Metal-Cutting Machine Market: Global Industry Analysis and Forecast (2023-2029)

The Metal-Cutting Machine Market was valued at US$ 7.29 Bn. in 2022 and the total revenue is expected to grow at 5.03% of CAGR through 2023 to 2029, reaching nearly US$ 10.29 Bn.

Metal-Cutting Machine Market Overview:

Metal cutting machine tools are essential in the manufacturing industry. These are the machining tools that shear, cut, drill, punch, grind, and press. Machine tools, in general, are power-driven metal cutting or shaping devices used to modify the size and shape of a work item by cutting away undesired parts, regulating electrical machinery processes, and pressing, sealing, drawing, or shearing. The machine tools can be operated manually or automatically. Metal-cutting machine tools, metal-forming machine tools, and other machine tools are examples of machine tools. Metal cutting machines include, for example, a lathe, a drilling machine, a milling machine, a boring machine, a grinding machine, and a machining center. Due to the increased demand for metal-cutting machines from a number of industries, such as aerospace, military, automotive, and industrial machinery, the market for metal-cutting tools is growing. Increasing metal-cutting machine market automation and the use of smart technologies for manufacturing would fuel metal-cutting machine market growth over the forecast period. Increasing Industry 4.0 Adoption would provide the metal-cutting machine market with Significant Growth Opportunities. Smart manufacturing technologies are being used more often for the process of product creation and manufacture as a result of the increasing need for industrial automation in the metal-cutting machine market. Demand for connected machinery is increasing as a result of Industry 4.0, which also increases demand for machines with high predictive maintenance capabilities. It is projected that this industry would require an increasing number of metal-cutting tools. The growth in demand from several other industries, including packaging, construction, and food processing, is also contributing to the metal-cutting machine market's rise. This will provide the market with strong potential and a new upcoming opportunity for new market players during the forecast period.Metal-Cutting Machine MarketTo know about the Research Methodology :- Request Free Sample Report

Metal-Cutting Machine Market Dynamics:

The manufacturing industry experiences digital transformation Corporations must adjust to the growing digital change if they want to lead the industrial sector. The potential for digital manufacturing to increase productivity, reduce lead times, use less working capital, and boost cash flow is significant in the metal-cutting machine market. There are several ways to profit from digitalization in the machining industry. The digital tool organization and the availability of machine-readable tool setup data, in addition to the usage of machine connection, offer a significant opportunity to improve productivity. Additionally, it is vital for the success of automated production that the data be managed in an audit-proof manner for process-safe machine simulation and CNC machining. "This applies to both those who build and utilize machines. And it applies applicable to both the major players in the sector and small- and medium-sized businesses. Digitalization is the metal cutting machine industry’s primary global and local growth and profitability driver machine tool sector's primary global and local growth and profitability driver digitalization. Machines are becoming more digital as a result of extensive data collecting. Machine tools (like CNC machines) include sensor points attached to the ends that measure vibrations, forces, and temperatures. For instance, DMG Mori and Schaeffler have been collaborating to create The CELOS Condition Analyzer App, which they will pair with a 4.0 sensor pack to monitor equipment. The benefits of digitalization extend beyond the manufacturing industry. One benefit is that it's easing new engineers into the manufacturing sector, which is struggling with an aging labor base now they are investing in new digital metal cutting machines. Drive the Metal-Cutting Machine Market. Metal-cutting machine demand in various industries Developing and advanced countries, including India, China, Brazil, the United States, the United Kingdom, Mexico, and Canada, have experienced rapid urbanization and industrialization, which has accelerated the growth of a number of industries including metal, manufacturing, and aerospace & defense. Consequently, it is expected that throughout the forecast period, demand for metal-cutting tools would increase. Additionally, the manufacturing sector has grown as a result of population growth, an increase in disposable income, a jump in employment rates, and improvements in living standards in countries such as India, China, Mexico, Canada, Russia, Malaysia, and Thailand. The demand for metal-cutting tools has increased as a result. Additionally, the need for metal cutting tools has been positively impacted by additive manufacturing, industrial automation, computerized numeric control (CNC), computer-aided manufacturing (CAM), and 3D printing, which have all greatly decreased material costs and capital costs. During the forecast period, the emergence of alternative production techniques will also fuel the economic growth of the Metal-cutting machine market. Metals used in the building and construction industry must be cut and produced to precise measurements, forms, and from a range of metal thicknesses. Metal-cutting is the process of shaping and producing metal in accordance with the requirements outlined in the architectural designs. Metal has to be cut for a variety of purposes in the building industry, including roofing (such as thin sheet metal for air conditioners), decorations, and structural support (pipes, I-beams, or holes), and drives the Metal-Cutting Machine Market. High cost of maintenance restraining the market growth A significant restriction that is expected to hamper the market's growth during the forecast period is the high initial cost as well as the high operating and maintenance cost. The market for metal cutting tools is also constrained by a scarcity of competent workers who can operate the equipment and by rising daily rates. Additionally, since the market for equipment rentals has expanded, less new equipment is being purchased, which will soon lead to less need for metal-cutting tools and restrain market development.

