Waterjet Cutting Machine
Waterjet Cutting Machine Market Forecasts to 2030 - Global Analysis By Product Type (Micro Waterjet Cutting Machine, Robotics Waterjet Cutting Machine and 3D), Pump Type, Offering, Pressure Range, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Waterjet Cutting Machine Market is accounted for $1.18 billion in 2023 and is expected to reach $2.05 billion by 2030 growing at a CAGR of 8.2% during the forecast period. A waterjet cutting machine is a tool used to cut a wide range of materials using a high-pressure jet of water or a mixture of water and an abrasive substance. This technology is highly versatile and is utilized in various industries for precision cutting of materials. This creates a fine, high-speed jet that can cut through materials with precision. Waterjet cutting machines are used in industries such as aerospace, automotive, manufacturing, construction, and architectural industries for tasks like cutting metal parts, shaping stone and tile, cutting glass for architectural applications, and much more.
Market Dynamics:
Driver:
Adoption of Robotic Solutions
Robotic waterjets have revolutionized the cutting process, particularly for complex and curved parts required in industries such as aerospace & defense, automotive, and energy & power. These solutions enhance efficiency and productivity, reducing labor costs and enabling operators to run multiple systems with minimal human intervention. Moreover, the growing trend towards industry automation has propelled the adoption of robotic waterjet cutting machines. These machines are equipped with intelligent CAD/CAM/Control software, allowing for precise and reliable operations with reduced labor costs, thereby driving their integration across various industries.
Restraint:
Available alternative technologies
Some traditional cutters are faster than waterjet cutters, leading to reduced output due to longer cutting times with waterjet cutters. This can affect the market competitiveness of waterjet cutting machines. Furthermore, low-quality waterjet orifices have a tendency to break down and disrupt cutting, resulting in lost time and productivity. This can negatively impact the reliability and efficiency of waterjet cutting machines in comparison to other technologies impeded the market.
Opportunity:
Increasing demand for lightweight materials
The demand for lightweight materials, especially in industries such as aerospace and automotive, directly impacts the waterjet cutting machine market. This trend is driving the adoption of waterjet cutting machines due to their ability to precisely cut a wide range of lightweight materials, meeting the specific demands of these industries. Thus waterjet cutting machines offer the flexibility and precision required to effectively cut lightweight materials, making them an attractive solution for industries seeking high-quality cutting of such materials drive the growth of the market.
Threat:
Inability to achieve cuts at a specific depth
Waterjet cutting is primarily used for cutting all the way through materials and is rarely employed for achieving cuts at a specific depth due to the inherent difficulty and potential inaccuracy associated with this process. Rework, scrap, and product rejections due to inconsistent depth can significantly increase production costs. Additionally, implementing additional depth control measures or switching to alternative technologies can be expensive which hampers the growth of the market.
Covid-19 Impact
Lockdowns and restrictions resulting from the COVID-19 pandemic led to the temporary cessation of production of products related to the waterjet cutting machine market. This disruption in manufacturing operations hampered the market growth, affecting businesses involved in the production of waterjet cutting machines. However, equipment and machinery manufacturers in the waterjet cutting machine market had to focus on safeguarding their personnel, supply networks, and operations during the pandemic. Dealing with urgent problems and implementing new working procedures became essential as businesses navigated the challenges brought about by the pandemic.
The micro waterjet cutting machine segment is expected to be the largest during the forecast period
The micro waterjet cutting machine segment is estimated to have a lucrative growth, as they are extremely high precision, allowing manufacturers to cut non-breathable films with intricate designs and minimal waste. Additionally, intricate and small-scale cutting, it facilitates the customization and miniaturization of non-breathable films. This is crucial in industries where specific sizes and designs are required, such as in the production of medical packaging or electronic components.
