Press release
Shared Mobility to define the growth parameters of the Cutting Equipment Market
Market - Plasma Cutting Equipment Market
Market Value - US$ 750 Mn From 2017-2026
Market CAGR Value - 4% From 2017-2026
Market Forecast Year - 2017-2026
Get Sample Copy of This Report -> https://www.persistencemarketresearch.com/samples/22315
Prevalent significance of cutting operations as a key process in a range of industries has driven the demand for effective equipment and the adoption of advanced cutting technologies such as plasma cutting. In the recent past, several manufacturers of industrial cutting equipment have forayed into production of plasma cutting equipment. The advantage of plasma cutting equipment in delivering excellent cut quality at high speeds is observed as a key driver for their adoption.
Moreover, these equipment can deliver clean cuts with negligible dross and across a wide range of operating temperatures. New plasma materials are being introduced to increase the efficiency of plasma cutting equipment in large-scale cutting applications. However, high maintenance costs, lack of skilled professionals, and increasing complexities in procurement of raw materials have deterred the adoption of plasma cutting equipment across industries.
To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/22315
Persistence Market Research has published an exclusive study on the global market for plasma cutting equipment, which offers comprehensive forecast on how the adoption and manufacturing of these equipment will evolve in the years to come. According to the report, the global market for plasma cutting equipment is expected to expand at a moderate CAGR of 4% over the forecast period, 2017-2026. By the end of this period, it has been estimated that the global plasma cutting equipment market will touch a valuation of US$ 795 Mn.
North America to Register Highest Adoption of Plasma Cutting Equipment
A regional analysis provided in the report foresees North America as the most lucrative marketplace for adoption of plasma cutting equipment. Over the years, the demand for plasma cutting equipment in the US and Canada has matured. Heavy metal industries in North America are witnessing robust growth due to changing trade policies and favorable industrial regulations. Moreover, quality control is highly prioritized in industrial cutting processes across North America.
The report estimates that by the end of 2026, North America's plasma cutting equipment market will be worth nearly US$ 240 Mn. The report also estimates that by the end of 2026, several plasma cutting equipment manufacturers will be expanding their facilities in the Asia-Pacific excluding Japan (APEJ) region. Manufacturing hubs such as China and India will continue to propel the lucrativeness of APEJ market for cost-effective manufacturing of plasma cutting equipment.
To connect with our sales representative@ sales@persistencemarketresearch.com
Shipping & Offshore Applications of Plasma Cutting Equipment to Reflect Rapid Revenue Growth
Over the forecast period, it has been assessed that heavy equipment fabrication applications of plasma cutting equipment will translate into highest amount of revenues in the global market. In 2017, more than US$ 115 Mn worth of plasma cutting equipment were sold across the globe for heavy metal fabrications.
The report further reveals that automotive & transportation applications of plasma cutting equipment will have a considerable share on the global market values throughout the forecast period. However, shipbuilding and offshore applications of plasma cutting equipment will register fastest revenue growth at an estimated 5.1% CAGR over the forecast period.
Moreover, leading manufacturers of plasma cutting equipment are considering the growing shift from manual to mechanized operability of equipment. By 2026-end, mechanized plasma cutting equipment worth over US$ 445 Mn are expected to be sold globally.
Through 2026, companies namely, Ador Elding Ltd., Colfax Corporation, Matheson tri-gas Inc., Flow International Corporation, Illinois Tool Works Inc., Lincoln Electric Company, Linde group, Barton International Inc., Fronius international GMBH, and GCE holding AB are expected to instrument the manufacturing of plasma cutting equipment at a global scale.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/22315
Contact Us:
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Shared Mobility to define the growth parameters of the Cutting Equipment Market here
News-ID: 2584742 • Views: …
More Releases from Persistence Market Research
North America Household Washer and Dryer Market Set to Reach US$ 22.2 Bn by 2032 …
The North America household washer and dryer market is poised for steady growth, supported by rising demand for smart home appliances, changing lifestyle patterns, and technological enhancements in laundry equipment. The market is projected to reach US$ 17.3 billion in 2025, and with a CAGR of 3.5% from 2025 to 2032, it is expected to climb to US$ 22.2 billion by 2032.
