Market Research Future (MRFR) has published a cooked research report on the “Abrasive Waterjet Cutting Machine Market” that contains information from 2022 to 2030. The Abrasive Waterjet Cutting Machine Market is estimated to register a CAGR of 8.5% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the Market — DARDI International Corporation (China), Waterjet Sweden AB (Sweden), AUTOPRO-UP Co., Ltd. (South Korea), Koike Aronson (Japan),Semyx (US), Hornet Cutting Systems (US), KMT Waterjet (US), Omax Corporation (US), Flow International (US)
Market Overview
The global abrasive waterjet cutting machine market will develop at a healthy 8.5% CAGR between the forecast period 2022–to 2030, according to the new Market Research Future (MRFR) analysis. Abrasive waterjet cutting machines, simply put, are machines that use abrasive materials in high-pressure waterjet for cutting hard materials.
An abrasive waterjet cutting machine is a specialized tool used in the manufacturing and fabrication industries for precision cutting of various materials. It employs a combination of high-pressure water and abrasive particles to create a powerful cutting force capable of cutting through a wide range of materials, including metals, ceramics, composites, stone, glass, and more. Abrasive waterjet cutting is known for its versatility, as it can cut through various thicknesses and types of materials without producing heat-affected zones or altering the material's properties. This non-thermal cutting method is particularly advantageous for materials that are sensitive to high temperatures or prone to distortion during cutting.
The abrasive waterjet cutting machine finds applications in a wide range of industries, including aerospace, automotive, architecture, electronics, and more. Its ability to cut a variety of materials and produce intricate shapes makes it a valuable tool for manufacturers and fabricators seeking precise and efficient cutting solutions. Additionally, the eco-friendly nature of waterjet cutting, as it does not generate hazardous fumes or waste, contributes to its popularity as a sustainable cutting method.
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Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global abrasive waterjet cutting machine market based on industry, application, and type.
· By type, the abrasive waterjet cutting machine market is segmented into robotic waterjet cutting machines, micro waterjet cutting machines, and 3D waterjet cutting machines. Of these, the 3D waterjet cutting machines is predicted to lead the market over the forecast period.
· By application, the abrasive waterjet cutting machine market is segmented into foam product cutting, fiberglass cutting, gasket cutting, ceramic/stone cutting, glass/metal art, and exotic metal and non-traditional material cutting. Of these, the glass/metal art application segment will dominate the market over the forecast period.
· By industry, the abrasive waterjet cutting machine market is segmented into medical device, machine manufacturing, textile, food processing, aerospace, automotive, and metal fabrication. Of these, the automotive segment will spearhead the market over the forecast period for the growing demand for vehicle gaskets and increasing automotive component industry.
Market Drivers
The Global market has recently advanced. The main feature causing an escalation in market performance is the escalation in the demand and sales of automobiles. Moreover, aspects such as the rising adoption of abrasive waterjet cutting machines in various end-use industries and the growing industrial sector in emerging economies are further expected to drive the growth of the global market during the forecast period.
Prominent Players
The leading players profiled in the abrasive waterjet cutting machine market report include
· DARDI International Corporation (China)
· Waterjet Sweden AB (Sweden)
· AUTOPRO-UP Co., Ltd. (South Korea)
· Koike Aronson (Japan)
· Semyx (US)
· Hornet Cutting Systems (US)
· KMT Waterjet (US)
· Omax Corporation (US)
· Flow International (US)
· Lincoln Electric Company (US)
· Colfax Corporation (US)
Recent Development in Abrasive Waterjet Cutting Machine market
In the year 2022, a notable recent development in the Abrasive Waterjet Cutting Machine market is the emergence of next-generation waterjet technology, featuring a new three-dimensional head with taper compensation. This advancement is significant as it indicates a shift towards more sophisticated and advanced capabilities in waterjet cutting.
The new three-dimensional head with taper compensation enables the waterjet cutting machine to compensate for the natural taper that occurs during the cutting process. Taper refers to the slight divergence of the cutting stream as it penetrates through the material, resulting in a wider cut at the bottom compared to the top surface. This phenomenon is common in traditional waterjet cutting.
Market Restraints
On the contrary, various aspects may have a hostile effect on expanding the global market for Abrasive Waterjet Cutting Machines. Limited awareness is one of the main parameters restraints in advancing the market's growth. Furthermore, aspects such as high maintenance costs, high costs associated with abrasive waterjet cutting machines, and lack of skilled workers are also projected to limit the development of the market over the coming years.
Regional Analysis
The study documents by MRFR entail that The Asia-Pacific ensured the prime position across the Global market in 2022. The area is recognized for dynamic development contributors such as China, India, and Indonesia. The primary aspect boosting the development of the regional market is the growing foreign direct investments in the manufacturing sector. Furthermore, aspects such as the developing automotive & construction sectors, the presence of emerging economies, and the presence of the largest manufacturing industries for machine tools are also likely to have a positive impact.
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