The global waterjet cutting machinery market features a consolidated yet competitive vendor landscape, reveals Transparency Market Research (TMR) in a new research report. Vis-à-vis revenue, top shots namely Flow International Corporation, DARDI International Corporation, WARDjet Inc., and Water Jet Sweden held close to 34.8% of the overall market in 2015. The dominance of some top shot companies is mainly because of consolidated initiatives undertaken and capability to provide comprehensive waterjet cutting solutions.

ESAB Group, KMT Waterjet Systems Inc.,  Manufacturers Supplies Company, Bystronic Laser India (Pvt.) Ltd., Waterjet Corporation s.r.l. BFT GmbH, Jet Edge Inc., Uhde High PRESSURE Technologies GmbH, PressureJet Systems Pvt. Ltd., OMAX Corporation, Resato International BV, NLB Corp., MD Corporation, A Innovative International Ltd, Waterjet Corporation s.r.l, TECHNI Waterjet, Hypertherm Inc., OH Precision Corporation, WSI Waterjet Systems International, and Hughes Pumps Ltd are to name some other leading companies in the global waterjet cutting machinery market.

According to the TMR report, the global waterjet cutting machinery market is predicted to be valued at rise at a CAGR of 8.30% between 2017 and 2024.

Exponential Growth of Manufacturing Sector Propels Market

First and foremost, increasing industrial manufacturing activities is driving the waterjet cutting machinery market. Presently, industrial manufacturing is rising at an unprecedented pace due to incessantly increasing demand from consumers. Technological advancements along with higher precision are boosting manufacturing activities.

High level of precision and high efficiency of waterjet cutters account for their increasing uptake over conventional cutting machinery. Waterjet cutting machines can perform complex jobs with a high degree of precision with elimination of dust, smoke, and heat. As water is the key substance used for cutting, waterjet cutters are extremely economical for industrial use. With both developed as well as developing economies poised to revamp their industrial processes, the adoption of waterjet cutting machinery is expected to be on the rise.

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Apart from this, waterjet cutting machines are highly automated that helps to give high quality finish to the cut. As waterjets are computer-driven, this eliminates the need of a highly skilled operator. Not only this, operator can handle waterjet machine operation with the help of an integrated computer software even in the absence of adequate knowledge about the machinery. Waterjet machine makes high quality cuts due to the process by which the material was abraded. The cuts exhibit sand blasted finish which reduces the need to perform another finishing process thereby reducing cost.

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Risk of Injury to Personnel Challenges Growth

On the flip side, high cost involved in the maintenance of waterjet cutters is a bottleneck to this market’s growth. The usage of different components of a waterjet cutting machine over a period could increase the maintenance cost substantially. At certain locations, water treatment may be required as hard water can damage the machine. Also, water gushed at high pressure can cause wear and tear in different components such as water nozzles and mixing chambers. The replacement of these components is expensive as different types of high-value materials such as diamonds, rubies, and sapphires are used to create the high-pressure waterjet.

Concerns of worker’s safety is challenging the adoption of waterjet cutting machinery. The high pressure through which water gushes in the machine can easily cut human body parts such as fingers. Workers need to maintain safe distance while the machine is in operation. Eye protection is important to avoid the occasional splash of water with abrasives mixed in it.