Global Waterjet Cutting Machinery Market: Overview
The global waterjet cutting machinery market is poised for a healthy growth in the near future. Waterjet cutters offer a host of advantages over plasma, flame, and laser cutters. As there is no heat affected zone in waterjet cutting, this allows cutting of various metals, plastics, and other materials sans melting, distorting, or warping their original structure.
Among the several advantages of waterjet cutting its impeccable precision is a prominent one. It allows precision as close in the range of ± 0.005" and even better when required. Waterjet cutting is controlled by a computer and special software that eliminates the need of highly skilled personnel to operate the machinery.
Providing headwinds to the waterjet cutting machinery market is high cost involved in the maintenance of waterjet cutting machines. Also, risk of injury to workers due to high-pressure water gushing is a bottleneck to the market’s growth. Owing to a number of factors favoring the adoption of waterjet cutting machinery, the waterjet cutting machinery market is likely to clock a CAGR of 8.30% from 2017 to 2024.
Robotic Waterjet Product Type to Gain Traction in Future
The global waterjet cutting machinery market is studied on the basis of few parameters, viz. product type, machine size, application, pressure range, horsepower, and geography. By product type, micro waterjet cutting, 3D waterjet cutting, and robotic waterjet are the segments into which the waterjet cutting machinery market is divided. 3D waterjet cutting segment is expanding at a significant pace due to advanced CAD/CAM software involved for the cutting process. Software helps the operator to model the water stream and it also explains how well the waterjet cutting technology can be utilized to obtain optimum results. On the other hand, robotic waterjets are increasingly finding adoption across industry verticals such as aerospace, textile and electronics, and automotive. This is because robotic waterjets help eliminate the need of secondary finishing thereby helping save cost.
In terms of machine size, small size, medium size, and large size are the segments into which the global waterjet cutting machinery market is divided. Of them, medium size segment is anticipated to account for the leading revenue contribution to be valued at US$2,031.9 mn by 2024. In terms of application, the key segments into which the waterjet cutting machinery market is divided are job & machine shop, machine manufacturing, exotic metal and non-traditional material cutting, ceramic/stone cutting, fiberglass cutting, glass/metal artwork, gasket cutting, surgical instrument manufacturing, slitting operations, foam product cutting, electronics, and others (food processing and textiles). At present job shops and machine manufacturing hold prominence in the waterjet cutting machinery market. However, ceramic and stone cutting segment, among them, is anticipated to account for the leading market share through 2024.
On the basis of horsepower, 0 to 50 horsepower, 51 to 100 horsepower, and others are the segments into which the global waterjet cutting machinery market is divided.
Expanding Manufacturing Sector to make Asia Pacific Attractive
Geography-wise, the report takes stock of the potential of demand in North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Of them, North America and Europe are anticipated to continue to remain attractive through 2024. However, Asia Pacific is anticipated to display significant growth rate owing to expansion of the manufacturing sector.
Key names in the global waterjet cutting machinery market include DARDI International Corporation, WARDjet Inc., Water Jet Sweden, ESAB Group, Manufacturers Supplies Company, Waterjet Corporation s.r.l BFT GmbH, Uhde High PRESSURE Technologies GmbH, OMAX Corporation, NLB Corp., A Innovative International Ltd., TECHNI Waterjet, OH Precision Corporation, Hughes Pumps Ltd, Bystronic L India (Pvt) Ltd., and Jet Edge Inc. among others.
Global Waterjet Cutting Machinery Market: Overview
The research report on the global waterjet cutting machinery market provides a quantitative and qualitative analysis of the said market including market indicators, growth trends, and competitive outlook for the 2017-2024 forecast period. The report provides valuable insights into growth in global and key domestic markets for waterjet cutting machinery for the aforementioned forecast period. The estimates of the waterjet cutting machinery market presented in the report are the result of meticulous in-depth secondary research, extensive interviews with opinion leaders, and in-house expert panel reviews.
The executive summary section examines leading segments including market size and revenue contribution estimates of the leading segments in the global market for waterjet cutting machinery for the forecast period from 2017 to 2024. Market stakeholders can use this information for a know-how of growth spaces and thus invest in the best bet. The market overview section of the report talks about industry regulations and industry policies that are in the scope of heavy machinery industry that manufacturers of waterjet cutting machinery need to adhere to. This section also includes market attractiveness analysis that has been presented graphically depicting market indicators over a time frame to comprehend the growth dynamics over the 2017-2024 forecast period.
Analysis of Key Market Segments help Make Best Business Bet
The report segments the global waterjet cutting machinery market on the basis of product type, application, and geography. The segments of the market in terms of product type are 3D waterjet cutting, robotic waterjet cutting, and micro waterjet cutting. Depending upon application, the waterjet cutting machinery market is segmented into machine manufacturing, job & machine shop, fiberglass cutting, glass/metal artwork, foam product cutting, electronics, exotic metal and non-traditional material cutting, ceramic/stone cutting, slitting operations, gasket cutting, and others. By pressure range, the segments into which the waterjet cutting machinery market is divided are up to 4,200 bar and more than 4,200 bar. In terms of horsepower, the segments into which the waterjet cutting machinery market has been divided are between 51 to 100 horsepower, 0 to 50 horsepower, and others.
On the basis of geography, the global waterjet cutting machinery market is divided into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. The U.S. and Canada are key domestic market in North America. Asia Pacific waterjet cutting machinery market comprises India, China, and Rest of Asia Pacific. South America region includes Argentina, Brazil, and Rest of South America. The Middle East and Africa waterjet cutting machinery market comprises GCC countries, South Africa, and Rest of Middle East and Africa.
In-depth Competitive Analysis Leads to Valuable Insights
The report provides a comprehensive analysis of the competitive landscape of the waterjet cutting machinery market, which includes positioning of leading players according to their geographical presence and recent developments. Competitive strategies, financial standing, recent key developments, and SWOTs are some of the attributes based on which top players are profiled in the report. Included in the report is an analysis of business strategies such as pricing, growth, promotion, market hold, etc. adopted by leading players that competitors can leverage for business gains.