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Waterjet Cutting Machinery Market to Reach US$ 4,246.8 Mn by 2026

Post Time:Apr 15,2019Classify:Industry NewsView:940

The global waterjet cutting machinery market is expected to reach US$ 4,246.8 Mn by 2026, expanding at a CAGR of 8.0% from 2018 to 2026. North America held a prominent share in the global waterjet cutting machinery market in 2017.

Generally, a waterjet cutting system consists of three parts: the waterjet cutting machine, the control system, and an ultra-high-pressure pump.Waterjet cutting technology is a cold cutting process; hence there is no thermal deformation of materials that are cut. These machines can perform minute cutting jobs with a high level of precision and minimum kerf. A kerf is defined as width of a cut made by a waterjet cutting machine. The machines are environment friendly as they cut materials without producing any heat, dust, or smoke unlike other cutting technologies such as laser cutting or plasma cutting.  Water is a naturally found material, so no additional cost is involved in sourcing of raw materials. Globally, there is an increasing demand for waterjet cutting machines due to all these factors.

In developed regions such as North America and Europe, significant number of waterjet cutting machinery is installed in various manufacturing facilities. End-use industries expect to use the latest waterjet machines to increase their manufacturing efficiency. Thus, a lot of replacement of old waterjet machines are expected in developed markets. All these factors present a huge opportunity to waterjet cutting manufacturers to tap the replacement waterjet cutting machinery market in North America and Europe. There is a good opportunity for waterjet cutting manufacturers to penetrate the Asia Pacific textile industry. Asia Pacific is a major region in the world where China and India included. 

The study provides a decisive view of the global waterjet cutting machinery market by segmenting it in terms of product type, machine size, application, pressure range, and horse power. In terms of product type, waterjet cutting machinery are classified as 3D waterjet cutting and robotic waterjet. Based on machine size, the market is classified as small size, medium size, and large size.

Source: ourcryptojournal.comAuthor: Shangyi

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