[Latest] Global Metal Cutting Machine Market Size/Share Worth USD 10.86 Billion by 2033 at a 6.24% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Metal Cutting Machine Market size & share revenue was valued at approximately USD 5.93 Billion in 2023 and is expected to reach USD 6.10 Billion in 2024 and is expected to reach around USD 10.86 Billion by 2033, at a CAGR of 6.24% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are TRUMPF, AMADA Co. Ltd., ESAB Corporation, Bystronic Laser AG, WARDJet, Koike Aronson Inc., Nissan Tanaka Corporation, Lincoln Electric Company, Water Jet Sweden AB, Flow International Corporation, Coherent Corp., Messer Cutting Systems GmbH, Omax Corporation, Boye Laser Applied Technology Co. Ltd., Han’s Laser Technology Industry Group Co. Ltd., and others.

/EIN News/ -- Austin, TX, USA, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Metal Cutting Machine Market Size, Trends and Insights By Product Type (Laser Cutting Machine, Waterjet Cutting Machine), By Application (Automotive, Defense & Aerospace, Building & Construction, Electronics and Electrical, Manufacturing, Medical, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Metal Cutting Machine Market size & share was valued at approximately USD 5.93 Billion in 2023 and is expected to reach USD 6.10 Billion in 2024 and is expected to reach a value of around USD 10.86 Billion by 2033, at a compound annual growth rate (CAGR) of about 6.24% during the forecast period 2024 to 2033.”

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Metal Cutting Machine Market: Overview

Metal cutting machines are mainly used for the precision and accurate cutting and breaking of metals in various end-use applications. The growing usage of metal cutting machines in various industries, such as aerospace, military, automotive, and industrial machinery, is expected to boost overall consumption.

Various factors, such as increasing automation, the growing usage of smart manufacturing technologies, the rapidly expanding building and construction industry, and the growing usage of metal-cutting machines in the automotive industry, is mainly driving the market’s growth.

However, factors such as the limited adaptation of metal cutting machines in many underdeveloped countries, the high cost of metal cutting machines, and the lack of skilled expertise to operate them are mainly restraining the market growth.

The growing integration of various emerging technologies in metal cutting machines is expected to create lucrative opportunities for the market during the forecast period. Key players are integrating various emerging technologies, such as smart technologies, remote control, and smart adjustment technologies, such as real-time data gathering and remote operating, to enhance the operational efficiency and productivity of these machines.

The global metal cutting machines market is segmented by product type, application, and region. By product type, laser cutting machines held the highest market share in 2023 and are expected to maintain their dominance during the forecast period owing to their higher power economy and precision than mechanical cutting.

They are effective with hard metals like steel and mild steel but not with highly reflective metals like aluminum and copper. The waterjet cutting machine product is expected to grow at the fastest CAGR during the forecast period. Waterjet cutting machines employ a mix of water, pure water, and abrasive material to cut metal sheets or plates thicker than 10 inches.

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By applications, the construction application segment dominated the global metal cutting machine market and is expected to continue dominating during the forecast period owing to the rapidly expanding construction industry worldwide.

Metal cutting machines are mainly used to cut steel and shape building structures. The automotive industry is expected to grow significantly during the forecast period owing to the increasing adaptation of metal cutting machines to the cutting of interior and exterior automotive components.

By region, the Asia-Pacific region held the highest market share in 2023 and is expected to maintain its dominance during the forecast period. The Asia-Pacific metal-cutting machine market will likely expand further as the region’s industrialization accelerates and economic conditions improve, notably in China, India, and South Korea.

According to projections, Asia Pacific will remain a hub for high-tech production, notably in the aerospace, automotive, military, and electronics sectors. This is expected to drive regional market growth.  China and India presently have the largest revenue share in the Asia Pacific metal-cutting machine market, and their dominance is predicted to continue during the forecast period.

North America held the second-largest market share in 2023 and is expected to maintain its dominance during the forecast period. Rising construction activities, industrialization, and infrastructure spending in the U.S., Canada, and Mexico are mainly driving market growth.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 6.10 Billion
Projected Market Size in 2033	USD 10.86 Billion
Market Size in 2023	USD 5.93 Billion
CAGR Growth Rate	6.24% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product Type, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your research requirements.

(A free sample of the Metal Cutting Machine report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
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• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
• Includes Tables and figures have been updated.
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(Please note that the sample of the Metal Cutting Machine report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Global Metal Cutting Machine market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth market scenario. Segment-wise market size and market share during the forecast period have been duly addressed to portray a probable picture of this Global Metal Cutting Machine industry.

