by The Waterjet Cutting Machine Market is estimated to be valued at US$2280.08 Mn in 2023 and is expected to exhibit a CAGR of 9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Waterjet cutting machines use a very high-pressure jet of water, or a mixture of water and an abrasive substance, to cut materials. Using computer-controlled cutting heads, waterjet machines can cut intricate patterns through flexible materials such as fabrics, paper, leather, non-ferrous metals, glass, stone and composites. Typical usage includes cutting shapes in stone, steel and acrylic sheets and panels in various industries including aerospace, automotive, shipbuilding, electronics, construction, mining and more. Waterjet cutting results in minimal heat impact and distortion, thus it is ideal for cutting precision parts and heat-sensitive materials.
Market Dynamics:
There are two key drivers for the growth of the waterjet cutting machines market. Firstly, the growing demand for precision cutting technologies from various end-use industries such as aerospace, automotive, electronics, construction, shipbuilding and others is fueling the adoption of waterjet cutting machines. Compared to traditional methods such as sawing, lasers or plasma, waterjet cutting results in higher precision, better edge quality and tighter tolerances which is ideal for cutting complex profiles and intricate patterns easily. Secondly, the ability of waterjet machines to cut virtually any material without generating heat that is common during plasma and laser cutting processes further expands its scope of application. Waterjet cutting is suitable for temperature-sensitive materials such as rubber and composite without deleterious effects associated with heat. This has significantly increased its usage for cutting heat-sensitive materials across industries.
Segment Analysis
The waterjet cutting machine market is dominated by the abrasive waterjet cutting sub-segment. This sub-segment uses a mixture of water and abrasive material like garnet to cut through even the hardest materials like steel and titanium. It has found widespread applications across industries like mining, manufacturing, aerospace where precision and flexibility of cuts are major requirements.
PEST Analysis
Political: Favorable government policies and regulations supporting growth of manufacturing and infrastructure sectors create demand for technologically advanced waterjet cutting machines.
Economic: Growing economies and rise in manufacturing and industrial activities worldwide fuel market expansion. Cost-effectiveness of waterjet cutting over traditional techniques boosts adoption.
Social: Emphasis on workplace safety and precision cutting needs of newer materials drives social demand.
Technological: Advancements in nozzle technology, mixing chambers, motion controllers etc. improve efficiency and cut a wide range of diverse materials.
Key Takeaways
The Global Waterjet Cutting Machine Market Size is expected to witness high growth, exhibiting CAGR of 9% over the forecast period, due to increasing need for flexibility and precision cutting across industries.
The Asia Pacific region dominated the market, with China being the major market, owing to strong growth in manufacturing industries in the region.
Japan and India are also witnessing rapid growth attributed to heavy investments in infrastructure development and automotive production.
Key players operating in the waterjet cutting machine market incorporate 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, A Innovative International Ltd., Metronics Technologies S.L., Hornet Cutting Systems, Water Jet Sweden, Koike Aronson, Inc., CMS Industries, and TECHNI Waterjet.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
