Waterjet Cutting Machines Market Growing Rapidly with Latest Rising Trend & Forecast By 2030

The waterjet cutting machines market size was valued at $1,098.90 million in 2020, and is estimated to reach $1,986.40 million by 2030, growing at a CAGR of 6.1% from 2021 to 2030.

The waterjet cutting machines market is anticipated to be driven by factors, such as increase in automation in the industrial sector and rise in acceptance of high-pressure water cutting in a variety of applications. Waterjet cutting is becoming more popular in a variety of industries, including electronics, automotive, metal fabrication, aerospace, food & beverages, and many more.

Technological improvements, such as adoption of high-speed and high-pressure waterjet machines, microjet cutting machines, and robotics integration in waterjet machines are projected to boost the market expansion.

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Waterjet cutting machines are mostly utilized in the automobile industry owning to strict requirements for delivering high-quality, dependable automotive products, as well as decreasing material waste. It offers smooth and burr-free surfaces and also prevent emission of harmful gases during the cutting procedure. In addition, the use of multi-axis 3D cutting heads for contouring and profiling has increased in the automobile industry.

Top Players:
The key players operating in the global waterjet cutting machine are Colfax Corporation, Conzzeta (Bystronic Laser AG), Dardi International Corporation, Flow International Corporation (Shape Tech Group), KMT Waterjet, OMAX Corporation, Resato International B.V., Jet Edge, and Wardjet, Belotti SPA.

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However, during the COVID-19 pandemic lockdown, various manufacturers in the waterjet cutting machines market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of waterjet cutting machine companies. In addition, lack of manpower and raw materials also constricted supply of equipment of waterjet cutting machine, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for COVID-19 are anticipated to lead to re-opening of waterjet cutting machine companies.

Key Segments:
By Type
• Abrasive Waterjet Cutting Machines
• Non Abrasive Waterjet Cutting Machines

By Dimension Cutting
• One Dimensional Cutting
• Two Dimensional Cutting
• Others

By End User Industry
• Automotive
• Metal Fabrication
• Electronics
• Aerospace
• Others

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