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US Cutting Equipment Market

US Cutting Equipment Market By Technology (Plasma Cutting, Waterjet Cutting, Flame Cutting, Other Technologies); By End User (Automotive, Aerospace and Defense, Electrical and Electronics, Construction, Other End-Users); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
US Cutting Equipment Market Size 2023	USD 1,749.72 million
US Cutting Equipment Market, CAGR	5.35%
US Cutting Equipment Market Size 2032	USD 2,808.99 million

Market Overview

The US Cutting Equipment Market is projected to grow from USD 1,749.72 million in 2023 to an estimated USD 2,808.99 million by 2032, with a compound annual growth rate (CAGR) of 5.35% from 2024 to 2032. This substantial growth reflects increasing demand across various sectors, including manufacturing, automotive, aerospace, and construction.

Market drivers include the growing automation in manufacturing processes, which necessitates efficient and precise cutting equipment. Additionally, the increasing adoption of advanced materials in industries such as aerospace and automotive is boosting the demand for specialized cutting tools. Technological advancements, such as laser and waterjet cutting, are also enhancing the capabilities and applications of cutting equipment, contributing to market growth. Furthermore, the emphasis on sustainability and reducing material waste is driving the adoption of innovative cutting solutions.

Geographically, the market is highly concentrated in regions with robust industrial activities, such as the Midwest and the South. States like Texas, Ohio, and Michigan are key contributors due to their significant manufacturing and automotive industries. Leading players in the US Cutting Equipment Market include Hypertherm Inc., Lincoln Electric Holdings, Inc., and ESAB Corporation, who are focusing on innovation and strategic partnerships to maintain their competitive edge and cater to the evolving needs of various industries. These companies are investing in research and development to introduce cutting-edge products and expand their market presence.

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Market Drivers

Technological Advancements and Innovations

The cutting equipment market in the United States is significantly influenced by technological advancements and innovations. The industry has seen a substantial shift towards the adoption of advanced cutting technologies such as laser cutting, plasma cutting, and waterjet cutting. These technologies offer superior precision, efficiency, and versatility compared to traditional cutting methods. Laser cutting, for instance, provides high accuracy and is capable of cutting a wide range of materials, including metals, plastics, and composites. For instance, laser cutting, which provides high accuracy and is capable of cutting a wide range of materials, is being used in the automotive industry for cutting body panels and engine components with minimal material wastage. Plasma cutting, known for its speed and ability to cut thick materials, is widely used in heavy industries. Waterjet cutting, which uses a high-pressure stream of water mixed with abrasive materials, is appreciated for its ability to cut without generating heat, thereby preserving the integrity of the materials. These innovations are not only enhancing the capabilities of cutting equipment but are also opening new avenues for their application across various industries, from automotive and aerospace to electronics and healthcare. The continuous investment in research and development by leading market players to develop next-generation cutting technologies is expected to drive the market forward.

Increasing Automation in Manufacturing Processes

Automation in manufacturing processes is a key driver of the US cutting equipment market. The push towards Industry 4.0 and smart manufacturing has led to the integration of automated systems and machinery, including cutting equipment, into production lines. Automated cutting machines offer numerous benefits, such as increased production speed, improved accuracy, reduced labor costs, and enhanced safety. They can operate continuously with minimal human intervention, leading to higher productivity and efficiency. For instance, companies like General Motors and Boeing are using automated laser cutting systems in their manufacturing processes to enhance precision and productivity. The adoption of computer numerical control (CNC) technology in cutting equipment has revolutionized the manufacturing sector by enabling precise control over cutting processes. CNC machines are programmable and can execute complex cutting tasks with high precision, making them ideal for mass production. The demand for automated cutting solutions is particularly high in industries such as automotive, aerospace, and electronics, where precision and efficiency are critical. As manufacturers strive to remain competitive in a global market, the adoption of automated cutting equipment is expected to grow, driving market expansion.

Growing Demand for High-Precision Cutting Tools

The demand for high-precision cutting tools is another major driver of the US cutting equipment market. High-precision cutting tools are essential for industries that require exacting standards of quality and accuracy. The aerospace industry, for example, relies on precise cutting tools to fabricate complex components that meet stringent safety and performance standards. Similarly, the medical device industry requires high-precision cutting equipment to manufacture intricate parts for surgical instruments and implants. For instance, in the production of orthopedic implants, manufacturers use high-precision laser cutting tools to create complex geometries and features with tight tolerances. The automotive industry also demands precise cutting tools for the production of various vehicle components. The growing emphasis on quality control and the need to meet tight tolerances in manufacturing processes are fueling the demand for high-precision cutting equipment. Moreover, advancements in material science have led to the development of new materials with unique properties, such as composites and advanced alloys, which require specialized cutting tools. The ability of cutting equipment to handle these advanced materials with precision is crucial for their adoption in various applications. As industries continue to advance and the need for precision increases, the demand for high-precision cutting tools is expected to drive market growth.

