A three-pronged approach was followed for deducing the waterjet cutting machines market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for waterjet cutting machines market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of waterjet cutting machines market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The waterjet cutting machines market was categorized into five segments, namely type (Pure, Abrasive), product (3D Waterjet Cutting Machines, Robotic Waterjet Cutting Machines, Micro Waterjet Cutting Machines), application (Foam Product Cutting, Exotic Metal & Non-Traditional Material Cutting, Ceramic/Stone Cutting, Glass/Metal Art, Gasket Cutting, Fiberglass Cutting), end-use (Automotive, Electronics, Aerospace & Defense, Mining, Metal Fabrication), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).
The waterjet cutting machines market was segmented into type, product, application, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The waterjet cutting machines market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; China; India; Japan; Australia; South Korea; Brazil; Mexico; Argentina; U.A.E.; Saudi Arabia; South Africa.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The waterjet cutting machines market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Dardi International Corporation is focused on the manufacturing of ultra-high-pressure waterjet technology products that are primarily manufactured in China. The company’s waterjet technology is used for cutting hard and soft materials and for cleaning materials such as paint, glue, and rust. Dardi International Corporation’s product portfolio includes ultra-high pressure numerical control universal waterjet cutting machines, robot waterjet systems, plane waterjet cutting systems, ultra-high pressure waterjet pump systems, and UHP waterjet cleaning systems, along with their spare parts. Its products are used in metal machining, automobile, aerospace, and concrete cutting fields, as well as in stone and ceramic applications. The company has completed the acquisition of over 40 patents related to water-cleaning technology and waterjet cutting machines.
ESAB, an American company and a wholly owned subsidiary of Colfax Corporation, is primarily focused on producing equipment and filler metals for welding and cutting applications. The company is one of the largest filler metal suppliers across the globe. It serves industries such as energy, machinery, power generation, fabrication, construction, shipbuilding, and transportation. ESAB offers various products such as gas equipment, arc welding equipment, filler metals, welding automation & robotics, plasma, ARC gouging & exothermic cutting, and cutting automation. The cutting automation segment offers cutting machines, controls, software systems, process solutions, technologies, technology upgrades, and services. The company provides wide-ranging cutting and marking process options, including all of the major cutting processes such as plasma, laser, oxy-fuel, and waterjet. The company has 26 manufacturing plants across the Americas, Asia, Africa, and Oceania and offers sales and support in about 80 countries.
FLOW is a technology-based manufacturing company offering surface-preparing solutions and waterjet cutting solutions along with machines, cutting heads, and pumps. The company also provides fully integrated software solutions, namely FlowXpert, FlowCut, FlowPath, and FlowNest. The software is available on a subscription basis and is offered as an add-on with any Flow system. FLOW’s waterjet cutting and surface preparation systems provide total system solutions for various materials, including stone, metal, tile, food, rubber, paper, and structural foam for industrial companies. The company also offers composite machining solutions, ultrahigh-pressure water pumps, shape-cutting systems, and automation systems, among others. Additionally, it provides consumable parts and services that are used by the pump and cutting heads during operations such as seals and orifices. FLOW’s waterjet cutting systems are used in various industries, including automotive, aerospace, defense, semiconductors, glass, and metal cutting. The company serves customers located primarily in the U.S., Europe, Middle East & Africa, Asia Pacific, and Latin America. FLOW is a wholly-owned subsidiary of Shape Technologies Group.
Hypertherm, Inc. manufactures and designs metal-cutting products for industrial applications. The company’s product portfolio consists of HyPerformance plasma cutting systems, Freedom engine-driven plasma systems, HyPrecision waterjet systems, XPR plasma cutting systems, Powermax plasma cutting and gouging systems, LongLife plasma cutting systems, Robotmaster CAD/CAM software, ProNest nesting software, EDGE CNCs, Centricut consumables, AccuStream waterjet parts and consumables, ArcGlide and Sensor torch height controls, and SureCut technology. The company offers a full line of HyPrecision Waterjet products, comprising different waterjet cutting machines, water pumps, and accessories. The company serves different industries such as construction, manufacturing, automotive restoration, metal fabricators, shipbuilding, mining, steel service centers, and transportation. The company designs and builds its products in the U.S. and serves over 60 countries.
