The global metal cutting machine (MCM) market size reached USD 3.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.4 Billion by 2033, exhibiting a growth rate (CAGR) of 4.17% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 3.7 Billion |
Market Forecast in 2033 | USD 5.4 Billion |
Market Growth Rate (2025-2033) | 4.17% |
Metal cutting machines (MCM) refer to power-driven equipment used to change the workpiece to the required size and shape by cutting or removing unwanted sections. Laser, waterjet, flame, and plasma are some common product types. These machines are widely used in various applications to cut different ferrous and non-ferrous metals to produce a finished product of desired geometry. MCM offers numerous advantages to finished products, including closer dimensional accuracy, complex shaping, surface texture or finish, and required size. As a result, they find extensive applications across the automotive, construction, marine, aerospace, and electronics industries.
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. MCMs are widely used for power cutting a range of interior and exterior components, such as door panels and chassis used in passenger cars and SUVs. In line with this, the widespread product adoption for manufacturing efficient, high-precision, and effective defense and aerospace components and equipment, including composites, engine parts, ignitors, rotary blades, and turbines, is acting as another growth-inducing factor. Additionally, the increasing utilization of plasma cutting machines that utilize an electrical arc to ionize and heat the gas to form a plasma used to cut conductive metals like stainless steel, aluminum, titanium, and copper is favoring the market growth. Apart from this, the launch of advanced metal cutting machines that offer increased performance and throughput, thicker cutting ranges, and high cutting speeds are providing an impetus to the market growth. Moreover, key players are focusing on introducing automation into their manufacturing processes to increase productivity and meet quality standards, which, in turn, is facilitating the market growth. Other factors, including extensive research and development (R&D) activities and the widespread product utilization in the electronics and electrical industry to cut springs, capacitors, motherboards, and circuit boards, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global metal cutting machine (MCM) market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on product, distribution channel and application.
Breakup by Product:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amada Co. Ltd., Boye Laser Applied Technology Co. Ltd., Bystronic AG, Coherent Inc. (II-VI Incorporated), Eurolaser GmbH, Flow International Corporation, Han’s Laser Technology Industry Group Co. Ltd., Koike Aronson Inc. (Koike Sanso Kogyo Co. Ltd.), Komatsu America Industries LLC, Messer Cutting Systems Inc., Nissan Tanaka Corporation, TRUMPF Group and Water Jet Sweden AB.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Product, Distribution Channel, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Amada Co. Ltd., Boye Laser Applied Technology Co. Ltd., Bystronic AG, Coherent Inc. (II-VI Incorporated), Eurolaser GmbH, Flow International Corporation, Han’s Laser Technology Industry Group Co. Ltd., Koike Aronson Inc. (Koike Sanso Kogyo Co. Ltd.), Komatsu America Industries LLC, Messer Cutting Systems Inc., Nissan Tanaka Corporation, TRUMPF Group and Water Jet Sweden AB. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global Metal Cutting Machine (MCM) market was valued at USD 3.7 Billion in 2024.
We expect the global Metal Cutting Machine (MCM) market to exhibit a CAGR of 4.17% during 2025-2033.
The rising demand for MCM in various industries, including automotive, construction, marine, etc., as it offers closer dimensional accuracy, complex shaping, surface texture, etc., to finished products is primarily driving the global Metal Cutting Machine (MCM) market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for Metal Cutting Machines (MCM).
Based on the product, the global Metal Cutting Machine (MCM) market can be segmented into laser cutting machine, waterjet cutting machine, plasma cutting machine, and flame cutting machine. Currently, laser cutting machine holds the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global Metal Cutting Machine (MCM) market include Amada Co. Ltd., Boye Laser Applied Technology Co. Ltd., Bystronic AG, Coherent Inc. (II-VI Incorporated), Eurolaser GmbH, Flow International Corporation, Han’s Laser Technology Industry Group Co. Ltd., Koike Aronson Inc. (Koike Sanso Kogyo Co. Ltd.), Komatsu America Industries LLC, Messer Cutting Systems Inc., Nissan Tanaka Corporation, TRUMPF Group, and Water Jet Sweden AB.