Global Waterjet Cutting Machine Consumables Report Overview
Components and materials, such as nozzles, mixing chambers, abrasives and grates, which are continuously used for the effective operation of waterjet cutting machines are known as consumables. During the operational lifespan of a machine, these consumables are replaced several times and hence, they have high growth prospects in the aftermarket.
In this waterjet cutting machine consumables market report, we have crunched the market for all types of consumables including nozzles, abrasives, water filters, gratings, focus tubes and others (mixing chambers, orifices, etc.). The abrasive segment is estimated to merge as a moderate value – high growth rate segment. Growing industrialization in emerging economies is expected to boost the demand for waterjet cutting machines, which is anticipated to drive the market growth throughout the forecast period
Factors Influencing the Waterjet Cutting Machine Consumables Market Growth
The demand for waterjet cutting machines, especially abrasive waterjet cutting machines, has been growing across the globe. A projectile shift from traditional cutting to waterjet cutting in developing regions is expected to accelerate the growth of the waterjet cutting machine consumables market. Furthermore, many metal fabrication industries are adopting waterjet cutting machines, owing to their salient features, such as high accuracy, coupled with the low tolerance of +/- 0.003, absence of heat-affected zone (HAZ) and ability to cut material without creating any distortions. Furthermore, these machines help in cutting products more efficiently and precisely and also allow multiple operations at a given time.
The high price associated with waterjet cutting machines slows down the sales of equipment, which results in the limited installation of machineries. This affects the consumption of waterjet cutting machine consumables and obstructs the market growth.
Key Developments in the Waterjet Cutting Machine Consumables Market
Kennametal Inc., Flow International Corporation, OMAX Corporation, Ceratizit S.A., GMA Garnet Pty. Ltd., Wardjet Inc. and Hypertherm Inc. are some of the prominent players in the waterjet cutting machine consumables market. These days, manufacturers in the waterjet cutting machine consumables market are focusing on mergers & acquisitions
Furthermore, all the key market participants in the global waterjet cutting machine consumables market are focusing on introducing new products in order to diversify their product portfolio.
Waterjet Cutting Machine Consumables Market Structure
In the waterjet cutting machine consumables market, Tier-1 players are projected to hold a substantial share in the global market. Prominent players have a strong hold in the developed regions. Tier-2 players are projected to account for approximately a 55% to 65% share in the global waterjet cutting machine consumables market and these players are focusing on aftermarket sales.
A Brief Introduction to the Research Methodology Employed for the Global Waterjet Cutting Machine Consumables Market
Our research methodology for this study on the waterjet cutting machine consumables market focuses on some key points such as defining research problems and objectives, Collecting, analyzing and interpreting information, selecting methods of data collection and deciding the type of data and developing the final research plan. During the research, we conducted a deep-dive research analysis on the applications of waterjet cutting machine consumables. Our team collected data pertaining to waterjet cutting machine consumables sales per region and country from various sources, such as waterjet cutting machine consumables manufacturers’ annual presentations & reports_bk_01_01_2020. We also conducted primary interviews with manufacturers of waterjet cutting machine consumables, suppliers and experts who have vast experience in the waterjet cutting machine consumables market.
Key Questions Answered in the Report
Key Players Dominating the Waterjet Cutting Machine Consumables Market
Some of the key players involved in the manufacturing of waterjet cutting machine consumables included in this study are Kennametal Inc., KMT Waterjet, Flow International Corporation, H2O Jet, GMA Garnet Pty. Ltd., Wardjet Inc., Techni Waterjet, Jet Edge, Inc., , V.V. minerals, Barton International Inc., Opta Minerals Inc., Kimblad Technology AB, Oskar Moser Technische Edelsteine, Diamond Technology Innovations, Inc., OMAX Corporation, ALLFI AG, Hypertherm Inc., WSI Waterjet System International, Hammelmann GmbH, and Ceratizit S.A., among others.
