Market Insight- Global Waterjet Cutting Machine Market 2017-2027

Market Overview

A waterjet cutter or also referred to as water jet is an industrial machine that utilizes high pressure water stream or mixture of water and abrasive substance to cut wide range of materials from granite to titanium. There are two types of waterjet cutting machines namely pure waterjet and abrasive waterjet.  Waterjet cutting machine is often used during fabrication of machine parts and is also used when the materials used are sensitive to high temperatures generated by other methods. Waterjet cutting machine finds application in aerospace and mining industry for cutting, reaming, and shaping purposes. The global waterjet cutting machine market is segregated on the basis of pump type, application type, pressure range, end-use industries, and regions.

The global waterjet cutting machine market is estimated to account for US$ 1,745.4 Mn in terms of value by the end of 2019.

Market Dynamics- Driver

  1. Growing consumer inclination towards waterjet cutting machine is expected to drive the global waterjet cutting machine market growth during the forecast period

Waterjet cutting has emerged as a multi-faceted, cost-effective, and efficient substitute to conventional cutting methods such as plasma, lasers, EDM, and mills. Waterjet cutting machine finds application in a variety of industries including ceramics, food, glass, disposable products, semiconductors, aerospace, defense, automotive, paper, etc. The process cuts the material accurately without generating heat or mechanical stresses. Moreover, waterjet cutting if environmentally beneficial, since it is a cold cutting process that eliminates waste and slag deformation. Abrasive jets are much faster than EDM, which removes metal at comparatively slower rate. Hence, these factors are expected to boost the market growth during the forecast period.

  1. High growth of automobile sector is expected to propel growth of the global waterjet cutting machine market over the forecast period

Waterjet cutting machine has witnessed significant demand from automobile sector. According to International Organization of Motor Vehicle Manufacturers (OICA), global car sales reached 95 million units in 2018, increasing from 75 million units in 2010. The automobile industry necessitates precision cutting and strict cutting tolerance, which is delivered by waterjet cutting machine. Moreover, evolving automobile design and increasing demand for automobiles worldwide is expected to propel the global waterjet cutting machine market growth in the near future.

North America region dominated the global waterjet cutting machine market in 2019, accounting for 36.7% share in terms of value, followed by Asia Pacific and Europe, respectively

Waterjet Cutting Machine  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. Slow adoption of waterjet cutting technologies in certain regions is expected to restrain the global waterjet cutting machine market growth during the forecast period

There has been slow adoption of waterjet cutting technologies in emerging economies. This is majorly due to cost-sensitivity and lack of trained professionals in the region, which in turn, is hindering the market growth significantly. For instance, advanced waterjet cutting machine with five-axis cutting capability that cuts part with high accuracy, little tapper, maximum material yield and minimal waste are widely used in developed countries like U.S. However, owing to high costs and low investment in such technologies, use of this advanced technology in developing countries is significantly lower. Thus, these factors are expected to restrain growth of the market in the near future.

  1. High initial cost of ownership is expected to hamper growth of the global waterjet cutting machine market over the forecast period

Initial ownership and installation cost of waterjet is substantially higher than its contemporary cutting equipment. The cost of waterjet cutting machine can go as high as US$ 35,000 to US$ 40,000, which is not affordable for small business owners. Moreover, such expensive machinery requires timely maintenance, which also costs a lot. This, in turn, is expected to hamper the adoption of the waterjet cutting machine and thereby restrict the market growth.

Market Opportunities

  1. Advent of robotic waterjet is expected to offer lucrative growth opportunities

The robotic water jets offer versatility of applications such as cutting, drilling, and cleaning. Automated waterjets are extensively used in high-precision industries such as electronics, aerospace, food, and automotive. Robotic waterjet eliminates secondary operations, eventually saving time and cost for the organizations. Furthermore, robotic waterjet allows the processing without the guidance of an operator, thereby minimizing wastage of materials. Moreover, robotic waterjets deliver high precision operation without dust and heat generation. This, in turn, is expected to pose lucrative opportunity for market players.

  1. Increasing demand from wind energy industry is expected to pose significant growth opportunity for market players

The design and manufacturing of wind turbine blades require high precision. Each blade is manufactured with unique design, in order to withstand higher wind loads. Waterjet cutting machine can design and manufacture these blades with high accuracy in a cost-effective manner. Increasing adoption of renewable energy across the globe is expected to offer lucrative growth opportunity for market players over the forecast period.

Waterjet Cutting Machine  | Coherent Market Insights

Source: Coherent Market Insights

Segment information:

In Global waterjet cutting machine market, by end-use industry segment, metal fabrication sub segment dominated the global waterjet cutting machine market in 2019, accounting for 38.3% share in terms of value, followed by automotive, ceramics, electronics, paper and pulp and others segment.