Jet Edge, Inc. is one of the leading manufacturers of waterjets for mobile and precision waterjet cutting, ultra-high pressure water blasting, and surface preparation. The company is focused on the designing, engineering, production, marketing, sale, and servicing of ultra-high pressure water jet and abrasive jet cutting machines & intensifier pumps. The company’s product portfolio is broadly categorized based on pumps, motion systems, and environmental systems. The products consist of waterjet motion systems, waterjet pumps, mobile waterjet, custom solutions, and accessories. The company manufactures a wide range of waterjet motion systems along with a line of entry-level, low-cost waterjets that are ideal for budget-conscious shops. Jet Edge, Inc.’s customers include industrial manufacturers; airlines; and automotive, aerospace, nuclear, chemical, food processing, and steel industries globally. The company sells its products through distributors in Mexico, Canada, Europe, Asia Pacific, South America, the Middle East, and Africa.
Koike Aronson, Inc. is a manufacturer and supplier of high-quality metal welding, cutting, and positioning equipment. It also provides portable cutting & welding machines and gas apparatus, among others. The company’s product portfolio comprises turning rolls, CNC machines, tank fabrication, welding manipulators, floor turntables, headstocks & tailstocks, portable welding, portable cutting, and accessories. Its machines can be used to cut mild aluminum, stainless steel, brass, glass, granite, tile, marble, copper, stone, plastic, titanium, leather, and textile, among others. The company serves different industries, including construction, education, energy, general fabrication, heavy equipment, pipe & vessel, repair & maintenance, shipbuilding & offshore, steel service centers, tank fabrication, and transportation. The company operates as a subsidiary of Koike Sanso Kogyo Co. Ltd.
Resato International is focused on designing, developing, manufacturing, and selling high-pressure systems and components. The company operates under three brands, namely Resato High Pressure Technology, Resato Waterjet Technology, and Fit@Resato. The company’s portfolio comprises products and machines for waterjet cutting and pressure testing in different industries. It also includes components such as pumps, boosters, valves & fittings, measuring equipment and tools, and hoses & quick connectors. Additionally, the company offers waterjet cutting systems such as cutting heads, waterjet pumps, IGEMS CAD/CAM software packages, ACM cutting tables, abrasive management solutions, and training solutions. Waterjet cutting machines consist of a table, a cutting head, an intensifier pump, an operating panel, and abrasive management systems. Resato International offers its products to marine and shipyards, research and universities, and OEMs, among others. It sells its products through distributors in Europe, Caspian, the Middle East, Africa, Asia Pacific, the Russian Federation, the U.S., and Canada.
WARDJet is part of the AXYZ Automation Group. It is an American integrated manufacturer and designer of customized waterjet cutting solutions. These solutions are primarily used for cutting materials ranging from titanium to tinfoil. WARDJet offers waterjet cutting machines in four types, namely small format, standard, large format, and soft goods cutting. The company specializes in offering waterjet cutting machines, waterjet abrasive recycling, abrasive removal systems, and controller retrofits on existing machines. It also offers custom waterjet solutions to numerous industries. WARDJet offers WARDJet Analytics, a software for waterjet analytics that can track data for multiple waterjet systems and provides detailed per-day data.
KMT offers its products for a wide range of applications such as metal cutting, glass cutting, food industry, stone cutting, fiberglass cutting, paper cutting, plastic cutting, and others. KMT works as a subsidiary of Shape Technologies Group, Inc. The company operates across 100 countries.
OMAX Corporation, a subsidiary of Hypertherm Inc., manufactures precision abrasive waterjet machining systems for the manufacturing industry. The company’s product portfolio comprises waterjets, pump technology, and software suites. The company offers different waterjets, namely OMAX Machines, GlobalMAX Machines, MAXIEM Machines, and ProtoMAX Machines, along with accessories. The company also provides various software suites such as Intelli-MAX Software, LAYOUT, MAKE, and Intelli-VISOR. The company specializes in providing CNC controls, abrasive waterjets, intelli-MAX software suite, direct drive pumps, CAD/CAM software, waterjet nozzles and accessories, and waterjet bridges, among others. OMAX Corporation offers its products to manufacturers and metal service centers; aerospace, medical, and transportation industries; educational institutions/universities; and factories, among others.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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