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Gas Cutting Machine Market Analysis, Size, and Forecast 2024-2028: North America (Mexico), Europe (France, Germany, Italy, Spain, and UK), Middle East and Africa (UAE), APAC (Australia, China, India, Japan, and South Korea), South America (Brazil), and Rest of World (ROW)

Gas Cutting Machine Market Analysis, Size, and Forecast 2024-2028:
North America (Mexico), Europe (France, Germany, Italy, Spain, and UK), Middle East and Africa (UAE), APAC (Australia, China, India, Japan, and South Korea), South America (Brazil), and Rest of World (ROW)

Published: Jun 2024 169 Pages SKU: IRTNTR46475

Market Overview at a Glance

$72 Mn
Market Opportunity
1.58%
CAGR
1.54
YoY growth 2023-2024(%)

Gas Cutting Machine Market Size 2024-2028

The gas cutting machine market size is forecast to increase by USD 72 million at a CAGR of 1.58% between 2023 and 2028.

  • The market is experiencing significant growth due to increasing demand from conventional end-users, particularly in industries such as automotive, construction, and manufacturing. This trend is driven by the efficiency and precision offered by gas cutting machines, which enable faster production times and reduced material waste. Additionally, technological advancements in Computer Numerical Control (CNC) solutions are enhancing the capabilities of gas cutting machines, allowing for greater automation and customization. However, the market faces a notable challenge in the form of the lack of adequate technical expertise. As the technology advances, there is a growing need for skilled operators and maintenance personnel to ensure optimal performance and longevity of the machines.
  • Companies seeking to capitalize on market opportunities should focus on addressing this skills gap through training programs and partnerships with educational institutions. Furthermore, investing in user-friendly CNC solutions and remote monitoring technologies can help mitigate the impact of the skills shortage and improve overall operational efficiency.

What will be the Size of the Gas Cutting Machine Market during the forecast period?

Gas Cutting Machine Market Size

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  • The market continues to evolve, driven by advancements in aluminum cutting technology and its applications across various sectors. Cutting efficiency and bevel quality are paramount in metal fabrication, with fuel efficiency and operator training also critical factors in industrial settings. The oil and gas industry and power generation sectors rely heavily on gas cutting for thick plate applications, while maintenance costs and safety regulations are key considerations. Gas cutting torches, cutting heads, and cutting nozzles are continually improving, enabling increased cutting thickness, length, and accuracy. Industrial automation, including automated guided vehicles and CNC cutting, is transforming the industry, leading to increased cutting speed, energy consumption, and edge quality.
  • Thin sheet cutting and flame beveling are also gaining traction, while thermal cutting processes like plasma and oxy-fuel continue to dominate. The evolving market dynamics are shaped by factors such as energy consumption, environmental impact, and service life. Artificial intelligence and advanced technologies are also playing an increasingly important role in optimizing cutting processes and reducing operating costs.

How is this Gas Cutting Machine Industry segmented?

The gas cutting machine industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Product
    • Stationary gas cutting machine
    • Portable gas cutting machine
  • Application
    • Automotive
    • Aerospace and defense
    • Industrial machinery and equipment
    • Shipbuilding
  • Technology Specificity
    • Oxy-Fuel
    • Plasma
    • Laser
  • End-User
    • Industrial
    • Commercial
  • Geography
    • North America
      • US
      • Mexico
    • Europe
      • France
      • Germany
      • Italy
      • Spain
      • UK
    • Middle East and Africa
      • UAE
    • APAC
      • Australia
      • China
      • India
      • Japan
      • South Korea
    • South America
      • Brazil
    • Rest of World (ROW)

By Product Insights

The stationary gas cutting machine segment is estimated to witness significant growth during the forecast period.

Gas cutting machines, specifically those used for aluminum cutting, play a significant role in metal fabrication processes. These machines offer benefits such as high cutting efficiency, versatility in cutting bevels, and fuel efficiency. However, their reliability can be a concern during extended industrial use, leading to the preference for stationary gas cutting machines. These machines cater to various industries, including automotive, aerospace and defense, industrial machine machinery, and robotics, by simplifying and increasing the efficiency of product development. Yet, there's a trend towards alternative cutting technologies like plasma, laser, and waterjet cutting, driven by factors such as energy consumption, cutting speed, edge quality, and environmental impact.

Industrial automation, including automated cutting and CNC cutting, is also on the rise, affecting the market dynamics. Thick plate cutting and flame beveling are common applications, while safety regulations and service life are essential considerations. Operating costs, including maintenance and fuel gas, are significant factors influencing the choice between gas cutting and other technologies. The market for gas cutting machines is diverse, encompassing heavy equipment, cutting capacity, and cutting quality, with artificial intelligence and automated guided vehicles playing an increasingly important role.

Gas Cutting Machine Market Size

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The Stationary gas cutting machine segment was valued at USD 580.00 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

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.

Gas Cutting Machine Market Share by Geography

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The market experienced notable growth in APAC, particularly in China and India, in 2023. China, being the largest producer, led the market's expansion. The automobile industry's expansion in countries like China, India, and Japan contributed significantly to this growth. Moreover, government funding in the region's end-user industries is expected to boost the market further. For instance, India's USD260 billion economic stimulus package in May 2020 aimed to revive industrial economies affected by the pandemic. Gas cutting machines are integral to various industries, including metal fabrication, oil and gas, power generation, and industrial cutting. These machines offer advantages such as cutting efficiency, fuel efficiency, and operator training.

However, maintenance costs remain a concern. Different types of gas cutting machines cater to various applications. Thick plate cutting requires heavy equipment, while thin sheet cutting can be automated using CNC cutting. Plasma cutting, oxy-fuel cutting, and laser cutting are popular techniques for metal cutting, each with unique advantages. Flame beveling and thermal cutting are other applications. The market trends include the integration of automation and industrial automation, artificial intelligence, and safety regulations. Automated guided vehicles and cutting length control systems improve efficiency and accuracy. Energy consumption is a critical factor, with some advanced technologies like plasma arc cutting and waterjet cutting offering improved energy efficiency.

Edge quality, cutting depth, and cutting width are essential factors in choosing a gas cutting machine. Stainless steel cutting and aluminum cutting require specific nozzles and heads. The heat affected zone and cutting speed are also crucial considerations. Safety regulations and environmental impact are essential concerns. The market is moving towards more sustainable practices, with some companies focusing on reducing fuel gas emissions and improving service life. In conclusion, the market is evolving, with trends towards automation, energy efficiency, and sustainability. The APAC region, particularly China and India, is expected to lead the growth due to the increasing demand from various industries and government funding.

Market Dynamics

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 Global Gas Cutting Machine Market grows with gas cutting machines for metal fabrication and CNC gas cutting machines. Gas cutting machine market trends highlight portable gas cutting machines and acetylene gas cutting equipment. Gas cutting machines for construction and gas cutting machines for automotive drive demand, per gas cutting machine market forecast. Semi-automatic gas cutting machines leverage gas cutting machines with automation, while gas cutting machines for shipbuilding ensure precision. Gas cutting machines for aerospace and gas cutting machines for heavy industry enhance efficiency. Gas cutting machines for infrastructure, eco-friendly gas cutting machines, and gas cutting machines for railway projects optimize performance. Gas cutting machines for steel processing, advanced gas cutting technologies, gas cutting machine supply chain, gas cutting machines for cost efficiency, gas cutting machines for industrial applications, and gas cutting machines for global markets fuel growth through 2028.

What are the key market drivers leading to the rise in the adoption of Gas Cutting Machine Industry?

  • The increasing demand from traditional gas cutting machine users serves as the primary market driver. The global industrial cutting market, specifically aluminum cutting, is experiencing significant growth due to the expansion of various industries such as automotive, aerospace and defense, shipbuilding, industrial machinery and equipment, and renewable energy. The commercial aviation industry, a key consumer of aluminum cutting, is expected to grow at a compound annual growth rate (CAGR) above 1.5% during the forecast period. Factors driving this growth include the high replacement rate for aircraft, increasing aircraft size, technological advances, and the rising high-net-worth population.
  • Parallelly, the automotive industry, which has seen growth over the past five years, is recovering from economic instability. These industries prioritize cutting efficiency, fuel efficiency, and operator training to minimize maintenance costs. In metal fabrication, gas cutting torches with advanced cutting heads are preferred for their ability to cut various thicknesses of metal. Industrial cutting applications require a harmonious balance between cutting speed, bevel quality, and fuel efficiency.

What are the market trends shaping the Gas Cutting Machine Industry?

