Market Overview:
The global cutting torches 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 cutting torches in various applications such as equipment manufacturing, shipping industry, automobile industry, and other applications. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to the growing industrialization and urbanization in countries such as China and India.
Product Definition:
A cutting torch is an industrial tool that uses a flame to cut through metal. It consists of a torch head, which contains the gas and oxygen supply, and a handpiece, which the user holds. The handpiece has a trigger that ignites the gas and oxygen mixture, creating a flame. The user then directs the flame at the metal to be cut, melting it and allowing it to be scraped away.
Gas Torch:
A gas torch is an appliance used for heating metal or other solid material in a high temperature environment. It works on the basis of combustion, wherein the fuel is supplied to a chamber containing oxygen which causes an oxidation reaction. The major advantage of using this equipment over conventional cutting tools and techniques is that it provides precise heat control and eliminates hot spots that could cause burns.
Plasma Torch:
A plasma torch is an electrical device which generates extremely high temperatures using a gas such as oxygen or nitrogen as a fuel. The cutting torches are used to cut and shape metal products in various industries including automotive, construction, shipbuilding and heavy machinery.
The plasma torch operates at much higher temperatures compared to the oxy-fuel based cuttingtorch which gives it an edge over its counterparts.
Application Insights:
Equipment manufacturing was the leading application segment in 2017 and is expected to continue its dominance over the forecast period. The equipment manufacturing industry mainly comprises of metal cutting applications such as heavy machinery, construction equipment, mining equipment and others. Equipment manufacturers are increasingly using gas-torches for material removal due to their high efficiency at a low cost.
The shipping industry is also anticipated to be one of the fastest growing segments owing to increasing demand for advanced logistics solutions coupled with rising safety concerns regarding vessel operations at sea. Rising adoption of technology in various industries has led to an increased focus on digitization particularly across emerging economies such as India, China and Brazil which are now considered ideal locations for offshore facilities owing to lower labor costs than developed countries like U.S.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% from 2018 to 2030 owing to increasing demand for metal cutting and woodworking tools in countries such as China, India, Japan and South Korea. The growing automotive industry in the region is also anticipated to drive product demand over the forecast period. Increasing government spending on infrastructure development activities in countries such as India and China are likely to have a positive impact on market growth over the coming years.
The Middle East & Africa was one of the largest regional markets for global cutting torches with Saudi Arabia being its major contributor followed by UAE due its large oil reserves which has resulted into high investments from various companies including Total SA for exploration activities resulting into increased product sales across this region during 2017-2018 fiscal year.
Growth Factors:
- Increasing demand for Cutting Torches from the automotive and aerospace industries due to the growing need for precision machining.
- Rising demand for Cutting Torches in construction and manufacturing sectors due to the increasing infrastructure development activities worldwide.
- Growing popularity of handheld Cutting Torches among DIY enthusiasts and hobbyists owing to their ease of use and portability.
- Technological advancements in Cutting Torch design and functionality that offer better performance, safety, and efficiency.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cutting Torches Market Research Report
By Type
Gas Torch, Plasma Torch, Other
By Application
Equipment Manufacturing, Shipping Industry, Automobile Industry, Other
By Companies
Pellegrini, AngelBlade, ARCBRO LTD, BINZEL, Koike, Lincoln Electric, Hypertherm, MESSER CUTTING SYSTEMS, Migatronic, Miller Electric, Pellegrini, BUG-O SYSTEMS, CEBORA, CLOOS, ESAB, EWM AG, Hobart
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Cutting Torches Market Report Segments:
The global Cutting Torches market is segmented on the basis of:
Types
Gas Torch, Plasma Torch, Other
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
Equipment Manufacturing, Shipping Industry, Automobile Industry, Other
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:
- Pellegrini
- AngelBlade
- ARCBRO LTD
- BINZEL
- Koike
- Lincoln Electric
- Hypertherm
- MESSER CUTTING SYSTEMS
- Migatronic
- Miller Electric
- Pellegrini
- BUG-O SYSTEMS
- CEBORA
- CLOOS
- ESAB
- EWM AG
- Hobart
Highlights of The Cutting Torches 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:
- Gas Torch
- Plasma Torch
- Other
- By Application:
- Equipment Manufacturing
- Shipping Industry
- Automobile Industry
- Other
- 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 Cutting Torches 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?
Cutting torches are tools used to cut metal. They consist of a handle, a head with an adjustable flame, and a cutting edge. The user sets the flame on the head of the torch and guides it along the desired line by moving the handle.
Some of the major companies in the cutting torches market are Pellegrini, AngelBlade, ARCBRO LTD, BINZEL, Koike, Lincoln Electric, Hypertherm, MESSER CUTTING SYSTEMS, Migatronic, Miller Electric, Pellegrini, BUG-O SYSTEMS, CEBORA, CLOOS, ESAB, EWM AG, Hobart.
The cutting torches 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 Cutting Torches 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 Cutting Torches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cutting Torches 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 Cutting Torches 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 Cutting Torches Market Size & Forecast, 2020-2028
4.5.1 Cutting Torches Market Size and Y-o-Y Growth
4.5.2 Cutting Torches 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 Gas Torch
5.2.2 Plasma Torch
5.2.3 Other
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 Equipment Manufacturing
6.2.2 Shipping Industry
6.2.3 Automobile Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cutting Torches 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 Cutting Torches 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 Gas Torch
9.6.2 Plasma Torch
9.6.3 Other
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 Equipment Manufacturing
9.10.2 Shipping Industry
9.10.3 Automobile Industry
9.10.4 Other
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 Gas Torch
10.6.2 Plasma Torch
10.6.3 Other
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 Equipment Manufacturing
10.10.2 Shipping Industry
10.10.3 Automobile Industry
10.10.4 Other
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 Gas Torch
11.6.2 Plasma Torch
11.6.3 Other
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 Equipment Manufacturing
11.10.2 Shipping Industry
11.10.3 Automobile Industry
11.10.4 Other
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 Gas Torch
12.6.2 Plasma Torch
12.6.3 Other
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 Equipment Manufacturing
12.10.2 Shipping Industry
12.10.3 Automobile Industry
12.10.4 Other
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 Gas Torch
13.6.2 Plasma Torch
13.6.3 Other
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 Equipment Manufacturing
13.10.2 Shipping Industry
13.10.3 Automobile Industry
13.10.4 Other
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 Cutting Torches Market: Competitive Dashboard
14.2 Global Cutting Torches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pellegrini
14.3.2 AngelBlade
14.3.3 ARCBRO LTD
14.3.4 BINZEL
14.3.5 Koike
14.3.6 Lincoln Electric
14.3.7 Hypertherm
14.3.8 MESSER CUTTING SYSTEMS
14.3.9 Migatronic
14.3.10 Miller Electric
14.3.11 Pellegrini
14.3.12 BUG-O SYSTEMS
14.3.13 CEBORA
14.3.14 CLOOS
14.3.15 ESAB
14.3.16 EWM AG
14.3.17 Hobart