➤ Download Your Free Sample & Explore Key Insights:…
Indoor Plants Market to Grow at 5.4% CAGR Through 2032 as Demand for Green Inter …
The global indoor plants market is poised for sustained expansion over the next several years. According to Persistence Market Research, the market is projected to grow from US$ 22.6 billion in 2025 to US$ 32.7 billion by 2032, reflecting a CAGR of 5.4% during the forecast period. This upward trajectory underscores the increasing consumer shift toward wellness-driven living, biophilic interiors, and nature-connected home environments.
➤ Download Your Free Sample & Explore…
UV Disinfection Equipment Market Poised for Strong 16.3% CAGR Growth Through 203 …
The global UV disinfection equipment market is poised for remarkable expansion over the next decade. Industry estimates indicate that the market will be valued at US$ 17.0 billion in 2025 and is projected to surge to US$ 48.9 billion by 2032, registering a powerful CAGR of 16.3% between 2025 and 2032. This accelerated growth reflects heightened global focus on safety, hygiene, water quality, and chemical-free disinfection methods across both residential…
Surfing Apparel and Accessories Market Booms at 5.5% CAGR Through 2031, Reports …
The global surfing apparel and accessories market is set for steady expansion over the next several years. According to industry estimates, the market is anticipated to rise from US$ 9.5 billion in 2024 to US$ 14.1 billion by 2031, reflecting a healthy CAGR of 5.5% during the forecast period. This upward trajectory highlights the increasing global appeal of surfing as both a sport and a lifestyle.
➤ Download Your Free Sample…
More Releases for Cutting
Comparing CO2 Laser Cutting to Other Fabric Cutting Methods
Choosing the Right Tool for Precision and Efficiency
Choosing the correct focal length for your CO2 laser is crucial for achieving precise cuts, especially when working with laser cutting fabric. The focal length determines the laser beam's spot size and depth of focus, directly impacting cutting quality. Shorter focal lengths (e.g., 1.5" to 2") are ideal for fine details on thin materials, while longer focal lengths (e.g., 4" to 5") suit…
Cutting Edge Solutions: Analyzing the Booming Cutting Fluid Market
The global cutting fluid industry is poised for significant growth, with projections indicating a Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2033. By 2033, the market is expected to achieve a valuation of USD 16.3 billion, underscoring its critical role in industrial manufacturing and machining processes.
Cutting fluids, often referred to as coolants or lubricants, play a pivotal role in industrial metalworking. These fluids are designed to reduce…
Is Die Cutting The Same As Cricut? What Is The Difference Between Die Cutting An …
Die cutting and Cricut are related but not exactly the same. Die cutting is a general term for the process of using a die to cut out shapes from various materials, such as paper, fabric, or metal. This can be done manually with a die cutting machine or press, or with the help of electronic die cutting machines like the Cricut.
Cricut is a brand of electronic die cutting machines that…
Profboard launches cutting-edge cutting board on Kickstarter
Image: https://www.getnews.info/wp-content/uploads/2024/06/1718783865.png
Revolutionizing Kitchen Safety and Convenience for Home Chefs
Profboard, the premier manufacturer of innovative cutting board systems, is proud to announce the launch of the Profboard Private edition. Since 2006, Profboard has been a trusted name among chefs and culinary enthusiasts worldwide. Now, the same professional-grade quality and innovation can be experienced in home kitchens.
Profboard sets a new standard with its cutting-edge cutting board system designed to revolutionize your kitchen.…
Fiber Laser Metal Cutting Machines Market Cutting-Edge Technology for Efficient …
Global Fiber Laser Metal Cutting Machines Market Overview:
The Fiber Laser Metal Cutting Machines market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Fiber Laser Metal Cutting Machines market has experienced significant growth, driven by factors such as increasing consumer demand,…
Metal Cutting Fluids Market Report 2018: Segmentation by Type (Emulsion Metal Cu …
Global Metal Cutting Fluids market research report provides company profile for Blaser, Idemitsu Kosan, Daido Chemical Industry, COSMO Oil, Master, Exxon Mobil Corporation, Houghton (Gulf Oil), BP, Fuchs, Yushiro Chemical, Quaker and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for…
