The global waterjet cutting machine market size is expected to grow from $1.06 billion in 2021 to $1.15 billion in 2022 at a compound annual growth rate (CAGR) of 8.70%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The waterjet cutting machine market is expected to reach $1.72 billion in 2026 at a CAGR of 10.59%.
What is the Global Waterjet Cutting Machine Market?
The waterjet cutting machine market consists of sales of waterjet cutting machine services by entities (organizations, sole traders, and partnerships) that are used to cut a range of materials and metals using a high-pressure water stream to generate the required cutting power. The water used in this process has been treated to remove abrasive substances and sand. This can be used to precisely cut very thick workpieces.
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What drives the Global Waterjet Cutting Machine Market?
Increasing demand for environment-friendly cutting processes and practices is significantly contributing to the growth of the waterjet cutting machine market. The stringent government policies towards usage of chemical fluids in the manufacturing process and increasing companies towards sustainable business practices had led to a shift in industries interests towards adopting environmentally friendly cutting methods and practices in sectors such as automotive, mining, electronics, construction, packaging, and textile. For instance, as the new Mineral Policy 2019 supports stringent legislation for environmentally friendly mining activities, this step includes the effective framing of the mineral policy. The use of cutting fluids in machining processes has a negative impact on the environment. As a result, most environmental machining research and development has centred on eliminating or minimizing the use of traditional cutting fluids or replacing them with environmentally friendly alternatives. Therefore because of numerous advantages, the demand for environment-friendly cutting processes and practices is expected to propel the growth of the waterjet cutting machine market over coming years.
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Global Waterjet Cutting Machine Market Segments
The global waterjet cutting machine market is segmented:
By Product: 3D Waterjet Cutting Machines, Micro Waterjet Cutting Machines, Robotics Waterjet Cutting Machines
By Technology: Pure, Abrasive
By Pump Type: Direct Drive Pump, Hydraulic Intensifier Pump
By Application: Exotic Metal and Non-Traditional Material Cutting, Ceramic/Stone Cutting, Glass/Metal Art, Gasket Cutting, Others
By Industry: Electronics, Metal Fabrication, Automotive, Aerospace, Food Processing, Textile, Others
By Geography: The regions covered in the waterjet cutting machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Waterjet Cutting Machine Global Market Report 2022 provides market size and growth forecasts for the global waterjet cutting machine market, global waterjet cutting machine market share, waterjet cutting machine market segments and geographies, waterjet cutting machine market competitive landscape including leading competitors’ revenues, profiles and market shares. The waterjet cutting machine market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Waterjet Cutting Machine Industry Players include Flow International Corporation, BYSTRONIC, Water Jet Sweden, Waterjet Corporation S.R.L., Dardi, Wardjet, OMAX Corporation, Koike Aronson, Inc, KMT, Techni Waterjet, Techni Waterjet, Huffman, Jekran, Lincoln Electric, STM waterjet, International Waterjet Machines, Foshan Yongshengda Machinery, Accurl, and LDSA. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
