Global Manual Cutting Equipment Market to Reach $2.1 Billion by 2030
The global market for Manual Cutting Equipment estimated at US$1.8 Billion in the year 2023, is expected to reach US$2.1 Billion by 2030, growing at a CAGR of 1.8% over the analysis period 2023-2030. Construction Application, one of the segments analyzed in the report, is expected to record a 2% CAGR and reach US$329.7 Million by the end of the analysis period. Growth in the Heavy Equipment Fabrication Application segment is estimated at 1.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $490.3 Million, While China is Forecast to Grow at 3.4% CAGR
The Manual Cutting Equipment market in the U.S. is estimated at US$490.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$417.2 Million by the year 2030 trailing a CAGR of 3.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 0.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$291 Million by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook