San
Francisco 15 April 2019 Metal Cutting Machine (MCM) Market Analysis, By Product (Laser, Waterjet, Plasma,
Flame), By Application (Automotive, Aerospace & Defense, Construction,
Marine, Electronics), And Segment Forecasts, 2018 - 2025
The global metal cutting machine market is expected to reach USD 9.79 billion by 2025,
according to a new report by Grand View Research, Inc. Increasing demand from
automotive industry has been a key factor driving market growth, globally. In
addition, robust growth in various application industries such as electronics,
defense, marine, construction and aerospace is also fueling the demand.
Automotive segment held the largest market
share in 2016 owing to a wide-scale usage of the product in wide range of
exterior and interior components of automotive such as passenger cars, SUV’s,
and HUV’s. The robust growth in automotive industry across the world is further
driving the segment growth. MCMs are witnessing an increasing demand, which is
anticipated to spur at a faster pace on account of the rising need for advanced
automatic machines to increase production efficiency and avoid operator’s hazardous
issues.
Laser machine accounted as the largest
product segment in 2016 and is anticipated to grow significantly over the
upcoming years. Laser machines are extensively used for industrial
manufacturing applications to produce high-quality surface finish objects. It
is widely used in the shipbuilding and aerospace manufacturing process.
In marine industry, these machines are
extensively used by the industry players for ship repair and fabrication of
equipment. It consists of patrol boats, aircraft carriers, tankers, luxury
liners, tugs, barges, large seagoing vessels for containers, and other cargo
ships. Cutting machines are used to cut parts for hatches, skin of the vessel,
block parts, stiffener plates, drains, the skeleton, and pipes.
Access Research Report of Metal Cutting
Machine Market @ http://www.grandviewresearch.com/industry-analysis/metal-cutting-machine-market
Further key findings from the report suggest:
· The global metal cutting machine demand was
USD 5.99 billion in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to
2025. Automotive emerged as the largest application segment in 2016 and is
expected to grow at a predicted CAGR of 6.5% between 2017 and 2025.
· Global demand for flame cutting machine was
USD 333.7 million in 2016 and is anticipated to witness staggered growth over
the next eight years. The U.S. market in defense & aerospace segment was
USD 511.1 million in 2016 and is projected to grow at rate of 4.2% from 2017 to
2025
· The market in Asia Pacific is projected to
experience substantial growth over the next eight years owing to robust growth
in various application industries, especially in the automotive and defense
& aerospace market. In terms of revenue, the APAC market is expected to
grow at a CAGR of 6.7% between 2017 and 2025
· Key players including Lincoln Electric
Holdings, Inc., TRUMPF GmbH + Co. KG, Nissan Tanaka Corporation, Bystronic
Laser AG, and Koike Aronson, Inc., dominated the global market.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
Grand View Research has
segmented the global metal cutting machine market on the basis of product,
application, and region:
Metal Cutting Machine Product Outlook
(Revenue, USD Million, 2014 - 2025)
·
Laser Cutting Machine
·
Waterjet Cutting Machine
·
Plasma Cutting Machine
·
Flame Cutting Machine
Metal Cutting Machine Application Outlook
(Revenue, USD Million, 2014 - 2025)
·
Automobile
·
Defense & Aerospace
·
Construction
·
Marine
·
Electrical & Electronics
·
Others
Metal Cutting Machine Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Metal
Cutting Machine Market@ https://www.grandviewresearch.com/press-release/global-metal-cutting-machine-mcm-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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