Published Date: 26-Sep-2021
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According to a new report Global Waterjet Cutting Machine Market, published by KBV research, The Global Industrial Computed Tomography Market size is expected to reach $1.5 billion by 2027, rising at a market growth of 6.1% CAGR during the forecast period.
Pure Waterjet cutting machine (PWCM) is expected to showcase a prominent growth rate over the forecast period. PWCM just uses water as a cutting media, whereas AWCM uses a combination of water and abrasive material to accelerate the cutting process. The purest kind of Waterjet cutting technology, pure Waterjet works by focusing a high-pressure water stream onto a thin or soft material for a precise cut. Gaskets, foam, paper, plastics, insulation, disposable diapers, cement board, food, and carpet are among the softer materials cut using PWCM. Pure Waterjet is a cold cutting method that removes the possibility of heat damage.
The automotive application segment is likely to display a promising growth rate during the forecast period. The automobile industry has seen massive adoption of WCMs, owing to the growing demand for high-precision complex automotive parts. In the automobile industry, robotic systems are used in conjunction with WCMs to improve operational efficiency.
North America would emerge as one of the dominating regions in the waterjet cutting machine during the forecast period. There is a huge development of the industries like electronics, automotive, aerospace, and food in this region. Factors such as the huge industrial base and huge production ability of the companies operating in this region are responsible for the growth of the region. The US is the leading country of this region and various leading automotive makers have their presence in this country. Due to this, the demand for waterjet cutting machines utilized for cutting headliners, dumpers, door panels, carpets, liners, castings, and composite parts. In addition, industries like food & beverage, and aerospace & defense create new growth avenues for the regional waterjet cutting achiness as they are utilized for cutting several materials.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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