Waterjet Cutting Machine Market
The waterjet cutting machine market is estimated to be valued at US$ 1.32 Bn in 2024 and is expected to reach US$ 2.04 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Waterjet cutting technology is a non-thermal method of precisely cutting a wide range of materials. Using a jet of water or a mixture of water and an abrasive material, the process is suitable for cutting soft metals, plastics, glass, and stone with minimal heat impact. It allows for intricate cuts without thermal stress and distortion. As manufacturers across industries seek adaptable and precise cutting techniques, the waterjet cutting machine market is poised for steady growth.
Market Dynamics:
The waterjet cutting machine market is driven by factors such as growing demand from the automotive and metal fabrication industries. Waterjet cutting produces clean cuts required for manufacturing components and complements laser cutting and plasma cutting. Steady expansion of construction industry worldwide providing tailored cut stone slabs and tiles is an opportunity. However, the availability of substitutes like laser cutting and high operating costs of waterjet machines act as a restraint. Technological advancements in developing pumping systems capable of generating pressure up to 60,000 PSI and real-time monitoring of waterjet processes promise new growth opportunities.
Key features of the study:
- This report provides an in-depth analysis of the global waterjet cutting machine market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global waterjet cutting machine market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Omax Corporation, Flow International Corporation, Koike Aronson, Inc., WARDJet, Inc., Jet Edge, Inc., Resato International BV, Water Jet Sweden AB, STM Waterjet, Kimtech, Techni Waterjet, Innovative International Ltd., Swaterjet, A Innovative International Ltd., BFT GmbH, NLB Corporation, TNLB Corporation, and Water Jet Germany Private Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global waterjet cutting machine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
Table of Contents
*Browse 60 market data tables and 40 figures on "Global Waterjet Cutting Machine Market- Global forecast to 2031”.
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