The competitive landscape includes key innovators, after-market service providers, market giants, and niche players, who are studied and analyzed extensively with respect to their strengths, weaknesses, and value-adding prospects. In addition, this report covers key players’ profiles, market shares, mergers and acquisitions, consequent market fragmentation, and new trends and dynamics in partnerships.

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Key questions answered in this report:

• What is the size of the Metal Cutting Machine market and what is its expected growth rate?
• What are the primary driving factors that push the Metal Cutting Machine market forward?
• What are the Metal Cutting Machine Industry's top companies?
• What are the different categories that the Metal Cutting Machine Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Metal Cutting Machine market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2033
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Metal Cutting Machine Market: Regional Analysis

The Global Metal Cutting Machine Market is segmented by region into North America, Europe, Asia-Pacific, MEA & Africa, and South America. Asia Pacific led the market in 2023 and is expected to maintain its dominance during the forecast period.

The region provides numerous opportunities for aircraft makers, including maintenance, repair, overhaul, general aviation, and military equipment production. Various factors, such as the rapidly expanding automotive industry and the flourishing building and construction industry, propel the demand for metal cutting machines in this region.

Substantial economic developments in nations such as China and India will likely drive future product demand. Metal cutting machines are widely used in the construction, automotive, aerospace, and defence industries due to their superior optical properties, such as coherence, diffraction, monochromaticity, and radiance. This is expected to be a major factor influencing market growth in this region.

Key countries such as China, India, South Korea, Japan, ASEAN, and Australia are mainly driving the market growth of this region.

North America is expected to hold the second-largest market share during the forecast period owing to the growing usage of metal cutting machines in the automotive industry. Key countries such as the U.S., Canada, and Mexico are mainly driving the market growth of this region. Furthermore, the rapid growth of the aerospace and defence industry in the region is predicted to boost the demand for metal-cutting machines over the forecast period.

The United States serves as a primary industrial base for many industries. Favourable conditions, such as the availability of highly skilled labor at a low cost, affordable modern infrastructure, and proximity to high-demand markets that ensure smooth exports, are expected to increase the number of manufacturing facilities in the US. This, in turn, is expected to increase the demand for metal-cutting machines during the forecast period.

The Middle East and Africa regional growth is expected to be driven by the escalating construction industry coupled with the increasing private and public investment in infrastructural development in this region. Israel is one of the major players in the region. The country’s robust aviation, electronics, and telecommunication industries are predicted to drive product demand throughout the projection period.

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Browse the full “Metal Cutting Machine Market Size, Trends and Insights By Product Type (Laser Cutting Machine, Waterjet Cutting Machine), By Application (Automotive, Defense & Aerospace, Building & Construction, Electronics and Electrical, Manufacturing, Medical, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/metal-cutting-machine-market/

List of the prominent players in the Metal Cutting Machine Market:

• TRUMPF
• AMADA Co. Ltd.
• ESAB Corporation
• Bystronic Laser AG
• WARDJet
• Koike Aronson Inc.
• Nissan Tanaka Corporation
• Lincoln Electric Company
• Water Jet Sweden AB
• Flow International Corporation
• Coherent Corp.
• Messer Cutting Systems GmbH
• Omax Corporation
• Boye Laser Applied Technology Co. Ltd.
• Han’s Laser Technology Industry Group Co. Ltd.
• Others

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The Metal Cutting Machine Market is segmented as follows:

By Product Type

• Laser Cutting Machine
• Waterjet Cutting Machine

By Application

• Automotive
• Defense & Aerospace
• Building & Construction
• Electronics and Electrical
• Manufacturing
• Medical
• Others

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Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Metal Cutting Machine Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Metal Cutting Machine Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Metal Cutting Machine Market? What Was the Capacity, Production Value, Cost and PROFIT of the Metal Cutting Machine Market?
• What Is the Current Market Status of the Metal Cutting Machine Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Metal Cutting Machine Market by Considering Applications and Types?
• What Are Projections of the Global Metal Cutting Machine Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Metal Cutting Machine Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Metal Cutting Machine Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Metal Cutting Machine Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Metal Cutting Machine Industry?

Click Here to Access a Free Sample Report of the Global Metal Cutting Machine Market @  https://www.custommarketinsights.com/report/metal-cutting-machine-market/

Reasons to Purchase Metal Cutting Machine Market Report

• Metal Cutting Machine Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Metal Cutting Machine Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Metal Cutting Machine Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Metal Cutting Machine Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Metal Cutting Machine market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Metal Cutting Machine market analysis.

• The competitive environment of current and potential participants in the Metal Cutting Machine market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Metal Cutting Machine market should find this report useful. The research will be useful to all market participants in the Metal Cutting Machine industry.

• Managers in the Metal Cutting Machine sector are interested in publishing up-to-date and projected data about the worldwide Metal Cutting Machine market.

• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Metal Cutting Machine products' market trends.

• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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