What is the Impact of the Novel Coronavirus on the Waterjet Cutting Machine Market?

The global waterjet cutting machine market size is expected to reach USD 1.4 billion by 2027, registering a CAGR of 5.1% from 2020 to 2027, according to the new study conducted by Grand View Research, Inc. Growing advancements and innovations in the waterjet cutting industry has led to the development of robotic waterjet cutters, which has contributed to improving the operational efficiency across various sectors. Moreover, the innovation of pumps from traditional intensifier designs to fast direct drive pumps coupled with the enhanced nozzle designs to provide improved cutting rates can be attributed to the increased demand for waterjet cutting machines.

Furthermore, the intricate design of aerospace and defense components which require high precision and accuracy in terms of dimensions can be achieved through the machines, which has compelled the manufacturers to focus on product development. For instance, in 2017, OMAX Corporation introduced its latest generation of MicroMax series, a micro-abrasive waterjet technology which has a positioning accuracy of fewer than five microns. Additionally, benefits such as the cold cutting method, no generation of hazardous waste, and a cleaner finished output has led to the adoption of the machines in various applications such as the healthcare industry, semiconductor manufacturing industry, packaging industry, and mining industry.

Waterjet Cutting Machines Market Segmentation

Grand View Research has segmented the global waterjet cutting machine market on the basis of type, application, and region:

Based on the Type Insights, the market is segmented into Pure and Abrasive.

• Pure waterjet is the cleanest form of waterjet cutting technology and it works by directing a high-pressure water stream on a thin or soft material for a precise cut.
• PWCM is usually used to cut softer materials, including gaskets, foam, paper, plastics, insulation, disposable diapers, cement board, food, and carpet. Pure waterjet is a cold cutting process that eliminates the risk of a heat-affected zone in the material.
• Abrasive waterjet cutting machine (AWCM) dominated the market in 2019 and is expected to continue its dominance over the forecast period. Growing demand for precise automotive performance parts and other cut out materials such as brake types, wings, turbine, gears in aerospace and defense, electronics, mining, textiles, food, and beverage industries is attributing to segmental growth.

Based on the Application Insights, the market is segmented into Automotive, Electronics, Aerospace & Defense, Mining, Metal Fabrication and Others.

• The waterjet cutting machine market is segmented into automotive, electronics, aerospace and defense, mining, and metal fabrication, and others. High adoption of WCMs was observed in the automotive industry, owing to the increasing demand for producing high precision complex automotive parts.
• The WCMs are also highly preferred in the development of critical defense and military products such as guided missiles, space vehicles, and cutting solutions for the rotary blades, thick sheet metals, and aircraft fuselages.
• The popularity of waterjet cutting machines is also growing among other application areas such as food, beverage, tobacco, and custom packaging solutions. Among these industrial applications, pure waterjet is used mostly, owing to its high efficiency in cutting soft materials.

Waterjet Cutting Machine Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The global market comprises both global as well as regional players that are engaged in the design, manufacturing as well as the distribution of WCMs. Major players have invested extensively in research and development operations in recent years. The existence of local players in the Asia Pacific poses a substantial threat to the global companies in terms of product quality and price offered to the customers. The market is projected to witness growth opportunities in emerging economies of Asia Pacific and Central and South America.

Some prominent players in the Global Waterjet Cutting Machine market include:

• Colfax Corporation
• Dardi International Corporation
• Omax Corporation
• Flow International Corporation
• Koike Aronson, Inc.
• Hornet Cutting Systems
• WARDJet, Inc. (AXYZ Automation Group)

Order a free sample PDF of the in Waterjet Cutting Machine Market Intelligence Study, published by Grand View Research.