Handheld Plasma Cutters Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The global handheld plasma cutters market has experienced substantial growth from 2018 to 2022, driven by increasing demand across industries such as automotive, manufacturing, construction, and metal fabrication. Plasma cutters, known for their precision and versatility, became an essential tool in various sectors that require high-efficiency metal cutting. In 2022, the market was valued at approximately USD 2 billion, reflecting a robust demand. The key factors contributing to this growth included the expansion of the automotive sector, technological advancements in plasma cutting, and a shift towards portable and more affordable cutting tools. Additionally, the rising trend of DIY metalworking and small-scale industrial operations helped propel the demand for handheld plasma cutters during this period.
Looking ahead to the forecast period from 2023 to 2033, the handheld plasma cutters market is expected to witness continued growth, albeit at a more moderated pace compared to the explosive surge of 2018 to 2022. Industry analysts predict that the market will expand at a compound annual growth rate (CAGR) of 4% to 5% over the next decade. This growth is largely attributed to the continued adoption of automation and advanced manufacturing technologies, as well as the increasing need for efficient cutting tools in construction, repair, and maintenance tasks. The demand for handheld plasma cutters will also benefit from the rising trend of small-scale businesses and entrepreneurs looking to enter the metalworking industry, as the cost-effectiveness and portability of these tools offer significant advantages.
Factors such as improving energy efficiency, longer tool life, and enhanced user safety will play a crucial role in driving market growth. The shift towards more sustainable production methods is expected to increase the demand for eco-friendly plasma cutting equipment, further contributing to the market's expansion. Moreover, advancements in inverter-based plasma cutting systems are expected to push the boundaries of cutting capabilities, enabling even greater precision and material flexibility. As demand from emerging economies grows, especially in regions like Asia-Pacific and Latin America, the market is poised for increased competition from both established and new players seeking to capitalize on the rising demand.
Get an In-Depth Research Analysis of the Global Handheld Plasma Cutters Market Size And Forecast [2025-2032]
Hypertherm
Lincoln Electric
ESAB
ITW
GYS
Shanghai Greatway
Chengdu Huayuan
Shanghai Hugong
Helvi SpA
CEA
Gala Gar
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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.
Get Discount On The Purchase of the Global Handheld Plasma Cutters Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Handheld Plasma Cutters Market
Automotive
Industrial and General Fabrication
HVAC
Others
Based on Types the Market is categorized into Below types that held the largest Handheld Plasma Cutters market share In 2023.
1-phase Power
3-phase Power
Global (United States, Global 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)
For More Information or Query, Visit @ Handheld Plasma Cutters Market Research Analysis
1. Introduction of the Global Handheld Plasma Cutters 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 Handheld Plasma Cutters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Handheld Plasma Cutters Market, By Type
6. Global Handheld Plasma Cutters Market, By Application
7. Global Handheld Plasma Cutters Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Handheld Plasma Cutters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/