Waterjet Cutting Machine Market
Waterjet Cutting Machine Market Analysis By Type (Pure, Abrasive), By Application (Automotive, Electronics, Mining, Aerospace & Defense, Metal Fabrication, 3D Cutting), By Region – Global Market Insights 2023 to 2033
Analysis of Waterjet Cutting Machine Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Waterjet Cutting Machine Market Analysis (2023 to 2033)
The global waterjet cutting machine market size stands at US$ 1.17 billion in 2023. Worldwide demand for waterjet cutting machines is forecasted to increase at a CAGR of 4.8% and reach a market value of US$ 1.88 billion by the end of 2033.
Demand for waterjet 3D cutting machines is predicted to rise at a CAGR of 5.4% and reach US$ 895.9 million by the end of 2033. The German market is predicted to advance at a CAGR of 6% and bring in a revenue of US$ 92.22 million by the end of 2033.
The automotive sector is predicted to boost the demand for waterjet cutting machines owing to a significant increase in the production of electric cars across regions. Stringent standards for the manufacturing of automotive and soaring requirements to deliver high-quality products are also predicted to fuel demand for waterjet cutting machines in respective industries.
A waterjet is typically an instrument utilizing abrasives and water with high pressure to cut different sets of materials, which include granite, titanium, wood, foam, etc. It can be utilized with or without any abrasive mixture. The versatility in cutting various materials, including glass and iron, is predicted to stimulate the demand for waterjet cutting machines in various industries, including electronics, automotive, and aerospace.
In recent years, several environmentally-conscious people have been using eco-friendly cutting procedures and practices, which are contributing to market growth. Moreover, rising automation among end-use industries has resulted in the adoption of advanced machines, including waterjet cutting machines.
Innovation in cutting machines along with advancement in technology is expected to influence the adoption of waterjet cutting machines across end-use industries. Robotic WCMs (waterjet cutting machines) and micro and 3D WCMs are some noteworthy innovations, which are predicted to help end users get their desired outcomes and contribute to operations related to precise cutting.
For instance :
- WARDJet is a waterjet cutting machine manufacturer based in Ohio. It provides solutions in robotic waterjet cutting automation to numerous industries, including automotive, textiles, electronics, and aerospace to manufacture weld test samples.
Fact.MR, a market research and competitive intelligence provider, recently published a research report on the global waterjet cutting machine market. The research report offers a detailed analysis of new developments, market growth strategies, sales analysis of waterjet cutting machines, regional overviews, and some other pivotal aspects.
Report Attributes |
Details |
---|---|
Waterjet Cutting Machine Market Size (2023) |
US$ 1.17 Billion |
Predicted Market Value (2033) |
US$ 1.88 Billion |
Global Market Growth Rate (2023 to 2033) |
4.8% CAGR |
United Kingdom Market Growth Rate (2023 to 2033) |
6% CAGR |
China Market Growth Rate (2023 to 2033) |
5.5% CAGR |
United States Market Value (2033) |
US$ 457.36 Million |
Sales Value of Abrasive Waterjet Cutting Machines (2033) |
US$ 1.79 Billion |
Key Companies Profiled |
|
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Why are Waterjet Cutting Machines Preferred Over Older Technologies?
“Precision-based Cutting Stimulating Sales of Waterjet Cutting Machines”
Cohesive manufacturing trends emphasize energy efficiency along with increased precision in different cutting procedures, which is estimated to propel the demand for waterjet cutting machines over the coming years. The increasing requirement for engaging form factors, including shapes, holes, and edges are also contributing to market waterjet cutting machine growth.
Waterjet cutting machines provide immediate high-cutting quality, therefore ensuring accurate results while avoiding any additional finishing process. This feature saves time and accelerates the cutting process to improve efficiency, which is expected to generate demand for waterjet cutting machines to enhance the aesthetic appeal of products through precision cutting.
“Growing Technological Advancements Leading to Developments in Designs of Waterjet Cutting Systems”
Through waterjet cutting machines, end-use industries ensure effectiveness in designing as well as cutting hard metals, including glass, titanium, and steel. This trend is gaining traction in the aerospace and defense sector. Micro waterjet cutting is used widely in the aerospace and defense sector to obtain higher cutting speeds and precision during the production of aircraft components.
For instance :
- Fathom Digital Manufacturing is a provider of MicrocutTM, a micro waterjet cutting technology. The company deploys an abrasive technology, which is developed to manufacture a machine’s flat parts in thickness ranging from 0.001 to 0.125 inches with accuracy. The cold-cutting methodology is used to produce finished products without discolorations, deformations, etc.
What’s Expected to Impact the Sales Growth of Waterjet Cutting Machines?
“High Price of Waterjet Cutting Machines”
The adoption of waterjet cutting machines can become an expensive task for end-use industries. Stability, cost, selectivity, and sensitivity are some key aspects, which customers consider while buying such equipment. Waterjet cutting machines are more expensive compared to other machines, which are based on conventional cutting technologies. They are specifically designed to meet consumer requirements but are expensive.
It becomes challenging for manufacturers in the target industry to design an affordable and economical technology.
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How are New Market Entrants Expected to Penetrate This Space?