Waterjet Cutting Machine  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Extensive application for a variety of materials is expected to increase the demand for waterjet cutting machine

Waterjet cutting machine can be used for a variety of materials including aluminum, granite, gasket, foam, steel, and titanium. For instance, abrasive waterjets are used for exotic metals such as titanium & Inconel, stones, and composites. On the contrary, pure waterjets are used for thick insulation and cement boards. Moreover, highly engineered composites such as reinforced plastic and carbon fiber are challenging for saw and mills that are operated with waterjet cutting machine.

  1. Advent of micro waterjet cutting technology is another major trend in the market

Adoption of micro waterjet is the latest trend in the market, which uses micro water cutting technology. A micro waterjet cutting can cut through minute parts with highest accuracy and excellent surface finish. Micro waterjets have smaller nozzle and inject water with finer accuracy. Moreover, it is more efficient and cost-effective than EDM cutting microwateret. This technology can cut material without causing deburring & biocompatibility issues, reduce thermal stress and can be used on materials such as rubber, plastics, silicon, etc. Furthermore, this technology can be used for materials such as fiber-reinforced epoxy with mold-in titanium parts.

Value Chain Analysis

Waterjet Cutting Machine  | Coherent Market Insights

Competitive Section

Key companies operating in the global waterjet cutting machine market are WARDJet, STM Stein-Moser GmbH, International Waterjet Machines, Sugino Machine Limited, OMAX Corporation, Jet Edge, Inc., Caretta Technology s.r.l., DARDI International Corporation, TrennTek GmbH, PTV, spol. s.r.o., Semyx, LLC, Foshan Yongshengda Machinery Co., Ltd., Plasma Automation Inc. (VICON), KMT Waterjet, Hypertherm Inc. (Accustream), AKS Cutting Systems, A Innovative International Ltd., Metronics Technologies S.L., Hornet Cutting Systems, Water Jet Sweden, Koike Aronson, Inc., CMS Industries, and TECHNI Waterjet.

Key Developments

  1. Key players in the market are focused on product launch, in order to gain competitive edge in the market. For instance, in January 2017, WARDJet Inc. introduced WARDKit Plus waterjet product line named as WARDKit 5x5, WARDKit 5x5 Plus and E-1515, which is more effective than the previous one known as WARDKit.
  2. Key players in the market are involved in capacity expansion, in order to enhance their market presence. For instance, in January 2017, OMAX Corporation expanded its productivity in India by selling OMAX waterjet machines to a textile based company- Techaids that offers products to steel mills, textile mills, paper mills, and automotive industry. The company operates four OMAX waterjets fitted with Tilt-A-Jet taper-eliminating the cutting head.

Waterjet cutting is the process of cutting objects using the energy from high speed, high density, and ultra-high pressure water. In waterjet cutting the water is pressurized to around 300- 400 MPa and is projected through a nozzle of size 0.1 mm in diameter which helps to increase the speed of water and helps in cutting the material. Waterjet cutting machines are majorly used for industrial application for cutting or finishing the material. Waterjet cutting machine finds application in aerospace and mining industry for cutting, reaming, and shaping purposes.

Market Dynamics

Growing automobile and construction industry across the global is expected to drive the market growth during the forecasted period (2019-2027). As waterjet cutting machine are generally used for cutting of materials, dashboards and bumpers of vehicles in automotive industry. Furthermore, the robotic water jets offer versatility of applications such as cutting, drilling, and cleaning. Automated waterjets are extensively used in high-precision industries such as electronics, aerospace, food, and automotive. Robotic waterjet eliminates secondary operations, eventually saving time and cost for the organizations Moreover, abrasive waterjet cutting with five-axis or six-axis motion control is extensively preferred in aerospace industry for precision metal cutting of components, titanium, etc. Waterjet cutting technology is an ideal solution, since it does not generate heat and mechanical stresses that eliminate need for secondary operations. Considering all the above factors the demand for waterjet cutting machine market is expected to grow during the forecasted period.

Market Taxonomy

This report segments the global waterjet cutting machine market on the basis of pump type the market is segmented into, direct drive pump and intensifier pump. On the basis of application, the global Waterjet cutting machine market is segmented into, one dimensional cutting, two dimensional cutting and three dimensional cutting. On the basis of pressure range, the market is segmented into less than 4200 bar and greater than 4200 bar. On the basis of end-use industry the market is segmented into metal fabrication, automotive, ceramics, electronics, paper and pulp and others.

