Segments - Oxyfuel Cutting Machines Market By Type (Systems [Manual, Semi-Automatic, and Automatic Oxyfuel Cutting Machines], and Consumables [Machine Cutting Torches, Machine Cutting Nozzles, Flashback Arrestors, and Others]), By Application (Automotive & Aerospace, Construction, Ship Building, Manufacturing, and Infrastructure & Energy and Utilities), By Distribution Channel (OEM, Aftermarket), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031
The Global Oxyfuel Cutting Machines Market was valued at USD 1,769.5 Million in 2022 and is expected to reach USD 2,853.9 Million in 2031, expanding at a CAGR of 5.5% during the forecast period.
Oxyfuel technology is one of the oldest and most crucial cutting techniques in the metalworking industry, which was first developed in 1901 and is also referred to as oxyfuel flame cutting. This method of thermally cutting steel involves oxidizing the metal with an oxygen jet and blowing it out of the kerf once it has been heated to ignition temperature. The flame-cutting aggregate consists of a ring-shaped heating nozzle, a separate fuel gas-oxygen supply, and an oxygen-cutting nozzle placed in the middle. Oxyfuel-cutting machines are employed in precision-oriented environments and have become indispensable in the modern metal-cutting industry. Oxyfuel cutting machines are equipped with computer numerical control (CNC) machines, which are controlled by a computer and provide a level of efficiency, accuracy & consistency that is impossible to achieve through a manual process. The CNC oxyfuel cutting machines are often equipped with more than one oxyfuel cutting torch for efficient parallel cutting operations. These machines offer high precision and automation capabilities, which makes working with metal easy and efficient.
The Global Oxyfuel Cutting Machines Market is slightly impacted by Covid-19, due to the disruption in the supply chain and limitations in the cross broader transactions. The supply chain was disrupted in the initial stage of the lockdown, which declined the manufacturing of Oxyfuel Cutting Machines.
The demand of versatile and efficient metal cutting machines drives the market. Oxyfuel cutting machines work with a variety of metals and thicknesses. These machines are a versatile tool in the metal working industry, owing to their configurable speeds and high precision. Oxyfuel cutting machines can be configured according to the process requirement and often come equipped with options to increase the number of torches for metal cutting. Some oxyfuel machines come equipped with an option of adding up to 12 torches, which gives them an advantage over other cutting machines such as plasma cutting machines. This making them highly efficient for metal cutting.
Oxyfuel cutting machines offer the ability to cut thick metals efficiently. Oxyfuel cutting uses a combination of fuel and oxygen to create a high-temperature flame, which melts and oxidizes the metal, allowing it to cut thick metal plates. Compared to other cutting methods, such as plasma cutting that can cut up to two inch metal plates, oxyfuel cutting machines can cut up to eight inch metal plates. However, oxyfuel cutting machines can be configured to cut metal plates as thick as 24 inches, which makes heavy duty metal cutting efficient. Oxyfuel cutting machines offer high precision even while cutting thick metal plates. The cut edge is very straight, virtually of zero degrees, which makes oxyfuel machines suitable for special cut profiles.
Oxyfuel technology is often used in metal cutting; However, new technologies such as laser cutting, plasma cutting, and others have gained popularity and have been successfully implemented in metal cutting. Oxyfuel cutting process is slower as compared to other cutting methods, such as plasma cutting. This can limit the production capacity and increase production time for manufacturers. Oxyfuel cutting machines are a suitable option for cutting thick metal sheets. However, these machines are not ideal for cutting thin sheets of metal, which can limit the market growth.
Emerging economies are registering rapid growth in industrialization, due to the growth of manufacturing sectors and the establishment of new industries. This industrial growth provides a demand for oxyfuel-cutting machines, as these machines are crucial tools for cutting and shaping various materials used in manufacturing processes. Emerging economies are also investing heavily in infrastructure development projects to support economic growth and improve living standards as well as investment in various manufacturing industries, including automotive, aerospace, and electronics. These industries require oxyfuel cutting machines for cutting and shaping metal components used in their manufacturing processes.
The report on the Global Oxyfuel Cutting Machines Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Oxyfuel Cutting Machines Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
By Type (Systems [Manual, Semi-Automatic, and Automatic Oxyfuel Cutting Machines], and Consumables [Machine Cutting Torches, Machine Cutting Nozzles, Flashback Arrestors, and Others]), By Application (Automotive & Aerospace, Construction, Ship Building, Manufacturing, and Infrastructure & Energy and Utilities), By Distribution Channel (OEM, Aftermarket) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
ALLtra Corporation, ESAB (ESAB Corporation), Esprit Automation Ltd., Hornet Cutting Systems, Koike Aronson, Inc., Kunshan Qiankun Machinery Manufacturing Co., Ltd., Messer Cutting Systems GmbH, MicroStep, spol. s r.o., Shanghai Huawei Welding & Cutting Machine Co., Ltd., The Lincoln Electric Company, Voortman Steel Machinery and ZINSER GmbH |
The Global Oxyfuel Cutting Machines Market is segmented on the basis of Type, Application, Distribution Channel, and Regions.