Emphasis on Sustainability and Material Efficiency

The increasing emphasis on sustainability and material efficiency is a significant driver of the US cutting equipment market. Industries are under growing pressure to adopt environmentally friendly practices and reduce waste. Cutting equipment that enhances material efficiency and minimizes waste is in high demand. Advanced cutting technologies, such as laser and waterjet cutting, offer precise cutting capabilities that maximize material utilization and reduce scrap. These technologies enable manufacturers to optimize their processes, reduce raw material consumption, and lower production costs. The emphasis on sustainability is also driving the adoption of energy-efficient cutting equipment. Manufacturers are seeking cutting solutions that consume less energy while delivering high performance. Additionally, the use of cutting equipment that generates less heat and emissions aligns with environmental regulations and corporate sustainability goals. The trend towards circular economy practices, where waste materials are recycled and reused, is further driving the demand for cutting equipment capable of processing a variety of materials efficiently. As sustainability becomes a central focus for industries, the demand for cutting equipment that supports these goals is expected to grow, driving market expansion.

Market Trends

Adoption of Smart and Connected Cutting Technologies

A significant trend in the US cutting equipment market is the increasing adoption of smart and connected cutting technologies. With the advent of Industry 4.0, manufacturers are integrating advanced digital technologies into their operations, including cutting equipment. For instance, companies like General Electric and Boeing are using IoT-enabled cutting machines that provide real-time data on machine performance, enabling predictive maintenance and reducing downtime by up to 20%. Smart cutting machines equipped with Internet of Things (IoT) capabilities, sensors, and advanced software are becoming more prevalent. These connected machines enable real-time monitoring and data analysis, allowing manufacturers to optimize their cutting processes for greater efficiency and precision. For instance, smart cutting equipment can automatically adjust parameters such as speed and power based on the material being processed, ensuring optimal performance and reducing the risk of errors. Additionally, predictive maintenance enabled by IoT connectivity helps in identifying potential issues before they lead to machine downtime, thereby enhancing overall productivity. The ability to integrate cutting machines with other systems in the production line through digital platforms is also streamlining operations and reducing manual intervention. As the push for digital transformation in manufacturing continues, the adoption of smart and connected cutting technologies is expected to grow, driving innovation and efficiency in the market.

Increasing Use of Advanced Materials and Composite Cutting

The US cutting equipment market is witnessing a growing trend towards the use of advanced materials and composites, which is driving the demand for specialized cutting tools. Industries such as aerospace, automotive, and electronics are increasingly utilizing advanced materials like carbon fiber composites, titanium alloys, and high-strength steel due to their superior properties, such as lightweight, durability, and high strength-to-weight ratio. For instance, in the aerospace industry, the Boeing 787 Dreamliner uses carbon fiber composites for up to 50% of its primary structure, including the fuselage and wing. These materials, however, pose significant challenges for traditional cutting methods. As a result, there is a rising demand for cutting equipment capable of handling these advanced materials with precision and efficiency. Technologies such as laser cutting and waterjet cutting are particularly well-suited for processing advanced materials, as they offer high precision and can cut without causing thermal damage. Manufacturers are investing in research and development to enhance the capabilities of cutting equipment to meet the demands of working with new materials. The trend towards lightweight and high-performance materials in various industries is expected to continue, further driving the demand for advanced cutting technologies and specialized tools in the market.

Market Restraints and Challenges

High Initial Investment and Maintenance Costs

One of the significant restraints in the US cutting equipment market is the high initial investment and maintenance costs associated with advanced cutting technologies. Cutting equipment, particularly those utilizing state-of-the-art technologies such as laser, plasma, and waterjet cutting, require substantial capital expenditure. The costs include not only the purchase of the machinery but also the expenses related to installation, training, and integration into existing production lines. Small and medium-sized enterprises (SMEs) often find it challenging to allocate the necessary resources for such investments, limiting their ability to adopt advanced cutting solutions. Moreover, the maintenance of these sophisticated machines can be costly and complex. Regular servicing, replacement of consumables, and potential repairs require skilled technicians, further adding to the operational costs. These financial burdens can deter companies, especially smaller ones, from upgrading their equipment, thereby restraining market growth. While larger enterprises may have the financial capacity to invest in and maintain advanced cutting technologies, the high costs pose a significant barrier for widespread adoption across the industry.

