[112 Pages Report] Waterjet Cutting Machine or WCM, is an industrial tool that uses a high-pressure jet stream of water to cut different materials. The jet stream may contain pure water or an abrasive material mixed with it. The waterjet cutting technology is capable of cutting various materials, including metals, glass, stone, foam, and reflective materials without melting, distorting, or warping their original structure. Waterjet cutting machines do not require heat for cutting and thus maintain the base quality of the material being processed. This makes waterjet cutting highly suitable for cutting the materials which are sensitive to high temperatures.
The waterjet cutting machine market was valued at USD 0.86 Billion in 2017 and is expected to reach USD 1.24 Billion by 2023, at a CAGR of 6.25% during the forecast period. The objective of the report is to describe, segment, and forecast the market based on product type, application, industry, and geography. Significant factors influencing the growth of this market include promising growth in the global steel industry, growing automobile industry, development of the industrial sector in the Middle East and Africa, and an overall increase in construction activities.
A robotic waterjet cutting machine consists of an industrial robot and a highpressure water jet system. The robotic waterjets are used to cut, drill, and clean a variety of materials. These are used to cut automobile internal parts, to cut holes, or trim the edges. Another common application of robot waterjet cutter is to cut helmet or similar 3D products. Depending on the size of parts to be cut, the model of a robot (i.e., the radius of the arm and weight carried by the arm) is selected.
Glass/metal art has been the most common application of these machines all over the world. The growing demand for hurricane glass for car doors and windows in the automotive industry is driving the growth of the waterjet cutting machine market. The market for foam product cutting is projected to grow at the highest CAGR from 2018 to 2023. The rising demand for foam equipment and machine part packaging in the aerospace and automotive industries fuels the growth of the waterjet cutting machine market.
The growth of the market in APAC is driven by the expansion of the metal fabrication and automotive industries, coupled with the growing machine manufacturing sector in India and China, among others. The efforts by the Government of India to strengthen the countrys manufacturing industry through its Make in India initiative is likely to propel the demand for waterjet cutting machines in the next few years. This initiative focuses on 25 sectors, which include automobiles, aerospace, and railways, and electrical machinery; it aims to facilitate investments, build high-class manufacturing infrastructure, and foster innovation.
The steel industry has been showing steady growth through its sustainable performance since the last decade. The growing urbanization all over the world is expected to play a vital role in the expansion of the waterjet cutting industry in the future. The inflow of migrants from small towns and villages to bigger towns and cities will create substantial demand for steel, especially in the development of infrastructure, which, in turn, will drive the demand for waterjet cutting machines. Steel is one of the most important and widely consumed raw materials in industries such as energy, construction, automotive, transportation, infrastructure, packaging, and machinery. It is also an essential material in the generation and distribution of renewable energy, such as thermal, solar, and tidal power.
The overall waterjet cutting machine market is growing at a significant pace; however, there some issues restraining the growth of this market. High energy consumption, sensitivity to environmental conditions, probability of improper selection, poor maintenance, high cost of ownership, and difficulties faced during fabrication are some of the major problems encountered during the handling of any equipment.
The energy consumed by waterjet cutting machines directly contributes to the operating cost of any company, which makes it a severe issue for the company. Problems related to accuracy, drift, and sensitivity can only be solved with the proper and timely maintenance of these machines; thus, timely maintenance is a must for the appropriate functioning of waterjets. Moreover, regular calibration is necessary for the efficient operation of these machines; the companies mostly outsource the process of calibration. The majority of the end-users install these machines and use them with minimal maintenance to avoid extra cost, which affects their performance in the long term.
The price of waterjet cutting machines is also high due to the complicated process of manufacturing these machines. These machines may cost 24-times more than that of traditional cutting machinery.
Major industries in the developing economies, such as China, India, and Brazil, include petrochemicals, power, chemicals, textile, food, and packaging. These industries are at the peak of their development. This growth of the abovementioned industries is expected to lead to an increase in demand for waterjet cutting machines. Automation in the cutting industry could prove to be one of the significant opportunities for higher productivity and reduced costs.
