According to MRFR analysis, the global Abrasive Waterjet Cutting Machine Market is expected to register a CAGR of ~ 8.50% from 2022 to 2030
Abrasive Waterjet Cutting Machine Market Research Insights
A waterjet cutting machine is an industrial application that is accomplished by cutting a wide variety of materials using a high-pressure water jet or a mixture of water and an abrasive substance. An abrasive jet raises to the machine which uses a mixture of water and abrasive to cut hard materials such as metal or granite. The abrasive particle is supplementary to the water in the nozzle of a waterjet cutting machine. The abrasive material is injected into the cutting machine usually through two systems – injection jet systems and suspension jet systems.
The rising demand for hurricane glass for car doors and windows in the automotive industry, growing demand for foam equipment, and machine part packaging in the aerospace and automotive industries are driving the growth of the Abrasive Waterjet Cutting Machine Market. The COVID-19 outburst has affected the growth of the waterjet cutting machines industry owing to the lockdown measure in the countries and postponement in production and manufacturing of waterjet cutting machines which are applied in automotive, aerospace, and other industries.
Market Growth Driving Factors
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Regional Analysis
The Asia Pacific is expected to be the largest regional market and accounted for more than 45% of the overall market in 2020. Refining economic conditions and speedy industrialization, especially in China, India, and South Korea are projected to augment product demand in the region. Rising material handling, electronic component, metal and mining, and food, beverage, and tobacco industries in the region are anticipated to boost the market over the forecast period.
North America accounted for a substantial market share in 2020. The U.S. is one of the major consumers of WCM owing to the rising robotics, automation, and electronics industries in the country.
Market Segmentation
The Global Abrasive Waterjet Cutting Machine Market has been segmented into the Type and Industry
Based on Type, The Global Abrasive Waterjet Cutting Machine Market has been segmented into 3D waterjet cutting machines, Micro waterjet cutting machines, and Robotics waterjet cutting machines. A robotic waterjet cutting machine comprises of industrial robot and a high–pressure water jet outline. The robotics waterjets are used to cut, drill, and clean an assortment of materials. These are applied to cut auto interior parts, cut openings, or trim the edges.
Based on Industry, The Global Abrasive Waterjet Cutting Machine Market has been segmented into Automotive, Electronics, Defense and Aerospace, Textile, Metal Fabrication, and others. The high practice of waterjet cutting machines was seen in the automotive business, attributable to the increasing interest in delivering high-exactness complex automotive parts.
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Key Players
Some of the key market players are,
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