Metal Cutting Machine Market

Metal Cutting Machine Market Outlook (2023 to 2033)

The global metal cutting machine market is valued at around US$ 7.7 billion in 2023 and is forecasted to expand at a CAGR of 6% to reach US$ 13.7 billion by the end of 2033.

Metal cutting machines (MCMs) are widely utilized in several end-use industries to produce finished goods with the necessary geometry by cutting various types of ferrous and non-ferrous metals. It provides the finished goods with various benefits, such as complex shape, best surface texture or finishing, and greater dimensional precision. Over the forecast period, rising demand for advanced mechanized metal cutting machines is set to substantially drive market growth.

• Yamazaki Mazak Corporation is a Japanese company that offers a wide range of metal cutting machines such as CNC lathes, machining centers, and laser cutting machines. The company has a strong presence in the global market and has several manufacturing facilities across the world.

Growing popularity of CNC metal cutting machines due to their benefits such as their high efficiency, transparency, cost- and time-saving capabilities, and the growing need for effective machinery in crucial and complex machine component requirements are also influencing sales of metal cutting tools. Oxy-fuel cutting machines are widely utilized because they offer precise cuts at a fast rate of speed at a relatively low cost.

Laser cutting machines, waterjet cutting machines, plasma cutting machines, and flame cutting machines are some of the types of metal cutting machines. Demand for laser cutting machines is increasing at a rapid pace. This can be due to these tools being used to cut various ferrous and non-ferrous metals, enabling fabricators to produce constructions of the highest quality. Many benefits, including great precision, adaptability, speed, repeatability, and outstanding quality, are provided by laser cutting machines.

Waterjet cutting machines can function safely in an industry, facility, or firm since they are designed for security and safety and are equipped with cameras, lasers, and other sensors. The productivity of many industries is increased due to waterjet cutting machines as they aid in lowering production costs and operational downtime. As a result, it is predicted that throughout the projected period, this factor will greatly boost sales of waterjet metal cutting machines.

Waterjet cutting machines can function in environments where man force cannot operate manually or where they cannot function efficiently, such as in extremely cold temperatures or near hazardous materials. As a result, manufacturing companies highly demand high-pressure waterjet cutting machines.

Growing adoption of Industry 4.0 technologies is generating several growth opportunities in the metal cutting machine market. The use of smart manufacturing technologies in several industries for the process of product creation and manufacture is also driving the sales of highly-efficient metal cutting machines.

Report Attributes	Details
Metal Cutting Machine Market Size (2023E)	US$ 7.7 Billion
Forecasted Market Value (2033F)	US$ 13.7 Billion
Global Market Growth Rate (2023 to 2033)	6% CAGR
Leading Regional Market	North America
Key Companies Profiled	Trumpf Amada Co., Ltd. Bystronic Laser AG WARDJet Koike Aronson, Inc. Nissan Tanaka Corporation Lincoln Electric Holdings, Inc. Water Jet Sweden AB Flow International Corporation Coherent Inc. Messer Cutting Systems. Omax Corporation Boye Laser Applied Technology Co., Ltd. Han’s Laser Technology Industry Group Co., Ltd.

Which Market Dynamics are Benefitting Suppliers of Metal Cutting Machines?

“Rapid Spread of 3D Printing Technologies”

In recent years, additive manufacturing has seen an incredible rise in popularity worldwide due to the rising development and introduction of breakthrough technologies in the machine tools market. Due to its efficient time optimization and affordable manufacture, 3D printing is predicted to become the manufacturing method of choice for prototypes in various industries in the coming years.

3D printing offers advantages such as optimal raw material use, waste reduction, and simplicity of production of various complicated geometries. Thus, the introduction of 3D printing technologies in metal cutting machines is expected to boost demand growth in the coming 10 years.

Cutting sheet metal is a crucial step in industries such as electronics, aircraft, automotive, and marine. The ongoing developments in digital technology, particularly in embedded systems, together with an innovative focus on additive manufacturing, smart robotic systems, and computerized monitoring and control are aiding in advancing machine cutting tools. Several computerized numerical control (CNC) machines such as plate laser cutting machines, laser plate cutting machines, CNC sheet cutting machines, gear cutting machines, and more are playing a vital role in the production process.

“Ever-growing Need for Automation in Manufacturing Industries”

The use of advanced manufacturing systems for production processes and product innovation is growing as a result of the need for mechanization in industries. This is can be due to the advantages such as enhanced productivity, better product quality, and simplicity in handling labour shortages.

A paradigm transition from traditional approaches to intelligent, networked, and streamlined machine systems may emerge in manufacturing and machinery operations. The advantages of Industry 4.0 technologies for manufacturers include effective energy use, improved and autonomous virtual metrology, operating cost savings, and improved human-machine interfaces.

In the manufacturing industry, quality control is crucial and directly relates to the tools utilized. Through the use of automated virtual metrology (AVM) systems, Industry 4.0 solutions offer a real-time quality assurance process. Furthermore, it is anticipated that real-time quality assurance would lead to a greater uptake of cutting machine tools.

Why Do Small-Scale Manufacturing Companies Prefer Conventional Metal Cutting Machines?

