CNC Plasma Cutting Machines Market, By Type (Max Cutting Thickness 10 mm, Max Cutting Thickness 15 mm, Max Cutting Thickness 20 mm, Max Cutting Thickness 25 mm, Max Cutting Thickness 30 mm, and Max Cutting Thickness >30 mm), By Application (Automotive, Aerospace & Defence, Industrial Machinery, Shipbuilding & Offshore, and Electrical Equipment), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034.

Report Code: PMI340019 | Publish Date: January 2024 | No. of Pages: 180

Global CNC Plasma Cutting Machines Overview

Introduction:

CNC Plasma Cutting Machines Market was valued at US$ 5.3 billion in 2024 and is projected to grow at a CAGR of 14.6% to reach US$ 18.3 billion by 2034.
CNC Plasma Cutting Machines market is an industry that that manufactures, sells, and employs computer numerical control (CNC) equipment designed specifically for plasma cutting applications enabling precise and accurate cutting operations. These machines employ a CNC system to control the cutting process with a plasma torch, contributing to very precise and efficient operations. CNC Plasma Cutting Machines provide benefits like, increased productivity, fewer human errors, and increased effectiveness in operation.

CNC Plasma cutting machines are used in the manufacturing, automotive, and industrial construction industries, in the aerospace and defense sectors, as well as in the shipbuilding and offshore sector and also in manufacturing of electrical equipment, since they can cut metals efficiently and effectively in less time. The growth of manufacturing businesses is likely to increase demand for CNC plasma cutting machines in the market.

The CNC Plasma Machines Market is likely to experience significant expansion. Factors driving the market include a growing requirement for productive and economical cutting systems, an increase in demand for automated machinery, and increased industrialization in emerging markets. Furthermore, advances in plasma technology, such as the development of higher power plasma devices with faster cutting rates and capabilities, are driving market expansion.

To summarize, the market for CNC plasma cutting machines is dynamic, defined by advances in tech, a diverse range of applications, and an increasing demand for precision cutting solutions that can be applied to a variety of industries to ensure effective metal fabrication and component production. Technological advancements, fluctuations in commercial demand, and the constant drive for better efficiency and precision in metal cutting techniques all influence the market's overall growth trend.

Introduction - CNC Plasma Cutting Machine Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global CNC Plasma Cutting Machines Dynamics

CNC Plasma Cutting Machines Market Key Drivers:

  • Boosting demands in the automotive industry
The automobile manufacturing sector is one of the primary end-use markets for CNC plasma cutting machines. Communication services, access to shared space, and features improvement are the propelling drivers of the automotive sector. The need for CNC plasma cutting machines and cutting tools has skyrocketed as the automobile industry's income pool has expanded dramatically. To meet increased demand, automotive production will expand, necessitating CNC cutting equipment for manufacturers.
  • Rise in Industry 4.0 integration

The CNC plasma cutting machines market is witnessing exponential growth due to the implementation of Industry 4.0 technologies like cloud computing, Internet-Of-Things(Iot), and AI. These automated plasma cutting solutions have significantly reduced labor costs, increased accuracy and faster production speeds. Through Industry 4.0 technologies, automated repairs, artificial intelligence-based optimization of cutting processes, and real-time data analysis are made easier.

CNC Plasma Cutting Machines Market Restrains:

  • Lack of skilled labors

To use CNC plasma cutting machines, high-end operations are needed as the computer-generated designs are required. For this high level of dexterity and thorough knowledge of CAD/CAM software is needed. But since there is lack of skilled labor, the CNC Plasma Cutting Machines Market is undergoing through a downfall. Moreover, as demand for automotive applications has increased, so has the requirement for qualified individuals. However, the pervasive scarcity of experienced labor has significantly hindered the use of CNC-cutting equipment. due to the fact that there is a serious lack of competence in the industry, wages and compensation for competent workers have risen dramatically. As a result, a scarcity of competent professionals will limit global market growth throughout the projection period.

CNC Plasma Cutting Machines Market opportunities:

  • Demand of Precision 

The market for CNC plasma cutting machines has expanded significantly in recent years, mostly because to the rising need for accurate and high-quality cutting solutions in a variety of sectors, including aerospace, automotive, shipbuilding and metal fabrication. The market is anticipated to keep rising as a result of increasing industrialization and the demand for cutting technologies that are both effective and affordable. Their popularity is also being aided by technological developments, such as the use of automation and artificial intelligence in CNC plasma cutting machines. In addition, it is projected that the market would see positive growth possibilities in emerging economies due to the swift industrialization and infrastructural development occurring in these regions.

Recent Development:

  • In March 2023, Swift-Cut Automation, a producer of top-tier CNC plasma cutting equipment, was acquired by ESAB. Swift-Cut is a prominent maker of light industrial CNC plasma and waterjet cutting equipment situated in Birmingham, England. It allows fabricators of all sizes to employ CNC technology to go from manual to automated cutting processes, bringing metal cutting in-house and extending services.
  • In June 2022, The first Laser-Directed Energy Deposition (L-DED) machines, the Photon 1000H and Photon 1000R, powered by Meltio, were introduced by Bharat Fritz Werner Group in India. The business intends to commercially release these devices in India in both robotic and hybrid forms.
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Global CNC Plasma Cutting Machines Segmentation

CNC Plasma Cutting Machines Market is segmented based on Type, Application, and region.

Type Insight:

  • Max Cutting Thickness 10 mm:

This market segment serves the thin sheet metal production needs of the ornamental, home appliance, and electronics sectors. Due of their smaller size and lower cost, machines are usually within the reach of amateurs and tiny workshops. Cutting PCB boards, creating sheet metal enclosures, and creating creative metal patterns are a few examples.

  • Max Cutting Thickness 15 mm:

This resilient market sector provides services to a variety of industries, including furniture, construction, and machine manufacturing. Balanced machines are used for a variety of applications because they provide high cutting speed, precision, and cost-effectiveness. It is responsible for fabricating pieces such as furniture frames, machine guards, and structural elements.

  • Max Cutting Thickness 20 mm:

This section focuses on thicker metal projects for the agricultural, automotive, and shipbuilding sectors. Thick materials may be processed more effectively because to the stronger and more capable machinery, which comes with a greater investment cost. Among the examples are parts of heavy machinery, automobile frames, and ship panels.

  • Max Cutting Thickness 25 mm:

This category serves heavy-duty applications in the mining, infrastructure, and heavy machinery industries. The most powerful and costly tools are machines, which can precisely complete difficult jobs. Examples include the cutting of locomotive pieces, mining equipment parts, and bridge beams.

  • Max Cutting Thickness 30 mm:

This particular section deals with the heaviest metals found in the energy, defence, and shipbuilding industries. While there is little demand, large-scale projects call for strong, specially designed machinery. Cutting ship hulls, armour plating on tanks, and wind turbine components are a few examples.

  • Max Cutting Thickness >30 mm:

Similar to the Max Cutting Thickness 30mm, this section too deals with the heaviest metals in the automotive, shipbuilding and defence and aerospace industries. It has a very little demand in the market as it requires to manufacture huge parts of machineries, which are strong and tough.

In the market for CNC plasma cutting machines, the Max Cutting Thickness of 10 mm type has the most market share because of its adaptability and wide range of applications. Precision and power are balanced in this kind, which makes it appropriate for a variety of materials and industries. It can effectively manage different metal thicknesses, satisfying the requirements of both large- and small-scale businesses. The 10 mm type's cost-effectiveness in meeting various cutting needs is another factor contributing to its widespread use and market domination.

Application Insights:

  • Automotive:

Plasma cutting machines are mostly utilized in the automobile sector, where they are employed to cut metal components for practically all automotive systems, including airbag and fuel supply systems.

  • Aerospace and Defence:

This sector demands for high-precision cutting of parts for aircrafts and spacecraft, military vehicles and for weapon parts. Specialized CNC plasma cutting machinery handle bizarre substances such as titanium and composites while adhering to high quality and safety requirements.

  • Industrial Machinery:

This sector requires machines that are versatile, which meets all of the user’s demands like cutting, components for machinery, generators, and for constructions works. Automation and integration with industrial processes are key concepts in this sector.

  • Shipbuilding & Offshore:

This segment requires Precision cutting of massive, curved sections for ship hulls, platforms, and offshore constructions. High-power machines with gantry systems and sophisticated software meet the particular requirements of shipbuilding.

  • Electrical Equipment:

This sector deals with the demands from parts for transformers, switchgears and other electrical applications. These structures are complex and needs precision cuts in manufacturing their parts.

In the CNC plasma cutting machines market, the global automotive industry segment dominated the most due to the strong demand for automobiles and SUVs, the passenger vehicle segment. Consequently, the need for plasma cutting machines is being driven by the expanding global automotive sector, which is also boosting the market's expansion over the forecast period.

Regional Insights:

Regional Insights - CNC Plasma Cutting Machines Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

CNC Plasma Cutting Machines Market Regional Insights:

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to demand for CNC plasma cutting machines in this area by increased investment in the furniture, food processing, automotive, aviation, and automobile industries, as well as the presence of major market competitors. When it comes to investment in the automotive industry, the area has advanced.
  • Asia Pacific market holds the most superior and the largest revenue in the CNC Plasma Cutting Machines Market. This is due to the rising demand of products in countries like China, India and Japan. Growing industrialization has made requirements for the industry parts to be manufactured precisely and instantly. This has enabled the CNC Plasma Cutting Machines Market to flourish and gain its stance in the global market. Furthermore, rising government financing for end-user businesses across the area will boost market expansion over the next five years.
  • Europe market for CNC plasma cutting machines is expected to grow rapidly, owing to increased usage of cutting-edge technology and regional import and export activities. Aside from that, the region is a hub for the automotive industry due to leading manufacturers with large manufacturing capacities such as Audi, BMW, and Volvo.
  • Latin America market for CNC plasma cutting machines is expected to show positive growth curve due to increasing infrastructure and urbanization projects, emerging technologies, and rising hub for automotive industry.
  • Middle East & Africa market is expected to skyrocket due to the rising demand of automotive and construction industries. Furthermore, the continued building of distribution centers and logistics parks, as well as other relevant infrastructure projects in the Middle East, is expected to raise demand for CNC plasma cutting machines and the country's share of the worldwide market throughout the projection period.

 

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Report Scope:

Attribute

Details

Market Size 2024

US$ 5.3 billion

Projected Market Size 2034

US$ 18.3 billion

CAGR Growth Rate

14.6%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Max Cutting Thickness 10 mm, Max Cutting Thickness 15 mm, Max Cutting Thickness 20 mm, Max Cutting Thickness 25 mm, Max Cutting Thickness 30 mm, and Max Cutting Thickness >30 mm

By Application - Automotive, Aerospace & Defense, Industrial Machinery, Shipbuilding & Offshore, and Electrical Equipment

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the CNC Plasma Cutting Machines Market report based on Type, Application and region:

CNC plasma cutting machines market by Type:

  • Max Cutting Thickness 10 mm
  • Max Cutting Thickness 15 mm
  • Max Cutting Thickness 20 mm
  • Max Cutting Thickness 25 mm
  • Max Cutting Thickness 30 mm
  • Max Cutting Thickness >30 mm

CNC plasma cutting machines market by application:

  • Automotive
  • Aerospace and Defence
  • Industrial Machinery
  • Shipbuilding & Offshore
  • Electrical Equipment

CNC Plasma Cutting Machines Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global CNC Plasma Cutting Machines Key Players

The key players operating the CNC Plasma Cutting Machines Market includes, ESAB, Lincoln Electric, Inc., Hypertherm, Komatsu, Messer, Inc., Koike Aronson, Nissan Tanaka, Automated Cutting Machinery, C&G Systems, Asia Machine Group.

Global CNC Plasma Cutting Machines Company Profile

  • ESAB*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lincoln Electric, Inc.
  • Hypertherm
  • Komatsu
  • Messer, Inc.
  • Koike Aronson
  • Nissan Tanaka
  • Automated Cutting Machinery
  • C&G Systems
  • Asia Machine Group

“*” marked represents similar segmentation in other categories in the respective section

Global CNC Plasma Cutting Machines Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

CNC Plasma Cutting Machines Market, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Max Cutting Thickness 10 mm
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Max Cutting Thickness 15 mm
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Max Cutting Thickness 20 mm
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Max Cutting Thickness 25 mm
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Max Cutting Thickness 30 mm
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Max Cutting Thickness >30 mm
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

CNC Plasma Cutting Machines Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Automotive
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Aerospace & Defense
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Industrial Machinery
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Shipbuilding & Offshore
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electrical Equipment
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

CNC Plasma Cutting Machines Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • ESAB
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lincoln Electric, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hypertherm
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Komatsu
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Messer, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Koike Aronson
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nissan Tanaka
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Automated Cutting Machinery
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • C&G Systems
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Asia Machine Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The CNC Plasma Cutting Machines Market is segmented into Type, Application, and Region.

Driving factors include industrial automation, advancements in CNC technology, increasing demand for precision cutting, and growth in the manufacturing sector.

Challenges include high initial costs, the need for skilled operators, and potential limitations in cutting certain materials, affecting market adoption.

Global regions, with a focus on North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific, due to rapid industrialization, a strong manufacturing sector, and increasing investments in CNC machinery in countries like China and India.

The key players operating the CNC Plasma Cutting Machines Market includes, ESAB, Lincoln Electric, Inc., Hypertherm, Komatsu, Messer, Inc., Koike Aronson, Nissan Tanaka, Automated Cutting Machinery, C&G Systems, Asia Machine Group.