Cutting Equipment Market to Cross US$ 5 Bn by 2025

Global Market Study
on Cutting
Equipment: Waterjet
Cutting Technology to Gain Increasing Popularity During the Period
of Forecast 2017 - 2025
Persistence Market Research delivers key insights on the global
cutting equipment and consumable/accessory market in its latest
report titled ‘Cutting Equipment Market: Global Industry Analysis
(2012-2016) and Forecast (2017 – 2025)’. In this report,
Persistence Market Research throws light on drivers and restraints
likely to impact the market during the forecast period.
In the latest report by PMR on global cutting equipment market,
the forecast has been revised until 2025. In 2017 was estimated to
be US$ 3.6 Bn and is estimated to reach a value of over US$ 5 Bn
Mn by 2025 end. Owing to macro-economic growth factors (GDP,
inflation, employment, spending) growth in the target market the
market size has been revised for the entire forecast period.
A major factor driving the growth of the global cutting equipment
market, in the present scenario, is strong growth of the automotive
sector. Furthermore, growing constructional industry supported by
global megatrend of urbanization is expected to boost the growth
of the global market. Moreover, promising demand from oil & gas
industry, along with growing demand for cutting products from
renewable energy industry are some of the factors which are
estimated to drive the growth of global cutting equipment market
during the forecast period.
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However, the global cutting equipment market is expected to face
some challenges. Slow adoption of advanced cutting technologies
and high operating cost to remain detaining factor may impact the
bargaining power of consumers. These are the factors that may
impact the demand for cutting equipment, thus in turn is
restricting the revenue growth of the global cutting equipment
market.
The cutting equipment market is segmented by cutting technology
into plasma, oxy-fuel, laser, waterjet, and carbon-arc
By cutting technology, laser cutting technology segment is
anticipated to continue to dominate the market in terms of value
over the forecast period. The waterjet segment is expected to
reflect high value and volume growth during the forecast period
and is expected to register a value CAGR of 7.4% throughout the
period of forecast.
In terms of equipment type, mechanized is estimated to
dominate the global cutting equipment market with a high market
valuation.
By end use, the others segment is the largest with high market
value. The shipbuilding and offshore segment is expected to rise at
a high CAGR of 6.3% during the period of forecast.
By region, Asia Pacific is expected to reflect high lucrativeness in
the coming years. In 2016, majority of the cutting equipment were
sold in Asia Pacific, followed by North America andEurope. The
sales of cutting equipment in North America and Europe is
expected to be driven by strong adoption of highly precise and
advanced cutting technology.
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The report highlights some of the top companies operating in the
global cutting equipment market such as The Lincoln Electric
Company, Colfax Corporation, Illinois Tool Works, Daihen
Corporation, Hypertherm Inc., GCE Holding AB, Amada Miyachi
America Inc., Koike Aronson Inc., Genetec (Shanghai) Corporation,
among others.
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https://www.persistencemarketresearch.com/market-research/cuttingequipment-market/toc
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