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Cutting Equipment, Accessories, and Consumables Market worth 8.27 Billion USD by 2021

MarketsandMarkets projects that the market for cutting equipment, accessories, and consumables will grow from 6.67 USD Billion in 2016 to 8.27 USD Billion by 2021, at a CAGR of 4.40%. This market is growing due to increasing infrastructure and construction activities, manufacturing of automobiles, public expenditure from governments and production of crude steel. Rising per capita income of the middle class has increased the purchasing power of the consumers, which has resulted in an increase in the number of new constructions and manufacturing, which resulted in higher usage of cutting equipment, accessories, and consumables.<br><br>The cutting equipment, accessories, and consumables market has been segmented on the basis of by technology, equipment, accessories and consumables, end-use industry and region. On the basis of technology, plasma cutting was the most widely used technology for cutting equipment, accessories, and consumables; it is a low-cost technology and is readily available, owing to which, it accounted for the largest market share in 2015.

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Cutting Equipment, Accessories, and Consumables Market worth 8.27 Billion USD by 2021

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  1. Cutting Equipment, Accessories, and Consumables Market worth 8.27 Billion USD by 2021 The report "Cutting Equipment, Accessories & Consumables Market by Equipment (Manual, Mechanized), Accessories (Gas regulators, Gas filters,), Consumables (Shielding, Oxy-fuel Gases), Technology (Plasma, Oxy-fuel, Laser), End-Use - Global Forecast to 2021", The cutting equipment, accessories, and consumables market size is estimated to grow from USD 6.67 Billion in 2016 to USD 8.27 Billion by 2021, at a CAGR of 4.40%. Factors such as increase in demand in Asia-Pacific and grow in demand from the end-use industries such as residential, commercial, institutional, infrastructure, industrial, and marine are some of the drivers for the growth of the cutting equipment, accessories, and consumables market. Consumables such as shielding gases and oxy-fuel gases to gain maximum traction during the forecast period The shielding segment dominated the market in 2015 and is projected to be the fastest-growing segment in the next five years, as a result of the rising demand for argon gas by the industries to meet the demand. Furthermore, the oxy-fuel segment is projected to be the second fastest-growing industry. Download Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=257722973 Plasma cutting as a technology to witness the highest growth in the cutting equipment, accessories, and consumables market The report defines and segments the cutting equipment, accessories, and consumables market on the basis of technology offered into carbon arc cutting, plasma cutting, oxy-fuel cutting, laser cutting and water jet cutting. The plasma cutting technology is projected to grow at the fastest CAGR due to the growing demand from emerging countries such as China and India, which are ranked first and second respectively, in the cutting equipment, accessories, and consumables market. The second fastest growing sector is that of laser cutting. “Asia-Pacific region to be the largest market for cutting equipment, accessories, and consumables during the forecast period.” The Asia-Pacific region leads the market due to its large population and its growing demands for better residential, commercial, institutional, and infrastructure spaces. As cutting equipment, accessories, and consumables have a widespread application in all these end-use industries, the Asia-Pacific region, which is witnessing major growth in these sectors as well, has become a large market for the cutting equipment, accessories, and consumables market. This is followed by North America, which is the next largest market for cutting equipment, accessories, and consumables. Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=257722973 The ecosystem of the global cutting equipment, accessories, and consumables market comprises of distributors/suppliers such as Colfax Corporation. (U.S.), Lincoln Electric Company. (U.S.), Illinois Tool

  2. Works Inc. (U.S), Air Liquide (France), and the Linde group (Germany). Other players in this market include GCE holding AB (Sweden), Fronius international GMBH (Austria), Messer group (Germany), Matheson tri-gas Inc. (US), Bug-O (US), Gentec (Shanghai), and Muller (Germany) which help the manufacturers in the development and growth of cutting equipment, accessories, and consumables and markets. Target Audience Raw material suppliers and producers Regulatory bodies Cutting equipment, accessories, and consumables distributors/suppliers End-users. (Oil and gas industry, automobile industry, construction, F&B).     Sample Request: http://www.marketsandmarkets.com/requestsample.asp?id=257722973 Scope of the Report The research report for the cutting equipment, accessories, and consumables market has been segmented into the following sub-markets: By Technology: Carbon arc cutting Plasma cutting Oxy-fuel cutting Laser cutting Water jet cutting      By Equipment: By manual cutting equipment oOxy-fuel cutting equipment oPlasma cutting equipment oGouging equipment oPortable cutting equipment oAir/fuel torches & equipment By Mechanized cutting equipment oOxy-fuel equipment oPlasma cutting equipment oCutting tables oCutting machines   By Accessories, & Consumables By Accessories, oGas regulators oGas flow meters oGas filters oCheck valves 

  3. oGas manifolds oFlow controllers oGas panels oGas cabinets By consumables oShielding Gases oOxy-fuel gases  By Region: North America Europe Asia-Pacific RoW (Argentina, Brazil, South Africa, and Others in RoW)     About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Email: sales@marketsandmarkets.com

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