As per Persistence Market Research waterjet cutting machine consumables industry analysis, revenues from abrasive waterjet cutting amounts to US$ 1.8 Bn, and grew 5.1% year-over-year in 2021. This gave the combined waterjet cutting machine consumables market year-over-year growth of 4.3% in 2021. Over the next 10 years, 25,000 units are projected to be sold across the world.
Find Out More about the Report Coverage
- Kennametal Inc.
- Flow International Corporation
- OMAX Corporation
- CERATIZIT S.A.
- GMA Garnet Pty. Ltd.
- Wardjet Inc.
- Hypertherm Inc.
- TECHNI Waterjet
- Jet Edge, Inc.
- KMT Waterjet
- ALLFI AG
- Opta Minerals Inc.
- Kimblad Technology AB
- H2O Jet
- Diamond Technology Innovations, Inc.
- Barton International Inc.
Waterjet Cutting Machine Consumables Industry Survey Also Addresses:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- New Installations / Sales including Retrofit of Waterjet Cutting Machine Consumables
- Assessment of Unit Shipments, Installation, and Assembly Price
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Demand for Waterjet Cutting Machine Consumables and How to Navigate
- Recommendation on Key Winning Strategies
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Demand Analysis of Waterjet Cutting Machine Consumables from 2016 to 2020 Vs Market Outlook for 2021 to 2031
Historically, from 2016 to 2020, use of waterjet cutting machine consumables increased at around 1.2% CAGR, wherein, the U.S., China, Germany, and Russia held significant market share.
On a global scale, the cost of abrasives and nozzles has increased significantly due to high raw material cost, which can be attributed to rising expenditure on R&D activities conducted by major players in the industry.
The main traits of waterjet cutting machine consumables are cutting, shaping, and reaming across various applications. Earlier, manufacturers did not have a variety of tools for cutting, and hence, are now offering advanced cutting techniques that provide excellent resistance in cutting innumerable materials.
Manufacturers are looking into material innovation as an expansion strategy to attract more customers. It is very important for them to provide comfort, safety, and reliability to users.
Considering these statistics and shift in dynamics, the market for waterjet cutting machine consumables is forecast to expand at a healthy CAGR of 4.8% over the coming 10 years.
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What are the Key Opportunities for Waterjet Cutting Machine Consumable Manufacturers?
Market players are focused on manufacturing consumables with high operational efficiency and long-lasting life. Manufacturers are concentrated on collaborating with original equipment manufacturers (OEMs) to offer their products as per requirements. Also, various suppliers and distributors are engaged to serve the aftermarket across worldwide.
Metal fabrication, automotive, and other industries require waterjet cutting machines for cutting, shaping, and reaming in manufacturing large volumes of products, and waterjet cutting machine consumables helps industries in cutting various types of material in manufacturing end products.
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What are the Roadblocks Waterjet Cutting Machine Consumable Suppliers Face?
Waterjet cutting machine consumable suppliers has been struggling with counterfeit products and supply of components through grey market trading. Counterfeit products lack quality and are a threat to equipment and consumer safety.
With increasing stringent regulatory standards for waterjet cutting machine consumables, companies often use standard products by OEMs. Manufacturing companies are not happy due to the additional cost of investment in research & development. Low-cost and less quality consumables for various end-use industries are being supplied to dealers in the aftermarket, which is a major market restraint.
Will Sales of Waterjet Cutting Machine Consumables Gain Traction Due to Automation in Material Cutting Solutions?
Presence of a large number of oil & gas industries in the Americas and Europe has led to the growth of automation in material cutting solutions, which is anticipated to fuel demand for waterjet cutting machines. Demand is increasing significantly owing to growth in awareness among people regarding safety and security.
Waterjet cutting machines decrease the dependency of manpower in metal cutting industries, owing to the accuracy and efficiency of these machines. These products have gained traction as they cater to changing consumer preferences. New technology launches have resulted due to changing consumer behavior regarding the use or consumption of consumables. Thus, waterjet cutting machine consumable manufacturers are aiming to market innovative products across the world.
