$1.4 Billion Worldwide Waterjet Cutting Machines Industry 2027 - Anticipated Growth in Automobile Production to Spur Market Demand - ResearchAndMarkets.com

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DUBLIN, May 20, 2022--(BUSINESS WIRE)--The "Waterjet Cutting Machines - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Waterjet Cutting Machines estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027.

Hardware, one of the segments analyzed in the report, is projected to grow at a 4.5% CAGR to reach US$666 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 5.1% CAGR for the next 7-year period. This segment currently accounts for a 33% share of the global Waterjet Cutting Machines market.

The U.S. Accounts for Over 40.4% of Global Market Size in 2020, While China is Forecast to Grow at a 7.7% CAGR for the Period of 2020-2027

The Waterjet Cutting Machines market in the U.S. is estimated at US$417.3 Million in the year 2020. The country currently accounts for a 40.42% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$172.7 Million in the year 2027 trailing a CAGR of 7.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach US$172.7 Million by the year 2027.

Services Segment Corners a 19.6% Share in 2020

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$169.9 Million in the year 2020 will reach a projected size of US$246.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$156.2 Million by the year 2027, while Latin America will expand at a 7.1% CAGR through the analysis period.

Select Competitors (Total 78 Featured) -

  • Bystronic Laser AG

  • Dardi International Corp.

  • Flow International Corp.

  • Jet Edge, Inc.

  • Omax Corp.

  • Resato International BV

  • Shape Technologies Group, Inc.

  • WARDJet Inc.

  • Water Jet Sweden AB

  • Waterjet Corporation s.r.l.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?

  • Progress on Vaccinations: Why Should Businesses Care?

  • With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic

  • Pandemic Impact on Waterjet Cutting Machines

  • Competitive Scenario

  • Competitive Market Presence - Strong/Active/Niche/Trivial for 72 Players Worldwide in 2022 (E)

  • After Sales Customer Service, Training & Support: Important for Success in the Marketplace

  • Cost of the Machinery: A Key Competitive Variable

  • Customization Gains Momentum

  • Traditional End-use Markets: The Price-Sensitive Category

  • Widespread Awareness among End-Users: The Need of the Hour

  • Replacement Demand Presents Sizeable Market Opportunity

  • Jet Edge's Ultra High-Pressure Waterjet Cutting Technology

  • A Prelude

  • Waterjet Cutting Machines Superiority over Other Cutting Technologies

  • A Comparative Analysis of Cutting Technologies

  • Distribution Structure

  • Aftermarket: An Insurance against Difficult Times

  • State of the Manufacturing Industry: Vital for Market Growth

  • Global Market Prospects & Outlook

  • Key Growth Drivers

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Waterjet Technology: A Growth Trajectory Marked by Adoption and Evolution

  • Waterjet Cutting Machines: An Industry Evolved through Innovations

  • Waterjet Technology Advancements: Spearheading Growth

  • 3D Waterjet Cutting

  • Micro Waterjet Cutting

  • Robotic Waterjets

  • Highly Efficient Software Essential for Next Generation Waterjet Cutting Machines

  • Integrated CAD/CAM Software Address Productivity Challenges

  • Smaller-Sized Waterjet Cutting Machines Gains Popularity

  • MCSD-based Orifices Gaining Acceptance

  • Abrasive Waterjet Cutting Machines

  • Advances in Abrasive Waterjet Technology

  • Abrasive Waterjets for Thicker Materials Cutting

  • Applications of Modern Waterjets

  • Importance of Speed and Reliability

  • Automation and Modern Skill Requirements

  • Connected Systems and User-Friendliness- Key Focus Areas of Producers

  • Aerospace Application: A Strong Growth Driver for High-End Waterjet Cutting Machines

  • EXHIBIT 6: Global Fleet of Commercial Aircraft (2017 & 2036) by Region (in Units)

  • EXHIBIT 7: Massive Negative Impact on Air Travel Leading to Weak Momentum in Aerospace Component Manufacturing: Global Airlines Performance by Region: 2020 Vs 2019

  • Implementation of Specialized Aerospace Materials Triggers Innovation in Waterjet Cutting Machines

  • Rising Popularity of Carbon Fiber-Reinforced Polymers Bodes Well

  • Anticipated Commercial Aircraft Orders Augurs Well

  • Pressing Need for Precision Engineering Brightens Prospects for Waterjet Cutting Machines

  • Anticipated Growth in Automobile Production to Spur Market Demand

  • Pandemic Effect on the Automotive Industry

  • Recovery in Construction Activity Offers Growth Opportunities

  • Waterjet Cutting Machines Eliminates Various Risks in Stone & Tile Cutting

  • Pandemic Effect on the Construction Industry

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/99i4cw

View source version on businesswire.com: https://www.businesswire.com/news/home/20220520005199/en/

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