Market Overview:
The global 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 plasma cutters from various applications such as fabrication shops, automotive repair and restoration, industrial construction, salvage and scrapping operations, among others. In addition, the growing demand for portable plasma cutters is also contributing to the growth of this market.
Product Definition:
A plasma cutter is a device that uses an inert gas, such as argon, to create a plasma arc. The arc is created by heating the gas to the point where it becomes ionized. Plasma is then forced through a small opening in the nozzle of the cutter, which creates a high-pressure jet of hot plasma that can be used to cut through metal.
2 Dimensional / 2-Axis Plasma Cutting:
2-dimensional (2-axis) plasma cutting is a technique used in the fabrication of large glass panels and other flat or curved surfaces. The process involves the controlled movement of a plasma cutter along two orthogonal axes, which enables to cut through the material with high accuracy and precision.
The technology has been evolving for many years; however, it was only recently that its importance has started to be recognized within the manufacturing sector.
3 Dimensional / 3+ Axis Plasma Cutting:
3 dimensional or 3+ axis plasma cutting is a method of cutting, which uses a rotating electrode to create an arc and fire the plasma. The process can be used in various equipment such as metal-cutting machines, glass-cutting machines, laser engraving systems and others.
Application Insights:
The fabrication shops segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing demand for plasma cutters in industrial applications, such as cutting of metal sheets, pipes and other metallic materials. The automotive repair & restoration segment is also projected to exhibit considerable growth over the next seven years owing to rising demand for vehicles across various regions. Plasma cutters are used extensively in this application on a daily basis by professionals who fabricate parts using high-pressure water jets or abrasive wheels for grinding or cutting different materials including glass, rubber, plastic and aluminum alloys with great precision at a lower cost than other conventional machinery tools would require.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region’s growth can be attributed to increasing demand for plasma cutters in countries such as China, India, and Japan. In addition, rising investments by governments in these countries are likely to boost industry expansion rates over the coming years. For instance, according to a 2017 study published by IBEF Research Institute of Industrial Engineers of China “The Plasma arc Semiconductor (PAS) Industry Development Plan 2012-2022†was introduced with an investment of USD X billion for developing PAS technology in China.
North America accounted for a significant share owing to high demand from end-use industries such as automotive.
Growth Factors:
- Increasing demand for plasma cutters in the automotive and aerospace industries due to their high precision and accuracy.
- Rising demand for plasma cutters from small-scale businesses that require portable and lightweight machines for easy maneuverability.
- Growing popularity of plasma cutting as a preferred method of metal cutting over traditional methods such as sawing, grinding, and milling due to its superior quality cuts and faster speed of operation.
- Technological advancements in plasma cutter design that have resulted in more efficient machines with longer life spans, thus making them more affordable for buyers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Plasma Cutters Market Research Report
By Type
2 Dimensional / 2-Axis Plasma Cutting, 3 Dimensional / 3+ Axis Plasma Cutting, Tube & Section Plasma Cutting
By Application
Fabrication Shops, Automotive Repair and Restoration, Industrial Construction, Salvage and Scrapping Operations
By Companies
Lincoln Electric, Lincoln Electric, ESAB, AJAN ELEKTRONIK, Koike, Hornet Cutting Systems, Kiffer Industries, ShopSabre, GoTorch, Asia Machine Group
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Plasma Cutters Market Report Segments:
The global Plasma Cutters market is segmented on the basis of:
Types
2 Dimensional / 2-Axis Plasma Cutting, 3 Dimensional / 3+ Axis Plasma Cutting, Tube & Section Plasma Cutting
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
Fabrication Shops, Automotive Repair and Restoration, Industrial Construction, Salvage and Scrapping Operations
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:
- Lincoln Electric
- Lincoln Electric
- ESAB
- AJAN ELEKTRONIK
- Koike
- Hornet Cutting Systems
- Kiffer Industries
- ShopSabre
- GoTorch
- Asia Machine Group
Highlights of The 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:
- 2 Dimensional / 2-Axis Plasma Cutting
- 3 Dimensional / 3+ Axis Plasma Cutting
- Tube & Section Plasma Cutting
- By Application:
- Fabrication Shops
- Automotive Repair and Restoration
- Industrial Construction
- Salvage and Scrapping Operations
- 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 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 plasma cutter is a type of cutting tool that uses a high-energy beam to cut through materials. Plasma cutters are often used in the manufacturing and construction industries, where they are used to create intricate cuts in metal, plastic, and other materials.
