The increasing preference for an environment-friendly cutting process within industries like electronics, automotive, construction, packaging, textile, and mining is one of the key factors for market growth.
JERSEY CITY, N.J., Oct. 28, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Waterjet Cutting Machine Market" By Product (3D Waterjet Cutting Machines, Micro Waterjet Cutting Machines), By Application (Ceramic/Stone Cutting, Glass/Metal Art, Gasket Cutting), By Industry (Electronics, Metal Fabrication, Automotive, Aerospace), By Geographic Scope And Forecast.
As per the deep research carried out by Verified Market Research, the global Waterjet Cutting Machine Market size was valued at USD 1.12 Billion in 2021 and is projected to reach USD 1.73 Billion by 2030, growing at a CAGR of 5.5% from 2022 to 2030.
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Global Waterjet Cutting Machine Market Overview
The changing preference for adopting environment-friendly cutting processes and practices within industries like automotive, mining, electronics, construction, packaging, and textile is one of the key factors attributing to plug growth. Furthermore, a rise in process automation among the industries has led to the adoption of advanced machines over the forecast period. The waterjet cutting technology is gaining dependency among the industries due to its versatility in cutting different materials like metals, composites, glass, and flammable materials.
The demand for WCMs is anticipated to witness a big rise per annum, with a rise in demand for upgraded equipment. These have positively anticipated propelling the growth of the Global Waterjet Cutting Machine Market. There are certain challenges and restraints faced that will hinder the overall market growth. The factors such as the high total cost of ownership and requirement of technical know-how are limiting the market growth.
Key Developments
- On January 2020, OMAX Corp came into an agreement with Capital Machine Technologies, a machinery company. Under this agreement, Capital Machine Technologies would represent OMAX waterjets in Oklahoma, Texas, Louisiana, Mississippi, Arkansas, Alabama, North Carolina, Tennessee, South Carolina, Virginia, Georgia, and Florida. Moreover, all the four product lines i.e. OMAX, ProtoMAX, GlobalMAX, and MAXIEM, are resold by Capital Machine. These OMAX-built abrasive waterjets would come up with improved material handling technology for general machines and architectural shops.
- On October 2021, Bystronic Inc. has introduced three robotic welding cells powered by Cloos. Each has a specific scope of application based on the size and weight of the parts to be welded, and each comes with a two-station workpiece positioner.
Key Players
The major players in the market are Dardi International, Flow International, OMAX, Anjani Technoplast, Bystronic, ESAB Welding & Cutting Systems, Huffman, Jet Edge, KMT Waterjet Systems, PowerJet Systems, Resato International, Waterjet,Waterjet Sweden.
Verified Market Research has segmented the Global Waterjet Cutting Machine Market On the basis of Product, Application, Industry, and Geography.
- Waterjet Cutting Machine Market, By Product
- 3D Waterjet Cutting Machines
- Micro Waterjet Cutting Machines
- Robotics Waterjet Cutting Machines
- Waterjet Cutting Machine Market, By Application
- Exotic metal and Non-Traditional Material Cutting
- Ceramic/Stone Cutting
- Glass/Metal Art
- Gasket Cutting
- Others
- Waterjet Cutting Machine Market, By Industry
- Electronics
- Metal Fabrication
- Automotive
- Aerospace
- Food Processing
- Textile
- Others
- Waterjet Cutting Machine Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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