According to the new market research report "Waterjet Cutting Machine Market by
Product Type (3D, Micro, and Robotic), Application (Glass/Metal Art,
Fiberglass Cutting, Foam Product Cutting), Industry (Automotive, Machine
Manufacturing, Medical Devices), and Geography - Global Forecast to
2023", the waterjet cutting machine market is expected to
reach USD 1,248.0 million by 2023 from USD 921.7 million by 2018, at a
CAGR of 6.25% during the forecast period. Factors such as promising
growth in the global steel industry, growing automobile industry,
development of industrial sector in the Middle East and Africa, and a
comprehensive increase in construction activities drive the growth of
this market.
Browse 61 market data Tables and 31 Figures spread through 112 Pages and in-depth TOC on "Waterjet Cutting Machine Market - Global Forecast to 2023"
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3D waterjet cutting machines to account for largest size of market during 2018–2023
The 3D waterjet cutting machines are expected to hold
the largest size of the waterjet cutting machine market by 2023. These
cutting machines are suitable for all manufacturing processes involving
3D cutting and job shops seeking to expand their capabilities. 3D
waterjet cutting systems are widely used in the aerospace and automotive
industries, as well as in the prototype development applications of
various industries.
Glass/metal art to hold largest size of waterjet cutting machine market during forecast period
The glass/metal art application is expected to
account for the largest share of the waterjet cutting machine market
during the forecast period. Waterjets are the superior method for
cutting hurricane glass as the jets are omnidirectional and can cut the
complex patterns easily. In metal cutting, waterjets are ideally suited
for tough and lucrative applications such as titanium, brass, and tool
steel cutting, and aluminum and steel cutting.
APAC accounted for largest share of waterjet cutting machine market in 2017
APAC accounted for the largest share of the waterjet
cutting machine market in 2017, followed by North America and Europe.
This market in APAC is also expected to grow at the highest CAGR during
the forecast period. The growth of the market in APAC is driven by the
expansion of the metal fabrication and automotive industries, coupled
with the growing machine manufacturing industry, in India and China,
among others. The efforts by the Government of India to strengthen the
country’s manufacturing industry through its “Make in India” initiative
is likely to propel the demand for waterjet cutting machines in the next
few years. This initiative focuses on 25 sectors, which include
automobiles, aerospace, and railways and electrical machinery; it aims
to facilitate investments, build high-class manufacturing
infrastructure, and foster innovation in the country.
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The leading players in the waterjet cutting machine
market are Colfax Corporation (US), Lincoln Electric Holdings, Inc.
(US), Flow International (US), Koike Aronson (US), Omax Corporation
(US), KMT Waterjet (US), Hornet Cutting System (US), A Innovative
International (India), and Semyx (US).
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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