Metal-Cutting Machine Market Segment Analysis:

Based on Type, Metal-Cutting Machine Market is segmented into Laser Cutting machines, Waterjet Cutting Machines, Plasma Cutting Machines, and Flame Cutting Machines. The laser-cutting market is expected to dominate the metal-cutting machine market during the forecast period. A laser beam used in laser cutting equipment melts and evaporates the target region through heat. Materials are sliced using lasers like CO2 and fiber in laser cutting. It has developed into a crucial industrial tool in sectors like the automobile, consumer electronics, and multitasking machine tool industries, among other manufacturing sectors. The automation industry is being driven by an increase in industrial production rates and a rising desire for less human participation in metal processing and operations, which is having a direct influence on the metal-cutting machine market growth for laser-cutting machines. Laser-cutting equipment is in high demand in the manufacturing sector. The need for laser cutting machines is increased by the growing sales rates in the industrial sectors such as consumer electronics, automotive, and the military. The restriction on a product's life span also helps the sales rate. These elements are fueling the growth of the global metal-cutting machine market for laser-cutting equipment. Due to the broadening demand for laser-cutting machines in industrialized countries, the market for laser-cutting machines is seeing significant growth. The development of the global Laser Cutting Machines Market is accelerated by the car industry's robust production rate. The global market for laser-cutting machines is dominated by North America. The demand for laser-cutting machines is driven by the region's booming increase in automotive production. Additionally, customer desire for different automobiles and cutting-edge metalworking equipment affects market revenues. The US is the greatest contributor to the global and North American markets for laser cutting equipment because of strong industrial sector developments. On the global market for laser cutting equipment, the Asia Pacific area comes in second. The value of the market is increased by expanding technological advancements and manufacturing sector automation. Additionally, the region's abundant supply of essential raw materials and labor with competitive wages contributes to the growth of the Laser Cutting Machines Market. Metal-Cutting Machine MarketBased on the Application, the Metal-Cutting Machine Market is segmented into Automobile, Aerospace & Defense, Construction, Marine, Electronics & Electrical, and Others. The automobile industry held the largest market shear in 2022. Metal-cutting market growth is significantly influenced by the automotive industry. The future of this sector seems promising. various countries is a highly in-demand market for both component suppliers and several international manufacturers. On the other hand, OEMs and component suppliers have made a name for themselves internationally. Thus, it functions both ways. Demand is expected to be boosted by the growing desire for SUVs and commercial vehicles. Although two-wheelers will continue to dominate the market, four-wheeler sales are expected to grow as well. Additionally, however, neither development of electric cars nor any subsequent shift in technology will damage the prospects of metal forming. The market for sheet metal will continue to have strong demand, and there is a tremendous opportunity for growth. The process of installing components like doors, hoods, and frame sub-assembly also is segmented into numerous parts. One of those processes, cutting the metal before it is completed and affixed to an automobile, will be the subject of this essay. Both independent fabrication shops and suppliers to the vehicle manufacturing sector employ cutting equipment and methods, and thanks to these Metal-Cutting Machine Market is highly in demand. There is a significant role in the development of new tools and programs in the Metal-Cutting Machine Market. Recent years have seen a number of advancements in the metal-cutting machine market, including plasma cutting, laser cutting, and Flame cutting. As consumer demands for product quality and quantity rise, many industries are progressively replacing traditional machinery with automated ones. With the use of robotic automated metal cutting machines, the automobile sector has a high level of automation for cutting, pressing, shaping, and pressing. This boosts output and lowers the likelihood of errors. Despite the increased cost of automated devices compared to conventional ones, small companies are choosing them. These automated systems provide the finest results for them over the long term and booming the Metal-Cutting Machine Market growth.

