Plasma Cutting Torches Market Size, Share, Growth, and Industry Growth, By Type (High-Frequency Cutting Torches and Low-Frequency Cutting Torches), By Application (Aerospace, Automotive, Metal Fabrication, and Shipbuilding), Regional Forecast To 2031

Updated On: 01 April 2024

Plasma Cutting Torches Market REPORT OVERVIEW

• 
• Request a Free sample to learn more about this report

The global plasma cutting torches market size was USD 205.9 million in 2021 and market is projected to touch USD 331.75 million by 2031, at a CAGR of 4.9% during the forecast period.

The torch used for cutting plasma is called plasma cutting torches. It is a process of cutting through electrically conductive material by means of a hot plasma accelerated jet. General materials are cut with a plasma torch that includes aluminum, copper, brass, stainless steel, and steel. It is used in automotive repair, restoration, industrial construction, and scrapping operations. The high precision and speed cuts are coupled with plasma cutting, and low cost sees wide use in large-scale industries. The basic plasma cutting involves creating an electrically ionized and superheated gas. This process is accomplished by a compressed gas when blown at high speed through a focused nozzle and workpiece. 

A plasma cutting torch is an effective way of cutting thick and thin materials in the same manner. The hand-held torches can generally cut a thick plate of steel, and computer-controlled torches can cut thicker plates when compared to hand-held torches. It’s a high voltage spark that ionizes the air inside the torch head. It makes the air conductive and allows the formation of a “pilot arc.” It bumps the consumable part known as the nozzle. It grew out of plasma welding and developed as an efficient way to cut plates and metal sheets. 

COVID-19 Impact: Shut Down of Construction Activities Retarded Market Growth

The epidemic affected every market, which had a long-lasting impact on its expansion. The rapid pandemic had an impact on the plasma cutting torches market in a number of ways, including a decrease in demand, manufacturing, and shipping. In the global market, there have been significant upheavals. The market experienced a decline in manufacturing, supply, and demand. Due to decreased production and supply of the product, the machinery and equipment sector also saw a decline in growth. The market's growth rate was impacted by the market's slow demand-supply balance. 

LATEST TRENDS

"Use of Products in Various Industries to Surge the Maximum Market Growth "

Due to rising demand in the automotive, shipbuilding, and other heavy engineering industries, the global cutting equipment market is predicted to expand rapidly. The market is also influenced by things such as aggressive use of plasma cutting torches made of fabricated metal, improvements in production techniques, and the development of heavy industrial equipment. Advanced cutting technologies, including plasma, water-jet, oxy-fuel, and others, have developed as the demand has increased. The demand for cutting equipment in developing nations is high because of the rise in infrastructure-related activities. Different widths of non-metallic, synthetic, and metallic materials are cut using plasma and laser cutters for very accurate and smooth cutting edges. These factors are projected to increase the plasma cutting torches market growth. 

Plasma Cutting Torches Market Segmentation

• 
• Request a Free sample to learn more about this report

• By Type Analysis

By type, the market is segmented into high-frequency and low-frequency cutting torches. 

• By Application Analysis

Based on application, the market is classified into aerospace, automotive, metal fabrication, and shipbuilding.

DRIVING FACTORS

"All Electrically Conductive Materials Cutting Property to Boost Product Demand"

The developments of new plasma cutting torches in the electronics sector are estimated to surge the demand for the product as it cuts all the electrically conductive materials. Additionally, it is efficient to cut high-alloy aluminum and steel material in large and medium thicknesses. It performs excellently in medium and small mild steel thicknesses. It cuts the electrically conductive materials by accelerating the hot plasma jet. It can also cut stainless steel, brass and copper, aluminum, and steel. Thus, it is widely adopted in the electronics industry and is anticipated to foster plasma cutting torches market growth. 

"Escalating Demand from End-Use Industries to Offer Market Traction"

The proliferating per capita income is forecasted to drive market growth. Rising manufacturing of aerospace, metal fabrications, shipbuilding, and automotive is anticipated to surge growth in the market. It is used for welding structural wheels in the end-use industries. Automotive repair shops and garages are also rapidly adopting the plasma cutting torches to offer better services as it is expected to provide strength to its sales over the period of time. Advanced procedures such as distortion minimization and spray transfer through plasma torch is expected to aid market growth. 

RESTRAINING FACTORS

"High Operating Costs and the Requirement of Proper Prevention May Hamper Growth"

The cost of a plasma cutting torch is high, which may resist small industries from adopting it. The plasma cutting torches market growth may witness limitations owing to various technical limitations. Using plasma cutting torches requires safety shields and proper eye protection as it may affect the user's eyesight. Professionals are required to work with the cutting torch. These factors may impede the growth of the market. 

Plasma Cutting Torches Market REGIONAL INSIGHTS

• 
• Request a Free sample to learn more about this report

"North America to Dominate Due to the Expanding Demand for the Cutting Equipment"

North America is anticipated to lead the market attributable to the rising demand for cutting equipment in various industries. It complements the customization of automotive, shipbuilding, and other such industries. 

Asia Pacific is anticipated to hold a significant part of the plasma cutting torches market share due to the fast-track manufacturing of automobiles and the rising industrial network. Moreover, the emerging countries have a low cost of operating that is forecasted to gain business from manufacturing industries. 

Europe is forecasted to show sizable growth owing to the region being one of the developed markets for equipment cutting due to the manufacturers focusing on equipment that is technically advanced cutting edge.

KEY INDUSTRY PLAYERS

"Key Companies Emphasize On the R&D of the Product to Launch New Products"

The market is made of various sized companies. The global market players are adopting organic and inorganic strategies to consistently grow in the global market. The key companies are also focused on expanding their product portfolio by launching advanced products in the market. The competitors are likely to target various industries to enhance its sales. The competitors emphasized on research and development of the products to introduce advanced products in the market. The manufacturers are focused on increasing the sustainability and cost of the product. The key competitors are striving for various growth strategies to gain market share. 

List of Market Players Profiled

• Colfax Corporation (U.S.)
• Abicor Binzel (India)
• Lincoln Electric (U.S.)
• Hypertherm, Inc. (U.S.)
• ITW(Miller) (U.K.)
• Voestalpine Böhler Welding (India)
• Trafimet Group (Italy)
• EWM (U.K.)
• Sumig (Brazil)
• Migatronic (Denmark)
• Parker Technology (Netherlands)
• Tecmo (Japan)
• Shanghai Innotec (China)
• OTC DAIHEN (U.S.)
• Changzhou Huarui (China)
• Jinan North Welding (China)
• Autogen-Ritter (Germany)
• Translas (Netherlands)
• Changzhou Long Welding (China)
• Termmei Torch & Tip (China)
• Specialised Welding Products (SWP) (U.K.)
• Black Wolf (Changzhou Golden Globe) (China)
• Jiangyin Xinlian Welding Equipment (China)

REPORT COVERAGE

The report offers accurate information about the market insights. It represents an analysis of a competitive edge that seems significant for the formation of business plans. The report defines various paths for the growth and development of the industry. Market segmentation is depicted in the report and highlights the important factors of the sector with various growth opportunities, competitive landscape, and growth strategies of the major key players. The market report focuses on various growth prospects and the factors that may limit the growth of the market. Additionally, this market report represents the key players of the market and their headquarters. The report offers a deep insight into the market.