Skilled Labor Shortage

The shortage of skilled labor is another critical challenge facing the US cutting equipment market. Advanced cutting technologies demand operators and technicians who are proficient in handling sophisticated machinery, understanding complex software, and performing precise adjustments. However, there is a growing gap between the demand for skilled workers and their availability. The manufacturing sector, in general, is experiencing a labor shortage, exacerbated by an aging workforce and a lack of new entrants with the necessary technical skills. This shortage impacts the efficiency and productivity of cutting operations, as improper handling or programming of the equipment can lead to suboptimal performance, increased downtime, and even costly errors or accidents. Companies are increasingly investing in training programs to bridge this skills gap, but these initiatives require time and resources. The lack of skilled labor not only affects the day-to-day operations but also hampers the ability of companies to fully leverage the capabilities of advanced cutting equipment, thereby restraining market growth. Addressing this challenge is crucial for the sustainable development of the cutting equipment market and the broader manufacturing industry.

Market Segmentation Analysis

By Technology

Plasma cutting technology is highly favored for its efficiency in cutting thick, conductive materials, making it a staple in heavy industries like automotive and construction due to its speed and precision. Waterjet cutting is gaining traction for its versatility, capable of cutting metals, composites, and glass without heat-affected zones, thus being ideal for aerospace, automotive, and electronics sectors while also being environmentally friendly. Flame cutting, or oxy-fuel cutting, is traditionally used for thick steel plates in heavy-duty applications such as construction and shipbuilding, but its use is declining in favor of more advanced technologies. Meanwhile, emerging technologies like laser cutting and robotic systems are expanding their market share by offering high precision, speed, and automation, contributing to overall market growth through continuous innovation.

By End User

The US cutting equipment market serves a range of end-users with distinct needs. In the automotive sector, cutting technologies like laser and waterjet are crucial for manufacturing high-precision, lightweight, and high-strength vehicle components. Aerospace and defense industries rely on advanced cutting equipment to fabricate complex, high-reliability components from sophisticated materials. The electronics industry drives demand for precise cutting solutions, particularly for intricate components and circuit boards. In construction, cutting equipment is essential for steel fabrication and concrete cutting, spurred by ongoing infrastructure development and urbanization. Additionally, sectors such as healthcare and energy utilize cutting equipment for medical device production and pipeline cutting, demonstrating its broad applicability across various industries.

Segments

Based on Technology

Plasma Cutting
Waterjet Cutting
Flame Cutting
Other Technologies

Based on End User

Automotive
Aerospace and Defense
Electrical and Electronics
Construction
Other End-Users

Based on Region

Midwest
South
West
Northeast

Regional Analysis

Midwest Region (30%):

The Midwest region holds a substantial share of the US cutting equipment market, accounting for approximately 30% of the total market. This region, often referred to as the industrial heartland of the United States, boasts a strong manufacturing base, particularly in states like Ohio, Michigan, and Illinois. The automotive industry is a major driver in this region, with numerous production facilities and supply chains that require advanced cutting technologies for precision manufacturing. Additionally, the Midwest’s rich history in heavy industries such as steel and machinery production further supports the demand for cutting equipment. The ongoing advancements in manufacturing processes and the adoption of automation are expected to continue driving market growth in this region.

South Region (25%):

The South region captures about 25% of the US cutting equipment market share. This region, including states like Texas, Florida, and Georgia, is experiencing significant industrial growth, particularly in the construction and energy sectors. Texas, in particular, stands out due to its booming oil and gas industry, which relies heavily on cutting equipment for pipeline construction and maintenance. The construction sector also plays a pivotal role, driven by rapid urbanization and infrastructure development. The favorable business climate, coupled with investments in industrial projects, is propelling the demand for cutting technologies in the South.

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Key players

The Lincoln Electric Company
Messer Cutting Systems
Genstar Technologies
Colfax Corporation
Linde Group
Struers
Ador Welding Ltd.
GCE Group
DAIHEN Corporation
Hypertherm
Amada Miyachi
Koike Aronson, Inc.
Kennametal
TRUMPF GmbH + Co. KG
Bystronic Laser AG

Competitive Analysis

The US Cutting Equipment Market is highly competitive, characterized by the presence of several key players who leverage innovation and strategic partnerships to maintain their market positions. The Lincoln Electric Company and Hypertherm are recognized for their advanced plasma and laser cutting technologies, catering to diverse industrial applications. TRUMPF GmbH + Co. KG and Bystronic Laser AG lead in laser cutting technology, emphasizing precision and efficiency, making them preferred choices in high-tech industries. Messer Cutting Systems and Koike Aronson, Inc. are prominent in heavy industries due to their robust flame and plasma cutting solutions. Companies like Colfax Corporation and Kennametal focus on specialized cutting tools and systems, addressing niche market needs. Continuous investments in research and development, coupled with a focus on enhancing product portfolios and expanding market reach, drive the competitive landscape, enabling these companies to meet the evolving demands of various industrial sectors.

Recent Developments

In July 2022, Lincoln Electric introduced the POWER MIG 215 MPi, a versatile multi-process welder. This machine features a lightweight, dual-input voltage design, making it adaptable to various power sources. Its ergonomic design enhances user comfort and efficiency, positioning it as a valuable addition to Lincoln Electric’s product lineup. The POWER MIG 215 MPi is engineered to deliver high performance across multiple welding applications, catering to the needs of both professional welders and hobbyists.

In February 2022, Messer Cutting Systems expanded its capabilities by acquiring Flame Technologies, Inc. (Flame Tech), a prominent US-based manufacturer in the oxyfuel sector. This acquisition, facilitated through an affiliate company, reinforces Messer Cutting Systems’ status as a global provider of oxyfuel, steel mill, and pre-heating solutions. By integrating Flame Tech’s expertise and product range, Messer Cutting Systems aims to enhance its service offerings and solidify its position in the market.

In June 2022, TRUMPF unveiled the TruFiber 2000 P, a new 2kW fiber laser, at the LASYS exhibition in Stuttgart, Germany. The TruFiber 2000 P is designed for flexibility and versatility, suitable for applications such as laser cutting and additive manufacturing. This innovative product reflects TRUMPF’s commitment to advancing laser technology, providing users with a powerful tool that enhances precision and productivity across various industrial processes.

Market Concentration and Characteristics

The US Cutting Equipment Market exhibits moderate to high market concentration, with a few key players dominating the landscape, including Lincoln Electric, Hypertherm, and TRUMPF GmbH + Co. KG. These companies leverage advanced technologies and extensive product portfolios to maintain their competitive edge. The market is characterized by a strong focus on innovation, with continuous investments in research and development to introduce cutting-edge solutions such as laser, plasma, and waterjet cutting technologies. Additionally, there is a growing trend towards automation and digitalization, driven by the need for precision, efficiency, and integration into smart manufacturing processes. The presence of established industrial sectors, such as automotive, aerospace, and construction, further supports the market’s growth and diversification.

Report Coverage

The research report offers an in-depth analysis based on Technology, End User and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The market will witness continuous technological advancements, particularly in laser and waterjet cutting technologies, enhancing precision and expanding application possibilities.

Increasing integration of automation and smart technologies in cutting equipment will drive productivity and operational efficiency across various industries.

The aerospace and automotive sectors will remain key drivers, demanding advanced cutting solutions for the fabrication of complex and high-precision components.

There will be a growing emphasis on sustainability, pushing manufacturers to adopt cutting technologies that reduce waste and energy consumption.

The rise of new materials such as composites and advanced alloys will drive the need for specialized cutting equipment capable of handling these materials with precision.

Efforts to address the skilled labor shortage through training and education initiatives will be crucial to fully leveraging advanced cutting technologies.

The South and Midwest regions will see significant growth due to ongoing industrial and infrastructure developments, enhancing the demand for cutting equipment.

The market will trend towards customizable and flexible cutting solutions that cater to specific industry requirements, improving adaptability and performance.

Companies will boost their investments in research and development to innovate and introduce next-generation cutting equipment, staying competitive in a dynamic market.

Adherence to stringent safety and environmental regulations will drive the adoption of advanced cutting technologies that meet compliance standards, ensuring safer and more sustainable operations.

