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.