Presence of major emerging economies that specifically includes India and China that have witnessed significant investments in industries and manufacturing activities is expected to provide strong industry traction in the region. Moreover, low cost labor availability and increasing government activities to enhance free and fair trade in the region will in turn lead increased industrial manufacturing activities. For instance, One Belt, One road initiative in China and Sagarmala project in India are expected to provide significant boost to trade. This will in turn drive the demands for industrial processes and gas cutting machine market over the forecast period.
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Gas cutting machine finds significant end-use industry applications for the processing of carbon and low alloy steels such as aerospace, automotive, steel processing industries and shipping among few others. The consumables and equipment for the welding processes are similar to this equipment, except the welding torch is replaced by the cutting torch which is incorporated with a high pressure oxygen tube. Extensive range of applications that include grooving weld joint metal designs, making edges of metal sheets, cut rivets, risers, and many other are expected to drive the demands for these industrial instruments.
Ease of portability and incorporation of multiple torches for increased functionality are expected to garner high adoption rates over the forecast period
The equipment can be used to cut metals in small sizes and shapes, which is rather cumbersome using other mechanical methods. Incorporation of multiple torches can be used to cut multiple number of metal profiles simultaneously. Moreover, some machining alternatives provide easy portability that find large applications for field operations. In conjunction with these characteristics, fast operations and relatively low cost requirement in comparison to other mechanical procedures, gas cutting equipment market is expected to witness major traction over the next few years.
Proliferating demands from end-use industries will provide the necessary traction over the next few years
Global increase in the average per capita income over the past decade has led to increased consumer buying power. Increasing global air traffic, commercial and personal automotive, defense expenditure, scraping of old aircrafts and ships, and shipping, specifically in countries that include China, India, Indonesia, U.S., and Middle East countries among few others. Owing to these factors, multi-billion dollar end user industries such as automotive, aerospace & defense, metal processing and ship building are expected to witness significant demand growth. Requirement to meet these production demands, industries will invest in industrial process tools and equipment, which in turn will drive the demands for the gas cutting machine market.
Limitations such as requirement of ventilation spaces and advent of 3D technology is expected to hamper the growth prospects
Gas cutting equipment market growth is anticipated to be hindered by several technical limitations. These drawbacks include its usage limited to steel and cast iron materials, low dimensional tolerances, requirement of adequate flame control and proper ventilated spaces for its operations. Moreover, red hot slag and heat generated in the process also presents burn and fire hazards to the users and the industry. Advent 3D technology is featured with several advantages over the conventional technologies such as minimum material wastage, savings in terms of raw material costs, and high ROI, is anticipated to witness large adoption for industrial applications. Utilization of laser technology for its operations will present major challenge to the gas cutting machine market growth.
Stationary gas cutting machine is expected to dominate the market over the forecast period
High reliability for extensive workloads in the industrial usage is expected to be prominent factor driving the growth of the stationary mechanism. These instruments find increased applications for the workloads that require long time and offer efficient and simple means for product development. Owing to these factors, stationary equipment segment dominated the overall market share in 2016.
Key market participants in the industry include Kaltenbach Group, ESAB, Koike Aronson, Hornet Cutting Systems, Messer Cutting Systems, Ador Welding, Haco, Harris Products Group, Shangai Welding & Cutting Tool Works, SteelTailor, and Voortman Steel Machinery.
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