Gas Cutting Machinery Market Size | 2032

Oct 14, 2024

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The global gas cutting machinery market size was USD 710.1 million in 2022. As per our research, the market is projected to touch USD 862.9 million by 2028, exhibiting a CAGR of 3.3% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

A gas cutting machinery is a kind of cutting instrument that uses gas, oxygen, or gasoline combined with oxygen to cut metal. It is mostly used in heavy industries. Portable flame cutting equipment. primarily separated into manual cutting (also known as oxygen gas cutting), CNC cutting machines, copying cutting machines, and semi-automatic cutting machines. The cutting function has become more potent as civilization and science and technology have advanced, and this is what drives the market for gas cutting machines. The primary forms of model structures include cantilever Longmen CNC cutting machines, CNC plasma cutting machines, portable flame cutting machines, and manual copying and cutting machines.

Stationary gas cutting machinery are widely used in industries such as automotive, aerospace and military, industrial machinery and robotics to enhance the efficiency and simplicity of product development processes. However, the utilisation of gas-cutting equipment in these end-user sectors is declining as manufacturers transition to alternative technologies including plasma, laser, and water jet cutting.

End-users in the Asia Pacific gas cutting machinery market share suffered as a result of Covid-19. However, production facilities in several end-user industries have resumed functioning. The demand for gas cutting machines in the region is anticipated to resurge throughout the forecast period as a consequence of the increased resumption of operations among end-users, accelerating the growth of the gas cutting machinery market in Asia Pacific.

"The 3D Technology Additive Manufacturing to Soar Up Market Potentially"

The manufacturing industry is utilizing a revolutionary 3D technique known as additive manufacturing, which builds three-dimensional items from a digital file.3D printing allows for the creation of complicated geometries that would be hard to create using traditional manufacturing techniques. Implementing the 3D printing process results in significant savings in raw material prices, capital costs, and scrap reclamation costs.3D printing also allows for the affordable production of parts, which offsets the high initial cost of 3D technology. According to this industry analysis, one of the important trends that will gain traction in the gas cutting machinery market over the next four years will be the use of additive manufacturing.

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Based on type the market is classified as semi-automatic, manual, CNC and others.

Based on application the market is classified as automobile industry, shipping industry, equipment manufacturing industry and others.

The Simple Operation and Inexpensive Installation to Reinforce the Market Growth

The ease of use and low cost of installation of gas cutting machinery are important market drivers. While other cutting devices, such as PLASMA cutters, can cost between $1,500 and $3,500, installing a gas cutting machine normally costs between $250 and $900. Replacement cutting tips range in price from $10 to $20. Gas cutting machinery can cut metal sheets up to 20 inches thick, which is normally not possible with other types of cutting equipment.

The Rapid Industrialization to Witness Tremendous Market Growth

The world's rising industrialisation is another factor fueling the global market for gas cutting machinery. Both capital expenditures (CAPEX) and operational expenses (OPEX) are greatly reduced by the gas cutting machinery market product. Cutting machines boost productivity while utilising less energy by automating the manufacturing process. As a result, businesses are better able to compete on a worldwide basis.

The Inefficient and Lack of Technical Expertise to Obstruct the Market Growth

A notable challenge for the market for gas-cutting cutting machines over the forecast period would be a lack of suitable technological know-how. For a long time, there has been a gas cutting machinery market based on computer numerical control (CNC). This entails using the machine in conjunction with a computer or microprocessor-based control system to transfer digital input into mechanical motion and carry out the cutting of metal plates operation. Even though the machine is controlled by a microprocessor, a skilled operator must always be present to watch the cutting operation.

A minor inaccuracy in the operation of the control system will result in components of inferior quality and finish. Furthermore, such inefficient production wastes resources. As a result, the gas cutting machinery market growth is hampered by a scarcity of such qualified operators, which are required for the proper operation of CNC gas cutting machinery, making it extremely difficult for new Gas Cutting Machine market participants.

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"Asia Pacific Region to Dominate with Increase in Automobile Production and Increased Government Funding"

During the projection period, Asia Pacific is expected to contribute more than half of the global market's growth. In 2022, Asia Pacific was a crucial market for gas-cutting machines, with China leading the way, followed by India. Due to increased automotive manufacturing in countries such as China, India, and Japan, the gas cutting machine market in China and India is likely to rise at a high rate over the forecast period. Furthermore, the regional gas cutting machine market in Asia Pacific is predicted to develop during the forecast period, owing to increased government funding by the region's end-users.

"Financial Players to Contribute Towards Expansion of Market"

The market is highly competitive, with both international and domestic players. Major players are involved in the launch of new and improved products, collaborations, mergers and acquisitions, joint ventures, and other tactics.The research is an in-depth examination of a list of market participants who promote market growth. The data is a compilation of the most recent manufacturing industry trends, mergers and acquisitions, market research, and technology breakthroughs. To comprehend market share, product growth, revenue growth, and other variables over the forecast period, additional criteria such as regional and segmental analysis are considered.

The SWOT analysis and information on future developments are covered in the study.The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions.

Market Size Value In

US$ 710.1 Million in 2022

Market Size Value By

US$ 862.9 Million by 2028

Growth Rate

CAGR of 3.3% from 2022 to 2028

Forecast Period

2024-2032

Base Year

2023

Historical Data Available

Yes

Regional Scope

Global

Segments Covered

Type and Application

The global gas cutting machinery market is expected to reach USD 862.9 million by 2028.

The gas cutting machinery market is expected to exhibit a CAGR of 3.3% by 2028.

The simple operation, inexpensive installation and rapid industrialization are the driving factors of the gas cutting machinery market.

ESAB, Hornet Cutting Systems, Koike Aronson, Messer Cutting Systems, Nissan Tanaka, Ador Welding, Arcbro Cnc Cutting Machine, Esprit Automation, Haco, Harris Products Group, Shangai Welding & Cutting Tool Works, SteelTailor, Voortman Steel Machinery and others are the key players functioning in the gas cutting machinery market.