| Product Code: ETC5227563 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for cutting machinery and equipment saw a notable growth rate of 30.1% from 2023 to 2024, with a compound annual growth rate (CAGR) of 49.53% for the period of 2020-2024. This surge in imports can be attributed to the country`s increasing industrialization efforts and a growing emphasis on modernizing manufacturing processes to enhance productivity and competitiveness.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Cutting Machinery and Equipment Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Cutting Machinery and Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Cutting Machinery and Equipment Market - Industry Life Cycle |
3.4 Armenia Cutting Machinery and Equipment Market - Porter's Five Forces |
3.5 Armenia Cutting Machinery and Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Armenia Cutting Machinery and Equipment Market Revenues & Volume Share, By Technology Type, 2021 & 2031F |
3.7 Armenia Cutting Machinery and Equipment Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Armenia Cutting Machinery and Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for precision cutting in industries such as automotive, aerospace, and electronics. |
4.2.2 Technological advancements leading to the development of more efficient and automated cutting machinery. |
4.2.3 Government initiatives to promote manufacturing and industrial growth in Armenia. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing cutting machinery and equipment. |
4.3.2 Limited awareness and adoption of advanced cutting technologies in the Armenian market. |
4.3.3 Economic instability and fluctuations affecting the purchasing power of businesses in Armenia. |
5 Armenia Cutting Machinery and Equipment Market Trends |
6 Armenia Cutting Machinery and Equipment Market Segmentations |
6.1 Armenia Cutting Machinery and Equipment Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Manual, 2021-2031F |
6.1.3 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Mechanized, 2021-2031F |
6.2 Armenia Cutting Machinery and Equipment Market, By Technology Type |
6.2.1 Overview and Analysis |
6.2.2 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Carbon arc cutting, 2021-2031F |
6.2.3 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Laser Cutting, 2021-2031F |
6.2.4 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Oxy-fuel cutting, 2021-2031F |
6.2.5 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Plasma cutting, 2021-2031F |
6.2.6 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Waterjet cutting, 2021-2031F |
6.3 Armenia Cutting Machinery and Equipment Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Construction, 2021-2031F |
6.3.4 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By General metal fabrication, 2021-2031F |
6.3.5 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Heavy Equipment Fabrication, 2021-2031F |
6.3.6 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Shipbuilding & Offshore, 2021-2031F |
6.3.7 Armenia Cutting Machinery and Equipment Market Revenues & Volume, By Others, 2021-2031F |
7 Armenia Cutting Machinery and Equipment Market Import-Export Trade Statistics |
7.1 Armenia Cutting Machinery and Equipment Market Export to Major Countries |
7.2 Armenia Cutting Machinery and Equipment Market Imports from Major Countries |
8 Armenia Cutting Machinery and Equipment Market Key Performance Indicators |
8.1 Average utilization rate of cutting machinery in manufacturing facilities. |
8.2 Adoption rate of computer numerical control (CNC) cutting machines in the market. |
8.3 Percentage of manufacturers investing in employee training for operating advanced cutting machinery. |
9 Armenia Cutting Machinery and Equipment Market - Opportunity Assessment |
9.1 Armenia Cutting Machinery and Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Armenia Cutting Machinery and Equipment Market Opportunity Assessment, By Technology Type, 2021 & 2031F |
9.3 Armenia Cutting Machinery and Equipment Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Armenia Cutting Machinery and Equipment Market - Competitive Landscape |
10.1 Armenia Cutting Machinery and Equipment Market Revenue Share, By Companies, 2024 |
10.2 Armenia Cutting Machinery and Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here