Abrasive Waterjet Cutting Machine Market 2021: COVID-19 Impact Analysis Report, Future Plans, Business Distribution, Application, Trend Outlook, Deployment Type and Business Opportunities
Market
Highlights
Abrasive
waterjet cutting machines are designed for various applications such as exotic
metal & non-traditional material cutting, glass/metal art, ceramic/stone
cutting, gasket cutting, fiberglass cutting, and foam product cutting. The
abrasive waterjet cutting machine is used to accurately and precisely cut metal
parts in manufacturing industries. The global abrasive waterjet cutting machine
market is estimated to witness 8.5% CAGR during the forecast
period, 2019–2025. The rise in the demand and sales of automobiles, increasing
need for precise and accurate cutting of parts and components, growing
industrial sector in emerging economies, and rising adoption of abrasive
waterjet cutting machines in various end-use industries is further expected to
drive the growth of the global abrasive waterjet cutting machines market during
the forecast period.
The limited
awareness, lack of skilled workers, high costs associated with abrasive
waterjet cutting machines, and high maintenance costs of abrasive waterjet
cutting machines are factors that are expected to hamper the market growth
during the forecast period. However, the growing use of automation for
monitoring abrasive waterjet cutting machines condition, technological
advancement in abrasive waterjet cutting machine, rising automatic machine
operations, and broad scope in emerging economies create opportunities for the
expansion and growth of the market.
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Market
Research Analysis
In terms of
region, the global market for the abrasive waterjet cutting machines is
segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to hold the largest share in the abrasive waterjet
cutting machine market during the forecast period owing to the growing foreign
direct investments in the manufacturing sector and the developing automotive
and construction sectors are expected to increase the demand and sales of
abrasive waterjet cutting machine. Moreover, the region is home to one of the
largest manufacturing industries for machine tools, automotive, electronics,
consumer products, among others, globally. Furthermore, the presence of
emerging economies, such as China and India, is also contributing to the market
growth. On the other hand, North America is projected to witness significant
growth for the abrasive waterjet cutting machine market. Growing investments in
the aviation, automotive, and metal cutting, furniture and glass industries and
the presence of major market players in the US and Canada, is expected to
support the growth of the market during the forecast period. Furthermore,
growing investments in developing advanced abrasive waterjet cutting machines,
growing end-use industries, and the rising number of construction and
infrastructure development projects in North America are expected to drive the
demand for abrasive waterjet cutting machine market in this region during the
forecast period.
The Abrasive Waterjet Cutting Machine Market in Europe is
expected to witness significant growth due to a rise in the adoption of
advanced technology and the increasing expenditure on research and development
by market players in the region. The rest of the world includes South
America and the Middle East & Africa. The Middle East & Africa is an
emerging market owing to the growth in production across end-use industries,
such as construction, industrial, and automotive. The market in South America
is expected to witness rapid growth due to an increase in the building
construction, automobiles, and machinery production industry. Countries such as
Brazil and Argentina are significantly contributing to the growth of the market
owing to the government initiatives, which are pushing the rapid development of
the automotive industry.
Scope
of the Report
This study
provides an overview of the global abrasive waterjet cutting machine market,
tracking three market segments across four geographic regions. The report
studies key players, providing a six-year annual trend analysis that highlights
market size, volume, and share for North America, Europe, Asia-Pacific, and the
rest of the world. The report also provides a forecast, focusing on the market
opportunities for the next six years for each region. The scope of the study
segments the global abrasive waterjet cutting machine market by type,
application, industry, and region.
- By Type
- 3D Waterjet Cutting
Machines
- Micro Waterjet Cutting
Machines
- Robotic Waterjet Cutting
Machines
- By Application
- Exotic Metal &
Non-Traditional Material Cutting
- Glass/Metal Art
- Ceramic/Stone Cutting
- Gasket Cutting
- Fiberglass Cutting
- Foam Product Cutting
- By Industry
- Metal Fabrication
- Automotive
- Aerospace
- Food Processing
- Textile
- Machine Manufacturing
- Medical Device
- By Regions
- North
America
- Asia–Pacific
- Europe
- Rest
of the World
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Key
Players
The Leading
Players in the Global Abrasive Waterjet Cutting Machine Market
include AUTOPRO-UP Co., Ltd. (South Korea), Waterjet Sweden AB (Sweden),
and DARDI International Corporation (China), Omax Corporation (US), KMT
Waterjet (US), Hornet Cutting Systems (US), Koike Aronson (Japan), Semyx (US),
Colfax Corporation (US), Lincoln Electric Company (US), Flow International
(US).
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