DUBLIN--(BUSINESS WIRE)--The "Waterjet Cutting Machine Market by Product Type (3D, Micro, and Robotic), Application (Glass/Metal Art, Fiberglass Cutting, Foam Product Cutting), Industry (Automotive, Machine Manufacturing, Medical Devices), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The waterjet cutting machine market is expected to grow from USD 921.7 million by 2018 to USD 1,248.0 million by 2023, at a CAGR of 6.25% during the forecast period.
The market is expected to witness significant growth in the future due to its multiple application areas for these machines in the end-user industries such as steel, automobile, construction, manufacturing, and metal. The global waterjet cutting machine market is driven by the growth in demand for steel in various industries, especially in automobile, oil & gas, and energy industries. The market growth is also supported by the high demand from the Asian metal and metal-manufacturing industries. High total cost of ownership and requirement of technical know-how are the factors restraining the growth of this market.
The market in APAC is expected to grow at the highest CAGR from 2018 to 2023. The growth of the market in APAC is driven by the expansion of the metal fabrication and automotive industries, coupled with the growing machine manufacturing industry, in India and China, among others. In addition to this, the growing population in these countries presents enormous growth opportunities for the construction industry, which is a prominent end user of waterjet cutting machines.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Waterjet Cutting Machine Market, By Product Type
7 Waterjet Cutting Machine Market, By Application
8 Waterjet Cutting Machine Market, By Industry
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Colfax Corporation
- Lincoln Electric Company
- Flow International
- Omax Corporation
- KMT Waterjet
- Hornet Cutting Systems
- A Innovative International Ltd.
- Koike Aronson
For more information about this report visit https://www.researchandmarkets.com/research/fhflt9/waterjet_cutting?w=4