Waterjet cutting is a fabrication process that uses a very high-pressure narrow jet of water to cut materials. It allows precise cuts to be made in virtually any material without melting or damaging heat-affected zones. Waterjet cutting provides high accuracy cuts while keeping the material intact without imparting stresses typical of laser cuts, saws, and shearing. The process is capable of cutting intricate shapes in metals, composites and non-metallic materials with a high degree of precision and resolution. The global waterjet cutting machine market is estimated to be valued at US$ 1,919.1 Mn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
High Accuracy Fabrication Needs: With the increasing demand for intricate and complex shapes in various industries such as automotive, aerospace, electronics etc., the need for precise cutting techniques is also rising. Waterjet cutting helps fulfill the need of companies for fabrication of complex contours and profiles with high resolution and accuracy without affecting the physical or chemical properties of materials. The ability of waterjet cutting to deliver tight tolerance and angularity control plus burr-free edges without thermal damage has propelled its use for high precision cutting applications. This rising need for accurate fabrication is expected to drive the demand for waterjet cutting machines over the forecast period.
SWOT Analysis
Strength: Waterjet cutting machine can cut through almost any material with very high precision and flexibility. It causes minimal thermal damage and can cut intricate shapes.
Weakness: Waterjet cutting machines require significant floor space and a sufficient water supply. Wastewater treatment after cutting can increase operating costs.
Opportunity: Growing demand from manufacturing, machine shop, and automotive industries for precision cutting applications offers significant growth opportunities. Use of waterjet cutting for new materials like composites and plastics also presents opportunity.
Threats: Availability of alternative precision cutting technologies like laser and plasma cutting poses competition threat. Economic slowdowns can reduce manufacturing activity and affect market demand.
Key Takeaways
The global waterjet cutting machine market is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis shows that Asia Pacific region dominates the market currently due to high manufacturing activity in China, India, and other developing nations. The region is also expected to grow at the fastest rate during the forecast period.
Key players operating in the waterjet cutting machine market are WARDJet, STM Stein-Moser GmbH, International Waterjet Machines, Sugino Machine Limited, OMAX Corporation, Jet Edge, Inc., Caretta Technology s.r.l., DARDI International Corporation, TrennTek GmbH, PTV, spol. s.r.o., Semyx, LLC, Foshan Yongshengda Machinery Co., Ltd., Plasma Automation Inc. (VICON), KMT Waterjet, Hypertherm Inc. (Accustream), AKS Cutting Systems, A Innovative International Ltd., Metronics Technologies S.L., Hornet Cutting Systems, Water Jet Sweden, Koike Aronson, Inc., CMS Industries, and TECHNI Waterjet. These players are focusing on developing innovative machine designs and automation solutions to strengthen their position.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
