The global waterjet cutting machine market is anticipated to reach USD 1.4 billion by the end 2027, according to a new report released by Million Insights. The market is anticipated to grow at a CAGR of 5.1% from 2020 to 2027. Rising adoption of WCMs for implementing eco-friendly cutting practices across the globe is anticipated to propel the market growth. Moreover, growing demand for automation and technological advancements to improve the operational efficiency across different sectors such as mining, aerospace and defense, textile, automotive, and electronics is anticipated to further drive the market growth over the forecast period.
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Market Synopsis of Waterjet Cutting Machines Market:
Moreover, rising demand for WCMs
to develop complex components such as jet engine and turbine is anticipated to
drive the growth of WCMs market across the aerospace industry. Moreover, for
developing complex for developing complex military and defense products like
rotary blades, guided missiles, aircraft fuselages, space vehicles, and thick
metal sheets, there has been rapid adoption of waterjet cutting machines which
is further projected to propel the segment’s growth.
The segment of pure waterjet
cutting machines is expected to attain a CAGR of 5.6% over the forecast period
owing to its wide application in industries such as custom packaging, food,
tobacco, and beverage to cut soft materials with high efficiency. Moreover,
rising demand for cut out parts like wings, gears, brake types, and turbines
across industries such as mining, aerospace & defense, food & beverage,
textiles, and electronics is anticipated to boost the demand for abrasive
waterjet cutting machines over the forecast period. Thus, the segment is
projected to attain a significant growth from 2020 to 2027.
Pure waterjet cutting machines
use cleanest technology to cut soft materials. However, abrasive waterjet
cutting machines are used to cut high strength alloys and hard materials such
as composite, stones, and metals with high pressure water stream and abrasive
material such as garnet. Moreover, rising preference for this technology over
other cutting technologies owing to its efficiency and capability of performing
various other functions such as drilling, precision, and cutting sharp edges is
anticipated to further drive the waterjet cutting machines market growth over
the forecast period.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Waterjet Cutting
Machines: Market Variables, Trends & Scope
Chapter 4 Waterjet Cutting
Machines: Product Estimates & Trend Analysis
Chapter 5 Waterjet Cutting
Machines: Application Estimates & Trend Analysis
Chapter 6 Waterjet Cutting
Machines: End-use Estimates & Trend Analysis
Chapter 7 Waterjet Cutting
Machines: Industrial End-use Estimates & Trend Analysis
Chapter 8 Waterjet Cutting
Machines: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Waterjet Cutting
Machines: Manufacturers Company Profiles
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