The global Gas Cutting Machine Market is estimated to be valued at US$750 Mn or Mn in 2023 and is expected to exhibit a CAGR of 2.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Gas cutting machines use a focused flame from oxygen-fuel gas to cut through metals like steel, stainless steel and other alloys. They provide an efficient, accurate and affordable way to cut metal parts in various fabrication industries. Gas cutting machines offer advantages like portability, low capital cost and ability to cut intricate shapes with precision.
Market key trends:
Adoption of automated and CNC-controlled gas cutting machines is one of the key trends being witnessed in the market. Automated gas cutting machines use computer numeric controls to cut metal parts based on pre-programmed designs. This improves precision and accuracy of cuts as well as productivity by reducing human errors and wastage of materials. Automation also allows integration of gas cutting machines with other manufacturing equipment on production lines for sequential downstream processing. Manufacturers are focusing on development of automated gas cutting machines compatible with Industry 4.0 standards to gain efficiency and meet customized fabrication needs of customers.
Market key trends:
One of the key trends in the gas cutting machine market is the growing adoption of automated gas cutting machines. With increasing complexities and precision requirements in industrial manufacturing and fabrication processes, there is rising demand for automated gas cutting machines equipped with technologies like CAD/CAM, sensors, and computer numerical control (CNC). Automated gas cutting machines improve accuracy and repeatability of cuts, ensure consistent quality, and enable higher production volumes. They reduce labor costs and errors compared to manual gas cutting.
SWOT Analysis
Strengths: Automated gas cutting machines provide higher precision, accuracy and consistency in cuts. They improve productivity and reduce production costs.
Weaknesses: Higher initial investment compared to manual gas cutting machines. Require technical expertise to operate and maintain automated machines.
Opportunities: Growing complex manufacturing processes creates opportunities for more advanced automated gas cutting solutions. Rising industrial automation provides scope.
Threats: Threat from alternative metal cutting technologies like laser and waterjet cutting. Susceptibility to economic slowdowns affecting manufacturing sector.
Key Takeaways
The global Gas Cutting Machine market is expected to witness high growth, exhibiting CAGR of 2.9% over the forecast period, 2023 to 2030, due to increasing industrial automation.
The regional analysis indicates that Asia Pacific dominates the global gas cutting machine market currently, owing to large manufacturing industries and rapidly growing industrial automation in major economies like China and India.
The global gas cutting machine market size for 2023 is estimated to be US$750Mn.
Key players operating in the gas cutting machine market include Kaltenbach Group, ESAB, Koike Aronson, Hornet Cutting Systems, Messer Cutting Systems, Ador Welding, Haco, Harris Products Group, Shangai Welding & Cutting Tool Works, SteelTailor, and Voortman Steel Machinery.
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