Global Waterjet Cutting Machine Market was valued at US$ 1,919.1 Million in 2021 and is expected to surpass US$ 4,049.6 Million by 2030, registering a CAGR of 9.0% during the forecast period (2022-2030), 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) - , published by Coherent Market Insights.

Key Developments

  • In June 2020, Koike Aronson launched a product ShopJet (waterjet cutting machine). This machine accommodates a wide range of cutting applications at an effective cost.
  • Key companies in the market are focused on participating in events and conferences, in order to gain competitive edge in the market. For instance, in July 2019, OMAX Corporation showcased its full range of waterjet at FABTECH 2019, held at Chicago, IL, U.S.

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

The COVID-19 pandemic has adversely affected the Waterjet Cutting Machine Market. Waterjet cutting machines are widely used in the automotive industry as they have the capability of cutting, drilling, deburring and wire stripping, etc. Due to the pandemic, the automotive industry faced financial crises due to which many new projects were suspended which directly impacted the sales of the waterjet cutting machines used by automotive and FMCG industries. Hence, the Waterjet Cutting machine Market witnessed slow growth during the pandemic.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/waterjet-cutting-machine-market-3290

Browse 150 market data tables* and 90 figures* on “Waterjet Cutting Machines Market- Global forecast to 2030”

Market Driver

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 the 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 the need for secondary operations. Moreover, the 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 a material. Therefore, these factors are expected to boost market growth in the near future.

Market Opportunity

High Demand in Consumer Electronic Industry

The consumer electronics industry is growing, and it will help the waterjet cutting machine Market to grow, as waterjet cutting machines are used for manufacturing, cable stripping, circuit boards, and many more processes. Other main drivers which increase the growth of Waterjet Cutting Machine Market are electronics which includes the rising demand for Mobile devices, artificial intelligence, and voice recognition technology, and the replacement cycles and dropping prices of many electronic devices that will increase the continuous consumption rate. Due to this development of new technology, consumer electronics have evolved and are interconnected with multiple industries and sectors, including app development, cable stripping, robotics, artificial intelligence, and healthcare

Key Trends and Analysis of the Waterjet Cutting Machine Market:

  • 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 ~11% 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.
  • Major players operating in the Waterjet Cutting machine market include 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, An Innovative International Ltd., Metronics Technologies S.L., Hornet Cutting Systems, Water Jet Sweden, Koike Aronson, Inc., CMS Industries, and TECHNI Waterjet.

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