North America to create highest growth opportunities for Waterjet Cutting Machine Market

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 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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The key players operating in the waterjet cutting machine market include Colfax (US), Omax(US), Flow (US), Koike Aronson (US), Wardjet (US), Techni Waterjet (Australia), Dardi (China), Waterjet Sweden (Sweden), and Innovative (India).

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.

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.