Metal Cutting Machine (MCM) Market Report by Product (Laser Cutting Machine, Waterjet Cutting Machine, Plasma Cutting Machine, Flame Cutting Machine), Distribution Channel (Online, Offline), Application (Automobile, Aerospace and Defense, Construction, Marine, Electronics and Electrical, and Others), and Region 2024-2032

Metal Cutting Machine (MCM) Market Report by Product (Laser Cutting Machine, Waterjet Cutting Machine, Plasma Cutting Machine, Flame Cutting Machine), Distribution Channel (Online, Offline), Application (Automobile, Aerospace and Defense, Construction, Marine, Electronics and Electrical, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A6550
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Market Overview:

The global metal cutting machine (MCM) market size reached US$ 3.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.39% during 2024-2032.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 3.5 Billion
Market Forecast in 2032 US$ 5.3 Billion
Market Growth Rate (2024-2032) 4.39%


Metal cutting machines (MCM) refer to power-driven equipment used to change the workpiece to the required size and shape by cutting or removing unwanted sections. Laser, waterjet, flame, and plasma are some common product types. These machines are widely used in various applications to cut different ferrous and non-ferrous metals to produce a finished product of desired geometry. MCM offers numerous advantages to finished products, including closer dimensional accuracy, complex shaping, surface texture or finish, and required size. As a result, they find extensive applications across the automotive, construction, marine, aerospace, and electronics industries.

Global Metal Cutting Machine (MCM) Market

Metal Cutting Machine (MCM) Market Trends:

Significant growth in the automotive industry across the globe is creating a positive outlook for the market. MCMs are widely used for power cutting a range of interior and exterior components, such as door panels and chassis used in passenger cars and SUVs. In line with this, the widespread product adoption for manufacturing efficient, high-precision, and effective defense and aerospace components and equipment, including composites, engine parts, ignitors, rotary blades, and turbines, is acting as another growth-inducing factor. Additionally, the increasing utilization of plasma cutting machines that utilize an electrical arc to ionize and heat the gas to form a plasma used to cut conductive metals like stainless steel, aluminum, titanium, and copper is favoring the market growth. Apart from this, the launch of advanced metal cutting machines that offer increased performance and throughput, thicker cutting ranges, and high cutting speeds are providing an impetus to the market growth. Moreover, key players are focusing on introducing automation into their manufacturing processes to increase productivity and meet quality standards, which, in turn, is facilitating the market growth. Other factors, including extensive research and development (R&D) activities and the widespread product utilization in the electronics and electrical industry to cut springs, capacitors, motherboards, and circuit boards, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global metal cutting machine (MCM) market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, distribution channel and application.

Breakup by Product:

  • Laser Cutting Machine
  • Waterjet Cutting Machine
  • Plasma Cutting Machine
  • Flame Cutting Machine
     

Breakup by Distribution Channel:

  • Online
  • Offline
     

Breakup by Application:

  • Automobile
  • Aerospace and Defense
  • Construction
  • Marine
  • Electronics and Electrical
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amada Co. Ltd., Boye Laser Applied Technology Co. Ltd., Bystronic AG, Coherent Inc. (II-VI Incorporated), Eurolaser GmbH, Flow International Corporation, Han’s Laser Technology Industry Group Co. Ltd., Koike Aronson Inc. (Koike Sanso Kogyo Co. Ltd.), Komatsu America Industries LLC, Messer Cutting Systems Inc., Nissan Tanaka Corporation, TRUMPF Group and Water Jet Sweden AB.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Distribution Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amada Co. Ltd., Boye Laser Applied Technology Co. Ltd., Bystronic AG, Coherent Inc. (II-VI Incorporated), Eurolaser GmbH, Flow International Corporation, Han’s Laser Technology Industry Group Co. Ltd., Koike Aronson Inc. (Koike Sanso Kogyo Co. Ltd.), Komatsu America Industries LLC, Messer Cutting Systems Inc., Nissan Tanaka Corporation, TRUMPF Group and Water Jet Sweden AB.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global Metal Cutting Machine (MCM) market was valued at US$ 3.5 Billion in 2023.

We expect the global Metal Cutting Machine (MCM) market to exhibit a CAGR of 4.39% during 2024-2032.

The rising demand for MCM in various industries, including automotive, construction, marine, etc., as it offers closer dimensional accuracy, complex shaping, surface texture, etc., to finished products is primarily driving the global Metal Cutting Machine (MCM) market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for Metal Cutting Machines (MCM).

Based on the product, the global Metal Cutting Machine (MCM) market can be segmented into laser cutting machine, waterjet cutting machine, plasma cutting machine, and flame cutting machine. Currently, laser cutting machine holds the majority of the total market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global Metal Cutting Machine (MCM) market include Amada Co. Ltd., Boye Laser Applied Technology Co. Ltd., Bystronic AG, Coherent Inc. (II-VI Incorporated), Eurolaser GmbH, Flow International Corporation, Han’s Laser Technology Industry Group Co. Ltd., Koike Aronson Inc. (Koike Sanso Kogyo Co. Ltd.), Komatsu America Industries LLC, Messer Cutting Systems Inc., Nissan Tanaka Corporation, TRUMPF Group, and Water Jet Sweden AB.

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Metal Cutting Machine (MCM) Market Report by Product (Laser Cutting Machine, Waterjet Cutting Machine, Plasma Cutting Machine, Flame Cutting Machine), Distribution Channel (Online, Offline), Application (Automobile, Aerospace and Defense, Construction, Marine, Electronics and Electrical, and Others), and Region 2024-2032
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