Metal-Cutting Machine Market Regional Insights:

The Asia Pacific region dominated the market with a 45 % share in 2022. The demand for the metal-cutting machine market in the Asia-Pacific region is expected to grow further due to the region's fast industrialization and improved economic circumstances, particularly in China, India, and South Korea. According to forecasts, the Asia Pacific will continue to be a center for high-tech manufacturing, particularly for the aerospace, automotive, defense, and electronics industries. This is likely to drive regional market growth. Additionally, the Asia Pacific region's development is constrained by high competition, rapid change, and costly capital investments for adopting a modern database. China and India currently hold the largest revenue share in the global market for the metal-cutting machine market, and it is expected that they are going continue to dominate over the forecast period. A profitable market for metal-cutting machine market is also expected in countries such as India, China, Japan, Korea, Taiwan, and Singapore, primarily as a result of increases in urbanization, industrialization, and infrastructure spending. Due to their quick growth in innovative industries, countries like China are among the leading contributors to market revenues. The market for Metal-Cutting Machine Market expanded more quickly as cutting and welding applications and additive manufacturing applications both grew. This may be attributed to the fact that metal cutting is a necessary step in a number of sectors, including electronics, aircraft, automotive, and marine. Additionally, due to technological improvements in the Metal & Metallurgy machines market, people preferred this industry. Due to the rise in demand for electrical equipment, the powder metallurgy industry is now a developing market in the Asia-Pacific region.

Competitive Landscape

There are several well-established industry players in the global metal-cutting machine market, and many of them are expected to have a sizable part of the market in the years to come. Research and development projects aimed at producing items of higher quality might, in the future, be a crucial component of the main market companies' growth strategies. In an effort to outperform their rivals, leading market companies could use growth strategies including new product releases. 2019 saw the debut of a new MB-80V high-precision big vertical machine by Japanese market participant Okuma, which has found usage in the semiconductor and automotive industries. In an effort to improve their market share and market visibility, well-established market companies may team up with smaller competitors. The smaller market players will look for private investor funding, which might help in their long-term growth. AMADA Co. Ltd., Water Jet Sweden AB, Colfax Corporation, Okuma, WARDJet, and Flow International Corporation are a few of the market's top competitors.

Metal-Cutting Machine Market Scope: Inquire before buying

Metal-Cutting Machine Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 7.29 Bn.
Forecast Period 2023 to 2029 CAGR: 5.03% Market Size in 2029: US $ 10.29 Bn.
Segments Covered: by Product Type 1. Laser Cutting Machine 2. Waterjet Cutting Machine 3. Plasma Cutting Machine 4. Flame Cutting Machine
by Application 1. Automobile 2. Aerospace & Defense 3. Construction 4. Marine 5. Electronics & Electrical 6. Others

Metal-Cutting Machine Market, by Region

 North America (United States, Canada and Mexico)  Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)  Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)  Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)  South America (Brazil, Argentina Rest of South America)

