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Waterjet Cutting Machine Market

Waterjet Cutting Machine Market

Waterjet Cutting Machine Market Trend Analysis & Competition Tracking By Type (Pure, Abrasive Waterjet Cutting Machine), By Application (Automotive, Electronics, Aerospace & Defense, Mining, Metal Fabrication) - Global Market Insights 2021-2031

Waterjet Cutting Machine Market
FACT4564MR
  • Oct-2021
  • List of Tables : 130
  • List of Figures : 271
  • 170 Pages
  • Industrial Goods

Market Outlook for Waterjet Cutting Machine

A new forecast by Fact.MR estimates that waterjet cutting machine revenues will expand nearly 1.6x between 2021 and 2031, surpassing US$ 1.5 Bn in 2031 with a 10 year compound annual growth rate (CAGR) of approximately 5%.

Automotive segment will reinforce demand for waterjet cutting machines on the back of swelling production of electric cars in early adopter regions. Strict standards related to manufacturing of automotive along with soaring need to deliver high quality products has propelled the adoption of waterjet cutting in the automotive industry.

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Key Points Covered in Waterjet Cutting Machine Industry Survey

  • Market Estimates and Forecasts 2016-2031
  • Key drivers and restraints shaping market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Waterjet Cutting Machine Market and How to Navigate
  • Recommendation on Key Winning Strategies

Waterjet cutting machine market by FactMR

Sales Analysis of Waterjet Cutting Machines from 2016-2020 Vs Outlook 2021-2031

The global market for waterjet cutting machines flourished to surpass US$ 900 Mn in 2020, registering a CAGR of 4% throughout the historical period. Rising inclination towards adopting environment-friendly cutting processes and practices are key factors impelling growth.

Owing to its versatility in cutting different materials like iron and glass, witnessed spur demand in end-use industries like aerospace, automotive and electronics sector, the market is likely is grow at a CAGR of 5%. It is estimated to touch US$ 1.5 Bn by the end of 2031.

North America is anticipated to be the leading revenue contributor to the global market during the forecast period, anticipated to lead global sales of waterjet cutting machines with a significant market share exceeding 1/3rd of the total value.

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How is Demand for Precision-based Cutting Spurring Waterjet Cutting Machines Adoption?

Cohesive manufacturing trends that lay emphasis on energy efficiency and increased precision in cutting processes is one of the primary reasons for increased waterjet cutting machines uptake. Another factor that impels demand is the rising need for engaging form factors such as edges, bevels, holes, and shapes.

Besides, the waterjet cutting machine offers immediate high cutting quality ensures an accurate result, avoiding an additional finishing process. This significantly accelerates the cutting process and saves time, increasing the overall efficiency. This translates into upward need of waterjet cutting machines for precision cutting of products to enhance their aesthetic appeal.

How are Technological Advancements Spurring Developments in Waterjet Cutting Machines Design?

Key end use industries are looking to leverage efficiency in designing and cutting hard metals such as steel and titanium, glass. This trend is evident in the defense and aerospace segment.

For instance, micro waterjet cutting is increasingly being used in the defense & aerospace sector for obtaining higher cutting speeds, and precision while manufacturing aircraft components.

Fathom Digital Manufacturing, a prominent player, offers the MicrocutTM micro waterjet cutting technology, deploying an abrasive technology developed to machine flat parts in thicknesses ranging from 0.001 to 0.125 inches with incredible accuracy. A cold-cutting method, it produces finished products without burr, deformations or discolorations.

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Which other Technologies are Widening Waterjet Cutting Machines Prospects?

The advent of advanced technologies, such as multi axis waterjet cutting alongside 3D cutting, would affluence the waterjet cutting process to upsurge its penetration, worldwide. Significant innovations, such as micro waterjet cutting and nanojet cutting are gaining high traction in the Asia-Pacific region, owing to their automation and universal compatibility.

For instance, WARDJet, an Ohio based waterjet cutting manufacturer offers robotic waterjet cutting automation solutions to industries such as aerospace, automotive, electronics, and textiles to produce weld test samples. Prominent players have developed waterjet cutting machines at low prices to cater to the needs of a wider customer base.

Country-wise Analysis

Why is the U.S Fuelling Demand for Waterjet Cutting Machines?

The U.S is estimated to dominate the global waterjet cutting machine landscape, accounting for a revenue share of 36% from 2021 to 2031. Early are leveraging waterjet cutting machines to curtail the energy consumption and maximize precision of corners, bevels, holes, and shapes.

Demand for pure waterjet cutting machines is expected to be dominant across the U.S until 2031. Applications abound across robotics, food & beverage and tobacco packaging, which is anticipated to propel the regional market over the forecast period.

