Market Overview:
Global Power Cutter Market Size Was Valued at USD 6.1 Billion in 2022, and is Projected to Reach USD 8.18 Billion by 2030, Growing at a CAGR of 3.73% From 2023-2030.
To cut hard surfaces like timber logs, plywood, metal objects, concrete blocks, and other similar goods, power cutters are a crucial piece of equipment utilized in many different sectors. With a battery or direct power-operated motor, a power cutter may easily cut through a variety of things with a high RPM blade. Cutting-edge equipment is used in the defense industry to build specialized ships, cars, and aircraft that transport soldiers. Additionally, they carefully cut holes in wells and pipes within the oil and gas business. These are only a few of the numerous uses for specially-made cutting tools, which are available in a variety of forms and sizes.
Top Key Players Covered In The Power Cutter Market:
- Makita (Japan)
- Braun Maschinenfabrik (Austria)
- Bosch Tools (US)
- STIHL (Germany)
- Saint-Gobain (France)
- Hilti (Liechtenstein)
- Stanley Black & Decker (US)
- Panasonic (Japan)
- Ferm International (Netherlands)
- Husqvarna Construction (Sweden), and Other Major Players.
Market Dynamics and Factors:
The industry is primarily propelled by expanding domestic and commercial uses and worldwide industrialization. Power cutters are used in the automobile, airplane, construction, electronics, and shipbuilding industries. They may also be used for a wide range of household chores, such as removing paint, soldering wire, defrosting pipes, and other do-it-yourself projects. The development of Li-ion batteries and improvements to the infrastructure have contributed to the rise in demand for cutting tools. One of the instruments with a sizable portion of overall sales is the Power Cutter. It has also made a significant contribution to the market's overall expansion.
The general uses of intelligent cutting have been recognized by advanced power cutters, who have created an integrated process. The procedure involves the direct development of an NC code for processing, computer-aided design of components, automated nesting of cutting parts, and control of manufacturing processes and the material consumption budget. As a result, cutting becomes more steady, quick, and effective. Foreign band sawing machines are made possible by key technologies including the cutting database, automated servo feed control system, and multi-fluid cooling system, which are produced by the German business BEHRINGER. Intelligent power-cutting tools are anticipated to dominate the market throughout the anticipated period thanks to the adoption by top enterprises.
Power Cutter Market Report Highlight:
- By Power Type, the Gas-powered segment is anticipated to lead the growth of the Power Cutter market in the forecasted timeframe. Rising demand in the automotive and construction sectors will help this category acquire market share throughout the forecast period. The gas power cutter most frequently uses the oxyfuel method. The most used industrial thermal cutting method is the oxyfuel process, which can cut materials with thicknesses ranging from 0.5mm to 250mm.
- By Cutter Type, the Ring cutter segment is expected to have the highest share of the Power Cutter market over the projected period. With the use of ring cutters, materials including wood, stone, plastic, and metal may be sliced. They are frequently powered by electricity, but they may also be hydraulically or by a petrol engine, enabling them to be connected to large machines without having a separate energy source.
- By end-user industry, the industrial segment is set to develop at the highest share during the forecasted timeframe. The usage of effective cutting tools is required as the global industrial sector faces increasing demand to boost output volume while upholding quality standards. Additionally, the fluctuating need for precision cutting may increase demand for power cutters during the anticipated timeframe.
- The North American region is expected to have the highest share of the Power Cutter market over the projected period. For the past five years, the US cutting tool market has grown by around 1.5% yearly, about in pace with GDP. The sector started to grow over the same period, and since 2000, cutting-tool companies have completed more than 200 mergers and acquisitions, accounting for more than $4 billion in sales. In North America, DIY culture is still widely accepted.
Key Industry Development:
- In March 2023, Hilti, a global leader in construction tools and solutions, has unveiled the PDC 121-G, a powerful 12-inch corded power cutter designed to redefine cutting efficiency on construction sites. Boasting a robust 4.8kW motor, this tool delivers formidable cutting performance, making it a go-to choice for professionals handling tough materials.
- In January 2023, Bosch, a renowned leader in innovative power tools, has unveiled its latest offering, the GDC 300 Professional cordless angle grinder. This cutting-edge tool comes equipped with a diamond cutting blade, making it an ideal solution for precision cutting of concrete, brick, and various masonry materials.
Power Cutter Market Segmentation:
By Power Type
- Battery-Powered
- Electric-Powered
- Pneumatic-Powered
- Gas-Powered
- Hydraulic-Powered
By Cutter Type
- Ring Cutter
- Chain Cutter
By End User Industry
- Industrial
- Commercial
- Domestic
For this report, Introspective Market Research has segmented the Power Cutter Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
- Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
- Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- South America
- Brazil
- Argentina
- Rest of SA
