The global waterjet cutting machines market revenue was around US$ 12,37.055 million in 2022 and is estimated to reach US$ 21,07.791 million by 2031, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period from 2023 to 2031.
The waterjet cutting machine is flexible and can cut irregular shapes from any material with high accuracy and edge quality. The abrasive-coated waterjet cutting machine can cut about any thickness and shape, including bonded laminated materials such as aluminum composite panels and rubber-lined wear plates. It is a cold-cutting process, which avoids hardened edges and heat distortion.
Market Driving Factors
Vast application for a variety of materials is estimated to boost the market growth. This is due to the waterjet cutting machine can be utilized for a variety of materials including granite, aluminum, foam, gasket, titanium, and steel. For instance, abrasive waterjets are utilized for exotic metals such as composites and stones.
Increased demand for mechanized cutting from the industrial sector in emerging economies is estimated to provide lucrative possibilities for the market. This is due to the mechanized or automated waterjet cutters have witnessed substantial demand, especially from the industrial sector. This is owing to the higher accuracy provided by mechanized waterjet cutters. Furthermore, a mechanized waterjet cutting machine does not need an operator to conduct the entire process. Moreover, it decreases the wastage of material, provides higher precision, and saves time. As a result, several industries such as the automobile sector and fabrication sector need exact cutting, shaping, and drilling, where a mechanized cutting machine is broadly adopted.
The inability to achieve cuts at a distinct depth can restrict market expansion.
Regional Analysis
North America dominated the market in terms of the largest shares and is estimated to maintain its dominance. This can be attributed to the increased automation, and existence of major manufacturers operating in this business, as well as a surge in the defense & aerospace, metal fabrication, and automotive industries. Furthermore, the emergence of small and medium enterprises is a significant element driving the metal industry in this region, which will boost the market.
Asia Pacific is estimated to dominate the market in terms of the highest rate during the forecast period. This is mainly due to the existence of various unorganized and organized key players. Furthermore, nations including Japan and China are concentrating on research and development activities to stay competitive in the market.
Segmentation Insights
Type Insight
The abrasive waterjet cutting machines dominated the market in terms of growth rate and are expected to maintain their dominance. This can be attributed to the increased demand for exact automobile performance components and different cutout materials, such as brake types, wings, turbines, and gears in the aerospace, electronics, defense, and mining industries. Furthermore, the abrasive waterjet cutting machines combine abrasive particles, such as garnet with a high-pressure water stream to speed up the cutting process by spoiling stones, metals, and composites with incredible speed and precision. As a result, high-strength materials are continually cut with abrasive water jets.
End User Industry Insight
The aerospace segment is estimated to dominate the market in terms of growth rate. This is mainly owing to the waterjet cutting machines are becoming more standard for making parts and components for aircraft made of composite materials, such as jet engines and turbine blades.
The automotive segment is expected to dominate the market in terms of the largest shares. This is mainly due to the high adoption of water-cutting machines in the automotive industry, due to the surging demand for creating high-precision complicated automotive parts. Furthermore, robotic systems are also increasing in usage along with the waterjet cutting machines in the production lines within the automotive industry to raise operational efficiency.
Prominent Companies
Segmentation Outline
The global waterjet cutting machines market segmentation focuses on the Type, Dimension Cutting, End User Industry, and Region.
By Type
By Dimension Cutting
By End User Industry
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL WATERJET CUTTING MACHINES MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: WATERJET CUTTING MACHINES MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL WATERJET CUTTING MACHINES MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL WATERJET CUTTING MACHINES MARKET, BY TYPE
5.1 OVERVIEW
5.2 ABRASIVE WATERJET CUTTING MACHINES
5.3 NON-ABRASIVE WATERJET CUTTING MACHINES
6 GLOBAL WATERJET CUTTING MACHINES MARKET, BY DIMENSION CUTTING
6.1 OVERVIEW
6.2 ONE DIMENSIONAL CUTTING
6.3 TWO-DIMENSIONAL CUTTING
6.4 OTHERS
7 GLOBAL WATERJET CUTTING MACHINES MARKET, BY END USER INDUSTRY
7.1 OVERVIEW
7.2 AUTOMOTIVE
7.3 METAL FABRICATION
7.4 ELECTRONICS
7.5 AEROSPACE
7.6 OTHERS
8 GLOBAL WATERJET CUTTING MACHINES MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL WATERJET CUTTING MACHINES MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 RESATO INTERNATIONAL BV
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 KOIKE ARONSON INC
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 HYPERTHERM INC
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 DARDI INTERNATIONAL CORPORATION
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 SPACECLAIM CORPORATION
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 JET EDGE INC
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 COLFAX CORPORATION
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 FLOW INTERNATIONAL CORPORATION
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 OMAX CORPORATION
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 SHAPE TECHNOLOGIES GROUP
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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