Dublin, Dec. 14, 2023 (GLOBE NEWSWIRE) -- The "Waterjet Cutting Machines - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Waterjet Cutting Machines Market to Reach $1.6 Billion by 2030
The global market for Waterjet Cutting Machines estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$1.6 Billion by 2030, growing at a CAGR of 3% over the analysis period 2022-2030.
This report offers a comprehensive analysis of the Waterjet Cutting Machines market, including an assessment of competitive market presence for players worldwide in 2022, categorized as strong, active, niche, or trivial. It underscores the importance of after-sales customer service, training, and support in achieving success in the marketplace, as well as the role of machinery cost as a key competitive variable.
Hardware, one of the segments analyzed in the report, is projected to record 2.6% CAGR and reach US$742.8 Million by the end of the analysis period. Growth in the Software segment is estimated at 3.2% CAGR for the next 8-year period.
The report provides insights into the cost breakdown of Waterjet Cutting, including the percentage breakdown of costs related to abrasive, water, wear parts, and power. It also explores the rising trend of customization and the price-sensitive nature of traditional end-use markets. Widespread awareness among end-users is identified as a crucial need, and the replacement demand is highlighted as a significant market opportunity.
Jet Edge's Ultra High-Pressure Waterjet Cutting Technology is introduced, emphasizing its superiority over other cutting technologies. The report includes a comparative analysis of cutting technologies and discusses the distribution structure and the importance of the aftermarket.
The U.S. Market is Estimated at $523.9 Million, While China is Forecast to Grow at 7.4% CAGR
An overview of the manufacturing industry's state and its impact on market growth is provided, with a focus on global market prospects and outlook. Key growth drivers are identified, with a particular emphasis on the high potential of the Asia-Pacific market.
The Waterjet Cutting Machines market in the U.S. is estimated at US$523.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$213.9 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 481 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.3 Billion |
| Forecasted Market Value (USD) by 2030 | $1.6 Billion |
| Compound Annual Growth Rate | 2.6% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Waterjet Technology: A Growth Trajectory Marked by Adoption and Evolution
- Waterjet Cutting Machines: An Industry Evolved through Innovations
- Waterjet Technology Advancements: Spearheading Growth
- 3D Waterjet Cutting
- Micro Waterjet Cutting
- Robotic Waterjets
- Highly Efficient Software Essential for Next Generation Waterjet Cutting Machines
- Integrated CAD/CAM Software Address Productivity Challenges
- Smaller-Sized Waterjet Cutting Machines Gains Popularity
- MCSD-based Orifices Gaining Acceptance
- Abrasive Waterjet Cutting Machines
- Advances in Abrasive Waterjet Technology
- Abrasive Waterjets for Thicker Materials Cutting
- Applications of Modern Waterjets
- Importance of Speed and Reliability
- Automation and Modern Skill Requirements
- Connected Systems and User-Friendliness- Key Focus Areas of Producers
- Aerospace Application: A Strong Growth Driver for High-End Waterjet Cutting Machines
- Global Fleet of Commercial Aircraft (2017 & 2036) by Region (in Units)
- Massive Negative Impact on Air Travel Leading to Weak Momentum in Aerospace Component Manufacturing: Global Airlines Performance by Region: 2020 Vs 2019
- Implementation of Specialized Aerospace Materials Triggers Innovation in Waterjet Cutting Machines
- Rising Popularity of Carbon Fiber-Reinforced Polymers Bodes Well
- Anticipated Commercial Aircraft Orders Augurs Well
- Pressing Need for Precision Engineering Brightens Prospects for Waterjet Cutting Machines
- Anticipated Growth in Automobile Production to Spur Market Demand
- Pandemic Effect on the Automotive Industry
- Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
- Recovery in Construction Activity Offers Growth Opportunities
- Percentage Share of Construction Spending by Region - 2021
- Waterjet Cutting Machines Eliminates Various Risks in Stone & Tile Cutting
- Pandemic Effect on the Construction Industry
- Global Construction Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Novel Applications in the Healthcare Sector Opens Up Avenues for Future Growth
- Semiconductor & Consumer Electronics Manufacturing: A Niche Application Area
- Impact of COVID-19 on Electrical Equipment & Consumer Electronics Industry
- Growing Market for Consumer Electronics Presents Opportunity for Waterjet Cutting Machines Market: Consumer Electronics Sales in US$ Billion for the Years 2018, 2020, 2022 and 2024
- Non-metal Waterjet Cutting Offer Huge Untapped Potential
- Waterjet Technology for Stone and Tile Cutting for Custom Homes
- Niche Application Areas for Waterjet Cutting Machines
- Rapid Mushrooming of Job Shops in Developing Countries Augurs Well for the Market
FOCUS ON SELECT PLAYERS(Total 78 Featured)
- PaR Systems LLC
- ESAB Group (UK) Ltd.
- ESAB
- Hypertherm, Inc.
- BIESSE S.P.A.
- Optomec, Inc.
- Biesse Group - Intermac
- Koike Aronson, Inc.
- NLB Corporation
- OMAX Corporation
- Perfect Score Technologies
- Resato International BV
- Thibaut SAS
- CMS SpA
- Bison Machinery Limited
For more information about this report visit https://www.researchandmarkets.com/r/54dx77
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