Steel and Automobile Industry to Drive the Growth of Cutting Equipment, Accessories, and Consumables Market

1. Steel and Automobile Industry to Drive the Growth of Cutting Equipment, Accessories, and Consumables Market The market for cutting equipment, accessories, and consumables will grow from 6.67 USD Billion in 2016 to 8.27 USD Billion by 2021, at a CAGR of 4.40%. This market is growing due to increasing infrastructure and construction activities, manufacturing of automobiles, public expenditure from governments and production of crude steel. Rising per capita income of the middle class has increased the purchasing power of the consumers, which has resulted in an increase in the number of new constructions and manufacturing, which resulted in higher usage of cutting equipment, accessories, and consumables. To Know More about Cutting Equipment, Accessories, and Consumables Industry Download PDF Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=257722973 Market Drivers: Promising Growth in the Global Steel Industry Growing Automobile Industry Industrial Development in the Middle East and Africa Growth of the Construction Industry Target Audience Raw material suppliers and producers Regulatory bodies Cutting equipment, accessories, and consumables distributors/suppliers End-users. (Oil and gas industry, automobile industry, construction, F&B).     Request for Sample@ http://www.marketsandmarkets.com/requestsample.asp?id=257722973 Opportunities: Increasing Demand for Mechanized Cutting in Developing Economies  Growing Demand for Cutting Equipment, Accessories, and Consumables From the Wind Energy Sector Key Players: The Leading Players of the Market are Colfax Corporation. (U.S.), Lincoln Electric Company (U.S.), Illinois Tool Works Inc. (U.S), Air Liquide (France), and the Linde Group (Germany). For a discussion on the above findings, Speak to Our Experts@ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=257722973

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