The waterjet cutting machines market size was valued at $1,098.9 million in 2020, and is projected to reach $1,986.5 million by 2030, registering a CAGR of 6.1% from 2021 to 2030. Waterjet cutting machine is used to cut a variety of materials with high-pressure water cutting technique or mixture of water and abrasive. These are used to cut a variety of materials, including metals, textile, paper, stone, granite, and more. They are used in industries, such as metal fabrication, aerospace, defense, and automotive. Waterjet cutting machines are used for interior and exterior cutting of headliners, dumpers, door and instrument panels, composite parts, and seats of automobiles. The adoption of waterjet cutting machines enhances the flexibility of cutting equipment and makes automation easier for the automobile sector, which promotes the market for waterjet cutting machines in this industry.
In the aerospace sector, abrasive waterjet cutting with five to six axis motion control is commonly used for precision metal cutting of composites, titanium, Inconel, and other materials. Waterjet cutting is an excellent choice for the aerospace sector, since it produces no heat affected zone and also removes the requirement for secondary operations. The waterjet cutting machines are used in fuselages, interior cabin panels, rotary blades, engine components and many more in the aerospace industry. Being a cold-cutting technique, it is predicted to continue to be used in a variety of sectors due to its ability to accurately shape metals and components without affecting the material qualities. Hence, such factors provide growth and contribute in the expansion of the waterjet cutting machines market.
Furthermore, various key players are focusing of expanding their business by implementing strategic moves, such as partnership and acquisition and launching new and advanced waterjet cutting machines. For instance, in November 2021, Bystronic Laser AG opened a new production plant and an experience center for the American region. The plant is expected to deal in manufacture and assembly of waterjet cutting machines in the U.S. and reduce the need to import them from Europe. In addition, it has introduced ByTube Star 130 waterjet cutting machine in September 2021. It offers improved precision, user friendly, and a completely automated setup with open profiles and ellipses, resulting in increased production flexibility and quality. As a result, such strategic moves by companies are fueling the waterjet cutting machines market growth.
The market is segmented on the basis of type, dimension cutting, end user industry, and region. On the basis of type, the market is classified into to abrasive waterjet cutting machines and non-abrasive waterjet cutting machines. By dimension cutting, the market is divided into one-dimensional cutting, two-dimensional cutting, and others. By end-user industry, it is classified as automotive, metal fabrication, electronics, aerospace, and others. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
In the aerospace sector, abrasive waterjet cutting with five to six axis motion control is commonly used for precision metal cutting of composites, titanium, Inconel, and other materials. Waterjet cutting is an excellent choice for the aerospace sector, since it produces no heat affected zone and also removes the requirement for secondary operations. The waterjet cutting machines are used in fuselages, interior cabin panels, rotary blades, engine components and many more in the aerospace industry. Being a cold-cutting technique, it is predicted to continue to be used in a variety of sectors due to its ability to accurately shape metals and components without affecting the material qualities. Hence, such factors provide growth and contribute in the expansion of the waterjet cutting machines market.
Furthermore, various key players are focusing of expanding their business by implementing strategic moves, such as partnership and acquisition and launching new and advanced waterjet cutting machines. For instance, in November 2021, Bystronic Laser AG opened a new production plant and an experience center for the American region. The plant is expected to deal in manufacture and assembly of waterjet cutting machines in the U.S. and reduce the need to import them from Europe. In addition, it has introduced ByTube Star 130 waterjet cutting machine in September 2021. It offers improved precision, user friendly, and a completely automated setup with open profiles and ellipses, resulting in increased production flexibility and quality. As a result, such strategic moves by companies are fueling the waterjet cutting machines market growth.
The market is segmented on the basis of type, dimension cutting, end user industry, and region. On the basis of type, the market is classified into to abrasive waterjet cutting machines and non-abrasive waterjet cutting machines. By dimension cutting, the market is divided into one-dimensional cutting, two-dimensional cutting, and others. By end-user industry, it is classified as automotive, metal fabrication, electronics, aerospace, and others. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key players operating in the global waterjet cutting machine are Colfax Corporation, Conzzeta (Bystronic Laser AG), Dardi International Corporation, Flow International Corporation (Shape Tech Group), KMT Waterjet, OMAX Corporation, Resato International B.V., Jet Edge, and Wardjet, Belotti SPA.KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging waterjet cutting machines market trends and dynamics.
- In-depth waterjet cutting machines market analysis is conducted by constructing market estimations for key market segments between 2021 and 2030.
