Abrasive Waterjet Cutting Machine Market Rising Trends & Impressive Growth over Forecasted period 2030
Abrasive Waterjet Cutting Machine Market Industry Analysis:
The global Abrasive
Waterjet Cutting Machine Market Industry size will grow at
an 8.5% CAGR between 2022- 2030, states the recent Market
Research Future (MRFR) analysis. The abrasive waterjet cutting machine, simply
put, is a machine that is used to precisely and accurately cut metal parts in
the manufacturing industry. Owing to its alluring features, it has wide
applications in foam product cutting, fiberglass cutting, gasket cutting,
ceramic/stone cutting, glass/metal art, and exotic metal and non-traditional
material cuttings.
Various factors are propelling the global abrasive
waterjet cutting machine market industry growth. According to the recent
MRFR report, such factors include the global demand and sale of cars, demand
for steel and other metals in different end-use industries such as automotive
and construction, growing manufacturing sector, increasing use of automation,
broad scope in emerging economies, growing automatic machine operations, and
technological advances.
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Key Players
Prominent players profiled in the global abrasive
waterjet cutting machine market industry report include DARDI
International Corporation (China), Waterjet Sweden AB (Sweden), AUTOPRO-UP Co.,
Ltd. (South Korea), Semyx (US), Koike Aronson (Japan), Hornet Cutting Systems
(US), KMT Waterjet (US), Omax Corporation (US), Flow International (US),
Lincoln Electric Company (US), and Colfax Corporation (US).
Market Segmentation
By type, the global abrasive waterjet cutting machine
market industry is segmented into robotic waterjet cutting machines, micro
waterjet cutting machines, and 3D waterjet cutting machines. Of these, the 3D
waterjet cutting machines segment will lead the market over the forecast
period.
By application, the global abrasive waterjet cutting
machine market industry 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 will dominate the market over the forecast period.
By industry, the global abrasive waterjet cutting
machine market industry 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 booming automotive component industry and demand
for vehicle gaskets.
Regional Analysis
By region, the global abrasive waterjet cutting machine
market industry covers the growth opportunities and recent trends across
Europe, North America, the Asia Pacific (APAC), & the Rest of the World
(RoW). Of these, Asia Pacific will have the lions share in the market over the
forecast period. Rapidly growing construction and automotive industry, strong
economic growth in Japan, India, and China, rising production of automotive
parts and industrial parts, increasing government initiatives, China being the
most preferred hub for manufacturing are adding to the global abrasive
waterjet cutting machine market industry growth over the forecast
period.
In Europe, the global abrasive waterjet cutting machine
market industry share is predicted to hold the second-largest share over
the forecast period. Rising R&D, growing automotive industry, and adoption
of advanced technology are adding to the global abrasive waterjet cutting
machine market industry growth in the region.
In North America, the global abrasive waterjet cutting
machine market industry trends is predicted to have healthy growth over
the forecast period. Growing investments in glass industries, furniture, metal
cutting, automotive, aviation, presence of key players, investments in
developing advanced abrasive waterjet cutting machines, and developing end-use
industries, a growing number of infrastructure development and construction
projects are adding to the global abrasive waterjet cutting machine market
industry growth in the region.
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In the MEA, the global abrasive waterjet cutting
machine market industry is predicted to have sound growth over the
forecast period for the growth in production across different end-use
industries like automotive, industrial, and construction.
In South America, the global abrasive waterjet cutting
machine market industry is predicted to have notable growth over the
forecast period. Rise in building construction, machinery production industry,
and automobiles, government initiatives in Brazil and Argentina, and rapid
development in the automotive industry are adding to the global abrasive
waterjet cutting machine market industry growth in the region.
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