“Product Customization Generating Lucrative Opportunities for New Companies”
Sometimes waterjet cutting machines are unable to achieve cuts with precision, which is predicted to hinder market growth opportunities. Therefore, industry players entering into the target market need to provide customized solutions according to the requirements of end users. Cutting and molding metal with precision and according to consumer requirements is expected to open up new growth opportunities for new players.
Country-wise Insights
Why is the United Kingdom Attracting Suppliers of Waterjet Cutting Machines?
“Increasing Adoption of Robotic Solutions across Industries”
Sales of waterjet cutting machines are projected to advance at a CAGR of 6% and reach a value of US$ 92.22 million by the end of 2033 in the United Kingdom. The industry is adopting robotic solutions to design and cut automotive components and parts, which is further estimated to bolster demand for waterjet cutting machines over the coming decade.
What’s Contributing to Rising Demand for Waterjet Cutting Machines in the United States?
“High Demand for Waterjet Cutting Machines for Curtailing Energy Consumption”
The United States market is forecasted to progress at a CAGR of 4.6% and reach a valuation of US$ 457.36 million by the end of 2033. The country is predicted to account for 36% of the global waterjet cutting machine market share by 2033.
Early adoption of waterjet cutting machines is attributed to their ability to maximize the precision of shapes, holes, bevels, and corners. Moreover, they are also used to curtail energy consumption. Sales of pure waterjet cutting machines are anticipated to increase due to their applications in food & beverages, robotics, and tobacco packaging.
Which Aspect is Propelling the Sales of Waterjet Cutting Machines in Japan?
“Presence of Big Automotive Manufacturing Companies”
Sales of waterjet cutting machines are anticipated to advance at a CAGR of 3.5% and reach a market value of US$ 114.81 million by the end of 2033 in Japan. The presence of some key automotive manufacturing companies is predicted to boost the demand for waterjet cutting tools to cut materials used in the automotive industry.
How are Suppliers of Waterjet Cutting Machines Benefiting in South Korea?
“Noteworthy Growth in End-Use Industries Bolstering Demand for Waterjet Cutting Devices”
Demand for waterjet cutting machines is estimated to expand at a CAGR of 2.8% and reach a market value of US$ 60.22 million by the end of 2033 in South Korea. Rapid industrialization along with significant growth in end-use industries, including electronics, automotive, and others is estimated to contribute to market growth opportunities in South Korea.
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Category-wise Insights
Why are Abrasive Waterjet Cutting Machines Popular?
“Growing Requirement for Precise Automotive Performance Parts”
Pure and abrasive are two types of waterjet cutting machines, based on type. Between these two, the demand for abrasive waterjet cutting machines is expected to expand at a CAGR of 5% and reach a valuation of US$ 1.79 billion by the end of 2033.
Increasing demand for various precise automotive performance parts and numerous cut-out materials, including gears, turbines, wings, and brake types in mining, aerospace and defense, electronics, and food and beverage industries is predicted to contribute to the rising demand for abrasive waterjet cutting machines.
Abrasive particles are used in waterjet cutting machines, including garnet with a water stream of high pressure. They assist in accelerating the cutting procedure by eroding materials, including composites, stones, and metals with precision. Therefore, abrasive waterjet cutting machines are utilized in various industries for cutting high-strength materials, resulting in market growth.
Which End-use Industry Accounts for High Demand for Waterjet Cutting Machines?
“3D Cutting Sector to Emerge as Prominent User”
Automotive, mining, electronics, aerospace & defense, metal fabrication, and 3D cutting are some popular end-use industries, which are predicted to boost demand for waterjet cutting machines globally. Among these, the demand for waterjet 3D cutting machines is estimated to expand at a CAGR of 5.4% and reach a market value of US$ 895.9 million by the end of 2033. These waterjet cutting machines are specially designed according to the requirements of 3D cutting.
Key Market Players
Leading industry players are investing to strengthen their supply chain management systems. Different initiatives are also taken by industry players to ensure minimal environmental impacts, maintaining product standards and quality. Prominent players are adopting innovative approaches, including mergers, acquisitions, and others.
For instance :
- In November 2020, Colfax Corporation through its subsidiary DJO, LLC acquired Stryker Corporation’s extremity product lines.
Key suppliers of waterjet cutting machines are Colfax Corporation, Dardi International Corporation, Hypertherm Inc., OMAX Corporation, ESAB, Zilog Inc., KMT Waterjet Systems Inc., WARDJet, Resato International, Koike Aronson Inc., Flow International Corporation, and Jet Edge Inc.
Segmentation of Waterjet Cutting Machine Industry Research
-
By Type :
- Pure
- Abrasive
-
By Application :
- Automotive
- Electronics
- Mining
- Aerospace & Defense
- Metal Fabrication
- 3D Cutting
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
The global waterjet cutting machine market stands at a value of US$ 1.17 billion in 2023.
The market for waterjet cutting machines is predicted to expand at a CAGR of 4.8% from 2023 to 2033.
Abrasive waterjet cutting machines are becoming popular and their demand is estimated to reach a market value of US$ 1.79 billion by the end of 2033.
Demand for waterjet cutting machines in the United Kingdom is estimated to increase at a CAGR of 6% through 2033.
Sales of waterjet cutting machines in China are predicted to rise at a CAGR of 5.5% over the projected period.
The global waterjet cutting machine market is expected to reach a value of US$ 1.88 billion by the end of 2033.