Waterjet Cutting Machinery Market is likely to clock a CAGR of 8.30% from 2017 to 2024

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.

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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.

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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.

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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.

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