What is Global Waterjet Cutting Machinery Market?
The Global Waterjet Cutting Machinery Market is a comprehensive sector that deals with the production and distribution of waterjet cutting machinery. These machines use high-pressure water jets, often mixed with an abrasive substance, to cut through a variety of materials. The technology is widely used in industries such as manufacturing, construction, and automotive due to its precision and efficiency. The global market for these machines is vast and diverse, with numerous players contributing to its growth and development. In 2022, the market was valued at a significant US$ 906 million, indicating the high demand for this technology. The market is projected to grow further, reaching an estimated value of US$ 1179.9 million by 2029. This growth is expected to occur at a steady Compound Annual Growth Rate (CAGR) of 3.8% from 2023 to 2029.
Pressurized Water, Abrasive Mixture in the Global Waterjet Cutting Machinery Market:
The Global Waterjet Cutting Machinery Market is divided into two main segments based on the type of cutting method used: pressurized water cutting and abrasive mixture cutting. Pressurized water cutting involves the use of pure water at high pressure to cut soft materials like rubber, foam, and gaskets. On the other hand, abrasive mixture cutting involves the addition of abrasive particles to the water stream to cut harder materials like metal, stone, and glass. The choice of cutting method depends on the material to be cut and the desired finish. Both methods have their advantages and are used in different applications.
Automotive OEMs, Automotive Supplier, Stone & Tiles, Job Shop, Aerospace & Defense, Others in the Global Waterjet Cutting Machinery Market:
The Global Waterjet Cutting Machinery Market finds its usage in various areas such as Automotive OEMs, Automotive Supplier, Stone & Tiles, Job Shop, Aerospace & Defense, among others. In the automotive industry, waterjet cutting is used to cut, shape, and finish parts and components with high precision and efficiency. In the stone and tiles industry, it is used to cut and shape stone and tiles with high accuracy, reducing waste and improving productivity. In job shops, waterjet cutting machines are used for a variety of cutting tasks, providing flexibility and versatility. In the aerospace and defense sector, waterjet cutting is used to cut and shape complex parts and components, ensuring high precision and quality.
Global Waterjet Cutting Machinery Market Outlook:
The outlook for the Global Waterjet Cutting Machinery Market is positive, with steady growth expected in the coming years. In 2022, the market was valued at US$ 906 million and is projected to reach US$ 1179.9 million by 2029, growing at a CAGR of 3.8% during the forecast period 2023-2029. North America accounted for the highest market share (30%), followed by Europe. The market is dominated by leading global firms such as Flow International, Omax, Bystronic Group, Sugino Machine, and ESAB Cutting Systems, which collectively hold about 70% of the market shares.
| Report Metric | Details |
| Report Name | Waterjet Cutting Machinery Market |
| Accounted market size in 2022 | US$ 906 in million |
| Forecasted market size in 2029 | US$ 1179.9 million |
| CAGR | 3.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Flow International, Omax, KMT AB, Sugino Machine, Bystronic Group, CMS Industries, Dardi, Jet Edge Inc, Shenyang APW, Water Jet Sweden, Resato, WARDJet Inc., KNUTH Machine Tools, Yongda Dynamo Electirc, Waterjet Corporation, ESAB Cutting Systems, H.G. Ridder, MicroStep, Perndorfer Maschinenbau KG, KIMLA, Eckert, TECHNI Waterjet, Sino Achieve, Kimblad Technology, STM Stein-Moser GmbH, Shenyang Head, OH Precision Corporation, Soitaab Impianti, LDSA, Rychlý TOM |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
