Waterjet cutting machine market

Waterjet Cutting Machine Market, by Pump Type (Direct Drive Pump and Intensifier Pump), by Application (One Dimensional Cutting, Two Dimensional Cutting and Three Dimensional Cutting), by Pressure Range (Less than 4200 bar and Greater than 4200 bar), by End Use Industry (Metal Fabrication, Automotive, Ceramics, Electronics, Paper and Pulp And Others) and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Nov 2022
CMI3290
130 Pages
Excel & Pdf
Industrial Automation and Machinery

Summary

A waterjet is a cutting instrument that uses high-pressure water and abrasives to cut diverse set of materials including foam, wood, titanium, granite, etc. Waterjet is can be used with or without an abrasive mixture. The abrasive waterjet is typically used for high-strength materials such as titanium, granite, and more. On the basis of pump type, the global waterjet cutting machine is segmented into a direct drive pump and an intensifier pump. On the basis of application, it is segmented into one, two, and three-dimensional cutting applications. On the basis of pressure range, it is divided into up to 4200 bar and more than 4200 bar. Furthermore, on basis of the end-use industry, the market is divided into Metal Fabrication, Automotive, Ceramics, Electronics, paper, and others.

The global waterjet cutting machine market is estimated to account for US$ 1919.1 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of 9.0% during the forecasted period (2022-2030).

Market Trend

Extensive application for a variety of materials is expected to drive the Waterjet Cutting Machine Market growth during the forecast period.

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.

Waterjet Cutting Machine Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 1,919.1 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	9.0 %	2030 Value Projection:	US$ 4,049.6 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: Israel, GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Pump Type: Direct Drive Pump, Intensifier Pump BY Application: One Dimensional Cutting, Two Dimensional Cutting, Three Dimensional cutting By Pressure range: Up to 4200 Bar, More than 4200 Bar By End-use: Metal Fabrication, Automotive, Ceramics, Electronics, Paper and Others (Food, Medical, Aerospace & Defense)
Companies covered:	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
Growth Drivers:	Rising Demand for Medical and Aerospace Industry is Expected to Drive the Growth High Demand for Mechanized Cutting from Industrial sector Expected to offer Lucrative Opportunities
Restraints & Challenges:	Lack of Skilled Individuals is Expected to Restrain the Global Waterjet Cutting Machine Market Growth over the Forecast Period

Market Opportunity

High demand for mechanized cutting from industrial sector in emerging economies is expected to offer lucrative opportunities

Mechanized or automated waterjet cutters have witnessed significant demand in the recent past, particularly from the industrial sector. This is due to the higher accuracy offered by mechanized waterjet cutters. A mechanized waterjet cutting machine does not require an operator to perform the entire process. Moreover, it minimizes the wastage of material, offers higher precision, and saves time. Various industries such as fabrication and the automobile sector require precision cutting, drilling, and shaping where a mechanized cutting machine is widely adopted. Such high demand from the industrial sector is expected to pose excellent growth opportunities for market players in the near future.

Market Restraint:

Lack of Skilled Individuals is Expected to Restrain the Global Waterjet Cutting Machine Market Growth over the Forecast Period.

Operating waterjet cutting machine requires thorough professional training. Such technically skilled individuals are not available in emerging economies, which in turn, is expected to restrain the global waterjet cutting machine market growth over the forecast period.

Global Waterjet Cutting Machine Market - Impact of Coronavirus (Covid-19) Pandemic:

Owing to the outbreak of COVID-19 pandemic, majority of industries revenue got hampered as government has imposed lockdown worldwide. The revenue drop has remain for long period of time as manufacturing or production activities of these industries was temporary suspended by government.

The pandemic also shown downtrend in the waterjet cutting machines market and disturbance in its supply chain. However, as per CMI analysis, the waterjet cutting machines market is expected to recover in 2 to 3 years.

Competitive Scenario

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.

Recent Developments:

In April 2020, AXYZ Group launched an 5-axis cutting head to WARDjet range of cutting Systems. This system is known to be Apex-60. This system was able to cut at angles of uptpo 60 degrees using cutting force of 39N with a maximum speed of 50.8 m/minute.
In March 2019, Key players in the market are involved in mergers and acquisitions, in order to enhance their market presence. For instance, in March 2019, OMAX Corporation merged into Hypertherm Inc. with OMAX working as a wholly-owned subsidiary of Hypertherm.

Forecasted North America is expected to hold a dominant position in the waterjet cutting machine market in 2021

Statistics:

North America will held a dominant position in the waterjet cutting machine market in overall forecast period, accounting for 38% revenue share in terms of market share, followed by Europe and Asia pacific.

Figure 1: Waterjet cutting machine Market Share (%), By Region, 2021

Asia Pacific waterjet cutting machine market is expected to witness a CAGR of 11% over the forecast period.

Asia Pacific waterjet cutting machine market is expected to be one of the prominent region in the global market and witness high growth during the forecast period. This is owing increasing demand for waterjet cutting machine in emerging economies such as South Korea, India, and China. Moreover, rapid industrialization, high disposable income, and high growth of electronics, automotive, and medical industries. It is expected to boost the regional market growth.

Figure 2: Global Waterjet Cutting Machine Market (US$ Mn) Analysis and Forecast, 2017 – 2030

The waterjet cutting machine market was valued at US$ 2,027.5 Mn in 2022 and is expected to reach US$ 4,049.6 Mn by 2030, growing at a CAGR of 9.0% between 2022 and 2030.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on "Global Waterjet Cutting Machine Market- Global forecast to 2030”.

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the current waterjet cutting machine market size?

The waterjet cutting machine market is valued of US$ 1,919.1 Million in 2021 and is expected to reach US$ 4,049.6 million by 2030.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The market is expected to witness a CAGR of 9.0% during the forecast period (2022-2030).

What is the primary factor contributing to the growth of the market?

Growing consumer inclination towards waterjet cutting machine and high growth of automobile sector are the major factors that are expected to the market over the forecast period.

Based on End-use Industry, which segment held the largest market share in the Market in 2021?

Metal Fabrication segment held the largest market share among the End-use Industry in the Market in 2021.

Which region held the largest market share in the market in 2021?

North America held the largest share in the market in 2021.

Who are the key players operating in the market?

Key companies operating in the 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.