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A new research study titled “Manual Cutting Equipment Market - Global Industry Analysis, Share, Size, Growth, Trends and Forecast 2017 – 2026” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the report, the global manual cutting equipment market is likely to reach a valuation of over US$ 2.2 Bn by 2026.

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The research study offers in-depth research and analysis on the key factors driving the growth of the market. According to the study, the key factors driving the growth of the market include growing applications in the automotive and transportation sector. Manufacturers across a range of end-use industries are focusing on using specific materials for cutting and fabrication, which has driven the demand for manual cutting equipment. Although the use of automated systems that perform cutting operations on a wide scale is growing, manual cutting equipment is still used across a range of industries, where high-quality finish and customization is required.

In addition to these factors, the demand for manual cutting equipment will also be supported by applications in heavy equipment segment. Demand for quality tools for mining and excavation activities is likely to spur the growth of the market during the assessment period. The resurgence in the construction sector has also provided an impetus to the growth of the market. Collectively, these factors are likely to drive the growth of the global manual cutting equipment market during the assessment period.

Although the outlook on the manual cutting equipment remains positive, growth can be hindered by growing emphasis on use of automated technologies. As factories and manufacturers are moving towards mass production capabilities, the demand for manual equipment has gone down. Further, the rising trend of automation and developments in smart factories can also make manual cutting equipment oblivious in the future.

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The research study also offers a region-wise analysis on the manual cutting equipment market. According to the research study, North America will continue to be one of the leading markets for manual cutting equipment globally. The demand for manual cutting equipment in North America will be driven by growth in the US. In addition to North America, Asia Pacific is likely to emerge as a lucrative market for manual cutting equipment during the assessment period. The Asia Pacific manual cutting equipment market is likely to grow at 3.5% CAGR during the assessment period.

The key players compiled in the report include Messer group, Colfax Corporation, Matheson tri-gas Inc., Gentec, Illinois Tool Works Inc., Lincoln Electric Company, Air Liquide, GCE holding AB Linde group, and Fronius international GMBH.

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This release was published on openPR.