Waterjet Cutting Machine Market

Colfax Corporation (US) and Lincoln Electric Company (US) Leading Players in Waterjet Cutting Machine Market

The waterjet cutting machine market is expected to grow from USD 921.7 million in 2018 to USD 1,248.0 million by 2023, at a CAGR of 6.25% during the forecast period. Factors such as promising growth in the global steel industry, growing automobile industry, overall development of industrial sector in the Middle East and Africa, and comprehensive increase in construction activities drive the growth of this market.

Companies operating in the waterjet cutting machine market have adopted various strategies such as product launches and development, and mergers and acquisitions in the last 4 years to grow in the market. Among these strategies, 31% of the developments were agreements, partnerships, and contracts; 54% of the developments were product launches and developments; 8% of the developments were expansions; and 8% of the developments were mergers and acquisitions.

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Colfax Corporation (US) ranked first in the waterjet cutting machine market in 2017. The company operates worldwide through the  Howden, ESAB, and Colfax Fluid Handling brands. ESAB has 2 business segments Gas & Fluid Handling and Fabrication Technology. The company also focuses on R&D for innovating and developing new product applications, ultimately lowering the cost of manufacturing for their existing products and helping redesign its existing product line, thereby increasing the efficiency and enhancing the performance. ESAB has presence in the Czech Republic, China, and the US. In January 2016, the company announced Columbus CAD/CAM Nesting Software version 1.3, a powerful CAD/CAM programming and nesting software optimized for plasma, laser, and waterjet cutting.

Lincoln Electric Company (US) ranked second in the waterjet cutting machine market in 2017. The cutting solutions offered by the company include various products such as arc cutting power sources, waterjet cutting controllers, plasma cutters, wire feeding systems, robotic cutting packages, and integrated automation systems. The company is well-known in the market for brazing and soldering alloys. The companies involved in general metal fabrication, power generation and process industry, structural steel construction, heavy equipment fabrication, shipbuilding, automotive, and offshore oil and gas exploration and extraction provide the major business for the Lincoln Electric. In November 2013, Lincoln Electric Company acquired Robolution GmbH, a leading European company which is a provider of robotic arc cutting systems. Such acquisitions help Lincoln Electric Company expand its geographic reach.

Related Reports:

Waterjet Cutting Machine Market by Product Type (3D, Micro, and Robotic), Application (Glass/Metal Art, Fiberglass Cutting, Foam Product Cutting), Industry (Automotive, Machine Manufacturing, Medical Devices), and Geography - Global Forecast to 2023

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Report Code
SE 6540
RI Published ON
8/16/2018
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