The global waterjet cutting machine market size reached US$ 1.1 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 1.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
A waterjet cutting machine (WCM) refers to an industrial tool that uses high-pressure water jet streams to cut and shape different materials. The stream consists of water or abrasive liquids that can cut through metals, glasses, foams and reflective materials without melting, warping or distorting their original structure. The machines do not require heat for cutting and can maintain the quality of the materials that are sensitive to high temperatures. They also offer various other benefits, such as high precision cutting, ability to cut heterogeneous materials and minimal water consumption. Owing to this, they find extensive applications across multiple industries, including automotive, electronics, aerospace & defense, food and beverage, mining, metal fabrication, paper processing, textile, etc.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. Furthermore, widespread product adoption by the automobile industry is also providing a boost to the market growth. WCMs are used for manufacturing metal gaskets, automotive brake disks, clutches and intricate decorative fittings and brackets. Apart from this, they are also extensively used for manufacturing components made by using composite materials for aircraft turbines and jet engines. Additionally, various technological advancements, such as the development of micro, 3D and robotic WCMs, which offer cutting outputs with enhanced precision, are acting as another major growth-inducing factor. Moreover, WCMs find applications in the military and defense sector as they are used to develop guided missiles, fuselages, and space vehicles. Other factors, including rapid urbanization and significant growth in the industrial manufacturing and metal fabrication industries, are also expected to drive the market further.
2. What is the expected growth rate of the global waterjet cutting machine market during 2023-2028?
3. What are the key factors driving the global waterjet cutting machine market?
4. What has been the impact of COVID-19 on the global waterjet cutting machine market?
5. What is the breakup of the global waterjet cutting machine market based on the type?
6. What is the breakup of the global waterjet cutting machine market based on the application?
7. What are the key regions in the global waterjet cutting machine market?
8. Who are the key players/companies in the global waterjet cutting machine market?
A waterjet cutting machine (WCM) refers to an industrial tool that uses high-pressure water jet streams to cut and shape different materials. The stream consists of water or abrasive liquids that can cut through metals, glasses, foams and reflective materials without melting, warping or distorting their original structure. The machines do not require heat for cutting and can maintain the quality of the materials that are sensitive to high temperatures. They also offer various other benefits, such as high precision cutting, ability to cut heterogeneous materials and minimal water consumption. Owing to this, they find extensive applications across multiple industries, including automotive, electronics, aerospace & defense, food and beverage, mining, metal fabrication, paper processing, textile, etc.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. Furthermore, widespread product adoption by the automobile industry is also providing a boost to the market growth. WCMs are used for manufacturing metal gaskets, automotive brake disks, clutches and intricate decorative fittings and brackets. Apart from this, they are also extensively used for manufacturing components made by using composite materials for aircraft turbines and jet engines. Additionally, various technological advancements, such as the development of micro, 3D and robotic WCMs, which offer cutting outputs with enhanced precision, are acting as another major growth-inducing factor. Moreover, WCMs find applications in the military and defense sector as they are used to develop guided missiles, fuselages, and space vehicles. Other factors, including rapid urbanization and significant growth in the industrial manufacturing and metal fabrication industries, are also expected to drive the market further.
Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global waterjet cutting machine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product type, horsepower, machine size and application.Breakup by Type:
- Pure
- Abrasive
Breakup by Product Type:
- 3D Waterjet Cutting
- Micro Waterjet Cutting
- Robotic Waterjet Cutting
Breakup by Horsepower:
- 0 to 50 HP
- 51 to 100 HP
- Others
Breakup by Machine Size:
- Small
- Medium
- Large
Breakup by Application:
- Automotive
- Electronics
- Aerospace and Defense
- Mining
- Metal Fabrication
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being A. Innovative International Limited, Colfax Corporation, Dardi International Corporation, Flow International Corporation (Shape Technologies Group), Hornet Cutting Systems, Hypertherm Inc., Jekran Ltd., Jet Edge Inc., KMT GmbH, Koike Aronson Inc., Lincoln Electric Holdings Inc., Semyx LLC, Wardjet LLC (AXYZ International Inc.), etc.Key Questions Answered in This Report
1. What was the size of the global waterjet cutting machine market in 2022?2. What is the expected growth rate of the global waterjet cutting machine market during 2023-2028?
3. What are the key factors driving the global waterjet cutting machine market?
4. What has been the impact of COVID-19 on the global waterjet cutting machine market?
5. What is the breakup of the global waterjet cutting machine market based on the type?
6. What is the breakup of the global waterjet cutting machine market based on the application?
7. What are the key regions in the global waterjet cutting machine market?
8. Who are the key players/companies in the global waterjet cutting machine market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Waterjet Cutting Machine Market
6 Market Breakup by Type
7 Market Breakup by Product Type
8 Market Breakup by Horsepower
9 Market Breakup by Machine Size
10 Market Breakup by Application
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- A. Innovative International Limited
- Colfax Corporation
- Dardi International Corporation
- Flow International Corporation (Shape Technologies Group)
- Hornet Cutting Systems
- Hypertherm Inc.
- Jekran Ltd.
- Jet Edge Inc.
- KMT GmbH
- Koike Aronson Inc.
- Lincoln Electric Holdings Inc.
- Semyx LLC
- Wardjet LLC (AXYZ International Inc.)
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1.1 Billion |
| Forecasted Market Value ( USD | $ 1.5 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
