Email
Print
Waterjet Cutting Machinery Market - Forecast(2024 - 2030)
Waterjet Cutting Machinery Market Overview
The Global Waterjet Cutting Machinery Market size is estimated to reach $1.8 Billion by 2027, growing at a CAGR of 6.2% during the forecast period 2022-2027, owing to growing automation in manufacturing industries, rising interest in environmentally friendly cutting processes, and so on. Advanced technologies such as multi-axis waterjet cutting and 3D cutting are now widely used in metal fabrication & hydraulic mining applications. The increasing use of metals such as tungsten carbide & abrasive in the development of waterjet cutting machinery is expected to supplement the market growth. Additionally, technological advancement in the development of waterjet cutting machines, resulting in their low cost along with the emergence of robotic waterjet cutting machines is set to transform the Waterjet Cutting Machinery industry outlook in the coming time.
Waterjet Cutting Machinery Report Coverage
The “Waterjet Cutting Machinery Market Report – Forecast (2022-2027)” by
IndustryARC, covers an in-depth analysis of the following segments in the Waterjet Cutting Machinery Market.
By Type: Pure and Abrasive.
By Horsepower: 0 to 50 HP, 51 to 100 HP and Others.
By Machine Size: Small, Medium and Large.
By Offerings: Hardware, Software and Services.
By Waterjet: Abrasive and Non-abrasive.
By Product Type: 3D, Micro and Robotic.
By End-user: Automotive, Electronics, Aerospace, Construction, Mining
Industries and Others.
By Geography: North
America (the U.S., Canada, Mexico), Europe (the UK, Germany, France, Italy, Spain, Others),
APAC (China, Japan India, South Korea, Australia, Others), South America
(Brazil, Argentina, Others), RoW (Middle East, Africa)
Key Takeaways
- Abrasive Waterjet Cutting Machinery Market is analyzed to grow at the fastest rate of 7.4% CAGR during the forecast period 2022-2027, attributed to the increasing demand for precise automobile brake parts, growing utilization of abrasive waterjet cutting machines in aerospace & defense industries and so on.
- Automotive sector in the Waterjet Cutting Machinery Market is analyzed to grow with the highest CAGR of 6.9% during 2022-2027, owing to the increasing demand for high precision sophisticated automotive parts, growing adoption of robotic systems and so on.
- North America dominated the global Waterjet Cutting Machinery Market, attributed to the growing production capacity of large industries, rising adoption of waterjet technology in metal fabrication & hydraulic mining applications and so on.
- Technological advancement in the development of waterjet cutting machines and increasing adoption of robotic solutions across various industry segments are analyzed to significantly drive the market growth of the Waterjet Cutting Machinery Market during the forecast period 2022-2027.
Waterjet Cutting Machinery Market Segment Analysis - by Type
The abrasive Waterjet Cutting Machinery Market is analyzed to grow at the fastest
rate of 7.4% CAGR during the forecast period 2022-2027, attributed to
increasing demand for precise automobile brake parts, growing utilization of
abrasive waterjet cutting machines to cut out materials such as brake types,
wings, turbine, gears in aerospace & defense industries and so on.
Moreover, abrasive waterjet cutting machines combine abrasive particles such as
garnet with a high-pressure water stream to speed up the cutting process by
eroding materials such as metals, composites and stones with high speed &
precision, resulting in their wide adoption. According to KMT report 2021, end
users reported a 50% increase in cutting speed due to the adoption of waterjet
cutting machinery. Such factors are accelerating the growth of the Abrasive Waterjet
Cutting Machinery industry over time.
Waterjet Cutting Machinery Market Segment Analysis - by Industry Vertical
The automotive sector in the Waterjet Cutting
Machinery Market is analyzed to grow with the highest CAGR of 6.9% during
2022-2027, owing to increasing demand for high precision sophisticated
automotive parts, growing adoption of robotic systems in automotive
manufacturing units to improve operational efficiency and so on. Furthermore,
waterjet cutting machines are widely used in the automotive industry for
hygienic cutting and sanitation benefits. In June 2020, Koike Aronson launched ShopJet, a waterjet cutting machine that can handle a wide range of cutting
applications at a low cost. These factors are boosting the growth of the automotive
sector in the Waterjet Cutting Machinery industry in the coming time.
