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Metal Cutting Machine (MCM) Market Report by Product (Laser Cutting Machine, Waterjet Cutting Machine, Plasma Cutting Machine, Flame Cutting Machine), Distribution Channel (Online, Offline), Application (Automobile, Aerospace and Defense, Construction, Marine, Electronics and Electrical, and Others), and Region 2024-2032
Market Report I 2024-08-10 I 142 Pages I IMARC Group
The global metal cutting machine (MCM) market size reached US$ 3.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.39% during 2024-2032.
Metal cutting machines (MCM) refer to power-driven equipment used to change the workpiece to the required size and shape by cutting or removing unwanted sections. Laser, waterjet, flame, and plasma are some common product types. These machines are widely used in various applications to cut different ferrous and non-ferrous metals to produce a finished product of desired geometry. MCM offers numerous advantages to finished products, including closer dimensional accuracy, complex shaping, surface texture or finish, and required size. As a result, they find extensive applications across the automotive, construction, marine, aerospace, and electronics industries.
Metal Cutting Machine (MCM) Market Trends:
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. MCMs are widely used for power cutting a range of interior and exterior components, such as door panels and chassis used in passenger cars and SUVs. In line with this, the widespread product adoption for manufacturing efficient, high-precision, and effective defense and aerospace components and equipment, including composites, engine parts, ignitors, rotary blades, and turbines, is acting as another growth-inducing factor. Additionally, the increasing utilization of plasma cutting machines that utilize an electrical arc to ionize and heat the gas to form a plasma used to cut conductive metals like stainless steel, aluminum, titanium, and copper is favoring the market growth. Apart from this, the launch of advanced metal cutting machines that offer increased performance and throughput, thicker cutting ranges, and high cutting speeds are providing an impetus to the market growth. Moreover, key players are focusing on introducing automation into their manufacturing processes to increase productivity and meet quality standards, which, in turn, is facilitating the market growth. Other factors, including extensive research and development (R&D) activities and the widespread product utilization in the electronics and electrical industry to cut springs, capacitors, motherboards, and circuit boards, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global metal cutting machine (MCM) market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, distribution channel and application.
Breakup by Product:
- Laser Cutting Machine
- Waterjet Cutting Machine
- Plasma Cutting Machine
- Flame Cutting Machine
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Application:
- Automobile
- Aerospace and Defense
- Construction
- Marine
- Electronics and Electrical
- Others
Breakup by Region:
- North America
o United States
o Canada
- Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
- Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
- Latin America
o Brazil
o Mexico
o Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amada Co. Ltd., Boye Laser Applied Technology Co. Ltd., Bystronic AG, Coherent Inc. (II-VI Incorporated), Eurolaser GmbH, Flow International Corporation, Han's Laser Technology Industry Group Co. Ltd., Koike Aronson Inc. (Koike Sanso Kogyo Co. Ltd.), Komatsu America Industries LLC, Messer Cutting Systems Inc., Nissan Tanaka Corporation, TRUMPF Group and Water Jet Sweden AB.
Key Questions Answered in This Report
1. What was the size of the global Metal Cutting Machine (MCM) market in 2023?
2. What is the expected growth rate of the global Metal Cutting Machine (MCM) market during 2024-2032?
3. What are the key factors driving the global Metal Cutting Machine (MCM) market?
4. What has been the impact of COVID-19 on the global Metal Cutting Machine (MCM) market?
5. What is the breakup of the global Metal Cutting Machine (MCM) market based on the product?
6. What are the key regions in the global Metal Cutting Machine (MCM) market?
7. Who are the key players/companies in the global Metal Cutting Machine (MCM) market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Metal Cutting Machine (MCM) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Laser Cutting Machine
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Waterjet Cutting Machine
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Plasma Cutting Machine
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Flame Cutting Machine
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Online
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Offline
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Automobile
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aerospace and Defense
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Construction
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Marine
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Electronics and Electrical
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amada Co. Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Boye Laser Applied Technology Co. Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Bystronic AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Coherent Inc. (II-VI Incorporated)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.5 Eurolaser GmbH
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Flow International Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Han's Laser Technology Industry Group Co. Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Koike Aronson Inc. (Koike Sanso Kogyo Co. Ltd.)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Komatsu America Industries LLC
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Messer Cutting Systems Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Nissan Tanaka Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 TRUMPF Group
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Water Jet Sweden AB
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
Figure 1: Global: Metal Cutting Machine Market: Major Drivers and Challenges
Figure 2: Global: Metal Cutting Machine Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Metal Cutting Machine Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Metal Cutting Machine Market: Breakup by Product (in %), 2023
Figure 5: Global: Metal Cutting Machine Market: Breakup by Distribution Channel (in %), 2023
Figure 6: Global: Metal Cutting Machine Market: Breakup by Application (in %), 2023
Figure 7: Global: Metal Cutting Machine Market: Breakup by Region (in %), 2023
Figure 8: Global: Metal Cutting Machine (Laser Cutting Machine) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Metal Cutting Machine (Laser Cutting Machine) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Metal Cutting Machine (Waterjet Cutting Machine) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Metal Cutting Machine (Waterjet Cutting Machine) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Metal Cutting Machine (Plasma Cutting Machine) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Metal Cutting Machine (Plasma Cutting Machine) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Metal Cutting Machine (Flame Cutting Machine) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Metal Cutting Machine (Flame Cutting Machine) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Metal Cutting Machine (Online) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Metal Cutting Machine (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Metal Cutting Machine (Offline) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Metal Cutting Machine (Offline) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Metal Cutting Machine (Automobile) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Metal Cutting Machine (Automobile) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Metal Cutting Machine (Aerospace and Defense) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Metal Cutting Machine (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Metal Cutting Machine (Construction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Metal Cutting Machine (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Metal Cutting Machine (Marine) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Metal Cutting Machine (Marine) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Metal Cutting Machine (Electronics and Electrical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Metal Cutting Machine (Electronics and Electrical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Metal Cutting Machine (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Metal Cutting Machine (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: United States: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: United States: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Canada: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Canada: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Asia-Pacific: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Asia-Pacific: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: China: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: China: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Japan: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Japan: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: India: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: India: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: South Korea: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: South Korea: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Australia: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Australia: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Indonesia: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Indonesia: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Others: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Others: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Europe: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Europe: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Germany: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Germany: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: France: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: France: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: United Kingdom: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: United Kingdom: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Italy: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Italy: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Spain: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Spain: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Russia: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Russia: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Latin America: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Latin America: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Brazil: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Brazil: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Mexico: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Mexico: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Middle East and Africa: Metal Cutting Machine Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Middle East and Africa: Metal Cutting Machine Market: Breakup by Country (in %), 2023
Figure 80: Middle East and Africa: Metal Cutting Machine Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Global: Metal Cutting Machine Industry: SWOT Analysis
Figure 82: Global: Metal Cutting Machine Industry: Value Chain Analysis
Figure 83: Global: Metal Cutting Machine Industry: Porter's Five Forces Analysis
Table 1: Global: Metal Cutting Machine Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Metal Cutting Machine Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Metal Cutting Machine Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 4: Global: Metal Cutting Machine Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Metal Cutting Machine Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Metal Cutting Machine Market: Competitive Structure
Table 7: Global: Metal Cutting Machine Market: Key Players
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