Why are Waterjet Cutting Machine Sales Booming in China? 

China is likely to emerge as an opportunistic market. Owing to increasing investment in automotive and manufacturing sectors as well as consistent advent of new technologies, waterjet cutting machine market in China has outpaced other countries.

Mounting industrialization as well as the manufacturing sector will also generate significant growth opportunities in the waterjet cutting machine consumables market. Fact.MR expects the East Asian giant to expand at over 6% CAGR through 2031.

Moreover, the waterjet cutting machine consumables market is backed by growth in construction and metal fabrication industries, thereby the market is likely to gain high traction in the country.

Category-wise insights:

Why are Abrasive Waterjet Cutting Machines witnessing High Demand?

Abrasive waterjet cutting machines dominated the market in 2019 and is anticipated to retain its dominance over the forecast period. According to Fact.MR, the segment is expected to grow 1.6x until 2031.

Emerging demand for precise automotive performance parts and other cut out materials such as brake types, wings, turbine, gears in aerospace and defense, electronics, mining, textiles, food, and beverage industries is attributing to segmental growth.

Besides, it uses abrasive particles such as garnet with a high-pressure water stream that assists to accelerate the cutting process by eroding material such as metals, composites, and stones with high speed and precision. Therefore, abrasive waterjets are typically used to cut high strength material.

Why is Aerospace & Defence the Core Application Area?

According to Fact.MR, the aerospace & defence segment is anticipated to extensively deploy waterjet cutting machines, registering an impressive 7% CAGR until 2031. Mounting defence budgets to strengthen nation security is stimulating major demand.

Governments worldwide are augmenting spending on renewing and upgrading defence utilities, including land vehicles, aircraft and military equipment, besides purchasing new assets.

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.  

  • In March 2018, Bystronic, Inc. announced the full acquisition of their strategic partner TTM Laser S.p.A., a successful Italian technology company that specializes in the development of 2D and 3D laser systems for the cutting of tubes and profiles, and for the welding of large-format metal sheets.
  • In 2018, Bystronic has significantly expanded its existing portfolio of sheet metal fabricating technologies with new solutions for automation, warehouse integration, and digital networking.
  • In November 2020, Colfax Corporation, through its wholly-owned subsidiary DJO, LLC, completed the acquisition of extremity product lines from Stryker Corporation at US$ 15 Mn. The announcement is welcoming Colfax’s entry into the foot and ankle market.

Report Scope:

Attribute

Details

Market size value in 2020

USD 969 Million

Market forecast value in 2031

USD 1.5 Billion

Growth Rate

CAGR of 5% from 2021 to 2031

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Covered

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • BENLUX
  • Russia
  • Japan
  • South Korea
  • China
  • India
  • ASEAN
  • Australia
  • New Zealand
  • GCC
  • Egypt
  • Turkey
  • South Africa

Key Market Segments Covered

  • Type
  • Application
  • Region

Key Companies Profiled

  • Dardi International Corporation
  • ESAB
  • Flow International Corporation
  • Hypertherm Inc.
  • Jet Edge Inc.
  • Koike Aronson Inc.
  • OMAX Corporation
  • Resato International
  • WARDJet
  • KMT Waterjet Systems Inc.
  • Zilog Inc.

Pricing

Available upon Request

Key Segments Covered

  • Type

    • Pure Waterjet Cutting Machine
    • Abrasive Waterjet Cutting Machine
  • Application

    • Waterjet Cutting Machines for Automotive
    • Waterjet Cutting Machines for Electronics
    • Waterjet Cutting Machines for Aerospace & Defense
    • Waterjet Cutting Machines for Mining
    • Waterjet Cutting Machines for Metal Fabrication

- FAQs -

As of 2020, sales of waterjet cutting machines were estimated to surpass US$ 900 Mn

From 2016 to 2020, sales of waterjet cutting machines expanded at approximately 4% CAGR

From 2021 to 2031, the waterjet cutting machine market will expand at nearly 5% CAGR

As per Fact.MR, waterjet cutting machines demand will expand 1.6x from 2021 to 2031

Rising demand for micro-waterjet cutting technologies will open new expansion frontiers for the market

Demand for environment-friendly and precise cutting technologies are presently fueling adoption of waterjet cutting machines

Fact.MR expects waterjet cutting machines sales in the U.S to capture 36% revenue until 2031

China is anticipated to register strong growth, recording a CAGR of 6% until 2031

Dardi International Corporation, WARDJet, Inc, Bystronic Laser AG, Colfax Corporation, and OMAX Corporation are some prominent manufacturers of waterjet cutting machines

Abrasive waterjet cutting machines are likely to hold major sway, accounting for 85% market share

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