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Manual cutting equipment Market Share

Report ID: GMI8525
Published Date: Mar 2024
Report Format: PDF

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Manual cutting equipment Market Share

Global Company Market Share Analysis, 2023, (%)

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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of manual cutting equipment was reached around USD 16 billion in 2023 and is anticipated to grow at a 5.1% CAGR from 2024 to 2032, driven by the development of infrastructure sector and the rapid industrial expansion.

Automotive & transportation application segment held the dominant market share of around 31% in 2023 and is anticipated to grow through 2032, backed by the tools' ability to provide precise cuts for manufacturing customized automotive parts.

North America held around 19% share of the global manual cutting equipment market in 2023 and will record significant revenues by 2032, attributed to the robust and continuously growing construction sector in the region.

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., and Illinois Tool Works Inc.