Global Abrasive Waterjet Cutting Machine Market Overview
The Abrasive Waterjet Cutting Machine market industry is projected to grow and expand from USD 1.29 Billion in 2024 to USD 2.29 Billion by 2032, contributing a compound annual growth rate (CAGR) of 7.43% during the projected timeframe (2024 - 2032). Abrasive Waterjet Cutting Machine Market Size was valued at USD 1.19 Billion in 2023. Rising steel and other commodities need in various end-use sectors and expanding production industries in developing nations are the key market drivers contributing to market growth and expansion.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Abrasive Waterjet Cutting Machine Market Trends
The growing production industries in developing nations are driving market growth.
The rising production industries in developing nations drive Market CAGR for abrasive waterjet cutting machines. They are widely used in the aerospace, automotive, gadgets, textile, building, and mining sectors. The car industry uses These devices to cut titanium, steel, and other metals. Metal seals for vintage autos, brake discs, clutches, additional components for racing automobiles, bespoke vehicle body panels, and sensitive fittings and brackets are manufactured on these tools. These tools are utilized in the electronics sector for various activities, including circuit board slicing and layout, generating parts, panels for control, electromagnetic barriers, and other related machinery. The market for waterjet cutting machines is expected to develop profitably due to the diverse variety of uses. For removing hard materials, abrasive waterjet cutting devices employ rough materials in high-pressure areas of waterjet. The abrasive substance is delivered into the milling machine using two different systems: suspending and injecting jets.
Global urbanization is also projected to impact this market's future growth significantly. Factors such as excessive use of energy, susceptibility to environmental circumstances, and the possibility of incorrect selection, poor maintenance, and fabricating issues may impede the expansion of the Industry in the future. However, Robotization is regarded as the widest and fastest-increasing segment in the waterjet cutting Industry since it significantly enhances usefulness and wellness while decreasing costs, satisfying the need for robotics and controlled cutting systems.
The spread of COVID-19 is having a bigger impact on market growth. Entire solutions for supply chains and sales in numerous sectors have been impeded. In addition, the abrupt shutdown of activities throughout the nations has affected present orders for metal machining and cutting. This effect is also predicted to last long, slowing the market's growth. The expanding trend towards industry automation and the increased need for customized goods will propel the waterjet cutting machine market forward in the next years. Companies invest in development and research to improve these machines' effectiveness and efficiency while rendering them readily available to a larger range of sectors. The waterjet machine-cutting sector is expected to expand significantly in the coming years.
For instance, Flow International Corp provides waterjet cutting equipment in the Mach series capable of cutting objects up to 24 inches strong. In addition, the technology offers a wide range of operations, including quick drilling or cutting of small details or precision forms in transparent material, stones, and metals. Thus, demand for Abrasive Waterjet Cutting Machines is anticipated to increase throughout the projected timeframe due to the rising production industries in developing nations. Thus, driving the Waterjet Machines market revenue.
Abrasive Waterjet Cutting Machine Market Segment Insights
Abrasive Waterjet Cutting Machine Type Insights
The Abrasive Waterjet Cutting Machine Market segmentation, based on Type, includes 3D Waterjets Cutting Machines, Micro Waterjet Cutting Machines, and Robotic Waterjet Cutting Machines. The 3D Waterjet Cutting Machines category dominated the market, accounting for 42% of market revenue (USD 0.5 Billion) in 2022. Recent improvements in the waterjet cutting head for 3D waterjet cutting equipment have introduced five-axis abilities to the procedure, which allows for 3D cutting.
Figure 1: Abrasive Waterjet Cutting Machine Market by Type, 2024 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Abrasive Waterjet Cutting Machine Application Insights
The Abrasive Waterjet Cutting Machine Market, based on Applications, includes Exotic Metal & Non-Traditional Material, Glass/Metal Art, Ceramic/Stone, Gasket, Fiberglass, and Foam Products. The Glass/Metal Art category generated the highest market revenue of about 32% (USD 0.4 billion) in 2022. Increased infrastructure spending, including residential and commercial construction initiatives, is related to segmental growth. The demand for visually beautiful structures and infrastructure propels the sector's expansion.