Waterjet Cutting Machine Consumables Market: Report Description
This PMR study offers an eight-year analysis and forecast for the global Waterjet Cutting Machine Consumables market between 2018 and 2026. The Waterjet Cutting Machine Consumables market study considers 2017 as the base year with market values estimated for 2018 and forecast developed for the duration between 2018 and 2026. Compound Average Growth Rate (CAGR) has been represented from 2018 to 2026. The study covers various perspectives of the global Waterjet Cutting Machine Consumables market, including market dynamics, value chain, pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic factors, along with segment level projections in a comprehensive manner. As per the findings of the study and perspectives of industry participants, the global Waterjet Cutting Machine Consumables market is projected to grow at a CAGR of 6.5% between 2018 and 2026, in terms of value. Gradual switch from laser cutting to Waterjet cutting technology in manufacturing methods is one of the key driving factors for the growth of the global Waterjet Cutting Machine Consumables market.
This Persistence Market Research report carefully analyses the Waterjet Cutting Machine Consumables market at a global and regional level through market segmentation on the basis of key parameters, such as pump type, application, pressure range and end use industry. The primary objective of the report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rates and other relevant information and statistics in a suitable manner to the readers or various stakeholders in the Waterjet Cutting Machine Consumables market.
The report is structured to allow readers to develop a thorough understanding of the Waterjet Cutting Machine Consumables market. It begins with market definitions, which are followed by the market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section covers a qualitative and quantitative assessment of the Waterjet Cutting Machine Consumables market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews and trends in the Waterjet Cutting Machine Consumables market.
Waterjet Cutting Machine Consumables Market: Segmentation
By Product Type
By End Use
Subsequent sections of the report provide value (US$ Mn) and volume (‘000 Units) projections for the Waterjet Cutting Machine Consumables market on the basis of the aforementioned segments at a global level. The global Waterjet Cutting Machine Consumables market values represented in these sections have been agglomerated by collecting data and information at a regional level. The Waterjet Cutting Machine Consumables market information, along with key facts and insights, covers unique analysis frameworks, such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share and attractiveness analysis for each of the sub-types covered in each segment of this Waterjet Cutting Machine Consumables report.
The next section of the report presents a summarized view of the global Waterjet Cutting Machine Consumables market based on five prominent regions considered in the study. The section includes regional market position, growth potential, trends and attractiveness analysis for each of these regions.
All the above sections evaluate the present market scenario and growth prospects in the global Waterjet Cutting Machine Consumables market while the forecast presented in the sections assesses the market size in terms of volume and value.
In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the global Waterjet Cutting Machine Consumables market is expected to develop in future. Given the characteristics of the Waterjet Cutting Machine Consumables market, we triangulated the outcome of three different types of analysis: primary research, secondary research and our own analysis. However, forecasting the market in terms of various Waterjet Cutting Machine Consumables segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the completion of the forecast exercise.
All the Waterjet Cutting Machine Consumables market segments & sub-segments have been analyzed on the basis of Basis Point Share (BPS) to understand each individual segment’s relative contribution to the Waterjet Cutting Machine Consumables market growth. Another key feature of the Waterjet Cutting Machine Consumables market report is the analysis of all the key segments in the Waterjet Cutting Machine Consumables market, sub-segments and the regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales and delivery perspective in the Waterjet Cutting Machine Consumables market.
In the final section of the Waterjet Cutting Machine Consumables market report, a competitive landscape of the Waterjet Cutting Machine Consumables market has been included to provide report audiences with a dashboard view, categorized on the basis of providers present in the value chain, their presence in the Waterjet Cutting Machine Consumables market and key differentiating factors and strategies. The primary category of providers covered in this Waterjet Cutting Machine Consumables report include Waterjet Cutting Machine Consumables manufacturers. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the Waterjet Cutting Machine Consumables market. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors on the basis of the in-depth assessment of their capabilities and success in the Waterjet Cutting Machine Consumables marketplace. Detailed profiles of the providers have also been included under the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the Waterjet Cutting Machine Consumables market.