Global Waterjet Cutting Machine Market to Grow at 6.2% During 2023-2028, Augmented by Technological Advancements

June 21, 2021 | Automotive Industry

According to the latest report by IMARC Group, titled “Waterjet Cutting Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global waterjet cutting machine market reached a value of US$ 1.1 Billion in 2022. A waterjet cutting machine (WCM) is an industrial instrument that relies on a high-pressure stream of water to erode a piece of material. It comprises a high-pressure pump, a cutting table, a nozzle which emits the jet stream, and a controller for system operation, motion control, and muzzle positioning. It saves costs, retains the material properties, provides operating efficiency, and offers superior edge quality and accurate internal cut-outs. As a result, WCM is extensively utilized to manufacture guided missiles, aircraft turbines and jet engines worldwide.
 

Global Waterjet Cutting Machine Market Trends:

WCMs are widely used in automotive, mining, electronics, construction, packaging and textile industries around the world. This can be accredited to their versatility in cutting metals, composites, glass, and flammable materials. Additionally, the escalating demand for eco-friendly cutting processes and practices is propelling the growth of the market. Besides this, they are employed in the manufacturing of metal gaskets, automotive brake disks, and intricate decorative fittings and brackets. The market is also influenced by numerous advancements, including the development of micro, 3D and robotics WCM that provide enhanced precisions. Other significant factors, including rising industrialization and increasing automation among industries, are also driving the market. Looking forward, IMARC Group expects the market to expand at a CAGR of 6.2% during the forecast period (2023-2028).
 

Market Summary:

  • Based on the type, the market has been bifurcated into pure and abrasive.
  • On the basis of the product type, the market has been classified into 3D, micro, and robotic waterjet cutting.
  • Based on the horsepower, the market has been divided into 0 to 50 HP, 51 to 100 HP, and others.
  • On the basis of the machine size, the market has been segmented into small, medium, and large.
  • Based on the application, the market has been categorized into automotive, electronics, aerospace and defense, mining, metal fabrication, and others.
  • Region-wise, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, India, Japan, South Korea, Australia, Indonesia, and others), Europe (the United Kingdom, France, Germany, Italy, Spain, Russia, and others), Latin America (Mexico, Brazil, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, 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.

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Product Type, Horsepower, Machine Size, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and Wardjet LLC (AXYZ International Inc.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Waterjet Cutting Machine Market to Grow at 6.2% During 2023-2028, Augmented by Technological Advancements
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