Zion Market Research, the market research group announced the analysis report titled ‘Waterjet Cutting Machinery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Waterjet Cutting Machinery Market: Overview
Manufacturing companies and workshops utilize advanced machines such as waterjet cutting machines for precise and accurate cutting of work pieces. The waterjet cutting machine is a new advancement in the cutting technology. The key element used by waterjet cutting machine to cut thin or thick materials is water. On the basis of the technology used, the waterjet cutting machine can be categorized as pure waterjet cutting machine and abrasive waterjet cutting machine. The pure waterjet cutting machine uses a jet of water with high pressure to cut thin, porous, or soft materials. The abrasive waterjet cutting machine uses the mixture of both abrasives and water for cutting purpose. Comparatively, the abrasive waterjet cutting machine is more powerful and effective than pure waterjet cutting machine for cutting harder materials such as steel, titanium, and others.
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Waterjet Cutting Machinery Market: Segmentation
The segmentation of the waterjet cutting machinery market is done on the basis of technology, application, and region. Based on the technology, the waterjet cutting machinery is categorized into pure waterjet cutting machine and abrasive waterjet cutting machine. On the basis of application, the market is segmented into automotive, aerospace, mining and metals, electrical and electronics manufacturing, and other manufacturing sectors. Geographically, the waterjet cutting machinery market is diversified into regions such as Asia-Pacific, Europe, North America and Rest of the World.
Waterjet Cutting Machinery Market: Growth Factors
The key advantages for using waterjet cutting machinery are: it is able to cut any material such as copper, aluminum, ceramic, stone, mild stone, brass, glass, and quartz; during the cutting process no dust or harmful particles are emitted and it can cut materials of any shape. The another advantage of using waterjet cutting machinery is that it cuts the materials without producing excess heat, hence useful in cutting heat-sensitive materials such as textiles, leather, composites, stone, metals, paper, rubber, foam, plastics, tile, glass, food, and other materials. The growth of the automobile industry has driven the global market of waterjet cutting machinery. Some of the other factors that are driving the market growth are the high amount of fragmentation in metal working industry, manufacturing industry automation, and the government initiatives to promote the small scale industries. The factor that hampers the waterjet cutting machinery market growth is the high utilization of water and its availability.
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Waterjet Cutting Machinery Market: Regional Analysis
The market growth is in the regions where there are intensive mining activities or large manufacturers of automobiles and jets. The major countries having mining activities are the United States from North America; India, China, and Australia from Asia Pacific; Russia and Ukraine from Europe, and other countries such as South Africa and Brazil. The regions where the waterjet cutting machinery market is growing owing to the aviation and automobile industry are India, China, and South Korea from Asia Pacific; Germany, France, Sweden, Italy, and the U.K. from Europe and the U.S. from North America. There is an increase in foreign investments in countries such as India, Brazil, and South Africa to develop their automobile manufacturing plants which in turn is boosting the waterjet cutting machinery market.
Waterjet Cutting Machinery Market: Competitive Players
Some of the key companies operating in the waterjet cutting machinery market include Bystronic, Baltic Steel, CARDI International Corporation, Flow International Corporation, Hypertherm, Inc., Colfax, Waterjet Corporation S.r.l., ESAB Cutting Systems, Huffman, Waterjet Sweden AB, KMT Waterjet, Omax Corporation, Jet Edge Inc., WARDJet Inc., Koike Aronson, Resato International, and CFC Engineering.
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Global Waterjet Cutting Machinery Market by Regional Analysis: North America (U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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