Which Region Offers the Largest Opportunity for Sales of Waterjet Cutting Machine Consumables?
With an absolute dollar opportunity of around US$ 311.6 Mn, North America is expected to be the most lucrative market for waterjet cutting machine consumable suppliers.
The U.S. is leading the North American market, and is expected to witness significant growth during 2021-2031. With fast-paced growth of its economy and changes in lifestyle, U.S. consumers’ inclination toward adopting new products has grown multi-fold in the recent past. End-use industries in the country are creating opportunities for waterjet cutting machine consumable manufacturers, and this has mounted rapidly due to increasing industrialization and urbanization.
What’s Driving Waterjet Cutting Machine Consumable Sales across the U.S.?
The U.S. holds over 25% market share and it is likely to expand at 4.7% CAGR through 2031. Due to substantial sales of waterjet cutting machine consumables in the U.S., different market players have launched new consumables and designs with added features in recent years.
Manufacturers are introducing products that are designed to last for a long time with more operational efficiency. U.S. manufacturers are relying more on product development, investments in manufacturing facilities, and research & development. The U.S. also has a growing number of emerging and leading waterjet cutting machine consumable manufacturers, which makes the country a leading market in the world.
What Makes China a Hub for Waterjet Cutting Machine Consumable Demand?
In 2020, China accounted for around 10% share in global waterjet cutting machine consumable sales. The market in China is expected to expand at 5.6% CAGR, as the country sees huge demand from metal fabrication and automotive industries.
China supplies raw materials for the production of waterjet cutting machine consumables, which is why many major companies that make waterjet cutting machine consumables have set manufacturing plants at various locations across the country.
Why is Demand for Waterjet Cutting Machine Consumables Rising in India?
Demand for waterjet cutting machine consumables in India is expected to rise at 6.4% CAGR.
The Indian market is backed by ongoing and upcoming industrial and infrastructure projects across the country, and it is largely supported by the government. It is not surprising that India has the most elevated level of expenditure on infrastructure in South Asia & Pacific.
India is recognized as a primary market and is expected to continue exhibiting high demand for waterjet cutting machine consumables. Moreover, rising key development activities, presence of several major players, and increasing demand from metal fabrication and automotive industries are creating attractive opportunities for waterjet cutting machine consumable suppliers in the country.
Which Product Holds the Highest Growth Potential for Waterjet Cutting Machine Consumables?
Nozzle waterjet cutting machine consumables account for more than 32% share of the global market. These waterjet cutting machine consumables are divided into different categories based on application in various end-use industries, such as metal fabrication, automotive, and other industries.
Nozzles are majorly responsible for demand growth of waterjet cutting machine consumables. The main reason is nozzle waterjet cutting is highly concentrated and ideal for cutting through materials cleanly and safely.
Waterjet cutting machine consumables are widely used in various industries, including mining, automotive, and aerospace for cutting, shaping, and reaming. With high investments, growing number of OEM manufacturers, and high replacement of waterjet cutting machine consumables in manufacturing industries, the market is likely to see an upward trend over the coming years.
Which Waterjet Cutting Machine Consumables Hold Higher Significance by Application?
Abrasive waterjet cutting application has higher significance and accounts for more than 75% market share. There are different waterjet cutting machine consumable types installed based on their handling capacity and application for regular operations of equipment.
Waterjet cutting machine consumables exhibit different functions based on equipment type. Among all these types, or applications, abrasive waterjet cutting holds a major market value share. The main reason being growing demand for cutting rigid materials such as brass, inconel, aluminium, titanium, and other exotic metals.
Why is the Metal Fabrication Industry Experiencing Highest Sales?
The metal fabrication industry has the highest market share of over 30%. Waterjet cutting machine consumables in metal fabrication help manufacturers with smooth and flexible cutting operations in large volumes, are capable in cutting products more efficiently and precisely, and also allow multiple operations at a given time.
Moreover, there is high requirement for efficient waterjet cutting machine consumables that bring better operational efficiency and performance in end-use industries.