The hydraulic intensifier pump segment is expected to have the highest CAGR during the forecast period
The hydraulic intensifier pump segment is anticipated to witness the highest CAGR growth during the forecast period, as hydraulic intensifier pumps are known for their robust and reliable performance. They are designed to operate continuously for extended periods, making them suitable for demanding industrial environments where uninterrupted production is essential. Compared to other pump technologies, hydraulic intensifier pumps are relatively easy to maintain. They have fewer components and moving parts, resulting in simplified maintenance requirements and reduced downtime for waterjet cutting machines.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increased manufacturing activities in industries such as automotive, aerospace, and construction drive the demand for precision cutting technologies. Waterjet cutting machines find applications in various industries, including metal fabrication, ceramics, stone processing, and electronics. The diverse range of applications contributes to the market's growth.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to ongoing advancements in waterjet cutting technology, such as improved software control and increased automation, contribute to the market's growth as industries seek more efficient and advanced cutting solutions. Moreover waterjet cutting machines are often used for customized and prototyping applications, meeting the demands of industries requiring intricate designs and high precision in cutting.
Key players in the market
Some of the key players in the Waterjet Cutting Machine Market include Accurl, BYSTRONIC, Colfax, Dardi, Flow International Corporation., Foshan Yongshengda Machinery, Innovative, International Waterjet Machines, Jet Edge, Kimtech, Lincoln Electric, Microstep, OMAX Corporation, Resato, STM waterjet, Swaterjet, Techni Waterjet and Koike Aronson, Inc.
Key Developments:
In January 2024, Kimberly-clark professional™ introduces kimtech™ polaris™ nitrile gloves, the most protective lab glove in the kimtech™ portfolio. This reduces workplace hand injuries related to repetitive use and hand strain, which in turn increases worker efficiency through improved grip and performance.
In May 2023, Flow releases two new products in flurry of customer-focused innovation. The latest cutting-edge waterjet solutions showcase Flow's continued commitment to advancing waterjet technology and expanding product lines to meet the evolving needs of their customers.
In January 2023, Accurl and microstep europa forge strategic alliance, expanding bending solutions globally. This collaboration, recently solidified at Accurl’s headquarters in China, signifies a blend of expertise from Europe and Asia, aimed at delivering unparalleled solutions to customers worldwide.
Product Types Covered:
• Micro Waterjet Cutting Machine
• Robotics Waterjet Cutting Machine
• 3D
Pump Types Covered:
• Direct Drive Pump
• Hydraulic Intensifier Pump
Offerings Covered:
• Software
• Hardware
• Services
Pressure Ranges Covered:
• Less Than 4200
• 4200 and Above
Technologies Covered:
• Pure
• Abrasive
Applications Covered:
• Foam Product Cutting
• Ceramic/Stone Cutting
• Exotic Metal & Non-Traditional Material Cutting
• Glass/Metal Art
• Gasket Cutting
• Fiberglass Cutting
• Other Applications
End Users Covered:
• Automotive
• Aerospace
• Metal Fabrication
• Food & Beverage
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Waterjet Cutting Machine Market, By Product Type
