Global Gas Cutting Machine Market 2017-2021
About Gas Cutting Machine
A gas cutting machine uses heated fuel gases and oxygen at extremely high temperature to cut through metal sheets, which may range from 0.5 mm to 255 mm in thickness. The machine has extensive industrial applications, and the process is cost effective and can be executed both manually or through mechanized means.
Technavio’s analysts forecast the global gas cutting machine market to grow at a CAGR of 0.94% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global gas cutting machine market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Gas Cutting Machine Market 2017-2021
Technavio recognizes the following companies as the key players in the global gas cutting machine market: ESAB, Hornet Cutting Systems, Koike Aronson, Messer Cutting Systems, and NISSAN TANAKA.
Other Prominent Vendors in the market are: Ador Welding, ARCBRO CNC CUTTING MACHINE, ESPRIT AUTOMATION, Haco, Harris Products Group, Shangai Welding & Cutting Tool Works, SteelTailor, and Voortman Steel Machinery.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological developments in CNC solutions. Due to the increasing business competition, several organizations are shifting away from the traditional way of working in an office and instead, working from remote locations such as homes via smartphones and laptops. It is estimated that, on an average, a person spends 40% of his time away from the desk.”
According to the report, one driver in the market is positive impact on CAPEX and OPEX. Many alternative technologies like plasma cutting, waterjet cutting, and laser cutting offer several advantages when compared with the gas cutting technique; however, the initial investment plays a key role in choosing the type of equipment to be purchased and installed. For instance, the initial investment in installing a plasma cutting machine is approximately six times higher than a gas cutting machine.
Further, the report states that one challenge in the market is limitations of the gas cutting technique. Gas cutting machines are primarily used to cut ferrous metals, and they are widely used in manufacturing industries like automotive, aerospace, shipbuilding, and machine tools. Among the above-mentioned end-user industries, automotive and aerospace together account for the major share of the global gas cutting machine market.
ESAB, Hornet Cutting Systems, Koike Aronson, Messer Cutting Systems, NISSAN TANAKA, Ador Welding, ARCBRO CNC CUTTING MACHINE, ESPRIT AUTOMATION, Haco, Harris Products Group, Shangai Welding & Cutting Tool Works, SteelTailor, and Voortman Steel Machinery.
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