How Has COVID-19 Impacted Sales of Waterjet Cutting Machine Consumables?
COVID-19 has significantly hindered demand for waterjet cutting machine consumables, as production and sales of mental fabrication and automotive declined in 2020 due to lockdowns imposed by various countries across the globe.
The waterjet cutting machine consumables industry, which was growing at around 4.8% annually, witnessed a year-on-year decline of nearly 5% in 2020 with the onset of COVID-19.
Sudden decline of production created a downfall of sales in the first two quarters of 2020; however, manufacturers soon ramped up production across a few countries to meet this elevated demand. With disrupted distribution, manufacturers also increased their distribution reach to increase their sales across the globe.
Majority of companies discussed in the report have focused on product launches and expanding their manufacturing units in developing regions. Strategies include innovation, collaboration with key players, partnerships, strategic alliances, and strengthening of regional and global distribution networks.
Some of the key developments are:
- In May 2019, Kennametal Inc. announced a partnership with ExOne for the development of the New X1 25PRO™ Production Machine.
- In March, 2019, Omax Corporation signed a definitive merger agreement that established OMAX as a wholly owned subsidiary of Hypertherm, to strengthen its waterjet industry leadership position.
- In June 2021, CERATIZIT USA, Inc., a wholly owned subsidiary of CERATIZIT group, announced the acquisition of 100% stake in Best Carbide Cutting Tools, LLC. The company is a manufacturer of carbide round cutting tools.
- In February 2021, SHAPE acquired Riverstone Waterjets. Riverstone will undergo a name and brand update to Riverstone Pressure Systems (RPS), joining Advanced Pressure Systems (APS).
- In May 2021, KMT Waterjet Systems, Inc. launched the NEW KMT Waterjet Cut Calculator 2.0 App. The KMT Calculator now incorporates 25 materials, and offers a wider range of substrate thicknesses, horsepower, orifice size, and abrasive rates.
Similarly, recent developments related to companies manufacturing waterjet cutting machine consumables have been tracked by the team at Persistence Market Research, which are available in the full report.
Waterjet Cutting Machine Consumables Market Report Scope
Historical Data Available for
US$ Mn for Value
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Market Segments Covered
- Water Filters
- Focus Tubes
- Pure Waterjet Cutting Machine Consumables
- Abrasive Waterjet Cutting Machine Consumables
By End Use
- Waterjet Cutting Machine Consumables for Metal Fabrication
- Waterjet Cutting Machine Consumables for Automotive
- Waterjet Cutting Machine Consumables for Ceramics
- Waterjet Cutting Machine Consumables for Electronics
FAQs Answered in Market Study
- How much is the global waterjet cutting machine consumables market valued at currently?
The global waterjet cutting machine consumables market is currently valued at over US$ 1.8 Bn.
- At what CAGR did demand for waterjet cutting machine consumables increase over the past 5 years?
From 2016 to 2020, demand for waterjet cutting machine consumables increased at a CAGR of 1.2%.
- What are the key trends being witnessed in the waterjet cutting machine consumables industry?
Product innovation towards eco-friendly compositions coupled with strengthening of distribution networks by OEMs are key trends being witnessed in this marketplace.
- What will be the demand outlook for waterjet cutting machine consumables through 2031?
Sales of waterjet cutting machine consumables are projected to increase at 4.8% CAGR amounting to around 25,000 units over the next ten years.
- What is the market share of the top 5 manufacturers of waterjet cutting machine consumables?
As per ratings on the basis of market share, market reach, clientele, etc., the top 5 waterjet cutting machine consumable manufacturers account for around 31% market share.
- At what rate is the market registering growth in Europe?
The market for waterjet cutting machine consumables in Europe is progressing at close to 5% CAGR.
- Which countries are key producers and exporters of waterjet cutting machine consumables?
China, the U.S., and Germany are key producers and exporters of waterjet cutting machine consumables.
- How is the waterjet cutting machine consumables market faring in Japan and South Korea?
Japan and South Korea currently hold 4% share in the global market for waterjet cutting machine consumables.
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