Cutting Equipment, Accessories, and Consumables Market is projected to grow from USD 6.67 billion in 2016 to USD 8.27 billion by 2021, at a CAGR of 4.40%. Growth in the construction industry throughout the world, uptick of consumer spending, full capacity utilization of the manufacturers, and increase 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.
Complete report on Cutting Equipment, Accessories, and Consumables Market spread across 295 pages, profiling 18 companies and supported with 342 tables and 48 figures is now available at http://www.reportsnreports.com/reports/666347-cutting-equipment-accessories-consumables-market-by-equipment-manual-mechanized-accessories-gas-regulators-gas-filters-consumables-shielding-oxy-fuel-gases-technology-plasma-oxy-fuel-laser-end-use-global-forecast-to-2021.html
The mechanized cutting equipment segment is projected to be the fastest-growing segment in the cutting equipment, accessories, and consumables market, by equipment, for the next five years. The main growth drivers for the mechanized cutting equipment segment in this market are the manufacturing industry and the steel industry; the steel industry plays a vital role as steel is consumed in the construction industry, fabrication, and the manufacturing industry.
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The market for cutting equipment, accessories, and consumables has been segmented on the basis of region into North America, Europe, Asia-Pacific, and RoW. Asia-Pacific accounted for the largest share of the total demand generated by the cutting equipment, accessories, and consumables market in 2015 because of the willingness of companies in the region to take up capital-intensive projects, along with the availability of technical expertise. The Asia-Pacific region is projected to be the fastest-growing market for cutting equipment, accessories, and consumables during the forecast period, owing to the rising economy and the rapid growth in the infrastructure sector.
This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (31%); Tier 2 (33%) and Tier 3 (36%) companies were contacted for interviews. The interviews were conducted with various key people such as C level (18%), Director Level (44%), and Others (38%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (20%), Europe (16%), Asia-Pacific (47%) and other (17%).
The various suppliers of cutting equipment, accessories, and consumables and related products in the report are as Colfax Corporation. (U.S.), Lincoln Electric Company. (U.S.), Illinois Tool Works Inc. (U.S.), Air Liquide (France), BOC. (U.K.), GCE Holding AB (Sweden), Koike Aronson Inc. (U.S.), Fronius international GMBH (Austria), The Linde group (Germany), Messer group (Germany), Matheson tri-gas Inc. (U.S.), Bug-O (U.S.), Gentec (China), Muller (Germany), Afrox (South Africa), Cavagna group (Italy), Rotarex (Luxemburg), GasIQ (Sweden), Yildiz ( Istanbul), Hypertherm (U.S.).
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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