Waterjet Cutting Machinery Market
Waterjet Cutting Machinery Market (Product Type - 3D Waterjet Cutting, Micro Waterjet Cutting, Robotic Waterjet; Machine Size - Small Size, Medium Size, Large Size) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
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Global Waterjet Cutting Machinery Market - Snapshot
Waterjet cutting machines can cut a variety of materials. Across the world, rising manufacturing activities are increasing the demand for waterjet cutting machinery. Waterjet cutting machines are an integral part of metal fabrication industry. Rising manufacturing activity across the world is increasing the demand for fabrication and cutting. Waterjet cutting machinery, especially robotic waterjet cutting machinery are performing the metal fabrication operations with precision causing least environmental damage. It is expected that global metal fabrication industry is expected show significant growth during the forecast period which is increasing the demand for waterjet cutting machinery.
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Robotic waterjet cutting machines have more or less automated the cutting process in waterjet cutting machinery market and they also provide high precision cutting. Presently waterjet cutting is computer operated reducing human error. The cuts made by a waterjet machine are so fine that they does not require any secondary finishing cut. Rising automation along with high quality secondary finishing is increasing the demand for waterjet cutting machines across all industries in the world.
Global waterjet cutting machinery market has been segmented in terms of product type, machine size, and geography. On the basis of product type, waterjet cutting machinery is classified as 3D waterjet cutting, micro waterjet cutting, and robotic waterjet. In terms of machine size, the market is classified as small size, medium size, and large size. 3D waterjet cutting can be a one dimensional waterjet cutting system, two dimensional waterjet cutting system, or three dimensional waterjet cutting system. One dimensional waterjet cutting systems generally use pure water for cutting metals which is also known as pure waterjet cutting process. Two dimensional waterjet cutting systems are the most popular. A three dimensional waterjet system has five axes and are generally used in heavy-duty applications. Three dimensional waterjet cutting can be used both as a pure waterjet cutting process or abrasive waterjet cutting process.
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In terms of geography, market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America and Europe are pioneers in the field of waterjet cutting machinery. Waterjet cutting technology being versatile and environmental friendly is installed in various manufacturing plants across North America and Europe. New research and development are carried out in these regions to produce more efficient waterjet cutting machine, thus lowering maintenance cost.
There is a good opportunity for waterjet cutting manufacturers to more penetrate the Asia Pacific textile industry. In textile industry, soft fabric, feminine hygiene products, diapers and other health care products is cut through waterjet cutting machines. Majority of the cutting in the textile industry are done through these high speed cutting machines. Asia Pacific is a major textile region in the world where China is the largest exporter of textile in the world followed by India. All these factors present a huge opportunity for growth of waterjet cutting machines in Asia Pacific textile industry. In emerging economies of the world such as China and India there is increasing manufacturing activity to create affordable products at a low price. Rising industrial production of mass products is expected to create a good opportunity for growth of waterjet machines in emerging economies of the word
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Major players operating in the market are
- DARDI International Corp.
- ESAB Group Inc.
- KMT Waterjet Systems, Inc.
- A Innovative International Ltd.
- Flow International Corp.
- Bystronic Laser AG
- Water Jet Sweden AB
- Waterjet Corporation S.R.L.
- WARDJet Inc.
- TNLB Corporation
- NLB Corporation
- BFT GmbH
- Resato international BV
- OMAX Corporation
- Uhde High Pressure Technologies GmbH
- Hypertherm Inc.
- Jet Edge Waterjet System
- OH Precision Corp.
- Hughes Pumps Ltd.
- Waterjet Systems International
- Water Jet Germany Private Ltd.
Growing Popularity of Eco-Friendly Machines to Boost the Growth Prospects of the Waterjet Cutting Machine Market
The waterjet cutting machine market is prognosticated to expand at a good growth rate across the assessment period of 2019-2027. The rising inclination toward the use of eco-friendly cutting products will serve as a good growth factor for the waterjet cutting machine market. Technological advancements are also playing a crucial role in the growth of the waterjet cutting machine market.
- A waterjet cutting machine is prominently used in production units and manufacturing facilities for cutting various materials with the help of high-pressure water jets. These machines are usually used for products that are sensitive to high temperatures. Thus, the increasing usage of waterjet cutting machines in industries like electronics, metal fabrication, mining, automotive, defense, and others will bring exponential growth prospects during the forecast period.
- These machines do not require any gases and do not release any harmful materials during the cutting process. This factor makes them highly popular among a large number of end-users. The ongoing research and development activities by the players in the waterjet cutting machine market are leading to novel product launches that are more convenient and beneficial to the end-user. The evolution of 3D cutting capabilities and the introduction of robotic cutting may bring immense growth prospects for the waterjet cutting machine market.
- The COVID-19 pandemic has changed the growth trajectories of a large number of industries and sectors. The waterjet cutting machine market is no exception. The growing prevalence of the virus forced many regions to impose strict lockdowns which led to the closure of factories and production facilities. These factors had a grave impact on the growth of the waterjet cutting machine market.
- However, the relaxations in the restrictions are serving as a boon for the players in the waterjet cutting machine market but the dangers of lockdown remain as the second wave of COVID-19 is hitting hard across numerous countries.
A new study on the global waterjet cutting machinery market has been published by Transparency Market Research (TMR). It presents a wealth of information on key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global waterjet cutting machinery market. TMR’s study offers valuable information about the global waterjet cutting machinery market to illustrate how the market would grow during the forecast period, 2019–2027.
Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), are elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global waterjet cutting machinery market during the forecast period.
An extensive analysis on business strategies of leading market players is also featured in TMR’s study on the global waterjet cutting machinery market. This can help readers understand principal factors to foresee growth in the global waterjet cutting machinery market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global waterjet cutting machinery market, which is expected to guide market players in making apt decisions in the future.
Key Questions Answered in TMR’s waterjet cutting machinery Market Study
- What are the key factors influencing the waterjet cutting machinery market in each region?
- What will be the CAGR of the global waterjet cutting machinery market between 2019 and 2027?
- What is the future scope and changing trends in technologies used in the global waterjet cutting machinery market?
- Which factors are expected to impede the growth of the global waterjet cutting machinery market during the forecast period?
- Which are the leading companies in the global waterjet cutting machinery market?
Research Methodology – Waterjet cutting machinery Market
A unique research methodology has been utilized by TMR to conduct a comprehensive research on the growth of the global waterjet cutting machinery market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary sources referred to by analysts for the global waterjet cutting machinery market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, service managers, CEOs, VPs, and market intelligence managers who contributed to the production of TMR’s study on the waterjet cutting machinery market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from waterjet cutting machinery industry leaders. Access to an extensive internal repository and external proprietary database allows this report to address specific details and questions about the global waterjet cutting machinery market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global waterjet cutting machinery market more reliable and accurate.
The global waterjet cutting machinery market has been segmented as below:
- 3D Waterjet Cutting
- Micro Waterjet Cutting
- Robotic Waterjet
- Small size
- Medium size
- Large size
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
Segmentation of the Waterjet Cutting Machinery Market
TMR’s study on the global waterjet cutting machinery market includes information categorized into four sections ?by product type, machine size and region.
Changing industry trends and other crucial market dynamics associated with these sections of the waterjet cutting machinery market are discussed in detail.
3D Waterjet Cutting
Micro Waterjet Cutting
Middle East & North Africa