Metal-Cutting Machine Market, Key Players are

1. Sandvik 2. Kennametal 3. Iscar 4. OSG 5. Mitsubishi 6. Kyocera 7. Sumitomo 8. Mapal 9. Nachi-Fujikoshi 10. LMT 11. ZCCCT 12. YG-1 13. Shanghai Tool 14. Korloy 15. Union Tool 16. Tiangong 17. Guhring 18. Harbin No.1 Tool 19. Tivoly 20. Ceratizit 21. Hitachi 22. Feidadrills 23. Chengdu Chengliang 24. BIG Kaiser 25. Addison 26. Hanjiang 27. EST Tools 28. Xiamen Golden Erge 29. AHNO 30. Sandhog Frequently Asked Questions: 1] Which is the best metal cutting machine? Ans. 7 Best Metal Cutting cutting machine market 1. PORTER-CABLE PCE700 15 Amp Chop Saw. ... 2. DEWALT Metal Cutting Saw. ... 3. Makita LC1230 12″ Metal Cutting Saw. ... 4. MILWAUKEE M18 Fuel Metal Cutting Circular Saw. ... 5. Slugger by FEIN MCCS14 Metal Cutting Saw. ... 6. Milwaukee 6370-21 13 Amp 8-Inch Metal Cutting Circular Saw. ... 7. Ironton Dry Cut Metal Saw. 2] How is metal cut in industry? Ans. During the metal cutting process, excess material is removed from a workpiece as a chip using a wedge-shaped tool. 3] What are the two types of metal cutting? Ans. 4 Different Types Of Metal Cutting Processes 1. Laser Cutting. 2. Oxy-fuel Cutting or Flame Cutting. 3. Waterjet Cutting. 4. Plasma Cutting. 4] Which metal has the highest demand? Ans. One of the most costly precious metals is rhodium. Rhodium is actually far more expensive than gold. Compared to gold, rhodium is significantly rarer and comprises a far smaller fraction of the world's supply. The price of the two metals differs significantly since gold mines are found far more frequently than rhodium mines. 5] What was the market size of the Global Metal-Cutting Machine Market in 2029? Ans. The market size of the Metal-Cutting Machine Market in 2029 was valued at US$ 10.29 Bn.
1. Metal-Cutting Machine Market: Research Methodology 2. Metal-Cutting Machine Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Metal-Cutting Machine Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Metal-Cutting Machine Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Metal-Cutting Machine Market Segmentation 4.1. Metal-Cutting Machine Market, by Product (2022-2029) • Laser Cutting Machine • Waterjet Cutting Machine • Plasma Cutting Machine • Flame Cutting Machine 4.2. Metal-Cutting Machine Market, By Application (2022-2029) • Automobile • Aerospace & Defense • Construction • Marine • Electronics & Electrical • Others 5. North America Metal-Cutting Machine Market(2022-2029) 5.1 North American Metal-Cutting Machine Market, By Product (2022-2029) • Laser Cutting Machine • Waterjet Cutting Machine • Plasma Cutting Machine • Flame Cutting Machine 5.2 North America Metal-Cutting Machine Market, By Application (2022-2029) • Automobile • Aerospace & Defense • Construction • Marine • Electronics & Electrical • Others 5.3 North America Metal-Cutting Machine Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Metal-Cutting Machine Market (2022-2029) 6.1. European Metal-Cutting Machine Market, By Product (2022-2029) 6.2. European Metal-Cutting Machine Market, By Application (2022-2029) 6.3 European Metal-Cutting Machine Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Metal-Cutting Machine Market (2022-2029) 7.1. Asia Pacific Metal-Cutting Machine Market, By Product (2022-2029) 7.2. Asia Pacific Metal-Cutting Machine Market, By Application (2022-2029) 7.3. Asia Pacific Metal-Cutting Machine Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Metal-Cutting Machine Market (2022-2029) 8.1. Middle East and Africa Metal-Cutting Machine Market, By Product (2022-2029) 8.2. Middle East and Africa Metal-Cutting Machine Market, By Application (2022-2029) 8.3. Middle East and Africa Metal-Cutting Machine Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Metal-Cutting Machine Market (2022-2029) 9.1. South America Metal-Cutting Machine Market, By Product (2022-2029) 9.2. South America Metal-Cutting Machine Market, By Application (2022-2029) 9.3 South America Metal-Cutting Machine Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Sandvik 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Kennametal 10.3 Iscar 10.4 OSG 10.5 Mitsubishi 10.6 Kyocera 10.7 Sumitomo 10.8 Mapal 10.9 Nachi-Fujikoshi 10.10 LMT 10.11 ZCCCT 10.12 YG-1 10.13 Shanghai Tool 10.14 Korloy 10.15 Union Tool 10.16 Tiangong 10.17 Guhring 10.18 Harbin No.1 Tool 10.19 Tivoly 10.20 Ceratizit 10.21 Hitachi 10.22 Feidadrills 10.23 Chengdu Chengliang 10.24 BIG Kaiser 10.25 Addison 10.26 Hanjiang 10.27 EST Tools 10.28 Xiamen Golden Erge 10.29 AHNO 10.30 Sandhog

About This Report

Report ID 164148
Category Engineering Equipment
Published Date May 2023
Updated Date
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