand due to the increasing use of automation and efficiency measures to lower overhead costs in the aerospace and defense industries.

Over the forecast period, electronics and electrical applications will grow at a 5.8% CAGR. The laser category of metal cutting machines is widely used to produce high-precision, superior-edge quality, high-dimensional components. They can cut small parts such as springs, capacitors and circuit boards with high precision.

Shipbuilding companies use metal cutting machines extensively for ship repair and equipment manufacturing in the maritime industry. This sector includes aircraft carriers, patrol boats and large seagoing vessels for containers. The metal cutting machines are used for cutting the skin of the vessel, as well as parts for hatches and stiffener plates. They also cut block parts, drains, and the skeleton.

Regional Insights

Asia Pacific was the dominant market, accounting for 41.8% of global revenue in 2019. This is due to rapid industrialization and improving economic conditions. The region's product demand will be driven by the rising economies of South Korea, China, India and China. The Asia Pacific region is expected to continue to be a center for high-tech manufacturing, particularly in the electronics, defense, aerospace and automotive industries. This will likely fuel regional market growth.

Metal cutting machines are expected to dominate the North American market. This is due to the increasing demand from the aerospace and defense sectors. In the next few years, the manufacturing of commercial and defense aircraft will be boosted by an increase in military budget. Market growth will also be aided by the presence of major aerospace and defense players.

Over the forecast period, the European market will experience a 5.6% CAGR. The future demand for metal cutting machines will be driven by factors such as the adoption of more energy-efficient technologies, an increase in industrial automation, and technological innovation. The region's strong automotive and manufacturing industries are expected to increase metal cutting machine demand.

The Middle East and Africa region will be driven by the growing construction industry and the increased public and private investments in infrastructural developments in the region. Israel is a major player in the region. The country's strong aviation, electronics and telecommunications sectors are expected to drive product demand during the forecast period.

Market Share Insights & Key Companies

Global and regional players are involved in designing, manufacturing, and distributing various types of metal cutting machine. The market's key players seek to expand their reach and maximize growth through partnerships, acquisitions and agreements. Market buyers are encouraged by the growing demand for mechanized metal cutting machines that can reduce the risk of injury and protect the health of machine operators. There are many players offering energy-efficient, customized metal cutting machines at affordable prices. The following are some of the most prominent players in metal cutting machine markets:

• TRUMPF

• AMADA Co., Ltd.

• Colfax Corporation

• Bystronic Laser AG

• WARDJet

• Koike Aronson, Inc.

• Nissan Tanaka Corporation

• Lincoln Electric Holdings, Inc.

• Water Jet Sweden AB

• Flow International Corporation

• Coherent Inc.

• Messer Cutting Systems.

• Omax Corporation

• Boye Laser Applied Technology Co. Ltd.

• Han's Laser Technology Industry Group Co. Ltd.

Up Market Research published a new report titled “Metal Cutting Machine Market research report which is segmented by Application (Aerospace & Defense, Marine, Automotive), by Product (Plasma, Flame, Laser, Waterjet), By Players/Companies Coherent Inc, Nissan Tanaka Corporation, Omax Corporation, Lincoln Electric Holdings Inc, Han’s Laser Technology Industry Group Co Ltd, Koike Aronson Inc, Colfax Corporation, Messer Cutting Systems, Boye Laser Applied Technology Co Ltd, WARDJet, Flow International Corporation, TRUMPF, Water Jet Sweden AB, AMADA Co Ltd, Bystronic Laser AG”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Metal Cutting Machine Market Report Segments:

The market is segmented by Application (Aerospace & Defense, Marine, Automotive), by Product (Plasma, Flame, Laser, Waterjet).

Metal Cutting Machine Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Metal Cutting Machine Market

Overview of the regional outlook of the Metal Cutting Machine Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Metal Cutting Machine Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Metal Cutting Machine Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Aerospace & Defense

                2. Marine

                3. Automotive

                1. Plasma

                2. Flame

                3. Laser

                4. Waterjet

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Metal Cutting Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Metal Cutting Machine Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.