Various manufacturers are focusing on the development of innovative waterjet cutting machine consumables and software that are economical and adhere to the latest developments; thus, delivering high speed performance with higher productivity. Waterjet cutting machines are integrated with an advanced software that work on the 3D model. Also, additional features such as 'Contour follower' and 'Collisionk sensing' make the working of these machines more efficient.
A patented technology by OMAX offers Tilt-A-Jet cutting head to eliminate tapering. The company is also endorsing EnduroMax Pumps that last for 1,000 hours, and are known for reliability, faster cutting, and ease in handling. Another innovation by OMAX is the LSRS (Large Solid Removal System) for large tables in waterjet cutting machines. This technology removes spent abrasive and keeps the system operating with peak efficiency. Such innovative technologies are anticipated to encourage the assimilation of waterjet cutting machine consumables in a more efficient way, thereby significantly boosting the growth of the waterjet cutting machine consumables
Growing Automation in Material Cutting Solutions to Boost Waterjet Cutting Machine Consumables Market
Presence of a large number of oil & gas industries in Eastern Europe has led to rise in the adoption of automation in material cutting solutions, which is anticipated to fuel the growth of the waterjet cutting machine consumables market. The demand for waterjet cutting machine consumables is increasing significantly, owing to rising awareness among people regarding safety and security. Waterjet cutting machines decrease the dependency of manpower in metal cutting industries, and this factor is indirectly helpful for the consumables market, owing to the accuracy and efficiency of these machines.
Increase in Productivity & Manufacturing Operations with Waterjet Cutting Machines
Waterjet cutting machines are installed with cameras, lasers, and other sensors that allow them to safely operate at an industry, plant, or company. Increased safety reduces cost and operational downtime, which increases the productivity of many operations. Hence, this factor is estimated to significantly surge the demand for waterjet cutting machines in the market during the forecast period.
By replacing manually-operated cutting solutions with waterjet cutting machines, the chances of inaccuracy are reduced and the potential for accurate workflow is increased. This, in turn, is expected to accelerate the growth of the waterjet cutting machine consumables market over the forecast period. Moreover, human personnel can work for limited hours, whereas, waterjet cutting machines are capable of working continuously.
Significant Investments in Research & Development by Prominent Players
Manufacturers are focusing on the research & development of different technologies in the waterjet cutting machine consumables market. Increasing demand and competition in the market encourage manufacturers to invest in research & development for consumables. Furthermore, attributing to the fact that automation indirectly impacts the manufacturing market, the development of advanced technologies in waterjet cutting machines is expected to increase the demand for its consumables in the coming future.
Waterjet Cutting Machine Consumables Market: Structure Analysis
The global waterjet cutting machine consumables market is estimated to be highly consolidated. Tier-1 players account for around half of the share in the global waterjet cutting machine consumables market. In order to gain a competitive advantage, waterjet cutting machine consumable manufacturers have channelized their efforts toward new product launches. For instance, in September 2018, Flow International Corporation, announced the release of March 100, a cost-effective and versatile waterjet cutting solution.
Manufacturers also focus on acquisition strategies in order to better position themselves in the market. For instance, 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.
The waterjet cutting machine consumables market is growing at a substantial rate, with North America accounting for prominent value share in the global market. The abrasive waterjet cutting segment is estimated to be most attractive in terms of value in the global waterjet cutting machine consumables market. Manufacturers would gain more profits by focusing on pursuing additional sales channels and partners for distribution to meet customer demand and requirement across the globe.
Waterjet Cutting Machine Consumables Market – Report Scope
Persistence Market Research (PMR) recently published a study report on the global waterjet cutting machine consumables market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the waterjet cutting machine consumables market structure. This market report presents exclusive facts and figures about how the waterjet cutting machine consumables market is expected to grow over the forecast period of 2019-2029.
Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s report in a comprehensive manner. This information helps readers understand the quantitative development projections of the waterjet cutting machine consumables market over the forecast period.
The study is relevant for stakeholders in the waterjet cutting machine consumables market, as well as manufacturers, distributors, suppliers, and investors, as it can help develop effective strategies for growth in the waterjet cutting machine consumables market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers, in the waterjet cutting machine consumables market can leverage the information and statistics presented in PMR’s market report.
The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the waterjet cutting machine consumables market. The study also offers actionable insights based on the trends in the waterjet cutting machine consumables market. Furthermore, regional players and new entrants in the waterjet cutting machine consumables market can also use the information presented in this report to make winning business decisions and gain momentum in the market.
Key Segments of Waterjet Cutting Machine Consumables Market
PMR’s report divides the waterjet cutting machine consumables market into four significant segments - product type, end use, application, and region. This report offers comprehensive data and information about important market dynamics and growth parameters related to these categories.
Key Questions Answered in PMR’s Waterjet Cutting Machine Consumables Market Report
Waterjet Cutting Machine Consumables Market: Research Methodology
In PMR’s research report, an exclusive research methodology is utilized to conduct comprehensive research on the development of the waterjet cutting machine consumables market to reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by our analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred by analysts during the evaluation of the waterjet cutting machine consumables market study, which comprise the facts and figures from World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the waterjet cutting machine consumables market to make PMR’s projection on growth prospects of the market more accurate and reliable.