Technavio Announces Top Five Vendors in the Global Plasma Cutting Machines Market Until 2020

Technavio has announced the top five leading vendors for the global plasma cutting machine market in their latest research report. This report also lists nine other prominent vendors who are expected to contribute to this market’s growth over the forecast period.

To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. To calculate market size, we consider revenue generated from the sales of plasma cutting machines to end-users such as the automotive and non-automotive sectors. The non-automotive sector includes industries such as aerospace and defense, heavy industrial machinery, and electrical equipment.

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“The automotive industry is a high-volume industry that requires strict cutting tolerances and high precision and accuracy. Therefore, there is a critical demand for advanced technology such as plasma cutting. These machines produce high-quality cut parts for cars, semi-tractor trailers, trucks, agricultural vehicles, and specialty vehicles. In 2015, the global plasma cutting machine market in the automotive industry generated revenue worth USD 211.9 million, and is projected to grow at a CAGR of 6.64% to reach USD 292.2 million by 2020,” said Vijay Sarathi, one of Technavio’s lead analysts for tools and components.

Top five leading vendors in the global plasma cutting machines market:

ESAB

ESAB was founded in 1904, and is headquartered in Gothenburg, Sweden. The company, along with its subsidiaries, produces and markets welding and cutting equipment and consumables globally.

ESAB has expertise in the various key areas, including manual welding and cutting equipment, welding consumables, welding automation, and cutting systems. The company has a wide geographical presence across North America, South America, EMEA, and APAC. As of March 2015, it had over 8,700 employees globally.

Hypertherm

Hypertherm was founded 1968, and is headquartered in New Hampshire, US. The American corporation focuses on manufacturing plasma metal cutting systems. These products have applications in oil and gas, shipbuilding, structural steel, heavy equipment, and manufacturing industries.

Hypertherm has a wide geographical presence across Europe, Asia, and Latin America. The company's products are widely used in cutting precision parts, constructing pipelines, fabricating agricultural machinery, gouging out welds in mines, and building and construction activities.

Komatsu

Incorporated in 1921, Komatsu is headquartered in Tokyo, Japan. The company manufactures a wide range of industrial products. The company has manufacturing facilities located in Japan, the US, the UK, Brazil, Sweden, Germany, Indonesia, India, Thailand, and Russia.

Komatsu has 138 consolidated subsidiaries, and 38 companies accounted for by the equity method. In FY2015, the company generated 33% of its total revenue from the Americas, followed by 21% from Japan, 20% from Asia/Oceania, 11% from Europe and CIS, 9% from Africa and the Middle East, and 7% from China. As of March 2015, the company had 47,417 employees. Its revenue amounted to USD 19.51 billion and USD 18.10 billion for 2014 and 2015, respectively.

Messer

Messer was founded in 1989, and is headquartered in Gross-Umstadt, Germany. The company, along with its subsidiaries, manufactures dry or underwater plasma, oxyfuel flame, and laser cutting machines for the metal working industry. It also manufactures and markets oxygen, argon, nitrogen, carbon dioxide, helium, hydrogen, inert welding gases, special gases, gases for medicinal use, and a wide variety of gas mixtures.

Messer offers its products to various industries, including steel and metals, food and pharmaceuticals, chemicals, medicine, automobile and electronics, research and environmental technology. Its business and subsidiaries are located in regions such as Asia, Africa, America, Europe, the Middle East, and Australia. The company has around 1,000 employees in its offices located worldwide.

Nissan Tanaka

Nissan Tanaka was founded in 1917, and is headquartered in Saitama, Japan. The company provides cutting and welding equipment globally with a total of 406 employees. The company offers its products under the following product lines:

• Cutting and welding equipment and materials: Include laser cutting machines, CAD/CAM systems, oxy-fuel/plasma NC cutting machines, welding materials, welding equipment, industrial robots, high precision analysis equipment, containers, designing and construction of gas supply facilities for precision analysis, exhaust gas treatment equipment, peripheral equipment for semiconductor processing, miscellaneous industrial machinery, synthetic engineering, physiochemical machinery, and security and maintenance services
• Gases: Include oxygen, nitrogen, helium, hydrogen, argon, carbon dioxide, various gases for semiconductor use, mixed gases, standard gases, acetylene, ethylene, high purity gases, LNG, San laser series pre-mixed gases for laser oscillator, San Arc series pre-mixed gases for welding, LP, and nitrous oxide.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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