Overview and Scope
The waterjet cutting machine refers to an industrial tool that is capable of cutting a wide variety of materials by using a very high-pressure jet of water. It is used to cut a range of materials and metals using a high-pressure water stream to generate the required cutting power. The water used in this process has been treated to remove abrasive substances and sand. This can be used to precisely cut very thick workpieces.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The waterjet cutting machine market report table of contents includes:
1. Executive Summary
2. Waterjet Cutting Machine Market Characteristics
3. Waterjet Cutting Machine Market Trends And Strategies
4. Waterjet Cutting Machine Market – Macro Economic Scenario
5. Global Waterjet Cutting Machine Market Size and Growth
…..
31. Global Waterjet Cutting Machine Market Competitive Benchmarking
32. Global Waterjet Cutting Machine Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Waterjet Cutting Machine Market
34. Waterjet Cutting Machine Market Future Outlook and Potential Analysis
35. Appendix
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