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Global Cutting Equipment, Accessories And Consumables Market Research With Size, Growth, Key Players, Segments And Forecast To 2032
Cutting Equipment, Accessories And Consumables Market
As per the cutting equipment, accessories and consumables market report by The Business Research Company, growth in the steel and manufacturing industries across the globe is contributing to the growth of the cutting equipment, accessories, and consumables market going forward. Steel and manufacturing industries refer to the business of converting iron ore into steel, to manufacture different grades of steel by removing impurities such as nitrogen, silicon, and phosphorus from the supplied iron.
The global cutting equipment, accessories & consumables market size grew from $8.21 billion in 2022 to $8.63 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The cutting equipment, accessories & consumables market size is expected to grow to $10.44 billion in 2027 at a CAGR of 4.9%.
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Major competitors in the cutting equipment, accessories and consumables market include Colfax Corporation, GCE Group AB, Gentec Corp., Hypertherm Inc., Illinois Tool Works Inc., Messer Group GmbH, Müller Opladen GmbH, African Oxygen Ltd., BOC Ltd., Bug-O Systems Inc., GasIQ AB, Koike Aronson Inc., Linde AG, DMG Mori Seiki Co., ABB Group, American Welding and Gas, ANCA Pty Ltd., Baker Hughes Company, and Bystronic
The cutting equipment, accessories and consumables market is segmented -
By Type: Manual Cutting Equipment, Mechanized Cutting Equipment, Other Type
By Technology: Carbon Arc Cutting, Plasma Cutting, Oxy-Fuel Cutting, Laser Cutting, Water Jet Cutting
By End-User: Construction, Heavy Metal Fabrication, Shipbuilding And Offshore, Automotive, Other End-User
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the cutting equipment, accessories and consumables market.
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The cutting equipment, accessories, and consumables are the metal tools that are used for cutting, removing, and shaping materials using shear deformation. Cutting equipment, accessories, and consumables are also known as "cutters used for cutting materials." They refer to a pointed tool that is mounted on a machine tool and used for cutting. This can be done using either multi-point or single-point tools.
The Table Of Content For The Cutting equipment, accessories and consumables market Include:
1. Executive Summary
2. Cutting Equipment, Accessories And Consumables Market Characteristics
3. Cutting Equipment, Accessories And Consumables Market Trends And Strategies
4. Cutting Equipment, Accessories And Consumables Market - Macro Economic Scenario
5. Cutting Equipment, Accessories And Consumables Market Size And Growth
.......
26. Africa Cutting Equipment, Accessories And Consumables Market
27. Cutting Equipment, Accessories And Consumables Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cutting Equipment, Accessories And Consumables Market
29. Cutting Equipment, Accessories And Consumables Market Future Outlook and Potential Analysis
30. Appendix
The "Global Cutting equipment, accessories and consumables market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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