The ‘Global Waterjet Cutting Machines Market Trends, Share, Price, Size, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global waterjet cutting machines market, assessing the market based on its segments like waterjet types, product types, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Waterjet Cutting Machines Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): Over USD 1.15 Billion
• Forecast CAGR (2023-2028): 6.30%
Waterjet cutting machines are adaptable machines that have the ability to cut off uneven shapes from any material with enhanced accuracy and superior quality. This machine is made of three primary parts and uses a high-level force flow of water to wear down a thin line inside a piece of material.
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Roughly coated waterjet cutting machines can cut almost any form and width and involve bonded laminated materials like rubber-lined wear plates and aluminium compound plates. This technique of cutting is called the cold technique, which prevents heat deformation and toughened sides.
Waterjet cutting machines are used in the production of delicate metals and items that require additional machining once the cutting is done. Additionally, waterjet cutting machines offer exceptional quality of cutting and guaranteeing enhanced precision while eliminating the requirement for a second finishing touch.
The machine saves time and boosts the speed of the cutting procedure while enhancing the overall effectiveness. Such advantages are resulting in its increased usage, which, in turn, is fuelling the waterjet cutting machines market.
Waterjet cutting machines are widely used in various end-use sectors like automotive, aerospace, electronics, textiles, construction, and mining. These machines are utilised in the automobile sector to cut titanium and steel, along with other metals. They are also used to manufacture metal gaskets for vintage vehicles, disc brakes, clutches, and other elements for racing cars. Such extensive applications of the machine are anticipated to favour the waterjet cutting machines market in the forecast period.
Waterjet Cutting Machines Industry Definition and Major Segments
Waterjet cutting machines, also known as water jet or waterjet, are manufacturing devices that have the capability of cutting a broad range of materials. The machines utilise an enormous high-level pressure of water from jets or a combination of water and a rough or coarse material.
The abrasive jet used by these machines utilises a blend of water and abrasive matter to cut hard materials like metal, stone, and glass. The terms pure waterjet or water-only cutting, however, implies the waterjet cutting without using any additional abrasive components. Such methods are usually applied to cut softer materials like wood or rubber.
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Based on waterjet types, the global waterjet cutting machines market can be segmented into:
On the basis of product types, the market is classified into:
• Robotic Waterjet Cutting
• Micro Waterjet Cutting
• 3D Waterjet Cutting
The major end uses of waterjet cutting machines include:
Based on regions, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Waterjet Cutting Machines Market Trends
The waterjet cutting process is widely implemented in several sectors owing to its flexibility in cutting distinct materials, such as metals, glass, and compounds. Various sectors are also using waterjet cutting machines to cut thicker materials with great accuracy. Hence, the versatility of the machines is stimulating the waterjet cutting machines market.
Technological advancements in waterjet cutting machines (WCM) to execute automation for quicker and enhanced cutting procedures are likely to aid the market. The development of accurate and robotic WCMs to increase the speed of output in diverse end-use sectors is anticipated to support the market in the coming years.
The automobile sector is progressively using advanced WCMs owing to their flexibility and precision benefits. Advanced and automated WCMs enable automobile firms to manufacture their commodities at a higher speed with more accuracy, which is anticipated to further drive the progress of the waterjet cutting machines market.
Geographically, the Asia Pacific region is expected to represent a significant market share in the global waterjet cutting machines market. This is primarily due to improving economies and rapid industrialisation, specifically in China, India, and South Korea. On the other hand, West Europe has also contributed substantially to the European WCM market owing to innovations and advancements in technology and increasing usage of sustainable technologies in the region.
Key Market Players
The major players in the global waterjet cutting machines market are:
• OMAX Corporation
• Flow International Corporation
• Hypertherm, Inc.
• Koike Aronson, Inc.
• Jekran Ltd.
• Jet Edge Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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