- Extensive analysis of the waterjet cutting machines market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global waterjet cutting machines market forecast analysis from 2021 to 2030 is included in the report.
- The key players within waterjet cutting machines market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the Waterjet cutting machine industry.
Key Market Segments
By Type
- Abrasive Waterjet Cutting Machines
- Non Abrasive Waterjet Cutting Machines
By Dimension Cutting
- One Dimensional Cutting
- Two Dimensional Cutting
- Others
By End User Industry
- Automotive
- Metal Fabrication
- Electronics
- Aerospace
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Flow International Corporation
- SpaceClaim Corporation
- Dardi International Corporation
- Colfax Corporation
- OMAX Corporation
- Jet Edge, Inc
- Resato International BV
- Koike Aronson, Inc
- Shape Technologies Group
- Hypertherm, Inc
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: WATERJET CUTTING MACHINES MARKET, BY TYPE
CHAPTER 5: WATERJET CUTTING MACHINES MARKET, BY DIMENSION CUTTING
CHAPTER 6: WATERJET CUTTING MACHINES MARKET, BY END USER INDUSTRY
CHAPTER 7: WATERJET CUTTING MACHINES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Waterjet Cutting Machines Market," the waterjet cutting machines market size was valued at $1,098.90 million in 2020, and is estimated to reach $1,986.40 million by 2030, growing at a CAGR of 6.1% from 2021 to 2030. The waterjet cutting machines market is anticipated to be driven by factors, such as increase in automation in the industrial sector and rise in acceptance of high-pressure water cutting in a variety of applications. Waterjet cutting is becoming more popular in a variety of industries, including electronics, automotive, metal fabrication, aerospace, food & beverages, and many more. Technological improvements, such as adoption of high-speed and high-pressure waterjet machines, microjet cutting machines, and robotics integration in waterjet machines are projected to boost the market expansion.Waterjet cutting machines are mostly utilized in the automobile industry owning to strict requirements for delivering high-quality, dependable automotive products, as well as decreasing material waste. It offers smooth and burr-free surfaces and also prevent emission of harmful gases during the cutting procedure. In addition, the use of multi-axis 3D cutting heads for contouring and profiling has increased in the automobile industry.
In 2020, the abrasive waterjet cutting machines dominated the market, and this dominance is expected to continue during the forecast period. Segmental growth is attributed to the rise in demand for accurate automobile performance components and other cutout materials, such as turbines, wings, brake types, and gears in the electronics, aerospace and defense, textile, and mining industries. Furthermore, the abrasive waterjet cutting machines combine abrasive particles, such as garnet with a high-pressure water stream to speed up the cutting process by degrading metals, stones, and composites with great speed and precision. As a result, high-strength materials are frequently cut with abrasive waterjets.
However, during the COVID-19 pandemic lockdown, various manufacturers in the waterjet cutting machines market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of waterjet cutting machine companies. In addition, lack of manpower and raw materials also constricted supply of equipment of waterjet cutting machine, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for COVID-19 are anticipated to lead to re-opening of waterjet cutting machine companies.
COMPETITION ANALYSIS
The key players operating in the global waterjet cutting machine are Colfax Corporation, Conzzeta (Bystronic Laser AG), Dardi International Corporation, Flow International Corporation (Shape Tech Group), KMT Waterjet, OMAX Corporation, Resato International B.V., Jet Edge, and Wardjet, Belotti SPA.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging waterjet cutting machines market trends and dynamics.
- Depending on type, the abrasive waterjet cutting machines segment dominated the market, in terms of revenue in 2020 and is projected to grow at a CAGR 6.4% during the forecast period.
- By end-user industry, the automotive segment registered highest revenue in the market in 2020.
- Asia-Pacific is projected to register the highest growth rate in the coming years.
- The global waterjet cutting machines market forecast analysis from 2021 to 2030 is included in the report.
- The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the waterjet cutting machines market.
- The report provides an waterjet cutting machines market analysis and emerging opportunities of the market.
- In-depth waterjet cutting machines market forecast is conducted by constructing estimations for the key segments between 2021 and 2030.
- The global waterjet cutting machines market growth analysis from 2021 to 2030 is included in the report.
Companies Mentioned
- Flow International Corporation
- Spaceclaim Corporation
- Dardi International Corporation
- Colfax Corporation
- Omax Corporation
- Jet Edge, Inc
- Resato International Bv
- Koike Aronson, Inc
- Shape Technologies Group
- Hypertherm, Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 214 |
| Published | July 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1098.9 million |
| Forecasted Market Value ( USD | $ 1986.5 million |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
