Global Waterjet Cutting Machine Market Size study & Forecast, by Type (Pure, Abrasive), by Product (3D Waterjet Cutting Machines, Robotic Waterjet Cutting Machines, Micro Waterjet Cutting Machines), by Application (Foam Product Cutting, Exotic Metal & Non

Global Waterjet Cutting Machine Market Size study & Forecast, by Type (Pure, Abrasive), by Product (3D Waterjet Cutting Machines, Robotic Waterjet Cutting Machines, Micro Waterjet Cutting Machines), by Application (Foam Product Cutting, Exotic Metal & Non-Traditional Material Cutting, Ceramic/Stone Cutting, Glass/Metal Art), by End Use and Regional Analysis, 2023-2030

Global Waterjet Cutting Machine Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. The waterjet cutting machine offers unparalleled flexibility, capable of precision cutting of irregular shapes from various materials. Particularly, the abrasive-coated waterjet cutting machine excels in cutting a wide range of shapes and thicknesses, including bonded laminates such as rubber-lined wear plates and aluminum composite panels. Employing a cold-cutting technique, avoids heat distortion and hardened edges, making it ideal for delicate metal fabrication and products necessitating additional machining post-cutting. Moreover, the waterjet cutting machine delivers outstanding cutting quality, ensuring precise outputs without the requirement for secondary finishing steps. The market growth is driven by key factors such as an increasing inclination toward eco-friendly cutting procedures, a rise in the adoption of advanced machinery and a rise in demand for customized products.

The electronics segment maintains its global dominance, driven by escalating demand for electronic appliances, rapid digitalization, and substantial investments in innovative technology. For example, according to the Indian Brand Equity Foundation, internet users in India expanded from 665.31 million in 2019 to 700 million in 2020, and this figure is projected to reach 835 million by 2023. With the continued rise of digitalization and increasing electronics user penetration, the market is poised for sustained growth in the forecast period. Moreover, as per the World Economic Forum, the construction industry is experiencing a rapid uptake of smart and electronic technologies in 2021. This trend has contributed to a significant 5% increase in house prices across 23 countries, including Turkey, Canada, Denmark, and New Zealand. Consequently, the heightened demand for cutting machines in the construction sector is on the rise, fueling segment growth throughout the forecast period. However, a lack of skilled individuals and high ownership costs stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Waterjet Cutting Machine Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific region commands the highest market shares globally in the Waterjet Cutting Machine Market. This dominance is fueled by rapid technological advancements, enabling intricate detailing and precision cutting of materials such as stones, glass, and metals. Furthermore, increased adoption of cutting machines across various end-use industries, coupled with favorable regulatory policies and heightened expenditure from market players in the region, drives market demand. Moreover, Government initiatives aimed at bolstering manufacturing industries further contribute to market expansion throughout the Asia Pacific region. Additionally, rapid industrialization and improving economic conditions in countries such as China, India, and South Korea, along with growth in material handling, food & beverage, metal and mining, and electronic industries, are expected to spur market demand across the region.

Major market player included in this report are:
Flow International Corporation
Dardi International Corporation
ESAB
Hypertherm, Inc.
Jet Edge, Inc.
Koike Aronson, Inc.
OMAX Corporation
Resato International
WARDJet Cutting Solution
KMT Co. Ltd

Recent Developments in the Market:
 In November 2020, Wardjet Inc. unveiled its latest innovation, the X-2040 waterjet cutting machine. This cutting-edge equipment boasts impressive capabilities, operating at high speeds with exceptional accuracy, reaching a maximum cutting speed of 20 meters per minute. Equipped with special sensors, the machine automatically adjusts height, enhancing efficiency and precision. Anticipated advancements from industry leaders such as Wardjet Inc. are poised to drive significant growth in the Waterjet Cutting Machines Market throughout the forecast period.

Global Waterjet Cutting Machine Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Type, Product, Application, End-use, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Pure
Abrasive
By Product:
3D Waterjet Cutting Machines
Robotic Waterjet Cutting Machines
Micro Waterjet Cutting Machines
By Application:
Foam Product Cutting
Exotic Metal & Non-Traditional Material Cutting
Ceramic/Stone Cutting
Glass/Metal Art
Gasket Cutting
Fiberglass Cutting
By end-user:
Automotive
Electronics
Aerospace & Defense
Mining
Metal Fabrication
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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