5.1 Introduction
5.2 Micro Waterjet Cutting Machine
5.3 Robotics Waterjet Cutting Machine
5.4 3D
6 Global Waterjet Cutting Machine Market, By Pump Type
6.1 Introduction
6.2 Direct Drive Pump
6.3 Hydraulic Intensifier Pump
7 Global Waterjet Cutting Machine Market, By Offering
7.1 Introduction
7.2 Software
7.3 Hardware
7.4 Services
8 Global Waterjet Cutting Machine Market, By Pressure Range
8.1 Introduction
8.2 Less Than 4200
8.3 4200 and Above
9 Global Waterjet Cutting Machine Market, By Technology
9.1 Introduction
9.2 Pure
9.3 Abrasive
10 Global Waterjet Cutting Machine Market, By Application
10.1 Introduction
10.2 Foam Product Cutting
10.3 Ceramic/Stone Cutting
10.4 Exotic Metal & Non-Traditional Material Cutting
10.5 Glass/Metal Art
10.6 Gasket Cutting
10.7 Fiberglass Cutting
10.8 Other Applications
11 Global Waterjet Cutting Machine Market, By End User
11.1 Introduction
11.2 Automotive
11.3 Aerospace
11.4 Metal Fabrication
11.5 Food & Beverage
11.6 Other End Users
12 Global Waterjet Cutting Machine Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Accurl
14.2 BYSTRONIC
14.3 Colfax
14.4 Dardi
14.5 Flow International Corporation.
14.6 Foshan Yongshengda Machinery
14.7 Innovative
14.8 International Waterjet Machines
14.9 Jet Edge
14.10 Kimtech
14.11 Lincoln Electric
14.12 Microstep
14.13 OMAX Corporation
14.14 Resato
14.15 STM waterjet
14.16 Swaterjet
14.17 Techni Waterjet
14.18 Koike Aronson, Inc.
List of Tables
1 Global Waterjet Cutting Machine Market Outlook, By Region (2021-2030) ($MN)
2 Global Waterjet Cutting Machine Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Waterjet Cutting Machine Market Outlook, By Micro Waterjet Cutting Machine (2021-2030) ($MN)
4 Global Waterjet Cutting Machine Market Outlook, By Robotics Waterjet Cutting Machine (2021-2030) ($MN)
5 Global Waterjet Cutting Machine Market Outlook, By 3D (2021-2030) ($MN)
6 Global Waterjet Cutting Machine Market Outlook, By Pump Type (2021-2030) ($MN)
7 Global Waterjet Cutting Machine Market Outlook, By Direct Drive Pump (2021-2030) ($MN)
8 Global Waterjet Cutting Machine Market Outlook, By Hydraulic Intensifier Pump (2021-2030) ($MN)
9 Global Waterjet Cutting Machine Market Outlook, By Offering (2021-2030) ($MN)
10 Global Waterjet Cutting Machine Market Outlook, By Software (2021-2030) ($MN)
11 Global Waterjet Cutting Machine Market Outlook, By Hardware (2021-2030) ($MN)
12 Global Waterjet Cutting Machine Market Outlook, By Services (2021-2030) ($MN)
13 Global Waterjet Cutting Machine Market Outlook, By Pressure Range (2021-2030) ($MN)
14 Global Waterjet Cutting Machine Market Outlook, By Less Than 4200 (2021-2030) ($MN)
15 Global Waterjet Cutting Machine Market Outlook, By 4200 and Above (2021-2030) ($MN)
16 Global Waterjet Cutting Machine Market Outlook, By Technology (2021-2030) ($MN)
17 Global Waterjet Cutting Machine Market Outlook, By Pure (2021-2030) ($MN)
18 Global Waterjet Cutting Machine Market Outlook, By Abrasive (2021-2030) ($MN)
19 Global Waterjet Cutting Machine Market Outlook, By Application (2021-2030) ($MN)
20 Global Waterjet Cutting Machine Market Outlook, By Foam Product Cutting (2021-2030) ($MN)
21 Global Waterjet Cutting Machine Market Outlook, By Ceramic/Stone Cutting (2021-2030) ($MN)
22 Global Waterjet Cutting Machine Market Outlook, By Exotic Metal & Non-Traditional Material Cutting (2021-2030) ($MN)
23 Global Waterjet Cutting Machine Market Outlook, By Glass/Metal Art (2021-2030) ($MN)
24 Global Waterjet Cutting Machine Market Outlook, By Gasket Cutting (2021-2030) ($MN)
25 Global Waterjet Cutting Machine Market Outlook, By Fiberglass Cutting (2021-2030) ($MN)
26 Global Waterjet Cutting Machine Market Outlook, By Other Applications (2021-2030) ($MN)
27 Global Waterjet Cutting Machine Market Outlook, By End User (2021-2030) ($MN)
28 Global Waterjet Cutting Machine Market Outlook, By Automotive (2021-2030) ($MN)
29 Global Waterjet Cutting Machine Market Outlook, By Aerospace (2021-2030) ($MN)
30 Global Waterjet Cutting Machine Market Outlook, By Metal Fabrication (2021-2030) ($MN)
31 Global Waterjet Cutting Machine Market Outlook, By Food & Beverage (2021-2030) ($MN)
32 Global Waterjet Cutting Machine Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.