The Waterjet Cutting Machines Market to grow by USD 432.08 million from 2022 to 2027, The need for high accuracy and efficiency to cut exotic materials is a key factor driving market growth- Technavio

NEW YORK, Jan. 19, 2024 /PRNewswire/ — The waterjet cutting machines market is set to grow by USD 432.08 million between 2022 and 2027 and register a CAGR of 6.52%, according to Technavio’s latest market research report estimates. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The report is segmented by Application, End-user, and Geography. The waterjet cutting machines market is fragmented, and the degree of fragmentation will accelerate. The increasing focus on automating the metal cutting process will offer immense growth opportunities. However, the High initial cost of implementation will hamper the market growth. Read FREE Sample Report to Understand the Complete Structure of this (Report Summary + TOC)

The report also covers the following areas:

An Innovative International Ltd., AAG INC., Dardi International Corp., ESAB Corp., Foshan Yongshengda Machinery Co. Ltd., Guangzhou Sino Achieve Mechanical Equipment Co. Ltd., Hornet Cutting Systems, Hypertherm Inc., Jet Edge Inc., Koike Aronson Inc., Leading Edge Cutting Solutions Inc., Metronics Technologies SLU, Optomec Inc., Resato International BV, SCM GROUP Spa, Shape Technologies Group Inc., Shenyang AUTOFU Technology Co. Ltd., STM waterjet GmbH, Sugino Machine Ltd., and Waterjet Corporation s.r.l. are some of the major market participants.

The Waterjet Cutting Machines Market is propelled by the growing demand for precision cutting technology in various industries such as aerospace component manufacturing, automotive parts fabrication, metal cutting, and more. Abrasive Waterjet Cutting and Pure Waterjet Cutting methods, driven by high-pressure pumps, CNC control systems, and advanced technologies like 3D Waterjet Cutting, offer unparalleled cutting accuracy and versatility across materials like glass, stone, and composites. Market trends emphasize the adoption of Multi-Axis Cutting Heads, Water Recycling Systems, and Robotic Waterjet Solutions, while compliance with industry standards and environmental impact considerations further contribute to the market’s evolution. Custom configurations, maintenance services, and waterjet safety equipment ensure a comprehensive solution for diverse applications.

Waterjet Cutting Machines Market 2023-2027: Segmentation

Application

Metal Cutting
Glass Cutting
Stone Cutting
Others

End-user

Metal Fabrication
Automotive
Electrical And Electronics
Aerospace And Defense
Others

Geography

North America
Europe
APAC
South America
Middle East And Africa

The market share growth by the metal cutting segment will be significant during the forecast period. Exotic metal includes stainless steel, titanium alloys, nickel, and cobalt. Heat-resistant superalloys are a crucial component in the manufacturing of products, such as automobiles, aeronautics, defense, and electronics. These heat-resistant metals require a cold-cutting process. As a result, there is a growing demand for waterjet machinery in metal-cutting applications.

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Driver -The need for high accuracy and efficiency are required for cutting exotic materials is notably driving the market growth. Waterjet cutting machines have become increasingly popular in various industries for their ability to cut a wide range of materials with high precision. Unlike heat-based cutting methods that rely on laser or plasma cutting machines for metal parts, waterjet cutting is suitable for a wider variety of materials, including reflective, conductive, heat-resistant, and heat-sensitive ones. This makes it a versatile and efficient option for many businesses.

Trends

The emergence of compact waterjet cutting machines is an emerging trend shaping the market growth.

Challenge

The availability of alternate cutting machine technologies is a significant challenge hindering market growth.

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Waterjet Cutting Machines Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist waterjet cutting machines market growth during the next five years
Estimation of the waterjet cutting machines market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the waterjet cutting machines market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of waterjet cutting machines market vendors

Related Reports:

The metal cutting tools market size is estimated to grow at a CAGR of 5.86% between 2023 and 2028. The market size is forecast to increase by USD 7.26 billion.

The Cutting Equipment Market size is estimated to grow at a CAGR of 5.52% between 2022 and 2027 and the size of the market is forecast to increase by USD 2,534.24 million.

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