Market Overview:
The global CNC plasma cutters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for CNC plasma cutters in various applications such as construction, shipbuilding, machinery engineering,, metallurgy, and others. North America is expected to hold the largest share of the global CNC plasma cutters market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness highest growth during the forecast period owing to rising demand from countries such as China and India.
Product Definition:
CNC Plasma Cutters are computerized machines that use a plasma torch to cut through metal. They are important because they can quickly and accurately cut large pieces of metal.
Hand-Held:
Hand-held devices are used for cutting and marking operations in various manufacturing industries. The hand-held device is also known as the handheld or manual machine tool, which consists of a motor, a grip, and several other tools or fixtures mounted on it. It is mainly used by the person operating it rather than having any sophisticated computerized system to guide its movements. Handheld devices can be classified into two types: fixed mount and portable mount.
Mechanized:
The global mechanized segment is expected to witness significant growth over the forecast period. The major factor attributed to market growth includes increasing demand for automation in manufacturing processes. Moreover, rising awareness regarding benefits of automated systems such as reduction in error and increased efficiency is also anticipated to fuel the market demand over the next few years.
Increasing adoption of CNC plasma cutters across various end-use industries such as automotive, aerospace & defense, marine, woodworking.
Application Insights:
The construction application segment accounted for the largest share of over 30.0% in 2017. The global demand for CNC plasma cutters has been witnessing a significant rise due to its ability to reduce metal cutting costs and time savings as compared to other conventional cutting technologies such as laser or water jet, especially in the construction industry where it is used for various applications including wall paneling, doorframes & windowsills, kitchen worktops and bathroom fittings & fixtures among others.
The shipbuilding industry also plays an important role in driving the demand globally owing to rising maritime trade across the globe which requires large quantities of steel and other related materials that are cut using CNC plasma technology machines.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for metal cutting machines from various end-use industries, such as aerospace & defense, automotive, marine, and construction. In addition, rising investments by governments in developing countries are anticipated to boost industry growth over the coming years.
The growing shipbuilding industry in Asia Pacific is projected to fuel CNC plasma cutters' demand over the forecast period. According to IHS Markit Maritime & Trade data as of 2018 there were 1,335 shipbuilders with an annual capacity of about 590 thousand vessels (excluding fishing boats). This number is estimated to reach 1 million by 2023 with an average vessel size of about 100 meters length and 4 meters breadth (i.e., above).
Europe accounted for a significant share owing t o high product adoption across several major economies including Germany.
Growth Factors:
- Increasing demand for CNC plasma cutters from the automotive and aerospace industries due to the rising need for precision and accuracy in manufacturing parts.
- Growing popularity of CNC plasma cutters among small businesses and DIY enthusiasts as they offer a high degree of flexibility, precision, and affordability.
- Rising demand for customized CNC plasma cutter solutions that can be tailored to specific needs and requirements.
- Technological advancements in CNC plasma cutter technology that are resulting in better performance, efficiency, and accuracy levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
CNC Plasma Cutters Market Research Report
By Type
Hand-Held, Mechanized
By Application
Construction, Shipbuilding, Machinery Engineering,, Metallurgy, Others
By Companies
Hornet Cutting Systems, Esprit Automation, Dynatorch, Lincoln Electric (Torchmate), Arclight Dynamics, AJAN, Vernon Tool, KAAST, FastCut CNC Inc., ArcBro, Loyalmak Makina, Ronchini Massimo, Promotech, Akyapak Makina, MicroStep
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global CNC Plasma Cutters Market Report Segments:
The global CNC Plasma Cutters market is segmented on the basis of:
Types
Hand-Held, Mechanized
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Shipbuilding, Machinery Engineering,, Metallurgy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hornet Cutting Systems
- Esprit Automation
- Dynatorch
- Lincoln Electric (Torchmate)
- Arclight Dynamics
- AJAN
- Vernon Tool
- KAAST
- FastCut CNC Inc.
- ArcBro
- Loyalmak Makina
- Ronchini Massimo
- Promotech
- Akyapak Makina
- MicroStep
Highlights of The CNC Plasma Cutters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hand-Held
- Mechanized
- By Application:
- Construction
- Shipbuilding
- Machinery Engineering,
- Metallurgy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CNC Plasma Cutters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A CNC plasma cutter is a cutting tool that uses an electric arc to cut through materials. The electric arc melts the material and then the cutter moves along the surface of the melted material, creating a clean cut.
Some of the key players operating in the cnc plasma cutters market are Hornet Cutting Systems, Esprit Automation, Dynatorch, Lincoln Electric (Torchmate), Arclight Dynamics, AJAN, Vernon Tool, KAAST, FastCut CNC Inc., ArcBro, Loyalmak Makina, Ronchini Massimo, Promotech, Akyapak Makina, MicroStep.
The cnc plasma cutters market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CNC Plasma Cutters Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 CNC Plasma Cutters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CNC Plasma Cutters Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the CNC Plasma Cutters Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global CNC Plasma Cutters Market Size & Forecast, 2020-2028
4.5.1 CNC Plasma Cutters Market Size and Y-o-Y Growth
4.5.2 CNC Plasma Cutters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hand-Held
5.2.2 Mechanized
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Shipbuilding
6.2.3 Machinery Engineering
6.2.4
6.2.5 Metallurgy
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CNC Plasma Cutters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 CNC Plasma Cutters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hand-Held
9.6.2 Mechanized
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Shipbuilding
9.10.3 Machinery Engineering
9.10.4
9.10.5 Metallurgy
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hand-Held
10.6.2 Mechanized
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Shipbuilding
10.10.3 Machinery Engineering
10.10.4
10.10.5 Metallurgy
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hand-Held
11.6.2 Mechanized
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Shipbuilding
11.10.3 Machinery Engineering
11.10.4
11.10.5 Metallurgy
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hand-Held
12.6.2 Mechanized
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Shipbuilding
12.10.3 Machinery Engineering
12.10.4
12.10.5 Metallurgy
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hand-Held
13.6.2 Mechanized
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Shipbuilding
13.10.3 Machinery Engineering
13.10.4
13.10.5 Metallurgy
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 CNC Plasma Cutters Market: Competitive Dashboard
14.2 Global CNC Plasma Cutters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hornet Cutting Systems
14.3.2 Esprit Automation
14.3.3 Dynatorch
14.3.4 Lincoln Electric (Torchmate)
14.3.5 Arclight Dynamics
14.3.6 AJAN
14.3.7 Vernon Tool
14.3.8 KAAST
14.3.9 FastCut CNC Inc.
14.3.10 ArcBro
14.3.11 Loyalmak Makina
14.3.12 Ronchini Massimo
14.3.13 Promotech
14.3.14 Akyapak Makina
14.3.15 MicroStep
