Waterjet Cutting Machine Market Size Worth $1.99 Billion by 2030 | CAGR: 6.4%

The global waterjet cutting machine market size is expected to reach USD 1.99 billion by 2030, according to a new study by Polaris Market Research. The report “Waterjet Cutting Machine Market Share, Size, Trends, Industry Analysis Report, By Offerings (Hardware, Software, Services), By Waterjet (Abrasive, Non-abrasive), By Product Type (3D, Micro, Robotic), By Industry; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing number of continuous technological developments and innovations, coupled with increasing demand for deploying industrial control systems, are the chief factors anticipated to drive the industry demand across the globe. In addition, the rising inclination towards implementing eco-friendly cutting practices and processes majorly across the industries such as textile, construction, mining, packaging, automotive, and electronics is presenting various growth prospects to the industry demand. Furthermore, the growth of the emerging nations, increasing investments in the R&D activities, and the rising application in the target industries are further attributed to the industry growth over the projected period.

The automotive segment holds the highest shares and dominates the global industry based on the industry. The growing demand for manufacturing high precision complex automotive parts and robotic systems is also instigated by the WCMs in the production lines across the automotive segment, bolstering the segment market growth.

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 In addition, this equipment display superior operational efficiency and are capable of cutting different shapes and thicknesses like the laminated materials such as rubber-lined wear plates and aluminum composite panels. It is a cold cutting process that eliminates the problem of heat distortion and hardened edges. Moreover, the growing population in the Asia Pacific also fosters the increased demand for adequate mobility. These machines are likely to significantly impact the aerospace, automotive, and electronics industries, as they can be mainly adopted to cut any materials used in industries.

Market participants such as Colfax, Accurl, Foshan Yongshengda, International Waterjet Machine, Hornet Cutting System, Jekran, Jet Edge, Koike Aronson, Kimtech, LDSA, Lincoln Electric, Resato, Microstep, STM waterjet, Techni Waterjet, Swaterjet, and Waterjet Corporation are some of the key players operating in the global market.

Various market vendors introduce strategic actions such as mergers & acquisitions, product launches, geographical expansion, etc., to reinforce their market growth. For instance, in April 2021, Techni Waterjet entered into a partnership agreement with Dynamic Machine Tools, a heavy & medium complex Mechanism Tools supplier. The main objective of this partnership is that both companies would sell Techni machines to their customers in OR, AK, WA, and ID.

Polaris market research has segmented the waterjet cutting machine market report on the basis of offerings, waterjet, product type, industry, and region:

Waterjet Cutting Machine, Offerings Outlook (Revenue - USD Billion, 2018 – 2030)

• Hardware
• Software
• Services

Waterjet Cutting Machine, Waterjet Outlook (Revenue - USD Billion, 2018 – 2030)

• Abrasive
• Non-abrasive

Waterjet Cutting Machine, Product Type Outlook (Revenue - USD Billion, 2018 – 2030)

• 3D
• Micro
• Robotic

Waterjet Cutting Machine, Industry Outlook (Revenue - USD Billion, 2018 – 2030)

• Electronics
• Automotive
• Food
• Aerospace
• Metal Fabrication
• Construction
• Others

Waterjet Cutting Machine, Regional Outlook (Revenue - USD Billion, 2018 – 2030)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Netherlands
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Latin America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa