Report Overview:
Metal cutting and machine tools encompass a range of equipment used for shaping, cutting, and forming metal workpieces across industrial applications. These tools include laser cutters, water jet cutting machines, plasma cutting machines, and flame cutting machines, each serving specific precision manufacturing needs. The industry forms the backbone of modern manufacturing, enabling the production of complex components for sectors like automotive, aerospace, and electronics.
The market growth is driven by increasing automation in manufacturing facilities and the adoption of Industry 4.0 technologies. However, high equipment costs remain a challenge for small-scale manufacturers. Key players like Yamazaki Mazak, DMG MORI, and Amada are investing in smart manufacturing solutions, with laser cutting technology holding the largest market share of over 35% in 2024 due to its precision and versatility in handling diverse materials.
Market Value:
Global Metal Cutting and Machine Tool market size was valued at USD 62.2 million in 2024. The market is projected to grow from USD 65.5 million in 2025 to USD 82 million by 2032, exhibiting a CAGR of 4.1% during the forecast period. CAGR of 4.1%
(2024 – 2032)
