What is the Cutting Machine Market Size?
According to 6Wresearch internal database and industry insights, the Cutting Machine market was valued at USD 4.1 billion in 2024 and is anticipated to exceed USD 6.3 billion by 2031, registering a steady at a CAGR of 6.3% during the forecast period.
The cutting machine market is experiencing notable change due to rising demand from locomotive, construction, electronics, and manufacturing areas. The increase in implementation of automated solutions and precision engineering across various industries, the market is being driven by the need for enhanced efficiency and product quality. Technological advancements in CNC and laser cutting, alongside the shift toward Industry 4.0, are also acting as key enablers of market expansion.
Major Growth Factors of the Cutting Machine Market
- There has been rising demand for precision engineering
- There has been increased automation across industries
- Technological advancements in cutting tools
- This market is experiencing growth in manufacturing and fabrication sectors
- The market is expanding in construction and infrastructure activities
- Rising investments in metalworking and sheet processing
- Emergence of Industry 4.0 and smart factories
- Rising application in automotive and aerospace sectors
Cutting Machine Market Trends
The cutting machine market is undergoing a shift toward high-speed, high-accuracy technologies such as fibre lasers and waterjet systems. There is a growing trend toward integrating AI and IoT for predictive maintenance and process optimization. The demand for eco-friendly and energy-efficient machines is also rising, leading manufacturers to develop sustainable solutions. Portable and compact cutting machines are gaining traction for small-scale and on-site applications.
Emerging Developments in the Cutting Machine Market
The cutting machine market is seeing the integration of cloud-based platforms for remote monitoring and control. Hybrid cutting technologies combining multiple functions in one system are being developed to improve flexibility and productivity. Companies are also investing in R&D for smart cutting systems equipped with sensors and real-time analytics. Strategic collaborations and mergers are on the rise to enhance product offerings and expand market presence.
Major Companies in the Cutting Machine Market
- Mitsubishi Electric Corporation
- TRUMPF Group
- Amada Co., Ltd.
- Bystronic Laser AG
- Hypertherm Inc.
- Lincoln Electric Holdings, Inc.
- ESAB Corporation
- DMG MORI CO., LTD.
How big is the Cutting Machine Market : FAQ's
The cutting machine market is valued at USD 4.1 billion in 2025 and is projected to reach USD 6.3 billion by 2031.
The cutting machine market is expected to grow at a CAGR of 6.3% from 2025 to 2031.
Key drivers of cutting machine market include rising demand for automation, technological advancements in cutting systems, and growth in industrial manufacturing.
Current trends of cutting machine market include the adoption of smart, AI-enabled machines, eco-efficient systems, and multifunctional hybrid technologies.
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