Analyst Viewpoint
Growth in manufacturing and steel sectors and surge in demand for portable and handheld tools are fueling the manual cutting equipment market development. Manual cutting tools are employed in industries to achieve quick, cost-effective, and accurate cutting. Rise in preference for new technologies, such as waterjet cutting, carbon arc cutting, and laser cutting, in the automotive sector is also boosting the market landscape.
Vendors in the manual cutting equipment market are launching new products and partnering with other companies to expand their product portfolio. They are also developing efficient cutting tools for various processes including shaping and resizing materials.
Manual cutting equipment refers to tools and devices used for cutting various materials such as metal, wood, plastic, and fabric. These cutting equipment are operated manually, without the aid of automated systems or power sources.
They are commonly used in industries such as manufacturing, construction, automotive, and arts and crafts to cut various materials. Plasma, oxy-fuel, laser cutting, waterjet cutting, and carbon arc cutting are various types of manual cutting equipment employed in the global market.
Expansion in manufacturing and steel industries around the world is significantly increasing the demand for manual cutting equipment and consumables. According to the American Iron and Steel Institute, raw steel production was 1.84 million net tons while the capability utilization rate was 83% in June 2021. Thus, growth in steel production is augmenting the manual cutting equipment market demand.
The steel sector converts iron ore into various grades of steel by eliminating impurities such as nitrogen and silicon from the iron. Manual cutting is used in certain situations or for smaller-scale operations in steel manufacturing Angle grinders are employed to cut small sections of steel and oxy-fuel cutting torches are utilized to cut thicker sections of steel. Handheld cutting tools allow industries to achieve quick, cost-effective, and accurate cutting.
Rise in focus on precision cutting in vehicle manufacturing is expected to spur the manual cutting equipment market growth in the near future. Automotive manufacturing mainly depends on manual precision cutting devices as they are a major component of automation. Conventional procedures have been replaced with new technologies, such as waterjet cutting, carbon arc cutting, and laser cutting, to achieve high-quality edges and precisely develop car parts, frames, and other items.
Portable cutting instruments are easy to use and offer long service life. These instruments are highly efficient and enable safe usage. Most portable cutting equipment are non-corrosive and provide optimum performance. They are available with variable cutting speeds. Portable cutting instruments are suitable for cutting materials in different shapes and sizes. They are compact in design, thereby facilitating easy installation. Portable cutting equipment provide neat finishing, accurate dimensions, and smooth edges to the final product.
Rise in trend of automation is projected to limit the manual cutting equipment market progress.
Automation refers to the utilization of huge automatic equipment in manufacturing and or production. It can remotely monitor and control cutting equipment. These qualities are highly beneficial for large-scale manufacturing or production sectors. Thus, these sectors are shifting to automation. In 2022, according to the McKinsey Global Industrial Robotics survey, industrial companies are set to spend heavily on robotics and automation with automated systems accounting for 25% of capital spending in companies over the next five years.
According to the latest manual cutting equipment market analysis, North America held largest share in 2022. Increase in demand for cutting equipment, rise in popularity of DIY trends, consumer preference toward independent services, shortage of skilled labor, and high labor costs are fueling the market dynamics of the region.
The modern trend of nuclear families in the U.S. has led to significant household ownership around the country, thereby boosting the demand for manual cutting tools for renovating houses and gardening activities. The significantly developed economy and the presence of key market players that are actively working to develop and introduce innovative products are bolstering the manual cutting equipment market share in North America.
Increase in customization of automobiles and shipbuilding is driving market revenue in North America. In February 2021, the Association for Manufacturing Technology (AMT) and the U.S. Cutting Tool Institute (USCTI) reported that the U.S. consumed almost US$ 157.3 million worth of cutting tools in December 2020, an increase of 4% from November 2020.
Key players are investing in research and development to expand their product portfolio. They are also broadening their global footprint with the help of new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. Vendors are focusing on the integration of the latest technological advancements in their offerings to cater to a wide range of end-users.
Enovis, GENSTAR TECHNOLOGIES, Messer Group, Matheson Tri-gas Inc., Lincoln Electric Company, Illinois Tool Works Inc., Air Liquide, Linde Group, GCE Holding AB, and Fronius International GmbH are some of the key vendors in the manual cutting equipment business.
Each of these companies has been profiled in the manual cutting equipment market report based on parameters such as company overview, business strategies, financial overview, business segments, product portfolio, and recent developments.
| Attribute | Detail |
|---|---|
| Market Size in 2022 | US$ 1.8 Bn |
| Market Forecast (Value) in 2031 | US$ 2.8 Bn |
| Growth Rate (CAGR) | 5.1% |
| Forecast Period | 2023-2031 |
| Historical Data Available for | 2017-2021 |
| Quantitative Units | US$ Bn for Value |
| Market Analysis | It includes segment analysis as well as regional-level analysis. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
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| Format | Electronic (PDF) + Excel |
| Market Segmentation |
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| Regions Covered |
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| Countries Covered |
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| Companies Profiled |
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| Customization Scope | Available upon request |
| Pricing | Available upon request |
It was valued at US$ 1.8 Bn in 2022
It is anticipated to grow at a CAGR of 5.1% from 2023 to 2031
Growth in manufacturing and steel sectors and surge in demand for portable and handheld tools
North America was the leading region in 2022
Enovis, GENSTAR TECHNOLOGIES, Messer Group, Matheson Tri-gas Inc., Lincoln Electric Company, Illinois Tool Works Inc., Air Liquide, Linde Group, GCE Holding AB, and Fronius International GmbH
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.3. Key Trends Analysis
5.3.1. Demand Side Analysis
5.3.2. Supply Side Analysis
5.4. Key Market Indicators
5.5. Technological Overview Analysis
5.6. Porter’s Five Forces Analysis
5.7. Industry SWOT Analysis
5.8. Value Chain Analysis
5.9. Regulatory Framework
5.10. Global Manual Cutting Equipment Market Analysis and Forecast, 2017–2031
5.10.1. Market Value Projections (US$ Mn)
6. Global Manual Cutting Equipment Market Analysis and Forecast, by Technology Type
6.1. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Technology Type, 2017–2031
6.1.1. Plasma
6.1.2. Oxy-fuel
6.1.3. Laser Cutting
6.1.4. Waterjet Cutting
6.1.5. Carbon Arc Cutting
6.2. Incremental Opportunity, by Technology Type
7. Global Manual Cutting Equipment Market Analysis and Forecast, by Application
7.1. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Application, 2017–2031
7.1.1. Construction
7.1.2. Heavy Equipment Fabrication
7.1.3. Shipbuilding and Offshore
7.1.4. Automotive and Transportation
7.1.5. Others
7.2. Incremental Opportunity, by Application
8. Global Manual Cutting Equipment Market Analysis and Forecast, by Region
8.1. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Region, 2017–2031
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
8.2. Incremental Opportunity, by Region
9. North America Manual Cutting Equipment Market Analysis and Forecast
9.1. Regional Snapshot
9.2. Brand Analysis
9.3. Price Trend Analysis
9.3.1. Weighted Average Price
9.4. Key Trends Analysis
9.4.1. Demand Side
9.4.2. Supplier Side
9.5. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Technology Type, 2017–2031
9.5.1. Plasma
9.5.2. Oxy-fuel
9.5.3. Laser Cutting
9.5.4. Waterjet Cutting
9.5.5. Carbon Arc Cutting
9.6. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Application, 2017–2031
9.6.1. Construction
9.6.2. Heavy Equipment Fabrication
9.6.3. Shipbuilding and Offshore
9.6.4. Automotive and Transportation
9.6.5. Others
9.7. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Country, 2017–2031
9.7.1. U.S.
9.7.2. Canada
9.7.3. Rest of North America
9.8. Incremental Opportunity Analysis
10. Europe Manual Cutting Equipment Market Analysis and Forecast
10.1. Regional Snapshot
10.2. Brand Analysis
10.3. Price Trend Analysis
10.3.1. Weighted Average Price
10.4. Key Trends Analysis
10.4.1. Demand Side
10.4.2. Supplier Side
10.5. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Technology Type, 2017–2031
10.5.1. Plasma
10.5.2. Oxy-fuel
10.5.3. Laser Cutting
10.5.4. Waterjet Cutting
10.5.5. Carbon Arc Cutting
10.6. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Application, 2017–2031
10.6.1. Construction
10.6.2. Heavy Equipment Fabrication
10.6.3. Shipbuilding and Offshore
10.6.4. Automotive and Transportation
10.6.5. Others
10.7. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Country, 2017–2031
10.7.1. U.K.
10.7.2. Germany
10.7.3. France
10.7.4. Rest of Europe
10.8. Incremental Opportunity Analysis
11. Asia Pacific Manual Cutting Equipment Market Analysis and Forecast
11.1. Regional Snapshot
11.2. Brand Analysis
11.3. Price Trend Analysis
11.3.1. Weighted Average Price
11.4. Key Trends Analysis
11.4.1. Demand Side
11.4.2. Supplier Side
11.5. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Technology Type, 2017–2031
11.5.1. Plasma
11.5.2. Oxy-fuel
11.5.3. Laser Cutting
11.5.4. Waterjet Cutting
11.5.5. Carbon Arc Cutting
11.6. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Application, 2017–2031
11.6.1. Construction
11.6.2. Heavy Equipment Fabrication
11.6.3. Shipbuilding and Offshore
11.6.4. Automotive and Transportation
11.6.5. Others
11.7. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Country, 2017–2031
11.7.1. India
11.7.2. China
11.7.3. Japan
11.7.4. Rest of Asia Pacific
11.8. Incremental Opportunity Analysis
12. Middle East & Africa Manual Cutting Equipment Market Analysis and Forecast
12.1. Regional Snapshot
12.2. Brand Analysis
12.3. Price Trend Analysis
12.3.1. Weighted Average Price
12.4. Key Trends Analysis
12.4.1. Demand Side
12.4.2. Supplier Side
12.5. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Technology Type, 2017–2031
12.5.1. Plasma
12.5.2. Oxy-fuel
12.5.3. Laser Cutting
12.5.4. Waterjet Cutting
12.5.5. Carbon Arc Cutting
12.6. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Application, 2017–2031
12.6.1. Construction
12.6.2. Heavy Equipment Fabrication
12.6.3. Shipbuilding and Offshore
12.6.4. Automotive and Transportation
12.6.5. Others
12.7. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Country, 2017–2031
12.7.1. GCC
12.7.2. Rest of Middle East & Africa
12.8. Incremental Opportunity Analysis
13. South America Manual Cutting Equipment Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Brand Analysis
13.3. Price Trend Analysis
13.3.1. Weighted Average Price
13.4. Key Trends Analysis
13.4.1. Demand Side
13.4.2. Supplier Side
13.5. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Technology Type, 2017–2031
