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With 6.2% CAGR, Waterjet Cutting Machine Market Trends to Surpass USD 1.5 billion

08-01-2022 09:32 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

The waterjet cutting machine market is projected to grow from USD 1.1 billion in 2021to USD 1.5 billion by 2026; it is expected to grow at a CAGR of 6.2% from 2021 to 2026.Factors such as growth in automotive industry, growing adoption of waterjet cutting machines in various industries, and the operational efficiency waterjet cutting offers are driving the growth of the market.

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Abrasive waterjet to account for largest share of the market in 2027

Abrasive waterjet cutting machines use abrasive materials in the high-pressure waterjet to cut the materials. The abrasive waterjet is generated from pure water. In abrasive waterjet cutting machines, additional components such as pure water focusing nozzle, abrasive mixing chamber, and abrasive focusing nozzle are added to the cutting head. These machines are used for cutting applications such as glass, metal, stone, and tile cutting. They are used in industries such as aerospace & defense, automotive, and textile.

3D waterjet cutting machine market to grow at the highest CAGR during the forecast period

3D waterjet cutting machines are suitable for all manufacturing processes involving 3D cutting. The highly productive, precise waterjet cutting of 3D components has now become possible with such machines. The waterjet cutting systems are widely used in the aerospace and automotive industries, as well as in prototype development applications of various industries.

Automotive industry to dominate waterjet cutting machine market during the forecast period

The intense competition in the automotive industry has led to an increase in innovation and advanced manufacturing technologies in automobiles. The customer requirements are constantly changing due to which the automotive industry is facing a technological shift from traditional processes, which brings challenges such as the integration of customer relationship management with supply chain management, and quality management. Additionally, the development in automotive manufacturing and severe competition in the global market, force automotive manufacturers to invest strategically in their manufacturing infrastructure to gain the highest production output with minimal wastage. Waterjet cutting machines are used for the interior and exterior cutting of headliners, carpets, liners, dumpers, door and instrument panels, seats, composite parts, and castings of vehicles.

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North America to lead waterjet cutting machine market between 2021 and 2026

North America is one of the key regional markets for waterjet cutting machines. The rising demand for waterjet cutting machines in industries such as automotive, electronics, aerospace, and food to improve performance and reduce the overall operational costs would lead to the growth of the waterjet cutting machine market in North America.
The key players operating in the waterjet cutting machinemarket includeColfax (US), Omax(US), Flow (US), Koike Aronson (US), Wardjet (US), Techni Waterjet(Australia), Dardi (China), Waterjet Sweden (Sweden), and Innovative (India).

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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