Cutting Equipment, Accessories & Consumables Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 6.9 Billion by 2033 at a CAGR of 5.2% from 2026 to 2033.
The global cutting equipment, accessories, and consumables market has experienced significant growth, with its size valued at approximately USD 9.03 billion in 2023. Projections indicate that the market will reach around USD 12.28 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030. This expansion is driven by increasing demand across various industries, including automotive, construction, and heavy equipment fabrication. Notably, the automotive sector has emerged as a significant contributor, fueled by the rising global demand for vehicles. The adoption of advanced technologies such as laser and plasma cutting has further propelled market growth, enhancing precision and efficiency in manufacturing processes. Regionally, Asia Pacific has established itself as the dominant market for cutting equipment, accessories, and consumables, attributed to rapid industrialization and substantial growth in end use industries. China, in particular, is projected to achieve a market size of USD 1.8 billion by 2030, growing at a CAGR of 5.5% between 2024 and 2030. This growth is supported by the countrys expansive manufacturing sector and increasing infrastructure development. North America and Europe also represent significant markets, driven by technological advancements and the presence of established manufacturing industries. Opportunities within the market are expanding due to the integration of automation and robotics in cutting processes, as well as the rising emphasis on environmental sustainability, leading to the development of eco friendly cutting technologies.
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Jet Edge Inc.
Ador Welding Ltd.
Kennametal Inc.
Koike Aronson Inc.
Colfax Corporation
Hornet Cutting Systems
Dardi International Corporation
Innovative International Ltd
Epilog Laser Inc.
Amada Miyachi Company
Ltd.
Flow International Corporation
WB Alloy Welding Products Ltd.
Illinois Tool Works
OMAX Corporation
Hypertherm Inc.
DAIHEN Corporation
Wardjet Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cutting Equipment, Accessories & Consumables Market
Laser Cutting Machines
Plasma Cutting Machines
Waterjet Cutting Machines
Oxy-fuel Cutting Machines
Electric Discharge Machines (EDM)
Cutting Torches
Nozzles
Electrodes
Fume Extractors
Pressure Regulators
Cutting Gases
Cutting Fluids
Grinding Wheels
Abrasives
Electrode Tips
Metals
Plastics
Composites
Wood
Glass
Automotive
Aerospace
Construction
Shipbuilding
Metalworking
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cutting Equipment, Accessories & Consumables Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cutting Equipment, Accessories & Consumables Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cutting Equipment, Accessories & Consumables Market, By Type
6. Global Cutting Equipment, Accessories & Consumables Market, By Application
7. Global Cutting Equipment, Accessories & Consumables Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Cutting Equipment, Accessories & Consumables Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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