Global Waterjet Cutting Machines Market, 2023 - 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

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21 Dec, 2017, 15:45 GMT

DUBLIN, Dec. 21, 2017 /PRNewswire/ --

The "Global Waterjet Cutting Machines Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to Research and Markets' offering.

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.

The major factor driving the growth of waterjet cutting machines is rapid industrialization, resulting in expansion of end use industries such as automobiles, manufacturing, and others.

Companies from various sectors are increasingly adopting these machines owing to its safe usage, and environmental friendly features. Moreover, the introduction of automation in manufacturing sector coupled with the introduction of robotic waterjet machine is impacting the market growth significantly. However, high costs required to install and maintain the devices may inhibit the market growth of Waterjet cutting machines globally.

Geographically, North America is expected to drive the market for waterjet cutting machinery owing to the growing application in several core and end user industries and strengthening economic conditions. Modernisation and rapid evolution of market in Asia Pacific is expected to influence the global growth considerably over the forecasted period.

Segmentation

By Horsepower

  • From 0 to 50 hp
  • From 51 to 100 hp
  • Others

By Product Type

  • 3D Waterjet Cutting
  • Micro Waterjet cutting
  • Robotic Waterjet Cutting

By End-User

  • Automotive
  • Stone & Tiles
  • Aerospace
  • Job shops
  • Others

Key industry players profiled as part of this section are Jet Edge, Inc., WaterJet Germany Private Limited, Waterjet Systems International, Hypertherm, Inc, OMAX Corporation, Flow International Corporation, and KMT Waterjet.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Global Waterjet Cutting Machines Market Forecast by Horsepower Rating (US$ billion)

6. Global Waterjet Cutting Machine Market Forecast by Product Type (US$ billion)

7. Global Waterjet Cutting Machines Market Forecast by End-User (US$ billion)

8. Global Waterjet Cutting Machines Market Forecast by Geography (US$ billion)

9. Competitive Intelligence

10. Company Profiles

  • Jet Edge, Inc.
  • WaterJet Germany Private Limited
  • Waterjet Systems International
  • Hypertherm, Inc
  • OMAX Corporation
  • Flow International Corporation
  • KMT Waterjet

For more information about this report visit https://www.researchandmarkets.com/research/3q29fp/global_waterjet?w=5

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