Asia Pacific Waterjet Cutting Machine Market By Type (Abrasive and Pure), By Application (Automotive, Metal Fabrication, Electronics, Mining, Aerospace & Defense and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Waterjet Cutting Machine Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
A water jet cutter sometimes called a water jet or waterjet is an industrial instrument that can cut a wide range of materials with an extremely high-pressure jet of water or a mixture of water as well as abrasive substance. The phrase abrasive jet refers to the use of a water-abrasive mixture to cut hard materials like metal, stone, or glass, whereas pure Waterjet and water-only cutting refer to waterjet cutting without the addition of abrasives, which is commonly used for softer materials like wood or rubber.
During the manufacture of machine parts, Waterjet cutting is frequently employed. When the materials being cut are sensitive to the high temperatures created by other processes, such as plastic and aluminum, waterjet cutting is the highly preferred procedure. Waterjet cutting is used for cutting, shaping, and reaming in a variety of industries, such as mining and aerospace.
Asia Pacific region is among the main regions for Waterjet cutting machine market due to the better economic condition and rapid industrialization, mainly in India, South Korea, and China. As there is a rise in industries in this region as these industries are adopting new technologies. Waterjet cutting machine necessarily require water for its operation which is a raw material and is inexpensive.
The introduction of automation in the manufacturing industry, the robotic Waterjet cutting machines, usually has a key impact over the growth of this region. Waterjet cutting machines have an enormous market in the APAC region. Therefore, these factors are likely to push the Waterjet cutting machine market during the forecast period in this region.
The Abrasive market dominated the Malaysia Waterjet Cutting Machine Market by Type 2020, thereby, achieving a market value of $27.7 million by 2027. The Pure market is expected to witness a CAGR of 14.6% during (2021 - 2027).
Based on Type, the market is segmented into Abrasive and Pure. Based on Application, the market is segmented into Automotive, Metal Fabrication, Electronics, Mining, Aerospace & Defense and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Colfax Corporation, Lincoln Electric Holdings, Inc., Omax Corporation (Hypertherm), Flow International (Shape Technologies Group Company), Koike Aronson, Inc. (Koike Sanso Kogyo Co., ltd.), WARDJet (AXYZ Automation Group), TECHNI Waterjet (GMM S.p.A), Hornet Cutting Systems, Water Jet Sweden (Vega Ronneby AB) and Semyx Cutting Solutions.
Scope of the Study
Market Segments Covered in the Report:
- Metal Fabrication
- Aerospace & Defense
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Colfax Corporation
- Lincoln Electric Holdings, Inc.
- Omax Corporation (Hypertherm)
- Flow International (Shape Technologies Group Company)
- Koike Aronson, Inc. (Koike Sanso Kogyo Co., ltd.)
- WARDJet (AXYZ Automation Group)
- TECHNI Waterjet (GMM S.p.A)
- Hornet Cutting Systems
- Water Jet Sweden (Vega Ronneby AB)
- Semyx Cutting Solutions
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