Waterjet Cutting Machine Market Size & Growth Analysis to 2030

The global waterjet cutting machine market size is accounted to register a significant CAGR of over 5% during the forecast period and is estimated to reach around USD 1.5 billion by 2027. The rising adoption of waterjet cutting machines and high operation efficiency are some major factors to drive the market growth. Furthermore, the increasing adoption of the product in various end-use industries such as automotive, construction, mining, electronics, and packaging is further anticipated to boost the market growth over the forecast period. Moreover, the growing process automation in various industries is anticipated to fuel the market.

Market Drivers:

Versatility and Precision in Cutting: Waterjet cutting machines offer a high level of versatility and precision in cutting various materials, including metals, ceramics, stone, glass, composites, and plastics. They can handle intricate shapes, curves, and angles with minimal material wastage. The ability to cut a wide range of materials accurately and efficiently drives the demand for waterjet cutting machines across industries.

Growing Demand for Customization and Complex Designs: In many industries, there is an increasing demand for customization and the ability to create complex designs. Waterjet cutting machines enable manufacturers to produce precise and intricate designs with ease, allowing for customized products and unique shapes. Industries such as automotive, aerospace, architecture, and art and design benefit from the flexibility and design capabilities offered by waterjet cutting machines.

Environmentally Friendly Cutting Process: Waterjet cutting is considered an environmentally friendly cutting process compared to traditional cutting methods. It uses a combination of high-pressure water and an abrasive material, such as garnet, to cut through materials. The absence of heat-affected zones, minimal dust or fumes, and reduced material waste contribute to the environmentally friendly nature of waterjet cutting. The increasing focus on sustainability and environmentally conscious manufacturing practices drives the demand for waterjet cutting machines.

Advancements in Automation and Robotics: Automation and robotics play a significant role in the growth of the waterjet cutting machine market. Integration of waterjet cutting machines with robotic systems allows for automated material handling, precise cutting, and increased productivity. The use of robotics and automation in waterjet cutting reduces manual labor, enhances production efficiency, and enables 24/7 operation. The demand for automated cutting solutions and increased manufacturing automation drives the adoption of waterjet cutting machines.

Expanding Industries and Applications: The waterjet cutting machine market benefits from the expansion of industries and applications that require precise cutting solutions. Industries such as automotive, aerospace, defense, electronics, healthcare, and construction rely on waterjet cutting machines for various applications, including fabrication, part manufacturing, inlay work, tile cutting, and precision cutting of complex components. The growth of these industries and the continuous exploration of new applications drive the demand for waterjet cutting machines.

Advancements in Waterjet Technology: The continual advancements in waterjet cutting technology contribute to the market growth. Improvements in machine design, cutting speed, accuracy, and software control systems enhance the performance and capabilities of waterjet cutting machines. These advancements make waterjet cutting more efficient, cost-effective, and user-friendly, attracting a wider range of industries and applications.

Cost-effectiveness and Material Conservation: Waterjet cutting machines offer cost-effective cutting solutions by minimizing material wastage. The precise cutting capabilities and narrow kerf width of waterjet cutting reduce material loss, allowing manufacturers to optimize material usage and reduce costs. Additionally, the absence of heat-affected zones and the ability to cut a wide range of materials eliminate the need for secondary operations, further reducing costs and increasing efficiency.

Market Snapshot:

Market Insights:

The global waterjet cutting machine market is bifurcated into product, type, end-use, and geography. On the basis of product type, the market is further segmented into 3d, micro, and robotic machines. The 3D machine segment dominated the global market in 202 and is anticipated to hold the largest revenue share of over half of the market by the end of the analysis period. The increasing adoption of the product in various end-use industries such as automotive, aerospace, textile, and electronics is a major factor to drive the segment growth.

On the basis of end-use, the market is bifurcated into automotive, electronics, aerospace, metal fabrication, construction, and others. the automotive segment dominated the global waterjet cutting machine market in 2020 and accounted to hold the largest revenue share around one-fourth of the market share. The increasing adoption of waterjet cutting machines in automotive due to the increasing demand for the production of high precision automotive parts is a major factor to drive the segment growth. Furthermore, the improved flexibility of cutting tools and easy automation is further anticipated to increase the demand for waterjet cutting machines in the automotive industry.

To know more about the report, request sample papers

The waterjet cutting machine comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The waterjet cutting machine market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Market Segmentation:

By Product Type:

• 3D
• Micro
• Robotic

By End-Use:

• Automotive
• Electronics
• Aerospace
• Metal Fabrication
• Construction
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global waterjet cutting machine market in 2020 and estimated to hold the largest revenue share of over one-third percent of the market. The growing demand from various end-use industries such as automotive, aerospace, and electronics is a major factor to drive the market growth in the region. Furthermore, the high production capacity and large industrial base are some other factors expected to drive the market growth over the forecast period. On the other hand, the Asia Pacific is expected to grow at a fast growth rate during the forecast period.

Competition Assessment:

Some of the major market players operating in the global waterjet cutting machine market are Omax Corporation, Flow International Corporation, Koike Aronson, Inc., and Dardi International Corporation. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Omax Corporation
• Flow International Corporation
• Koike Aronson, Inc.
• Dardi International Corporation
• WARDJet, Inc.
• BYSTRONIC
• Lincoln Electric
• Techni Waterjet
• Colfax Corporation
• Waterjet Sweden

Key Questions Answered by Waterjet Cutting Machine Market Report

• Global waterjet cutting machine market forecasts from 2021-2027
• Regional waterjet cutting machine market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
• Waterjet cutting machine submarket forecasts from 2021-2027 covering the market by product type, by end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the waterjet cutting machine market
• Analysis of the key factors driving and restraining the growth of the global, regional and country-level waterjet cutting machine markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the waterjet cutting machine market