Global Waterjet Cutting Machine Market 2018-2023 - Opportunity in Increasing Demand for Mechanized Cutting in Industrial Sector of Developing Economies
DUBLIN, Aug. 24, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
The waterjet cutting machine market is expected to grow from USD 921.7 million in 2018 to reach USD 1,248.0 million by 2023, at a CAGR of 6.25% between 2018 and 2023.
The market is driven by the growth in demand for steel in various industries, especially in automobile, oil & gas, and energy industries. The market growth is also attributed to the high demand from the Asian metal and metal manufacturing industries.
The market in this report has been segmented on the basis of product type into 3D waterjet cutting machines, micro waterjet cutting machines, and robotic waterjet cutting machines. The 3D waterjet cutting machines are expected to hold the largest size of the market based on product type by 2023, which has been the most commonly deployed product type across the world. 3D waterjet cutting systems are widely used in the aerospace and automotive industries, as well as in the prototype development applications of various industries.
Waterjet cutting machines are used in applications such as exotic metal and non-traditional material cutting, ceramic/stone cutting, glass/metal art, gasket cutting, fiberglass cutting, and foam product cutting. The report provides a description of the use of waterjet cutting machines in each of these applications. The glass/metal art application is expected to account for the largest share of the waterjet cutting machine market during 2018-2023. The growing demand for the machines for hurricane glass cutting in the automotive industry is expected to boost the growth of the waterjet cutting machine market during the forecast period.
The waterjet cutting machine market for the automotive industry is expected to grow at the highest CAGR between 2018 and 2023. The use of waterjet cutting machines in the automotive industry improves the flexibility of cutting equipment and enables ease with automation, which drives the growth of the waterjet cutting machine market for this industry.
Waterjet Cutting Machine Market
APAC accounted for the largest share of the global waterjet cutting machine market in 2017. The growth of the market in APAC is driven by the expansion of the metal fabrication and automotive industries, coupled with the growing machine manufacturing industry, in countries such as India and China. Additionally, the factors such as the rise in infrastructural expenditure, growing population, and increased consumer spending are the main drivers for the waterjet cutting machine market in APAC.
The key restraining factors for the market are the high total cost of ownership and requirement of technical know-how . This report describes drivers, restraints, opportunities, and challenges for the waterjet cutting machine market growth. In addition, it analyzes the current market scenario and forecasts the market till 2023, including the market segmentation based on product type, application, industry, and geography.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Lucrative Opportunities in Waterjet Cutting Machine Market
4.2 Waterjet Cutting Machine Market, By Application
4.3 Waterjet Cutting Machine Market in APAC, By Industry, 2017
4.4 Waterjet Cutting Machine Market, By Industry
4.5 Market Share of Major Countries and Regions, 2017
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Promising Growth in Global Steel Industry
5.2.1.2 Growing Automobile Industry
5.2.1.3 Development of Industrial Sector in the Middle East and Africa
5.2.1.4 Comprehensive Increase in Construction Activities
5.2.2 Restraints
5.2.2.1 High Total Cost of Ownership and Requirement of Technical Know-How
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Mechanized Cutting in Industrial Sector of Developing Economies
5.2.3.2 Growing Demand for Waterjet Cutting Machines in Wind Energy Industry
5.2.4 Challenges
5.2.4.1 Development of Cost-Effective Technologies
6 Waterjet Cutting Machine Market, By Product Type
6.1 Introduction
6.2 3D Waterjet Cutting Machines
6.3 Micro Waterjet Cutting Machines
6.4 Robotic Waterjet Cutting Machines
7 Waterjet Cutting Machine Market, By Application
7.1 Introduction
7.2 Exotic Metal & Non-Traditional Material Cutting
7.3 Ceramic/Stone Cutting
7.4 Glass/Metal Art
7.5 Gasket Cutting
7.6 Fiberglass Cutting
7.7 Foam Product Cutting
8 Waterjet Cutting Machine Market, By Industry
8.1 Introduction
8.2 Electronics
8.3 Metal Fabrication
8.4 Automotive
8.5 Aerospace
8.6 Food Processing
8.7 Textile
8.8 Machine Manufacturing
8.9 Medical Device
9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Rest of APAC
9.5 Rest of the World
9.5.1 Middle East
9.5.2 South America
9.5.3 Africa
10 Competitive Landscape
10.1 Overview
10.2 Ranking Analysis
10.3 Competitive Situations & Trends
10.3.1 Product Developments & Launches
10.3.2 Partnerships/Agreements/Collaborations
10.3.3 Acquisitions
11 Company Profiles
11.1 Introduction
11.2 Colfax Corporation
11.3 Lincoln Electric Company
11.4 Flow International
11.5 Omax Corporation
11.6 KMT Waterjet
11.7 Hornet Cutting Systems
11.8 A Innovative International Ltd.
11.9 Koike Aronson
11.10 Semyx
For more information about this report visit https://www.researchandmarkets.com/research/p8fclg/global_waterjet?w=5
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