Waterjet Cutting Machine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Waterjet Cutting Machine Market has a High Potential for Growth in the APAC region. The Market is Positively Influenced by the Continuous Development in Automobiles, Manufacturing, and other Sectors. The Market is Segmented by Product Type (Robotic Waterjet Cutting, 3D Waterjet Cutting, Micro Waterjet Cutting), Industry (Automotive, Electronics, Aerospace, Construction, Mining Industry), and Geography.

Market Snapshot

Ma
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: <5 %

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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.

By Product Type
Robotic Waterjet Cutting
3D Waterjet Cutting
Micro Waterjet Cutting
By End User
Automative
Electronics
Aerospace
Construction
Mining Industries
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Middle East
United Arab Emirates
Saudi Arabia
Rest of the Middle East

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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.

t1

Growth Potential in Consumer Electronic Industry

The consumer electronics industry is growing, and it helps the waterjet cutting machine industry grow, as waterjet cutting machines are used for manufacturing circuit boards, cable stripping (insulation coverings), and many more processes. A few main drivers for the growth of consumer electronics include the rising demand for smartphones, artificial intelligence, and voice recognition technology, and the replacement cycles and dropping prices of many electronic devices that encourage continued consumption. Because of the development of new technology, consumer electronics have evolved and are interconnected with multiple industries and sectors, including software, app development, robotics, artificial intelligence, and personalized healthcare.

T2

Competitive Landscape

The report covers the major players operating in the waterjet cutting machine market. The presence of global companies and several local players have created such a market scenario. Flow International, Dardi International, WARDJet Inc., and a few other companies hold the major market share on a global scale. The waterjet cutting machine market is consolidated.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Robotic Waterjet Cutting

      2. 5.1.2 3D Waterjet Cutting

      3. 5.1.3 Micro Waterjet Cutting

    2. 5.2 By End User

      1. 5.2.1 Automative

      2. 5.2.2 Electronics

      3. 5.2.3 Aerospace

      4. 5.2.4 Construction

      5. 5.2.5 Mining Industries

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

      5. 5.3.5 Middle East

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of the Middle East

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Mergers and Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 OMAX Corporation

      2. 6.3.2 WaterJet Germany Private Limited

      3. 6.3.3 Hypertherm Inc.

      4. 6.3.4 Colfax Corporation

      5. 6.3.5 Jekran Ltd

      6. 6.3.6 International Waterjet Machines

      7. 6.3.7 Jet Edge Inc.

      8. 6.3.8 KMT Waterjet

      9. 6.3.9 Flow International

      10. 6.3.10 Dardi International

      11. 6.3.11 WARDJet Inc.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Global Waterjet Cutting Machine Market market is studied from 2016 - 2026.

The Global Waterjet Cutting Machine Market is growing at a CAGR of <5% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

OMAX Corporation, WaterJet Germany Private Limited, Hypertherm Inc., Colfax Corporation, Jekran Ltd are the major companies operating in Global Waterjet Cutting Machine Market.

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