DUBLIN--(BUSINESS WIRE)--Dec 7, 2022--
The "Waterjet Cutting Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global waterjet cutting machine market reached a value of US$ 1.0 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 1.4 Billion by 2027, exhibiting a CAGR of 5.77% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A waterjet cutting machine (WCM) refers to an industrial tool that uses high-pressure water jet streams to cut and shape different materials. The stream consists of water or abrasive liquids that can cut through metals, glasses, foams and reflective materials without melting, warping or distorting their original structure.
The machines do not require heat for cutting and can maintain the quality of the materials that are sensitive to high temperatures. They also offer various other benefits, such as high precision cutting, ability to cut heterogeneous materials and minimal water consumption. Owing to this, they find extensive applications across multiple industries, including automotive, electronics, aerospace & defense, food and beverage, mining, metal fabrication, paper processing, textile, etc.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. Furthermore, widespread product adoption by the automobile industry is also providing a boost to the market growth. WCMs are used for manufacturing metal gaskets, automotive brake disks, clutches and intricate decorative fittings and brackets.
Apart from this, they are also extensively used for manufacturing components made by using composite materials for aircraft turbines and jet engines.
Additionally, various technological advancements, such as the development of micro, 3D and robotic WCMs, which offer cutting outputs with enhanced precision, are acting as another major growth-inducing factor. Moreover, WCMs find applications in the military and defense sector as they are used to develop guided missiles, fuselages, and space vehicles. Other factors, including rapid urbanization and significant growth in the industrial manufacturing and metal fabrication industries, are also expected to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global waterjet cutting machine market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, product type, horsepower, machine size and application.
Breakup by Type:
Breakup by Product Type:
Breakup by Horsepower:
Breakup by Machine Size:
Breakup by Application:
Breakup by Region:
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/ib02v1
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KEYWORD:
INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/07/2022 10:49 AM/DISC: 12/07/2022 10:49 AM
http://www.businesswire.com/news/home/20221207005623/en