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The increasing preference for an environment-friendly cutting process within industries like electronics, automotive, construction, packaging, textile, and mining is one of the key factors for market growth.
JERSEY CITY, N.J. , Oct. 28, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Waterjet Cutting Machine Market" By Product (3D Waterjet Cutting Machines, Micro Waterjet Cutting Machines), By Application (Ceramic/Stone Cutting , Glass/Metal Art, Gasket Cutting), By Industry (Electronics, Metal Fabrication, Automotive, Aerospace), By Geographic Scope And Forecast.
As per the deep research carried out by Verified Market Research, the global Waterjet Cutting Machine Market size was valued at USD 1.12 Billion in 2021 and is projected to reach USD 1.73 Billion by 2030, growing at a CAGR of 5.5% from 2022 to 2030.
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Global Waterjet Cutting Machine Market Overview
The changing preference for adopting environment-friendly cutting processes and practices within industries like automotive, mining, electronics, construction, packaging, and textile is one of the key factors attributing to plug growth. Furthermore, a rise in process automation among the industries has led to the adoption of advanced machines over the forecast period. The waterjet cutting technology is gaining dependency among the industries due to its versatility in cutting different materials like metals, composites, glass, and flammable materials.
The demand for WCMs is anticipated to witness a big rise per annum, with a rise in demand for upgraded equipment. These have positively anticipated propelling the growth of the Global Waterjet Cutting Machine Market. There are certain challenges and restraints faced that will hinder the overall market growth. The factors such as the high total cost of ownership and requirement of technical know-how are limiting the market growth.
The major players in the market are Dardi International, Flow International, OMAX, Anjani Technoplast, Bystronic, ESAB Welding & Cutting Systems, Huffman , Jet Edge, KMT Waterjet Systems, PowerJet Systems, Resato International, Waterjet,Waterjet Sweden.
Verified Market Research has segmented the Global Waterjet Cutting Machine Market On the basis of Product, Application, Industry, and Geography.
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