Manual Cutting Equipment Market Size, Share, Trends and Forecast To 2032

Manual Cutting Equipment Market Insights

According to the report published by Zion Market Research, the Global Manual Cutting Equipment Market was valued at USD 4.68 billion in 2023 and is predicted to reach USD 7.30 billion by the end of 2032. The market is expected to grow with a CAGR of 5.18% during the forecast period.

This study provides an analysis of the growth drivers, growth restrictions, and influence on demand that are associated with the Global Manual Cutting Equipment Market over the time of forecasting. Additionally, it will assist in navigating and investigating the possibilities that are becoming available in the Manual Cutting Equipment Market market.

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Global Manual Cutting Equipment Market: Overview

Cutting equipment is usually utilized as thermoplastics as well as in cutting metals. The process of cutting can be done with the help of single point tools or multi point tools. Multiple methods of cutting technologies are implemented in industries, for example, laser cutting technology, oxy cutting technology, and plasma cutting technology.

Global Manual Cutting Equipment Market: Growth Factors

The escalating demand for manual cutting equipment in the fabrication sector has been one of the key trends promoting the growth of the global manual cutting equipment market. The availability of skilled labor at low costs across industries such as manufacturing, automotive, construction, and shipbuilding has been driving the global manual cutting equipment market forecast. The comparatively higher costs of mechanized cutting equipment are a factor that has led to several end-user industries opting for the cheaper alternative available on the market.

Despite the negative impact of the COVID-19 pandemic in the year 2020, demand will gradually ascend as the transportation sector has been undergoing rapid advancements. The farming, railway, and mining industries have also been increasingly deploying heavy manual cutting equipment. Since numerous automobile manufacturers have been attempting to stay ahead of their game by utilizing state-of-the-art technologies, a preference for high quality cuts, edges, and other assemblies has been pushing the global manual cutting equipment market outlook positively. From the perspective of growth, the global manual cutting equipment market is projected to flourish further as a greater number of suppliers opt for manual cutting equipment.

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Global Manual Cutting Equipment Market: Segmentation

The global manual cutting equipment market has been differentiated into application, technology type, and region.

On the basis of application, the global manual cutting equipment market can be categorized into heavy equipment fabrication, automotive & transportation, shipbuilding & offshore, and construction.

The automation and transportation industry is expected to exhibit an increased demand for manual cutting equipment during the forecast period. This is because suppliers are implementing multiple cutting technologies to acquire high-precision cuts, edges, and other associated fabrication work.

The automation & transportation segment is predicted to account for a huge market share and possess a large market valuation over the upcoming years.

Another segment that is significantly contributing towards market expansion is the heavy equipment fabrication segment. This segment is estimated to account for the second-largest market share. Cutting equipment is usually utilized in rails & cargo transport, mining, and farming in heavy equipment fabrication. The implementation of manual cutting equipment in the construction sector is also growing. However, the shipbuilding & off shore segment is estimated to grow at a high and steady CAGR over the forecast timeline.

Based on technology type, the global manual cutting equipment market has been bifurcated as oxy-fuel, waterjet cutting, plasma cutting, laser cutting, and carbon arc cutting.

In terms of technology type, the plasma cutting segment will manifest a higher CAGR during the upcoming years, This is attributable to the growing need for plasma cutting equipment globally due to the surging automation in industries for acquiring products that take less manufacturing time and are of better quality & consistency.

Manual Cutting Equipment Market: Report Scope

Global Manual Cutting Equipment Market: Regional Analysis

North America dominated the global manual cutting equipment market, thanks to the fully developed construction sector and high implementation of cutting-edge technology in other industries such as automation & transportation and shipbuilding & offshore. Canada and the US have been some of the foremost adopters of manual cutting equipment and are likely to represent a large portion of the market share by 2026. The growth of these two regional markets is certain due to the flourishing shipbuilding industry in the region.

Asia Pacific will exhibit the highest growth rates in the near future, as the region has indicated significant adoption of manual cutting equipment in multiple industries for different applications. India, Australia, and South Korea are some of the fastest growing markets in the region, owing to the presence of a strong industrial sector. China is likely to dominate the manual cutting equipment market share in Asia Pacific through the forthcoming years.

Global Manual Cutting Equipment Market: Competitive Players

The major companies dominating the global manual cutting equipment market include

• Stanley Black & Decker, Inc.
• ICS Cutting Tools, Inc.
• J.C. Bamford Excavators Limited
• Snap on
• Hilti Corporation
• Robert Bosch GmbH
• Makita Power Tools India Pvt. Ltd.
• Hitachi Koki Co., Ltd.
• Otto Baier Gmbh
• Klein Tools, Inc.

The Global Manual Cutting Equipment Market is segmented as follows:

By Application

• heavy equipment fabrication
• automotive & transportation
• shipbuilding & off shore
• construction.

By Technology Type

• oxy-fuel
• waterjet cutting
• plasma cutting
• laser cutting
• carbon arc cutting

Global Telecom Service Assurance Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials are given to companies to fortify their foothold in the market.