The Global Market for Waterjet Cutting Machines is Projected to Reach US$2.6 Billion by 2024

Technological Advancements Lead to Large Scale Adoption of Waterjet Cutting Machines, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Waterjet Cutting Machines market. The global market for Waterjet Cutting Machines is projected to reach US$2.6 billion by 2024, driven by its superiority and eco-friendliness over other cutting technologies; innovations leading to large scale adoption; advances in abrasive waterjet technology; and steadily growing application areas such as automobile production, aerospace industry, food, textile among others.

Waterjet cutting systems continue to be the preferred machine tools for manufacturing companies due to their ability to machine thicker materials, superior edge finish, tight tolerances, eco-friendly nature and safety and versatility of the technology. Capability to cut wide range of material types, such as metals, non-metals, stone, plastics, wood, and ceramics represents the most important driver of waterjet cutting technology. A key benefit of waterjet is its cold cutting process, which requires fewer secondary operations, can cut with thin kerfs, causes no heat distortion, and does not produce any hazardous material. Industries demanding high precision of cutting such as medical, biotechnology and dentistry could present revenue-spinning opportunities for waterjet cutting machines. On the other hand, applications including measuring, aerospace fields, control and mechatronics also present lucrative opportunities for the technology. Rock excavation has been an active area of application for waterjet cutting machines since years. Recent years witnessed an increase in the cutting depths through waterjet technology on account of changes effected in the abrasive-injection method, thus expanding application areas. Innovations in the domain also led modern waterjet cutting machines to be powered by highly advanced UI with computer touch screens, which enables workers to handle multiple cutting tasks. Germany, Italy, the US and the likes are technologically advanced in the development of UHP waterjet cutting technology. Growing use of composite materials, technological advancements and customer awareness are expected to increase the demand for waterjet cutting systems.

Waterjet technology is on the constant path of adaptive evolution, with the growing demand for dependable and accurate machining processes from many industries. Several innovations that revolutionized the manufacturing industry are upgrades to waterjet systems for precision cutting and micromachining. Waterjets, especially abrasive water-jet technology has and will continue to remain focus areas of research and development. Innovation will help optimize the process parameters, and the technology cutting acumen and precision. Development of indexing chucks in place of rotating chucks enables machines to cut materials into different fancy shapes in tubing. Significant improvements are expected in the domain of maintenance, and the overall part quality used in the construction of the waterjet machine. These developments are poised to make waterjet cutting machines more user friendly, nice to look at and easy to work on. Rising requirement for automation of manufacturing processes is also driving demand for these machines, as they require less human guidance and manual intervention, even with regards to secondary finishing. While demand for these machines is on an upward trend, factors such as high maintenance expenses and risks related to worker safety are the current challenges being faced by the industry.

As stated by the new market research report on Waterjet Cutting Machines, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing region exhibiting a CAGR of 9.1% over the analysis period, led by factors such as expanding manufacturing sector; and the growing trend of outsourcing manufacturing processes like cutting and forming to low cost Asian countries and the resulting establishment of numerous new small, medium sized and large job shops in the region.

Major players in the market include Bystronic Laser AG, Dardi International Corp., Jet Edge, Inc., Omax Corp., Resato International BV, Shape Technologies Group, Inc., Flow International Corp., KMT Waterjet Cutting Systems, WARDJet Inc., Water Jet Sweden AB, and Waterjet Corporation s.r.l., among others.

The research report titled “Waterjet Cutting Machines: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in value (US$) for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America).

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