CHAPTER NO. 1 : INTRODUCTION 13

1.1.1. Report Description 13

Purpose of the Report 13

USP & Key Offerings 13

1.1.2. Key Benefits for Stakeholders 13

1.1.3. Target Audience 14

1.1.4. Report Scope 14

CHAPTER NO. 2 : EXECUTIVE SUMMARY 15

2.1. U.S. Cutting Equipment Market Snapshot 15

2.1.1. U.S. Cutting Equipment Market, 2018 – 2032 (USD Million) 16

CHAPTER NO. 3 : U.S. CUTTING EQUIPMENT MARKET – INDUSTRY ANALYSIS 17

3.1. Introduction 17

3.2. Market Drivers 18

3.2.1. Driving Factor 1 Analysis 18

3.2.2. Driving Factor 2 Analysis 19

3.3. Market Restraints 20

3.3.1. Restraining Factor Analysis 20

3.4. Market Opportunities 21

3.4.1. Market Opportunity Analysis 21

3.5. Porter’s Five Forces Analysis 22

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 23

4.1. Company Market Share Analysis – 2023 23

4.1.1. U.S. Cutting Equipment Market: Company Market Share, by Volume, 2023 23

4.1.2. U.S. Cutting Equipment Market: Company Market Share, by Revenue, 2023 24

4.1.3. U.S. Cutting Equipment Market: Top 6 Company Market Share, by Revenue, 2023 24

4.1.4. U.S. Cutting Equipment Market: Top 3 Company Market Share, by Revenue, 2023 25

4.2. U.S. Cutting Equipment Market Company Revenue Market Share, 2023 26

4.3. Company Assessment Metrics, 2023 27

4.3.1. Stars 27

4.3.2. Emerging Leaders 27

4.3.3. Pervasive Players 27

4.3.4. Participants 27

4.4. Start-ups /SMEs Assessment Metrics, 2023 27

4.4.1. Progressive Companies 27

4.4.2. Responsive Companies 27

4.4.3. Dynamic Companies 27

4.4.4. Starting Blocks 27

4.5. Strategic Developments 28

4.5.1. Acquisitions & Mergers 28

New Product Launch 28

U.S. Expansion 28

4.6. Key Players Product Matrix 29

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 30

5.1. PESTEL 30

5.1.1. Political Factors 30

5.1.2. Economic Factors 30

5.1.3. Social Factors 30

5.1.4. Technological Factors 30

5.1.5. Environmental Factors 30

5.1.6. Legal Factors 30

5.2. Adjacent Market Analysis 30

CHAPTER NO. 6 : U.S. CUTTING EQUIPMENT MARKET – BY TECHNOLOGY SEGMENT ANALYSIS 31

6.1. U.S. Cutting Equipment Market Overview, by Technology Segment 31

6.1.1. U.S. Cutting Equipment Market Revenue Share, By Technology, 2023 & 2032 32

6.1.2. U.S. Cutting Equipment Market Attractiveness Analysis, By Technology 33

6.1.3. Incremental Revenue Growth Opportunity, by Technology, 2024 – 2032 33

6.1.4. U.S. Cutting Equipment Market Revenue, By Technology, 2018, 2023, 2027 & 2032 34

6.2. Laser 35

6.3. Plasma 36

6.4. Waterjet 37

6.5. Flame 38

6.6. Other Technologies 39

CHAPTER NO. 7 : U.S. CUTTING EQUIPMENT MARKET – BY END-USER SEGMENT ANALYSIS 40

7.1. U.S. Cutting Equipment Market Overview, by End-user Segment 40

7.1.1. U.S. Cutting Equipment Market Revenue Share, By End-user, 2023 & 2032 41

7.1.2. U.S. Cutting Equipment Market Attractiveness Analysis, By End-user 42

7.1.3. Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032 42

7.1.4. U.S. Cutting Equipment Market Revenue, By End-user, 2018, 2023, 2027 & 2032 43

7.2. Automotive 44

7.3. Aerospace and Defense 45

7.4. Electrical and Electronics 46

7.5. Construction 47

7.6. Other End-Users 48

CHAPTER NO. 8 : COMPANY PROFILES 49

8.1. The Lincoln Electric Company 49

8.1.1. Company Overview 49

8.1.2. Product Portfolio 49

8.1.3. Swot Analysis 49

8.1.4. Business Strategy 50

8.1.5. Financial Overview 50

8.2. Messer Cutting Systems 51

8.3. Genstar Technologies 51

8.4. Colfax Corporation 51

8.5. Linde Group 51

8.6. Struers 51

8.7. Ador Welding Ltd. 51

8.8. GCE Group 51

8.9. DAIHEN Corporation 51

8.10. Hypertherm 51

8.11. Amada Miyachi 51

8.12. Koike Aronson, Inc 51

8.13. Kennametal 51

8.14. TRUMPF GmbH + Co. KG 51

8.15. Bystronic Laser AG 51

CHAPTER NO. 9 : RESEARCH METHODOLOGY 52

9.1. Research Methodology 52

9.1.1. Phase I – Secondary Research 53

