Waterjet cutting refers to material processing machine that uses a high-pressure jet stream of water to cut different materials. The jet stream may contain plain water or an abrasive material mixed with plain water. Waterjet cutting technology is capable of cutting a wide variety of materials including metals, glass, stone, reflective materials and several others. In addition, waterjet cutting process involves no heat, thereby maintaining the base quality of the material being processed. Thus, waterjet cutting becomes highly suitable for cutting materials sensitive to high temperature.
Another major factor responsible for market growth is the steadily growing industrial manufacturing and processing sector across the world. Due to increasing need for precise and green processes, the waterjet cutting machines market is set to exhibit considerable growth in the following years. Nevertheless, factors such as high initial costs and longer cutting time hamper the adoption of these machines on large scales. Similarly, waterjet cutting machines have limited accuracy in case of materials having larger thickness. This restricts the overall application area of waterjet cutting machines.
The report titled Global Waterjet Cutting Machines Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030 offers strategic insights into the global waterjet cutting machines market along with the market size and estimates(in terms of revenue and volume) for the duration 2020 to 2030. The said research study covers in-depth analysis of market segments based on machine type, pressure range, power, and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.
In order to help strategic decision-makers, the report also includes competitive profiling of the leading waterjet cutting machines vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are DARDI International Corporation, Flow International Corporation, Water Jet Sweden AB, WARDjet, Inc., ESAB Group, OMAX Corporation, Waterjet Corporation s.r.l.,Jet Edge, Inc., TECHNI Waterjet, Ingeniería de Aplicaciones S.A. (Idasa), KMT Waterjet Systems, Inc., Bystronic Laser AG, Hypertherm, Inc., OH Precision Corporation, Water Jet Germany s.r.o., Resato International BV and others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players.
Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the waterjet cutting machines industry
- Comparative analysis for different segments for the years 2021 & 2030
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis including the positioning of market players and their business strategy analysis
- Trailing 2-Year market size data (2020 - 2021)
- SRC (Segment-Region-Country) Analysis
Overall, the research study provides a holistic view of the global waterjet cutting machines market, offering market size and estimates for the period from 2022 to 2030, keeping in mind the above-mentioned factors.
As of 2021, the overall waterjet cutting machines market worldwide is led by the 3,800 to 6,200 bars segment. The segment contribute to more than forty percent of the total market revenue generated globally. Majority of the applications typically require high pressure range, thereby driving the growth of the aforementioned segments. Implementing high pressure waterjet cutting machine enables faster cutting, precise operation and increased production. Due to capability of higher production, using high pressure waterjet cutting machines facilitates reducing the overall cost of processing.
Using high pressure waterjet cutting machine (typically 6,000 bars and above) can lower nearly one third of the total machining cost. As a result, the segment is projected to retain its dominant position in the following years. With the rising inclination towards adopting high pressure machines, the more than 6,000 bars’ segment is set to demonstrate the highest growth rate in the following years.
As of 2021, the overall waterjet cutting machines market is led by North America, contributing to more than forty percent of the total revenue generated worldwide. The market here is primarily governed by the U.S., being among the earliest adopters of waterjet cutting machines. Due to robust anticipated growth across the manufacturing sector here, the segment would continue dominating the market over the forecast period.
Majority of the manufacturing companies in the country focus on implementing automated processing machines so as to ensure optimum output with minimal workforce. This has proven to be a driving factor for robotic waterjet cutting machines in North America. Nevertheless, with the consistently rising industrial manufacturing & processing sector, Asia Pacific is set to portray the highest growth rate in the following years.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Waterjet Cutting Machines market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Waterjet Cutting Machines market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Product
- 3D Waterjet Cutting Machines
- Micro Waterjet Cutting Machines
- Robotic Waterjet Cutting Machines
Pressure Range
- Less than 1,500 bars
- 1,500 to 3,800 bars
- 3,800 to 6,200 bars
- More than 6,200 bars
Power
- Less than 50HP
- 50 to 100HP
- More than 100HP
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Waterjet Cutting Machines market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Waterjet Cutting Machines market?
- Which is the largest regional market for Waterjet Cutting Machines market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Waterjet Cutting Machines market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Waterjet Cutting Machines market worldwide?
This product will be delivered within 2 business days.
Table of Contents
Companies Mentioned
- DARDI International Corporation
- Flow International Corporation
- Water Jet Sweden AB
- WARDjet Inc.
- ESAB Group
- OMAX Corporation
- Waterjet Corporation s.r.l.
- Jet Edge Inc.,
- TECHNI Waterjet
- Ingeniería de Aplicaciones S.A. (Idasa)
- KMT Waterjet Systems Inc.
- Bystronic Laser AG
- Hypertherm Inc.
- OH Precision Corporation
- Water Jet Germany s.r.o.
- Resato International BV
