The global waterjet cutting machine market grew at a CAGR of around 7% during 2014-2019.
A waterjet cutting machine (WCM) refers to an industrial tool that uses high-pressure water jet streams to cut and shape different materials. The stream consists of water or abrasive liquids that can cut through metals, glasses, foams and reflective materials without melting, warping or distorting their original structure. The machines do not require heat for cutting and can maintain the quality of the materials that are sensitive to high temperatures. They also offer various other benefits, such as high precision cutting, ability to cut heterogeneous materials and minimal water consumption. Owing to this, they find extensive applications across multiple industries, including automotive, electronics, aerospace & defense, food and beverage, mining, metal fabrication, paper processing, textile, etc.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. Furthermore, widespread product adoption by the automobile industry is also providing a boost to the market growth. WCMs are used for manufacturing metal gaskets, automotive brake disks, clutches and intricate decorative fittings and brackets. Apart from this, they are also extensively used for manufacturing components made by using composite materials for aircraft turbines and jet engines. Additionally, various technological advancements, such as the development of micro, 3D and robotic WCMs, which offer cutting outputs with enhanced precision, are acting as another major growth-inducing factor. Moreover, WCMs find applications in the military and defense sector as they are used to develop guided missiles, fuselages, and space vehicles. Other factors, including rapid urbanization and significant growth in the industrial manufacturing and metal fabrication industries, are also expected to drive the market further. Looking forward, the analyst expects the global waterjet cutting machine market to continue its moderate growth during the next five years.
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 Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and 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 Questions Answered in This Report: How has the global waterjet cutting machine market performed so far and how will it perform in the coming years? What are the key regional markets? What has been the impact of COVID-19 on the global waterjet cutting machine market? What is the breakup of the market based on the type? What is the breakup of the market based on the product type? What is the breakup of the market based on the horsepower? What is the breakup of the market based on the machine size? What is the breakup of the market based on the application? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global waterjet cutting machine market and who are the key players? What is the degree of competition in the industry?
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