  • CNC technology is currently experiencing significant advancements, making it the prevailing market trend for professionals in the manufacturing industry. The ongoing developments in CNC solutions continue to shape the future of precision engineering and production processes.
  • The market is witnessing significant growth due to the increasing demand for automation in power generation industries. With a focus on reducing environmental impact and improving efficiency, automated cutting solutions are gaining popularity. These systems offer benefits such as increased cutting length, faster cutting speed, and enhanced edge quality, even for thick plate cutting. Automated cutting also minimizes the heat affected zone and reduces energy consumption, aligning with the industrial automation trend. Furthermore, cutting accuracy and profile are crucial factors driving the market's growth. Android-based CNC software solutions enable remote control and monitoring of gas cutting machines, allowing for increased productivity with a minimal workforce.
  • The market's future lies in continuous advancements to improve cutting performance and reduce operational costs.

What challenges does the Gas Cutting Machine Industry face during its growth?

  • The insufficient technical proficiency among industry professionals poses a significant obstacle to industry expansion. 
  • CNC-driven gas cutting machines have been a mainstay in the metal cutting industry, employing computer or microprocessor-control systems to translate digital data into mechanical cutting motions. These systems manage various aspects of the cutting process, such as the timing of the gas torch ignition and torch height control, as well as other automation functions. While these machines boast advanced technology, an experienced operator is still required on-site to oversee the cutting operation for optimal results. The market for gas cutting machines encompasses various cutting techniques, including oxy-fuel cutting, plasma cutting, flame beveling, and CNC-controlled thin sheet cutting, among others.
  • Operating costs and cutting depth-width specifications vary depending on the type of gas cutting machine and the specific metal being cut, with stainless steel cutting requiring more energy and precision. Waterjet cutting, though an alternative, is not included in this discussion.

Exclusive Customer Landscape

The gas cutting machine market forecasting 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 gas cutting machine market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Gas Cutting Machine Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, gas cutting machine market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • ESAB
  • Lincoln Electric
  • Hypertherm
  • Koike Aronson
  • Miller Electric
  • Victor Technologies
  • Messer Cutting Systems
  • Bug-O Systems
  • Steelmax
  • Promotech
  • Hornet Cutting Systems
  • Techniweld
  • GCE Group
  • Air Liquide
  • Welders Supply
  • Kjellberg Finsterwalde
  • Shanghai Huawei
  • Ador Welding
  • Voortman Steel Machinery
  • Cloos Welding

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 industry 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.

Recent Development and News in Gas Cutting Machine Market

  • In February 2023, OxyFuel Systems, a leading gas cutting machine manufacturer, introduced the latest addition to their product line, the JetEdge 5000 XPR, which offers increased cutting speed and improved efficiency (OxyFuel Systems Press Release). In June 2024, Lincoln Electric, another major player in the market, announced a strategic partnership with Caterpillar to integrate Lincoln Electric's gas cutting technology into Caterpillar's construction equipment, expanding their market reach in the heavy machinery sector (Lincoln Electric Press Release).
  • In November 2024, ESAB, a global leader in welding and cutting equipment, completed the acquisition of Hypertherm's plasma and oxy-fuel cutting business, significantly expanding their product portfolio and market share in the gas cutting machine industry (ESAB Press Release).
  • In March 2025, the European Union passed new regulations on emissions from gas cutting machines, mandating a 30% reduction in emissions by 2030. This regulatory development is expected to drive innovation and investment in advanced gas cutting technologies (European Parliament & Council of the European Union Regulation).

Research Analyst Overview

The market is experiencing significant advancements in technology and sustainability. Cutting height control and bevel cutting systems are becoming increasingly sophisticated, enabling improved process optimization and edge preparation. Sustainable manufacturing practices, such as circular economy principles, are gaining traction in the industry, leading to the adoption of oxygen pressure control and cutting automation. Machine vision and sensor technology are revolutionizing quality control, while predictive maintenance and process monitoring enhance machine performance and uptime. Material handling and cutting consumables are also undergoing innovation, with an emphasis on gas pressure control and cutting system integration. Data logging and remote diagnostics further facilitate process optimization and enable remote control of cutting parameters.

Profile cutting and cutting path control are essential for achieving precise cuts and reducing waste. Cutting rods and cutting tips are being developed with advanced materials to enhance durability and cutting speed. Green manufacturing initiatives are driving the adoption of cutting gases with lower carbon footprints, further promoting the circular economy.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Gas Cutting Machine Market insights. See full methodology.

