17-May-2022 | Facts and Factors
According to Facts and Factors, the global metal cutting machine (MCM) market was valued at USD 6,527.10 million in 2021 and is predicted to increase at a CAGR of 5.21% to USD 9,008.01 million by 2028. The study examines the market in terms of revenue in each of the significant regions, which are classified into countries.
Increasing investments within the outlines and aerospace industries, coupled with the growing demand for a wide range of consumer electronics on account of rising disposable incomes are expected to favor the market growth over the coming years. Moreover, the introduction of the latest technologies coupled with increasing demand for the technologies in manufacturing processes is anticipated to propel the market growth during the forecast period. In addition, supportive government initiatives and an increased number of Free Trade Agreements across the globe are expected to fuel manufacturing industries. These factors are anticipated to positively influence the Global CNC metal cutting machine market share during the forecast period.
Browse the full “ Metal Cutting Machine (MCM) Market By Product Type (Machining Centers, Lathe Machines, Gear Cutting Machines, Laser Cutting Machines, Others), By End-User (Automobile, Aerospace & Defense, Electronics, Power & Energy, Others), and By Region - Global Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast, 2022 – 2028 " report at https://www.fnfresearch.com/metal-cutting-machine-mcm-market
Over the forecast period, the rising number of automation and efficiency initiatives in the aerospace and defined industries is expected to boost demand for metal cutting machines. In the future, research, and development projects to increase product quality might be a vital growth strategy for the main market players. Furthermore, global industrialization has raised the usage of metals greatly, resulting in higher demand for the industry in the next years. The industrial set for machine-cutting tools, on the other hand, necessitates massive investment, which acts as a limitation on the market's growth because the high cost involved attracts few investors. Also, the prices of the raw materials keep on fluctuating that also tends to hamper the growth.
In terms of Product, Laser cutting machine holds the biggest share within the market over upcoming years. It will work on different kinds of fabric like alloys, plastics, or ceramics while not exacting any harm burrs that area unit harmful. Besides, complex cuts may be simply created with these metal cutting machines. Care may be an important advantage of laser cutting over another cutting strategy.
In terms of application, the automotive business is one of the leading users of cutting machines. The employment of metal cutting machines within the automotive sector has helped manufacturers to supply elements at a quicker rate while not being flexible on quality or delicacy levels. The metal cutting machine in automotive is employed for cutting powerful metals like steel, chrome steel, and metal alloys. It’s used to take away metal from the surface of a work to supply desired form or kind. This has increased production effectiveness, and productivity and reduced overall prices for automobile corporations considerably throughout the forecast period.
Regional summary
The Asia-Pacific region segment is supposed to hold the largest share as well as the highest CAGR throughout the forecast period. The expansion within the space is attributed to the increased metal cutting plants across the region. Also, most of the industry's important players area units within the Asia Pacific region, leading the CNC metal cutting machine tools market share.
Additionally, the growing automotive business in these countries is anticipated to extend the demand for metal cutting machines, in the future. What is more, the sturdy presence of leading metal cutting machine makers in countries within the region is causative considerably to plug growth over the approaching years.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 6,527.10 Million |
Projected Market Size in 2028 |
USD 9,008.01 Million |
CAGR Growth Rate |
5.21% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
TRUMPF, AMADA Co. Ltd., Colfax Corporation, Bystronic Laser AG, Koike Aronson Inc., Nissan Tanaka Corporation, Lincoln Electric Holdings Inc, Water Jet Sweden AB, Flow International Corporation, Coherent Inc., Messer Cutting Systems, Oma Corporation, Boyes Laser Applied Technology Co. Ltd., Han’s Laser Technology Industry Group Co. Ltd, and Others |
Key Segment |
By Product Type, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Competitive Landscape
The report contains qualitative and quantitative research on the global Metal Cutting Machine (MCM) Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Global Metal Cutting Machine (MCM) Market:
- TRUMPF
- AMADA Co., Ltd.
- Colfax Corporation
- Bystronic Laser AG
- Koike Aronson, Inc.
- Nissan Tanaka Corporation
- Lincoln Electric Holdings, Inc
- Water Jet Sweden AB
- Flow International Corporation
- Coherent Inc.
- Messer Cutting Systems
- Oma Corporation
- Boyes Laser Applied Technology Co., Ltd.
- Han’s Laser Technology Industry Group Co., Ltd
- Others
The global metal cutting machine (MCM) market is segmented as follows;
By Product Type
- Machining Centers
- Lathe Machines
- Gear Cutting Machines
- Laser Cutting Machines
- Others
By End-User
- Automobile
- Aerospace & Defense
- Electronics
- Power & Energy
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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