The “Global 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) - Global Forecast to 2027”, is estimated to account for US$ 1,745.4 Mn in terms of value by the end of 2019 and is expected to grow at a CAGR of 8.9% during the forecasted period (2019-2027), as highlighted in a report published by Coherent Market Insights.
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 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 direct drive pump and 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 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$ 1,745.4 Mn in terms of value by the end of 2019 and is expected to grow at a CAGR of 8.9% during the forecasted period (2019-2027)
High demand from medical and aerospace industry is expected to drive the global waterjet cutting machine market during the forecast period
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. Moreover, waterjet cutting machine offers higher accuracy than its contemporary equipment, which is necessary for aerospace parts such as engine components, fuselage, rotary blades, and interior cabin panels. Waterjet technology offers various advantages over other technologies, especially for medical applications without altering the structural properties of material. Therefore, these factors are expected to boost the market growth in the near future.
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 industrial sector. This is due to higher accuracy offered by mechanized waterjet cutters. 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 times. Various industries such as fabrication and automobile sector require precision cutting, drilling, and shaping where mechanized cutting machine is widely adopted. Such high demand from industrial sector is expected to pose excellent growth opportunities for market players in the near future.
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.
Asia Pacific waterjet cutting machine market is expected to 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. Asia Pacific waterjet cutting machine market is expected to witness a CAGR of 10% over the forecast period.
Micro waterjet cutting has witnessed significant demand from numerous industries. It is equipped with smaller nozzle and finer garnet and provides finer accuracy than other technologies. Moreover, unlike laser or EDM cutting technology, micro waterjets cut without heat affected zones. Various materials can be cut with micro waterjet cutting technology including rubber, silicon, plastics, etc. Moreover, it is used for materials such as carbon fiber-reinforced epoxy with mold-in titanium parts.
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.