Waterjet Cutting Machines Market Outlook
According to the report by Expert Market Research (EMR), the waterjet cutting machines market size reached a value of USD 1.30 billion in 2023. Aided by the increasing demand for precision cutting in various sectors such as automotive, aerospace, and metal fabrication, the market is projected to further grow at a CAGR of 6.30% between 2024 and 2032 to reach a value of USD 2.25 billion by 2032.
Waterjet cutting machines utilise a high-pressure jet of water, sometimes mixed with an abrasive substance, to cut a wide range of materials. This cutting method is known for its precision, versatility, and eco-friendliness, as it produces no heat-affected zones (HAZ) and minimal waste.
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Waterjet cutting machines are utilised as industrial tools to cut a wide range of materials by releasing a high-pressure stream of water through a pump. This technology is versatile and can be used to cut almost any material, with the option to add a granular abrasive for cutting hard materials. The method is gaining popularity in various sectors due to its ability to cut metals, glass, and composites with precision. Abrasive waterjet cutting machines are being increasingly adopted by many sectors for cutting thicker materials accurately.
As per the waterjet cutting machines market analysis, the growth of the market is primarily driven by the increasing demand for precision cutting in various manufacturing processes. The automotive and aerospace sectors, in particular, require high-precision components, which waterjet cutting machines can provide. Additionally, the ability of waterjet cutting to handle a wide range of materials, including metals, composites, glass, and ceramics, makes it a preferred choice for many sectors.
Moreover, the rising trend of automation and the integration of advanced technologies such as robotics and computer numerical control (CNC) in waterjet cutting machines are further boosting the waterjet cutting machines market growth. These advancements enhance the efficiency and accuracy of the cutting process, making it more appealing to manufacturers.
Furthermore, non-abrasive waterjets, also referred to as pure waterjets, exclusively employ water in the cutting process. This process involves a precise and fast-flowing stream of water, primarily used for cutting softer materials like wood, rubber, and metal sheets. Additionally, it can be utilised in certain food processing operations that require adherence to strict regulations.
The Asia Pacific region holds a significant share of the market, attributed to the rapid industrialisation and growth of manufacturing sectors in countries such as China, India, and Japan. The increasing investments in infrastructure development and the rising demand for precision-engineered components are also driving the waterjet cutting machines market demand.
North America and Europe are also key markets for waterjet cutting machines, driven by the presence of well-established automotive and aerospace sectors. The adoption of advanced manufacturing technologies and the focus on reducing environmental impact are contributing to the market growth in these regions.
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Waterjet Cutting Machines Market Segmentation
The market can be divided based on the waterjet type, product type, end use, and region.
Market Breakup by Waterjet Type
- Abrasive
- Non- Abrasive
Market Breakup by Product Type
- Robotic Waterjet Cutting
- Micro Waterjet Cutting
- 3D Waterjet Cutting
- Others
Market Breakup by End Use
- Electronics
- Aerospace
- Automotive
- Construction
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Waterjet Cutting Machines Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global waterjet cutting machines market. Some of the major players explored in the report by Expert Market Research are as follows:
- OMAX Corporation
- Flow International Corporation
- Hypertherm, Inc.
- Koike Aronson, Inc.
- Jekran Ltd.
- Jet Edge Inc.
- Others
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