The Cutting Equipment, Accessories & Consumables Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Cutting Equipment, Accessories & Consumables Market?
The market size for cutting equipment, accessories & consumables has seen robust growth in the recent past. The market value is projected to increase from $9.19 billion in 2024 to $9.71 billion in 2025, experiencing a compound annual growth rate (CAGR) of 5.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Cutting Equipment, Accessories & Consumables Industry?
The Cutting Equipment, Accessories & Consumables Global Market is expected to grow to a size of $12.38 billion in 2029, with a compound annual growth rate (CAGR) of 6.3%.
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What are the Key Growth Drivers Fueling the Cutting Equipment, Accessories & Consumables Market?
The key drivers in the cutting equipment, accessories & consumables market are:
• Growth in renewable energy and green technologies
• Market expansion in emerging economies and developing regions
• Rising demand for customization and specialty cutting solutions
• The adoption of waterjet and abrasive waterjet cutting technology.
Global Market Segmentation: Identifying Major Cutting Equipment, Accessories & Consumables Industry Segments
The cutting equipment, accessories & consumables market covered in this report is segmented –
1) By Type: Manual Cutting Equipment, Mechanized Cutting Equipment, Other Type
2) By Technology: Carbon Arc Cutting, Plasma Cutting, Oxy-Fuel Cutting, Laser Cutting, Water Jet Cutting
3) By End-User: Construction, Heavy Metal Fabrication, Shipbuilding And Offshore, Automotive, Other End-User
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What are the Emerging Trends Shaping the Future of the Cutting Equipment, Accessories & Consumables Market?
The key trends in the intraoral cameras market are:
• Advancements in laser cutting technology and incorporation of automation and robotics present an emerging trend.
• The utilization of plasma cutting for thick material handling is also on the rise.
• Precision micro-cutting and micromachining are increasingly becoming popular in the industry.
• There is an enhancing integration of software and CAD/CAM in this market.
Who Are the Top Competitors & Leading Players in the Cutting Equipment, Accessories & Consumables Market?
Major companies in the cutting equipment, accessories & consumables market are:
• Colfax Corporation
• GCE Group AB
• Gentec Corp.
• Hypertherm Inc.
• Illinois Tool Works Inc.
• Messer Group GmbH
• Müller Opladen GmbH
• African Oxygen Ltd.
• BOC Ltd.
• GasIQ AB
• Koike Aronson Inc.
• Linde AG
• DMG Mori Seiki Co.
• ABB Group
• American Welding And Gas.
• ANCA Pty Ltd.
• Baker Hughes Company
• Bystronic AG
• Lincoln Electric Holdings Inc.
• Fronius International GmbH
• BURNY Kaliburn Lincoln Electric Co.
• C&G Systems
• CNC Clear Cut
• Daito Seiki Co. Ltd.
• HG Farley LaserLab Co
• Flow International Corporation
• Hornet Cutting Systems
• Jet Edge Inc.
• KMT Waterjet Systems
• Komatsu NTC Ltd.
• KUKA AG
• LVD Company nv
• Mazak Corporation
• OMAX Corporation
• Prima Power
• Salvagnini America Inc.
• SigmaTEK Systems LLC
• Tanaka Holdings Co. Ltd.
• Techni Waterjet.
Regional Dominance: Which Area Leads the Global Cutting Equipment, Accessories & Consumables Market?
Asia-Pacific was the largest region in the cutting equipment, accessories, and consumables market in 2024
