The global Waterjet Cutting Machine Market is estimated to be valued at US$ 1,919.1 Mn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Waterjet cutting machines use a very fine jet of water traveling at high pressure to cut or work on various types of material. They are effective for cutting hard, brittle and heat-sensitive materials like ceramic, stone, glass, composites and some metals while retaining the material properties. Waterjet cutting does not produce heat and hence negates fire or burning hazards. This makes it widely used for applications requiring clean and precise cutting of intricate shapes. Various industries like aerospace, automotive, electronics, stone processing and shipbuilding employ waterjet cutting for precision applications.

Market key trends:
Increasing demand for precision cutting from several industries like aerospace, electronics and medical devices is a key trend driving the growth of waterjet cutting machine market Precision is of utmost importance in these industries for manufacturing intricate components and machined parts. Waterjet cutting is ideal for precision cutting of sheet metals, composites and plastics used in these industries. Growing application of waterjet cutting for stone processing is another major trend since it enables clean and intricate cutting of granite, marble and other stone materials used in construction, architecture and decorative applications. Technological advancements in multipurpose waterjet cutting machines with increased automation and integration of robotics is also boosting the market growth by facilitating faster and precise cutting of complex shapes.
Porter's Analysis

Threat of new entrants: Low capital requirements and technical knowledge to enter the waterjet cutting machine market pose low threat of new entrants. However, established players have strong brands and supply chain networks.

Bargaining power of buyers: The bargaining power of buyers is moderate due to standardization of products and availability of numerous players. However, differentiated product offerings along with aftermarket services provided by leading players increase switching costs.

Bargaining power of suppliers: The bargaining power of suppliers is low as key raw materials such as compressors and pumps are easily available from multiple global sources.

Threat of new substitutes: There exists low threat from substitutes such as laser cutting as waterjet cutting offers cost advantages for cutting wide range of materials without imparting heat.

Competitive rivalry: The competitive rivalry in the global market is high owing to presence of numerous regional and global players offering wide portfolio of products.

Key Takeaways

The global waterjet cutting machine market is expected to witness high growth, exhibiting CAGR of 9.0% over the forecast period, due to increasing demand from diverse industries like automotive, electronics, aerospace and defense.

Regional analysis: North America dominates the global market and is expected to exhibit the fastest growth during the forecast period owing to large presence of well-established OEMs and increased aerospace and defense expenditure in the US and Canada. Asia Pacific is anticipated to grow at a significant rate during the forecast period with China, Japan and India being the major markets in the region.

Key players: Key players operating in the waterjet cutting machine market are WARDJet, STM Stein-Moser GmbH, International Waterjet Machines, Sugino Machine Limited, OMAX Corporation, Jet Edge, Inc., Caretta Technology s.r.l., DARDI International Corporation, TrennTek GmbH, PTV, spol. s.r.o., Semyx, LLC, Foshan Yongshengda Machinery Co., Ltd., Plasma Automation Inc. (VICON), KMT Waterjet, Hypertherm Inc., AKS Cutting Systems, A Innovative International Ltd., Metronics Technologies S.L., Hornet Cutting Systems, Water Jet Sweden, Koike Aronson, Inc., CMS Industries, and TECHNI Waterjet.