Industries > Construction > Plasma Cutting Machine Market Report 2019-2029
Plasma Cutting Machine Market Report 2019-2029
A Global Plasma Cutting Machine Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The global plasma cutting machine market was valued at $1.2 billion in 2018. Plasma cutting machines are used by several fabricators for substituting saws, cutting torches, snips, oxyfuel rigs and cut-off wheels. Increasing demand for plasma cutting machine is attributed towards extensive acceptance in various industry domains such as installing ventilation, refrigeration, plumbing systems, installing heating, abolishing old wash system of industries developing new ones, air conditioning to constantly cutting shapes. Therefore, these factors are fuelling the growth of the global plasma cutting machine market.
Moreover, the innovation of CNC technology laid emphasis upon introduction of plasma cutting machine thereby giving these machines greater level of flexibility on a customized manner. Extensive acceptance of plasma cutting machine is attributed towards various advantages offered by this machine in industrial domain such as high quality, high speed and accurate cutting. Besides, this machine reduces the total cutting time of plasma by enhancing the speed of driving device, inducing low center of gravity and lightweight design thereby contributing towards the significant growth of global plasma cutting machine market.
The growing automobile industry is the key factor driving the growth of the global plasma cutting machine market. Ever increasing population of citizens in developing countries, increasing disposable income and extensive demand for automobiles across the globe is thus stimulating the manufacturers to design custom car manufacturing that involves large amount of welding and cutting of metals and plasma cutter is considered to be a vital tool for custom build.
Furthermore, plasma cutters provides flexibility in operations to automobile manufacturers to cut various types of metals such as stainless steel, copper, aluminium, brass, bronze, Inconel and titanium. Additionally, the process of plasma cutters are considers to easier and faster than several other cutting methods that helps in availing well-defined cuts with less heat affected areas that do not causes the paint to be corroded. Furthermore, due to ease of handling and portability feature thus makes this machine popular globally thereby propelling the growth of plasma cutting machine market considerably.
Plasma cutting machine market forecast 2019 – 2029 estimates the historical market size in terms of volume as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the plasma cutting machine manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Heavy equipment, automotive and transportation, construction, shipbuilding and off shore, and other industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on product and application segment. On the basis of product, the global plasma cutting machine market is categorized into mechanized and manual. Among the two products, the mechanized equipment category holds the larger share in the global market in 2018. Mechanised plasma cutting machine are extensively being utilised in various industries for cutting electrically conductive materials. Additionally, these equipments are quality enabled and enable fabrication of quality grade components efficiently.
Based on application, the global plasma cutting machine market is segmented into heavy equipment, automotive and transportation, construction, shipbuilding and off shore, and others. Of all, the heavy equipment industry is anticipated to generate largest revenue throughout the estimated period owing to extensive utilization of plasma cutting machines in shipbuilding, cutting, oxyfuel welding, heating and brazing in this domain.
The plasma cutting machine market in Asia-Pacific is anticipated to generate largest revenue throughout the estimated period owing to increasing automation and rampant growth in automobile domain in the region. The requirement for automation in countries such as China has rapidly increased owing to increasing demand for quantity and quality amalgamated with extensive enhancement in globalisation and population.
Moreover, plasma cutting machine market in North America is estimated to become second largest player in terms of revenue since the region is observing rampant fabrication activities undertaken in heavy material domain and automobile and construction domain. Besides, the region is adopting plasma cutters since it offers benefits to the manufacturers such as faster work, well fit and efficient quality. Furthermore, increasing conglomeration of biochemistry with plasma cutting is propelling the growth of plasma cutting machine market in this region.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global plasma cutting machine market are introducing new technologies that will encompass proficiencies in accumulating plasma materials observing. Moreover, this market is a fragmented market structure and is witnessing strict regulatory framework and research & developmental activities at rapid pace globally. Some of the players having prominent presence in the global plasma cutting machine market include Ador Elding Ltd., Illinois Tool Works Inc., Matheson tri-gas Inc., Barton International Inc., Fronius international GMBH, Colfax Corporation, Lincoln Electric Company, GCE holding AB, Flow International Corporation, The Linde Group, ESAB, Hypertherm, Komatsu Ltd., Messer Cutting Systems, and NISSAN TANAKA.
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