Global Waterjet Cutting Machine Market Insights Forecasts to 2032
- The Global Waterjet Cutting Machine Market Size was valued at USD 1.2 Billion in 2022.
- The Global Waterjet Cutting Machine Market Size is growing at a CAGR of 5.8% from 2022 to 2032
- The Worldwide Waterjet Cutting Machine Market is expected to reach USD 2.1 Billion by 2032
- North America is expected to grow the fastest during the forecast period
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The Global Waterjet Cutting Machine Market Size is expected to reach USD 2.1 billion by 2032, at a CAGR of 5.8% during the forecast period 2022 to 2032.
Waterjet cutting machines are a sort of manufacturing technology that utilizes high-pressure water jets delivered by pressurizing pumps to cut and shape a wide range of products. It is a highly adaptable manufacturing method that is often employed to precisely cut, shape, and create an object. Water jet cutting is more precise, can cut intricate designs, and can cut thermally sensitive surfaces. Water jet cutting is classified into two types: pure water and pure water with an abrasive. Water jet cutting has grown in demand mainly because of its high accuracy and quick processing speeds. Water jet cutting machines have become the most common cutting machine for a variety of sectors, particularly those that need precise standards. A waterjet cutting machine can handle difficult jobs in almost any industry. It allows for exceptionally fine, precise cuts on delicate, hard, and soft materials, as well as non-metallic materials like ceramics, plastics, composites, and edibles. A waterjet cutting technique, when coupled with fine abrasive sand, may also cut huge material thicknesses without affecting the material structure in the cutting area. The overall market is currently driven by the increasing usage of waterjet cutting machines across various industries, the expanding automotive industry, and the high level of operation provided by waterjet cutting machines. Furthermore, the growing proclivity of small and medium-sized businesses toward technological innovation, as well as rising demand for waterjet cutting machines from sectors in emerging markets, are likely to fuel the waterjet cutting machine market throughout the forecast period.
Global Waterjet Cutting Machine Market Report Coverage
|Market Size in 2022:||USD 1.2 Billion|
|Forecast Period 2022-2032 CAGR:||5.8%|
|2032 Value Projection:||USD 2.1 Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||130|
|Segments covered:||By Type, By Product, By Application, By End-Use Industry, By Region, and COVID-19 Impact Analysis|
|Companies Covered:||STM waterjet, International Waterjet Machines, Waterjet Corporation, Swaterjet, Foshan Yongshengda Machinery, Techni Waterjet, Dardi, Waterjet Sweden, Resato, LDSA, Kimtech, Jet Edge, Hornet Cutting System, Jekran, OMAX Corporation, and KMT And Other key Venders|
|Pitfalls & Challenges:||COVID-19 has the potential to impact the global market|
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The waterjet cutting machine market has been continuously expanding, predominantly to the increased use of automation in manufacturing operations in industries such as automotive, aerospace, and electronics. Their flexibility as well as the ability to precisely cut an extensive selection of materials make them an indispensable tool in a variety of applications. Waterjet cutting offers great accuracy and high-quality cuts with low material waste, making it a popular choice for industries that require precision. In addition, the incorporation of Computer Numerical Control (CNC) technology in waterjet cutting machines enables faster and more productive cutting operations, eliminating the requirement for manual labor and boosting worker efficiency. This has resulted in an increase in demand, which has boosted market growth. The market is also predicted to expand as a result of technology improvements like the integration of artificial intelligence and the Internet of Things (IoT), which can improve the efficiency and efficacy of these devices. Furthermore, the development in automation and Industry 4.0 projects are expected to drive consumer demand for the automated waterjet cutting machines market over the forecast period.
By Type Insights
The abrasive segment is dominating the market with the largest revenue share over the forecast period.
On the basis of type, the global waterjet cutting machine market is segmented into the pure and abrasive. Among these, the abrasive segment is dominating the market with the largest revenue share of 89.6% over the forecast period. Accuracy is becoming increasingly important in automotive products engineering components and other cut-out materials such as wings, brake types, gears, and turbines. In contrast, demand is driving category expansion in other industries such as defense and aerospace, textiles, mining, beverage food, and electronics. Additionally, abrasive waterjet cutting machines combine abrasive particles such as garnet with high-pressure water ejection to boost cutting speed by eroding materials such as composites, stones, and metals with both accuracy and rapidity. As such, materials with exceptional strength are frequently cut with abrasive water jets.
By Product Insights
The robotic segment is witnessing significant CAGR growth over the forecast period.
