A new report published by Research nester, titled “Waterjet Cutting Machines Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the waterjet machines market in terms of market segmentation by type of technology, by pump, by end use industry and by region.
The waterjet cutting machines market is segmented by the type of technology into pure waterjet cutting technology and abrasive waterjet cutting technology; by pump into direct derive pump and intensifier pump; by end use industry into automotive, defense and aerospace, metal fabrication shops, electronics, textile and others; by region into North America, Europe, Asia Pacific, Latin America & Middle East & Africa. The waterjet cutting machines is anticipated to record a CAGR of 9.2% over the forecast period i.e. 2019-2027.
Increasing end use industries are opting for automating various manual processes, resulting minimized turnaround time, labor and overall cost. This has resulted in improved quality of the end product along with higher efficiency of the production process.
On the basis of regional analysis, the waterjet cutting machines market is segmented into five major regions, North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America market is anticipated to capture the largest market owing to heavy demand from core end users and ample opportunities due to the expansion of manufacturing process. The rapidly growing automotive industry in the Europe region, is expected to present a highly attractive opportunity for the waterjet cutting machines market. The market of Asia pacific is expected to show significant growth owing to development of industrial sector and advancements in manufacturing processes.
Minimized Surface Defects
Waterjet machines are highly reliable while performing their cutting operations. In comparison with electrical machines, the waterjet cutting machines tend to produce lesser thermal and mechanical stress. Improved design of these machines is anticipated to propel the growth of data center service market. Additionally, as these machines do not result in the creation of heat affected zones, these are highly preferred for operations in comparison with conventionally used equipment.
Growing Automobile Sector
Digitalization and globalization has revolutionized the automobile sector especially the design of vehicles parts. Increasing technical advancements and innovations in this market are expected to propel the demand for waterjet cutting machines globally.
However as waterjet machines require high initial cost for setup. Regular maintenance also adds up to the total operational cost. Additionally, as the equipment requires high water jet speed for cutting operations, water availability is a major factor that limits the efficiency of the equipment. These are some of the key factor restraining the growth of waterjet machines market across the globe.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the waterjet machines market which includes company profiling of Bystronic Laser AG, Colflax Corporation, Omax Corporation, Resto International BV, Shape Technologies Group, Hypertherm, Inc., Dardi International Corporation and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the data center service market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.