“Advanced Machines Expensive to Purchase and Maintain”

To save high labour costs, boost productivity, and improve process optimization across their entire functioning, many manufacturing organizations are concentrating on automating production processes within their facilities. However, the entire procedure calls for the purchase, setup, and prompt maintenance of all kinds of tools.

Along with advancements, the pricing and maintenance of machines increase, which is expected to be a financially challenging factor for small-scale industries. Furthermore, the ongoing war between Russia & Ukraine is disturbing the supply and procurement of raw materials, hampering the growth of the market for metal cutting machines.

Which Strategy Can Aid Newcomers in Earning High Revenue?

“Need for Improved Cutting Machines at Affordable Rates”

Launching a start-up in the metal cutting machines sector can be a lucrative business opportunity, given the growing demand for these machines in various industries. However, like any other business, it requires careful planning and execution.

In the metal cutting machine industry, potential customers include small and medium-sized enterprises (SMEs), large manufacturing companies, and other industries such as automotive, aerospace, and defense. It's important to understand the specific needs of these industries and tailor products and services accordingly.

Along with advancements in metal cutting tools, newcomers should focus on introducing machines at affordable rates. Small-scale manufacturing industries have limited financial budgets and they cannot afford to buy advanced cutting machines at higher prices.

Country-wise Analysis

Why are Metal Cutting Tools Highly Demanded in the United States?

“High Use in Production of Aerospace & Defense Products”

Defense and aerospace facilities in the United States are having a high demand for metal cutting tools. In the coming years, it is predicted that rising military spending and passenger volume would stimulate the country's defense and commercial aircraft manufacturing.

In terms of manufacturing and infrastructure of aerospace & defense products, the United States holds a major position globally. Growing demand for aerospace & defense products from both commercial and military end users is boosting sales of metal cutting tools. The world's top exporter and manufacturer of defense products is the United States.

• The budget approval for the Department of Defense (DoD) for FY 2022 was roughly US$ 722 billion, a rise of US$ 17 billion from US$ 705 billion in FY 2020. The President's budget request for the DoD for FY 2023 was US$ 773 billion. The budget is focused mostly on breakthroughs to enhance the country's competitiveness as well as modernizing capabilities in the air, sea, and ground warfighting domains.

Why is Demand for Metal Cutting Machines Increasing Swiftly in Germany?

“Presence of Key Market Players and Rising Demand for Advanced Vehicles”

Germany's robust automobile and manufacturing industries are significantly boosting demand for metal cutting machines. Over the next ten years, sales of metal cutting machines are anticipated to be driven by factors such as the rising adoption of energy-efficient solutions and increasing demand for electronic vehicles.

The market for metal cutting machines in Germany is highly profitable, with the presence of several major players such as Trumpf, DMG Mori Aktiengesellschaft, and others. These companies are focusing on the development of new and innovative machines to meet the increasing demand from various industries.

• Trumpf launched its new TruLaser Tube 3000 fiber machine in 2020, which offers high-speed cutting and is suitable for various applications such as automotive and medical.

Why are Manufacturers of Metal Cutting Machines Eyeing India?

“High Scope in Metal Fabrication Sector Due to Rapid Industrialization”

Rapid urbanization & industrialization in India is boosting demand for metal cutting machines. India is becoming a hub for high-tech manufacturing industries, especially electronics, automotive, and defense.

With the increasing use of robotics and automation in manufacturing processes, there is a growing need for precision and accuracy in metal cutting operations. Metal cutting machines, especially CNC machines, offer high precision, making them an essential tool in modern manufacturing. Increasing demand from the automotive and metal fabrication industries is creating lucrative prospects for metal cutting machine suppliers in India.

Category-wise Analysis

How are Automobile Companies Driving Sales of Metal Cutting Machines?

“Laser Machines Vital Tool for Cutting Automotive Parts in Accurate Shapes & Sizes”

To obtain high-quality edges and cuts, firms in the automotive industry are utilizing various cutting methods. Given the upward trend in the worldwide automobile industry, the need for metal cutting machinery in this sector is expanding. Cutting tools are widely used to create automotive car parts, structures, etc., and have a sizable market share in the sector.

Several steps included in the production of an automobile are carried out using laser cutting machines. Metal cutting machine producers are under pressure from the automobile industry's dynamic environment to meet standards and develop specialized cutting tools.

Cutting tools and technologies are also used by independent fabrication businesses as well as suppliers of automobile parts. The introduction of automatic metal cutting machines is gaining popularity in the automobile sector.

Competitive Landscape

Automatic metal cutting machines are developing in response to their rising demand, and companies in the metal cutting machine market are increasing their R&D spending to acquire a competitive edge in terms of manufacturing effectiveness, product cost, and product capabilities.

According to Fact.MR, a market research and competitive intelligence provider, key players in the metal cutting machine market are focusing on the regional expansion of their business, collaborations with local & international players, and building strong distribution networks across the globe. These tactics may help them to enhance their product folio, acquire more shares, and hold a major position.

Metal Cutting Machine Industry Research Segmentation

• By Product :

  • Laser Cutting Machines
  • Waterjet Cutting Machines
  • Plasma Cutting Machines
  • Flame Cutting Machines

• By Application :

  • Automotive
  • Fabrication & Industrial Machinery Manufacturing
  • Marine
  • Aerospace & Defense
  • Construction

• By Distribution Channel :

  • Online
  • Offline

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA