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The gas cutting machine market is estimated to grow by USD 72 million, at a CAGR of 1.58% between 2023 and 2028. The market's expansion hinges on several key factors, notably the rising demand from traditional end-users who seek reliable solutions. Additionally, the operational advantages over plasma technologies play a crucial role, enhancing efficiency and reducing costs. Moreover, the positive impact on both CAPEX (Capital Expenditure) and OPEX (Operating Expense) further drives market growth by offering economical and sustainable alternatives. These factors collectively contribute to the market's robust trajectory, appealing to industries looking for cost-effective and efficient technologies. As businesses increasingly prioritize operational efficiency and cost management, the market continues to evolve, leveraging its operational benefits and economic advantages to meet the growing demands of diverse end-users effectively.
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The market caters primarily to steel processing industries and heavy industries, focusing on carbon and low alloy steels. These machines utilize consumables like welding torches and cutting tools, operating with high-pressure oxygen tubes and gasoline for efficient metal cutting. They range from portable flame cutting equipment to advanced CNC and semi-automatic cutting machines, including models like Cantilever Longmen CNC and stationary gas cutting machinery. Applications span across industrial machinery, robotics, and military industry, offering precise and versatile cutting solutions for various metal fabrication needs. As demand grows for accurate and efficient cutting technologies, gas cutting machines continue to evolve, integrating advanced features to enhance productivity and operational flexibility in diverse manufacturing environments. The growing demand from conventional end-users is notably driving the market growth, although factors such as lack of adequate technical expertise may impede the market growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand from conventional end-users of gas-cutting machines is one of the primary growth factors for the market. The major end-users of this market are industries such as automotive, aerospace and defense, shipbuilding, industrial machinery industry and equipment, and renewable energy which are facing rigorous expansions across the globe.
Furthermore, the increase in global air traffic, demand for vehicles, global defense expenditure, scrapping and replacing of old ships and aircraft, and the requirement to replace the aging commercial aircraft and ships are influencing the demand for these torches from the end-users.
Additive manufacturing is the key trend in the market. The manufacturing industry is using a revolutionary 3D technology that creates three-dimensional objects using a digital file, also known as additive manufacturing. 3D printing enables the production of complex geometries that are impossible to produce using conventional manufacturing techniques.
Furthermore, the implementation of the 3D printing technique results in a significant reduction in raw material costs, capital costs, and costs incurred in reclaiming the scrap. 3D printing also enables reasonable manufacturing of parts that compensate for the high initial cost of the 3D technology. This industry report predicts that the adoption of additive manufacturing will be one of the key trends that will gain traction in the market during the next four years.
The lack of adequate technical expertise will be a major challenge for the market during the forecast period. Computer numerical control-based (CNC) has been in existence in the market for many years. This involves the use of a computer or a microprocessor-based control system to convert digital data into mechanical motion and execute the process.
Despite having a microprocessor-based control system incorporated into this, an expert operator must always be present to supervise the operation. One small mistake in operating the control system will result in inaccuracy in terms of quality and finish; the parts thus produced are below par. In addition, such inefficient production leads to the wastage of resources. Therefore, the lack of such expert operators, which is essential to this operation, poses a challenge to the market.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ador Welding Ltd. - The company offers Panther NM as its key offering. They offer equipment, spares, products, and agency items related to equipment, design, engineering, procurement, and commissioning of flares, incinerators, furnaces, etc.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth of the stationary gas cutting machine segment will be significant during the forecast period. These are much more reliable in situations of critical needs. These can be used for extended periods in industrial applications, and are operationally reliable when compared to portable machines.
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The stationary gas cutting machine segment was valued at USD 580.00 million in 2018. These are widely used in industries such as automotive, aerospace and defense, industrial machinery, and robotics industry increase the simplicity and efficiency of product development processes. However, the use of these machines by these end-users is declining, with manufacturers shifting to alternative technologies such as plasma, laser, and waterjet during the forecast period.
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APAC is estimated to contribute 75% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC was a key market for gas-cutting machines in 2023, with China being the largest producer, followed by India. The market in China and India is expected to grow at a significant rate during the forecast period due to the increase in automobile production in countries such as China, India, and Japan. In addition, the regional market in APAC is expected to grow during the forecast period, strongly supported by the increased government funding by the countries in the region across end-users.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is integral to metal processing industries like shipbuilding and industrial process tools, focusing on steel and cast iron materials. These machines utilize various cutting technologies such as welding torches, cutting torch, CNC cutting machines, and manual cutting methods. They operate with high-pressure oxygen tubes and gases like acetylene, propane, and natural gas, achieving precise cuts in metals ranging from stainless steel to non-ferrous metals. Advanced models include CNC plasma and waterjet cutting machines, ensuring dimensional tolerances and minimal thermal deformation. The market's growth is driven by industrial manufacturing activities and the need for fast, efficient operations in field and industrial settings. As technology evolves, gas cutting equipment continues to play a crucial role in enhancing productivity and safety across diverse applications.
In addition, key components such as welding torch, cutting torche, and high pressure oxygen tube are essential for operations in metal fabrication and industrial processes. Cutting tool, including CNC machines like Cantilever Longmen models, enable precise cutting of metal sheets and profiles. Portable flame cutting machines offer flexibility in field operations, while manual copying cutting machines cater to specific manufacturing needs. These technologies play pivotal roles in model structures and industrial applications, ensuring efficient metal processing with minimal thermal deformation. As these industries evolve, gas cutting equipment continues to advance, meeting the stringent demands of modern manufacturing and industrial processes across various sectors.
Market Scope | |
Report Coverage |
Details |
Page number |
169 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 1.58% |
Market growth 2024-2028 |
USD 72 million |
Market structure |
USD Fragmented |
YoY growth 2023-2024(%) |
1.54 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 75% |
Key countries |
China, US, Germany, UK, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ador Welding Ltd., ArcBro Inc., Enovis Corp., Esprit Automation Ltd., GasiQ, Haco NV, Hornet Cutting Systems, Hypertherm Inc., KALTENBACH GmbH Co. KG, Koike Aronson Inc., Messer Cutting Systems Inc., MULLER OPLADEN GmbH, NISSAN TANAKA Corp., Shanghai Huawei Welding and Cutting Machine Co. Ltd., SteelTailor, The Lincoln Electric Co., Voortman Steel Machinery BV, and Yildiz Gaz Armaturleri A.S. |
Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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