The waterjet cutting machine global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Waterjet Cutting Machine Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The waterjet cutting machine market size has grown rapidly in recent years. It will grow from $1.3 billion in 2023 to $1.46 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to rise in automotive industry, demand for customized products, high demand from the industrial sector, demand for precise and intricate cutting in various industries, increased investments in building high-class manufacturing infrastructure.
The waterjet cutting machine market size is expected to see rapid growth in the next few years. It will grow to $2.28 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to extensive application for a variety of materials, introduction of robotic cutting, rising government concerns for adopting pure waterjet technology, increased adoption in emerging markets, aerospace and defense growth. Major trends in the forecast period include new software intelligence, industry 4.0 integration, 3d waterjet cutting, micro waterjet cutting, green cutting technologies.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
Increasing demand for environment-friendly cutting processes and practices is significantly contributing to the growth of the waterjet cutting machine market. The stringent government policies towards the usage of chemical fluids in the manufacturing process and increasing companies toward sustainable business practices had led to a shift in industries’ interests towards adopting environmentally friendly cutting methods and practices in sectors such as automotive, mining, electronics, and construction, packaging, and textile. For instance, in 2022, the European Commission adopted a proposal for a regulation that would harmonize conditions for marketing construction products. This proposed regulation was part of a package of proposals that was aimed at making sustainable products the norm in the EU, boosting circular business models, and empowering consumers for the green transition.
Market Trends –
The use of cutting fluids in machining processes hurts the environment. As a result, most environmental machining research and development has centered on eliminating or minimizing the use of traditional cutting fluids or replacing them with environmentally friendly alternatives. Therefore because of numerous advantages, the demand for environment-friendly cutting processes and practices is expected to propel the growth of the waterjet cutting machine market over the coming years.
The waterjet cutting machine market covered in this report is segmented –
1) By Product: 3D Waterjet Cutting Machines, Micro Waterjet Cutting Machines, Robotics Waterjet Cutting Machines
2) By Technology: Pure, Abrasive
3) By Pump Type: Direct Drive Pump, Hydraulic Intensifier Pump
4) By Application: Exotic metal and Non-Traditional Material Cutting, Ceramic/Stone Cutting, Glass/Metal Art, Gasket Cutting, Other Applications
5) By Industry: Electronics, Metal Fabrication, Automotive, Aerospace, Food Processing, Textile, Other Industries
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Regional Insights –
North America was the largest region in the waterjet cutting machine market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waterjet cutting machine market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the waterjet cutting machine market include Flow International Corporation, Bystronic Inc., Water Jet Sweden AB, Waterjet Corporation S.R.L., Dardi International Corporation, Wardjet, Koike Aronson Inc., Techni Waterjet, Huffman, Jekran Ltd., Lincoln Electric, STM waterjet, International Waterjet Machines, Foshan Yongshengda Machinery, Accurl, LDSA, Resato International, KMT Waterjet Systems Inc., Jet Edge Inc., ESAB, Hypertherm Inc., AccuStream, WSI Waterjet Systems International, A Innovative International Ltd., A&V Waterjet, Advanced Cutting Systems, Aqua-Dyne Inc., Calypso Waterjet Systems, CMS Industries, CTR Lasers, Flow Asia Corporation
Table of Contents
1. Executive Summary
2. Waterjet Cutting Machine Market Report Structure
3. Waterjet Cutting Machine Market Trends And Strategies
4. Waterjet Cutting Machine Market – Macro Economic Scenario
5. Waterjet Cutting Machine Market Size And Growth
…..
27. Waterjet Cutting Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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