Manual cutting equipment Market Size - By Technology type (Plasma, oxy-fuel, laser cutting, waterjet cutting carbon arc cutting), By Application (Construction, Heavy equipment fabrication, shipbuilding and offshore, automotive and transportation, others), By Distribution Channel (Direct, Indirect), & Forecast 2024 – 2032

Manual cutting equipment Market Size

Manual cutting equipment market was estimated at around USD 15.8 billion in 2023 and is anticipated to grow at a 5.1% CAGR from 2024 to 2032.The development of infrastructure and the expansion of industry are two major factors driving the need for manual cutting equipment. The need for manual cutting tools grows in direct proportion to the expansion and diversification of industrial sectors. These tools are necessary for shaping, altering, and creating a variety of materials that are utilized in the construction, automotive, aerospace, and industrial industries.

Furthermore, a lot of manuals cutting equipment is used in infrastructure development projects, such as when building roads, bridges, buildings, and utilities, to perform duties like cutting steel, concrete, and asphalt. The need for manual cutting tools is predicted to rise as governments throughout the world invest in infrastructure to promote urbanization and economic growth. Because of this, manufacturers in this industry stand to gain from rising consumer demand for their goods, which will propel market expansion.
 

Manual cutting equipment poses challenges due to the associated costs of skilled labor and the potential for inconsistencies in the cutting process. Skilled operators are required to operate manual cutting equipment effectively, leading to higher labor costs and challenges in training and retaining qualified personnel. In addition, manual cutting processes may result in variations in the accuracy and quality of cuts, leading to inconsistencies in the final products. On the other hand, automated cutting technologies offer solutions to these challenges by increasing efficiency, consistency, and safety while reducing labor costs.
 

Manual cutting equipment Market Trends

Recycled and sustainable materials are being used by manufacturers in their production processes more often. This trend reflects people's increasing knowledge of environmental issues and their desire to lessen the environmental impact of manufacturing. Manufacturers may reduce their carbon footprint and produce items that appeal to consumers who care about the environment by employing recycled and eco-friendly materials. This trend is probably going to continue as businesses work to satisfy customer demand for more environmentally friendly products and as more laws pertaining to environmental sustainability are implemented. The trend of shopping via e-commerce platforms continues to grow rapidly.
 

More consumers are opting to buy products online due to convenience, variety, competitive pricing, and flexible options. This trend has been accelerated by the COVID-19 pandemic, with safety concerns driving even more people to shop online. E-commerce is expected to remain a dominant force in retail as technology evolves and consumer preferences shift towards digital shopping experiences. Also DIY (Do-It-Yourself) culture is gaining momentum as people seek creative outlets, cost-saving solutions, and the satisfaction of making things themselves. From home improvement projects to arts and crafts, DIY activities are flourishing across various demographics. This trend is fueled by online tutorials, social media platforms, and a desire for personalization and self-expression.
 

Manual cutting equipment Market Analysis

The laser cutting equipment was reached USD 5.6 billion in 2023. This is mostly because of its many benefits over conventional techniques. Unmatched accuracy and precision make laser cutting possible, allowing for the precise and effective cutting of a wide range of materials with little waste. Its adaptability makes it useful for a variety of applications across sectors, as it can process a wide range of materials, including metals, plastics, wood, and composites. In addition, compared to other cutting techniques, laser cutting is renowned for its speed and efficiency, which increases productivity and reduces lead times. Furthermore, laser cutting produces very little heat, which lowers the possibility of material distortion or damage—especially with heat-sensitive materials.
 

Based on application, the automotive sector captured about 31% share of the manual cutting equipment market in 2023. In the automotive industry, manual cutting equipment is used for fabricating components such as frames, chassis, and body panels. The demand is driven by the tools' ability to provide precise cuts for manufacturing customized automotive parts. Manual cutting tools are essential for repair and restoration work in the automotive sector. The demand is influenced by the need for efficient cutting during vehicle repairs, bodywork, and customization.
 

Manual cutting equipment is crucial in the construction industry for cutting various materials such as metal, concrete, and masonry. The demand is driven by the versatility of these tools, allowing construction professionals to adapt to different project requirements. Heavy equipment fabrication demands precise cutting of materials like steel and alloys. Shipbuilding involves the fabrication of various components, including metal sheets and plates. The demand for manual cutting equipment is driven by its role in cutting and shaping materials for ship construction, repair, and maintenance.
 

North America region held around 19% share of the manual cutting equipment market in 2023. The robust and continuously growing construction industry in North America is a primary driver for manual cutting equipment. As construction projects, both residential and commercial, thrive in the region, the need for precise cutting tools increases. North America is a major hub for automotive manufacturing.
 

The demand for manual cutting equipment is driven by its use in fabricating components for the automotive industry, including cutting steel for frames, chassis, and body panels. With a significant maritime industry presence along both the Atlantic and Pacific coasts, the demand for manual cutting equipment in shipbuilding and offshore applications is notable. These tools are essential for cutting materials in the fabrication of ships and offshore structures.
 

Manual cutting equipment Market Share

Manual cutting equipment industry seem to be highly fragmented in nature due to presence of numerous local and global players across the globe. In 2023, the above list of dominant market players collectively held around substantial 15%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
 

Manual cutting equipment Market Companies

Major players operating in the manual cutting equipment industry include:

• Ador Welding Ltd.
• Air Liquide
• CERATIZIT S.A.
• Colfax Corporation
• DAIHEN Corporation
• Enovis
• Fronius International GmbH
• GCE Holding AB
• GENSTAR TECHNOLOGIES
• Hypertherm, Inc.
• ICS Cutting Tools, Inc.
• Illinois Tool Works Inc.
• Jet Edge, Inc.
• Kennametal Inc.
• Koike Aronson, Inc.
   

Manual Cutting Equipment Industry News

• In Dec 2020 Private equity firm Stratford Cambridge group acquired machinery company jet edge waterjet system from spell capital partners.
   
• In Feb 2022, Flame Technologies, Inc., a US-based producer of oxyfuel-related products, was purchased by Messer Cutting Systems. Messer Cutting Systems further solidifies its standing as a global supplier of oxyfuel, steel mill, and pre-heating solutions with the addition of Flame Tech.
   

This manual cutting equipment market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2018 to 2032, for the following segments:

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Market, By Technology type

• Plasma
• Oxy-Fuel
• Laser Cutting
• Waterjet Cutting
• Carbon Arc Cutting

Market, By Application

• Construction
• Heavy Equipment Fabrication
• Shipbuilding And Offshore
• Automotive And Transportation
• Others

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa