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Automotive Industry Growth Fuels Expansion Of Metal-Cutting Machine Market: The Driving Engine Behind Metal Cutting Machine Market Evolution in 2025
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Metal Cutting Machine Market Size Growth Forecast: What to Expect by 2025?
Recent years have seen a significant surge in the size of the metal cutting machine market. A rise from $6.87 billion in 2024 to $7.29 billion by 2025 is expected, with a compound annual growth rate (CAGR) of 6.0%. The growth throughout the historic period has been driven by factors such as increasing demand for precision engineering, industrialization and urbanization, mass production, manufacturing technique advancements, the industrial revolution and the expansion of machine tools.
How Will the Metal Cutting Machine Market Size Evolve and Grow by 2029?
In the next few years, the metal cutting machine market is projected to witness significant growth, with an expected value of $9.47 billion by 2029. This implies a compound annual growth rate of 6.8%. Such expansion during the forecast period is linked to the worldwide industrial enhancement, precision engineering and micromachining, customization and flexible production, adherence to sustainable manufacturing practices, and the utilization of additive manufacturing. Upcoming trends likely to dominate the forecast period include improved machining speed and efficiency, incorporation of advanced CNC technology, developments in multi-axis machining, and the application of augmented reality (AR) and virtual reality (VR) in machining, coupled with a concentrated emphasis on sustainability and green technologies.
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What Drivers Are Propelling the Growth of Metal Cutting Machine Market Forward?
The anticipated expansion of the metal-cutting machine market is being propelled by an expanding automotive industry. The latter encompasses a wide variety of firms that focus on the manufacture, growth, design, advertising, and distribution of automobiles, towed vehicles, and mopeds. Machine tools have emerged as a prime choice for this industry due to their ability to perform repetitive jobs. Take the manufacturing of elements like fuel injectors, which demand incredibly high precision, for instance. The main function of CNC machines in this scenario is to grind camshafts, a task they accomplish with the aid of computer-aided design. As a result, metal-cutting machines play an integral part in auto manufacturing. For example, in February 2023, the China Passenger Car Association - a Chinese entity that provides automotive statistics - reported a 2.2% increase in vehicle sales from the same month the previous year, reaching 1.94 million units. Consequently, the expanding automotive industry is fuelling the growth of the metal-cutting machine market.
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Which Emerging Trends Are Transforming the Metal Cutting Machine Market in 2025?
Technological innovation is a vital trend seen in the metal cutting machine market. To secure their market position, top market operators for metal cutting machines are concentrating on creating state-of-the-art technology. As an example, in March 2022, an American manufacturing company known as Bodor Laser, who specializes in metal laser cutting machines, rolled out its latest metal cutting machine. This cutting-edge laser scanning cutting device is equipped to eliminate beam reflection and improve cutting speed and capacity for denser and highly reflective materials. When assessed against traditional cutting processes of the same power and sheet thickness, this scanning cutting device boosts its speed by 50% to 18% due to the revolutionary beam locus motion control technology in place. This technology also enables the creation of diverse beam locus patterns, allowing the cut of highly reflective materials without any damage to the laser source. Bodor's latest product to hit the laser metal cutting market is the Laser Scanning Cutting Machine - the only one of its kind in the world - which attests to the company's innovative spirit.
What Are the Key Segments in the Metal Cutting Machine Market?
The metal cutting machine market covered in this report is segmented -
1) By Product: Laser Cutting Machine, Waterjet Cutting Machine, Plasma Cutting Machine, Flame Cutting Machine
2) By Distribution: Online, Offline
3) By End-User: Automobile, Aerospace And Defense, Electronics, Power And Energy, Other End-Users
Subsegments:
1) By Laser Cutting Machine: CO2 Laser Cutting Machines, Fiber Laser Cutting Machines, Solid-State Laser Cutting Machines
2) By Waterjet Cutting Machine: Abrasive Waterjet Cutting Machines, Pure Waterjet Cutting Machines
3) By Plasma Cutting Machine: Conventional Plasma Cutting Machines, High-Definition Plasma Cutting Machines
4) By Flame Cutting Machine: Oxy-Fuel Cutting Machines, Portable Flame Cutting Machines
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Who Are the Key Players Shaping the Metal Cutting Machine Market's Competitive Landscape?
Major companies operating in the metal cutting machine market are Trumpf Pvt. Ltd., Amada Co. Ltd., Colfax Corporation, Bystronic Laser AG, Nissan Tanaka Corporation, Lincoln Electric Holdings Inc., Coherent Inc., Komatsu Ltd., Koike Aronson Inc., Flow International Corporation, Omax Corporation, Okuma Corporation, Yamazaki Mazak Corporation, Doosan Machine Tools Co. Ltd., JTEKT Corporation, ESAB Corporation, WARDJet Inc., Prima Power AG, Mazak Optonics Corporation, Salvagnini America Inc., Cincinnati Incorporated, LVD Group NV, MC Machinery Systems Inc., Mitsubishi Electric Corporation, DMG MORI Corporation, Haas Automation Inc., Makino Milling Machine Co. Ltd., Hurco Companies Inc., Chmer EDM Co., Shigiya Machinery Works Ltd.
What Geographic Markets Are Powering Growth in the Metal Cutting Machine Market?
Asia-Pacific was the largest region in the metal cutting machine market share in 2024. The regions covered in the metal cutting machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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