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The Global Cutting Equipment Market is forecasted to grow by USD 2534.24 mn during 2022-2027, accelerating at a CAGR of 5.52% during the forecast period


Global Cutting Equipment Market 2023-2027. The cutting equipment market is forecasted to grow by USD 2534.24 mn during 2022-2027, accelerating at a CAGR of 5.52% during the forecast period.

New York, Aug. 31, 2023 (GLOBE NEWSWIRE) -- announces the release of the report "Global Cutting Equipment Market 2023-2027" -
The report on the cutting equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing focus on automating the metal cutting process, rising demand for fiber laser cutting machines, and growing investment in the aerospace and defense industry.

The cutting equipment market is segmented as below:
By End-user
• Automotive
• Aerospace and defense
• Metal fabrication
• Electrical and electronics
• Others

By Technology
• Laser cutting
• Plasma cutting
• Water jet cutting
• Others

By Geographical Landscape
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the technological innovations in laser cutting machines as one of the prime reasons driving the cutting equipment market growth during the next few years. Also, rising digitalization in manufacturing processes and growing focus on additive manufacturing will lead to sizable demand in the market.
The report on the cutting equipment market covers the following areas:
• Cutting equipment market sizing
• Cutting equipment market forecast
• Cutting equipment market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cutting equipment market vendors that include Amalgamations Group, Berkenhoff GmbH, ESAB Corp., FANUC Corp., Gedik Holding, Illinois Tool Works Inc., IPG Photonics Corp., Jenoptik AG, Jinan Senfeng Laser Technology Co. Ltd., Koike Aronson Inc., KYOCERA Corp., Laserline GmbH, Mitsubishi Electric Corp., Plansee SE, Sandvik AB, Schlatter Industries AG, The Lincoln Electric Co., TRUMPF SE Co. KG, AMADA Co. Ltd., and DMG MORI Co. Ltd.. Also, the cutting equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report:

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