Waterjet Cutting Machines: A Global Strategic Business Report
San Jose, California (PRWEB) February 02, 2015
Follow us on LinkedIn – Waterjet technology utilizes a thin stream of ultra high-pressure (UHP) water to deliver precision cutting and specialty cleaning services to various end-use industries such as aerospace, construction, automotive, marine, and mining. Waterjet cutting systems continue to be the preferred machine tool for manufacturing processes due to its superior attributes such as the ability to machine thicker materials, superior edge finish, tight tolerances, eco-friendly nature and safety and versatility of the technology. Capability to cut wide range of material types such as metals, non-metals, stone, plastics, wood, and ceramics represents the most important attribute of waterjet cutting technology.
Waterjet cutting machines currently represent one of the fastest growing cutting machines within the broader machine tools industry. The market continues to be driven by rapid mushrooming of job shops in developing countries, against a backdrop of mass exodus of production activity from developed markets to low cost destinations such as China, India, Taiwan, and Vietnam. Increasing capital investments in the aerospace and defense sector as well as strong automotive production in developing countries represent other important growth drivers. Upgrading and modernization of creaking production infrastructure and aging installed bases in many of the industrialized nations offers attractive growth opportunities in the coming years.
Modern waterjet cutting machines are powered by highly advanced user interface with computer touch screens that enable workers to efficiently handle multiple cutting tasks. New processor architectures including 3D design and advanced cooling are expected to take efficiency and performance of these machines to the next level thus benefiting market adoption and expansion. Increasing acceptance of 3D waterjet cutting systems for high precision cutting that requires increased levels of accuracy is also poised to benefit the market in the near term.
As stated by the new market research report on Waterjet Cutting Machines, the United States represents the largest market worldwide, followed by Europe. Asia-Pacific represents the fastest growing market with a CAGR of 11% over the analysis period. Widespread outsourcing and shifting of manufacturing activities to low cost developing countries; increased infrastructure development activities in sectors such as manufacturing, power, shipbuilding and other utilities; and steady economic development in countries such as China, India, Taiwan, South Korea, Thailand, and Malaysia represent key growth drivers in the region.
Key players covered in the report include Bystronic Group, Dardi International Corporation, ESAB Cutting Systems, Flow International Corporation, Huffman Corporation, Jet Edge Inc., KMT Waterjet Systems Inc., Omax Corporation, Nuclear Engineering Services, Resato International BV, Water Jet Sweden AB, Waterjet Corporation S.r.l, and WARDJet Inc., among others.
The research report titled “Waterjet Cutting Machines: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry segments, trends, growth drivers, restraints, market share, market size, product launches, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan, and Rest of Asia-Pacific), the Middle East, and Latin America (Brazil and Rest of Latin America). End-use applications analyzed for the global market include Automotive, Stone & Tiles, Job Shops, Aerospace & Defense, and Others.
For more details about this comprehensive market research report, please visit -http://www.strategyr.com/MarketResearch/Waterjet_Cutting_Machines_Market_Trends.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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