Home > Industrial Machinery > Industrial Equipment > Plasma Cutting Machine Market

Plasma Cutting Machine Market Share

Report ID: GMI8984
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Plasma Cutting Machine Market Share

Global Plasma Cutting Machine Company Market Share Analysis, (2023)

The key players operating in the market are Stürmer maschinen GmbH, Miller Electric Mfg, DAIHEN Corporation, ESAB, and The Lincoln Electric Company all together comprises a market share of 20 - 25% in 2023. The market is highly fragmented as it has a large number of companies competing for market share, with no single player dominating the landscape. The market offers various plasma cutting machines, from handheld manual options to CNC automated machines, catering to different needs and budgets. This opens the door for specialization among manufacturers.

Plasma Cutting Machine Market Companies

Major players operating in the plasma cutting machine industry include:

ACM Inc.
Ador Welding Ltd.
AJAN ELEKTRONIK
C & G Systems
ERMAKSAN
ESAB Welding and Cutting Products
DAIHEN Corporation
Haco
Hypertherm, Inc.
Jian Huaxia Machinery Equipment Co. Ltd.
Kjellberg Finsterwalde Plasma und Maschinen GmbH
Koike Aronson
Komatsu cutting systems
Lincoln Electric Holdings, Inc.
Miller Electric Mfg
Sturmer maschinen gmb
Victor Technologies, International, Inc.
Voortman Steel

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market valuation of plasma cutting machine was reached USD 770.6 million in 2023 and will demonstrate a 5.7% CAGR between 2024 and 2032, owing to the increasing demand for efficient and precise metal cutting solutions across various industries.

The CNC machine type segment in the plasma cutting machine market registered USD 419.1 million in 2023 and will reach USD 722 million by 2032, attributed to its unparalleled precision, efficiency, and versatility in automotive, aerospace, and metal fabrication.

Asia Pacific plasma cutting machine industry secured 37.5% revenue share in 2023 and will record USD 533 million by 2032, driven by rising investments in infrastructure development, coupled with expanding manufacturing and automotive sectors.

Major plasma cutting machine companies are Ador Welding Ltd., AJAN ELEKTRONIK, C & G Systems, ERMAKSAN, ESAB Welding and Cutting Products, DAIHEN Corporation, Haco, Hypertherm, Inc., Koike Aronson, Komatsu cutting systems, Lincoln Electric Holdings, Inc., among others.