Global Waterjet Cutting Machine Market Size, Share, Forecast Report, 2020-2027
The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Waterjet Cutting Machine Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Waterjet Cutting Machine market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.
The global waterjet cutting machine market size was valued at USD 969.2 million in 2019 and is estimated to exhibit a CAGR of 5.1% from 2020 to 2027. Increasing inclination towards adopting environment-friendly cutting processes and practices within industries such as automotive, mining, electronics, construction, packaging, and textile is one of the key factors attributing to market growth. Furthermore, an increase in process automation among the industries has led to the adoption of advanced machines over the forecast period.
The waterjet cutting technology is gaining popularity among the industries owing to its versatility in cutting different materials such as metals, composites, glass, and flammable materials. The machine uses pure water or a mixture of water and abrasive material as a cutting media to cut up to 10-inch thick steel plates. For instance, Flow International Corporation offers Mach series waterjet cutting machines that can cut materials up to 24 inches thickness. Furthermore, the technology enables performing an extensive range of functions such as rapid drilling or cutting thin details or precision shapes in glass, stones, and metals.
Advancement in technology and innovation in cutting machines is another factor that has influenced the adoption of waterjet cutting machines amongst industries. Developments, including micro and 3D waterjet cutting machines (WCMs), and robotic WCMs, are some of the significant innovations which help end-users increase their throughput and produce precise cutting operations. For instance, WARDJet, an Ohio based waterjet cutting manufacturer offers robotic waterjet cutting automation solutions to the industries such as aerospace, automotive, electronics, and textiles to produce weld test samples.
The demand for WCMs is anticipated to witness a significant rise every year, with an increase in demand for upgraded equipment. The improvement in waterjet pressure levels beyond standard ultra-high pressure levels of 50,000 psi is gaining traction among the end-use industries. The WCMs involve cold cutting technology and high-pressure level jet that provides smooth edge and eliminates warping and distortion as compared to other laser or oxy-fuel or plasma cutting machines.
U.S. is expected to be the largest market for waterjet cutting machines (WCMs) in the North America region. The pure waterjet cutting machine segment is expected to be the fastest-growing segment in the region over the forecast period. Waterjet cutting is expected to have a massive demand in numerous applications, including robotics, packaging, food, beverage, and tobacco, and packaging, that is anticipated to drive the regional market over the forecast period
The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Waterjet Cutting Machine market are included as given below:
The global market comprises both global as well as regional players that are engaged in the design, manufacturing as well as distribution of WCMs. Key players involved in the manufacturing of WCM include Colfax Corporation; Dardi International Corporation; Omax Corporation; Flow International Corporation; Koike Aronson, Inc.; Hornet Cutting Systems; A Innovative International Ltd.; and WARDJet, Inc. (AXYZ Automation Group).
Major players have invested extensively in research and development operations in recent years. The existence of local players in Asia Pacific poses a substantial threat to the global companies in terms of product quality and price offered to the customers. The market is projected to witness growth opportunities in emerging economies of Asia Pacific and Central and South America
The global Waterjet Cutting Machine market has been segmented as below:
Aerospace & Defense
- Global Waterjet Cutting Machine Market by Region
- North America
- Asia Pacific
- Rest of the World
Reasons to Purchase this Report:
Estimates Waterjet Cutting Machine development trends with SWOT analysis
- Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
- Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
- Market dynamics scenario, along with growth opportunities for players in the years to come
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects