Los Angeles, CA -- (SBWIRE) -- 05/23/2019 -- Increasing demand for mechanized cutting equipment in fabrication is expected to be one of the major trends fueling growth of the global cutting equipment market in the near future. In developed countries, due to the shortage of skilled labor, the demand for cutting automation technology for fabrication and manufacturing purposes is on a rise. Major companies in several developed countries in North America and Europe have started using cutting robots for their manufacturing processes in order to reduce dependency on manpower. Increasing labor costs in turn increase overall manufacturing cost of products, especially in developed countries. This trend is also gaining popularity in some developing countries.

Rapid growth of end-use industries such as construction, automotive, shipbuilding & offshore, and manufacturing is expected to drive global growth of the cutting equipment market, especially in the APAC region over the assessment period.

The global Cutting Equipment market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.

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This report studies the Cutting Equipment market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

By the product type, the market is primarily split into

Manual

Mechanized

By the end users/application, this report covers the following segments

Construction

Heavy Metal Fabrication

Shipbuilding & Offshore

Automotive

Others

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