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Plasma Cutting Machines Market By Type (Single Flow, Duel Flow), By Control (Manual, CNC), By Industry Vertical (Automotive, Aerospace And Defense, Industrial Manufacturing, Salvage & Scrapping, HVAC, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

Since their introduction in the 1950s, plasma-cutting machines have undergone significant development. As a non-conventional machining process, plasma cutting is one of the most widely used machining processes for different conducting metals and is applicable across a variety of industries. Modern plasma cutting machines are termed "high-definition, fully-integrated CNC plasma machines capable of generating immaculate accuracy with a user-friendly interface." Perpetual development in matching methods and the introduction of an advanced control system helped the plasma cutting machines market register market growth at a considerable CAGR of 5.8% throughout the forecast period from 2018 to 2026.

Market Synopsis

Single-Flow Plasma to Make Way for Dual-Flow Plasma Cutting Machines During the Forecast

At present, single-flow plasma cutting machines dominate the global market in terms of market value. The system uses only a single gas, generally air or nitrogen, to produce and cool down the plasma. The process lacks the presence of another gas that can be used as a shielding gas to protect nozzles from molten metal, often leading to short nozzle life. However, the technology is rapidly being replaced by dual-flow plasma nozzles owing to their greater accuracy and long operational lives. Duel-flow plasma cutting machines are being incorporated rapidly across several industry verticals and are soon expected to take over conventional single-flow plasma in the next few years.

CNC Plasma Cutting Machines: Creating a Positive Impact on Production Rate and Product Quality

On the basis of control, plasma cutting machines are broadly classified into manual and CNC plasma cutting machines. Manual plasma cutting machines, both permanent and bench-top, require a skilled human operator to direct the plasma nozzle to the desired locations. Dealing with extreme temperatures and accurately directing the nozzle is a tedious task that often leads to inaccuracies in the final product, such as tapered holes and imperfect straight cuts. Furthermore, the introduction of computerized numerical control (CNC) plasma cutting machines completely altered the non-conventional machining scenario.

CNC plasma cutting machines are capable of producing accurate cuts and holes and can be extensively used for drag cutting with minimum requirements for product finishing. Owing to the aforementioned merits, CNC plasma cutting machines dominated the overall plasma cutting machines market in terms of market value and were expected to retain their dominance throughout the forecast period. Manual plasma cutting machines are projected to grow at a sluggish rate owing to their limited application in small workshops and portable applications.

Automotive emerged as the most dominant industry vertical in terms of market value.

Plasma-cutting machines are extensively used in industries dealing with the cutting and forming of heavy metals such as steel, aluminum, brass, and copper. In terms of market value, the automotive industry is a major market share holder in the market for plasma cutting machines. The industry deals with metal sheets of varying thicknesses and needs a viable solution to accurately cut the sheets into the desired shape. Aside from automotive, plasma-cutting machines were widely used in industrial manufacturing, aerospace, and defense. The automotive industry is projected to retain its dominance over the market owing to the continuous growth in demand for modern automobiles.

Asia Pacific has emerged as the new market leader in the plasma cutting machines market.

Asia-Pacific is home to some of the most productive and rapidly developing countries. The manufacturing and automotive sectors in Asia Pacific are making significant leaps, and the developing countries in the region are expected to proliferate consistently in the coming years. Flourishing industrial manufacturing and automotive industries, especially in China, India, Japan, and South Korea, provided a fruitful environment for the plasma-cutting machines market. Asia Pacific was closely followed by North America and Europe in terms of market value in 2017.

Market Segmentation

Product Versatility Pitted Several Local and International Players Against Each Other

Plasma-cutting machines' long-term benefits prompted several industry verticals to incorporate the machining system into their production lines. This drew several machine tool manufacturers to introduce their featured machines into the market, further fragmenting the market. Stiff competition among local and international players has been observed in the plasma-cutting machine market, and the competition is expected to aggravate further in the coming years. The research study discusses the key business strategies adopted by the most prominent players participating in the market for plasma-cutting machines. Some of the companies profiled in the reports include AJAN ELEKTRONIK, Automated Cutting Machinery, C&G Systems, ERMAKSAN, Esprit Automation, HACO, Hornet Cutting Systems, Miller Electric Mfg., MultiCam, SICK, SPIRO International, The Lincoln Electric Company, Voortman Steel Machinery, and others.

Key questions are answered in this report.

  • What are the most recent trends in the plasma-cutting machine market, and what are the most promising opportunities for the players?
  • How have material thickness and the introduction of new alloys made an impact on the global as well as regional plasma-cutting machine market?
  • Which are the largest and fastest growing segments in terms of type, control, and industry verticals?
  • Which geographical regions or countries are the most advantageous for the overall market for plasma cutting machines?
  • What are the market sizes and trends in developing regions such as the Asia Pacific, the Middle East, Africa, and Latin America?

 Frequently Asked Questions:

The market for Plasma Cutting Machines Market is expected to reach US$ XX Mn by 2026.

The Plasma Cutting Machines Market is expected to see significant CAGR growth over the coming years, at 5.8%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

AJAN ELEKTRONIK, Automated Cutting Machinery, C&G Systems, ERMAKSAN, Esprit Automation, HACO, Hornet Cutting Systems, Miller Electric Mfg., MultiCam, SICK are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Nov 2018
Category:  Industrial Goods
Report ID:   59446
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
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