Waterjet Cutting Machinery Market: Snapshot
The global waterjet cutting machinery market is primarily driven by the overall increase in activities in the manufacturing sector of several key regions. The market also benefits from the growing need for manufacturing process automation and waterjet cutting requires a lesser need for manual intervention and human guidance, even in terms of secondary finishing. Global waterjet cutting machinery is also found to be in high preference due to their ability to carry out processes while eliminating the formation of heat, smoke, and dust. However, high maintenance costs and the overall problems regarding worker safety are currently restricting the global waterjet cutting machinery market.
The global waterjet cutting machinery market is expected to reach US$1.66 bn by the end of 2016. The market’s revenue is estimated to expand at a CAGR of 8.1% during the forecast period from 2016 to 2024, and is likely to reach US$3.11 bn by the end of 2024.
Demand for Waterjet Cutting Machinery Lies in Job and Machine Shops
In terms of applications, the global waterjet cutting machinery market is segmented into job & machine shop, machine manufacturing, exotic metal and non-traditional material cutting, glass/metal artwork, ceramic/stone cutting, fiberglass cutting, gasket cutting, foam product cutting, surgical instrument manufacturing, electronics, slitting operations, and a small percentage of minor applications. Amid this large scope of applications for waterjet cutting, the market finds its leading percentage of demand to come from the segment of jobs and machine shops. This segment has always held a conventionally high demand for cutting tools and machinery and waterjet cutting is no exception, especially due to the several advantages that this method provides over other methods.
Currently, the global waterjet cutting machinery market is being propelled by the growing demand for these tools from the automotive and fabrication industries. There is a very high demand for process automation in several industry verticals and especially in the automotive industry. This provides a great niche for the global waterjet cutting machinery market to fit into owing to the high rate of customization that its products can offer.
North America Expected to Lead Demand for Waterjet Cutting Machinery
From a geographical perspective, the global waterjet cutting machinery market has been segmented into the key regions of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among these, the global waterjet cutting machinery market was led by North America in 2015, owing to a high demand from several core end users. It is also highly likely that North America will remain the leading region in terms of demand as well as revenue generation in the global waterjet cutting machinery market for the foreseeable future. The manufacturing industry within North America – especially in the U.S. – is providing the global waterjet cutting machinery market with ample growth opportunities and it is possible for this demand to increase even further as the manufacturing industry expands. Players based in North America are also known to provide a high level of customer support and customer satisfaction, thereby gaining a greater line of clientele. At the same time, Asia Pacific is expected to rush forward with a phenomenal rate of demand growth over the coming years, owing to a speedy rate of evolution of its industrial sector and ramped up manufacturing processes.
To date, the global waterjet cutting machinery market has been dominated in several aspects and periods by names such as DARDI International Corporation, ESAB Group, MD Corporation, KMT Waterjet Systems, Inc., A Innovative International Ltd, Manufacturers Supplies Company, Flow International Corporation, Water Jet Sweden AB, Bystronic Laser India (Pvt.) Ltd., WARDjet, Inc., Waterjet Corporation s.r.l., BFT GmbH, TECHNI Waterjet, Jet Edge, Inc., Hypertherm, Inc., Uhde High Pressure Technologies GmbH, OH Precision Corporation, PressureJet Systems Pvt. Ltd., Water Jet Germany s.r.o., OMAX Corporation, WSI Waterjet Systems International, Resato International BV, Hughes Pumps Ltd, and NLB Corp.
Global Waterjet Cutting Machinery Market: Overview
The waterjet cutting machinery market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in waterjet cutting machinery market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the said period. The study provides a holistic perspective on the waterjet cutting machinery market’s growth throughout the above mentioned forecast period in terms of revenue (in US$ Mn), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).
The market overview section of the report demonstrates the market dynamics and trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. An attractiveness analysis has also been provided for every geographic region in the report, in order to give a thorough analysis of the overall competitive scenario of the waterjet cutting machinery market, globally. Moreover, the report provides an overview of the various strategies of key players present in the market. Key market indicators included in the report provide analysis of the factors which are capable of affecting the market scenario. These indicators are expected to define the market scenario during the forecast period.
Global Waterjet Cutting Machinery Market: Scope of the Study
The report segments the global waterjet cutting machinery market on the basis of product type into 3D waterjet cutting, micro waterjet cutting and robotic waterjet cutting. Machine sizes included in the report are small size, medium size and large size. By application, the market has been classified into job & machine shop, exotic metal and non-traditional material cutting, machine manufacturing, ceramic/stone cutting, glass/metal artwork, gasket cutting, fiberglass cutting, surgical instrument manufacturing, foam product cutting, slitting operations, electronics and others. High pressure pumps are divided on the basis of pressure rage into up to 4,200 bar and more than 4,200 bar segments and according to the horsepower into between 0 to 50 horsepower, between 51 to 100 horsepower and others segments. Thus, the report provides in-depth cross-segment analysis of the waterjet cutting machinery market and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels.
On the basis of country, North America market is divided into the U.S. and Canada. Similarly, Europe market is divided into Germany, France and Rest of Europe. Asia Pacific has been segmented into China, India and Rest of Asia Pacific. Middle East and Africa covers the GCC Countries, South Africa and Rest of Middle East and Africa, similarly, South America region includes Brazil, Argentina and Rest of South America. This report provides all the essential information required to understand the waterjet cutting machinery and its components. Also, the report provides insights related to the policies and regulations according to the various geographical regions mentioned above. These policies and regulations are directly or indirectly influencing the waterjet cutting machinery market. Furthermore, Porter’s Five Forces analysis explains the factors which are currently affecting the waterjet cutting machinery market. This report also provides the value chain analysis for the waterjet cutting machinery which explains the participants of the value chain.
Global Waterjet Cutting Machinery Market: Competitive Landscape
The report also highlights the competitive landscape of the waterjet cutting machinery market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive waterjet cutting machinery market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the Waterjet Cutting Machinery market’s growth.
DARDI International Corporation, ESAB Group, MD Corporation, KMT Waterjet Systems, Inc., A Innovative International Ltd, Flow International Corporation, Manufacturers Supplies Company, Bystronic Laser India (Pvt.) Ltd., Water Jet Sweden AB, Waterjet Corporation s.r.l., WARDjet, Inc., TECHNI Waterjet, BFT GmbH, Hypertherm, Inc., Jet Edge, Inc., OH Precision Corporation, Uhde High Pressure Technologies GmbH, Water Jet Germany s.r.o., PressureJet Systems Pvt. Ltd., WSI Waterjet Systems International, OMAX Corporation, Hughes Pumps Ltd, Resato International BV and NLB Corp are some of the major players operating within the global waterjet cutting machinery market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
Waterjet Cutting Machinery Market
By Product Type
- 3D Waterjet Cutting
- Micro Waterjet Cutting
- Robotic Waterjet Cutting
By Machine Size
- Small Size
- Medium Size
- Large Size
- Job & Machine Shop
- Exotic Metal and Non-traditional Material Cutting
- Machine Manufacturing
- Ceramic/Stone Cutting
- Glass/Metal Artwork
- Gasket Cutting
- Fiberglass Cutting
- Surgical Instrument manufacturing
- Foam Product Cutting
- Slitting Operations
By Pressure Range
- Up to 4,200 Bar
- More than 4,200 Bar
- Between 0 to 50 Horsepower
- Between 51 to 100 Horsepower
- North America
- Rest of NA
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of SA