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    US Cutting Equipment Market

    ID: MRFR/IA - E/16685-HCR
    100 Pages
    Garvit Vyas
    October 2025

    US Cutting Equipment Market Research Report: By Cutting Technology (Plasma, Laser, Waterjet, Carbon- arc) and By End User (Automotive, Metal Fabrication, Construction, Aerospace and Defense, Shipbuilding, Others) - Forecast to 2035

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    US Cutting Equipment Market Infographic
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    US Cutting Equipment Market Summary

    The United States cutting equipment market is projected to grow significantly from 1.03 USD billion in 2024 to 2.81 USD billion by 2035.

    Key Market Trends & Highlights

    US Cutting Equipment Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 9.55 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 2.81 USD billion, indicating robust growth potential.
    • In 2024, the market is valued at 1.03 USD billion, reflecting a strong foundation for future expansion.
    • Growing adoption of advanced cutting technologies due to increasing demand for precision in manufacturing is a major market driver.

    Market Size & Forecast

    2024 Market Size 1.03 (USD Billion)
    2035 Market Size 2.81 (USD Billion)
    CAGR (2025-2035) 9.55%

    Major Players

    Torchmate, Parker Hannifin, Harris Products Group, Lincoln Electric, OxyFuel Technologies, Hypertherm, ESAB, Kjellberg Finsterwalde, 3M, Universal Laser Systems, Airgas, Miller Electric, Praxair, Cleveland Steel Tool, Victor Technologies

    US Cutting Equipment Market Trends

    The US Cutting Equipment Market is currently shaped by several key trends driven by advancements in technology and changing consumer needs. One significant trend is the increasing adoption of CNC (Computer Numerical Control) cutting equipment, which allows for more accurate and efficient cutting processes. Industries such as aerospace, automotive, and electronics are leveraging these technologies to improve their manufacturing precision and reduce waste, thus optimizing their operations.

    Market Segment Insights

    US Cutting Equipment Market Segment Insights:

    US Cutting Equipment Market Segment Insights:

    Cutting Equipment Market Cutting Technology Insights

    Cutting Equipment Market Cutting Technology Insights

    The Cutting Technology segment within the US Cutting Equipment Market encompasses various advanced techniques utilized for precision cutting across several industries. Each method, including Plasma, Laser, Waterjet, and Carbon-arc, exhibits distinct characteristics that cater to specific applications, thereby shaping the market landscape. Plasma cutting is known for its ability to create clean, precise cuts in materials like steel and aluminum, predominantly popular in industrial applications due to its speed and efficiency. Laser cutting technology stands out for its capability to produce intricate designs and is favored in sectors such as automotive and aerospace, where precision is critical.

    Waterjet cutting employs high-pressure water streams mixed with abrasives, making it versatile for cutting materials that are sensitive to heat, thus preserving material integrity.

    Carbon-arc cutting, while older, remains relevant in specific tasks that require heavy-duty cutting of thick materials, cementing its niche in the market. As industries seek to optimize their production processes, advancements in Cutting Technology lead to improved performance characteristics and reduced operational costs. This evolution is driven by the continuous development of cutting machines that incorporate automation, software integration, and enhanced safety features. The growth in sectors such as construction, automotive, and manufacturing supports the demand for effective cutting solutions, highlighting the significance of these cutting techniques.

    Market trends indicate a shift towards more energy-efficient and eco-friendly cutting technologies, as companies strive to adopt sustainable practices. Moreover, the increasing emphasis on customization in manufacturing leads to an upsurge in demand for cutting methods that allow for flexibility in design changes. Ultimately, the Cutting Technology segment is essential for maintaining competitive advantage across various industries by providing reliable, efficient, and cost-effective solutions to meet evolving market demands.

    Cutting Equipment Market End User Insights

    Cutting Equipment Market End User Insights

    The US Cutting Equipment Market has experienced notable growth within its End User segment, which encompasses various industries that rely heavily on cutting technologies. The automotive sector plays a crucial role, utilizing advanced cutting equipment for precision manufacturing and assembly, reflecting the industry's shift towards automation and efficiency. Metal fabrication also significantly influences the market, as it demands high-quality cutting solutions for producing parts and components across different applications. In construction, cutting equipment is essential for materials handling, ensuring structural integrity in various projects.

    The Aerospace and Defense sector requires cutting-edge technology, often necessitating specialized equipment to meet stringent safety and performance standards. Shipbuilding, another vital sub-sector, relies on cutting technologies for shaping and assembling complex vessel components efficiently. Each of these industries drives demand for innovative cutting solutions, showcasing the diverse applications and growth potential within the US Cutting Equipment Market. As technological advancements continue, opportunities for automation and improved precision present themselves, further enhancing these sectors' productivity and competitiveness.

    Get more detailed insights about US Cutting Equipment Market

    Key Players and Competitive Insights

    The competitive insights of the US Cutting Equipment Market reveal a dynamic landscape characterized by innovation, technological advancements, and a diverse range of players vying for market share. With the increasing demand for precision and efficiency in various industries such as manufacturing, construction, and metalworking, companies in this sector are continuously adapting their strategies to meet the evolving needs of customers. Market participants are focusing on enhancing product offerings through research and development, collaborations, and strategic partnerships.

    The competitive environment is intensified by factors such as pricing strategies, distribution channels, and the integration of automation and software solutions, which have become crucial for maintaining a competitive edge.

    As the industry matures, understanding the competitive forces at play will be paramount for stakeholders aiming to capitalize on market opportunities.Torchmate stands out in the US Cutting Equipment Market by leveraging its extensive experience and domain expertise. The company is particularly known for its reliable and user-friendly plasma cutting systems designed to meet the diverse needs of customers ranging from small fabrication shops to larger manufacturing enterprises. Torchmate has built a strong reputation for quality and performance, leading to a loyal customer base.

    Its commitment to producing rugged, high-quality machines, coupled with a focus on customer support and aftersales services, has significantly bolstered its market presence.

    Furthermore, Torchmate's adaptability in integrating advanced technologies and customization options allows it to cater to a wide range of applications, reinforcing its competitive position in an ever-evolving market landscape.Parker Hannifin also plays a significant role within the US Cutting Equipment Market, known for its robust portfolio of advanced technology solutions that include motion and control systems.

    The company provides a variety of cutting technologies optimized for efficiency and precision, thus addressing the diverse needs of industries such as aerospace, automotive, and metal fabrication. Parker Hannifin emphasizes innovation and supports market growth through consistent investment in research and development. Its market presence has been further strengthened by strategic mergers and acquisitions, allowing the company to expand its range of cutting equipment and enhance its service capabilities. The company's strengths lie in its ability to provide integrated solutions that combine cutting equipment with related automation and control features, ensuring customers receive comprehensive support.

    Overall, Parker Hannifin is well-positioned to continue its growth in the US Cutting Equipment Market by maintaining its focus on quality, efficiency, and delivering value through comprehensive solutions.

    Key Companies in the US Cutting Equipment Market market include

    Industry Developments

    In recent developments within the US Cutting Equipment Market, companies like Hypertherm and Lincoln Electric have seen significant growth attributed to the increasing demand for advanced cutting solutions across various industries including automotive and manufacturing. The market has been further stimulated by technological advancements, with Universal Laser Systems and ESAB launching innovative laser cutting technologies that enhance precision and efficiency.

    Notably, in November 2022, Harris Products Group announced the acquisition of a key competitor, expanding its product offerings and market reach. This acquisition has been viewed positively, allowing the company to strengthen its position in the increasingly competitive landscape. Additionally, Parker Hannifin has reported a favorable increase in market valuation, reflecting a broader trend of mergers and acquisitions, as companies seek to optimize their capabilities. The overall market is being impacted by heightened safety regulations and environmental considerations, pushing firms like OxyFuel Technologies and Miller Electric to innovate towards eco-friendly cutting solutions.

    Over the past few years, significant advancements have been noted, including advancements in plasma cutting technologies in early 2023, marking a transformative period for the industry.

    Market Segmentation

    Outlook

    • Automotive
    • Metal Fabrication
    • Construction
    • Aerospace and Defense
    • Shipbuilding
    • Others

    Report Scope

    Report Scope:
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 0.94(USD Billion)
    MARKET SIZE 2024 1.03(USD Billion)
    MARKET SIZE 2035 2.81(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 9.502% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED Torchmate, Parker Hannifin, Harris Products Group, Lincoln Electric, OxyFuel Technologies, Hypertherm, ESAB, Kjellberg Finsterwalde, 3M, Universal Laser Systems, Airgas, Miller Electric, Praxair, Cleveland Steel Tool, Victor Technologies
    SEGMENTS COVERED Cutting Technology, End User
    KEY MARKET OPPORTUNITIES Technological advancements in automation, Rising demand for precision cutting, Growth in construction and manufacturing sectors, Expansion of renewable energy projects, Increased focus on safety and efficiency
    KEY MARKET DYNAMICS increasing industrial automation, rising demand for precision tools, advancements in cutting technology, growing construction activities, regulatory compliance pressures
    COUNTRIES COVERED US

    FAQs

    What is the projected market size of the US Cutting Equipment Market in 2024?

    The US Cutting Equipment Market is expected to be valued at 1.03 billion USD in 2024.

    What will be the market size of the US Cutting Equipment Market by 2035?

    By 2035, the US Cutting Equipment Market is projected to reach 2.81 billion USD.

    What is the expected Compound Annual Growth Rate (CAGR) for the US Cutting Equipment Market from 2025 to 2035?

    The expected CAGR for the US Cutting Equipment Market from 2025 to 2035 is 9.502 %.

    Which cutting technology segment will have the highest market value in 2035?

    The Laser cutting technology segment is projected to have the highest market value at 1.05 billion USD in 2035.

    What are the expected market values for Plasma cutting technology in 2024 and 2035?

    The Plasma cutting technology is expected to be valued at 0.3 billion USD in 2024 and 0.85 billion USD in 2035.

    Who are the key players in the US Cutting Equipment Market?

    Major players in the US Cutting Equipment Market include Torchmate, Parker Hannifin, and Hypertherm among others.

    What is the projected market size for the Waterjet cutting technology in 2024?

    The Waterjet cutting technology segment is expected to be valued at 0.2 billion USD in 2024.

    How will the Carbon-arc cutting technology perform by 2035?

    The Carbon-arc cutting technology is projected to grow to a market value of 0.36 billion USD by 2035.

    What growth opportunities exist within the US Cutting Equipment Market?

    Opportunities for growth in the US Cutting Equipment Market include advancements in cutting technologies and increasing applications across various industries.

    What is the expected market size for the Laser segment in 2024?

    The Laser cutting segment is expected to be valued at 0.4 billion USD in 2024.

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