Cutting Equipment, Accessories & Consumables Market to reach 8.27 USD Billion by 2021


Posted September 30, 2016 by rakesh_mishra

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

 
The report "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", The cutting equipment, accessories, and consumables market size is estimated to grow from USD 6.67 Billion in 2016 to USD 8.27 Billion by 2021, at a CAGR of 4.40%. Factors such as increase in demand in Asia-Pacific and grow in demand from the end-use industries such as residential, commercial, institutional, infrastructure, industrial, and marine are some of the drivers for the growth of the cutting equipment, accessories, and consumables market.

http://www.marketsandmarkets.com/Market-Reports/cutting-equipment-accessories-consumable-market-257722973.html

Browse 342 market data Tables and 48 Figures spread through 295 Pages and in-depth TOC on "Cutting Equipment, Accessories & Consumables Market - Global Forecast to 2021"

MarketsandMarkets projects that 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. On the basis of technology, plasma cutting was the most widely used technology for cutting equipment, accessories, and consumables; it is a low-cost technology and is readily available, owing to which, it accounted for the largest market share in 2015.

On the basis of key regions, the market for cutting equipment, accessories, and consumables has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is estimated to have the highest share and projected to grow at the highest rate from 2016 to 2021, as the countries in this region are expected to achieve high growth in the construction and automobile sector, thus triggering a huge demand for this market.

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

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Markets and Markets
Country India
Categories Business , Industry
Tags cutting equipment , cutting equipment market , accessories consumables market , plasma cutting machine
Last Updated September 30, 2016