Waterjet Cutting Machine Market to Grow at a Steady Trajectory of 5%
Waterjet cutting machine market is poised to grow 1.6x during the forecast period (2019 – 2029). Its three decimal accuracy and non-obstructive properties will propel demand growth.
A spurt in industrial production in various verticals such as automotive, mining, electronics and aerospace will push waterjet cutting machine market to grow at a steady growth rate.
This trend is further receiving impetus as developed and developing economies are witnessing an increase in income levels and consumer spending. Waterjet cutting machines facilitate advanced cutting processes such as sharp corners, bevels, pierce holes, and shapes with minimal inner radii. This presents remunerative growth opportunities for waterjet cutting machine manufacturers.
Automotive Applications to Drive Demand, Abrasive Machines to Account for Large Chunk of Market Share
Automotive segment creates high demand for waterjet cutting machines on the back of incremental vehicle fleets and incorporation of modern design features in automobiles. Automotive segment accounts for more than 1/4th market share with a steady growth rate throughout the forecast period.
On the other hand, aerospace and defense segment is closing in with a dexterous CAGR of ~7%. Governments around the world are investing heavily in renewal and upgradation of defense utilities such as vehicles, aircrafts, and military devices thus giving traction to the market for waterjet cutting machines.
Within product type segment, abrasive waterjet cutting machines account for 85% market share. Abrasive waterjet cutting machines are gaining significant momentum in the market. Waterjets with the addition of an abrasive component show high capability in cutting materials such as steel and concrete.
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North America Reigns Supreme, Europe and East Asia Closing In
North America leads global sales with the highest market share of more than 36% of total market value. Early adopters in this regions are leveraging waterjet cutting machines to minimize the energy consumption and maximize precision of corners, bevels, holes, and shapes.
Waterjet cutting machines promote efficacy in cutting a variety of materials from metals, minerals, composite glass, to paper. East Asia is projected to be the second largest market for waterjet cutting machines. Developing nations in this region are witnessing healthy growth in product demand from various industries. Amid this spike in demand, countries in this region are adopting energy efficient and precision cutting tools such as waterjet cutting machines.
Untapped Applications and Regions to Offer Remunerative Opportunities
Customer trends portray that the waterjet cutting machines market is moving towards automation and universal compatibility. The product is already garnering traction on the basis of the eco-friendly process. Stringent wastewater treatment regulations from governments all around the world will propel demand during the forecast period.
SMEs present lucrative opportunities for compact waterjet cutting machines on the back of the efficiency and precision that waterjet cutting machines offer for small & medium manufacturing processes.
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Global Waterjet Cutting Machine Market: In-Depth Assessment on Key Segments
The global waterjet cutting machine market is segmented on the basis of type, application and region.
- Aerospace & Defense
- Metal Fabrication
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Global Waterjet Cutting Machine Market – Scope of the Report
The following report provides forecast and analysis of the global waterjet cutting machine market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (Units), according to a Fact.MR study.
The research propounds critical trends that are currently influencing growth within the global waterjet cutting machine market along with several macro-economic indicators. This newly published and insightful report on waterjet cutting machine sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global waterjet cutting machine market.
The report also comprises the study of current issues with end users and opportunities for waterjet cutting machine. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews.
The dashboard included in the report provides a detailed comparison of waterjet cutting machine manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the waterjet cutting machine market provided in the report adds to the credibility of this exhaustive research study.
Country-specific assessment on demand for waterjet cutting machine has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous waterjet cutting machine manufacturers, experts, and suppliers.
Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
Global Waterjet Cutting Machine Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research.
The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the waterjet cutting machine market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the waterjet cutting machine market, which includes global GDP growth rate, various industries growth rate, automotive, electronics, aerospace & mining and others.
This report serves as an authentic resource of intelligence on the waterjet cutting machine market, enabling the readers to take fact-based decisions on the future direction of their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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