Considering the fact that cutting will remain a crucial operation
across various industrial verticals, companies are compelled to adopt
the most efficient machines that will serve this purpose. Waterjet
cutting machines are likely to be at the top of this list, and are
widely used for cutting wide range of materials without the use of
abrasives. Persistence Market Research projects that towards the end
of 2024, the value of global waterjet cutting machine market is
likely to get doubled, reflecting a raise from US$ 1.37 Bn in 2016 to
US$ 2.7 Bn.
During this forecast period, the global market for waterjet cutting
machines will exhibit a value CAGR of 8.9%. According to Persistence
Market Research’s report, titled “Waterjet Cutting Machine
Market: Global Industry Analysis and Forecast, 2016-2024,” the
global waterjet cutting machine market will also witness sizeable
growth in terms of sales. In 2016, the global sales of waterjet
cutting machines surpassed 13,600 units. By the end of 2024, the
global market for waterjet cutting machine is anticipated to record
sales of 25,872 units, registering a volume CAGR of 8.3%.
Request to view table of content @
The report also reveals that North America will be the largest market
for waterjet cutting machines. With more than 35% share in global
revenues, North America’s waterjet cutting machine market will
dominate the global market throughout the forecast period. US-based
companies such as WARDJet, International Waterjet Machines, OMAX
Corporation, Semyx, LLC, Plasma Automation Inc. (VICON), Hypertherm
Inc. (Accustream), Hornet Cutting Systems, Koike Aronson, Inc., KMT
Waterjet, and Jet Edge, Inc. are profiled among the market’s key
players in the report.
With over 15% share in global waterjet cutting machine market value,
Europe is also expected to be at the forefront of market expansion.
Caretta Technology s.r.l., TrennTek GmbH, CMS Industries, Water Jet
Sweden, Metronics Technologies S.L., PTV, spol. s r.o., and STM
Stein-Moser GmbH are European companies actively participating in the
growth of global waterjet cutting machine market. However, North
America and Europe’s presence in the global waterjet cutting
machine market will witness marginal dip towards the end of the
forecast period.
Meanwhile, the waterjet cutting machine market in Asia-Pacific (APAC)
region will record fastest revenue growth at 10% CAGR. The report has
also assessed that waterjet cutting machines are available at the
lowest price across the APAC countries. This is certainly expected to
boost the sales for companies such as Sugino Machine Limited, DARDI
International Corporation, Foshan Yongshengda Machinery Co., Ltd.,
TECHNI Waterjet, and A Innovative International Ltd., which are also
major contributors to the market’s overall growth.
Request Sample Report @
The global waterjet cutting machine market is also anticipated to
witness rampant sales of intensifier pumps. Since intensifier pumps
will be observed as top-selling products in the global waterjet
cutting machine market, they are likely to showcase revenue growth at
8.9% CAGR during the assessment period. In 2017 and beyond, a little
over 55% of the market’s revenues will be accounted by application
of waterjet cutting machines in two-dimensional cutting.
In 2016, more than 6,500 waterjet cutting machines were sold across
the world for 2D cutting applications. Likewise, over 70% of waterjet
cutting machine sales will be attributed by high demand for machines
with a pressure range of up to 4200 Bar. Metal fabrication and
automotive are expected to be recognized as largest end-user
industries for waterjet cutting machines. Revenues arising from these
two end-users are predicted to showcase CAGRs of 9% and above.
Buy Waterjet Cutting Machines Market Report @
No comments:
Post a Comment