The global waterjet cutting machine market is a key manufacturing sector, with waterjet cutting technology providing an efficient means to cut various materials, such as metal, ceramic, glass, and composite materials, for numerous industrial applications. Waterjet cutting utilizes ultra-high-pressure waterjets or abrasive waterjets to cut materials. The technology offers advantages such as ability to cut intricate shapes with high precision and minimal heat input into the workpieces. Rising demand from automotive and metal fabrication industries is one of the major drivers of growth for waterjet cutting machines.
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.
Key Takeaways
Key players operating in the waterjet cutting machine are 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.
The key opportunities in the Waterjet Cutting Machine Market Trends include growing demand from shipbuilding and aerospace industries. Advancements in waterjet cutting technologies are enabling wider industrial applications and enhancing productivity.
Manufacturers are focused on geographic expansion strategies to tap opportunities in emerging markets of Asia Pacific and Middle East & Africa. Key players are strengthening their dealer networks and service centers globally to capture broader market share.
Market drivers:
- Growing demand from automotive & metal fabrication industries due to the cutting versatility and precision offered by waterjet cutting machines.
- Advancements in waterjet cutting technologies enabling thinner materials and complex geometries to be cut efficiently.
Market restrain:
- High operating costs associated with waterjet cutting process including costs of water, abrasives, ancillary machines.
- Requirement of high power consumption for ultra-high pressure waterjet systems.
Segment Analysis
The waterjet cutting machine market is dominated by the abrasive jet cutting segment. It holds the largest market share as abrasive waterjet cutting is used for cutting a variety of hard and brittle materials like granite, glass, and metal. The abrasive waterjet mixes garnet or other abrasives with highly pressurized water to cut through even the hardest of materials, making it ideal for precision cutting applications across industries. This technology causes minimal damage to the surrounding areas of the cut material as no high temperatures are involved during the cutting process.
Global Analysis
Regionally, North America holds the largest share in the waterjet cutting machine market and is expected to maintain its dominance during the forecast period. Presence of major players, wide adoption across end-use industries like automotive and aerospace manufacturing, and technological advancements are some key factors propelling the regional market growth. Asia Pacific is poised to witness the fastest growth due to rapid industrialization, growth of the automotive sector in China and India, and increasing fabrication activities in the region. Countries like China and India are emerging as manufacturing hubs and thus expanding their application areas for super-precision cutting technology.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
