Abrasive Waterjet Cutting Machine Market Research Report - Global Forecast till 2030

Abrasive Waterjet Cutting Machine Market Research Report: Information by Type (3D Waterjet Cutting Machines, Micro Waterjet Cutting Machines, and Robotic Waterjet Cutting Machines), Application (Exotic Metal & Non-Traditional Material Cutting, Glass/Metal Art, Ceramic/Stone Cutting, Gasket Cutting, Fiberglass Cutting, and Foam Product Cutting), Industry (Metal Fabrication, Automotive, Aerospace, Food Processing, Textile, Machine Manufacturing, and Medical Device) and Region (North America, Europe, Asia-Pacific and Rest of the World)...

ID: MRFR/IA - E/7209-HCR | February 2021 | Region: Global | 100 pages         

Abrasive Waterjet Cutting Machine Market

Abrasive Waterjet Cutting Machine Market is expected to have an 6.50% CAGR from 2021-2030

Segmentation

By Type 3D Waterjet Cutting Machines Micro Waterjet Cutting Machines Robotic Waterjet Cutting Machines
By Application Exotic Metal and Non-Traditional Material Cutting Glass/Metal Art Ceramic/Stone Cutting Gasket Cutting Fiberglass Cutting Foam Product Cutting
By Industry Metal Fabrication Automotive Aerospace Food Processing Textile Machine Manufacturing Medical Device

Key Players

  • Colfax Corporation (US)
  • Lincoln Electric Company (US)
  • Flow International (US)
  • Omax Corporation (US)
  • KMT Waterjet (US)
  • Hornet Cutting Systems (US)
  • Koike Aronson (Japan)
  • Semyx (US)
  • AUTOPRO-UP Co. Ltd. (South Korea)
  • Waterjet Sweden AB (Sweden)
  • and DARDI International Corporation (China)

Drivers

  • New product launches and R&D amongst major key players
  • Increase in demand for steel and other metals in various end-use industries
  • Growing manufacturing sector in emerging economies
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Abrasive Waterjet Cutting Machine Market Synopsis


The Abrasive Waterjet Cutting Machine Market is expected to have an 8.5% CAGR from 2019–to 2025.


The waterjet cutting machine is flexible and can cut irregular shapes from any material with edge quality and high precision. The abrasive-coated waterjet cutting machine can cut about any thickness and shape, consisting of bonded laminated materials like rubber-lined wear plates and aluminium composite panels. It is a cold cutting technique that avoids heat distortion and hardened edges. It provides an advantage for delicate metal production and products that require extra machining after cutting. However, the waterjet cutting machine offers an excellent cutting quality, ensuring an accurate output without the need for a second finishing step. This saves time by increasing the speed of the cutting process and enhancing the overall efficiency.


Waterjet cutting machines are highly adopted in industries such as automotive, aerospace, electronics, textile, construction, and mining. These machines are used to cut steel, titanium, and other metals in the automobile industry. These machines are used for the production of metal gaskets for vintage automobiles, disc brakes, clutches, and other components for racing cars, custom vehicle bodywork, and delicate fittings and brackets. These machines are used for a variety of tasks in the electronics industry, such as circuit board cutting and design, generator components, control panels, electrical enclosures, and other related equipment. Such a wide range of applications is estimated to provide profitable growth in the waterjet cutting machines market.


Abrasive waterjet cutting machines use rough materials in the high-pressure waterjet to cut the hard materials. The abrasive material is injected into the cutting machine through two systems, namely, the suspension jet system and injection jet systems.


Prominent Players


The Prominent Players in the Global Abrasive Waterjet Cutting Machine Market include Colfax Corporation (US), Lincoln Electric Company (US), Flow International (US),  Omax Corporation (US), KMT Waterjet (US), Hornet Cutting Systems (US), Koike Aronson (Japan), Semyx (US), AUTOPRO-UP Co., Ltd. (South Korea), Waterjet Sweden AB (Sweden), and DARDI International Corporation (China).


