Waterjet Cutting Machine Market Size & Share, by Offering (Hardware, Software, Services); Product Type (Micro, 3D, Robotic); Waterjet (Abrasive, Non-Abrasive); End-user (Automotive, Aerospace, Mining, Electronics, Metal Fabrication, Food & Beverage) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 1531
  • Published Date: Aug 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Waterjet Cutting Machine Market size is poised to surpass USD 71 Billion by the end of 2035, growing at a CAGR of 5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of waterjet cutting machine was USD 41 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.


Waterjet Cutting Machines Market size
Get more information on this report: Request Free Sample PDF

Waterjet Cutting Machine Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Need to Reduce Food Wastage– Globally, around 1.3 billion of food is wasted every year, which accounts for one-third of the total produce. Owing to higher food wastage the need for waterjet cutting becomes important since it allows for precise cuts and portioning thus preventing the wastage of food.
  • Rise in the Number of Wind Energy Projects– In 2021, global offshore wind installations reached a new high of 17,398 MW, bringing the total capacity currently operational to 50,623 MW. A waterjet cutting machine is used for the manufacturing of wind turbines, which are made up of carbon fiber tape or fiberglass.
  • Rising Investment in Defense Sector- In 2021, total worldwide military spending grew by 0.7% in real terms to USD 2113 billion. Higher investment leads to the production of better defense equipment, waterjet is used in prototyping the equipment and makes necessary personalization.

Challenges

  • High Operational Costs- On the top of upfront cost of the waterjet cutting machine, the operation cost of the equipment is also very high. The operational costs include consumables such as maintenance, and energy consumption. Moreover, the operational cost is an ongoing cost and adds up over time.
  • Instances of Downtime
  • Hard to achieve accuracy

Waterjet Cutting Machine Market: Key Insights

  Base Year

  2022

  Forecast Year

  2023-2035

  CAGR

  ~5%

  Base Year Market Size (2022)

  ~ USD 41 Billion

  Forecast Year Market Size (2035)

 ~ USD 71 Billion

  Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Waterjet Cutting Machine Segmentation

Waterjet (Abrasive, Non-Abrasive)

The abrasive segment is estimated to hold around 60% share of the global waterjet cutting machine market in the year 2035. 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 2035. 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:

        Offering

  • Hardware
  • Software
  • Services

        Product Type

  • Micro
  • 3D
  • Robotic

        Waterjet

  • Abrasive
  • Non-Abrasive

        End User

  • Automotive
  • Aerospace
  • Mining
  • Electronics
  • Metal Fabrication
  • Food & Beverage
 

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Waterjet Cutting Machine Industry - Regional Synopsis

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 2035. 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 2035. 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.

Research Nester
Waterjet Cutting Machines Market
Get more information on this report: Request Free Sample PDF

Companies Dominating the Waterjet Cutting Machine Landscape

top-features-companies
    • Kennametal Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Flow International Corporation
    • Ceratizit S.A.
    • Jet Edge, Inc.
    • Kimbald Technology AB
    • Techni Waterjet
    • Hypertherm Inc.
    • ALLFI AG
    • KMT Waterjet
    • GMA Garnet Pty. Ltd.
    • OMAX Corporation

In-the-news

In The News

  • June 2021: Ceratizit S.A. announced has acquired the rest shares of Ceratizit Log Angeles, also known as Carbide Cutting Tools. This will boost the strategy for producing advanced cutting tools.
  • March 2023: Hypertherm Associates announced the launch of ProNest LT 2023 version 151 nesting software. It is a subscription-based platform for waterjet cutting.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 1531
  • Published Date: Aug 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for packaging, automobiles, solar panels, and wind turbines are the major factors driving the market growth.

The market size of waterjet cutting machine is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Kennametal Inc., Flow International Corporation, Ceratizit S.A., Jet Edge, Inc., Kimbald Technology AB, Techni Waterjet, Hypertherm Inc., ALLFI AG, KMT Waterjet, and GMA Garnet Pty. Ltd.

The abrasive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Waterjet Cutting Machine Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying