Waterjet Cutting Machine Market to Exhibit 6.3% CAGR till 2027; High Demand for Optimized Cutting Experience to Aid Growth

The global waterjet cutting machine market size is projected to reach USD 1,675.1 million by 2027. It is likely to gain impetus from the need to reduce labor cost.The suppliers are hence, emphasizing on synergizing the intelligence and efficiency to provide an optimized and enhanced cutting experience. This information is provided by Fortune Business Insights™in a recent study, titled, “Waterjet Cutting Machine Market Size, Share & Industry Analysis, By Type (Micro Waterjet Cutting Machine & Robotics Waterjet Cutting Machine), By Technology (Pure & Abrasive), By Pressure Range (Less than 4200 & 4200 and above), By Pump Type (Direct Drive Pumps & Hydraulic Intensifier Pumps), By Industry (Aerospace & Defense, Automotive, Electronics, Energy & Power, Metal Fabrication, Rubber & Plastic and Others) and Regional Forecast, 2020-2027.” The study further states that the market stood at USD 1,036.9 million in 2019. However, it is set to exhibit a CAGR of 6.3% during the forecast period between 2020 to 2027.

Water Jet Sweden Unveils Next-gen Cutting Tool Named Alphajet

In April 2020, Water Jet Sweden, aleading manufacturer of water cutting systemsannounced the launch of its next generation of perpendicular and taper angle control waterjet cutting called Alphajet. The new tool is equipped with afixed TCP point and a compact design. It would provide exceptional cutting results with small and precise movements, as well as carefully selected machine elements. Taper angle control can be taken to a whole new level with the help of Alphajet. The product possesses low weight. Its limitations are less in the work area. The user would be capable of fitting up to four tools on the same machine by keeping the accuracy high and quadrupling the cutting capacity.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/waterjet-cutting-machines-market-102026

Rising Need to Enhance Serviceability Will Favor Growth

Metal shaping is one of the current trends in the field of waterjet cutting machine. Manufacturers are nowadays looking for tools that would rapidly detect a consumer’s issues and would fix the same in real-time. They are also trying to enhance the serviceability. Apart from that, they are seeking to rely more onpredictable maintenance machineries, as well as surge uptime. Suppliers of the machines of Waterjet Cutting are focusing more on blending intelligence and efficiency to provide a premium cutting experience. This way, they will also be able to refine the reliability of their manufacturing processes.

However, the recent outbreak of the COVID-19 pandemic is set to affect the waterjet cutting machines market growth negatively in the coming years because of the sudden reduction in the sales of a wide range of industries, as well as the decline in supply chains.

Key Players Aim to Intensify Competition by Launching Novel Products

Numerous companies present in the market are nowadays investing huge sums in research and development activities to introduce state-of-the-art waterjet cutting machines to fulfil the growing needs of the masses. KMT Waterjet, a renowned company, is currently focusing on a wide range of pumps to augment its technology.

Fortune Business Insights™ presents a list of all the manufacturing companies operating in the market. They are as follows:

• Dardi International Corporation (China)
• KMT (United States)
• Flow International Corporation. (United States)
• BYSTRONIC (Switzerland)
• Water Jet Sweden (Sweden)
• WATERJET CORPORATION S.R.L. (Italy)
• WARDJet (AXYZ Automation Group) (United States)
• Resato International. (Netherlands)
• OMAX Corporation (United States)
• Koike Aronson, Inc. (United States)

A Noteworthy Industry Development-

• April 2017: OMAX Corporationexhibited its latest abrasive waterjet line at FABTECH 2017. This launch would aid OMAX in providing its waterjet manufacturing and engineering technology to a large consumer bases.

Further Report Findings-

• North America generated USD 352.5 million in 2019 in terms of revenue. The region is likely to lead the market owing to the rising automation and the presence of several prominent manufacturers. Also, the developments occurring in various industries, such as aerospace & defense, automotive, and metal fabrication would accelerate the market growth in this region.
• Asia Pacific would grow at the highest rate stoked by the expansion of the metal industry in this region. Apart from this, the rising number of research and development activities taking place in India and China would drive growth.
• Based on industry, the metal fabrication segment held 26.7% market share in 2019. This growth is attributable to the rapid industrialization worldwide.

The global market can be segmented in the following way: