Waterjet Cutting Machine Market Size, Share & Industry Analysis, By Type (Micro Waterjet Cutting Machine & Robotics Waterjet Cutting Machine), By Technology (Pure & Abrasive), By Pressure Range (Less than 4200&4200 and above), By Pump Type (Direct Drive Pumps & Hydraulic Intensifier Pumps), By Industry (Aerospace & Defense, Automotive, Electronics, Energy & Power, Metal Fabrication, Rubber & Plastic and Others) and Regional Forecast, 2020-2032

The global waterjet cutting machine market size was valued at USD 1.03 billion in 2019 and is projected to reach USD 2.30 billion by 2032, exhibiting a CAGR of 5.7% during the forecast period. North America dominated the waterjet cutting machine market with a market share of 33.99% in 2019.

A highly competitive environment for fabricators and machine shops is recognized in recent times. The high expectations of customers for quick turnaround times and changing preferences for size, design, shapes, materials, and more is compelling the operators and fabshop owners to adopt technologically advanced machineries. In such scenario, waterjet cutting machines are gaining popularity due to their versatility and efficiency improvements in production facilities. The penetration of machines is anticipated to grow in the coming years owing to their ability to cut different materials without losing the base properties, usage of optimal energy, and others. Also, stringent environmental norms and standards are one of the major factors influencing the demand for waterjet machines. These machines release no hazardous materials or vapors and don’t require any noxious gases or liquids while conducting the cutting processes. Furthermore, the addition of new software intelligence, evolvement of 3D cutting, and introduction of robotic cutting are some of the other factors creating a potential for the market growth.

LATEST TRENDS

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Efficiency and Intelligence are the Key Trends Expected to Drive the Market

The trend towards metal shaping is widening. The quick diagnosis of the customers’ demand and to be able to fix them in real-time, would enable the fabricator to improve serviceability and to focus more on business. Also, the manufacturers want to increase uptime and rely on more predictable maintenance machineries. In such scenario, waterjet suppliers are emphasizing on synergizing the efficiency and intelligence to deliver an optimized cutting experience and to simultaneously improve the reliability of their manufacturing process. Hence, the demand for this machine would upsurge.

• For instance, Hypertherm, a U.S. based manufacturer, recently introduced a waterjet cutting calculator. This allows a user to view cutting speeds, pierce times for different materials, select pump model, edit operating costs, and adjust cutting parameters.

DRIVING FACTORS

Adoption of Robotic Solutions across Various Industries to Spur Growth Opportunities

Robotic waterjets are gaining traction with the increasing complex and curved parts cutting process. Complex cutting is required for turbines, blades, spares, and flanges in industries, such as including aerospace & defense, automotive, and energy & power. To achieve the efficiency and productivity at every cutting process in real-time, robotic solutions are deployed. Furthermore, reduction in labor costs is another factor driving this market. These machines are equipped with intelligent CAD/CAM/Control software which allows one operator to run multiple systems. Owing to the ability of the machines to run semi-attended, the shop owners are inclining towards integrating machines further boosting the market.

The growing trend towards industry automation and the rise in demand for customized products are expected to drive the growth of the waterjet cutting machine industry in the coming years. Manufacturers are investing in research and development to enhance the efficiency and productivity of these machines, making them more accessible to a wider range of industries. Overall, the waterjet cutting machine industry is poised for substantial growth in the near future.

A highly competitive environment for fabricators and machine shops is recognized in recent times. The high expectations of customers for quick turnaround times and changing preferences for size, design, shapes, materials, and more is compelling the operators and fabshop owners to adopt technologically advanced machineries. In such scenario, waterjet cutting machines are gaining popularity due to their versatility and efficiency improvements in production facilities. The penetration of machines is anticipated to grow in the coming years owing to their ability to cut different materials without losing the base properties, usage of optimal energy, and others. Also, stringent environmental norms and standards are one of the major factors influencing the demand for waterjet machines. These machines release no hazardous materials or vapors and don’t require any noxious gases or liquids while conducting the cutting processes. 

RESTRAINING FACTORS

Inability to Achieve Cuts at a Specific Depth Can Hinder the Market Growth

The inability to achieve cuts with precision to a specific depth is a factor inhibiting the market growth. The customized requirements of customers for molding and cutting metals would enforce the operator to cut the metal all the way through a workpiece. However, to achieve the best possible accuracy, it becomes difficult to control the timing of the motion of this machine. In such scenario, EDM and CNC punches provide more reliability and consistency. The usage of different machines and processes to manufacture a product increases the overall costing of the product, further creating a negative impact to the market growth. Moreover, the outbreak of the COVID-19 pandemic is affecting the market growth to a greater extent. The overall supply chain solutions and the sales of various industries has hampered. Also, the ongoing orders for metal fabrication and cutting have been disrupted owing to the immediate shutting down of operations across the nations. Also, this impact will sustain for a considerable period of time and is expected to slow down the waterjet cutting machine market growth.

SEGMENTATION

By Type Analysis

Owing to the Trend of 3D Cutting, Robotics Waterjet Cutting Machine Segment is Anticipated to Grow Significantly

Based on type, the market is segmented into micro machine and robotics machine.

The robotics segment is anticipated to grow significantly in the coming years with the increasing trend of 3D cutting. The trimming programs are easily added up and they change as per specific requirements. Furthermore, the introduction of 5/6 axis robots has revolutionized the overall process with less wasted product while using waterjet robots. The major end-user including automotive, aerospace, electronics and textiles are moving towards robotic solutions owing to their high reliability and precision in operations.

The micro waterjet cutting machine segment is anticipated to grow at a considerable rate as these machines are able to cut at high precision with extreme tolerances and without creating a heat affected zones (HAZ).

By Technology Analysis

Pure Technology Segment to Grow Rapidly in the Forecast Period

Based on technology, the market is divided into pure and abrasive waterjet cutting.

The pure waterjet cutting technology segment is anticipated to grow significantly in the forecast period owing to the major deployment of these machines in the processing of food. The strict health regulations presently governing are emphasizing on adopting pure technology to meet up the quality norms. Also, this technology reduces the costs as the cutting is conducted through high-pressure water and there is no mix-up of any additives.

The abrasive technology segment is forecasted to show a considerable growth owing to its functionality to cut harder and thicker materials including metals, stones, or thick plastics. The major factor to slowdown this technology is the higher cost of additional components required, including pure water focusing nozzle, abrasive mixing chamber, and abrasive focusing nozzle. Also, stringent quality standards are adding to the slowdown of this technology.

By Pressure Range Analysis

4200 and Above Segment to Show Substantial Growth during the Forecast Period

Based on pressure range, the market is segregated into less than 4200 and 4200 and above.

The 4200 and above segment is expected to grow significantly owing to the ability to deliver high volume cutting, minimal loss of energy, end-user demand for cutting composite and high thicknesses materials, etc. The less than 4200 segment is expected to show a considerable growth in the future with the evolvement of ultrahigh pressure pumps.

By Pump Type Analysis

Hydraulic Intensifier Pump Segment to Show Higher Growth in the Coming Years

On the basis of pump type, the market is categorized into direct drive pumps and hydraulic intensifier pumps.

The deployment of hydraulic intensifier pumps is expected to rise in the forecast period owing to their ability to provide of consistency and precision cutting as required across in a wide range of applications, such as aerospace & defense, automotive, medical devices, intricate tile, and stone inlay. Furthermore, the manufacturers are now focusing to bring innovative product lines of intensifier pumps, thereby creating a potential impact on the market growth.

Direct drive pumps are the traditionally integrated pumps in the waterjet cutting technology. These pumps are widely adopted where cutting power without precision accuracy is required.

