Dublin, Feb. 20, 2024 (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$1.1 Billion in the year 2022, is projected to reach a revised size of US$1.6 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$737 Million by the end of the analysis period. Growth in the Software segment is estimated at 5.1% CAGR for the next 8-year period. 
Innovations in waterjet cutting machines are revolutionizing precision and efficiency, paving the way for future growth in the industry. Amidst a competitive scenario, players worldwide exhibit varying levels of presence, with a focus on after-sales customer service, training, and support as crucial factors for success. The cost of machinery remains a key competitive variable, while customization gains momentum to meet diverse market needs. Traditional end-use markets, albeit price-sensitive, continue to drive demand, with replacement demand presenting a sizable market opportunity.
Waterjet cutting machines offer versatile cutting methods, categorized by size and renowned for their advantages over other cutting technologies. With applications spanning various industries, waterjet cutting technology stands out for its precision and efficiency. Recent market activity highlights ongoing developments and innovations by select global brands, driving advancements in waterjet cutting technology to meet evolving industry demands.
The U.S. Market is Estimated at $449.4 Million, While China is Forecast to Grow at 7.4% CAGR
The Waterjet Cutting Machines market in the U.S. is estimated at US$449.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$202.8 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 3.3% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$178.3 Million by the year 2030.
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 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 | 532 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $1.6 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Waterjet Cutting Machines: An Industry Evolved through Innovations
- Waterjet Technology Advancements: Spearheading Growth
- Need for Precision Cutting Drives Importance of Abrasive Waterjet Cutting Machines
- Micro Abrasive Waterjet Machining & Cutting Emerges as Technology of the Moment
- Taking 3D Waterjet Cutting to the Next Level
- 5-Axis Waterjet Cutters Offer Various Advantages
- Focus Grows on Machines with Industry 4.0 Capabilities
- Robotic Water Jet Cutting: A Highly Versatile and Precise Industrial Process
- Encouraging Recovery of the Aerospace Industry to Spur Opportunities for High-End Waterjet Cutting Machines
- Implementation of Specialized Aerospace Materials Triggers Innovation in Waterjet Cutting Machines
- Rising Popularity of Carbon Fiber-Reinforced Polymers Bodes Well
- Design Innovation: An Exciting Terminal for Waterjet Cutting in Aerospace Arena
- Pressing Need for Precision Engineering Brightens Prospects for Waterjet Cutting Machines
- Encouraging Outlook for Automobile Production Despite Disruptions to Spur Market Demand
- Recovery in Construction Activity Bodes Well for Market Growth
- Waterjet Cutting Machines Eliminates Various Risks in Stone & Tile Cutting
- Novel Applications in the Healthcare Sector Opens Up Avenues for Future Growth
- Waterjet Cutting Gains Importance in Medical Plastic Recycling Solution
- Semiconductor & Consumer Electronics Manufacturing: A Niche Application Area
- Robust Growth of Consumer Electronics Drives Demand
- 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
- Water Jet Cutting Beneficial for Oil and Gas Industry
- Ultra High Pressure Waterjet Cutting Useful in Mining Applications
- Rise in Demand for Processed Food Drive Opportunities for Waterjet Cutting Machines
- Rapid Mushrooming of Job Shops in Developing Countries Augurs Well for the Market
FOCUS ON SELECT PLAYERS (Total 105 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/wsijku
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