Press release
Future Perspectives: Key Trends Shaping the Cutting Equipment, Accessories, and Consumables Market Until 2030
Cutting Equipment, Accessories & Consumables
Projected Expansion and Market Size in Cutting Equipment, Accessories & Consumables
The market for cutting equipment, accessories, and consumables is expected to grow robustly, reaching a value of $12.7 billion by 2030. This represents a compound annual growth rate (CAGR) of 5.8% during the forecast period. The expansion is primarily fueled by the rising integration of automation in metalworking processes, increased demand for precision fabrication, growth in industrial manufacturing capacities, and broader adoption of laser and water jet cutting technologies. Additionally, a heightened focus on maximizing productivity and operational efficiency continues to support market growth. Key trends shaping this period include the widespread use of CNC and automated cutting systems, a growing preference for high-precision cutting tools, continual advancements in cutting technologies, and the proliferation of wear-resistant consumables.
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Primary Factors Propelling Growth in the Cutting Equipment Market
Automation is playing an increasingly vital role in boosting productivity and consistency in metalworking operations. As manufacturers seek to streamline processes and reduce human error, automated cutting systems are becoming the preferred choice across sectors. This shift not only enhances precision but also supports higher throughput and lowers operational costs.
Moreover, the escalating demand for intricate and high-accuracy fabrication drives the adoption of advanced cutting methods such as laser and water jet technologies. These techniques enable manufacturers to meet tight tolerances and produce complex designs efficiently, which is critical for industries including automotive, aerospace, and heavy fabrication.
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Leading Companies Driving Innovation in Cutting Equipment, Accessories & Consumables
The cutting equipment and accessories market features several key players actively shaping its landscape. Notable companies include Colfax Corporation, GCE Group AB, Hypertherm Inc., Illinois Tool Works Inc., Messer Group GmbH, African Oxygen Ltd., BOC Ltd., Bug-O Systems Inc., Koike Aronson Inc., Linde AG, DMG Mori Seiki Co., ABB Group, American Welding And Gas, Bystronic AG, Lincoln Electric Holdings Inc., Fronius International GmbH, BURNY Kaliburn Lincoln Electric Co., C&G Systems, CNC Clear Cut, HG Farley LaserLab Co., Flow International Corporation, HACO-FAT, Hornet Cutting Systems, Jet Edge Inc., KMT Waterjet Systems, Komatsu NTC Ltd., KUKA AG, LVD Company nv, Mazak Corporation, OMAX Corporation, Prima Power, Salvagnini America Inc., SigmaTEK Systems LLC, and Techni Waterjet.
Strategic Acquisition Enhancing Market Position
In a significant development in June 2024, Sandvik AB, a Sweden-based engineering solutions firm, acquired PDQ Workholding LLC, a US company specializing in custom cutting tools such as carbide round tools, indexable tool bodies, drills, end mills, reamers, and form cutting tools. Although the financial details were undisclosed, this acquisition aims to augment Sandvik's machining solutions portfolio in North America, expand tooling and fixture capabilities, and accelerate access to component projects. This move is expected to strengthen Sandvik's presence in advanced machining and lightweight materials markets.
Emerging Trends Redefining Cutting Equipment Technologies
Innovation is a key driver within this market, with companies focusing on solutions that improve cutting precision and operational efficiency. One notable advancement is the development of tube laser cutters, which are designed specifically for cutting, engraving, or shaping hollow metal tubes, pipes, and profiles with exceptional accuracy.
For example, in April 2025, Swiss sheet metal processing technology provider Bystronic introduced the ByTube Star 330. This 3-D fibre laser tube-cutting machine features a modular design offering three loading options, fully automatic tube feeding and sorting, and the capability to cut tubes and open profiles ranging from 19 to 305 mm in diameter without requiring setup time. Equipped with either a 6kW or 10kW laser, the machine supports thick tube cutting and bevel operations while maintaining precision. It also integrates drilling, tapping, marking, and phase cutting without manual input. The intuitive touchscreen interface and Bystronic HMI enhance usability, and the system can be customized to optimize floor space, boost production efficiency, and reduce labor costs.
Segment Breakdown Powering Market Demand
This market is segmented based on type, technology, and end-user sectors to provide a detailed understanding of the growth drivers. By type, the categories include manual cutting equipment, mechanized cutting equipment, and other types. In terms of technology, the market covers carbon arc cutting, plasma cutting, oxy-fuel cutting, laser cutting, and water jet cutting. End-users span construction, heavy metal fabrication, shipbuilding and offshore, automotive, and other relevant industries.
Further subcategories under manual cutting equipment include handheld cutting tools, manual shears, and utility cutters. Mechanized cutting equipment breaks down into CNC cutting machines, laser cutting machines, plasma cutting machines, and water jet cutting machines. The additional types comprise abrasive cutting equipment, electric cutting tools, and specialty cutting equipment.
Regional Growth Patterns and Market Outlook
While the report provides a comprehensive regional analysis, it is noteworthy that industrial growth in various parts of the world, such as North America, Europe, and Asia-Pacific, continues to support the adoption of advanced cutting solutions. The Asia-Pacific region, in particular, is expected to witness rapid market expansion, driven by increased manufacturing activity and infrastructure development.
In summary, the cutting equipment, accessories, and consumables market is positioned for strong growth through 2030, backed by technological innovations, expanding industrial demands, and strategic industry moves that enhance capabilities and market reach.
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