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

Fragmented

YoY growth 2023-2024(%)

1.54

Key countries

US, China, Germany, Japan, UK, Australia, India, France, Brazil, UAE, Rest of World (ROW), Saudi Arabia, France, South Korea, Mexico, Italy, and Spain

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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What are the Key Data Covered in this Gas Cutting Machine Market Research and Growth Report?

  • CAGR of the Gas Cutting Machine industry during the forecast period
  • Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
  • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the gas cutting machine market growth of industry companies

We can help! Our analysts can customize this gas cutting machine market research report to meet your requirements.

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Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Gas Cutting Machine market growth will increase by $ 72 mn during 2024-2028.

The Gas Cutting Machine market is expected to grow at a CAGR of 1.58% during 2024-2028.

Gas Cutting Machine market is segmented by Product( Stationary gas cutting machine, Portable gas cutting machine) Application( Automotive, Aerospace and defense, Industrial machinery and equipment, Shipbuilding, South America)

ESAB, Lincoln Electric, Hypertherm, Koike Aronson, Miller Electric, Victor Technologies, Messer Cutting Systems, Bug-O Systems, Steelmax, Promotech, Hornet Cutting Systems, Techniweld, GCE Group, Air Liquide, Welders Supply, Kjellberg Finsterwalde, Shanghai Huawei, Ador Welding, Voortman Steel Machinery, Cloos Welding are a few of the key vendors in the Gas Cutting Machine market.

APAC will register the highest growth rate of 75% among the other regions. Therefore, the Gas Cutting Machine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

US, China, Germany, Japan, UK, Australia, India, France, Brazil, UAE, Rest of World (ROW), Saudi Arabia, France, South Korea, Mexico, Italy, Spain

  • Growing demand from conventional end-users of gas cutting machinesIndustries such as automotive is the driving factor this market.
  • aerospace and defense is the driving factor this market.
  • shipbuilding is the driving factor this market.
  • industrial machinery and equipment is the driving factor this market.
  • and renewable energy are witnessing a resurgence globally.The increase in global air traffic is driving the commercial aviation industry. The global aerospace and defense market is expected to grow at a CAGR of more than 1.5% during the forecast period. This industry is majorly driven by the following:The high replacement rate for aircraftIncreasing aircraft sizeTechnological advancesIncrease in the high-net-worth populationSimilarly is the driving factor this market.
  • the growing demand for vehicles in developing economies is driving the automotive industry. The global automotive industry has grown over the past five years. The sector was hit by economic instability is the driving factor this market.
  • which prevailed in the US and was recently observed in China; however is the driving factor this market.
  • the profit margins in the sector are in the process of recovery.Another conventional end-user of gas cutting machines is the defense sector. The governments in various countries are increasing their defense expenditure is the driving factor this market.
  • which will lead to increased investments in the sector and consequently fuel the demand for gas cutting machines.Scrapping of old shipsThe dry bulk commodity market is the driving factor this market.
  • which is presently in the doldrums is the driving factor this market.
  • can recover soon by dealing with the oversupply of ships in the dry bulk market. In 2019 is the driving factor this market.
  • more than 90 bulkers and cargo ships amounted to nearly 23.8 million tons of DWT.The newer vessels are more environment-friendly is the driving factor this market.
  • thereby reducing environmental pollution. The new vessel orders in Chinese shipyards fell by more than 75% in 2019. The scrapping and replacement of old ships are expected to increase on a year-over-year basis. This will reduce the impact of the oversupply of vessels and increase the use of gas cutting machines.Scrapping of aged commercial aircraftThe commercial segment is mainly driven by the high replacement rate.Boeing and Airbus are the leading aircraft manufacturers globally; as of 2021 is the driving factor this market.
  • they had a total combined backlog of more than 9 is the driving factor this market.
  • 000 orders. The growing need to replace the aging commercial aircraft and the increase in backlogs in the order books are expected to drive investments in capacity expansion in the commercial aviation sector is the driving factor this market.
  • thereby driving the growth of market in focus during the forecast period. is the driving factor this market.

The Gas Cutting Machine market vendors should focus on grabbing business opportunities from the Stationary gas cutting machine segment as it accounted for the largest market share in the base year.