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The gas cutting machine market is estimated to grow by USD 97.42 million at a CAGR of 2.14% between 2022 and 2027. The growth of the market depends on several factors, including growing demand from conventional end-users, operational benefits over plasma, and positive impact on CAPEX and OPEX.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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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 2022 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.
Key Market Driver
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 and equipment, and renewable energy which are facing rigorous expansions across the globe. 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.
Significant Market Trend
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. 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.
Major Market Challenge
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.
Key Market Customer Landscape
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.
Global Market 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 571.22 million in 2017 and continued to grow until 2021. These are widely used in industries such as automotive, aerospace and defense, industrial machinery, and robotics to 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 68% 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 2022, 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.
COVID-19 had a detrimental effect on the APAC market end-users. However, restoration of operation across various end-user sectors production facilities. As a result of the increased restart of operations across end-users, regional demand is likely to revive throughout the forecast period, propelling the growth of the market in APAC even further.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market offers a range of cutting solutions, including Portable Flame Cutting systems, CNC cutting machines, copying cutting machines, semiautomatic cutting machines, and manual cutting options. These machines use oxygen gas cutting technology to cut through various materials, including stainless steel, non-ferrous metals like copper and aluminum, and other metals.
Advancements in science and technology have led to the development of machines capable of cutting different thicknesses while minimizing thermal deformation and oxidation layer formation. Gas cutting machines are known for their effectiveness, as they use heat transfer to ensure the sheet fuses cleanly without excessive burrs or rough edges. Overall, the Market continues to innovate, offering solutions that meet the diverse cutting needs of industries ranging from automotive and construction to manufacturing and fabrication.
Gas Cutting Machine Market Scope
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.14% |
Market growth 2023-2027 |
USD 97.42 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
1.53 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 68% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ador Welding Ltd., ArcBro Inc., Colfax 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 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 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. |
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