Global Cutting Equipment, Accessories and Consumables Strategic Business Report 2023: Growth in Automobile Industry to Spur Market Demand


Dublin, May 24, 2023 (GLOBE NEWSWIRE) -- The "Cutting Equipment, Accessories and Consumables - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Cutting Equipment, Accessories and Consumables estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$10.9 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.

Plasma Cutting, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$4.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Carbon Arc Cutting segment is readjusted to a revised 3.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 6.7% CAGR

The Cutting Equipment, Accessories and Consumables market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2030.

Select Competitors (Total 46 Featured) -

  • African Oxygen Ltd. (Afrox)
  • Air Liquide SA
  • BOC Ltd.
  • Bug-O Systems Inc.
  • Cavagna Group S.p.A.
  • Colfax Corporation
  • Fronius International GmbH
  • GasIQ AB
  • GCE Group AB
  • Gentec (Shanghai) Corp.
  • Hypertherm, Inc.
  • Illinois Tool Works, Inc.
  • Koike Aronson, Inc.
  • Linde AG
  • Matheson Tri-Gas, Inc.
  • Messer Group GmbH
  • MULLER OPLADEN GmbH
  • Rotarex
  • The Lincoln Electric Company
  • Yildiz Gaz Armaturleri

Key Attributes:

Report AttributeDetails
No. of Pages246
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$8 Billion
Forecasted Market Value (USD) by 2030$10.9 Billion
Compound Annual Growth Rate3.9%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • Impact of Covid-19 and a Looming Global Recession
  • A Market Prelude
  • Cutting Comparisons for Select Technologies
  • Cutting Equipment, Accessories & Consumables Market to Witness Steady Growth
  • Cutting Equipment, Accessories & Consumables - Global Key Competitors Percentage Market Share in 2022 (E)
  • Acquisitions, Mergers, and New Investments among Leading Players to Drive Market Growth
  • Expansions in Product Offerings to Spur Market Demand
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • A Prelude into Leading Players
  • Percentage Breakdown of Market Shares of Cutting Equipment, Accessories & Consumables Market by Leading Players: 2018

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Growth in Global Construction Activity to Bode-Well for Market Growth
  • Percentage Breakdown of Growth Rates for Construction Industry by Region: 2017 and 2021
  • Growth in Automobile Industry to Spur Market Demand
  • Worldwide Car Sales (in Million Units): 1990-2019
  • Growth in the Worldwide Steel Industry to Spur Market Expansion
  • Worldwide Crude Steel Production: 1950-2018
  • Innovations to Widen Market Opportunities
  • Technological Advancements to Provide Impetus for Market Expansion
  • A Glance into Market Trends
  • Myriad Applications to Drive Demand for Cutting Equipment, Accessories & Consumables Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/blz17s

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Global Market for Cutting Equipment, Accessories and Consumables

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