Dublin, May 24, 2023 (GLOBE NEWSWIRE) -- The "Cutting Equipment, Accessories and Consumables - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Cutting Equipment, Accessories and Consumables estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$10.9 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.
Plasma Cutting, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$4.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Carbon Arc Cutting segment is readjusted to a revised 3.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 6.7% CAGR
The Cutting Equipment, Accessories and Consumables market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 6.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2030.
Select Competitors (Total 46 Featured) -
- African Oxygen Ltd. (Afrox)
- Air Liquide SA
- BOC Ltd.
- Bug-O Systems Inc.
- Cavagna Group S.p.A.
- Colfax Corporation
- Fronius International GmbH
- GasIQ AB
- GCE Group AB
- Gentec (Shanghai) Corp.
- Hypertherm, Inc.
- Illinois Tool Works, Inc.
- Koike Aronson, Inc.
- Linde AG
- Matheson Tri-Gas, Inc.
- Messer Group GmbH
- MULLER OPLADEN GmbH
- Rotarex
- The Lincoln Electric Company
- Yildiz Gaz Armaturleri
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 246 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $8 Billion |
| Forecasted Market Value (USD) by 2030 | $10.9 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- A Market Prelude
- Cutting Comparisons for Select Technologies
- Cutting Equipment, Accessories & Consumables Market to Witness Steady Growth
- Cutting Equipment, Accessories & Consumables - Global Key Competitors Percentage Market Share in 2022 (E)
- Acquisitions, Mergers, and New Investments among Leading Players to Drive Market Growth
- Expansions in Product Offerings to Spur Market Demand
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- A Prelude into Leading Players
- Percentage Breakdown of Market Shares of Cutting Equipment, Accessories & Consumables Market by Leading Players: 2018
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growth in Global Construction Activity to Bode-Well for Market Growth
- Percentage Breakdown of Growth Rates for Construction Industry by Region: 2017 and 2021
- Growth in Automobile Industry to Spur Market Demand
- Worldwide Car Sales (in Million Units): 1990-2019
- Growth in the Worldwide Steel Industry to Spur Market Expansion
- Worldwide Crude Steel Production: 1950-2018
- Innovations to Widen Market Opportunities
- Technological Advancements to Provide Impetus for Market Expansion
- A Glance into Market Trends
- Myriad Applications to Drive Demand for Cutting Equipment, Accessories & Consumables Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/blz17s
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