The Waterjet Cutting Machine Market is projected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026; it is expected to grow at a CAGR of 6.2%from 2021 to 2026.
The key factors
fueling the growth of the market include high operational excellence, rise in
adoption of waterjet cutting machine across industries, and growth of the
automotive industry. Additionally, an increase in demand for waterjet cutting
machines from industries in APAC is expected to create an opportunity for the
waterjet cutting machine market.
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The abrasive segment
is projected to account for the largest share of the waterjet cutting machine
market during the forecast period.
The abrasive waterjet cutting machines use abrasive materials in the high-pressure waterjet to cut the materials. These machines are used for cutting applications such as glass, metal, stone, and tile cutting. They are used in industries such as aerospace & defense, automotive, and textile.
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The market for 3D
waterjet cutting machine is expected to grow at the highest CAGR during the
forecast period
The 3D waterjet
cutting machines are suitable for all manufacturing processes involving 3D
cutting. The highly productive, precise waterjet cutting of 3D components has
now become possible with such machines. The waterjet cutting systems are widely
used in the aerospace and automotive industries, as well as in prototype development
applications of various industries.
The automotive
industry in waterjet cutting machine is expected to grow at the highest CAGR
during the forecast period.
Waterjet cutting
machines are used for the interior and exterior cutting of headliners, carpets,
liners, dumpers, door and instrument panels, seats, composite parts, and
castings of vehicles. The use of waterjet cutting machines improves the
flexibility of cutting equipment and enables ease with automation for the
automotive industry, which drives the growth of the waterjet cutting machine
market for this industry.
North
America held the
largest share of the global waterjet cutting machine market during the forecast
period.
The region has
witnessed rapid growth in industries such as automotive, electronics, food, and
aerospace. The growth in this market can be attributed to the large industrial
base and high production capacity of companies in the country. The US is one of
the largest automotive markets in the world and is home to several auto manufacturers,
which is driving demand for waterjet cutting machines used for cutting
headliners, door panels, carpets, liners, dumpers, composite parts, and
castings. Additionally, industries such as aerospace & defense, and food
provide good opportunities for waterjet cutting machines as they are used for
cutting various materials.
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