Plasma Cutting Machine Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Plasma Cutting Machine Market
The Plasma Cutting Machine market size was valued at USD 631 million in 2023, and the market is now projected to grow from USD 646 million in 2024 to USD 841 million by 2032, exhibiting a CAGR of 3.8% during the forecast period of 2024-2032.
The impositions led by the government bodies, the foot restrictions, and the security measures to control the spread of the infection, negatively influenced the operations and the plasma cutting machine market growth. In expansion, adherence to well-being and security rules are driven by changes in generation forms and expanded operational costs. Financial vulnerabilities and lockdown measures in different locales have driven a decay in requests for mechanical items and administrations, counting plasma-cutting administrations. Numerous businesses experienced slowdowns or transitory shutdowns, affecting the requirement for the metal manufacture and cutting.
The integration of Computer Numerical Control (CNC) innovation with plasma cutting machines permits for mechanized and exact control of the cutting prepare. CNC frameworks empower the machines to take after modified enlightening, coming about in precise and repeatable cuts. A few of these machines offer multi-process capabilities, permitting them to perform different capacities past cutting. This may incorporate assignments such as plasma gouging, stamping, and indeed welding, giving flexibility in manufacture forms.
Computerized plasma cutting frameworks can reliably execute exact cuts, guaranteeing high-quality and precise results. This level of exactness is challenging to attain reliably with manual cutting strategies. Computerization permits for persistent and continuous operation, driving to higher efficiency. In expansion, mechanized frameworks can work around the clock, decreasing downtime and expanding in general proficiency. Additionally, automation enables these cutting machines to function at higher speeds than manual strategies.
Comprehensive Analysis of Plasma Cutting Machine Market
The foundation of market for plasma cutting machine in terms of product type is fractioned into two, the CNC/automated and handheld/manual. In comparison with both types the CNC/automated showed a most wide utilization and promising results. On the bifurcation of application segmentation, the market is analyzed and fragmented into scrapping operations, construction, salvage, automotive and industrial manufacturing.
Comparing between all the regions, the Asia Pacific plasma cutting machine market share is expected to play a domineer with an estimated valuation of USD 243.6 million is the projected era. The automotive industry within the Asia Pacific is extending, driven by both residential utilization and trades.
With a list of influential market players such as Dener Maina (Turkey), ESAB Corporation (U.S.), Lincoln Electric (U.S.), Plazmamax (Israel), Stürmer Maschinen GmbH (Germany), MicroStep Europa (Germany), Voortman Steel Machinery (The Netherlands), DAIHEN Corporation (Japan), Miller Electric Mfg. LLC (U.S.), the market is divided with the nearness of various worldwide key showcase players and the rise of territorial or residential advertise players over the globe. Most of the producers are attempting to create a comprehensive extend of cutting arrangements. Additionally, worldwide producers are too sharp on centering on worldwide reach and presenting a wide assortment of cutting items.
In between the month of September 2023, the ESAB declared the dispatch of Cutmaster, which could be a 50+ add up to plasma cutting bundle. The item dispatch has made a difference to create a wide run of item portfolios for the advertise.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 3.8% from 2023 to 2030
Unit Value (USD Million)
Segmentation By Product Type
Manual/Handheld
CNC/Automated
By Application
Industrial Manufacturing
Automotive
Construction
Salvage and Scrapping Operations
Others
By Region
North America (By Product Type, By Application and By Country)
U.S. (By Product Type)
Canada (By Product Type)
Europe (By Product Type, By Application and By Country)
United Kingdom (By Product Type)
Germany (By Product Type)
France (By Product Type)
Italy (By Product Type)
Russia (By Product Type)
BENELUX (By Product Type)
Nordics (By Product Type)
Rest of Europe
Asia Pacific (By Product Type, By Application and By Country)
China (By Product Type)
India (By Product Type)
Japan (By Product Type)
South Korea (By Product Type)
ASEAN Countries (By Product Type)
Rest of the Asia Pacific
Middle East & Africa (By Product Type, By Application and By Country)
GCC Countries (By Product Type)
South Africa (By Product Type)
Rest of the Middle East & Africa
Latin America (By Product Type, By Application and By Country)
Mexico (By Product Type)
Brazil (By Product Type)
Rest of Latin America
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Forces Analysis
- 4.4. Global Plasma Cutting Machine Key Players Market Share/Ranking, 2022
