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The global waterjet cutting machine market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during (2021-2026), according to the latest report by IMARC Group.
A waterjet cutting machine (WCM) is an industrial tool that cuts and shapes different materials using high-pressure water jet streams. The stream consists of water or abrasive liquids that can cut through metals, glasses, foams, and reflective materials without melting, warping, or deforming their original structure. WCM eliminates the use of heat for cutting and maintains the quality of the materials that are temperature sensitive. It also offers high precision cutting for heterogeneous materials with minimal water consumption. As a result, WCM finds extensive applications across various industries, including automotive, electronics, aerospace & defense, food and beverage.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends
The waterjet cutting machines are extensively used in the automobile industry for manufacturing metal gaskets, automotive brake disks, clutches, and intricate decorative fittings and brackets. Moreover, they are also utilized in the manufacturing of aircraft turbines and jet engine components that are made from composite materials. Additionally, numerous technological advancements, including the development of micro, 3D, and robotic WCMs, that offer enhanced precision in cutting operations, are also bolstering the market growth. Moreover, the increasing demand for WCM in the military and defense sector for developing guided missiles, fuselages, and space vehicles, is augmenting the market growth. Furthermore, rapid industrialization, coupled with various innovations in the manufacturing and metal fabrication industries, are expected to drive the market for WCM.
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The report has segmented the market on the basis of type, product type, horsepower, machine size, application and geography.
Breakup by Type:
Pure
Abrasive
Breakup by Product Type:
3D Waterjet Cutting
Micro Waterjet Cutting
Robotic Waterjet Cutting
Breakup by Horsepower:
0 to 50 HP
51 to 100 HP
Others
Breakup by Machine Size:
Small
Medium
Large
Breakup by Application:
Automotive
Electronics
Aerospace and Defense
Mining
Metal Fabrication
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being A. Innovative International Limited, Colfax Corporation, Dardi International Corporation, Flow International Corporation (Shape Technologies Group), Hornet Cutting Systems, Hypertherm Inc., Jekran Ltd., Jet Edge Inc., KMT GmbH, Koike Aronson Inc., Lincoln Electric Holdings Inc., Semyx LLC, Wardjet LLC (AXYZ International Inc.), etc.
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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