Waterjet Cutting Machine Market Analysis Report By Type, By Application, By Region And Segment Forecasts From 2020 To 2027

Industry Insights

The global waterjet cutting machine market was accounted for USD 969.2 million, in 2019. It is anticipated to register a CAGR of 5.1% over the forecast period, 2020-2027. The rising adoption of eco-friendly cutting practices across different sectors such as mining, construction, automotive, textile, packaging, and electronics is the major factor driving the demand for waterjet cutting machines. Moreover, rising automation in these industries is anticipated to boost the demand for such advanced machines from 2020 to 2027.

These machines are capable of cutting several materials including composites, flammable materials, metals, and glass. Waterjet machines can cut steel plates that have thicknesses of around 10 inches using distilled water or a combination of distilling water and abrasive liquids as a medium for cutting. For example, Flow International Corporation has a series of waterjet cutting machines called the ‘Mach’ series. These machines are capable of cutting materials that are 24 inches thick. Moreover, these machines can perform a variety of functions including precision, rapid drilling, or cutting thin details.

The rising popularity and adoption of waterjet cutting machines owing to technological advancements and continuous innovation are anticipated to further propel market growth. Technological advancements such as robotic waterjet cutting machines and 3D waterjet cutting machines are contributing positively to produce specific cutting processes and boost the throughput of end-users. For example, WARDJet provides waterjet cutting machines that are based on robotic automation to different industries including automotive, textiles, electronics, and aerospace for producing samples for weld tests.

Rising demand for upgraded machines and equipment is anticipated to drive the demand for waterjet cutting machines (WCMs). Moreover, the rising preference for WCMs among the end-use industries owing to its high-pressure jet and cold cutting technology that enable producing smooth and sharp edges without distortion and warping is anticipated to propel the demand for WCMs over the forecast period.

In North America, U.S. is projected to be the biggest market for WCMs. The segment of pure WCMs is projected to grow at the fastest growth from 2020 to 2027. The wide application of WCMs across different industries such as food, robotics, tobacco, packaging, and beverages is projected to propel market growth in this region in the forthcoming years.

Type Insight

On the basis of type, the market is divided into pure and abrasive waterjet cutting machine markets. Pure WCM uses pure or distilled water as a medium for cutting whereas abrasive WCM uses a mixture of water and abrasive liquids as a cutting media. The cleanest type of WCM technology is pure waterjet. It uses a stream of water at high pressure for producing precise cuts on soft or thin material.

The pure WCM segment is anticipated to attain a CAGR of 5.6% over the forecast period. Generally, pure WCM is used to cut thinner or softer materials such as paper, gasket, plastics, foam, food, insulation, cement board, carpet, and disposable diapers. It uses cold cutting technology that reduces the generation of the heat-affected areas in the cutting material.

The segment of abrasive waterjet cutting machines held the largest market share in 2019 and is anticipated to maintain its leading position from 2020 to 2027. The rising popularity of precise automotive performance components coupled with rising demand for cut out parts like wings, gears, brake types, and turbines across industries such as mining, aerospace & defense, food & beverage, textiles, and electronics are the factors projected to fuel the segment’s growth over the forecast period. Abrasive materials like garnet are used with water streams at high pressure to speed up the cutting process. It can be used to cut materials such as stones, metals, and composites. Thus, abrasive WCM is used to cut hard materials and high-strength alloys.

Application Insights

On the basis of application, the waterjet cutting machines market is divided into electronics, mining, automotive, metal fabrication, aerospace & defense, and others. Rapid development and adoption of complex high precision automotive components in the automotive industry are anticipated to drive the demand for WCMs over the forecast period. Moreover, the need for improving operational efficiency is projected to drive the need for implementing robotic systems in WCMs. The application segment of the automotive industry is projected to expand at a CAGR of 4.8% over the forecast period.

The aerospace & defense application segment is projected to grow at a CAGR of 5.4% from 2020 to 2027. The rising preference for these machines to cut composite materials for developing components of aircraft including jet engines and turbines is driving the segment’s growth. In addition, the rising adoption of WCMs for developing complex military and defense products like rotary blades, guided missiles, aircraft fuselages, space vehicles, and thick metal sheets is anticipated to further boost the segment’s growth.

In addition, pure WCMs are gaining high popularity across other industries such as tobacco, food, custom packaging, and beverage owing to factors such as improved efficiency for cutting soft materials and hygiene and sanitation factor is anticipated to drive the adoption of WCMs over other cutting equipment and technologies.

Regional Insights

In 2019, Asia Pacific held the largest market share of over 35% across the global market. Economic development and increasing industrialization in countries such as India, South Korea, Japan, and China are the factors projected to propel regional market growth. In addition, the rapid growth of industries such as electronic, food, tobacco, beverage, metal & mining, and material handling across this region is anticipated to further fuel the market growth from 2020 to 2027.

Asia Pacific is projected to attain the fastest growth from 2020 to 2027 owing to the rising adoption and popularity of POS terminals coupled with the rising adoption of online payment applications in emerging countries like Vietnam, India, China, and Indonesia. Moreover, rising demand for compatible and robust POS software across emerging businesses with high growth prospects such as retail, entertainment, e-commerce, and food delivery services is projected to further proliferate the regional market growth from 2020 to 2027.

Europe is projected to grow at the fastest growth rate over the forecast period and the Western European region is considered to be the potential market for waterjet cutting machines. Factors such as advancements in technology and the increasing popularity of technologies that prevent over-consumption of energy are some of the major factors driving the growth of the regional market. In addition, U.S. is anticipated to be the most potential market for WCMs in North America owing to the rapid growth of the automation, electronics, and robotics industry.

Waterjet Cutting Machine Market Share Insights

Leading players operating in this industry are Dardi International Corporation; Colfax Corporation; Omax Corporation; Koike Aronson, Inc.; Flow International Corporation; Hornet Cutting Systems; WARDJet, Inc. (AXYZ Automation Group); and A Innovative International Ltd. These players are continuously engaged in manufacturing, distribution, and designing of waterjet cutting machines.

These players are investing in R&D to develop new products that improve operational efficiency. Moreover, the existence of a large number of local companies in the Asia Pacific is anticipated to be the major threat for global players owing to the price and product quality provided to the consumers.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Million Insights has segmented the global waterjet cutting machine market report on the basis of type, application, and region:

• Type Outlook (Revenue, USD Million, 2016 - 2027)
    • Pure
    • Abrasive

• Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Automotive
    • Electronics
    • Aerospace & Defense
    • Mining
    • Metal Fabrication
    • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • China
        • Japan
        •  India
        • South Korea
    • Rest of World