Waterjet cutting machines are primarily used in the manufacturing industry for cutting metal and other materials. The machines utilize water as key element to cut thin or thick materials. The manufacturing industry has witnessed innovations in recent years in terms of cutting technology and smart manufacturing processes. Developments of robotic water jet cutting machines, 3D, and micro water jet cutting systems are some notable proofs. Developing industrial sector in the Middle East and Africa region creates a favorable landscape for the water jet cutting machines market in the coming years.
MARKET SCOPE
The "Global Waterjet Cutting Machine Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the waterjet cutting machine market with detailed market segmentation by technology, industry, and geography. The report provides key statistics on the market status of the leading waterjet cutting machine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- ? Based on technology, the global waterjet cutting machine market is segmented into pure waterjet cutting technology and abrasive waterjet cutting technology.? On the basis of industry, the market is segmented into automotive, defense and aerospace, metal fabrication, electronics, textile, and other.
MARKET DYNAMICS
Drivers:
- ? The water jet cutting machines market is forecasted to flourish in the coming years owing to the robust growth of the global steel industry and the rapidly growing automotive industry. Besides, an overall increase in construction activities is further likely to propel market growth. ? Growing demand in the wind energy industry is expected to garner opportunities for the key players of the water jet cutting machines market in the coming years.
Restraints:
- ? The high total cost of ownership may hamper the growth of the waterjet cutting machines market during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The waterjet cutting machine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the waterjet cutting machine market in these regions.
IMPACT OF COVID-19 ON WATERJET CUTTING MACHINE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the waterjet cutting machine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from waterjet cutting machine market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the waterjet cutting machine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ? DARDI INTERNATIONAL? Hornet Cutting Systems? Hypertherm, Inc.? JET EDGE, INC.? KOIKE ARONSON, INC.? OMAX CORPORATION? Resato International? Shape Technologies Group, Inc? Techni Waterjet Pty Ltd? Lincoln Electric Holdings, Inc