Sheet Metal Processing Market Research

The global metal cutting machine market size was valued at USD 6.17 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2020 to 2027. Rising demand for highly-efficient metal cutting machines from various application industries, including automotive, aerospace and defense, electronics, and marine, is expected to be the key driving factor over the forecast period.

Metal cutting machines are extensively used in various application industries to cut different types of ferrous and non-ferrous metals to produce a finished product of desired geometry. It provides multiple advantages to the finished products, including surface texture or finish, closer dimensional accuracy, complex shaping, and required size. Growing demand for advanced mechanized metal cutting machines is likely to propel the market growth over the forecast period.

Key Companies & Market Share Insights

The global market comprises both regional and international players engaged in the designing, manufacturing, and distribution of various types of metal cutting machines. Key players aim to widen their presence and achieve optimum growth in the market through various strategies such as partnerships, acquisitions, agreements, and capacity expansion. The buyers in the market are also encouraged by the increasing need for innovative mechanized metal cutting machines to reduce safety and health issues for machine operators. The competitive environment is quite intense, with several players providing energy-efficient and customized metal cutting machines at competitive prices. Some of the prominent players in the metal cutting machine market include:

• TRUMPF
• AMADA Co., Ltd.
• Colfax Corporation
• 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