IMARC Group has recently released a new research study “Metal cutting machine (MCM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Metal cutting machine (MCM) Industry?
The global Metal cutting machine (MCM) market size reached US$ 3.18 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.37 Billion by 2027, exhibiting a growth rate (CAGR) of 5.30% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What is a Metal cutting machine (MCM) Market ? Metal cutting machines (MCM) represent power-driven equipment used for changing the workpiece to the needed size and shape by cutting or removing unwanted sections. Laser, waterjet, flame, plasma, etc., are some of the commonly available instruments.
These machines are widely utilized for cutting several non-ferrous as well as ferrous metals to produce a finished product of desired geometry. They offer various advantages, including closer dimensional accuracy, complex shaping, enhanced surface texture or finish, etc. Consequently, MCMs find extensive applications in numerous sectors, such as construction, marine, aerospace, electronics, etc.
What are the major market drivers in the Metal cutting machine (MCM) Market ?
The expanding automotive industry across countries is primarily stimulating the metal cutting machine (MCM) market. Moreover, the rising utilization of equipment for manufacturing high-precision, efficient, and effective defense and aerospace components and devices, including ignitors, rotary blades, composites, engine parts, turbines, etc., is acting as another significant growth-inducing factor.
Besides this, the widespread adoption of plasma cutting machines that uses an electrical arc in ionizing and heating the gas to form a plasma used to cut conductive metals, such as stainless steel, aluminum, titanium, copper, etc., is positively influencing the global market. Furthermore, the introduction of advanced metal cutting machines that offer high performance and throughput, thicker cutting ranges, high cutting speed, etc., is also propelling the market growth.
Apart from this, the emerging trend of automation in the manufacturing processes and extensive investments in R&D activities by key market players to increase productivity and meet quality standards are anticipated to fuel the metal cutting machine (MCM) market over the forecasted period.
Who are the leading players in the Metal Cutting Machine (MCM) Market ?
Amada Co. Ltd., Boye Laser Applied Technology Co. Ltd., Bystronic AG, Coherent Inc. (II-VI Incorporated), Eurolaser GmbH, Flow International Corporation, Han’s Laser Technology Industry Group Co. Ltd., Koike Aronson Inc. (Koike Sanso Kogyo Co. Ltd.), Komatsu America Industries LLC, Messer Cutting Systems Inc., Nissan Tanaka Corporation, TRUMPF Group and Water Jet Sweden AB.
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Breakup by Product: ·
Laser Cutting Machine ·
Waterjet Cutting Machine ·
Plasma Cutting Machine ·
Flame Cutting Machine
Breakup by Distribution Channel: ·
Online ·
Offline
Breakup by Application: ·
Automobile ·
Aerospace and Defense ·
Construction ·
Marine ·
Electronics and Electrical ·
Others
By Geography: o
North America (United States, Canada) o Europe (Germany, France, United Kingdom, Italy, Spain, Others) o Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others) o Latin America (Brazil, Mexico, Others) o Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
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