Metal Cutting Machine (MCM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Metal Cutting Machine (MCM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

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 machines (MCM) refer to power-driven equipment used to change the workpiece to the required size and shape by cutting or removing unwanted sections. Laser, waterjet, flame, and plasma are some common product types. These machines are widely used in various applications to cut different ferrous and non-ferrous metals to produce a finished product of desired geometry. MCM offers numerous advantages to finished products, including closer dimensional accuracy, complex shaping, surface texture or finish, and required size. As a result, they find extensive applications across the automotive, construction, marine, aerospace, and electronics industries.

Metal Cutting Machine (MCM) Market Trends:
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. MCMs are widely used for power cutting a range of interior and exterior components, such as door panels and chassis used in passenger cars and SUVs. In line with this, the widespread product adoption for manufacturing efficient, high-precision, and effective defense and aerospace components and equipment, including composites, engine parts, ignitors, rotary blades, and turbines, is acting as another growth-inducing factor. Additionally, the increasing utilization of plasma cutting machines that utilize an electrical arc to ionize and heat the gas to form a plasma used to cut conductive metals like stainless steel, aluminum, titanium, and copper is favoring the market growth. Apart from this, the launch of advanced metal cutting machines that offer increased performance and throughput, thicker cutting ranges, and high cutting speeds are providing an impetus to the market growth. Moreover, key players are focusing on introducing automation into their manufacturing processes to increase productivity and meet quality standards, which, in turn, is facilitating the market growth. Other factors, including extensive research and development (R&D) activities and the widespread product utilization in the electronics and electrical industry to cut springs, capacitors, motherboards, and circuit boards, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global metal cutting machine (MCM) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, distribution channel and application.

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

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:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Key Questions Answered in This Report

1. What was the size of the global Metal Cutting Machine (MCM) market in 2022?
2. What is the expected growth rate of the global Metal Cutting Machine (MCM) market during 2023-2028?
3. What are the key factors driving the global Metal Cutting Machine (MCM) market?
4. What has been the impact of COVID-19 on the global Metal Cutting Machine (MCM) market?
5. What is the breakup of the global Metal Cutting Machine (MCM) market based on the product?
6. What are the key regions in the global Metal Cutting Machine (MCM) market?
7. Who are the key players/companies in the global Metal Cutting Machine (MCM) market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Metal Cutting Machine (MCM) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Laser Cutting Machine
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Waterjet Cutting Machine
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Plasma Cutting Machine
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Flame Cutting Machine
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Online
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Offline
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Automobile
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aerospace and Defense
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Construction
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Marine
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Electronics and Electrical
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amada Co. Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Boye Laser Applied Technology Co. Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Bystronic AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Coherent Inc. (II-VI Incorporated)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.5 Eurolaser GmbH
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Flow International Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Han’s Laser Technology Industry Group Co. Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Koike Aronson Inc. (Koike Sanso Kogyo Co. Ltd.)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Komatsu America Industries LLC
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Messer Cutting Systems Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Nissan Tanaka Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 TRUMPF Group
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Water Jet Sweden AB
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio

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