The global Metal cutting machine market is forecast to reach a value of USD 9,492.8 Million by 2027, according to the latest report offered by Reports and Data. Demand for metal cutting machines has been growing significantly, and this can be attributed to increasing deployment in the automotive industry. Metal cutting machines find widespread usage in the manufacturing of internal and external body parts and vehicle components. Metal cutting machines are proving to be immensely beneficial in producing intricate metal parts. The major benefit of these machines is that they can be used to create very precise finishes with smooth edges, which improves the output quality of finished products, and reduces wastage of metals. Metal cutting is used in different stages of automotive production to ascertain the reliability and safety aspects of the end-products. Currently, around 80 million vehicles are sold worldwide annually, and demand and deployment of metal cutting machines in the automotive industry is projected to continue to increase significantly for production of various vehicle components.

Top Companies Operating in the Global Metal Cutting Machine Market:

Colfax Corporation, Koike Aronson Inc., Flow International Corporation, Omax Corporation, TRUMPF, Bystronic Laser AG, Nissan Tanaka Corporation, Coherent Inc., Amada Co. Ltd., and Lincoln Electric Holdings Inc.

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Further key findings in the report

  • The waterjet cutting machine segment revenue is projected to increase at a significant rate over the forecast period. This type of metal cutting machine offers manufacturing flexibility in a range of applications, and has the ability to cut asymmetrical shapes with high accuracy and edge quality from almost any metal. Edge quality is a major benefit of using water jet cutting, as it creates a smooth, even, burr-free edge.
  • Demand for on-demand cutting of metals and rapid prototyping is relatively high in the aerospace industry owing to the need for faster and more efficient methods of producing metal sheet parts and without any complex production process. Manufacturing at scale can be cost-intensive for aerospace manufacturers. Metal cutting machines enable manufacturers to produce and test several porotypes on-field at low cost before commencement of manufacturing at scale, thereby resulting in significant cost saving.
  • Several industrial manufacturers have started deploying CNC machining in their manufacturing process, as it offers effective, appropriate, and definite production capacity needed to deliver a larger quantity of end-products.
  • The metal cutting machines market in North America accounted for a substantial market share in 2019 due to growth of the aerospace & defense and automotive sectors. Furthermore, increasing defense budget and presence of leading electronic component manufacturers in countries in the region are factors that are supporting market growth.
  • In June 2020, Koike Aronson, which is a leader in welding, cutting, and positioning devices, announced the launch of its innovative waterjet cutting machine, ShopJet. ShopJet has the ability to deliver a wide cutting application range at an affordable cost.

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Metal Cutting Machine Market Segmentation

Product Type Outlook:

  • Laser Cutting Machine
  • Waterjet Cutting Machine
  • Plasma Cutting Machine
  • Flame Cutting Machine

Industry Vertical Outlook:

  • Automotive
  • Aerospace & Defense
  • Building & Construction
  • Electronics & Electrical
  • Marine
  • Others

Distribution Channel Outlook:

  • Online
  • Offline

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Metal Cutting Machine market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Metal Cutting Machine market.

The global Metal Cutting Machine market is segmented into:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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