Machinery that are utilized in manufacturing industries and workshops to obtain precise and accurate cutting on variety of work pieces, are termed as waterjet cutting machine. Waterjet cutting machine is preferably used in manufacturing and metal industry that have experienced shifts and advancement in terms of process control, automation, lean manufacturing, efficiency enhancement and rejection control.
In the recent years, the manufacturing industry has been witnessing several innovations in cutting technology & effective implementation of smart manufacturing processes. Developments like robotic waterjet cutting machines, 3D and micro waterjet cutting systems are some developments that remarkably mark the innovation in this field. The machine uses water as its key element to cut thin or thick materials. The pure waterjet machine involves using of high pressurized jet of water for cutting soft, thin or permeable materials whereas using abrasive waterjet involves a mixture of abrasives and water. It is more powerful than pure waterjet as it can cut harder materials.
The benefits associated with the utilization of waterjet cutting machine are its ability to cut a material without generating heat that may cause harm to other materials like rubber, textiles, foam, leather, plastics, tile, stone glass, food, paper and other combustible materials.
The driving factors for the growth of waterjet cutting machine market include higher demand for process automation across various industry verticals. Additionally, stable growth from automobile industry is the fundamental factor that drives the growth of waterjet cutting machine market. Therefore, growing end-use applications of waterjet cutting machines and technological advancementsare the major drivers boosting the growth of global market.
However, water availability and conservation associated with higher cost of waterjet cutting machines are some limitations that may hinder the growth of global market. Overall, the market growth is projected to witness a higher CAGR growth during the forecast period.
On the basis of technology, the global waterjet cutting machine market is segmented as pure waterjet cutting machine and abrasive waterjet cutting machine. On the basis of application, the global waterjet cutting machine market is segmented as automotive, jobs electrical and electronics manufacturing, aerospace, mining and metals, machine shop, exotic metal, non-traditional material cutting, ceramic stone cutting, product cutting and surgical instrument manufacturing. Machine shops & jobs are dominating the market segment owing to the innovative benefits it provides over traditional methods.
On the basis of geographic segmentation, the global waterjet cutting machine market spans North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. North America leads the global waterjet cutting machine market owing to heavy demand from several core end users and is also expected to continue the dominance due to ample opportunities and augmented demand is possible as the manufacturing industry expands. Asia-Pacific is expected to grow at a higher CAGR owing to rapid evolution of industrial sector and growing manufacturing process.
The key market players in the global waterjet cutting machine market include ESAB Group, MD Corporation, DARDI International Corporation, Innovative International Ltd, KMT Waterjet Systems, Inc.,Flow International Corporation, Manufacturers Supplies Company, Water Jet Sweden AB, Uhde High Pressure Technologies GmbH, Bystronic Laser India (Pvt.) Ltd., Waterjet Corporation s.r.l., WARDjet, Inc., BFT GmbH, TECHNI Waterjet, Jet Edge, Inc., Hypertherm, Inc., Water Jet Germany s.r.o., OH Precision Corporation, Pressure Jet Systems Pvt. Ltd., OMAX Corporation, WSI Waterjet Systems International, Resato International BV, Hughes Pumps Ltd, and NLB Corp.
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