The cutting equipment, accessories and consumables market is on a steady growth path, according to the newly published The Business Research Company report covering the 2026-2030 outlook. The market reached $9.59 billion in 2025 and is projected to grow to $10.14 billion in 2026, then to $12.7 billion by 2030 — a compound annual growth rate (CAGR) of 5.8%.
Growth in the historic period was driven by expanding construction and infrastructure projects, heavier metal fabrication activity, rising shipbuilding demand, and greater use of mechanized cutting tools and advanced cutting technologies. Looking ahead, analysts point to increasing automation in metalworking operations, rising demand for precision fabrication, industrial capacity expansion, and wider adoption of laser and water jet cutting. Key trends include growing use of CNC and automated cutting systems, demand for high-precision cutting tools, and the rise of wear-resistant consumables.
The report segments the market by type — manual cutting equipment, mechanized cutting equipment and other types — and by technology, spanning carbon arc cutting, plasma cutting, oxy-fuel cutting, laser cutting and water jet cutting. End-users include construction, heavy metal fabrication, shipbuilding and offshore, automotive, and other sectors. Asia-Pacific was the largest region in 2025, while North America is the fastest-growing region.
Trade tariffs are also reshaping the market, increasing the cost of imported cutting machines, carbide tools, abrasives, consumables and electronic control components. Construction, shipbuilding and heavy fabrication industries in North America and Europe are most affected by their reliance on imported high-performance equipment, while Asia-Pacific exporters face margin pressure. At the same time, tariffs are pushing domestic manufacturing, local sourcing of consumables, and innovation in cost-efficient, durable cutting solutions.
The 2026 report, published September 2026, runs 250 pages and covers market size, trends, strategies, segmentation, major players, regional outlook and the impact of automation on the cutting equipment, accessories and consumables industry.