Key features of the study:

  • This report provides an in-depth analysis of the global waterjet cutting machine market and provides market size (Thousand Units & US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global waterjet cutting machine market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key players operating in the global Waterjet cutting machine are WARDJet, STM Stein-Moser GmbH, International Waterjet Machines, Sugino Machine Limited, OMAX Corporation, Jet Edge, Inc., Caretta Technology s.r.l., DARDI International Corporation, TrennTek GmbH, PTV, spol. s.r.o., Semyx, LLC, Foshan Yongshengda Machinery Co., Ltd., Plasma Automation Inc. (VICON), KMT Waterjet, Hypertherm Inc. (Accustream), AKS Cutting Systems, A Innovative International Ltd., Metronics Technologies S.L., Hornet Cutting Systems, Water Jet Sweden, Koike Aronson, Inc., CMS Industries, and TECHNI Waterjet.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global waterjet cutting machine market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Waterjet cutting machine market.

Detailed Segmentation:

  • Global Waterjet cutting machine Market, By Pump Type:
    • Direct Drive Pump
    • Intensifier Pump
  • Global Waterjet cutting machine Market, By Application:
    • One Dimensional Cutting
    • Two Dimensional Cutting
    • Three Dimensional Cutting
  • Global Waterjet cutting machine Market, By Pressure Range:
    • Less than 4200 bar
    • Greater than 4200 bar
  • Global Waterjet cutting machine Market, By End-use Industry:
    • Metal Fabrication
    • Automotive
    • Ceramics
    • Electronics
    • Paper and Pulp
    • Others
  • Company Profiles
    • WARDJet *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • STM Stein-Moser GmbH
    • International Waterjet Machines
    • Sugino Machine Limited
    • OMAX Corporation
    • Jet Edge, Inc.
    • Caretta Technology s.r.l.
    • DARDI International Corporation
    • TrennTek GmbH
    • PTV
    • s.r.o.
    • Semyx, LLC
    • Foshan Yongshengda Machinery Co., Ltd.
    • Plasma Automation Inc. (VICON)
    • KMT Waterjet
    • Hypertherm Inc. (Accustream)
    • AKS Cutting Systems
    • A Innovative International Ltd
    • Metronics Technologies S.L.
    • Hornet Cutting Systems
    • Water Jet Sweden
    • Koike Aronson, Inc.
    • CMS Industries
    • TECHNI Waterjet

*Browse all the market data tables and figures on "Global Waterjet cutting machine Market - Forecast to 2027”

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Pump Type
      • Market Snippet, By Application
      • Market Snippet, By Pressure Range
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Waterjet Cutting Machine Market, By Pump Type, 2017-2027  (Thousand Units and US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Direct Drive Pump
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
    • Intensifier Pump
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
  5. Global Waterjet Cutting Machine Market, By Application, 2017-2027  (Thousand Units and US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • One Dimensional Cutting
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
    • Two Dimensional Cutting
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
    • Three Dimensional Cutting
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
  6. Global Waterjet Cutting Machine Market, By Pressure Range, 2017-2027  (Thousand Units and US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Up to 4200 Bar
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
    • More than 4200 Bar
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
  7. Global Waterjet Cutting Machine Market, By End-use Industry, 2017-2027  (Thousand Units and US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Metal Fabrication
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
    • Automotive
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
    • Ceramics
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
    • Electronics
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
    • Paper
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
    • Others(Food, Medical, Aerospace & Defense)
      • Introduction
      • Market Size and Forecast, 2019–2027, (Thousand Units and US$ Million)
  8. Global Waterjet Cutting Machine Market, By Region, 2017-2027  (Thousand Units and US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Pump Type, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By Pressure Range, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By End-use Industry, 2019–2027 (Thousand Units and US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Pump Type, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By Pressure Range, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By End-use Industry, 2019–2027 (Thousand Units and US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Pump Type, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By Pressure Range, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By End-use Industry, 2019–2027 (Thousand Units and US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Pump Type, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By Pressure Range, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By End-use Industry, 2019–2027 (Thousand Units and US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Pump Type, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By Pressure Range, 2019–2027 (Thousand Units and US$ Million)
      • Market Size and Forecast, By End-use Industry, 2019–2027 (Thousand Units and US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Israel
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • WARDJet
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • STM Stein-Moser GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • International Waterjet Machines
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sugino Machine Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • OMAX Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Jet Edge, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Caretta Technology s.r.l.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • DARDI International Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TrennTek GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • PTV
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • s.r.o.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Semyx, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Foshan Yongshengda Machinery Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Plasma Automation Inc. (VICON)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • KMT Waterjet
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hypertherm Inc. (Accustream)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AKS Cutting Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • A Innovative International Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Metronics Technologies S.L.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hornet Cutting Systems
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Water Jet Sweden
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Koike Aronson, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • CMS Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TECHNI Waterjet
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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