Global Market Study on Waterjet Cutting Machine Consumables: Abrasives to Remain Second Largest Product Type Segment in Terms of Value Share

Waterjet Cutting Machine Consumables  Market
  • Published On : Sep-2017 |
  • Pages : 228 Pages |
  • Format :

Manufacturers in the global waterjet cutting machine consumable 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 consumable market, both from the supply side as well as the demand side in the next eight years. India, Brazil Russia and China will provide significant opportunities in the global waterjet cutting machine consumable market over the forecast period. These are some of the key findings from a new publication by Persistence Market Research titled Waterjet Cutting Machine Consumables Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025).”

Global Waterjet Cutting Machine Consumables Market: Regional Lifecycle Analysis

  • North America with the U.S. in prominent position is expected to dominate the demand for waterjet cutting machine consumables, followed by Germany and France
  • North America had the maximum installation of waterjet cutting machines globally. 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

Senior Vice President of waterjet cutting machines consumables manufacturers explains that with the growing awareness among industry participants regarding benefits of a waterjet cutting, the demand of waterjet cutting machine consumables is expected to witness double digit growth. However, intensifying competition will lead to price competitiveness in the market.

Forecast assumptions and market sizing

When developing the market forecast, we have started by sizing the current market, which forms the basis for forecasting how the market is anticipated to perform in future. We have considered the product-wise Weighted Average Selling Price (ASP) to deduce market values at a regional level. We have used the bottom-up approach to assess market numbers for each product category, while top-down approach has been used to counter validate the market estimations. Macroeconomic indicators such as GDP, Manufacturing sector growth, global trade statistics, automotive industry growth and waterjet cutting machines sales growth have been considered. All values for market size are in US$ Mn (US Dollar-Million) and volume data are in ‘000 units unless specified. BPS sum may not be equal to 100, due to rounding off of numbers. One Unit of abrasives is denoted by 25kg of Bag/Sack

Research Methodology

We have adopted systematic research approach while inspecting this report. In-depth secondary research is used to arrive at an overall market size, top industry players, top products and industry associations. Our analysts have formulated a detailed discussion guide in order to conduct expert and industry interviews. We also have conducted interviews with industry experts, industry players, distributors and retailers. Data is validated by triangulation method, wherein primary, secondary, and Persistence Market Research’s analysis contribute to the final data. We have also analysed the various companies annual report, investor presentation, SEC filings, reports and press release operating in an automotive market to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyse key players.

Market Segmentation

By Product Type

  • Abrasives
  • Nozzles
  • Water Filters
  • Grates
  • Focus Tubes
  • Others (Mixing Chambers, Orifice, Etc.)

By End Use

  • Metal Fabrication
  • Automotive
  • Ceramics
  • Electronics
  • Others (Food & Beverages, Paper & Pulp, Aerospace)

By Application

  • Pure Waterjet Cutting
  • Abrasive Waterjet Cutting

By Region

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

Cost of consumables to play an important role in the global waterjet cutting machine consumables market

By product type, the cost of orifice and mixing chambers which are included in the others segment are estimated to reach at high value in the global waterjet cutting machine consumable values market. Moreover, the consumption of this segment is less in terms of volume, but as the cost of each unit is high, the value share is prominent in the global waterjet cutting machine consumable market. The Others (Orifice and Mixing Chambers) segment is estimated to hold more than 45% market value share, valued at more than US$ 760 Mn by 2017 end. This segment will expand at a CAGR of 6.2% over the forecast period. Abrasives segment is the most attractive segment in the global waterjet cutting machine consumables market. The Abrasives segment is estimated to grab more than 20% revenue share in the global waterjet cutting machine consumables market with the estimated value of more than US$ 350 Mn by 2017 end. This segment will expand at a CAGR of 8.9% over the forecast period.

waterjet cutting machine consumable market

High operating cost and high capital requirement to hamper the growth of the global waterjet cutting machine consumables market

Waterjet cutting is one of the rapid growing technologies at present which has become prominent fabrication process. Fabrication is the keystone of the manufacturing industries particularly in US. It primarily plays a major role in providing sub-assemblies and component to other manufacturing sector such as automotive, aerospace and appliances. As far as operating cost is concerned, the cost of consumables, abrasives and maintenance cost of waterjet cutting machine is estimated to be very high which hampers the growth of the market.

In comparison to industrialized nations, penetration of waterjet cutting machines in Latin America is expected to show low progress in the market. The installation of waterjet cutting machines in Latin America has grown in the last few years, although not at the required pace. This can be attributed to the high running cost of the consumables required in waterjet cutting machines. Low adoption of waterjet cutting machines can mainly be attributed to high initial cost of machines and high maintenance cost as the proper disposal of waste/debris and the overflow water generated is an expensive task.

Lack of trained professionals to operate waterjet cutting machines may indirectly result in safety hazards as well as low production output. The operator or technician should be properly trained and should hold prior experience for effective operation of waterjet cutting machines. The need for skilled professionals increases the cost of training, which is anticipated to restrain the growth of the waterjet cutting machine consumables market.

End-use industries in MEA region are mostly dependent on traditional cutting methods, such as laser cutting, oxy-fuel cutting and plasma cutting for the metal fabrication purpose. Indian industries are still flooded with aforementioned cutting processes. Lack of awareness amongst end-users affects the waterjet cutting machine consumables market in MEA.

Global Waterjet Cutting Machine Consumables Market: Overview

In terms of value, sales of global waterjet cutting machines consumables market in 2017 is expected to be valued at more than US$ 1,650 Mn. The market is slated to expand at a CAGR of 6.5% during 2017-2025 to reach more than US$ 2,740 Mn by the end of forecast period. If volume is concerned, the market is likely to reach at the value of 36,354.2 '000 Units in 2017 and is expected to reach 60,613.4 '000 Units by 2025 end.

Company Profiles

  • Kennametal Inc.
  • Flow International Corporation
  • OMAX Corporation
  • GMA Garnet Pty. Ltd.
  • Wardjet Inc.
  • Hypertherm Inc.
  • TECHNI Waterjet
  • Jet Edge, Inc.
  • KMT Waterjet
  • V.V. Minerals
  • Opta Minerals Inc.
  • Kimblad Technology AB
  • H2O Jet
  • Diamond Technology Innovations, Inc.
  • WSI Waterjet System International
  • Barton International Inc.
  • Hammelmann GmbH
  • Others.
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