August 08, 2024 09:03 ET | Source: SNS Insider pvt ltd SNS Insider pvt ltd
Pune, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Waterjet Cutting Machine Industry Analysis: slurry preparation
“According to SNS Insider Research, The Waterjet Cutting Machine Market size was estimated at USD 960 Million in 2023 and is expected to reach USD 1366.7 Million by 2032 at a CAGR of 4% during the forecast period of 2024-2032.”
The Advanced Capabilities and Versatility of Waterjet Cutting Technology
The Waterjet Cutting Machine Market is driven by its amazing ability to cut complex shapes in materials. Flow International Corporation sells Mach series products, such as Mach series, able to process material as thick as 24 inches. The ability to machine, drill, or cut detailed designs or shapes with sufficient speed through materials such as glass, stones, and metals is one of the cutting-edge features of this technology. The force exerted from an abrasive cutter is 55,000 PSI, as water is ejected from the nozzle at 762 m/s. When garnet sand is added, the water jet is capable of handling grinding and cutting jobs, pulling it at 305 m/s. The two types of jet high-pressure cutting are pure water cutting and abrasive cutting, which results in cutouts with a range of 0.1 to 1.8mm.
A waterjet machine incorporated with advanced software can drill through a 125 mm wood piece inlet 15 m/min without splitting nor does it cause the surface to be moisture, allowing for carved details. Waterjet is applicable in almost all materials compared to laser cutting on metals up to 25 mm in thickness and cannot be used on reflexive metals or EDM on conductive materials under 300 mm thick. Plasma cutting and flame cutting can cut thick metals up to 75 mm and 150 mm, respectively, but each has restrictions. Waterjet has the ability to penetrate to 300 mm of materials and 600 mm depths in some materials.
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Major Players Analysis Listed in this Report are:
Automotive Industry Leads with 32% Market Share in 2023
In 2023, the Automotive Industry maintained its position as the top competitor, with a notable 32% market share. Waterjet cutting machines are vital in producing complex automotive parts, contributing to the growth and influence of the industry. Moreover, integrating robotic systems into auto manufacturing lines enhances operational effectiveness.
Waterjet Cutting Machine Market Report Scope:
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The 3D waterjet cutting machines were the predominant force in the market in 2023, accounting for 53% of the total share. Advancements in 3D cutting technology, like the ability to cut in five axes and a rotating head that can rotate 360 degrees, now enable precise and versatile cutting of various materials.
The Hardware segment is currently the biggest expense in the budget, accounting for 45% of the market share. Main costs for purchasers consist of waterjet cutting systems and essential components like high-pressure pumps, nozzles, and cutting heads.
Waterjet Cutting Machine Market Key Segmentation:
Asia-Pacific Led the revenue share in 2023
The Waterjet Cutting Machine Market was largely controlled by the Asia Pacific region in 2023, with a market share of 36.54%. Expected economic expansion and industrial development in China, India, and South Korea are forecasted to drive an increase in demand. During the anticipated period, market expansion in the region will be further boosted by growth in the material handling, electronic components, metal and mining industries, and the food, beverage, and tobacco sectors.
• North America (US, Canada, Mexico)
• Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe])
• Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific)
• Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East])
• Africa [Nigeria, South Africa, Rest of Africa]
• Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Waterjet Cutting Machine Market Set for Rapid Growth with Technological Advances and Expanding Industrial Applications
The Waterjet Cutting Machine Market is expected to experience substantial growth in the upcoming years, fuelled by advancements in technology and the increasing use in various industries. Enhancements in waterjet technology, such as increased pressure levels and better accuracy, are making it more attractive to a range of industries. Waterjet cutting's ability to work with various materials and thicknesses makes it a popular choice over traditional cutting methods in industries like aerospace, automotive, and metalworking. Its precise production of complex parts is driving its increasing adoption.
In June 2023: Flow International Corporation unveiled Mach 200c and EchoJet waterjet systems, transforming precise cutting with bevel and five-axis functionalities. These advancements set new benchmarks in the industry, allowing for intricate manufacturing of parts.
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Table of Contents – Major Key Points
5. Statistical Insights and Trends Reporting
7. Waterjet Cutting Machine Market Segmentation, By Industry
8. Waterjet Cutting Machine Market Segmentation, By Product Type
9. Waterjet Cutting Machine Market Segmentation, By Offering
12. Use Cases and Best Practices
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