Waterjet Cutting Machine Market - Top Market Dynamics, Demand, Revenue, Statistics, Business Growth

Global Waterjet cutting machine market share is projected to reach USD 1.5 billion by 2026, Growing at a CAGR of 6.2% during the forecast period. The market is driven by rising adoption of waterjet cutting machines across different industries, growing automotive industry, and operational excellence offered by waterjet cutting machine.

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.

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What is the impact of high cost of ownership of waterjet cutting machine on market?

Waterjet cutting machines industry 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

Which industries and region is expected to create growth opportunities for the market?

Industries such as automotive, food, electronics, and aerospace in emerging markets are registering a high growth rate, which is projected to drive the market for waterjet cutting machines. Automation is considered the largest and fastest-growing segment in the cutting industry as it considerably increases productivity and safety and reduces time, which fuels the demand for waterjet cutting machines. Additionally, the increased population in APAC produces an increased demand for effective mobility.