Europe CNC Metal Cutting Machine Market By Type (Machining Centers, Lathe Machines, Gear Cutting Machines, Laser Cutting Machines and Others) By End User (Automotive, Electronics, Aerospace & Defense, Power & Energy and Others) By Country, Industry Analysis and Forecast, 2019 - 2025
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The Europe CNC Metal Cutting Machine Market would witness market growth of 6.3% CAGR during the forecast period (2019-2025). Metal cutting devices have a variety of shapes, including plasma cutters, fiber cutters and laser cutting machines. Among the different forms of metal cutting tools, plasma cutting equipment is primarily used for the manufacture and welding of metals as it ensures reliable and accurate results compared to other forms of the device. Moreover, laser-based metal cutting machines are also becoming highly important as they provide a high degree of precision compared to conventional plasma cutting equipment and are anticipated to have a positive impact on the industry.
Laser cutting is a technique that uses CO2 lasers and fiber to cut materials. These machines can cut a wide range of materials, from steel to plastic, with unparalleled accuracy. It is a vital manufacturing tool for a number of industries, such as the automotive industry, machine tool industry, consumer electronics and other manufacturing industries, for complex geometry components. In recent years, the laser cutting industry has witnessed major changes in the quality and thickness of cutting materials, power, and performance. Consequently, this led to the development of laser cutting machines with greater cutting speed and the ability to cut thin and thick metals on the same equipment.
Based on Type, the market is segmented into Machining Centers, Lathe Machines, Gear Cutting Machines, Laser Cutting Machines and Others. Based on End User, the market is segmented into Automotive, Electronics, Aerospace & Defense, Power & Energy and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hurco Companies, Inc., Lincoln Electric Holdings, Inc., Amada Holdings Co., Ltd., Komatsu Ltd., Okuma Corporation, DMG Mori Seiki Co. Ltd., Yamazaki Mazak Corporation, Dalian Machine Tool Group (DMTG) Corporation, Mondragon Corporation (Danobat Group), and Nissan Tanaka Corporation.
Scope of the CNC Metal Cutting Machine Market Analysis
- Machining Centers
- Lathe Machines
- Gear Cutting Machines
- Laser Cutting Machines
By End User
- Aerospace & Defense
- Power & Energy
- Rest of Europe
- Hurco Companies, Inc.
- Lincoln Electric Holdings, Inc.
- Amada Holdings Co., Ltd.
- Komatsu Ltd.
- Okuma Corporation
- DMG Mori Seiki Co. Ltd.
- Yamazaki Mazak Corporation
- Dalian Machine Tool Group (DMTG) Corporation
- Mondragon Corporation (Danobat Group)
- Nissan Tanaka Corporation
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