Waterjet Cutting Machine Consumables Market Is Expected To Grow At A CAGR Of 4.8% By 2021 to 2031:Persistence Market Research

Global waterjet cutting machine consumable sales are set to be valued at over US$ 1.8 Bn in 2021, with stable long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at 4.8% CAGR from 2021 to 2031.

Growing prominence for waterjet cutting machines has led to heightened demand for waterjet cutting machine consumables. Rapid technological advancements are also projected to complement market growth over the coming years. Demand for waterjet cutting machine consumables waned in 2020 due to the COVID-19 pandemic.

However, the market is in a recovery mode, which bodes well for the sales of these consumables in future. Considering the possibility of a stimulus in many countries, long-term outlook on the market remains positive.

To remain 'ahead' of your competitors, request for a samples@https://www.persistencemarketresearch.com/samples/18646

With flexible production being in demand, autonomous handling systems and robots are expected to adapt to changing requirements faster. Besides, those moving around with "domain+" skills would be on the top of the recruiters' agenda.

Augmented reality solutions are being asked for IoT functionality is capable of tracking and evaluating production quotas, expanding control rooms, and creating various models related to predictive maintenance. Industry 4.0 workforce would, indeed, be complementing robotics. Persistence Market Research is endowed with expertise herein in the form of consultants and analysts.

Key Takeaways from Market Study

Demand for waterjet cutting machine consumables is increasing with rise in production and sales volumes across end-use industries due to increase in investments and expansion of new industries in developing nations.
Due to the need for mass production, process automation has become a strong trend in the waterjet cutting machine consumables market. The market is shifting toward Industry 4.0 norms, leading to promotion and almost universal adoption of new technologies.

There is increasing demand from metal fabrication and automotive industries for deployment of modern equipment in various applications.
Increasing number of players focusing on R&D related to waterjet cutting machine consumables is anticipated to have a significant effect on market growth over the years to come.

Abrasive waterjet cutting machine consumables to hold over 56% market share.
Demand for waterjet cutting machine consumables witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -5%.
The market in India and China is set to surge at around 6% and 5% CAGRs, respectively, over the next ten years.

For critical insights on this market, request for ask an expert here @ https://www.persistencemarketresearch.com/ask-an-expert/18646

Competitive Landscape

The market is moderately consolidated, with key players accounting for more than half of the market share. Prominent market players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry are:

• Kennametal Inc.
• Flow International Corporation
• OMAX Corporation
• CERATIZIT S.A.
• GMA Garnet Pty. Ltd.
• Wardjet Inc.
• Hypertherm Inc.
• TECHNI Waterjet
• Jet Edge, Inc.
• KMT Waterjet
• ALLFI AG
• Opta Minerals Inc.
• Kimblad Technology AB
• H2O Jet
• Diamond Technology Innovations, Inc.
• Barton International Inc.

Explore PMR's Extensive Coverage on Industrial Automation Domain -

Retail Shelving System Market - Retail Shelving System Market Segmented By Wall Mount Retail Shelves, Floor Mount Retail Shelves, Gondola Shelves, Corner Shelving Type with Light Duty, Medium Duty, Heavy Duty Carrying Capacity in Steel Retail Shelves, Aluminium Retail Shelves, Wood Retail Shelves, Plastic Retail Shelves, Paperboard Retail Shelves, Fibreglass Retail Shelves Material: https://www.globenewswire.com/en/news-release/2022/05/03/2434801/0/en/Retail-Shelving-System-report-estimates-the-market-to-expand-at-8-8-CAGR-from-2021-to-2031.html

High Performance Butterfly Valve Market - Segmented By Lug, Wafer End Connection in Rubber seated BV, Offset HPBV Type in Carbon Steel, Stainless Steel, Nickel, Aluminium, Bronze Material: https://www.globenewswire.com/en/news-release/2022/04/14/2422884/0/en/High-Performance-Butterfly-Valve-Market-to-expand-at-over-8-value-CAGR-from-2021-to-2031.html

Americas Pipe Fittings Market - Americas Pipe Fittings Market Segmented By Steel & Steel Alloys, Copper, Brass, Aluminium, Plastic, Composite Material in Push-fit Pipe Fittings, Press-fit Pipe Fittings Function with Elbow Pipe Fittings, Tee Pipe Fittings, Reducer Pipe Fittings, Union Pipe Fittings, Coupling Pipe Fittings, Adapter Pipe Fittings, Cross Pipe Fittings, Pipe Fitting Caps, Pipe Fitting Flanges Type: https://www.globenewswire.com/en/news-release/2022/04/13/2422139/0/en/Americas-Pipe-Fittings-Market-to-reach-a-valuation-of-US-27-9-Bn-by-the-end-of-2032.html

Media Contact:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.