Waterjet Cutting Machine Market Growing Rapidly in Next 5 Years

Posted by Tom C on July 26th, 2024

Global waterjet cutting machine market size is projected to reach USD 1.5 billion by 2026, Growing at a CAGR of 6.2% during the forecast period.

The market is driven by rising adoption of waterjet cutting machines across different industries, growing automotive industry, and operational excellence offered by waterjet cutting machine.

Moreover, growing inclination of SMEs towards industrial automation and increasing demand for waterjet cutting machine from industries in APAC are expected to to create high growth opportunities for the market over the forecast period. However, high cost of ownership and development of cost-effective technologies could affect the market growth.

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By waterjet segment, Abrasive segment of waterjet cutting machine market to register for largest market in 2027

The abrasive waterjet cutting machines use abrasive materials in the high-pressure waterjet to cut the materials. These machines are used for cutting applications such as glass, metal, stone, and tile cutting. They are used in industries such as aerospace & defense, automotive, and metal fabrication.

By Industry segment, Automotive industry to create highest growth opportunities for the waterjet cutting machine market during the forecast period

The automotive industry is a key consumer of waterjet cutting machines. Waterjet cutting machines in automotive are used for cutting interior and exterior parts of the vehicles such as carpets, door panels, glass, rubbers, and dashboards. The use of waterjet cutting machines improves the flexibility of cutting equipment and enables ease with automation for the automotive industry, which drives the growth of the waterjet cutting machine market for this industry.

By Region, North America waterjet cutting machine market to account for the largest market share
In North America, the US is the largest market for waterjet cutting machines. The country has witnessed rapid growth in industries such as automotive, electronics, food, and aerospace. The growth in this market can be attributed to the large industrial base and high production capacity of companies in the country. The US is one of the largest automotive markets in the world and is home to several auto manufacturers, which is driving demand for waterjet cutting machines.

The Canadian manufacturing sector is dominated by the presence of a large number of small and medium-sized manufacturers. It has sophisticated infrastructure for various industries such as healthcare, automotive, and aerospace. Canada is one of the leading export economies in the world, with exports including automotive parts, and metals.

The major playersin the waterjet cutting machinemarket are Omax (US), Flow (US), Koike Aronson (US), Wardjet (US), Dardi (China), Lincoln Electric (US), Techni Waterjet (Australia), KMT (US), Colfax (US),  Waterjet Sweden (Sweden), Innovative (India), Hornet Cutting System (US), Jekran (Malta), STM waterjet (Austria), International Waterjet Machines (US), Waterjet Corporation (Italy), Swaterjet (China), Foshan Yongshengda Machinery (China), Resato (Netherlands), Accurl (US), LDSA (France), Kimtech (Sweden),  Jet Edge (US), Microstep (Slovakia).