Automation is considered the most extensive and fastest-growing segment in the cutting industry as it considerably increases productivity and safety, and reduces costs, which fuels the demand for automated and robotic cutting systems. These computerized cutting machines and systems are likely to have a considerable impact on the transportation, automotive, railroad, marine, aerospace, and construction industries, among others. Automation of cutting processes includes some new but prominent processes such as plate grinding, piping, and heavy tubular splicing.
The waterjet cutting technology is an expensive one for the commercial and residential customers; however, they play an essential part in these sectors. Sensitivity, selectivity, stability, cost, and portability are the aspects looked for by customers while purchasing this equipment. For instance, cutting machines based on waterjet technology are more expensive than machines based on traditional cutting technologies; however, these machines are far better in accuracy and reliability than the traditional ones. These devices are designed to meet requirements such as high sensitivity and selectivity but are highly-priced. Therefore, it remains a challenge to design a cost-effective technology that is affordable for consumers across all sectors.
Report Metric |
Details |
Market size available for years |
20152023 |
Base year considered |
2017 |
Forecast period |
20182023 |
Forecast units |
USD Million (Value) |
Segments covered |
Product Type, Application, Industry, and Region |
Geographies covered |
North America, Europe, APAC, and RoW |
Companies covered |
Colfax Corporation (US), Lincoln Electric Holdings, Inc. (US), Flow International (US), Koike Aronson, Inc. (US), Omax Corporation (US), KMT Waterjet (US), Hornet Cutting System (US), A Innovative International (India), and Semyx (US). |
The report scope covers the market based on the following segments and sub-segments:
Colfax Corporation (US), Lincoln Electric Holdings, Inc. (US), Flow International (US), Koike Aronson, Inc. (US), Omax Corporation (US)
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 13)
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Years Considered
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 28)
4.1 Lucrative Opportunities in Waterjet Cutting Machine Market
4.2 Market, By Application
4.3 Market in APAC, By Industry, 2017
4.4 Market, By Industry
4.5 Market Share of Major Countries and Regions, 2017
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Promising Growth in Global Steel Industry
5.2.1.2 Growing Automobile Industry
5.2.1.3 Development of Industrial Sector in the Middle East and Africa
5.2.1.4 Comprehensive Increase in Construction Activities
5.2.2 Restraints
5.2.2.1 High Total Cost of Ownership and Requirement of Technical Know-How
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Mechanized Cutting in Industrial Sector of Developing Economies
5.2.3.2 Growing Demand for Waterjet Cutting Machines in Wind Energy Industry
5.2.4 Challenges
5.2.4.1 Development of Cost-Effective Technologies
6 Waterjet Cutting Machine Market, By Product Type (Page No. - 36)
6.1 Introduction
6.2 3D Waterjet Cutting Machines
6.3 Micro Waterjet Cutting Machines
6.4 Robotic Waterjet Cutting Machines
7 Waterjet Cutting Machine Market, By Application (Page No. - 58)
7.1 Introduction
7.2 Exotic Metal & Non-Traditional Material Cutting
7.3 Ceramic/Stone Cutting
7.4 Glass/Metal Art
7.5 Gasket Cutting
7.6 Fiberglass Cutting
7.7 Foam Product Cutting
8 Waterjet Cutting Machine Market, By Industry (Page No. - 61)
8.1 Introduction
8.2 Electronics
8.3 Metal Fabrication
8.4 Automotive
8.5 Aerospace
8.6 Food Processing
8.7 Textile
8.8 Machine Manufacturing
8.9 Medical Device
9 Geographic Analysis (Page No. - 68)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Rest of APAC
9.5 Rest of the World
9.5.1 Middle East
9.5.2 South America
9.5.3 Africa
10 Competitive Landscape (Page No. - 85)
10.1 Overview
10.2 Ranking Analysis
10.3 Competitive Situations & Trends
10.3.1 Product Developments & Launches
10.3.2 Partnerships/Agreements/Collaborations
10.3.3 Acquisitions
11 Company Profiles (Page No. - 90)
11.1 Introduction
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
11.2 Colfax Corporation
11.3 Lincoln Electric Company
11.4 Flow International
11.5 Omax Corporation
11.6 KMT Waterjet
11.7 Hornet Cutting Systems
11.8 A Innovative International Ltd.
11.9 Koike Aronson
11.10 Semyx
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 106)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (61 Tables)
Table 1 Waterjet Cutting Machine Market, By Product Type, 20152023 (USD Million)
Table 2 3D Waterjet Cutting Machines Market, By Application, 20152023 (USD Million)
Table 3 3D Waterjet Cutting Machines Market, By Industry, 20152023 (USD Million)
Table 4 3D Waterjet Cutting Machines Market for Electronics, By Region, 20152023 (USD Million)
Table 5 3D Waterjet Cutting Machines Market for Metal Fabrication, By Region, 20152023 (USD Million)
Table 6 3D Waterjet Cutting Machines Market for Automotive, By Region, 20152023 (USD Million)
Table 7 3D Waterjet Cutting Machines Market for Aerospace, By Region, 20152023 (USD Million)
Table 8 3D Waterjet Cutting Machines Market for Food Processing, By Region, 20152023 (USD Million)
Table 9 3D Waterjet Cutting Machines Market for Textile, By Region, 20152023 (USD Million)
Table 10 3D Waterjet Cutting Machines Market for Machine Manufacturing, By Region, 20152023 (USD Million)
Table 11 3D Waterjet Cutting Machines Market for Medical Device, By Region, 20152023 (USD Million)
Table 12 3D Waterjet Cutting Machines Market, By Region, 20152023 (USD Million)
Table 13 Micro Waterjet Cutting Machines Market, By Application, 20152023 (USD Million)
Table 14 Micro Waterjet Cutting Machines Market, By Industry, 20152023 (USD Million)
Table 15 Micro Waterjet Cutting Machines Market for Electronics, By Region, 20152023 (USD Million)
Table 16 Micro Waterjet Cutting Machines Market for Metal Fabrication, By Region, 20152023 (USD Million)
Table 17 Micro Waterjet Cutting Machines Market for Automotive, By Region, 20152023 (USD Million)
Table 18 Micro Waterjet Cutting Machines Market for Aerospace, By Region, 20152023 (USD Million)
Table 19 Micro Waterjet Cutting Machines Market for Food Processing, By Region, 20152023 (USD Million)
Table 20 Micro Waterjet Cutting Machines Market for Textile, By Region, 20152023 (USD Million)
Table 21 Micro Waterjet Cutting Machines Market for Machine Manufacturing, By Region, 20152023 (USD Million)
Table 22 Micro Waterjet Cutting Machines Market for Medical Device, By Region, 20152023 (USD Million)
Table 23 Micro Waterjet Cutting Machines Market, By Region, 20152023 (USD Million)
Table 24 Robotic Waterjet Cutting Machines Market, By Application, 20152023 (USD Million)
Table 25 Robotic Waterjet Cutting Machines Market, By Industry 20152023 (USD Million)
Table 26 Robotic Waterjet Cutting Machines Market for Electronics, By Region, 20152023 (USD Million)
Table 27 Robotic Waterjet Cutting Machines Market for Metal Fabrication, By Region, 20152023 (USD Million)
Table 28 Robotic Waterjet Cutting Machines Market for Automotive, By Region, 20152023 (USD Million)
Table 29 Robotic Waterjet Cutting Machines Market for Aerospace, By Region, 20152023 (USD Million)
Table 30 Robotic Waterjet Cutting Machines Market for Food Processing, By Region, 20152023 (USD Million)