9.1.2. Phase II – Data Modeling 53

Company Share Analysis Model 54

Revenue Based Modeling 54

9.1.3. Phase III – Primary Research 55

9.1.4. Research Limitations 56

Assumptions 56

List of Figures

FIG NO. 1. U.S. Cutting Equipment Market Revenue, 2018 – 2032 (USD Million) 16

FIG NO. 2. Porter’s Five Forces Analysis for U.S. Cutting Equipment Market 22

FIG NO. 3. Company Share Analysis, 2023 23

FIG NO. 4. Company Share Analysis, 2023 24

FIG NO. 5. Company Share Analysis, 2023 24

FIG NO. 6. Company Share Analysis, 2023 25

FIG NO. 7. U.S. Cutting Equipment Market – Company Revenue Market Share, 2023 26

FIG NO. 8. U.S. Cutting Equipment Market Revenue Share, By Technology, 2023 & 2032 32

FIG NO. 9. Market Attractiveness Analysis, By Technology 33

FIG NO. 10. Incremental Revenue Growth Opportunity by Technology, 2024 – 2032 33

FIG NO. 11. U.S. Cutting Equipment Market Revenue, By Technology, 2018, 2023, 2027 & 2032 34

FIG NO. 12. U.S. Cutting Equipment Market for Laser, Revenue (USD Million) 2018 – 2032 35

FIG NO. 13. U.S. Cutting Equipment Market for Plasma, Revenue (USD Million) 2018 – 2032 36

FIG NO. 14. U.S. Cutting Equipment Market for Waterjet, Revenue (USD Million) 2018 – 2032 37

FIG NO. 15. U.S. Cutting Equipment Market for Flame, Revenue (USD Million) 2018 – 2032 38

FIG NO. 16. U.S. Cutting Equipment Market for Other Technologies, Revenue (USD Million) 2018 – 2032 39

FIG NO. 17. U.S. Cutting Equipment Market Revenue Share, By End-user, 2023 & 2032 41

FIG NO. 18. Market Attractiveness Analysis, By End-user 42

FIG NO. 19. Incremental Revenue Growth Opportunity by End-user, 2024 – 2032 42

FIG NO. 20. U.S. Cutting Equipment Market Revenue, By End-user, 2018, 2023, 2027 & 2032 43

FIG NO. 21. U.S. Cutting Equipment Market for Automotive, Revenue (USD Million) 2018 – 2032 44

FIG NO. 22. U.S. Cutting Equipment Market for Aerospace and Defense, Revenue (USD Million) 2018 – 2032 45

FIG NO. 23. U.S. Cutting Equipment Market for Electrical and Electronics, Revenue (USD Million) 2018 – 2032 46

FIG NO. 24. U.S. Cutting Equipment Market for Construction, Revenue (USD Million) 2018 – 2032 47

FIG NO. 25. U.S. Cutting Equipment Market for Other End-Users , Revenue (USD Million) 2018 – 2032 48

FIG NO. 26. Research Methodology – Detailed View 52

FIG NO. 27. Research Methodology 53

List of Tables

TABLE NO. 1. : U.S. Cutting Equipment Market: Snapshot 15

TABLE NO. 2. : Drivers for the U.S. Cutting Equipment Market: Impact Analysis 18

TABLE NO. 3. : Restraints for the U.S. Cutting Equipment Market: Impact Analysis 20

Frequently Asked Questions:

What is the projected growth of the US Cutting Equipment Market?

The market is expected to expand from USD 1,749.72 million in 2023 to approximately USD 2,808.99 million by 2032, growing at a CAGR of 5.35% from 2024 to 2032.

Which sectors are driving the demand for cutting equipment?

Key sectors include automotive, aerospace, electronics, and construction, where advanced cutting technologies are essential for precision and efficiency in manufacturing.

How are technological advancements influencing the market?

Innovations such as laser, plasma, and waterjet cutting are enhancing precision, versatility, and efficiency, driving significant growth and expanding application possibilities.

What role does automation play in the cutting equipment market?

Automation boosts productivity and accuracy by integrating cutting equipment into smart manufacturing systems, reducing labor costs and improving operational efficiency.

How are sustainability concerns impacting the market?

The focus on sustainability is increasing the demand for cutting technologies that minimize waste and energy consumption, promoting the adoption of eco-friendly and efficient solutions.

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