Waterjet Cutting Machinery Market Segment Analysis - by Geography
North America dominated the global Waterjet Cutting Machinery Market with a share of 38% in 2021, attributed to the growing production capacity of large industries, rising adoption of waterjet technology in metal fabrication & hydraulic mining applications, increasing emphasis on minimizing production cost & manufacturing time, leading to the automation in the industrial sector and so on. Additionally, they can accommodate product runs of any size and can be arranged with multiple heads that work simultaneously to increase output. In June 2022, Merrill Tool and Water Jet, located at Thomas St. in Merrill, rebranded and launched a new website in order to accelerate their regional business growth. These factors are transforming the Waterjet Cutting Machinery industry outlook in North American markets.
Waterjet Cutting Machinery Market Drivers
Technological Advancement in the Development of Waterjet Cutting Machinery is Positively Impacting Market Growth:
Technological advancement in the
improvement of waterjet cutting machinery is boosting market growth. Micro
and 3D waterjet cutting machines have emerged as a result of increased
investment and technological advancements in development technologies.
Additionally, robotic waterjet cutting machines are being widely adopted in
various end-user industries to increase their promote efficiency and perform
precise cutting operations. In January 2022, Fine part designs and builds
non-thermal micro waterjet cutter machines to enable new applications in
miniature cutting with ultra-high precision, surface quality and efficiency.
In April 2020, Water Jet launched Alphajet, the next generation of taper angle
control & perpendicular waterjet cutting with a compact design & a fixed
TCP point. These factors will eventually expand the Waterjet Cutting Machinery Market
size in the long run.
Increasing Adoption of Robotic Solutions Across Various Industry Segments is Propelling the Growth of Waterjet Cutting Machinery Market:
The growing application of robotic
solutions across various industry segments is accelerating the growth of
the Waterjet Cutting Machinery Market. In defense &
aerospace, automotive and energy industries precise cutting is
required for turbines, blades, spares and flanges. Robotic solutions are
used to improve the efficiency and productivity of every cutting process in real time and to reduce labor costs. These machines are
outfitted with smart control software which ensures a single operator control
multiple systems resulting in their wide adoption. According to a report by the International Federation of Robotics in 2022, the operational stock of
industrial robots hit a record high level of 3 million units worldwide, growing
at the rate of 13% between 2015 and 2020. In January 2022, WinWin reported that
robotic waterjet cutting technology offers a speed of 10 minutes per minute
leading to its great adoption in the automotive industry. These factors are elevating
the growth of the Waterjet Cutting Machinery Market size.
Waterjet Cutting Machinery Market Challenge
Lack of Awareness among End users about the Advantages of Using Water Jet Cutting Machines is Limiting the Market Growth:
Lack of
knowledge among end customers about the benefits of using water jet cutting
machines is restricting their market growth. Water
resources become increasingly valuable as environmental protection increases,
resulting in the increased prices of waterjet cutting machines. Furthermore, the
cutting direction and angle of water cutting are less flexible than other
cutting methods. According to a Sweterjet report published in 2022, the cost of
waterjet cutting machines will range between $30000 and $50000. The high cost of
waterjet cutting equipment is another significant issue resulting in the
limited adoption of waterjet cutting machines in SMEs. Such factors are impeding
the growth of the Waterjet Cutting Machinery industry.
Waterjet Cutting Machinery Industry Outlook
Product launches, acquisitions and R&D activities are key
strategies adopted by players in the Waterjet Cutting Machinery Market. The top 10
companies in the Waterjet Cutting Machinery Market are:
- Innovative International Limited
- Colfax Corporation
- Dardi International Corporation
- Flow International Corporation
- Hornet Cutting Systems
- Hypertherm Inc.
- Jekran Ltd.
- Jet Edge Inc.
- KMT GmbH
- Koike Aronson Inc.
Recent Developments
- In January 2022, FinJet launched the 2nd generation of waterjet cutting machines to provide high efficiency & output resulting in the wide adoption of waterjet cutting machines in Industry 4.0.
- In June 2021, MAXJET launched MAX LINERS, a new manufacturing division focused on providing a variety of waterjet cutting equipment to prevent wear in the materials.
- In April 2020, AXYZ Group updated its WARDJet waterjet cutting systems with Apex-60, an exclusive 5-axis cutting head designed to improve cutting precision to encourage the adoption of waterjet cutting machines in the automobile industry.
Relevant Report Titles:
Fluid Power Equipment Market - Industry Analysis, Market
Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: AIR 0269
Report Code: AIR 0258
Report Code: ESR 65675
For more Electronics Market reports, please click here