Global Waterjet Cutting Machines Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Horsepower (From 0 To 50 Hp, From 51 To 100 Hp, Others), By Product Type (3D Waterjet Cutting, Micro Waterjet Cutting, Robotic Waterjet Cutting), By End-User (Automotive, Stone & Tiles, Aerospace, Job Shops, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061610647
- Pages : 124
The global waterjet cutting machines market is projected to be valued at US$2.019 billion in the year 2018 and is expected to reach US$3.137 billion by 2023, growing at a CAGR of 9.22% during the forecast period.
A waterjet cutting machine, also known as a waterjet cutter or waterjet is an industrial device that can cut different types of materials with the help of an enormous pressure stream of water.
The major factor driving the growth of waterjet cutting machines is rapid industrialization, resulting in the expansion of end-use industries such as automobiles, manufacturing, and others. Companies from various sectors are increasingly adopting these machines owing to their safe usage, and environmentally friendly features. Moreover, the introduction of automation in the manufacturing sector coupled with the introduction of robotic waterjet machines is impacting the market growth significantly. However, the high costs required to install and maintain the devices may inhibit the market growth of Waterjet cutting machines globally.
Geographic Outlook
Geographically, North America is expected to drive the market for waterjet cutting machinery owing to the growing application in several core and end-user industries and strengthening economic conditions. Modernization and rapid evolution of the market in the Asia Pacific are expected to influence global growth considerably over the forecasted period.
Market Dynamics
This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook; key industry, global and regional regulations that are determining the market growth, and a brief technological aspect of Waterjet Cutting Machines. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Market Players
The competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Jet Edge, Inc., WaterJet Germany Private Limited, Waterjet Systems International, Hypertherm, Inc, OMAX Corporation, Flow International Corporation, and KMT Waterjet.
Segmentation
Waterjet Cutting Machines Market has been segmented by horsepower, end-user, product type, and geography as follows:
- By Horsepower
- From 0 to 50 hp
- From 51 to 100 hp
- Others
- By Product Type
- 3D Waterjet Cutting
- Micro Waterjet cutting
- Robotic Waterjet Cutting
- By End-User
- Automotive
- Stone & Tiles
- Aerospace
- Job shops
- Others
- By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
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