- 5. Global Plasma Cutting Machine Market Size Estimates and Forecasts, By Segments, 2017-2030
- 5.1. Key Findings
- 5.2. By Product Type (USD)
- 5.2.1. Manual/Handheld
- 5.2.2. CNC/Automated
- 5.3. By Application
- 5.3.1. Industrial Manufacturing
- 5.3.2. Automotive
- 5.3.3. Construction
- 5.3.4. Salvage and Scrapping Operations
- 5.3.5. Others
- 5.4. By Region (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Middle East & Africa
- 5.4.5. Latin America
- 6. North America Plasma Cutting Machine Market Size Estimates and Forecasts, By Segments, 2017-2030
- 6.1. Key Findings
- 6.2. By Product Type (USD)
- 6.2.1. Manual/Handheld
- 6.2.2. CNC/Automated
- 6.3. By Application
- 6.3.1. Industrial Manufacturing
- 6.3.2. Automotive
- 6.3.3. Construction
- 6.3.4. Salvage and Scrapping Operations
- 6.3.5. Others
- 6.4. By Country (USD)
- 6.4.1. United States
- 6.4.1.1. By Product Type
- 6.4.1.1.1. Manual/Handheld
- 6.4.1.1.2. CNC/Automated
- 6.4.2. Canada
- 6.4.2.1. By Product Type
- 6.4.2.1.1. Manual/Handheld
- 6.4.2.1.2. CNC/Automated
- 7. Europe Plasma Cutting Machine Market Size Estimates and Forecasts, By Segments, 2017-2030
- 7.1. Key Findings
- 7.2. By Product Type (USD)
- 7.2.1. Manual/Handheld
- 7.2.2. CNC/Automated
- 7.3. By Application
- 7.3.1. Industrial Manufacturing
- 7.3.2. Automotive
- 7.3.3. Construction
- 7.3.4. Salvage and Scrapping Operations
- 7.3.5. Others
- 7.4. By Country (USD)
- 7.4.1. United Kingdom
- 7.4.1.1. By Product Type
- 7.4.1.1.1. Manual/Handheld
- 7.4.1.1.2. CNC/Automated
- 7.4.2. Germany
- 7.4.2.1. By Product Type
- 7.4.2.1.1. Manual/Handheld
- 7.4.2.1.2. CNC/Automated
- 7.4.3. France
- 7.4.3.1. By Product Type
- 7.4.3.1.1. Manual/Handheld
- 7.4.3.1.2. CNC/Automated
- 7.4.4. Italy
- 7.4.4.1. By Product Type
- 7.4.4.1.1. Manual/Handheld
- 7.4.4.1.2. CNC/Automated
- 7.4.5. Russia
- 7.4.5.1. By Product Type
- 7.4.5.1.1. Manual/Handheld
- 7.4.5.1.2. CNC/Automated
- 7.4.6. BENELUX
- 7.4.6.1. By Product Type
- 7.4.6.1.1. Manual/Handheld
- 7.4.6.1.2. CNC/Automated
- 7.4.7. Nordics
- 7.4.7.1. By Product Type
- 7.4.7.1.1. Manual/Handheld
- 7.4.7.1.2. CNC/Automated
- 7.4.8. Rest of Europe
- 8. Asia Pacific Plasma Cutting Machine Market Size Estimates and Forecasts, By Segments, 2017-2030
- 8.1. Key Findings
- 8.2. By Product Type (USD)
- 8.2.1. Manual/Handheld
- 8.2.2. CNC/Automated
- 8.3. By Application
- 8.3.1. Industrial Manufacturing
- 8.3.2. Automotive
- 8.3.3. Construction
- 8.3.4. Salvage and Scrapping Operations
- 8.3.5. Others
- 8.4. By Country (USD)
- 8.4.1. China
- 8.4.1.1. By Product Type
- 8.4.1.1.1. Manual/Handheld
- 8.4.1.1.2. CNC/Automated
- 8.4.2. India
- 8.4.2.1. By Product Type
- 8.4.2.1.1. Manual/Handheld
- 8.4.2.1.2. CNC/Automated
- 8.4.3. Japan
- 8.4.3.1. By Product Type
- 8.4.3.1.1. Manual/Handheld
- 8.4.3.1.2. CNC/Automated
- 8.4.4. South Korea
- 8.4.4.1. By Product Type
- 8.4.4.1.1. Manual/Handheld
- 8.4.4.1.2. CNC/Automated
- 8.4.5. ASEAN
- 8.4.5.1. By Product Type
- 8.4.5.1.1. Manual/Handheld
- 8.4.5.1.2. CNC/Automated
- 8.4.6. Rest of Asia Pacific
- 9. Middle East & Africa Plasma Cutting Machine Market Size Estimates and Forecasts, By Segments, 2017-2030
- 9.1. Key Findings
- 9.2. By Product Type (USD)
- 9.2.1. Manual/Handheld
- 9.2.2. CNC/Automated
- 9.3. By Application
- 9.3.1. Industrial Manufacturing
- 9.3.2. Automotive
- 9.3.3. Construction
- 9.3.4. Salvage and Scrapping Operations
- 9.3.5. Others
- 9.4. By Country (USD)
- 9.4.1. GCC Countries
- 9.4.1.1. By Product Type
- 9.4.1.1.1. Manual/Handheld
- 9.4.1.1.2. CNC/Automated
- 9.4.2. South Africa
- 9.4.2.1. By Product Type
- 9.4.2.1.1. Manual/Handheld
- 9.4.2.1.2. CNC/Automated
- 9.4.3. Rest of MEA
- 10. Latin America Plasma Cutting Machine Market Size Estimates and Forecasts, By Segments, 2017-2030
- 10.1. Key Findings
- 10.2. By Product Type (USD)
- 10.2.1. Manual/Handheld
- 10.2.2. CNC/Automated
- 10.3. By Application
- 10.3.1. Industrial Manufacturing
- 10.3.2. Automotive
- 10.3.3. Construction
- 10.3.4. Salvage and Scrapping Operations
- 10.3.5. Others
- 10.4. By Country (USD)
- 10.4.1. Mexico
- 10.4.1.1. By Product Type
- 10.4.1.1.1. Manual/Handheld
- 10.4.1.1.2. CNC/Automated
- 10.4.2. Brazil
- 10.4.2.1. By Product Type
- 10.4.2.1.1. Manual/Handheld
- 10.4.2.1.2. CNC/Automated
- 10.4.3. Rest of Latin America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Stürmer Maschinen GmbH
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. DAIHEN Corporation
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. ESAB Corporation
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Miller Electric Mfg. LLC
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. KERF DEVELOPMENTS LIMITED
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Lincoln Electric
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. MicroStep Europa
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Plazmamax
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Dener Makina
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Voortman Steel Machinery
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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