New Research and Development in Gas Cutting Machine will Propel Its Market Growth
Presence of major emerging economies that specifically includes India and China that have witnessed significant investments in industries and manufacturing activities is expected to provide strong industry traction in the region. Moreover, low cost labor availability and increasing government activities to enhance free and fair trade in the region will in turn lead increased industrial manufacturing activities. For instance, One Belt, One road initiative in China and Sagarmala project in India are expected to provide significant boost to trade. This will in turn drive the demands for industrial processes and gas cutting machine market over the forecast period.
Key market participants in the industry include ESAB, Koike Aronson, Hornet Cutting Systems, Messer Cutting Systems, Ador Welding, Haco, Harris Products Group, Shangai Welding & Cutting Tool Works, SteelTailor, and Voortman Steel Machinery.
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Limitations such as requirement of ventilation spaces and advent of 3D technology is expected to hamper the growth prospects
Gas cutting equipment market growth is anticipated to be hindered by several technical limitations. These drawbacks include its usage limited to steel and cast iron materials, low dimensional tolerances, requirement of adequate flame control and proper ventilated spaces for its operations. Moreover, red hot slag and heat generated in the process also presents burn and fire hazards to the users and the industry. Advent 3D technology is featured with several advantages over the conventional technologies such as minimum material wastage, savings in terms of raw material costs, and high ROI, is anticipated to witness large adoption for industrial applications. Utilization of laser technology for its operations will present major challenge to the gas cutting machine market growth.
Stationary gas cutting machine is expected to dominate the market over the forecast period
High reliability for extensive workloads in the industrial usage is expected to be prominent factor driving the growth of the stationary mechanism. These instruments find increased applications for the workloads that require long time and offer efficient and simple means for product development. Owing to these factors, stationary equipment segment dominated the overall market share in 2016.
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