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Report Overview
The global waterjet cutting machines market value reached USD 1.30 billion in 2023. The market is expected to grow at a CAGR of 6.30% between 2024 and 2032, expected to reach a value of USD 2.25 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Waterjet Cutting Machines Market Trends
Waterjet cutting machines are industrial tools that are utilised to cut a wide variety of materials by releasing a high-pressure stream of water through a pump. Waterjet cutting technology can be used to cut for almost any material, hard materials can be cut by adding a granular abrasive to increase the cutting force of the jet.
Wide Range of Applications of Waterjet Cutting Machines
The waterjet cutting method is increasingly being adopted in various industries for its versatility in cutting different materials including metals, glass, and composites. Many industries are adopting abrasive waterjet cutting machines to precisely cut thicker materials.
Technological Developments to Help Increase the Market Value
Waterjet cutting machines (WCMs) have developed significantly with technological advancements to implement automation for a faster and improved cutting process. Advancements to make the machines more precise and robotic WCMs can improve the operation speed in end application industries.
Rapid Development of the Automobile Sector to Drive the Market Growth
The automobile sector is increasingly adopting advanced WCMs due to the advantages it provides to their production processes. WMC automation can allow automobile companies to manufacture their products at a faster rate and precise manner. 3D cutting can even enable companies to finish the cutting process for new and concept designs with precision. This proves to be extremely beneficial to the automobile industry and the increasing demand can further propel the market growth for the WCM market.
Waterjet Cutting Machines Market Report Snapshots
Waterjet Cutting Machines Market Size
Waterjet Cutting Machines Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for waterjet cutting machines reached a size of USD 1.30 billion.
The market is projected to grow at a CAGR of 6.30% between 2024 and 2032.
The market is expected to reach a value of USD 2.25 billion by 2032.
The market is driven by the growing demand for waterjet cutting machines in the automotive industry due to the increasing adoption of complex parts and the increasing adoption of WCMs in different industries due to the advantages it provides in component manufacturing
The implementation of robotic WCMs to automate manufacturing operations is the current trend followed in the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The waterjet types in the market include abrasive and non-abrasive.
The product types available in the waterjet cutting machines market include robotic waterjet cutting, micro waterjet cutting, and 3D waterjet cutting, among others.
The end-uses of waterjet cutting machines include electronics, aerospace, automotive, and construction, among others.
The competitive landscape consists of OMAX Corporation, Flow International Corporation, Hypertherm, Inc., Koike Aronson, Inc., Jekran Ltd., and Jet Edge Inc., among others.
The market is broken down into electronics, aerospace, automotive, construction, and others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124