Comprehensive Report on Global Waterjet Cutting Machines Market by Knowledge Sourcing Intelligence


INTRODUCTION
A waterjet cutting machine, also known as waterjet cutter or waterjet is an industrial device that can cut different types of materials with the help of an enormous pressured stream of water. The global waterjet cutting machines market is projected to be valued at US$2.019 billion in the year 2018 and is expected to reach US$3.137 billion by 2023, growing at a CAGR of 9.22% during the forecast period. 

Increasing demand for high-quality products delivery in the sectors such as automotive, aerospace, and manufacturing is significantly driving the market growth for waterjet cutting machines across all regions. Massive infrastructural development coupled with rapid industrialization growth has spurred the usage of waterjet cutting machines, escalating its market growth on a global note. The market has some restraints such as high cost for waterjet cutting machines and growing concerns for water, which will inhibit its growth during the forecast period. Increasing technological advancements along with increasing financial development are heightening the global waterjet cutting machines market in upcoming years. Market Research is done by the knowledge sourcing industry due to the huge scope with the respective industry.

global waterjet cutting machines market

Sample view of global waterjet cutting machines market share

Geographically, North America holds the largest share of the global waterjet cutting machines market owing to the massive technological growth and increasing adoption for high precision waterjet cutting machines. However, Asia-Pacific is anticipated to witness the fastest growth in waterjet cutting machines market owing to increasing infrastructural growth coupled with rapid industrialization.

RAPID INDUSTRIALIZATION
Rapid industrialization along with increasing infrastructural growth in developed as well as developing regions is significantly driving the global waterjet cutting machines market to new heights. Rising economic and financial development along with huge investments made in research and development will catalyze the global waterjet cutting machines market in upcoming years.

GLOBAL WATERJET CUTTING MACHINES MARKET BY TECHNOLOGY       
By technology, the global waterjet cutting machines market is segmented as pure waterjet cutting and abrasive waterjet cutting. Pure waterjet cutting technology is applied for cutting relatively soft materials such as rubber, plastics, metallic foils, and plywood among various others. Abrasive waterjet cutting technology also has a wide range of applications in cutting harder materials in comparison to pure waterjet cutting technology. It is used in cutting metals, ceramics, concrete, and glass among various other materials. These two technologies have various applications in different end-user industries which include automotive, manufacturing, metals and mining, glass and ceramics, and aerospace among others.  

global waterjet cutting machines market
Sample view of global waterjet cutting machines market share

PURE WATERJET CUTTING
Pure waterjet cutting technology is extensively used in cutting plastics, interior parts of automobiles, and plyboard among others. This cutting technology is also used in the manufacturing sector in cutting paper gaskets of high precision.  Pure waterjet cutting is also used in various job shops for cutting soft materials. Due to this extensive use, the market for waterjet cutting machines will witness heightened growth in the upcoming years.

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