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2023 Global Waterjet Cutting Machine Market - Business Statistics, Industry Trends, Emerging Technologies, Growth Challenges And Forecast To 2032
Waterjet Cutting Machine Market
Waterjet Cutting Machine Market Size, Growth Rate, And Forecast
The global waterjet cutting machine market size grew from $1.16 billion in 2022 to $1.28 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The waterjet cutting machine market size is expected to grow to $1.99 billion in 2027 at a CAGR of 11.6%.
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Waterjet Cutting Machine Market Drivers
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 the usage of chemical fluids in the manufacturing process and increasing companies toward 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, and construction, packaging, and textile.
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Waterjet Cutting Machine Market Segments
• 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, Other Applications
• By Industry: Electronics, Metal Fabrication, Automotive, Aerospace, Food Processing, Textile, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Waterjet Cutting Machine market.
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Waterjet Cutting Machine Market Key Players
Major competitors in the Waterjet Cutting Machine market include Flow International Corporation, BYSTRONIC, Water Jet Sweden, Waterjet Corporation S.R.L., Dardi, Wardjet, OMAX Corporation.
The Business Research Company's "Global Waterjet Cutting Machine Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Waterjet Cutting Machine Market Include:
1. Executive Summary
2. Waterjet Cutting Machine Market Characteristics
3. Waterjet Cutting Machine Market Trends And Strategies
4. Waterjet Cutting Machine Market - Macro Economic Scenario
5. Waterjet Cutting Machine Market Size And Growth
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26. Africa Waterjet Cutting Machine Market
27. Waterjet Cutting Machine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Waterjet Cutting Machine Market
29. Waterjet Cutting Machine Market Future Outlook and Potential Analysis
30. Appendix
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