Abrasive Waterjet Cutting Machine Industry Insights
The Abrasive Waterjet Cutting Machine Market segmentation, based on Industry, includes Metal Fabrication, Automotive, Aerospace, Food Processing, Textile, Machine Manufacturing, and Medical Devices. The Automotive segment dominated the market, accounting for 36% of market revenue (USD 0.4 Billion) in 2022 due to the rising desire to supply high-exactness complicated automobile parts. Furthermore, the automobile industry uses robot systems with waterjet cutting machines to improve operational productivity.
Abrasive Waterjet Cutting Machine Regional Insights
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Abrasive Waterjet Cutting Machine market area will dominate this market during the projected timeframe, owing to the existence of a large customer base, the rapid expansion of the hydrogen industry, fuel cell technologies, and several significant companies which will fuel the market demand in the North American area.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Abrasive Waterjet Cutting Machine Market Share by Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Abrasive Waterjet Cutting Machine market accounts for the second-highest market share due to Increased automation in factories, increased steel consumption, and more use of indexed steel for buildings, all driving the expansion of the region's waterjet cutting machine business. Further, the German Abrasive Waterjet Cutting Machine market holds the largest market share, and the UK Abrasive Waterjet Cutting Machine market is likely to grow and expand significantly in the European region during the projected timeframe.
The Asia-Pacific Abrasive Waterjet Cutting Machine Marketis expected to grow quickly during the projected timeframe. This is because of the constantly expanding automobile and construction industries. Moreover, China’s Abrasive Waterjet Cutting Machine market dominates the market share, and the Indian Abrasive Waterjet Cutting Machine market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.
Abrasive Waterjet Cutting Machine Key Market Players & Competitive Insights
Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Abrasive Water Jet Machining & Cutting market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their global footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Abrasive Waterjet Cutting Machine industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the global Abrasive Waterjet Cutting Machine industry to benefit customers and capture untapped market share and revenue. The Abrasive Waterjet Cutting Machine Market has recently offered significant advantages to the Industrial Automation & Equipment industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the Abrasive Waterjet Cutting Machine market, including Colfax Corporation, Lincoln Electric Company, Flow International, Omax Corporation, KMT Waterjet, Hornet Cutting Systems Koike Aronson, Semyx, AUTOPRO-UP Co., Ltd., Waterjet Sweden AB, and DARDI International Corporation are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.
Hypertherm creates industrial cutting tools for use in various sectors, including shipbuilding, manufacturing, and automobile repair. It is located in the United States and recently released a waterjet cutting tool. This enables the user to monitor cutting speeds and piercing times for various materials, choose a pump type, modify running expenses, and alter cutting settings.
Water Jet Sweden creates, produces, and sells sophisticated water jet cutting systems and offers high-quality aftermarket service and spares. It was started in 1993 and now serves consumers in over 40 countries worldwide. Water Jet Sweden revealed "Alphajet," the latest version of its taper angle control, perfect for increasing cutting output with great precision in April 2020.
Key Companies in the Abrasive Waterjet Cutting Machine market include
- Colfax Corporation
- Lincoln Electric Company
- Flow International
- Omax Corporation
- KMT Waterjet
- Hornet Cutting Systems
- Koike Aronson
- Semyx
- AUTOPRO-UP Co., Ltd.
- Waterjet Sweden AB
- DARDI International Corporation
Abrasive Waterjet Cutting Machine Industry Developments
March 2024- Boeing, an American Aerospace giant, has now inverted a decision to cut production of F/A-18 Super Hornet fighter jets by next year after it controlled to bag a deal to supply 17 of the Jets by the year 2027. The statement said that the U.S. Navy granted The Boeing Company a USD1.3 billion contract on March 19 to buy 17 F/A-18 Super Hornets and deliver a technical data package important to the sustainment of the platform. Officials of the Naval Air Systems Command at Patuxent River Naval Air Station, Md. The wish is for the Boeing Defense, Space & Security segment in St. Louis to develop two F/A-18F: five F/A-18E Lot 47 aircraft and 10 F/A-18F Lot 46 aircraft. Significantly, in February 2023, Boeing disclosed that it would no longer manufacture the Super Hornet, beginning in 2025, after four decades of developing the fourth-generation fighter jet. Estimated at $1.14 billion, the agreement is anticipated to be completed by April 2027, with deliveries slated to start in the winter of 2026. Boeing will also offer a technical data package, including the maintenance, operation, installation, and training data to support F/A-18 and EA-18G sustainment efforts for the U.S. Navy.
