Waterjet Cutting Machine Market by Offering (Hardware, Software, and Services), Waterjet (Abrasive and Non-Abrasive), Product Type (Micro, 3D, and Robotic), Industry (Automotive, Defense and Aerospace, Metal Fabrication, Electronics, Textile, and Others), and Geography: Global Market Size Estimates and Forecast (2022–2030)
The market crossed US$ 2.3 billion mark in 2022 and is expected to hit US$ 3.4 billion by 2030, recording a CAGR of 5.0% during the forecast period.
Waterjet Cutting Machine Market has been significantly growing with the rise in automation in the industrial sector
The increase in automation in the industrial sector and the rise in acceptance of high-pressure water cutting in various applications have boosted the growth of the Waterjet cutting machine market. Technological improvements such as adopting high-speed and high-pressure waterjet machines would open new opportunities for the market players.
The report segments the market into product type, offering, waterjet technology, industry and geography. By Water-jet technology, the market is further bifurcated into Abrasive Waterjet Cutting Technology and Non-Abrasive Waterjet Cutting Technology. Based on Industry, the market is segmented into Automotive, Defense and Aerospace, Metal Fabrication, Electronics, Textile, and Others. By Offering, the market is segmented into Hardware, Software, and Services. By Product Type the market is segmented into Micro, 3D, and Robotic. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, and Middle East & Africa.
Waterjet Cutting Machine Markets are experiencing a rise with the Advent of robotic Waterjet, which is expected to offer lucrative growth opportunities
The robotic water jets provide the versatility of applications such as drilling, cutting, and cleaning. Automated waterjets are highly used in high-precision industries such as aerospace, food, automotive, and electronics. Robotic Waterjet eliminates secondary operations and eventually helps in cost and time saving for the organizations. Moreover, robotic Waterjet allows processing without an operator's direction, reducing the wastage of materials. Furthermore, robotic waterjets deliver high precision operation without dust and heat generation. This, in turn, is expected to constitute a profitable opportunity for market players.
Rising adoption in various industries is one of the major factors accelerating market growth.
The industries for Waterjet cutting machine market technology are Automotive, Defense and Aerospace, metal fabrication, electronics, textile, and others. Within these industries, the automotive Industry entails precision cutting and strict cutting tolerance, delivered by Waterjet cutting machine. Additionally, advanced automotive design and increasing demand for automobiles worldwide are expected to propel the Waterjet cutting machine market growth in the near future.
Recent strategic developments in Waterjet cutting machine market
The Waterjet cutting machine market has undergone several significant developments, and a few of these have been mentioned below:
- In June 2020, Koike Aronson launched ShopJet, a new Waterjet cutting machine. It accommodates a wide array of cutting applications at a reasonable cost.
- In April 2020, AXYZ Group added an exclusive product of a 5-axis cutting head to its WARDJet range of Waterjet cutting systems known as Apex-60. The system can cut at angles of up to 60 degrees using a cutting force of 39N and at a maximum speed of 50.8 m/minute.
- In January 2017, WARDJet Inc. introduced the WARDKit Plus waterjet product line, which was named WARDKit 5x5, WARDKit 5x5 Plus, and E-1515, which is more effective than the previous product, which was known as WARDKit.
- In January 2017, OMAX Corporation sold its OMAX waterjet machines to a textile-based company- Techaids- to expand its productivity in India, offering products to steel mills, textile mills, paper mills, and the automotive Industry.
The Waterjet cutting machine market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Dardi International, Hornet cutting systems, Hypertherm Inc., Jet Edge Inc., Koike Aronson Inc., Omax corporation, Resato International, Shape Technologies Group, Inc, Techni Waterjet Pty Ltd., Lincoln Electric Holdings, Inc. are among the prominent players operating in the market.
The target audience for the report:
- Raw material providers
- Waterjet cutting machine providers
- Waterjet cutting machine manufacturers
- Waterjet cutting machine service providers
- Waterjet cutting machine organizations and alliances
- Government bodies, such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and start-up companies
- Waterjet cutting machine distributors and sales firms
- End users of Waterjet cutting machine
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented based on:
- Offering
- Hardware
- Software
- Services
- Waterjet Technology
- Abrasive Waterjet cutting machine
- Non-abrasive Waterjet cutting machine
- Product Type
- Micro
- 3D
- Robotics
- Industry
- Automotive
- Defense and Aerospace
- Metal fabrication
- Electronics
- Textile
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa
- Companies profiled
- DARDI INTERNATIONAL
- Hornet Cutting Systems
- Hypertherm, Inc.
- JET EDGE, INC.
- KOIKE ARONSON, INC.
- OMAX CORPORATION
- Resato International
- Shape Technologies Group, Inc
- Techni Waterjet Pty Ltd
- Lincoln Electric Holdings, Inc
- DARDI INTERNATIONAL
- Hornet Cutting Systems
- Hypertherm, Inc.
- JET EDGE, INC.
- KOIKE ARONSON, INC.
- OMAX CORPORATION
- Resato International
- Shape Technologies Group, Inc
- Techni Waterjet Pty Ltd
- Lincoln Electric Holdings, Inc