Waterjet Cutting Machine Consumables Market Future Set to Significant Growth with High CAGR value 2022 to 2031

Waterjet Cutting Machine Consumables Market Forecast to 2031

The global waterjet cutting machine consumables market is currently valued at over US$ 1.8 Bn. Sales of waterjet cutting machine consumables are projected to increase at 4.8% CAGR amounting to around 25,000 units over the next ten years. 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.

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Waterjet cutting machines are highly specialized tools that use a high-pressure stream of water, often mixed with abrasive particles, to cut through a wide variety of materials. As with any industrial equipment, these machines require a regular supply of consumables in order to maintain their performance and accuracy. In this research report, we will explore the market for waterjet cutting machine consumables, including an overview of the various types of consumables available, the key players in the market, and the major trends and growth drivers that are shaping the market.

Key Companies- 

• 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. and more

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.

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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.

Key Stakeholders 

Waterjet Cutting Machine Consumables Market Manufacturers 
Waterjet Cutting Machine Consumables Market Distributors/Traders/Wholesalers 
Waterjet Cutting Machine Consumables Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in the Waterjet Cutting Machine Consumables Market Report

• How is the Waterjet Cutting Machine Consumables Market expected to grow over the projected period?
• What direction is the Waterjet Cutting Machine Consumables Market expected to take in terms of volume and value during the forecast period?
• What is the impact of macroeconomic factors on the Waterjet Cutting Machine Consumables Market in future?
• What are the key market drivers in the Waterjet Cutting Machine Consumables Market?
• What are significant opportunities and improvement areas for Waterjet Cutting Machine Consumables Market manufacturers?
• What are the key developments and trends taking over the Waterjet Cutting Machine Consumables Market?
• Which are the emerging countries that are expected to create significant growth opportunities in the Waterjet Cutting Machine Consumables Market?

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