Metal Cutting Machine Market Size, Share & Trends Analysis Report By Product (Laser, Waterjet, Plasma, Flame), By Application (Automotive, Aerospace & Defense, Marine), By Region, And Segment Forecasts, 2020 - 2027

Report Overview

全球金属切割机市场规模是v乐鱼体育手机网站入口alued at USD 6.17 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027. Rising demand for highly-efficient metal cutting machines from various application industries, including automotive, aerospace and defense, electronics, and marine, is expected to be the key driving factor over the forecast period.

金属切削机广泛用于various application industries to cut different types of ferrous and non-ferrous metals to produce a finished product of desired geometry. It provides multiple advantages to the finished products, including surface texture or finish, closer dimensional accuracy, complex shaping, and required size. Growing demand for advanced mechanized metal cutting machines is likely to propel the market growth over the forecast period.

The U.S. dominated the North American metal cutting machine market owing to the robust product demand from the defense and aerospace and automotive industries. The ongoing technological innovations and the surge in military expenditure are likely to drive the market over the forecast period. Leading defense and aerospace players in the country are employing additive manufacturing technology to design and produce complex components that reduce the weight of the aircraft.

Increasing investments within the defense and aerospace industries, coupled with the growing demand for a wide range of consumer electronics on account of rising disposable incomes are expected to favor the market growth over the coming years. Moreover, increasing demand for the latest technologies coupled with advancements in manufacturing processes is anticipated to further propel market growth in the forthcoming years.

Sheet metal cutting is an essential process in several industries, including aerospace, automotive, marine, construction, and electronics. Ongoing advancements in digital technology, most notably in embedded systems coupled with innovation focus on additive manufacturing, smart robotics, and computerized monitoring and control, are some of the key trends in the market.

The global outbreak of the COVID-19 pandemic has created a war-like situation across the globe. The governments in several countries were forced to implement lockdown measures which had stopped most of the non-essential operations in their respective countries. The aforementioned measures halted the manufacturing activities; which is expected to have a negative impact on the demand for metal cutting machines over the forecast period.

Product Insights

The laser cutting machine led the market and accounted for 61.6% of the global revenue share in 2019. These machines are used to cut a wide range of ferrous and non-ferrous metals, thereby allowing fabricators to create high-quality structures.Laser cutting machinesoffer several advantages, including high precision, flexibility, speed, repeatability, and excellent quality.

The plasma cutting machine utilizes an electrical arc to ionize and heat the gas to form a plasma that is used to cut the metal. Theplasma cutting machinecan be used for cutting a range of electrically conductive metals such as stainless steel, aluminum, titanium, and copper. These machines can produce high-quality cuts at a much faster rate as compared to flame-cutting machines.

The flame cutting machine product segment is anticipated to witness an estimated CAGR of 4.3% over the forecast period. The flame cutting machine, also known as the oxy-fuel cutting machine, operates through the thermo-chemical process, which requires intense heat and pure oxygen. It cuts the metal by burning or oxidizing owing to which its applications are limited to steel and other ferrous metals that support the oxidizing process.

Waterjet cutting machinesuse a high speed, and pressure stream of water to cut the metal. In these systems, water is forced through the waterjet cutting head using a high-pressure pump. In the case of harder materials such as metals, an abrasive material is usually added to the water to increase its cutting capability. It is a non-thermal process, and the water cools the metal as it cuts due to which there is no heat that can impact the metal's chemical and mechanical properties.

Application Insights

Automotive led the market and accounted for 26.1% of the global revenue share in 2019 owing to the extensive usage of the product in cutting a range of interior and exterior components of automotive, including passenger cars, SUVs, and others. These machines are also used to produce components ranging from carpets and weather stripping to door panels and chassis.

金属切削机起着重要的作用in the efficient, high-precision, and effective manufacturing of defense and aerospace components and equipment such as composites, engine parts, ignitors, rotary blades, and turbines. The rising number of automation and efficiency initiatives to reduce overhead costs in aerospace and defense industries are likely to fuel the demand for metal cutting machines over the forecast period.

The electronics and electrical application segment are anticipated to expand at a CAGR of 5.8% over the forecast period. Metal cutting machines, especially of the laser category, are extensively used to produce superior edge quality, high-dimensional, and high-precision components. They cut springs, capacitors, motherboards, circuit boards, and other small parts with high accuracy.

