Market Size of Waterjet Cutting Machine Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.50 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Waterjet Cutting Machine Market Analysis
The waterjet cutting machine market is estimated to register a CAGR of 5.5% during the forecast period.
- The fast industrialization that has led to the growth of end-use industries like automotive, manufacturing, and others is the main driver of the waterjet cutting machine market. Robotic waterjet cutting machines and the introduction of automation in the manufacturing sector have substantially impacted market growth. In the APAC region, there is a sizable market for waterjet cutting devices.
- Waterjet cutters require less setup time and can cut a wide variety of materials. They can be set up with many heads that operate simultaneously to maximize productivity, and they can accommodate all sizes of product runs, including prototype runs, with efficiency. Advanced technologies like 3D cutting and multi-axis waterjet cutting could be introduced to make waterjet cutting easier and more widely used.
- Due to lockdowns caused by the COVID-19 epidemic, several products related to the waterjet cutting machine market were no longer produced. As a result, businesses that make waterjet cutting machines had to stop production, which hampered their market growth. However, in recent times, many operators have reopened and are operating at full capacity. By the beginning of 2023, this is anticipated to aid in the market's recovery. Equipment and machinery manufacturers must concentrate on safeguarding their personnel, supply networks, and operations to deal with urgent problems and implement new working procedures now that COVID-19 is finally over.
