by The global Gas Cutting Machine Market is estimated to be valued at US$ 750Mn in 2023 and is expected to exhibit a CAGR of 2.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Gas cutting machines are used for cutting metal and non-metal materials using a mixture of oxygen and fuel gas. These machines can be used to cut different types of metal sheets and plates, including mild steel, stainless steel, and aluminum. The cutting process uses kerosene, propane, acetylene or hydrogen as the fuel gas along with oxygen to create a cutting flame of around 3000°C. This high temperature flame is directed using a cutting nozzle onto the workpiece, where it liquefies and burns away the metal. The ability to make precise cuts on different types of metals has made gas cutting machines highly popular in automotive, shipbuilding, construction and other manufacturing industries. Gas cutting machines offer benefits such as precise dimensional cutting capability, easy to operate, low capital cost and ability to cut a variety of metal thickness.
Market key trends:
One of the key trends in the gas cutting machine market is the increasing adoption of plasma cutting technology. Plasma cutting uses an electrically charged gas to cut metals instead of a chemical flame. Plasma cutting machines can cut through metals much faster than gas cutting and produce cleaner, sharper cuts with less dross. They also offer improved cut quality on hard metals such as stainless steel. Many manufacturers are integrating plasma cutting heads with existing gas cutting systems to leverage the benefits of both technologies. This is expected to drive significant demand for advanced gas cutting machines equipped with plasma cutting capabilities over the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirements and established buyers limit the threat of new entrants in the gas cutting machine market. However, established brands have significant customer loyalty and economies of scale.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitute cutting technologies. However, gas cutting machines continue to be the preferred option for specific applications.
Bargaining power of suppliers: A large number of component suppliers exist, reducing individual supplier power. Suppliers of industrial gases also have limited influence.
Threat of new substitutes: While technologies like laser and waterjet cutting pose a threat, gas cutting is preferred for applications involving high-volume, low-cost cutting of non-ferrous metals.
Competitive rivalry: The market features numerous international and regional players, concentrated in industrialized regions. Price competition is moderate due to differentiated products.
Key Takeaways
The global Gas Cutting Machine market is expected to witness high growth, exhibiting CAGR of 2.9% over the forecast period, due to increasing industrial automaton and focus on productivity. The market size for 2023 is estimated to be US$750Mn.
Regional analysis: North America dominated the market in 2023, attribuited to strong manufacturing sector. Asia Pacific is expected to witness fastest growth owing to rapid industrialization in China and India. Countries like Japan and Germany are also major markets.
Key players: Key players operating in the gas cutting machine market include Kaltenbach Group, ESAB, Koike Aronson, Hornet Cutting Systems, Messer Cutting Systems, Ador Welding, Haco, Harris Products Group, Shangai Welding & Cutting Tool Works, SteelTailor, and Voortman Steel Machinery. Players are focused on product innovations and automation to gain market share.
