Waterjet Cutting Machine Market Size, Share | Growth 2021 to 2028

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The global Waterjet Cutting Machine market size was valued at US$ 969.5 million in 2020 and is anticipated to grow at a CAGR of 5.4% during forecast period 2021 to 2028.

The global Waterjet Cutting Machine market size is expected to be worth around US$ 1.5 billion by 2028, according to a new report by Vision Research Reports.

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Growth Factors

Growing advancements and innovations in the waterjet cutting industry has led to the development of robotic waterjet cutters, which has contributed to improving the operational efficiency across various sectors. Moreover, the innovation of pumps from traditional intensifier designs to fast direct drive pumps coupled with the enhanced nozzle designs to provide improved cutting rates can be attributed to the increased demand for waterjet cutting machines.

Furthermore, the intricate design of aerospace and defense components which require high precision and accuracy in terms of dimensions can be achieved through the machines, which has compelled the manufacturers to focus on product development. For instance, in 2017, OMAX Corporation introduced its latest generation of MicroMax series, a micro-abrasive waterjet technology which has a positioning accuracy of fewer than five microns. Additionally, benefits such as the cold cutting method, no generation of hazardous waste, and a cleaner finished output has led to the adoption of the machines in various applications such as the healthcare industry, semiconductor manufacturing industry, packaging industry, and mining industry.

Report Highlights

Based on the product, the waterjet cutting machines market is segmented into pure waterjet cutting machine (PWCM) and abrasive waterjet cutting machine (AWCM). PWCM uses only water as a cutting media, while AWCM uses a mixture of water and abrasive material to accelerate the cutting process. Pure waterjet is the cleanest form of waterjet cutting technology and it works by directing a high-pressure water stream on a thin or soft material for a precise cut.

PWCM is usually used to cut softer materials, including gaskets, foam, paper, plastics, insulation, disposable diapers, cement board, food, and carpet. Pure waterjet is a cold cutting process that eliminates the risk of a heat-affected zone in the material. The segment is expected to grow significantly over the forecast period, registering a CAGR of 5.8% from 2020 to 2027.

Abrasive waterjet cutting machine (AWCM) dominated the market in 2019 and is expected to continue its dominance over the forecast period. Growing demand for precise automotive performance parts and other cut out materials such as brake types, wings, turbine, gears in aerospace and defense, electronics, mining, textiles, food, and beverage industries is attributing to segmental growth.

Based on application, the waterjet cutting machine market is segmented into automotive, electronics, aerospace and defense, mining, and metal fabrication, and others. High adoption of WCMs was observed in the automotive industry, owing to the increasing demand for producing high precision complex automotive parts. Furthermore, robotic systems are also implemented along with the WCMs in the production lines within the automotive industry to boost operational efficiency. The automotive application segment is expected to grow with a CAGR of 4.10% from 2020 to 2027.

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the WCMs are also highly preferred in the development of critical defense and military products such as guided missiles, space vehicles, and cutting solutions for the rotary blades, thick sheet metals, and aircraft fuselages. Furthermore, increasing investment and research and development in the aerospace and defense industry further aggregate demand for highly efficient machinery such as the WCM across the globe and thus the application segment is expected to witness a CAGR of 5.6% over the forecast period.

Additionally, the popularity of waterjet cutting machines is also growing among other application areas such as food, beverage, tobacco, and custom packaging solutions. Among these industrial applications, pure waterjet is used mostly, owing to its high efficiency in cutting soft materials. Moreover, the hygienic cutting process and its added advantage in sanitation increases its adoption and usage over other cutting technologies.

The Asia Pacific is anticipated to be the largest regional market and accounted for more than 35% of the overall market in 2019. Improving economic conditions and rapid industrialization, especially in China, India, and South Korea are expected to augment product demand in the region. Growing material handling, electronic component, metal and mining, and food, beverage, and tobacco industries in the region are expected to boost the market over the forecast period.

The Western European region has significantly contributed to the European WCM industry. Growing technological innovations and rising adoption of energy-efficient technologies in the region have been the key driving factors for market growth. Furthermore, the surge in industrial automation, an increase in consumption of steel, and growth in the usage of indexed steel in construction are contributing to the regional market growth.

Key Players

  • Colfax Corporation
  • Dardi International Corporation
  • Omax Corporation
  • Flow International Corporation
  • Koike Aronson, Inc.
  • Hornet Cutting Systems
  • WARDJet, Inc. (AXYZ Automation Group)

Market Segmentation

  • Type Outlook 
    • Pure
    • Abrasive
  • Application Outlook
    • Automotive
    • Electronics
    • Aerospace & Defense
    • Mining
    • Metal Fabrication
    • Others
  • Regional Outlook
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
    • Rest of World

In this study, the years considered to estimate the market size of Waterjet Cutting Machine are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Buy this premium research report, click here@ https://www.visionresearchreports.com/report/cart/36628 or call: +1 9197 992 333 

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