Global Waterjet Cutting Machine Market

Waterjet Cutting Machine Market Size, Share, Growth Analysis, By Type(Pure and Abrasive), By Product(3D, Robotic, and Micro), By Pressure Range(Less Than 4200 Bar, and 4200 Bar & Above), By End User(Automotive, Electronics, Aerospace & Defense, Mining), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2283 | Region: Global | Published Date: May, 2024
Pages: 202 | Tables: 117 | Figures: 73

Waterjet Cutting Machine Market Regional Insights

North America holds the dominant market share that is projected to reach about 32% by the end of 2031. This growth is driven by several factors including the increasing adoption of automation, the presence of major manufacturers in this sector, and the expansion of industries such as aerospace and defense, metal fabrication, and automotive. In particular, the United States, known for its large-scale automobile production, has witnessed a significant surge in demand for waterjet cutting machines. Additionally, the rise of small and medium enterprises in the metal industry has further fueled market growth in the region.

Asia Pacific is the fastest-growing region in terms of growth rate, registering a share of about 26% by the end of 2031. This rapid growth can be attributed to the presence of both organized and unorganized key market players, particularly in countries like China and Japan, which are heavily investing in research and development activities to maintain competitiveness. Furthermore, the metal industry in the region is experiencing substantial growth, contributing to the overall expansion of the market.

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Waterjet Cutting Machine Market size was valued at USD 1.12 Billion in 2022 and is poised to grow from USD 1.82 Billion in 2023 to USD 2.9 Billion by 2031, at a CAGR of 6.0% during the forecast period (2024-2031).

In recent years, the market for waterjet cutting machines has witnessed a variety of growth strategies implemented by industry participants, including acquisitions, mergers, and collaborations. A key priority for prominent companies surveyed has been expanding their manufacturing presence in developing nations. Leading distributors of waterjet cutting machines are strategically focusing on maximizing sales through online channels to enhance their overall online presence. Additionally, companies in the waterjet cutting machine sector are actively investing in research and development to innovate and introduce novel products, facilitating expedited launches to bolster their sales. Thus, representing the competitive nature of the market. 'STM waterjet', 'International Waterjet Machines', 'Waterjet Corporation', 'Swaterjet', 'Foshan Yongshengda Machinery', 'Techni Waterjet', 'Dardi', 'Waterjet Sweden', 'Resato', 'LDSA', 'Kimtech', 'Jet Edge', 'Hornet Cutting System', 'Jekran', 'OMAX Corporation', 'KMT'

Ongoing advancements in waterjet cutting technology, including upgrades for pump efficiency, nozzle design, and abrasive delivery systems, drive market growth by improving cutting speed, accuracy, and versatility. Moreover, the mix of automation, robotics, and advanced CAD/CAM software further expands the capabilities of waterjet cutting machines, satisfying the evolving needs of modern manufacturing processes and driving adoption across various industries.

Rising Application for a Variety of Materials: Waterjet cutting machines are versatile tools capable of cutting a wide range of materials, including aluminum, granite, gaskets, foam, steel, and titanium. For instance, abrasive waterjets are specifically utilized for cutting exotic metals like titanium and Inconel, as well as stones and composites. On the other hand, pure waterjets are employed for cutting thick insulation and cement boards. Additionally, highly engineered composites such as reinforced plastic and carbon fiber pose challenges for traditional cutting methods like saws and mills, making waterjet cutting machines a preferred choice for these materials.

North America holds the dominant market share that is projected to reach about 32% by the end of 2031. This growth is driven by several factors including the increasing adoption of automation, the presence of major manufacturers in this sector, and the expansion of industries such as aerospace and defense, metal fabrication, and automotive. In particular, the United States, known for its large-scale automobile production, has witnessed a significant surge in demand for waterjet cutting machines. Additionally, the rise of small and medium enterprises in the metal industry has further fueled market growth in the region.

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Global Waterjet Cutting Machine Market

Report ID: SQMIG20I2283

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