Global Waterjet Cutting Machines Market to Register a CAGR Growth of 8.9% throughout 2024

Global Waterjet Cutting Machines Market to Register a CAGR Growth of 8.9% throughout 2024

Manufacturers in the global waterjet cutting machine market are focusing on strengthening their supply chain, particularly in regions such as Asia Pacific and Europe. Key market players are also concentrating on strategic mergers and acquisitions with other players in order to increase global reach and enhance their product offerings. North America, Europe and Asia Pacific are expected to remain the key regions in the global waterjet cutting machine market, both from the supply side as well as the demand side in the next eight years. India, South Korea and China will provide significant opportunities in the global waterjet cutting machine market over the forecast period. These are some of the key findings from a new publication by Persistence Market Research titled “Waterjet Cutting Machine Market: Global Industry Analysis and Forecast, 2016-2024”.

Global Waterjet Cutting Machine Market – Regional Lifecycle Analysis

Asia Pacific and Latin America are at the growth stage of the product lifecycle. Currently, the penetration of waterjet cutting machine systems is increasing due to a rising number of applications of waterjet cutting in end use industries such as automotive, medical, and electronics

North America had the maximum installation of waterjet cutting machines globally in 2015. However, the acceptance of advanced waterjet technology such as robotic waterjet cutting machines has been increasing in high precision industries such as aerospace, defense, electronics, and automotive. The North America waterjet cutting machine market will start maturing after 10 years

In Europe, waterjet cutting is a cold cutting process that is extensively used in medical and aerospace applications. Further, 5-axis gantry robots and 6-axis articulated arm robots with waterjets are used increasingly in the automotive industry

For the eight year forecast of the global waterjet cutting machine market, various macroeconomic factors and changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast include the size of the current market, inputs from the supply side and the demand side and other dynamics shaping the scenario of the market. In the compilation of the report, the forecasts are conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting the client with crystal clear insights and future opportunities likely to emerge in the global waterjet cutting machine market.

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