Some of the major companies in the plasma cutters market are Lincoln Electric, Lincoln Electric, ESAB, AJAN ELEKTRONIK, Koike, Hornet Cutting Systems, Kiffer Industries, ShopSabre, GoTorch, Asia Machine Group.
The plasma cutters market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plasma Cutters Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plasma Cutters Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plasma Cutters Market - Supply Chain
4.5. Global Plasma Cutters Market Forecast
4.5.1. Plasma Cutters Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plasma Cutters Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plasma Cutters Market Absolute $ Opportunity
5. Global Plasma Cutters Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plasma Cutters Market Size and Volume Forecast by Type
5.3.1. 2 Dimensional / 2-Axis Plasma Cutting
5.3.2. 3 Dimensional / 3+ Axis Plasma Cutting
5.3.3. Tube & Section Plasma Cutting
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plasma Cutters Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plasma Cutters Market Size and Volume Forecast by Application
6.3.1. Fabrication Shops
6.3.2. Automotive Repair and Restoration
6.3.3. Industrial Construction
6.3.4. Salvage and Scrapping Operations
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plasma Cutters Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plasma Cutters Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plasma Cutters Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plasma Cutters Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plasma Cutters Demand Share Forecast, 2019-2026
9. North America Plasma Cutters Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plasma Cutters Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plasma Cutters Market Size and Volume Forecast by Application
9.4.1. Fabrication Shops
9.4.2. Automotive Repair and Restoration
9.4.3. Industrial Construction
9.4.4. Salvage and Scrapping Operations
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plasma Cutters Market Size and Volume Forecast by Type
9.7.1. 2 Dimensional / 2-Axis Plasma Cutting
9.7.2. 3 Dimensional / 3+ Axis Plasma Cutting
9.7.3. Tube & Section Plasma Cutting
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plasma Cutters Demand Share Forecast, 2019-2026
10. Latin America Plasma Cutters Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plasma Cutters Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plasma Cutters Market Size and Volume Forecast by Application
10.4.1. Fabrication Shops
10.4.2. Automotive Repair and Restoration
10.4.3. Industrial Construction
10.4.4. Salvage and Scrapping Operations
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plasma Cutters Market Size and Volume Forecast by Type
10.7.1. 2 Dimensional / 2-Axis Plasma Cutting
10.7.2. 3 Dimensional / 3+ Axis Plasma Cutting
10.7.3. Tube & Section Plasma Cutting
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plasma Cutters Demand Share Forecast, 2019-2026
11. Europe Plasma Cutters Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plasma Cutters Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plasma Cutters Market Size and Volume Forecast by Application
11.4.1. Fabrication Shops
11.4.2. Automotive Repair and Restoration
11.4.3. Industrial Construction
11.4.4. Salvage and Scrapping Operations
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plasma Cutters Market Size and Volume Forecast by Type
11.7.1. 2 Dimensional / 2-Axis Plasma Cutting
11.7.2. 3 Dimensional / 3+ Axis Plasma Cutting
11.7.3. Tube & Secton Plasma Cutting
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plasma Cutters Demand Share, 2019-2026
12. Asia Pacific Plasma Cutters Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plasma Cutters Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plasma Cutters Market Size and Volume Forecast by Application
12.4.1. Fabrication Shops
12.4.2. Automotive Repair and Restoration
12.4.3. Industrial Construction
12.4.4. Salvage and Scrapping Operations
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plasma Cutters Market Size and Volume Forecast by Type
12.7.1. 2 Dimensional / 2-Axis Plasma Cutting
12.7.2. 3 Dimensional / 3+ Axis Plasma Cutting
12.7.3. Tube & Section Plasma Cutting
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plasma Cutters Demand Share, 2019-2026
13. Middle East & Africa Plasma Cutters Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plasma Cutters Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plasma Cutters Market Size and Volume Forecast by Application
13.4.1. Fabrication Shops
13.4.2. Automotive Repair and Restoration
13.4.3. Industrial Construction
13.4.4. Salvage and Scrapping Operations
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plasma Cutters Market Size and Volume Forecast by Type
13.7.1. 2 Dimensional / 2-Axis Plasma Cutting
13.7.2. 3 Dimensional / 3+ Axis Plasma Cutting
13.7.3. Tube & Section Plasma Cutting
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plasma Cutters Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plasma Cutters Market: Market Share Analysis
14.2. Plasma Cutters Distributors and Customers
14.3. Plasma Cutters Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lincoln Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lincoln Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ESAB
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AJAN ELEKTRONIK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Koike
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hornet Cutting Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kiffer Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ShopSabre
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GoTorch
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Asia Machine Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
