Gas Cutting Machine Market to receive overwhelming hike in Revenues by 2026
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Key market participants in the industry include Kaltenbach Group, ESAB, Koike Aronson, Hornet Cutting Systems, Messer Cutting Systems, Ador Welding, Haco, Harris Products Group, Shangai Welding & Cutting Tool Works, SteelTailor, and Voortman Steel Machinery.
Ease of portability and incorporation of multiple torches for increased functionality are expected to garner high adoption rates over the forecast period
The equipment can be used to cut metals in small sizes and shapes, which is rather cumbersome using other mechanical methods. Incorporation of multiple torches can be used to cut multiple number of metal profiles simultaneously. Moreover, some machining alternatives provide easy portability that find large applications for field operations. In conjunction with these characteristics, fast operations and relatively low cost requirement in comparison to other mechanical procedures, gas cutting equipment market is expected to witness major traction over the next few years.
Proliferating demands from end-use industries will provide the necessary traction over the next few years
Global increase in the average per capita income over the past decade has led to increased consumer buying power. Increasing global air traffic, commercial and personal automotive, defense expenditure, scraping of old aircrafts and ships, and shipping, specifically in countries that include China, India, Indonesia, U.S., and Middle East countries among few others. Owing to these factors, multi-billion dollar end user industries such as automotive, aerospace & defense, metal processing and ship building are expected to witness significant demand growth. Requirement to meet these production demands, industries will invest in industrial process tools and equipment, which in turn will drive the demands for the gas cutting machine market.
Stationary gas cutting machine is expected to dominate the market over the forecast period
High reliability for extensive workloads in the industrial usage is expected to be prominent factor driving the growth of the stationary mechanism. These instruments find increased applications for the workloads that require long time and offer efficient and simple means for product development. Owing to these factors, stationary equipment segment dominated the overall market share in 2016.
Gas Cutting Machine Market Taxonomy
On the basis of machinery, the global gas cutting machine market is classified into:
On the basis of end use industries, the global gas cutting machine market is classified into:
• Machinery manufacturing
• Steel processing
• Sheet & structural metal
• Ship building
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