Waterjet Cutting Machine Market Trends, Industry & Size 2031

Segments - Waterjet Cutting Machine Market by Applications (Metal Fabrication, Electronics, Mining, Automotive, Aerospace & Defense, and Others), Types (Abrasive and Pure), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Rucha Phatak

Report Description

The global waterjet cutting machine market size was valued at USD 1.13 billion in 2022 and is projected to reach USD 1.93 billion by 2031, expanding at a CAGR of 6.1% between 2023 and 2031. The growth of the market is attributed to the increasing preference towards accepting environment-friendly practices and cutting processes in industries such as packaging, textile, electronics, construction, automotive, and mining.

Waterjet cutting machine is widely deployed as a process of engineering for cutting the highly sensitive objects and particles by using energy from water with ultra-high pressure, high speed, and high density. The water is pressurized to a maximum 392 Megapascal pressure and projected from 0.1 mm small-bore nozzle.

Water is pressurized by an ultrahigh-pressure pump that can reach with the speed of approximately three times more than speed of sound, producing a water jet with great force for cutting. Once water jet reached to the object, it separates the material particles near the surface and causes cutting without heat generation. Abrasive is added in water jet according to the material of cutting.

The COVID-19 pandemic outbreak had hampered the market due to the implementation of lockdown by government bodies. The pandemic has affected the market due to disruption of supply chain, temporary shutdown of manufacturing plant, economic slowdown, and low purchase power of industry verticals. The market is expected to recover soon due to sharp decline in the virus cases, as a result, various government bodies started lifting up lockdown to certain extent so industries are resuming their work.

Waterjet Cutting Machine Market Trends, Drivers, Restraints, and Opportunities

Increasing process automation among the industries has led to the implementation of advanced machines. This is a key factor driving the market growth.
Rising use of machine due to its flexibility in cutting any material with minimal setup is projected to drive the market expansion during the forecast period.
Escalating cost of maintaining and installing waterjet machine acts as a major challenge that can restrict the market growth in the coming years.
Increasing power consumption by machine boost the operational cost of company. The availability of this alternative is a key restraining factor that can hamper the market growth during the projected timeline.
Using multi-axis waterjet cutting and 3D cutting process in waterjet cutting machine is projected to create significant growth opportunities for the market.

Scope of the Waterjet Cutting Machine Market Report

The report on the global waterjet cutting machine market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Waterjet Cutting Machine Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Applications (Metal Fabrication, Electronics, Mining, Automotive, Aerospace & Defense, and Others) and Types (Abrasive and Pure)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Dardi International Corp.; Flow International Corp.; Hornet Cutting Systems; Koike Aronson, Inc.; WARDJet, Inc. (AXYZ Automation Group); Colfax Corp.; and Omax Corp.

Waterjet Cutting Machine Market Segment Insights

Automotive segment is expected to grow at a rapid pace

Based on applications, the global waterjet cutting machine market is divided into metal fabrication, electronics, mining, automotive, aerospace & defense, and others. The automotive segment is expected to grow at a rapid pace during the forecast period attributed to rising demand for producing highly complex automotive parts with precise cut.

Furthermore, along with waterjet cutting machine, several robotic systems are implemented in the automotive industry to boost the production efficiency, which is projected to accelerate the segment growth further.

However, the aerospace & defense segment is anticipated to expand at a substantial CAGR in the coming years due to use of machine for development of components and parts such as jet engines and turbine blades of aircrafts made of composite materials.

Waterjet Cutting Machine Market Applications

Ability to cut high strength material drive the abrasive segment

In terms of types, the market is bifurcated into abrasive and pure. The abrasive segment is expected to account for a major market share during the projected timeline owing to its ability to cut high strength material. Moreover abrasive particles accelerates the speed and precision of cutting process of material such as composites and metal, which presents a major factor driving the segment.

On the other hand, the pure segment is projected to expand a considerable CAGR during the forecast period due to its use in various industries associated with the cutting of soft materials such as paper, insulation, cement board, and others. Additionally, pure waterjet cutting machine uses only water that eliminates the risk of heat affected zone in the material, which acts as a major driver of the segment.

Asia Pacific is anticipated to constitute a key market share

In terms of region, the global waterjet cutting machine market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute a key share of the market during the projected period owing to improving economic condition and rapid industrialization in major economies of the region.

However, the Europe market is anticipated to grow at a rapid pace during the forecast period due to the rise in consumption of steel, industrial automation, and increase in the usage of indexed steel in construction in the region.

Segments

The global waterjet cutting machine market has been segmented on the basis of

Applications

Metal Fabrication
Electronics
Mining
Automotive
Aerospace & Defense
Others

Types

Abrasive
Pure

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Dardi International Corp.
Flow International Corp.
Hornet Cutting Systems
Koike Aronson, Inc.
WARDJet, Inc. (AXYZ Automation Group)
Colfax Corp.
Omax Corp.

Competitive Landscape

Key players competing in the global waterjet cutting machine market are Dardi International Corp.; Flow International Corp.; Hornet Cutting Systems; Koike Aronson, Inc.; WARDJet, Inc. (AXYZ Automation Group); Colfax Corp.; and Omax Corp.

Companies are focusing on investment in R&D for new product development and update existing product portfolio for production of technological advanced waterjet cutting machines. Furthermore, companies are widely engaging in distribution, manufacturing, and design of waterjet cutting machines. For instances, in April 2020, Water Jet Sweden announced a next generation of “Alphajet”, a taper angle controller for enhancing cutting process with high accuracy.

Waterjet Cutting Machine Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Waterjet Cutting Machine Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Waterjet Cutting Machine Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Waterjet Cutting Machine Market - Supply Chain
  4.5. Global Waterjet Cutting Machine Market Forecast
     4.5.1. Waterjet Cutting Machine Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Waterjet Cutting Machine Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Waterjet Cutting Machine Market Absolute $ Opportunity
5. Global Waterjet Cutting Machine Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Waterjet Cutting Machine Market Size and Volume Forecast by Types
     5.3.1. Abrasive Pure
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Waterjet Cutting Machine Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Waterjet Cutting Machine Market Size and Volume Forecast by Applications
     6.3.1. Metal Fabrication Electronics Mining Automotive Aerospace & Defense Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Waterjet Cutting Machine Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Waterjet Cutting Machine Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Waterjet Cutting Machine Demand Share Forecast, 2019-2026
8. North America Waterjet Cutting Machine Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Waterjet Cutting Machine Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Waterjet Cutting Machine Market Size and Volume Forecast by Types
     8.4.1. Abrasive Pure
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Waterjet Cutting Machine Market Size and Volume Forecast by Applications
     8.7.1. Metal Fabrication Electronics Mining Automotive Aerospace & Defense Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Waterjet Cutting Machine Demand Share Forecast, 2019-2026
9. Latin America Waterjet Cutting Machine Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Waterjet Cutting Machine Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Waterjet Cutting Machine Market Size and Volume Forecast by Types
     9.4.1. Abrasive Pure
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Waterjet Cutting Machine Market Size and Volume Forecast by Applications
     9.7.1. Metal Fabrication Electronics Mining Automotive Aerospace & Defense Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Waterjet Cutting Machine Demand Share Forecast, 2019-2026
10. Europe Waterjet Cutting Machine Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Waterjet Cutting Machine Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Waterjet Cutting Machine Market Size and Volume Forecast by Types
     10.4.1. Abrasive Pure
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Waterjet Cutting Machine Market Size and Volume Forecast by Applications
     10.7.1. Metal Fabrication Electronics Mining Automotive Aerospace & Defense Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Waterjet Cutting Machine Demand Share Forecast, 2019-2026
11. Asia Pacific Waterjet Cutting Machine Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Waterjet Cutting Machine Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Waterjet Cutting Machine Market Size and Volume Forecast by Types
     11.4.1. Abrasive Pure
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Waterjet Cutting Machine Market Size and Volume Forecast by Applications
     11.7.1. Metal Fabrication Electronics Mining Automotive Aerospace & Defense Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Waterjet Cutting Machine Demand Share Forecast, 2019-2026
12. Middle East & Africa Waterjet Cutting Machine Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Waterjet Cutting Machine Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Waterjet Cutting Machine Market Size and Volume Forecast by Types
     12.4.1. Abrasive Pure
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Waterjet Cutting Machine Market Size and Volume Forecast by Applications
     12.7.1. Metal Fabrication Electronics Mining Automotive Aerospace & Defense Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Waterjet Cutting Machine Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Waterjet Cutting Machine Market: Market Share Analysis
  13.2. Waterjet Cutting Machine Distributors and Customers
  13.3. Waterjet Cutting Machine Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Dardi International Corp. Flow International Corp. Hornet Cutting Systems Koike Aronson, Inc. WARDJet, Inc. (AXYZ Automation Group) Colfax Corp.