Metal Sawing Machine Market

The global market for sawing or cutting-off machines for metalworking is projected to grow steadily over the next decade, with consumption, production, imports, and exports all showing positive trends. In 2022, global consumption saw a significant increase, reaching 7.6M units and $7.7B in value. Top consuming countries include India, China, and the UK. Production, on the other hand, saw fluctuations but overall increased over the last decade. China leads as the largest producer, while the United States ranks third. Imports and exports also showed growth, with China dominating the export market and the United States leading in imports. Overall, the industry is expected to see continued growth in the coming years.

Market Forecast

Driven by increasing demand for sawing or cutting-off machines for working metal worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.0% for the period from 2022 to 2030, which is projected to bring the market volume to 8.2M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market value to $9.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Sawing Or Cutting-Off Machines For Working Metal

In 2022, global consumption of sawing or cutting-off machines for working metal skyrocketed to 7.6M units, growing by 26% on the previous year. Overall, consumption saw a strong increase. Over the period under review, global consumption hit record highs in 2022 and is expected to retain growth in years to come.

The global metal sawing machine market size surged to $7.7B in 2022, jumping by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were India (1.7M units), China (1.5M units) and the UK (1.1M units), with a combined 55% share of global consumption. The United States, Singapore, the Philippines, Japan, Vietnam and Thailand lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +80.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, India ($4B) led the market, alone. The second position in the ranking was taken by Japan ($932M). It was followed by the Philippines.

In India, the metal sawing machine market expanded at an average annual rate of +26.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+2.7% per year) and the Philippines (+79.1% per year).

In 2022, the highest levels of metal sawing machine per capita consumption was registered in Singapore (66 units per 1000 persons), followed by the UK (16 units per 1000 persons), the Philippines (2.1 units per 1000 persons) and Thailand (1.9 units per 1000 persons), while the world average per capita consumption of metal sawing machine was estimated at 1 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the metal sawing machine per capita consumption in Singapore stood at +3.2%. In the other countries, the average annual rates were as follows: the UK (+18.3% per year) and the Philippines (+77.6% per year).

Production

World Production of Sawing Or Cutting-Off Machines For Working Metal

In 2022, after two years of growth, there was significant decline in production of sawing or cutting-off machines for working metal, when its volume decreased by -14.4% to 4.7M units. In general, the total production indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +56.7% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 33%. Over the period under review, global production attained the maximum volume at 5.5M units in 2021, and then dropped in the following year.

In value terms, metal sawing machine production dropped slightly to $3.5B in 2022 estimated in export price. Overall, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 52%. Over the period under review, global production hit record highs at $3.5B in 2021, and then contracted slightly in the following year.

Production By Country

China (3.5M units) remains the largest metal sawing machine producing country worldwide, comprising approx. 73% of total volume. Moreover, metal sawing machine production in China exceeded the figures recorded by the second-largest producer, Singapore (271K units), more than tenfold. The United States (180K units) ranked third in terms of total production with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +3.9%. In the other countries, the average annual rates were as follows: Singapore (+0.1% per year) and the United States (+38.1% per year).

Imports

World Imports of Sawing Or Cutting-Off Machines For Working Metal

In 2022, global metal sawing machine imports skyrocketed to 5.6M units, picking up by 25% against the previous year's figure. Overall, imports saw prominent growth. The growth pace was the most rapid in 2021 with an increase of 43%. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, metal sawing machine imports dropped to $1.1B in 2022. Over the period under review, imports, however, saw a slight slump. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Over the period under review, global imports attained the maximum at $1.2B in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports By Country

India (1.6M units) and the UK (1.1M units) represented roughly 49% of total imports in 2022. It was distantly followed by the United States (325K units), mixing up a 5.8% share of total imports. The Philippines (235K units), Thailand (179K units), Vietnam (176K units), Singapore (164K units), Mexico (103K units) and Ireland (85K units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +64.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($162M) constitutes the largest market for imported sawing or cutting-off machines for working metal worldwide, comprising 15% of global imports. The second position in the ranking was held by Vietnam ($62M), with a 5.9% share of global imports. It was followed by the UK, with a 3.6% share.

In the United States, metal sawing machine imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+13.4% per year) and the UK (+1.1% per year).

Import Prices By Country

In 2022, the average metal sawing machine import price amounted to $189 per unit, shrinking by -24.1% against the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 3.9%. As a result, import price reached the peak level of $514 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($498 per unit), while India ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Sawing Or Cutting-Off Machines For Working Metal

In 2022, after two years of growth, there was significant decline in overseas shipments of sawing or cutting-off machines for working metal, when their volume decreased by -31.8% to 2.7M units. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports attained the peak of 3.9M units, and then contracted significantly in the following year.

In value terms, metal sawing machine exports reduced to $1.1B in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Over the period under review, the global exports hit record highs at $1.2B in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

China prevails in exports structure, reaching 2M units, which was near 74% of total exports in 2022. Taiwan (Chinese) (111K units), the UK (63K units), Poland (59K units), Singapore (55K units), Germany (52K units), Thailand (46K units), Belgium (43K units) and the United States (42K units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of sawing or cutting-off machines for working metal. At the same time, Poland (+29.0%), Belgium (+21.5%), the UK (+16.0%), Thailand (+16.0%), Germany (+9.0%) and Singapore (+8.4%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +29.0% from 2012-2022. By contrast, Taiwan (Chinese) (-3.7%) and the United States (-6.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and the UK increased by +2 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($322M) remains the largest metal sawing machine supplier worldwide, comprising 28% of global exports. The second position in the ranking was taken by Germany ($148M), with a 13% share of global exports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +5.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-1.6% per year) and Taiwan (Chinese) (-3.3% per year).

Export Prices By Country

In 2022, the average metal sawing machine export price amounted to $430 per unit, growing by 36% against the previous year. Over the period under review, the export price, however, showed a slight shrinkage. The global export price peaked at $488 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($2,875 per unit), while Singapore ($69 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform