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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 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.
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.
The Stationary gas cutting machine segment was valued at USD 580.00 million in 2018 and showed a gradual increase during the forecast period.
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.
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.
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.
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.
Customer Landscape
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:
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.
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.
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Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 1.58% |
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Market growth 2024-2028 |
USD 72 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
1.54 |
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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 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 Market Segmentation by Technology Specificity
9 Market Segmentation by End-User
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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