Cutting Equipment, Accessories & Consumables Market Report 2026

The cutting equipment, accessories & consumables market size has grown strongly in recent years. It will grow from $9.59 billion in 2025 to $10.14 billion in 2026 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to expansion of construction and infrastructure projects, growth in heavy metal fabrication activities, increasing shipbuilding demand, rising use of mechanized cutting tools, availability of advanced cutting technologies.

The cutting equipment, accessories & consumables market size is expected to see strong growth in the next few years. It will grow to $12.7 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing automation in metalworking operations, rising demand for precision fabrication, expansion of industrial manufacturing capacity, growing adoption of laser and water jet cutting, increasing focus on productivity optimization. Major trends in the forecast period include increasing adoption of cnc and automated cutting systems, rising demand for high-precision cutting tools, growing use of advanced cutting technologies, expansion of wear-resistant consumables, enhanced focus on operational efficiency.

The rising demand for automation is expected to drive the growth of the cutting equipment, accessories, and consumables market. Automation involves the use of largely self-operating equipment within manufacturing or production systems, including the capability to remotely monitor and control cutting equipment. This is particularly valuable in large-scale industrial applications, enabling efficient maintenance and troubleshooting. For example, in September 2024, the International Federation of Robotics (IFR), a Germany-based non-profit organization, reported that industrial robot installations in the UK increased by 51% to 3,830 units, while in the Americas, over 50,000 units were installed for the third consecutive year, totaling 55,389 units in 2023. Therefore, substantial investment in automation by companies is expected to drive the cutting equipment, accessories, and consumables market.

Leading companies in the Cutting Equipment, Accessories & Consumables market are focusing on innovative solutions, such as tube laser cutters, to enhance cutting precision, improve operational efficiency, and meet the growing demand for automated and high-speed manufacturing processes. A tube laser cutter is a specialized laser machine designed to cut, engrave, or shape hollow metal tubes, pipes, and profiles with high precision. For example, in April 2025, Bystronic, a Switzerland-based provider of sheet metal processing solutions, launched the ByTube Star 330, an advanced 3-D fibre laser tube-cutting machine. The ByTube Star 330 features a modular design with three loading options, fully automatic tube feeding and sorting, and the ability to cut tubes and open profiles from 19 to 305 mm in diameter without setup time. Equipped with a 6 kW or 10 kW laser, it handles thick tubes and bevel cuts with high precision and supports drilling, tapping, marking, and phase cutting without manual intervention. Its intuitive touchscreen and Bystronic HMI ensure ease of use, and the machine can be customized to fit floor space constraints, maximizing production efficiency and reducing labor costs.

In June 2024, Sandvik AB, a Sweden-based engineering solutions company, acquired PDQ Workholding LLC for an undisclosed amount. Through this acquisition, Sandvik aims to strengthen its machining-solutions portfolio in North America, expand its tooling and fixture capabilities, and gain earlier access to component projects, thereby enhancing its presence in advanced machining and lightweight-materials markets. PDQ Workholding LLC is a US-based manufacturer specializing in custom cutting tools, including carbide round tools, indexable tool bodies, drills, end mills, reamers, and form cutting tools.

Major companies operating in the cutting equipment, accessories & consumables market are Colfax Corporation, GCE Group AB, Hypertherm Inc., Illinois Tool Works Inc., Messer Group GmbH, African Oxygen Ltd., BOC Ltd., Bug-O Systems Inc., Koike Aronson Inc., Linde AG, DMG Mori Seiki Co., ABB Group, American Welding And Gas, Bystronic AG, Lincoln Electric Holdings Inc., Fronius International GmbH, BURNY Kaliburn Lincoln Electric Co., C&G Systems, CNC Clear Cut, HG Farley LaserLab Co, Flow International Corporation, HACO-FAT, Hornet Cutting Systems, Jet Edge Inc., KMT Waterjet Systems, Komatsu NTC Ltd., KUKA AG, LVD Company nv, Mazak Corporation, OMAX Corporation, Prima Power, Salvagnini America Inc., SigmaTEK Systems LLC, Techni Waterjet.

Asia-Pacific was the largest region in the cutting equipment, accessories, and consumables market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cutting equipment, accessories & consumables market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cutting equipment, accessories & consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cutting equipment, accessories, and consumables market consists of sales of cutting equipment, accessories, and consumables including carbon arc cutting, plasma cutting, oxy-fuel cutting, laser cutting, and water jet cutting. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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