Table 31 Robotic Waterjet Cutting Machines Market for Textile, By Region, 20152023 (USD Million)
Table 32 Robotic Waterjet Cutting Machines Market for Machine Manufacturing, By Region, 20152023 (USD Million)
Table 33 Robotic Waterjet Cutting Machines Market for Medical Device, By Region, 20152023 (USD Million)
Table 34 Robotic Waterjet Cutting Machines Market, By Region, 20152023 (USD Million)
Table 35 Market, By Application, 20152023 (USD Million)
Table 36 Market, By Industry, 20152023 (USD Million)
Table 37 Market for Electronics, By Region, 20152023 (USD Million)
Table 38 Market for Metal Fabrication, By Region, 20152023 (USD Million)
Table 39 Market for Automotive, By Region, 20152023 (USD Million)
Table 40 Market for Aerospace, By Region, 20152023 (USD Million)
Table 41 Market for Food Processing, By Region, 20152023 (USD Million)
Table 42 Market for Textile, By Region, 20152023 (USD Million)
Table 43 Market for Machine Manufacturing, By Region, 20152023 (USD Million)
Table 44 Market for Medical Devices, By Region, 20152023 (USD Million)
Table 45 Market, By Region, 20152023 (USD Million)
Table 46 Market in North America, By Industry 20152023 (USD Million)
Table 47 Market in North America, By Product Type, 20152023 (USD Million)
Table 48 Market in North America, By Country, 20152023 (USD Million)
Table 49 Market in Europe, By Industry, 20152023 (USD Million)
Table 50 Market in Europe, By Product Type, 20152023 (USD Million)
Table 51 Market in Europe, By Country, 20152023 (USD Million)
Table 52 Market in APAC, By Industry, 20152023 (USD Million)
Table 53 Market in APAC, By Product Type, 20152023 (USD Million)
Table 54 Market in APAC, By Country, 20152023 (USD Million)
Table 55 Market in RoW, By Industry, 20152023 (USD Million)
Table 56 Market in RoW, By Product Type, 20152023 (USD Million)
Table 57 Market in RoW, By Region, 20152023 (USD Million)
Table 58 Market Ranking: Waterjet Cutting Machine (2017)
Table 59 Product Developments/Launches, 20142018
Table 60 Partnership, Agreement, and Collaborations, 20162018
Table 61 Acquisitions, 2014
List of Figures (31 Figures)
Figure 1 Waterjet Cutting Machine Market
Figure 2 Process Flow of Market Size Estimation for Waterjet Cutting Machine Market
Figure 3 Research Design: Waterjet Cutting Machine Market
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Market, 2018 vs 2023: Glass/Metal Art to Hold Largest Size By 2023
Figure 8 Automotive Accounted for Largest Size of Market in 2017
Figure 9 3D Waterjet Cutting Machines to Hold Largest Size of Market During 20182023
Figure 10 APAC Held Largest Share of Market in 2017
Figure 11 Emerging Economies to Offer Attractive Opportunities for Market Growth From 2018 to 2023
Figure 12 Glass/Metal Art to Hold Largest Market Size During Forecast Period
Figure 13 China Held Largest Share of Market in APAC in 2017
Figure 14 Automotive to Hold Largest Size of Market Between 2018 and 2023
Figure 15 APAC Accounted for Largest Share of Market in 2017
Figure 16 Development of Industrial Sector in Middle East and Africa Drives Growth of Market
Figure 17 Market for Robotic Waterjet Cutting Machines to Grow at Highest CAGR From 2018 to 2023
Figure 18 3D Waterjet Cutting Machines Market for Automotive to Grow at Highest CAGR (20182023) From 2018 to 2023
Figure 19 3D Waterjet Cutting Machines Market in APAC to Grow at Highest CAGR (20182023) From 2018 to 2023
Figure 20 Micro Waterjet Cutting Machines Market for Foam Product Cutting to Grow at Highest CAGR (20182023) From 2018 to 2023
Figure 21 Robotic Waterjet Cutting Machines Market in APAC to Grow at Highest CAGR (20182023) From 2018 to 2023
Figure 22 Foam Product Cutting Accounted for Highest CAGR of Market in 2017
Figure 23 Market for Automotive to Grow at Highest CAGR During Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Europe: Market Snapshot
Figure 26 APAC: Market Snapshot
Figure 27 RoW: Market Snapshot
Figure 28 Companies Adopted Partnerships, Agreements, and Collaborations as Key Growth Strategies During 20142018
Figure 29 Agreements, Contracts, Collaborations, and Partnerships as Key Strategies Adopted By Companies During 20142018
Figure 30 Colfax Corporation: Company Snapshot
Figure 31 Lincoln Electric Company: Company Snapshot
Benchmarking the rapid strategy shifts of the Top 100 companies in the Waterjet Cutting Machine Market
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Growth opportunities and latent adjacency in Waterjet Cutting Machine Market
Hi, Could I please have a sample/overview of this report to help my student working as an intern at a waterjet company?