13.5.1. Plasma
13.5.2. Oxy-fuel
13.5.3. Laser Cutting
13.5.4. Waterjet Cutting
13.5.5. Carbon Arc Cutting
13.6. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Application, 2017–2031
13.6.1. Construction
13.6.2. Heavy Equipment Fabrication
13.6.3. Shipbuilding and Offshore
13.6.4. Automotive and Transportation
13.6.5. Others
13.7. Manual Cutting Equipment Market Size (US$ Mn) Forecast, by Country, 2017–2031
13.7.1. Brazil
13.7.2. Rest of South America
13.8. Incremental Opportunity Analysis
14. Competition Landscape
14.1. Market Player – Competition Dashboard
14.2. Market Share Analysis (%), by Company, (2022)
14.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
14.3.1. Enovis
14.3.1.1. Company Overview
14.3.1.2. Sales Area
14.3.1.3. Geographical Presence
14.3.1.4. Revenue
14.3.1.5. Strategy & Business Overview
14.3.2. GENSTAR TECHNOLOGIES
14.3.2.1. Company Overview
14.3.2.2. Sales Area
14.3.2.3. Geographical Presence
14.3.2.4. Revenue
14.3.2.5. Strategy & Business Overview
14.3.3. Messer Group
14.3.3.1. Company Overview
14.3.3.2. Sales Area
14.3.3.3. Geographical Presence
14.3.3.4. Revenue
14.3.3.5. Strategy & Business Overview
14.3.4. Matheson Tri-gas Inc.
14.3.4.1. Company Overview
14.3.4.2. Sales Area
14.3.4.3. Geographical Presence
14.3.4.4. Revenue
14.3.4.5. Strategy & Business Overview
14.3.5. Lincoln Electric Company
14.3.5.1. Company Overview
14.3.5.2. Sales Area
14.3.5.3. Geographical Presence
14.3.5.4. Revenue
14.3.5.5. Strategy & Business Overview
14.3.6. Illinois Tool Works Inc.
14.3.6.1. Company Overview
14.3.6.2. Sales Area
14.3.6.3. Geographical Presence
14.3.6.4. Revenue
14.3.6.5. Strategy & Business Overview
14.3.7. Air Liquide
14.3.7.1. Company Overview
14.3.7.2. Sales Area
14.3.7.3. Geographical Presence
14.3.7.4. Revenue
14.3.7.5. Strategy & Business Overview
14.3.8. Linde Group
14.3.8.1. Company Overview
14.3.8.2. Sales Area
14.3.8.3. Geographical Presence
14.3.8.4. Revenue
14.3.8.5. Strategy & Business Overview
14.3.9. GCE Holding AB
14.3.9.1. Company Overview
14.3.9.2. Sales Area
14.3.9.3. Geographical Presence
14.3.9.4. Revenue
14.3.9.5. Strategy & Business Overview
14.3.10. Fronius International GMBH
14.3.10.1. Company Overview
14.3.10.2. Sales Area
14.3.10.3. Geographical Presence
14.3.10.4. Revenue
14.3.10.5. Strategy & Business Overview
15. Go to Market Strategy
16. Identification of Potential Market Spaces
17. Prevailing Market Risks
18. Understanding Buying Process of Customers
19. Preferred Sales & Marketing Strategy
List of Tables
Table 1: Global Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Table 2: Global Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Table 3: Global Manual Cutting Equipment Market Value (US$ Mn), by Region, 2017-2031
Table 4: North America Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Table 5: North America Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Table 6: North America Manual Cutting Equipment Market Value (US$ Mn), by Country, 2017-2031
Table 7: Europe Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Table 8: Europe Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Table 9: Europe Manual Cutting Equipment Market Value (US$ Mn), by Country and Sub-region, 2017-2031
Table 10: Asia Pacific Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Table 11: Asia Pacific Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Table 12: Asia Pacific Manual Cutting Equipment Market Value (US$ Mn), by Country and Sub-region, 2017-2031
Table 13: Middle East & Africa Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Table 14: Middle East & Africa Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Table 15: Middle East & Africa Manual Cutting Equipment Market Value (US$ Mn), by Country and Sub-region, 2017-2031
Table 16: South America Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Table 17: South America Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Table 18: South America Manual Cutting Equipment Market Value (US$ Mn), by Country and Sub-region, 2017-2031
List of Figures
Figure 1: Global Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Figure 2: Global Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Technology Type, 2023-2031
Figure 3: Global Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Figure 4: Global Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Application, 2023-2031
Figure 5: Global Manual Cutting Equipment Market Value (US$ Mn), by Region, 2017-2031
Figure 6: Global Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Region, 2023-2031
Figure 7: North America Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Figure 8: North America Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Technology Type, 2023-2031
Figure 9: North America Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Figure 10: North America Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Application, 2023-2031
Figure 11: North America Manual Cutting Equipment Market Value (US$ Mn), by Country, 2017-2031
Figure 12: North America Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Region, 2023-2031
Figure 13: Europe Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Figure 14: Europe Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Technology Type, 2023-2031
Figure 15: Europe Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Figure 16: Europe Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Application, 2023-2031
Figure 17: Europe Manual Cutting Equipment Market Value (US$ Mn), by Country and Sub-region, 2017-2031
Figure 18: Europe Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Region, 2023-2031
Figure 19: Asia Pacific Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Figure 20: Asia Pacific Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Technology Type, 2023-2031
Figure 21: Asia Pacific Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Figure 22: Asia Pacific Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Application, 2023-2031
Figure 23: Asia Pacific Manual Cutting Equipment Market Value (US$ Mn), by Region, 2017-2031
Figure 24: Asia Pacific Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Country and Sub-region, 2023-2031
Figure 25: Middle East & Africa Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Figure 26: Middle East & Africa Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Technology Type, 2023-2031
Figure 27: Middle East & Africa Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Figure 28: Middle East & Africa Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Application, 2023-2031
Figure 29: Middle East & Africa Manual Cutting Equipment Market Value (US$ Mn), by Region, 2017-2031
Figure 30: Middle East & Africa Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Country and Sub-region, 2023-2031
Figure 31: South America Manual Cutting Equipment Market Value (US$ Mn), by Technology Type, 2017-2031
Figure 32: South America Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Technology Type, 2023-2031
Figure 33: South America Manual Cutting Equipment Market Value (US$ Mn), by Application, 2017-2031
Figure 34: South America Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Application, 2023-2031
Figure 35: South America Manual Cutting Equipment Market Value (US$ Mn), by Region, 2017-2031
Figure 36: South America Manual Cutting Equipment Market Incremental Opportunity (US$ Mn), Forecast, by Country and Sub-region, 2023-2031
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Manual Cutting Equipment Market
