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Metal Cutting Machine Market Size, Share, Trends, Key Players, Growth and Forecast 2023-2028

IMARC Group’s report titled Metal Cutting Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global metal cutting machine mcm market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

Metal cutting machine (MCM) are power-driven devices employed to alter the workpiece by removing or cutting unwanted sections, thereby achieving the desired size and shape. Laser, waterjet, flame, and plasma are among the common product types. MCMs are utilized to cut numerous types of ferrous and non-ferrous metals, enabling the production of finished products with the desired geometric specifications. The utilization of MCM provides several advantages to the end products, including enhanced dimensional accuracy, the ability to achieve complex shapes, desired surface texture or finish, and precise sizing. Consequently, they find widespread applications across various sectors, such as automotive, construction, marine, aerospace, electronics, etc.

For an in-depth analysis, you can refer sample copy of the report:

Metal Cutting Machine Market Trends and Drivers:

The metal cutting machine (MCM) market is primarily driven by the expanding automotive industry, where MCMs are used for cutting various interior and exterior components, such as door panels and chassis, in passenger cars and SUVs. Additionally, the elevating product usage in defense and aerospace industries for manufacturing efficient and high-precision components and equipment, including composites, engine parts, ignitors, rotary blades, and turbines, is also positively influencing the market growth. Besides this, the introduction of advanced metal cutting machines with improved performance, higher throughput, more comprehensive cutting ranges, and faster cutting speeds is further bolstering the global market. Moreover, the escalating focus among key market players on incorporating automation into their manufacturing processes to enhance productivity and meet quality standards and the rising expenditure in research and development (R&D) activities are acting as significant growth-inducing factors. Apart from this, the growing employment of MCMs in the electronics and electrical industry for cutting springs, capacitors, motherboards, and circuit boards and the increasing incorporation of automation into their manufacturing processes to enhance productivity and meet quality standards are expected to bolster the metal cutting machine (MCM) market over the forecasted period.

Report Segmentation:

The report has segmented the market into the following categories:

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

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • 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

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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