On the basis of product, the global waterjet cutting machine market is segmented into 3D, robotic, and micro. Among these, the robotic waterjet cutting machine is witnessing significant CAGR growth over the forecast period. Robotic waterjet machining employs a cold-cutting process, resulting in it being ideal for application in the automotive, medical, and aerospace industries where heat is not a concern. Using waterjet tables, practically any type of cut may be made, from accurate cuts for automotive applications to rapid hole drilling. This is projected to fuel market expansion. Additionally, the development of 5/6 axis robots has changed the overall process, resulting in less waste when using waterjet machines.
By Application Insights
The foam product cutting segment is expected to hold the largest share of the Global Waterjet Cutting Machine Market during the forecast period.
Based on the application, the global waterjet cutting machine market is classified into foam product cutting, exotic metal & non-traditional material cutting, ceramic/stone cutting, glass/metal art, gasket cutting, fiberglass cutting, and others. Among these, the foam product cutting segment is expected to hold the largest share of the waterjet cutting machine market during the forecast period. Foam materials are frequently utilized for logistics packing, memory foam, and medical cushioning, among other applications. Waterjet cutting equipment, together with CAD programming, allows for accurate and precise foam cutting without sacrificing the surface quality and adaptability of the foam. As a result, the waterjet cutting machine is a popular choice for foam-cutting items.
By End-Use Industry Insights
The automotive segment accounted for the largest revenue share of more than 32.8% over the forecast period.
On the basis of end-use industry, the global waterjet cutting machine market is segmented into automotive, electronics, aerospace & defense, mining, metal fabrication, construction, and others. Among these, the automotive segment is dominating the market with the largest revenue share of 32.8% over the forecast period. The rising demand for high-precision complicated automotive parts continues to promote the widespread utilization of water-cutting machines in the automobile industry. In addition, robotic systems are increasingly being used alongside WCMs in automobile manufacturing lines to improve productivity. The usage of waterjet cutting machines increases the versatility of cutting equipment and makes automation easier for automotive manufacturers, which supports the explosive development of the waterjet cutting machine market in this market.
Asia Pacific dominates the market with the largest market share over the forecast period.
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Asia Pacific is dominating the market with more than 38.7% market share over the forecast period. The major leading drivers of market development have been the region's greater utilization of energy-efficient technology and growing technological advances. The demand for products in the region is expected to rise as the region's financial conditions improve and modernization accelerates, particularly in China, India, and South Korea. The development in the region's material handling, electronic component, metal and mining, food, beverage, and tobacco industries is expected to drive the market over the projection period. Additionally, increased industrial automation, increased steel consumption, and increased utilization of indexed steel for building applications are all helping the expansion of the regional waterjet cutting machine market.
North America, on the contrary, is expected to grow the fastest during the forecast period. The United States is the most prominent market for waterjet cutting machines in North America. Automotive, electronics, food, and aerospace have all seen a fast expansion in the country. The country's strong manufacturing infrastructure and high production capacity can be credited to the country's rise in this sector. The United States is one of the world's largest automotive marketplaces and home to multiple automakers, which drives the popularity of the waterjet cutting machines market over the forecast period.
List of Key Market Players
- STM waterjet
- International Waterjet Machines
- Waterjet Corporation
- Foshan Yongshengda Machinery
- Techni Waterjet
- Waterjet Sweden
- Jet Edge
- Hornet Cutting System
- OMAX Corporation
Key Market Developments
- On September 2022, KMT Waterjet Systems Inc., a leading global provider of ultra-high pressure pumps and components for waterjet cutting systems, unveils the New Generation of waterjet technology with the introduction of the KMT PRO 50 waterjet pump. The KMT PRO 50 is a 9,000psi/6.200bar/50hp class pump that is available for purchase worldwide. The KMT PRO 50 pump has numerous unique advantages, including a reduction in running time by cutting materials 40% faster than standard 60000psi/4.100bar 50hp waterjet systems. The KMT PRO 50 uses up to 50% less abrasive garnet, as well as significantly less water and electricity, saving three hours of work time per day.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Waterjet Cutting Machine Market based on the below-mentioned segments:
Waterjet Cutting Machine Market, Type Analysis
Waterjet Cutting Machine Market, Product Analysis
Waterjet Cutting Machine Market, Pressure Range Analysis
- Less Than 4200
- 4200 and Above
Waterjet Cutting Machine Market, Product Analysis
- Direct Drive Pump
- Hydraulic Intensifier Pump
Waterjet Cutting Machine Market, Application Analysis
- Foam Product Cutting
- Exotic Metal & Non-Traditional Material Cutting
- Ceramic/Stone Cutting
- Glass/Metal Art
- Gasket Cutting
- Fiberglass Cutting
Waterjet Cutting Machine Market, End-Use Industry Analysis
- Aerospace & Defense
- Metal Fabrication
Waterjet Cutting Machine Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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