By Infinium Global Research Aug, 2020
Higher demand for process automation across various industry verticals is the key factor driving the growth of the water jet cutting machinery market. Additionally, technological advancement and increasing end use applications of water jet cutting machines are likely to boost the demand for water jet cutting machinery market over the forecast period. However, the high cost involved in the maintenance of water jet may act as the restraining factor for the growth of the water jet cutting machinery market. Furthermore, the advancement of newer technologies such as multi-axis water jet cutting as well as 3D cutting would comfort the water jet cutting process to increase its capacity worldwide. This, in turn, is providing several growth opportunities for the water jet cutting machinery market over the upcoming years. On the other hand, multi-axis water jet cutting, as well as 3D cutting, would supplement the growth of the global water jet cutting machine market.
The report on Global Waterjet Cutting Machinery Market covers segments such as technology, application, product type, and horsepower (hp). The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global Hypertherm, Inc., Shape Technologies Group, Koike Aronson, Inc., Resato International BV, Jet Edge, Inc., OMAX Corporation, Colfax Corporation, Bystronic Laser AG, WARDJet, Inc, and Dardi International Corporation.