Waterjet Cutting Machine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The waterjet cutting machine market is estimated to witness a CAGR of approximately 5%, during the forecast period. A waterjet cutting machine needs water for its operation. Water is the key raw material and it is abundantly available and inexpensive. Eco-friendly abrasive materials are utilized in the process. The major reason for the growth of the waterjet cutting machine market is the rapid industrialization, which results in the expansion of end-use industries, such as automobiles, manufacturing, and other sectors. The introduction of automation in manufacturing industries, along with robotic waterjet cutting machines, has an impact on market growth significantly. Waterjet cutting machines have a huge market in the APAC region. Waterjet cutters can cut many kinds of materials and they involve minimal setup time. They can efficiently accommodate product runs of all sizes (including prototype runs) and can be configured with multiple heads, working simultaneously to increase output. The introduction of advanced technologies, such as multi-axis waterjet cutting and 3D cutting, could ease the waterjet cutting process, to increase its penetration, worldwide. Newer innovations, such as micro waterjet cutting and nano jet cutting, are expected to supplement the growth of the waterjet cutting machine market. Market players have developed waterjet cutting machines at low prices, to cater to the needs of a wider customer base.

Scope of the Report

This report aims to provide a detailed analysis of the waterjet cutting machine market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights on various product and application types. Also, it analyses the key players and the competitive landscape in the waterjet cutting machine market.

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Key Market Trends

Implementation of Automation process Across Major Industries

The evolution of innovation and technological advancements, across manufacturing units, have highly influenced the adoption of automation technologies. Automation has grown in industries, by using solutions, like control systems and robotics, to enhance the production processes. By minimizing production cost and manufacturing time, automation has transformed the production process in the industrial sector. At transportation terminals, automation is boosting productivity and creating safer work environments. In the medical device industry, it is advancing product development and letting employees learn new technologies. And in aerospace, it is leading to new manufacturing processes and a future age of autonomous aircraft. The automation market has witnessed a surge over the past few years.

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