Press release
Cutting Equipment Market to Reach USD 57.75 Billion by 2034, Driven by Automation and High-Precision Technologies, According to Straits Research
Cutting Equipment Market Size
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Market Trends and Regional Insights
North America dominated the cutting equipment market in 2025, accounting for 43.45% of global revenue, with the United States leading as the largest national market. The region's dominance is fueled by advanced manufacturing adoption, mature aftermarket services, and corporate strategies emphasizing domestic production and near-shoring. Conversely, Asia Pacific is expected to be the fastest-growing region with a CAGR of 9.4%, driven by expanding automotive supply chains, industrial growth in China, India, Japan, and Southeast Asia, and government-backed initiatives supporting local manufacturing capacity.
Europe maintains a strong position, led by Germany's precision engineering and industrial tooling sectors, while Latin America's growth is concentrated in Brazil, Mexico, and Chile due to automotive production and foreign investments. The Middle East and Africa are steadily growing, particularly in Saudi Arabia and the UAE, due to industrial diversification and defense modernization programs.
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Technological Advancements and Market Dynamics
Laser cutting technology continues to lead the market with a 54% share in 2025, thanks to high precision, flexibility, and efficiency in processing a range of materials. The adoption of fiber-laser systems and hybrid punch-laser cells is transforming traditional CO2 and mechanical cutting technologies, enhancing throughput and minimizing material handling. Waterjet and hybrid systems are emerging as fast-growing segments, ideal for cutting composites, ceramics, and other advanced materials without thermal damage.
Automation is another key driver, with semi-automated systems growing at a CAGR of 6.0% and fully automated cutting cells becoming increasingly critical in addressing global labor shortages and maximizing productivity. The market's leading material type remains ferrous metals, holding a 48% share, while composites, plastics, and advanced fibers are experiencing rapid growth due to rising demand in aerospace, EV components, and renewable energy applications.
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Industry Applications and Opportunities
The automotive industry is the primary end-use sector,accounting for the largest demand for cutting equipment, driven by high-volume, precise component production. Aerospace and defense represent the fastest-growing segment, emphasizing advanced material cutting and high-precision requirements. Other significant sectors include construction, energy, shipbuilding, and electronics.
The market presents opportunities in aftermarket services, software subscriptions, and "cutting-as-a-service" models. OEMs are increasingly offering high-margin service contracts, remote diagnostics, and pay-per-use models to provide predictable uptime and optimized production capabilities.
Competitive Landscape
TRUMPF (Trumpf Inc. and Farmington operations)
AMADA
Bystronic
Mazak (Yamazaki Mazak)
Prima Power
Flow International
Hypertherm
ESAB
Mitsubishi Heavy Industries
Haas Automation
Koike
Piranha (Piranha/Voortman-type integrators)
Salvagnini
Prima Industries
BLM Group
Messer Cutting Systems
Lincoln Electric
Cytro
Cloos
LVD
KMT Waterjet
PELI/Peli BioThermal
About Us
For over a decade, Straits Research has been a trusted partner to more than 2,000 small and large enterprises, empowering senior leaders and decision-makers with actionable intelligence to navigate complex markets. Our structured syndicate reports, published year-round, cover critical sectors such as chemicals, materials, food and beverage, healthcare, pharmaceuticals, automotive, technology, aerospace, and defense. Combined with our custom research tailored to client-specific needs, we deliver insights that drive business progress and informed decision-making.
Contact Us
Office 515 A, Amanora Chambers,
Amanora Park Town, Hadapsar,
Pune 411028, Maharashtra, India.
+1 646 905 0080 (U.S.)
+91 8087085354 (India)
+44 203 695 0070 (U.K.)
sales@straitsresearch.com
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