Metal cutting machines are used extensively by shipbuilding companies for ship repair and equipment fabrication in the marine industry. The sector consists of aircraft carriers, patrol boats, large seagoing vessels for containers, tankers, tugs, barges, luxury liners, and othercargo ships. Metal cutting machines are used to cut the skin of the vessel, parts for hatches, stiffener plates, block parts, drains, the skeleton, and pipes.

Regional Insights

The Asia Pacific dominated the market and accounted for 41.8% share of global revenue in 2019, on account of rapid industrialization coupled with improving economic conditions, most notably in India, China, and South Korea are anticipated to drive the product demand in the region. The Asia Pacific is expected to remain a hub for high-tech manufacturing, especially for automotive, defense and aerospace, and electronics industries, which is likely to fuel the regional market growth.

The North American market for metal cutting machines is anticipated to be primarily driven by the growing demand from the defense and aerospace sector, which is predicted to fuel the need for metal cutting machines. Increasing military budget and passenger traffic are likely to boost the manufacturing of defense and commercial aircraft in the region over the coming years. In addition, the presence of several major defense and aerospace players is anticipated to benefit market growth.

The European market is projected to witness a CAGR of 5.6% over the forecast period. Factors including increasing adoption of energy-efficient technologies, a surge in industrial automation, and growing technological innovations are expected to drive the demand for metal cutting machines over the coming years. Robust automotive and manufacturing sectors in the region are projected to heighten the demand for metal cutting machines significantly.

The Middle East and Africa region are expected to be driven by the burgeoning construction industry coupled with the increasing public and private investment in infrastructural development in this region. Israel is one of the major players in the region. Robust aviation and electronics and telecommunication sectors in the country are anticipated to drive the product demand over the forecast period.

Key Companies & Market Share Insights

The global market comprises both regional and international players engaged in the designing, manufacturing, and distribution of various types of metal cutting machines. Key players aim to widen their presence and achieve optimum growth in the market through various strategies such as partnerships, acquisitions, agreements, and capacity expansion. The buyers in the market are also encouraged by the increasing need for innovative mechanized metal cutting machines to reduce safety and health issues for machine operators. The competitive environment is quite intense, with several players providing energy-efficient and customized metal cutting machines at competitive prices. Some of the prominent players in the metal cutting machine market include:

• TRUMPF

• AMADA Co., Ltd.

• Colfax Corporation

• Bystronic Laser AG

• WARDJet

• Koike Aronson, Inc.

• Nissan Tanaka Corporation

• Lincoln Electric Holdings, Inc.

• Water Jet Sweden AB

• Flow International Corporation

• Coherent Inc.

• 梅塞尔集团切割系统。

• Omax Corporation

• Boye Laser Applied Technology Co., Ltd.

• Han’s Laser Technology Industry Group Co., Ltd.

Metal Cutting Machine Market Report Scope

Report Attribute	Details
Market size value in 2020	USD 6.47 billion
Revenue forecast in 2027	USD 9.74 billion
Growth Rate	CAGR of 5.9% from 2020 to 2027
Base year for estimation	2019
Historical data	2016 - 2018
Forecast period	2020 - 2027
Quantitative units	Revenue in USD million and CAGR from 2020 to 2027
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Product, application, region
Regional scope	North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
Country Scope	The U.S.; Canada; Mexico; Germany; France; Italy; The U.K.; China; India; Japan; South Korea; Brazil; Argentina; Israel; South Africa
Key companies profiled	TRUMPF; AMADA Co., Ltd.; Colfax Corporation; Bystronic Laser AG; WARDJet; Koike Aronson, Inc.; Nissan Tanaka Corporation; Lincoln Electric Holdings, Inc.; Water Jet Sweden AB; Flow International Corporation; Coherent Inc.; Messer Cutting Systems; Omax Corporation; Boye Laser Applied Technology Co., Ltd.; Han’s Laser Technology Industry Group Co., Ltd.
Customization scope	Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global metal cutting machine market report on the basis of product, application, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2027)

  • Laser Cutting Machine

  • Waterjet Cutting Machine

  • Plasma Cutting Machine

  • Flame Cutting Machine

• Application Outlook (Revenue, USD Million, 2016 - 2027)

  • Automobile

  • Aerospace & Defense

  • Construction

  • Marine

  • Electronics & Electrical

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Italy

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • The Middle East & Africa

    • Israel

    • South Africa