Waterjet Cutting Machine Market size was over USD 43.26 Billion in 2023 and is likely to reach USD 86.76 Billion by the end of 2036, growing at around 5.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of waterjet cutting machine is assessed at USD 45.4 Billion. The growth of the market can be attributed to the growing production of metals. Waterjet is typically used in cutting a wide range of metals and making products out of them, therefore higher production of metals will increase the usage of waterjet. The globe mined around 181 million tonnes of different metals in 2021, including aluminum, chromium, copper, magnesium, zinc, lead, titanium, nickel, zinc, and others.
Besides this, a factor that is believed to fuel the market growth of waterjet cutting machine is the growing production of new clothes- Every year, around 80 billion to 100 billion new clothes are produced in the world. Waterjet cutting machines can handle multiple layers of fabric simultaneously, allowing for efficient mass production of clothes.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.5% |
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Base Year Market Size (2023) |
USD 43.26 Billion |
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Forecast Year Market Size (2036) |
USD 86.76 Billion |
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Regional Scope |
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Waterjet (Abrasive, Non-Abrasive)
The abrasive segment is estimated to hold around 60% share of the global waterjet cutting machine market in the year 2036. The growth of the segment can be attributed to the need for high accuracy while cutting the materials. In comparison to other types of waterjet and other technologies, such as plasma cutting and others, abrasive waterjet cutting machines offer a high level of precision, enabling the carving of complete and intricate designs. Moreover, the abrasive one does not generate heat while being used.
End User (Automotive, Aerospace, Mining, Electronics, Metal Fabrication, Food & Beverage)
The automotive segment is expected to garner a significant share of around 38% in the year 2036. Modern automobiles are built using a wide range of advanced materials, such as advanced plastic, metals, glass, and composites. Waterjet cutting machine is highly suitable for the automotive industry as it provides high precision with all these materials. The typical automobile contains 30,000 parts, nearly one-third of which are made of plastic, that includes, handles, dashboards, panels, seating, cable insulation, and others.
Our in-depth analysis of the global market includes the following segments:
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Offering |
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Product Type |
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Waterjet |
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End User |
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North American Market Forecast
The waterjet cutting machine market in North America, is projected to be the largest with a share of about 35% by the end of 2036. The growth of the market in the region can be attributed majorly to the increasing production of automobiles. The United States is one of the largest producers of automobiles, and the demand for waterjet cutting machines has increased dramatically. On the other hand, the presence of a large network of small and medium-sized businesses in Canada has boosted the manufacturing units of the region thus it drives the market growth in North America.
APAC Market Statistics
The Asia Pacific waterjet cutting machine market is estimated to be the second largest, registering a share of about 28% by the end of 2036. The growth of the market can be attributed majorly to the rising manufacturing industry. Asia Pacific has become the new hub for the manufacturing of products. Countries such as China have achieved a major mark in the manufacturing industry and India is also rapidly advancing. We anticipate that ASEAN manufacturing production might increase by USD 400 billion to USD 600 billion per year by 2030, compared to 2020 levels.
Author Credits: Richa Gupta
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