- March 2020 |
- Electronics Services / Electronics and Semiconductor
Cutting Equipment, Accessories & Consumables Market, By Technology (Laser, Plasma, Waterjet, Flame, and Others), By Cutting Equipment (Manual Cutting Equipment and Mechanized Cutting Equipment), By Accessories (Gas regulators, Gas flow meters, Gas filters, Check valves, Gas manifolds, and Others), By Consumables (Shielding Gases and Oxy-fuel gases), By Application (Shipbuilding & Offshore, General metal fabrication, Automotive, Heavy Equipment Fabrication, Construction, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, And Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2020-2026
Global Cutting Equipment, Accessories & Consumables Market Forecast and Trends
The global Cutting Equipment, Accessories & Consumable’s market has reached USD 7.58 Billion in 2019 and is expected to reach USD 10.42 Billion by the year 2026, with a growing CAGR of 4.74% during the forecast period 2020- 2026. Market growth is primarily driven by the increasing demand from various end-user industries around the world, such as automotive, aerospace, and others.
The cutting technology for oxy-fuel is commonly used due to the quickness, comparatively low cost, and accurate cuts. As demand...