Surging Demand From End-Use Industries Drives the Global Waterjet Cutting Machines Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) June 17, 2014 -- Follow us on LinkedIn – Waterjet cutting machines are the most versatile and flexible of all machine tools. 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. The UHP water-jetting process cuts, removes, strips, demolishes, and cleans material in a cost-effective and environmental friendly way. Waterjet cutting machines currently represent one of the fastest growing cutting machines within the broader machine tools industry. The strong evolution of the technology, over the years, is primarily attributed to its ability to provide high flexibility, accuracy and a cost effective alternative to other cutting solutions such as lasers, EDM, and plasma.
With growth prospects strongly linked to the health of the manufacturing sector and the level of capital investments in production plants, the market witnessed decline in sales during the 2007-2009 recession period. Following the decline, the strong recovery in the year 2010 was led by resurgence of growth fundamentals in end-use sectors such as aerospace and automobile manufacturing, mining, and construction, among others. 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.
Expanding applications in high-precision industries such as medical devices, dentistry, and flash memory chips manufacturing, are expected to drive future growth in the market. Increase in cutting depths as a result of improvements effected in abrasive-injection method has made waterjet cutting machines the preferred choice for cutting metal substrates with higher thickness.
Modern waterjet cutting machines are also 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 ranks as the fastest growing market with a CAGR of 10.2% over the analysis period. Robust manufacturing activity, steady economic development and subsequent rise in demand for various finished goods along with automation of manufacturing units and increased use of production line machinery 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 Group AB, 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 market trends, growth drivers, issues, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in dollars 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/Waterjet_Cutting_Machines_Market_Report.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.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Raghu Gopal, Global Industry Analysts Inc, +1 408-528-9966, [email protected]
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