August 2023- Elliott Matsuura Canadahas disclosed the latest collaboration agreements with three organizations to distribute their products in Canada. The distributor has collaborated with Mandelli to supply machining centers in Canada. Mandelli was established in 1932 and has several decades of experience acquiring and building 5-axis machines and flexible manufacturing systems catering to energy, aerospace, and precision machinery. The president of Elliott Matsuura Canada Inc., Vince D'Alessio, said that they are confident that the relationship between Mandelli and Elliott has a bright future. He further said that Mandelli's product range, together with Elliott's service and support, is a winning combination. They have widened the offerings of machining centers to the Canadian market. Elliott also will distribute GPA Innova's DLyte metal surface finishing equipment in Canada. GPA Innova was established in Barcelona in 2013 and offers technology in the field of product design and development of industrial applications.
April 2020: Water Jet Sweden revealed "Alphajet," the latest version of its taper angle control, perfect for increasing cutting output with great precision.
September 2018: At the recent International Manufacturing Technology Exhibition (IMTS), KMT Waterjet launched a wide range of waterjet pumps that address the needs of entry-level to high-end waterjet cutting equipment.
Hypertherm, a firm located in the United States, recently released a waterjet cutting tool. This enables the user to monitor cutting speeds and piercing times for various materials, choose a pump type, modify running expenses, and alter cutting settings.
Abrasive Waterjet Cutting Machine Market Segmentation
Abrasive Waterjet Cutting Machine Type Outlook
- 3D Waterjet Cutting Machines
- Micro Waterjet Cutting Machines
- Robotic Waterjet Cutting Machines
Abrasive Waterjet Cutting Machine Application Outlook
- Exotic Metal & Non-Traditional Material Cutting
- Glass/Metal Art
- Ceramic/Stone Cutting
- Gasket Cutting
- Fiberglass Cutting
- Foam Product Cutting
Abrasive Waterjet Cutting Machine Industry Outlook
- Metal Fabrication
- Automotive
- Aerospace
- Food Processing
- Textile
- Machine Manufacturing
- Medical Device
Abrasive Waterjet Cutting Machine Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Report Attribute/Metric |
Details |
Market Size 2023 |
USD 1.19 Billion |
Market Size 2024 |
USD 1.29 Billion |
Market Size 2032 |
USD 2.29 Billion |
Compound Annual Growth Rate (CAGR) |
7.43% (2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2018- 2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Type, Application, Industry, and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered |
The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
 Colfax Corporation, Lincoln Electric Company, Flow International, Omax Corporation, KMT Waterjet, Hornet Cutting Systems Koike Aronson, Semyx, AUTOPRO-UP Co., Ltd., Waterjet Sweden AB, and DARDI International Corporation |
Key Market Opportunities |
Major main players' recent releases and research and development |
Key Market Dynamics |
Rising steel and other commodities need in a variety of end-use sectorsExpanding production industries in developing nations |
Abrasive Waterjet Cutting Machine Market Highlights:
Frequently Asked Questions (FAQ) :
The Abrasive Waterjet Cutting Machine Market was projected at USD 1.19 Billion in 2023.
The worldwide Abrasive Waterjet Cutting Machine market is anticipated to grow and expand at a CAGR of 7.43% during the projected timeframe.
North American area has the highest percentage of the global market.
The key players in the market are Colfax Corporation, Lincoln Electric Company, Flow International, Omax Corporation, KMT Waterjet, Hornet Cutting Systems Koike Aronson, Semyx, AUTOPRO-UP Co., Ltd., Waterjet Sweden AB, and DARDI International Corporation.
The 3D Waterjet Cutting Machines category dominated the market in 2022.
Glass/Metal Art had the largest share of the global market.