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

Drivers

Technological Advancements

• 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.

High Demand for Mechanized Waterjet Cutters from Industrial Sector

• In recent times, there has been a notable surge in demand for mechanized or automated waterjet cutters, especially within the industrial sector. This heightened demand is primarily attributed to the superior accuracy provided by mechanized waterjet cutters. They excel in minimizing material wastage, delivering heightened precision, and saving valuable time. Industries like fabrication and automotive manufacturing, which require precise cutting, drilling, and shaping, extensively rely on mechanized cutting machines.

Restraints

Lack of Skilled Individuals

• Operating a waterjet cutting machine requires thorough professional training. However, skilled individuals with the necessary technical expertise are often not readily available in emerging economies. This scarcity of skilled workers is expected to hinder the growth of the global waterjet cutting machine market over the forecast period.

High Operational Costs

• In addition to the leading cost of purchasing a waterjet cutting machine, it's important to consider the high operational costs associated with using the equipment. These operational costs include expenses for consumables like maintenance and energy consumption. Furthermore, operational costs are ongoing and accumulate over time, impacting on the overall cost of ownership for the equipment.