Waterjet Cutting Machines Market Size to Hit USD 1,675.1 Million by 2027 | Exhibit a CAGR of 6.3%
The global waterjet cutting machines market size was valued USD 1,036.9 million in 2019. The global market size is projected to reach USD 1,675.1 Million by 2027; it is estimated to grow at a CAGR of 6.3% from 2020 to 2027.
Pune, India, Dec. 05, 2022 (GLOBE NEWSWIRE) — The global waterjet cutting machines market size is expected to grow from USD 1,036.9 million in 2019 and is projected to reach USD 1,675.1 Million by 2027, exhibiting a CAGR of 6.3% during the forecast period from 2020-2027. This information is provided by Fortune Business Insights, in its report, titled, “Waterjet Cutting Machines Market, 2020-2027.”
According to our analysts, the market size is set to gain momentum from the rising need for quick diagnosis of the consumer’s problems. Companies are trying to fix them in real-time. They are also focusing more on improving the service.
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Report Highlights:
| Report Coverage | Details |
| Forecast Period | 2020-2027 |
| Forecast Period 2020 To 2027 CAGR | 6.3% |
| 2027 Value Projection | USD 1,675.1 Million |
| Base Year | 2019 |
| Market Size in 2019 | USD 1,036.9 million |
| Historical Data for | 2016-2018 |
| No. of Pages | 160 |
| Segments covered | By Type, By Technology, By Pressure, By Pump Type, By Industry, and By Region |
| Growth Drivers
| Adoption of Robotic Solutions across Various Industries to Spur Growth Opportunities |
| Owing to the Trend of 3D Cutting, Robotics Waterjet Cutting Machines Segment is Anticipated to Grow Significantly |
COVID-19 Impact:
The outbreak of the COVID-19 pandemic is has taken a toll on the entire ecosystem. It has thereby impacted a large number of industries severely. However, with the support of the regulatory bodies, we will be able to battle this deadly scenario and come back to normalcy. Our reports will help you in receiving insights on the right paths that you need to follow to gain success in your business during such times.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/waterjet-cutting-machines-market-102026
Drivers and Restraints:
Rising Utilization of Robotic Waterjet Cutting Machine to Propel Growth
Robotic waterjet cutting machine are experiencing high popularity at present on account of the rising number of curved part cutting and similar other complex processes. Therefore, several industries, such as energy & power, automotive, and aerospace & defense are adopting these machines as these industries undertake several cutting processes for flanges, spares, blades, and turbines.
Robotic solutions provide high productivity and efficiency in real-time. These factors are expected to accelerate the waterjet cutting machines market growth in the near future. However, the difficulties faced by the operator to control the timing of the motion of these machines may obstruct the market growth.
Industry Development:
April, 2020: Water Jet Sweden unveiled the next generation of taper angle control named “Alphajet,” ideally suited for enhancing the cutting capacity with high precision.
September 2018: At the International Manufacturing Technology Show (IMTS), KMT Waterjet exhibited its new range of waterjet pumps to support the high-end and entry level waterjet cutting machine.
February 2018: Water Jet Sweden showcased its -model waterjet machine system at the EuroBLECH 2018 event. This new model is best suited for the educational centers and spare parts workshops for contract cutting. It can also be used for internal production.
List of Key Players Mentioned in the Report:
- Dardi International Corporation (China)
- KMT (United States)
- Flow International Corporation. (United States)
- BYSTRONIC (Switzerland)
- Water Jet Sweden (Sweden)
- WATERJET CORPORATION S.R.L. (Italy)
- WARDJet (AXYZ Automation Group) (United States)
- Resato International. (Netherlands)
- OMAX Corporation (United States)
- Koike Aronson, Inc. (United States)
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Segmentation:
Automotive Segment to Grow Significantly Backed by High Demand for Customized Cars
In terms of industries, the market is segregated into rubber & plastic, metal fabrication, energy & power, electronics, automotive, and aerospace & defence. Out of these, the metal fabrication segment held 26.7% waterjet cutting machine market share in 2019. This, coupled with the electronics and automotive segment are set to grow significantly owing to the rapid industrialization, increasing adoption of electronic products, and high demand for customized cars.
Regional Insights:
North America to Lead Fueled by Rising Automation
North America generated USD 352.5 million in terms of revenue in 2019 and would dominate in the coming years stoked by the ongoing developments in the metal fabrication, automotive, and aerospace & defense industries. Additionally, the presence of numerous prominent manufacturers and rising automation would propel growth in this region. Also, the emergence of medium and small enterprises in the metal industry in this region would augment growth.
Asia Pacific, on the other hand, is likely to grow at a fast pace because of the rising number of research and development activities occurring in the developing nations, such as India and China.
Competitive Landscape:
Key Players Focus on Developing Innovative Machines for Consumers
The companies present in the market are infusing their products with innovative technologies to cater to the growing demand from the consumers. The governments of numerous countries are also supporting the usage of these machines.
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Global Waterjet Cutting Machines Market Size Segmentation:
By Type:
- Goods-to-person Picking Robots
- Self-driving Forklifts
- Autonomous Inventory Robots
- Unmanned Aerial Vehicles
By Application:
- Sorting
- Pick & Place
- Tugging
- Warehouse Fleet Management
- Others
By End-User:
- Warehouse & Distribution Centers
- Manufacturing
Table of Contents:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Porter’s Five Forces Analysis
- Impact of Covid-19 on the Market
- Global Waterjet Cutting Machine Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Type (Value)
- Micro Waterjet Cutting Machines
- Robotics Waterjet Cutting Machines
- By Technology (Value)
- Pure
- Abrasive
- By Pressure Range (Value)
- Less Than 4200
- 4200 and Above
- By Pump Type (Value)
- Direct Drive Pump
- Hydraulic Intensifier Pump
- By Industry (Value)
- Aerospace & Defence
- Automotive
- Electronics
- Energy & Power
- Metal Fabrication
- Rubber & Plastic
- Others (Textiles, etc.)
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Type (Value)
- North America Waterjet Cutting Machine Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Type (Value)
- Micro Waterjet Cutting Machines
- Robotics Waterjet Cutting Machines
- By Technology (Value)
- Pure
- Abrasive
- By Pressure Range (Value)
- Less Than 4200
- 4200 and Above
- By Pump Type (Value)
- Direct Drive Pump
- Hydraulic Intensifier Pump
- By Industry (Value)
- Aerospace & Defence
- Automotive
- Electronics
- Energy & Power
- Metal Fabrication
- Rubber & Plastic
- Others (Textiles, etc.)
- By Country (Value)
- U.S.
- Canada
- By Type (Value)
Continued…
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