Abrasive Waterjet Cutting Machine Market Overview:
According to the study reports, the global abrasive waterjet cutting machine market is expected to increase a CAGR of 8.5% over the forecasting period of 2030.
The global market of abrasive waterjet cutting machines has increased in popularity according to the demand of the present market condition worldwide. Robotic waterjet cutting machines are becoming increasingly popular because of the increasing number of curved component cutting and comparable other challenging procedures. As a result, various sectors, including energy and power, automobile, aviation and military, are implementing these machines, as these businesses perform a variety of cutting procedures for bolts, parts, rotors, and generators: real-time effectiveness and quality care provided by robotic systems.
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Water is an essential natural resource because it is both unlimited and inexpensive. In the procedure, eco-friendly abrasive materials are used. The fast industrialization that results in the rise of end-use industries such as autos, manufacturing, and other sectors is the primary cause for the growth of the abrasive waterjet cutting machine market. The development of technology in manufacturing industries, as well as robotic waterjet cutting equipment, has been placed a significant effect on the market growth. COVID-19 is an unparalleled worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have a consequence on industry growth throughout the projection period.
Based on the study reports, the global abrasive waterjet cutting machine market has been segmented into four different categories like type, application, industry and region. The type section is further divided into three subcategories like 3D waterjet cutting machines, micro waterjet cutting machines, and robotic waterjet cutting machines. Based on the application, the market is classified into seven sections: exotic metal & non-traditional material cutting, glass or metal art, ceramic or stone cutting, gasket cutting, fibreglass cutting, and foam product cutting. The industrial segment is further divided into seven sections: metal coating, automobile, aviation, food processing, textile, machine manufacturing, and medical equipment. On a regional basis, the global market is divided into five main forms such as Asia-Pacific, Middle East & Africa, South America, North America, and Europe.
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North America earned USD 352.5 million in sales in 2019 and will continue to control in the coming decades, powered by the latest advancements in the metal processing, automobile, aviation and military industries. Furthermore, the involvement of various major manufacturers, as well as increased automation, will drive growth in this region. In addition, the establishment of medium and small businesses in the metal sector throughout this territory would boost growth.
The adoption of automation technologies has been heavily affected by the growth of innovation and technical breakthroughs throughout production units. Automation has evolved in businesses by enhancing production processes using solutions such as control systems and robots. Automation has altered the industrial sector’s production process by reducing production costs and time. Automation is increasing productivity and providing safer work environments at transportation hubs.
Table Of Contents
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
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