The report aims at estimating the market size and future growth potential of the cutting equipment, accessories, and consumables market across different segments such as equipment type, product, technology, end-use sector, and region. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). It also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market. The study also analyzes opportunities in the market for stakeholders and details of competitive landscape for the market leaders. The study strategically profiles key players and comprehensively analyzes their core competencies.
♦ Leading Key Players -
The global market for the aluminum composite panels market is dominated by players such as, Colfax Corporation. (U.S.), Lincoln Electric Company. (U.S.), Illinois Tool Works Inc. (U.S.), Air Liquide (France), and The Linde Group (Germany). Other players in this market include GCE holding AB (Sweden), Messer group (Germany), Matheson tri-gas Inc. (US), Bug-O (US), Gentec (China), and Muller (Germany), which help the manufacturers in the development and growth of cutting equipment accessories, and consumables and markets.
The cutting equipment, accessories and consumables market has been segmented into accessories and consumables sectors. Rising cutting consumables requirement, owing to growing residential building construction and manufacturing activities is expected to positively impact this market.
Certain factors prevailing in the market hampered the growth of this industry; these factors included high costs of cutting equipment, accessories, and consumables and the difficulty in setting up the cutting equipment.
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The report aims at estimating the market size and future growth potential of the cutting equipment, accessories, and consumables market across different segments such as equipment type, product, technology, end-use sector, and region. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). It also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market. The study also analyzes opportunities in the market for stakeholders and details of competitive landscape for the market leaders. The study strategically profiles key players and comprehensively analyzes their core competencies.
The research methodology used to estimate and forecast the cutting equipment, accessories, and consumables market begins with capturing data on key vendor revenues through secondary research and associations such as North American Cutting Equipment, Accessories, And Consumables Association, European Cutting Association (ECA), and Cutting Equipment Association (CEA). The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall size of the global cutting equipment, accessories, and consumables market from the revenue of the key players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the figure below. Target Audience
Raw material suppliers and producers
Regulatory bodies
Cutting equipment, accessories, and consumables distributors/suppliers
End-users. (Oil and gas industry, automobile industry, construction, F&B).
♦ Key Market Players -
The ecosystem of the global cutting equipment, accessories, and consumables market comprises of distributors/suppliers such as Colfax Corporation. (U.S.), Lincoln Electric Company. (U.S.), Illinois Tool Works Inc. (U.S), Air Liquide (France), and the Linde group (Germany). Other players in this market include GCE holding AB (Sweden), Fronius international GMBH (Austria), Messer group (Germany), Matheson tri-gas Inc. (US), Bug-O (US), Gentec (Shanghai), and Muller (Germany) which help the manufacturers in the development and growth of cutting equipment, accessories, and consumables and markets.
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The cutting equipment, accessories, and consumables market size is estimated to grow from USD 6.67 Billion in 2016 and is expected to reach USD 8.27 Billion by 2021, at a CAGR of 4.40%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021.
Cutting equipment, accessories, and consumables distributors/suppliers
End-users. (Oil and gas industry, automobile industry, construction, F&B).
By Technology:
Carbon arc cutting
Plasma cutting
Oxy-fuel cutting
Laser cutting
Water jet cutting
Consumables such as shielding gases and oxy-fuel gases to gain maximum traction during the forecast period
The shielding segment dominated the market in 2015 and is projected to be the fastest-growing segment in the next five years, as a result of the rising demand for argon gas by the industries to meet the demand. Furthermore, the oxy-fuel segment is projected to be the second fastest-growing industry.
Plasma cutting as a technology to witness the highest growth in the cutting equipment, accessories, and consumables market
The report defines and segments the cutting equipment, accessories, and consumables market on the basis of technology offered into carbon arc cutting, plasma cutting, oxy-fuel cutting, laser cutting and water jet cutting. The plasma cutting technology is projected to grow at the fastest CAGR due to the growing demand from emerging countries such as China and India, which are ranked first and second respectively, in the cutting equipment, accessories, and consumables market. The second fastest growing sector is that of laser cutting.
Key Market Players -
The ecosystem of the global cutting equipment, accessories, and consumables market comprises of distributors/suppliers such as Colfax Corporation. (U.S.), Lincoln Electric Company. (U.S.), Illinois Tool Works Inc. (U.S), Air Liquide (France), and the Linde group (Germany). Other players in this market include GCE holding AB (Sweden), Fronius international GMBH (Austria), Messer group (Germany), Matheson tri-gas Inc. (US), Bug-O (US), Gentec (Shanghai), and Muller (Germany) which help the manufacturers in the development and growth of cutting equipment, accessories, and consumables and markets.
