Global Market Study on Waterjet Cutting Machines: North America Estimated to Hold the Highest Market Share During the Forecast Period


  • Published On : Apr-2017 |
  • Pages : 229 Pages |
  • Format :

Manufacturers in the global waterjet cutting machine market are focusing on strengthening their supply chain, particularly in regions such as Asia Pacific and Europe. Key market players are also concentrating on strategic mergers and acquisitions with other players in order to increase global reach and enhance their product offerings. North America, Europe and Asia Pacific are expected to remain the key regions in the global waterjet cutting machine market, both from the supply side as well as the demand side in the next eight years. India, South Korea and China will provide significant opportunities in the global waterjet cutting machine market over the forecast period. These are some of the key findings from a new publication by Persistence Market Research titled “Waterjet Cutting Machine Market: Global Industry Analysis and Forecast, 2016-2024”.

Global Waterjet Cutting Machine Market – Regional Lifecycle Analysis

  • Asia Pacific and Latin America are at the growth stage of the product lifecycle. Currently, the penetration of waterjet cutting machine systems is increasing due to a rising number of applications of waterjet cutting in end use industries such as automotive, medical, and electronics
  • North America had the maximum installation of waterjet cutting machines globally in 2015. However, the acceptance of advanced waterjet technology such as robotic waterjet cutting machines has been increasing in high precision industries such as aerospace, defense, electronics, and automotive. The North America waterjet cutting machine market will start maturing after 10 years
  • In Europe, waterjet cutting is a cold cutting process that is extensively used in medical and aerospace applications. Further, 5-axis gantry robots and 6-axis articulated arm robots with waterjets are used increasingly in the automotive industry

Inputs from Primary Respondents

The director of one of the industries located in the Asia Pacific region explains that the use of waterjet cutting being a cold cutting process is expected to continue in medical applications due to its ability to precisely shape medical components without changing the intrinsic properties of the material. The sales manager of a Europe based cutting machine company told the expert team of Persistence Market Research analysts that demand for waterjet cutting machines in the aerospace industry is likely to rise over other technologies. According to the sales manager of a U.S. based manufacturing company, in automotive applications, use of 5-axis gantry robots and 6-axis articulated arm robots with waterjets has been rising since past few years.

Research Methodology

Yearly change in inflation rate has not been considered while forecasting market numbers.

Top-down approach has been used to assess market numbers for each segment, while bottom-up approach has been used to counter-validate the reached market numbers. Macro-economic indicators for automotive, metal fabrication, electronics, paper, and ceramics industry outlook have been considered to arrive at the indicated market numbers. The average price of each type of waterjet cutting machine is inferred across all the five assessed regions. Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analyzed and average market volume is deduced and reconfirmed prior to incorporating in the report. The market value of the global waterjet cutting machine market is thus calculated from the data derived from the average selling price and market volume.

For the eight year forecast of the global waterjet cutting machine market, various macroeconomic factors and changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast include the size of the current market, inputs from the supply side and the demand side and other dynamics shaping the scenario of the market. In the compilation of the report, the forecasts are conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting the client with crystal clear insights and future opportunities likely to emerge in the global waterjet cutting machine market.

Global Waterjet Cutting Machine Market: Segmentation

By Pump

  • Direct Drive Pump
  • Intensifier Pump

By Application

  • One Dimensional Cutting
  • Two Dimensional Cutting
  • Three Dimensional Cutting

By Pressure Range

  • Up to 4200 Bar
  • More than 4200 Bar

By End Use Industries

  • Metal Fabrication
  • Automotive
  • Ceramics
  • Electronics
  • Paper
  • Others (Food, Medical, Aerospace & Defense )

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Asia Pacific waterjet cutting machine market poised to depict the highest growth over other regions in the global waterjet cutting machine market

Asia Pacific is the fastest growing region in the global waterjet cutting machine market and is expected to drive the global market. Increasing demand for waterjet cutting machines from end-use industries as a result of economic growth, especially in emerging markets such as China and India is anticipated to drive the APAC waterjet cutting machine market. In terms of market value, the APAC waterjet cutting machine market accounted for close to 30% revenue share at the end of 2016 and is expected to cross 32% market value share towards the end of the projected period, indicating a gain of 250 basis points – the only region in the global waterjet cutting machine market to witness a gain in its BPS. APAC is one of the largest consumers of waterjet cutting machines. The Asia Pacific waterjet cutting machine market is projected to be valued at more than US$ 440 Mn in 2017 and is estimated to represent an incremental $ opportunity of more than US$ 450 Mn between 2016 and 2024. The Asia Pacific waterjet cutting machine market is slated to be valued at more than US$ 870 Mn by 2024 end, expanding at a CAGR of 10% over the period of assessment.

Rising per capita income and a rapidly developing automobile industry expected to fuel the growth of the waterjet cutting machine market in Asia Pacific

Asia Pacific is the quickest developing region in the global waterjet cutting machine market and is expected to drive the worldwide market during the anticipated period. In developing markets, for example India, China and South Korea, financial development has prompted an expansion of waterjet cutting technologies. This is likely to be a noteworthy driver for this regional market. Rapid industrialization, combined with high per capita income in these nations will augment the development of the automotive, electronics and medical industries. Interest for automobiles has been expanding quickly in the recent past, especially in developing regions of the Asia Pacific. Fast development in the automobile sector is the key driving component for the development of the waterjet cutting machine market in APAC. The automobile industry requires accurate cutting and strict cutting resilience, which is fulfilled by waterjet cutting machines.

Waterjet cutting has risen as an adaptable, financially savvy and perfect option to conventional cutting techniques, for example plasma, lasers, mills and EDM for some applications. Waterjet cutting machines have applications in numerous industries, for example metal cutting, automotive, aviation, defense, semiconductors, dispensable items, food, glass, ceramics, paper, and so on. This procedure cuts material without creating any heat or any mechanical stress. These inherent qualities of waterjet cutting machines are automatically creating robust growth of the waterjet cutting machine market.

waterjet cutting machine market

Intensifier pump segment anticipated to dominate the APAC waterjet cutting machine market throughout the forecast period

The intensifier pump segment accounted for over 80% value share of the APAC waterjet cutting machine market in 2016 and is expected to gain around 10 BPS over the forecast period to reach a market valuation in excess of US$ 710 Mn by the end of 2024. This segment is expected to remain dominant throughout the forecast period as the intensifier pump technology is a widely used low-cost technology that also offers a long life. In terms of value, the intensifier pump segment is expected to grow at a CAGR of 10% during the forecast period in the APAC waterjet cutting machine market. Among the various country markets across the Asia Pacific region, the China waterjet cutting machine market registered significant growth in 2016. China is projected to hold around 43% value share of the total APAC waterjet cutting machine market by 2024 end.

Company Profiles 

  • WARDJet
  • International Waterjet Machines
  • OMAX Corporation
  • Caretta Technology s.r.l.
  • TrennTek GmbH
  • Semyx, LLC
  • Plasma Automation Inc. (VICON)
  • Hypertherm Inc. (Accustream)
  • A Innovative International Ltd.
  • Hornet Cutting Systems
  • Koike Aronson, Inc.
  • TECHNI Waterjet
  • CMS Industries
  • Water Jet Sweden
  • Metronics Technologies S.L.
  • KMT Waterjet
  • Foshan Yongshengda Machinery Co., Ltd.
  • PTV, spol. s r.o.
  •  DARDI International Corporation
  • Jet Edge, Inc.
  • Sugino Machine Limited
  • STM Stein-Moser GmbH
  • Others.
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