Recent Development


The Year 2022: Next-gen waterjet is going mainstream with a new three-dimensional head with taper compensation.


Segmentation: Global Abrasive Waterjet Cutting Machine Market


Abrasive Waterjet Cutting Machine Market


The Global Abrasive Waterjet Cutting Machine Market is segmented based on Type, Application, Industry, and Region. Based on type, the global market has been segmented into 3D waterjet cutting machines, micro waterjet cutting machines, and robotic waterjet cutting machines. The 3D waterjet cutting machines segment is expected to dominate the global market in terms of value and volume during the forecast period. Based on application, the global market has been segmented into exotic metal & non-traditional material cutting, glass/metal art, ceramic/stone cutting, gasket cutting, fiberglass cutting, and foam product cutting. The glass/metal art application segment is expected to dominate the global market in terms of value and volume during the forecast period. Based on industry, the global market has been segmented into metal fabrication, automotive, aerospace, food processing, textile, machine manufacturing, and medical device. The automotive segment is expected to dominate the global market in terms of value during the forecast period, owing to an increase in demand for vehicle gaskets and the growing automotive component industry.


Geographically, the global abrasive waterjet cutting machine market has been segmented into four regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to hold a significant share of the market during the forecast period owing to the rapidly growing automotive and construction industry. Moreover, strong economic growth in China, India, and Japan and the increasing production of automotive parts and industrial parts in the region is further expected to drive the growth of the Asia-Pacific abrasive waterjet cutting machine market. Furthermore, in the region, China is expected to grow at the highest rate due to the increasing government initiatives to promote China as the world’s most preferred hub for manufacturing by 2025 and leading exports of automotive parts and industrial parts. On the other hand, Europe is expected to witness steady growth owing to the rising research and development and the growing automotive industry.


Abrasive waterjet cutting machines use abrasive materials in the high-pressure waterjet to cut the hard materials. The abrasive material is injected into the cutting machine through two systems, namely, injection jet systems and suspension jet system. These machines are equipped with a pump that releases water at high-pressures ranging between 200 bars and 4000 bars. It is mainly used for cutting metal, stone, fiberglass, and other hard materials.


The report for the Global Abrasive Waterjet Cutting Machine Market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.


Intended Audience



  • Abrasive waterjet cutting machine manufacturers

  • Cutting machine manufacturers

  • Waterjet component manufacturers

  • Manufacturers and distributors of abrasives

  • State and national regulatory authorities

  • Government and industry associations

  • State or government-owned corporations

  • Research organizations



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   8.5% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application, and Industry
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Colfax Corporation (US), Lincoln Electric Company (US), Flow International (US), Omax Corporation (US), KMT Waterjet (US), Hornet Cutting Systems (US), Koike Aronson (Japan), Semyx (US), AUTOPRO-UP Co., Ltd. (South Korea), Waterjet Sweden AB (Sweden), and DARDI International Corporation (China)
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Increase in demand for steel and other metals in various end-use industries
  • Growing manufacturing sector in emerging economies


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    Frequently Asked Questions (FAQ) :

    The growth rate expected to be attained by the market in the near future is 8.5%.

    The market value by the year 2026 is projected to increase tremendously, owing to the increasing global demand as well as sale of vehicles among others.

    The listed players in the market for abrasive waterjet cutting machine are Omax Corporation (US), Flow International (US), Semyx (US), Colfax Corporation (US), Lincoln Electric Company (US), Waterjet Sweden AB (Sweden), Koike Aronson (Japan), KMT Waterjet (US), Hornet Cutting Systems (US), AUTOPRO-UP Co., Ltd. (South Korea), DARDI International Corporation (China), and others.

    The substantial rise in the demand for automotive generator components, hard metal components and metal gaskets can give rise to growth opportunities for the players in the global market.

    The high costs of abrasive waterjet cutting machines can be a prominent market restraint in the coming years.