Abrasive Waterjet Cutting Machine Industry Market 2021: COVID-19 Impact Growth,
Posted by Komal Boudhh on January 22nd, 2021
Abrasive waterjet cutting machines are designed for various applications such as exotic metal & non-traditional material cutting, glass/metal art, ceramic/stone cutting, gasket cutting, fiberglass cutting, and foam product cutting. The abrasive waterjet cutting machine is used to accurately and precisely cut metal parts in manufacturing industries. The global abrasive waterjet cutting machine market is estimated to witness 8.5% CAGR during the forecast period, 2019–2025. The rise in the demand and sales of automobiles, increasing need for precise and accurate cutting of parts and components, growing industrial sector in emerging economies, and rising adoption of abrasive waterjet cutting machines in various end-use industries is further expected to drive the growth of the global abrasive waterjet cutting machines market during the forecast period.
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Market Research Analysis
In terms of region, the global market for the abrasive waterjet cutting machines is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to hold the largest share in the abrasive waterjet cutting machine market during the forecast period owing to the growing foreign direct investments in the manufacturing sector and the developing automotive and construction sectors are expected to increase the demand and sales of abrasive waterjet cutting machine. Moreover, the region is home to one of the largest manufacturing industries for machine tools, automotive, electronics, consumer products, among others, globally. Furthermore, the presence of emerging economies, such as China and India, is also contributing to the market growth. On the other hand, North America is projected to witness significant growth for the abrasive waterjet cutting machine market. Growing investments in the aviation, automotive, and metal cutting, furniture and glass industries and the presence of major market players in the US and Canada, is expected to support the growth of the market during the forecast period. Furthermore, growing investments in developing advanced abrasive waterjet cutting machines, growing end-use industries, and the rising number of construction and infrastructure development projects in North America are expected to drive the demand for abrasive waterjet cutting machine market in this region during the forecast period.
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The Leading Players in the Global Abrasive Waterjet Cutting Machine Market include AUTOPRO-UP Co., Ltd. (South Korea), Waterjet Sweden AB (Sweden), and DARDI International Corporation (China), Omax Corporation (US), KMT Waterjet (US), Hornet Cutting Systems (US), Koike Aronson (Japan), Semyx (US), Colfax Corporation (US), Lincoln Electric Company (US), Flow International (US).
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About the AuthorKomal Boudhh
Joined: July 17th, 2020
Articles Posted: 121
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