Waterjet cutting machine market share is projected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026, at a CAGR of 6.2% from 2021 to 2026.
Key Players:
Omax (US), Flow (US), Koike Aronson (US), Wardjet (US), Dardi (China), Lincoln Electric (US), Techni Waterjet (Australia), KMT (US), Colfax (US), Waterjet Sweden (Sweden), Innovative (India), Hornet Cutting System (US).
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Waterjet Cutting Machine Market By Industry:
Electronics
Automotive
Food
Aerospace
Metal Fabrication
Construction
How does waterjet cutting machines’ high operational excellence drive its market growth?
The waterjet cutting machine has a range of applications across industries. The waterjet cutting machine is flexible i.e. capable of cutting irregular shapes from any material with exceptional precision and edge quality. The waterjet cutting machine mixed with abrasive can cut almost any shape and thickness which includes bonded laminated materials such as aluminum composite panel and rubber-lined wear plates. Additionally, waterjet is a cold cutting process that eliminates problems caused by heat distortion and hardened edge, which offers an advantage for intricate metal fabrication and products which require additional machining after cutting. Furthermore, the waterjet cutting machine offers immediate high cutting quality ensures a precise result, avoiding an additional finishing process. This significantly accelerates the cutting process and saves time, increasing the overall efficiency.
What is the impact of high cost of ownership of waterjet cutting machine on market?
Waterjet cutting machines are capable of cutting materials such as rubber, gaskets, foam, metal, plastics, and composites. However, high energy consumption, sensitivity to environmental conditions, probability of improper selection, poor maintenance, high cost of ownership, and difficulties faced during fabrication are some of the major problems faced during the handling of any equipment. The energy consumed by waterjet cutting machines directly contributes to the operating cost of any company, which makes it a serious issue for the company. Additionally, there are several factors such as water, abrasive, labor, power, parts, and miscellaneous that can affect the hourly running cost of a waterjet cutting machine. Additionally, the advanced control software for waterjet cutting machine adds an extra cost for any company operating a waterjet cutting machine.
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