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The global waterjet cutting machine market size is expected to reach USD 1.99 billion by 2030, according to a new study by Polaris Market Research.

The increasing number of continuous technological developments and innovations, coupled with increasing demand for deploying industrial control systems, are the chief factors anticipated to drive the industry demand across the globe. In addition, the rising inclination towards implementing eco-friendly cutting practices and processes majorly across the industries such as textile, construction, mining, packaging, automotive, and electronics is presenting various growth prospects to the industry demand. Furthermore, the growth of the emerging nations, increasing investments in the R&D activities, and the rising application in the target industries are further attributed to the industry growth over the projected period.

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The automotive segment holds the highest shares and dominates the global industry based on the industry. The growing demand for manufacturing high precision complex automotive parts and robotic systems is also instigated by the WCMs in the production lines across the automotive segment, bolstering the segment market growth.

In addition, this equipment display superior operational efficiency and are capable of cutting different shapes and thicknesses like the laminated materials such as rubber-lined wear plates and aluminum composite panels. It is a cold cutting process that eliminates the problem of heat distortion and hardened edges. Moreover, the growing population in the Asia Pacific also fosters the increased demand for adequate mobility. These machines are likely to significantly impact the aerospace, automotive, and electronics industries, as they can be mainly adopted to cut any materials used in industries.

Market participants such as Colfax, Accurl, Foshan Yongshengda, International Waterjet Machine, Hornet Cutting System, Jekran, Jet Edge, Koike Aronson, Kimtech, LDSA, Lincoln Electric, Resato, Microstep, STM waterjet, Techni Waterjet, Swaterjet, and Waterjet Corporation are some of the key players operating in the global market.

Various market vendors introduce strategic actions such as mergers & acquisitions, product launches, geographical expansion, etc., to reinforce their market growth. For instance, in April 2021, Techni Waterjet entered into a partnership agreement with Dynamic Machine Tools, a heavy & medium complex Mechanism Tools supplier. The main objective of this partnership is that both companies would sell Techni machines to their customers in OR, AK, WA, and ID.

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Polaris market research has segmented the waterjet cutting machine market report on the basis of offerings, waterjet, product type, industry:

Waterjet Cutting Machine, Offerings Outlook (Revenue – USD Billion, 2018 – 2030)

Waterjet Cutting Machine, Waterjet Outlook (Revenue – USD Billion, 2018 – 2030)

Waterjet Cutting Machine, Product Type Outlook (Revenue – USD Billion, 2018 – 2030)

Waterjet Cutting Machine, Industry Outlook (Revenue – USD Billion, 2018 – 2030)

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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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