Because of its low cost, fast speed, and accuracy cuts, oxy-fuel followed by plasma cutting technology is widely employed. Laser cutting, for example, is a solid, dependable, and well-known cutting technology with high cut quality. This will offer up new growth opportunities for the market, especially in areas where it is now underutilized.
During the projected period, the global cutting equipment market is expected to grow at a steady pace. Market growth is likely to be aided by increased deployment in end-use sectors such as shipbuilding and offshore, as well as automotive. According to Coherent Market Insights, the worldwide cutting equipment market was valued at over 3,400 thousand units in 2016 and is predicted to grow at a CAGR of 3.93 percent to 4,900 thousand units by 2025.
Read more: https://bit.ly/3zUJS9G
Source:
https://www.coherentmarketinsights.com/market-insight/cutting-equipment-market-1037
0