The market for cutting equipment, accessories, and consumables will grow from 6.67 USD Billion in 2016 to 8.27 USD Billion by 2021, at a CAGR of 4.40%.
This market is growing due to increasing infrastructure and construction activities, manufacturing of automobiles, public expenditure from governments and production of crude steel.
Rising per capita income of the middle class has increased the purchasing power of the consumers, which has resulted in an increase in the number of new constructions and manufacturing, which resulted in higher usage of cutting equipment, accessories, and consumables.
The cutting equipment, accessories, and consumables market has been segmented on the basis of by technology, equipment, accessories and consumables, end-use industry and region.

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The Objectives of the Report are:
• To define, segment, and project the size of the cutting equipment, accessories, and consumables market on the basis of technology, equipment, accessories and consumables, end-use industry, and region
• To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically profile key players and comprehensively analyze their core competencies
• To track and analyze competitive developments, such as joint ventures, mergers & acquisitions, new product developments, and R&D in the cutting equipment, accessories, and consumables market

Target Audience
• Raw material suppliers and producers
• Regulatory bodies
• Cutting equipment, accessories, and consumables distributors/suppliers
• End-users. (Oil and gas industry, automobile industry, construction, F&B).

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The cutting equipment, accessories and consumables market has been segmented into accessories and consumables sectors. Rising cutting consumables requirement, owing to growing residential building construction and manufacturing activities is expected to positively impact this market.
Certain factors prevailing in the market hampered the growth of this industry; these factors included high costs of cutting equipment, accessories, and consumables and the difficulty in setting up the cutting equipment.
Mergers & acquisitions were the key strategies adopted by most players in the market. Companies such as Colfax Corporation. (U.S.), Lincoln Electric Company (U.S.), Illinois Tool Works Inc. (U.S), Air Liquide (France), and The Linde Group (Germany) were the key players that adopted these strategies to increase their geographical reach, product offerings, customer base, and to stay ahead of their competitors. Companies aimed to serve the market efficiently by investing in R&D activities and introducing new products to keep up with the changing consumer needs.

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