Global Waterjet Cutting Machine Market Introduction:
Waterjet cutting machines are the advanced machines utilized in manufacturing industries and workshops for execution of precise and accurate cutting operations on variety of work pieces. Manufacturing and metal working methods and processes have witnessed paradigm shift and advancement in terms of process control, automation, lean manufacturing, rejection control, and efficiency enhancement over the past two decades. Innovation in cutting technology and development of waterjet cutting machine is one such example. Increasing span of manufacturing automation and deployment of smart manufacturing processes have significantly provided boost for adoption of novel technologies for cutting operations. Manufacturing industry is witnessing gradual uptake of waterjet cutting machines across the globe. Development of robotic waterjet cutting machines, 3D and micro waterjet cutting systems are some of the advancements noticed global waterjet cutting machine market.
Waterjet cutting machine uses jet of water as its key element to cut thin or thick materials. Waterjet cutting machines are classified as pure waterjet cutting machines and abrasive waterjet cutting machines on the basis of technology. The waterjet cutting machine uses high pressurized jet of water for cutting soft, thin or porous materials. On the other hand, waterjet machines utilizing mixture of abrasives and water called as abrasive waterjet cutting machines. The abrasive waterjet is more effective and powerful when compared with pure waterjet cutting and it can cut harder materials ranging from titanium to steel. Global waterjet cutting machine market is growing substantially owing to benefits offered such as cold cutting process, versatile and ease of operation.
Global Waterjet Cutting Machine Market Dynamics:
Waterjet cutting machines can work over variety of shapes and it does not produce any dust or harmful particles during cutting, and possess ability to cut any material such as mild stone, copper, brass, aluminum, glass, ceramic, quartz and stone, these are the primary factors which is driving the global waterjet cutting machine market.
Another key benefit of waterjet cutting machine is ability to cut material without producing excess heat which may be harmful for some heat sensitive materials such as rubber, textiles, foam, leather, plastics, composites, tile, stone, glass, metals, food, paper and other materials.
Stable growth of automobile industry is the primary factor which is driving the global waterjet cutting machine market. Demand for automobiles has been increasing rapidly in the recent past, particularly in developing economies such as China and India. Growing end-use applications of waterjet cutting machines and technological innovations are the major drivers to the global waterjet cutting machinery market.
Manufacturing industry automation, high degree of fragmentation in metal working industry, up gradation of conventional manufacturing infrastructure, government initiatives to promote small scale enterprises are some of the macro-economic factors supporting growth of waterjet cutting machines across the globe.
Water conservation and availability concerns coupled with high cost of waterjet cutting machines are minor growth restraints in the global waterjet cutting machines market.
The recent introduction of micro waterjet cutting machines and increasing acceptance of 3D waterjet cutting systems represent significant technology shift in the global waterjet cutting machines market and this technology is expected to develop over the forecast period.
Global Waterjet Cutting Machine Market Segmentation:
Global waterjet cutting machine market can be segmented on the basis of technology and application. On the basis of waterjet cutting machine technology, the global waterjet cutting machine market is segmented as:
On the basis of application the waterjet cutting machine market can be segmented as:
Waterjet Cutting Machine Market Participants:
Some of the examples of waterjet cutting machine market participants include Bystronic, ESAB, KMT Waterjet, OMAX Corporation, Dardi International Corporation, Flow International Corporation, Jet Edge, Inc., Koike Aronson, Inc., Resato, WARDJet Inc. and others.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.