Waterjet Cutting Machinery Market Poised to Grow at a CAGR of 8.2% by 2024
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By admin
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July, 2018
Infinium Global Research has added a new report on Waterjet
Cutting Machinery Market. The report presents analysis of global as
well as regional markets of waterjet cutting machinery market over the period
of 2016 to 2024.
Water jet cutting machinery is an industrial tool that is
capable of cutting wide range of materials using very high-pressure jet of
water. Water jet is often used during fabrication of machine parts and it is a
preferred method when the materials are very sensitive to the high
temperatures. They are used widely in various end use industries such as mining
and aerospace, textile, food, construction, electronics for cutting, shaping
and reaming.
Higher demand for process automation across various industry
verticals are the key factors 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, high
cost involved in 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.
Among the geographies, Asia pacific region is anticipated to be
the dominating region for the water jet cutting machinery market owing to its
rapidly increasing automobile industry. Additionally, increasing
industrialization because of economic growth in the emerging markets such as
India and china are expected to drive the market in the Asia Pacific regions.
On the other hand, there is an increase in foreign investments in the countries
such as India, Brazil to develop the automobile manufacturing plants that in
turn is enhancing water jet cutting machinery market. Moreover, North America
leads the global water jet cutting machine market owing to heavy demand from
several core end users.
Moreover, the growth matrix presented by Infinium Global
Research identifies the key investment markets in the near future, this will
not only help the companies to understand the competitive position in the
global waterjet cutting machinery market but also make strategic decisions to
capture the most lucrative markets in the near future.
The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that Asia Pacific dominated the
global waterjet cutting machinery market over the last couple of years, while
emerging markets of Asia-Pacific and Latin America are anticipated to
contribute significantly to the growth in the waterjet cutting machinery market
worldwide.
The report segments the global waterjet cutting machinery
market on the basis of Technology, Application, Product Type and Horsepower
(HP).
Global Waterjet Cutting Machinery Market by
Technology
·
Pure Waterjet Cutting
·
Abrasive Waterjet Cutting
Global Waterjet Cutting Machinery Market by
Application
·
Automotive
·
Defence And Aerospace
·
Metal Fabrication
·
Textile
·
Ceramics
·
Paper
Global Waterjet Cutting Machinery Market by
Product Type
·
3D Waterjet Cutting
·
Micro Waterjet Cutting
·
Robotic Waterjet
Global Waterjet Cutting Machinery Market by
Horsepower (HP)
·
Between 0 To 50 Horsepower
·
Between 51 To 100 Horsepower
Companies Profiled in the Report
·
Hypertherm, Inc.
·
Shape Technologies Group
·
Koike Aronson, Inc.
·
Resato International BV
·
Jet Edge, Inc.
·
OMAX Corporation
·
Colfax Corporation
·
Bystronic Laser AG
·
WARDJet, Inc
·
Dardi International Corporation
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