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Cutting Equipment, Accessories & Consumables Market by Equipment, Accessories, Consumables, Technology, End-Use - Global Forecast to 2021

Cutting Equipment: Global Forecast until 2021

  • August 2016
  • 295 pages
  • ID: 4100739
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"Growing construction industry, new orders in manufacturing sectors and public expenditure from government to drive the industry for cutting equipment, accessories, and consumables across the world"

The overall market for cutting equipment, accessories, and consumables is forecasted to grow from ~$6.7B in 2016 to ~$8.3B by 2021, at a compound annual growth rate of ~4.4 percent. Increase in the construction industry overall the globe, uptick of consumer spending, full capacity utilization of the manufacturers, and rise in automobile sales have played a huge role in providing the necessary momentum to the cutting equipment, accessories, and consumables market after the economic slowdown.

"The mechanized cutting equipment segment maintains a big market share and is anticipated to gain maximum traction during the estimate period"

The mechanized cutting equipment segment is intended to be the quickest-growing segment in the cutting equipment, accessories, and consumables market, by equipment, for the upcoming five years. The main increase drivers for the mechanized cutting equipment segment in this sector are the manufacturing market and the steel industry; the steel industry plays a vital role as steel is consumed in the construction industry, fabrication, and the manufacturing sector.

"APAC recorded for the biggest market share in 2015"

The sector for cutting equipment, accessories, and consumables has been divided on the basis of area into North America continent, Europe (EU), Asia-Pac, and RoW. Asia Pacific (APAC) recorded for the biggest share of the total demand generated by the cutting equipment, accessories, and consumables market in 2015 because of the willingness of firms in the territory to take up capital-intensive projects, together with the availability of technical expertise. The Asia Pacific (APAC) area is forecasted to be the quickest developing market for cutting equipment, accessories, and consumables during the outlook period, due to the growing economy and the fast growth in the infrastructure market.

Key players' distribution profiles:

Primary Q&A were managed with a number of industry experts, in order to gather info associated to distinct aspects of cutting equipment, accessories, and consumables. The classification of primaries interviews is like:

- By Company Type: Tier 1 - 31.0 percent, Tier 2 - 33.0 percent, and 1/3 3 - 36.0 percent

- By Description: C-suite - 18.0 percent, D-level - 44.0 percent, and Others - 38.0 percent

- By area: North america (NA) - 20.0 percent, Europe - 16.0 percent, Asia-Pacific - 47.0 percent, and rest of the world - 17.0 percent

The objectives of the report are:

- To define, segment, and project the size of the cutting equipment, accessories, and consumables market based on technology, equipment, accessories and consumables, end-use sector, and area

- To offer info about the main key factors influencing the increase of the market (drivers, market restraints, alternatives, and market-specific challenges)

- To strategically profile top players and globally analyze their core competencies

- To track and analyze competitive developments, including joint ventures, mergers & acquisitions, new industry product developments, and Research and development in the cutting equipment, accessories, and consumables market

Target audience

- Raw material suppliers and producers

- Regulatory bodies

- Cutting equipment, accessories, and consumables distributors/providers

- End-users. (Oil and gas sector, automobile industry, construction, F&B).

By area:

- North america (NA)

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