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.
U.S. metal cutting machine market, by application, 2014 -
2025 (USD Million)
Browse full research report on Metal Cutting Machine (MCM) 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.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-metal-cutting-machine-mcm-market
About Grand View Research,
Inc:
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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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