Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Cutting Equipment, Accessories and consumables Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Cutting
Equipment, Accessories and consumables Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Cutting
Equipment, Accessories and consumables Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Cutting
Equipment, Accessories and consumables Market is offered. In accordance with the report, the global
Cutting Equipment, Accessories and consumables Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
With
reference to machinery, the cutting equipment, accessories and consumables are
tools and techniques that are used for dislocating any portion of the workpiece
by the method of shear deformation. These goods have diverse application in the
industrial, manufacturing and construction activities. A variety of
single-point and multi-point tools are a part of cutting equipment, accessories
and consumables.
Market Drivers
Soaring
population and the rapid urbanization is providing the initial impetus to the
cutting equipment, accessories, and consumables market. Urbanization and
growing population simply lead to an increment in the construction activities.
Construction activities are indispensable without the application of cutting
equipment, accessories and consumables which is driving this market.
Industrialization
at a lighting pace and the growth of manufacturing sector in course of time is fueling
the growth of this market. The vitality of a sound industrial and manufacturing
base in the economic development of various economies coupled with the
significant importance of cutting equipment, accessories and consumable
products in the manufacturing and industrial processes is bolstering the growth
of this market.
The
robust increment in the disposable income of the population especially of the developing
economies and their rising demand for automobiles is augmenting the growth of
this market.
The
advancement of technology and its application on the production and use of
advanced cutting tools, equipment and consumable is powering the growth of
market. Moreover, continuous research and development to enhance product
quality and performance is boosting the growth of the cutting equipment,
accessories and consumables.
Market Restraints
The
premium price of the cutting equipment, accessories and consumable products are
posing a threat to this market.
The
installation of these equipment’s involves high charges and complexity in setting
up which is straining the market growth.
The
adoption of advanced cutting equipment, accessories and consumables that are
highly technical have not gained popularity especially in the underdeveloped
and developing nations that is threatening the growth of this market.
The
disposal of cutting equipment and the accessories and consumables after it has
been fully utilized has led to certain environmental concern. Stringent
government regulations in the direction of ecological conservation are
hampering the growth of this market.
The
consumers of this market are highly sensitive to price changes which is taking
a toll on the cutting equipment, accessories and consumable market.
Opportunities
At
present the shipbuilding, aerospace and defense sector is witnessing slow
growth. But with the growth of global trade across countries, shipbuilding is
expected to surge up. Further, scientific research and development and the
regular space voyages of different countries across the globe in search of
better living spaces outside of Earth is expected to provide ample
opportunities for this market to grow.
The
constantly rising population and its consequent effect for the expansion of
construction, industrial and manufacturing sector is likely to provide
lucrative opportunities to the cutting equipment, accessories and consumable
goods.
Trends
In
terms of revenue share, North America and Europe are expected to dominate the
cutting equipment, accessories and consumables market in the forecast period.
This can be traced back to the fact of soaring demand from the manufacturing
and industrial sector and scarcity of skilled labor. North America is expected
to dominate while Europe is expected follow North America and show significant
progress. Asia Pacific is the fastest growing region in this market on account
of the largest growing population, rising construction activities, growth of
the manufacturing sector, rapid industrialization and the flourishing
end-user’s business. By technology, the Plasma cutting technology is expected
to project significant growth globally.
Segment Covered:
This market
intelligence report on the global Cutting Equipment, Accessories and
consumables Market encompasses
market segments based on product type, technology, Application and country.
By Product Type the global Cutting Equipment, Accessories
and consumables Market has been divided into:
q Cutting
Equipment
o Mechanized
Cutting Equipment
o Manual
Cutting Equipment
q Accessories
o Gas
Regulators
o Gas
Flow Meters
o Gas
Filters
o Check
Valves
o Gas
Manifolds
o Others
q Consumables
o Oxy-Fuel
Gases
o Shielding
Gases
By Technology the global Cutting Equipment, Accessories
and consumables Market has been divided into:
q Laser
q Plasma
q Waterjet
q Flame
q Others
By Application the global Cutting Equipment, Accessories
and consumables Market has been divided into:
q Shipbuilding
and Offshore
q General
Metal Fabrication
q Automotive
q Heavy
Equipment Fabrication
q Construction
q Others
By country/region, the global Cutting Equipment, Accessories
and consumables Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Jet
Edge International
q Meritage
Inc
q Hornet
Cutting Systems
q Ador
Welding Ltd
q Flow
International Corporation
q Wardjet
Inc
q Colfax
Corporation
q Dardi
International Corporation
q Koike
Aronson
q Epilog
Laser Inc
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Cutting Equipment, Accessories and consumables Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Meritage Inc
In November
2020, Meritage and Kennametal Inc entered into a strategic partnership.
Meritage Inc is the biggest distributional company of machine tools and
Kennametal Inc is globally dominant supplier of tooling solutions.
Jet Edge International
In January 2020,
JetSelect Aviation, an aircraft management company was acquired by Jet Edge
International.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Cutting
Equipment, Accessories and consumables Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019
as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Cutting Equipment, Accessories and
consumables Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Cutting Equipment, Accessories and consumables caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Cutting
Equipment, Accessories and consumables Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Cutting Equipment, Accessories and
consumables Market
v
Identification
of key factors driving investment opportunities in the Cutting
Equipment, Accessories and consumables Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position yourself
to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants