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Metal Cutting Machine (MCM) Market Size, Share Global Analysis Report, 2022 – 2028
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
Industry Insights
[210+ Pages Report] 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.
Market Overview
A metal cutting machine is a piece of mechanical equipment that arranges one or more tools to design different types of metals into desired shape and size. Increasing demand for highly efficient metal cutting machines from a variety of application industries, such as automotive, aerospace and military, electronics, and marine, is likely to be the primary driving force during the forecast period. Constant advancements in digital technology, most notably in embedded systems coupled with innovation focus on additive manufacturing, smart robotics, and computerized monitoring and control, are some of the key trends in the market during the forecast period. Moreover, rising demand for innovative metal cutting machines that offer increased performance, the ability to cut thicker cutting ranges improved parts edge quality, and high cutting speeds are likely to boost the market growth over the upcoming years.
Factors such as a widening skills gap combined with a scarcity of skilled workers, as well as an increasing focus of application industries on automation to improve production performance and efficiencies, are expected to drive demand for flexible NC and CNC metal cutting machines, resulting in the market growth over the upcoming years. Well-established market players could collaborate with smaller players in a tender to expand their market existence and increase their revenue shares in the global market. Furthermore, the rise of the additive manufacturing business is driven by using 3D printing in the consumer electronics, medical, and automotive industries. The decrease in production time leads to an increase in manufacturing's attractiveness among consumers which is likely to propel the market growth during the forecast period.
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Impact of COVID - 19
The global outbreak of the COVID-19 pandemic has created a war-like situation across the globe. Several governments were obliged to enact lockdown measures, which resulted in the cessation of most non-essential activity in their respective countries. Manufacturing activities were interrupted because of the measures, which are projected to have a negative impact on demand for metal cutting machines over the projection period. The new coronavirus has rapidly spread throughout multiple countries and regions, wreaking havoc on people's lives and the community. It started as a human health issue and had since evolved into a major threat to global trade, economics, and finance. Due to the shutdown imposed by the COVID-19 pandemic, several items in the CNC metal cutting machines industry have been halted.
Furthermore, the number of COVID-19 cases is expected to reduce soon as the vaccine for COVID-19 is introduced into the market. This has led to the reopening of CNC metal cutting machine manufacturing companies at their full-sized capacities which is expected to help the market to recover by the start of 2022. After COVID-19 infection cases begin to decline, CNC metal cutting machine manufacturers must focus on protecting their staff, operations, and supply networks to respond to central emergencies and establish new methods of working.
Segmentation Analysis
The global Metal Cutting Machine (MCM) market is segregated based on product, applications, and region.
In terms of Applications, in 2021, the automotive segment holds a major share in the global MCM market over the upcoming years. This is owing to the extensive usage of the product in cutting a range of interior and exterior components of automotive, including passenger cars, SUVs, and others. These machines are also used to produce components ranging from carpets and weather stripping to door panels and chassis. Additionally, the rising number of automation and efficiency measures in the aerospace and defense industries to minimize overhead costs are expected to boost demand for metal cutting machines over the projection period.
In terms of product, Laser cutting machines are anticipated to make the largest contribution to the overall metal cutting machine market as they have proven extremely beneficial in cutting several metals and helping develop excellent quality structures. A laser cutting machine is a type of metal cutting machine that uses a laser to melt and cut metals. These machines use lasers for welding, engraving, and marking materials in production lines like the aerospace and defense industry which is likely to propel the market growth.
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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Regional Landscape
The Asia-Pacific region is growing at a whopping rate in the metal cutting machine (mcm) market and undergoing a rapid transformation over the upcoming years. Due to rapid industrialization coupled with improving economic conditions, most notably in India, China, and South Korea are anticipated to drive the product demand in the region. The Asia Pacific is expected to remain a hub for high-tech manufacturing, especially for automotive, defense and aerospace, and electronics industries, which is likely to fuel the regional market growth over the upcoming years.
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 Segment Analysis
- Machining Centers
- Lathe Machines
- Gear Cutting Machines
- Laser Cutting Machines
- Others
By End-User Segment Analysis
- Automobile
- Aerospace & Defense
- Electronics
- Power & Energy
- Others
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- 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
Table of Content
Industry Major 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
- Others.
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