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Global Waterjet Cutting Machine Market 2018-2023 - Opportunity in Increasing Demand for Mechanized Cutting in Industrial Sector of Developing Economies

Post Time:Apr 25,2019Classify:Industry NewsView:978

The waterjet cutting machine market is expected to grow from USD 921.7 million in 2018 to reach USD 1,248.0 million by 2023, at a CAGR of 6.25% between 2018 and 2023. 

The market in this report has been segmented on the basis of product type into 3D waterjet cutting machines, micro waterjet cutting machines, and robotic waterjet cutting machines. The 3D waterjet cutting machines are expected to hold the largest size of the market based on product type by 2023, which has been the most commonly deployed product type across the world. 3D waterjet cutting systems are widely used in the aerospace and automotive industries, as well as in the prototype development applications of various industries.

APAC accounted for the largest share of the global waterjet cutting machine market in 2017. The growth of the market in APAC is driven by the expansion of the metal fabrication and automotive industries, coupled with the growing machine manufacturing industry, in countries such as India and China. Additionally, the factors such as the rise in infrastructural expenditure, growing population, and increased consumer spending are the main drivers for the waterjet cutting machine market in APAC.


Source: glassinchinaAuthor: Shangyi

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