Based on Type, the global Oxyfuel Cutting Machines Market is segmented into Systems, and Consumables. The Systems sub-segment is further divided into Manual, Semi-Automatic, and Automatic Oxyfuel Cutting Machines and Consumables segment is further sub-segmented in to Machine Cutting Torches, Machine Cutting Nozzles, Flashback Arrestors, and Others. The fully automatic segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. While manual machines are still favored in some applications, demand for semi-automatic and fully automatic machines is increasing due to their capacity to improve productivity, accuracy, and efficiency. The growing demand for oxyfuel-cutting technology and the necessity for reliable high-performance are driving expansion in the consumables industry. The consumables market is anticipated to grow further as industries continue to adopt oxyfuel cutting.
Based on Application, the global Oxyfuel Cutting Machines market is segmented into Automotive & Aerospace, Construction, Ship Building, Manufacturing, Infrastructure & Energy, and Utilities. The Automotive & Aerospace segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. The automotive and aerospace segment is growing in the oxyfuel cutting machine market due to the machine’s ability to produce precise cutting, handle numerous materials and fulfill the industry’s increasing needs for efficiency and sustainability.
Based on Distribution Channel, the global Oxyfuel Cutting Machines Market is segmented into OEM and Aftermarket. The OEM segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. The OEM segment is expanding in the oxyfuel-cutting machine market due to the machine’s ability to provide precise cutting and offer cost-effective manufacturing. OEMs continue to play a crucial role in industries and seek to match their customer’s growing demands, need for oxyfuel-cutting machines continues to expand gradually in this segment.
On the basis of region, the global Oxyfuel Cutting Machines Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & and Africa (MEA). The market in North America is estimated to hold a substantial market share in the coming years, as the manufacturing industry in the region is expanding as a result of rising demand for a variety of products from different industries such as automotive, construction, and energy. Oxyfuel-cutting machines are utilized in these industries for precision metal cutting, making them vital tools for manufacturer. In Europe, the market is anticipated to expand at a CAGR of XX% between 2023 and 2031. The market is expected to expand at a rapid pace during the forecast period, due to the growing emphasis on renewable energy, which is leading to increasing investment in industries such as wind energy and solar power. Oxyfuel-cutting machines are used in the production and installation of renewable energy infrastructures such as wind turbine components and solar panel frameworks.
In-depth Analysis of the Global Oxyfuel Cutting Machines Market
Historical, Current, and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Oxyfuel Cutting Machines Market Performance
Key players operating in the market are ALLtra Corporation, ESAB (ESAB Corporation), Esprit Automation Ltd., Hornet Cutting Systems, Koike Aronson, Inc., Kunshan Qiankun Machinery Manufacturing Co., Ltd., Messer Cutting Systems GmbH, MicroStep, spol. s r.o., Shanghai Huawei Welding & Cutting Machine Co., Ltd., The Lincoln Electric Company, Voortman Steel Machinery and ZINSER GmbH. These companies are considered as key manufacturers of Oxyfuel Cutting Machines based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the Oxyfuel Cutting Machines market.
Additional company profiles are provided on request. For a discussion related to above findings, click Speak to Analyst
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The Oxyfuel Cutting Machines market is projected to expand at a rapid pace globally, owing to Rising Aging Population, Increasing Disability Rates, Expansion of Healthcare Infrastructure, and Government Initiative.
According to this Growth Market Reports report, The Global Oxyfuel Cutting Machines Market was valued at USD 1,769.5 Million in 2022 and is expected to reach USD 2,853.9 Million in 2031, expanding at a CAGR of 5.5% during the forecast period.
Applications of Oxyfuel Cutting Machines include Automotive & Aerospace, Construction, Ship Building, Manufacturing, Infrastructure & Energy, and Utilities.
Factors such as the Global Production and Manufacturing, Economic Growth, and Government Regulations and Policies are analyzed in the final report.
Major players include ALLtra Corporation, ESAB (ESAB Corporation), Esprit Automation Ltd., Hornet Cutting Systems, Koike Aronson, Inc., Kunshan Qiankun Machinery Manufacturing Co., Ltd., Messer Cutting Systems GmbH, MicroStep, spol. s r.o., Shanghai Huawei Welding & Cutting Machine Co., Ltd., The Lincoln Electric Company, Voortman Steel Machinery and ZINSER GmbH.
In addition to market size (in US$ Million), Company Market Share (in % for base year 2021), Technology and Innovation Landscape, Currents and Future Trends, Oxyfuel Cutting Machines Vs Plasma cutting machines, Overview on Impact of Oxyfuel Cutting Machines on material properties, Overview on the use of Oxyfuel Cutting Machines in metal recycling, Pricing Analysis, (By Type and By Region), and Product Comparative Analysis between different OEMs are available in the report.
The base year considered for the Global Oxyfuel Cutting Machines Market report is 2022. The complete analysis period is 2016 to 2031, wherein, 2016 to 2021 are the historic years, and the forecast is provided from 2023 to 2031.