By Industry Analysis

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Robust Growth is Being Observed across the Aerospace & Defense Segment

Based on industry, the market is segmented into aerospace & defense, automotive, electronics, energy & power, metal fabrication, rubber & plastic, and others

The aerospace and defense segment is forecasted to show a robust growth in the coming years owing to the higher adoption of robotic solutions for designing and cutting aerospace components, growing trend towards 3D cutting, and the rising focus to cut the materials without losing their base properties.

The metal fabrication, automotive, and electronics segments are anticipated to show significant growth owing to the demand for customized cars, rising consumption of electronic products, and growing industrialization leading to the manufacture of précised components and parts for heavy machineries.

The rubber & plastic and energy & power segments are expected to showcase considerable share in this market owing to the rising number of energy plants across the globe and rapid industrial growth.

REGIONAL INSIGHTS

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Geographically, the market is segmented across five major regions, namely, North America, Europe, Asia Pacific, and the Middle East & Africa, and Latin America. They are further categorized into countries.

North America is set to hold the dominant position in the market during the forecast period. The growth in the region is likely to be driven by rising automation, presence of major manufacturers operating in this business segment, as well as a rise in the aerospace & defense, metal fabrication, and automotive industries. Moreover, the emergence of small and medium enterprises is a major factor propelling the metal industry in this region, further enhancing the market.

Asia Pacific is expected to grow at the highest rate in the coming years owing to the presence of several organized and unorganized key market players operating in this segment. Countries including China and Japan are focusing on the research and development activities to stay competitive in the market. Also, the metal industry is surging at a rapid pace, thereby contributing to the growth of the overall market.

Europe, the Middle East and Africa, and Latin America are expected to show considerable growth in the coming years as the upgradation of manufacturing industry is on the peek in this region. Also, major countries such as Germany and the U.K. are adopting robotic solutions for designing and cutting automotive parts and components further fueling the demand for these machines.

KEY INDUSTRY PLAYERS

KMT Waterjet is Emphasizing on Introducing New Pump Ranges to Supplement Waterjet Cutting Technology

KMT Waterjet is now focusing on introducing a wide range of pumps to boost the waterjet cutting technology. Also, the pressure pump is ideal for small workshops and contract cutting firms, performing conventional and simple cutting work. These also emerged as standout products to its existing pump portfolio and would help to strengthen the product line.

Key players are Focusing on Upgrading the Existing Technology

Key suppliers are focusing on introducing their products streamlined with innovative technologies to gain recognition in the global market. Also, the rising government concerns for adopting pure waterjet technology are a supplementing factor for the growth of this market.

List of Key Companies Profiled:

• Dardi International Corporation (China)


• KMT (United States)


• Flow International Corporation. (United States)


• BYSTRONIC (Switzerland)


• Water Jet Sweden (Sweden)


• WATERJET CORPORATION S.R.L. (Italy)


• WARDJet (AXYZ Automation Group) (United States)


• Resato International. (Netherlands)


• OMAX Corporation (United States)


• Koike Aronson, Inc. (United States)

KEY INDUSTRY DEVELOPMENTS:

• June 2023 - Flow International Corporation introduces Mach 200c and EchoJet waterjet systems, revolutionizing precision cutting with bevel and five-axis capabilities. These innovations redefine industry standards, enabling complex part fabrication.


• April, 2020 - Water Jet Sweden unveiled the next generation of taper angle control named “Alphajet,” ideally suited for enhancing the cutting capacity with high precision.


• September, 2018 - KMT Waterjet introduced a broad range of waterjet pumps to suffice the entry level and high-end level waterjet cutting machines at the International Manufacturing Technology Show (IMTS).

REPORT COVERAGE

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The market report offers detailed information regarding various insights of the industry. The report focusses on several market dynamics including growth drivers, restraints, competitive landscape, regional analysis, and challenges. It further offers an analytical depiction of the waterjet cutting machine market trends and estimations to illustrate the forthcoming investment pockets. The market is quantitatively analyzed from 2020 to 2027 to provide financial competency. The information gathered in the market research report has been taken from several primary and secondary sources.

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