Global Market Study on Waterjet Cutting Machines: Increasing Demand from Automobile Industry to Surge Market Growth


Waterjet Cutting Machines  Market
  • Published On : Apr-2020 |
  • Pages : 273 Pages |
  • Format : Waterjet Cutting Machines  Market Waterjet Cutting Machines  Market Waterjet Cutting Machines  Market Waterjet Cutting Machines  Market

The automobile sector will witness moderate growth in the coming years, which is anticipated to be the key driving factor for the growth of the global waterjet cutting machine market. The requirement of strict cutting tolerance in precision cutting, which is crucial in automobile manufacturing, is well-served by waterjet cutting machines. Asia Pacific is the fastest-growing regional market, and is expected to drive the growth of the global market during the forecast period (2020 to 2030). In emerging markets such as India, China, and South Korea, economic growth has led to an increase in the demand for waterjet cutting technologies. This, in turn, is acting as a major driver for market growth.

Promising Demand from Aerospace and Healthcare Sectors

Abrasive waterjet cutting with five to six axis motion control is widely preferred in the aerospace industry for the precise metal cutting of composites, titanium, Inconel, etc. Waterjet cutting technology is an ideal solution for the aerospace industry, since there is no heat affected zone and burrs, which eliminates the need for secondary operations. Waterjet cutting machines are extensively used for precision cutting solutions of aerospace parts such as fuselages, engine components, interior cabin panels, rotary blades, etc. Waterjet technology has an edge over other technologies for medical applications too, as there is no heat, and it cuts material without altering its structural properties. Being a cold-cutting process, the use of technology is expected to continue in medical applications, due to its ability to shape medical parts precisely without changing the properties of the material.

Growth of Manufacturing Industry and Rapid Urbanization to Boost Global Waterjet Cutting Machine Market

Increasing infrastructural development in emerging economies such as Indonesia, Thailand, China, and India, as well as the Philippines, in the APAC region, has led to an increase in the total spending in industries such as metal working, automotive, and aerospace.  Bangladesh and ASEAN countries are expected to emerge as new manufacturing hubs, and are foreseen to see potential growth in the manufacturing sector. Overall economic growth, coupled with changing global demographics and prompt urbanization, is expected to create further demand for waterjet cutting machines.

Focus of Manufacturers on Introducing New Products

Introduction of new products in the market has been the main focus of key market participants in order to gain a competitive advantage as well as to meet the increasing demand pertaining to technological advancements. For example, in February 2018, the H-model waterjet cutting machine was showcased for the first time by Waterjet Sweden at Euro Blech 2018. The machine comes with features such as clamping, air-over-oil hydraulic cooling, adjustable water height, laser plate alignment, and laser height control.

The COVID-19 pandemic is currently impacting the global economy at various levels, and the manufacturing industry has not been spared. This has reflected in a significant slowdown in spending in the first half of 2020, as it reverberates through every sector of the economy. The outlook remains uncertain for the remaining half of the year, as the scope of the virus and its impact on production, demand, and supply chain is anticipated to impede overall growth of the waterjet cutting machine market.

The Covid-19 Impact

As the global coronavirus pandemic continues to escalate around the world, manufacturers are taking action to minimize risks to their workforce and customers. Restrictions on visits to production facilities for non-essential reasons, workplace policy changes, and extensive efforts toward sanitization are key factors that are gaining importance across the globe.

While waterjet cutting machine manufacturers are pushing to produce and move inventory, government restrictions on industry and logistics are anticipated to cut into the demand for waterjet cutting machines in end-use industries, in the coming months. Also, recovery is largely dependent on global efficiency in handling the present crisis.

Analysts’ Viewpoint

The waterjet cutting machine market is growing at a moderate rate. With advancements in water cutting technology, the demand for small-nozzle, micro-cutting waterjet cutting machines is growing. The study reflects that, the metal fabrication industry is anticipated to create significant growth opportunities for the global waterjet cutting machine market. The market is estimated to grow beyond established regions such as Europe and North America, toward developing regions such as South Asia and East Asia. By increasing sales offices and distribution centers, global manufacturers are focusing on expanding their businesses. Significant market opportunity is anticipated to occur in the Latin America waterjet cutting machine market in terms of sales in the coming years.

Waterjet Cutting Machine Market - Scope of the Report

Persistence Market Research (PMR) recently published a study report on the global waterjet cutting machine 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 market structure. This market research report presents exclusive facts and figures about how the waterjet cutting machine market will grow over the forecast period.

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 study in a comprehensive manner. This information can help readers understand the quantitative development projections of the waterjet cutting machine market over the forecast period.

The study is relevant for stakeholders in the waterjet cutting machine market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the waterjet cutting machine market can leverage the information and statistics presented in PMR’s research report.

The report includes facts & figures related to the macro- as well as macro-economic factors that are impacting the growth of the waterjet cutting machine market. The study also offers actionable insights based on future trends in the waterjet cutting machine market. Furthermore, regional players and new entrants in the waterjet cutting machine market can also use the information presented in this report to make business decisions and gain momentum in the market.

Key Segments of Waterjet Cutting Machine Market

PMR’s study on the waterjet cutting machine market is divided into five significant segments - pump type, application, pressure range, end-use industry, and region. This report offers comprehensive data and information about important market dynamics and growth parameters related to these categories.

Pump Type

Application

Pressure Range

End-use Industry

Region

  • Direct Drive Pumps
  • Intensifier Pumps
  • One Dimensional Cutting
  • Two Dimensional Cutting
  • Three Dimensional Cutting
  • Up to 4200 Bar
  • More than 4200 Bar
  • Metal Fabrication
  • Automotive
  • Ceramics
  • Electronics
  • Paper
  • Others (Food, Medical, Aerospace & Defense
  • North America
  • Latin America
  • Europe
  • South East Asia & Pacific
  • China
  • Japan
  • Middle East & Africa

 Key Questions Answered in PMR’s Waterjet Cutting Machine Market Report

  • Which region is anticipated to hold a prominent market share over the forecast period?
  • What will be the key driving factors propelling the demand for waterjet cutting machines during the forecast period?
  • How will current trends impact the waterjet cutting machine market?
  • Who are the significant market participants in the waterjet cutting machine market?
  • What are the crucial strategies being used by prominent players in the waterjet cutting machine market to upscale their positions in this landscape?

Waterjet Cutting Machine Market: Research Methodology

In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the waterjet cutting machine market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure precision and reliability of the conclusions.

Secondary resources are referred to by analysts during the evaluation of the waterjet cutting machine market study, and comprise facts and figures from the World Bank, 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 and secondary resources is validated from companies operating in the market, to make PMR’s projections on the growth prospects of the waterjet cutting machine market more accurate and reliable.

Companies covered in Waterjet Cutting Machines Market Report

  • A Innovative International Ltd. 
  • Caretta Technology s.r.l.
  • CMS Industries
  • DARDI International Corporation
  • Flow International Corporation
  • Foshan Yongshengda Machinery Co., Ltd.
  • H2O Jet
  • Hornet Cutting Systems
  • Hypertherm Inc.
  • International Waterjet Machines
  • Jet Edge, Inc.
  • KMT Waterjet
  • Koike Aronson, Inc.
  • Metronics Technologies S.L.
  • OMAX Corporation
  • Plasma Automation Inc. (VICON)
  • PTV, spol. s r.o.
  • Semyx, LLC
  • STM Stein-Moser GmbH
  • Sugino Machine Limited
  • TECHNI Waterjet
  • TrennTek GmbH
  • WARDJet
  • Waterjet Sweden

Waterjet Cutting Machines Market

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