Global Abrasive Waterjet Cutting Machine Market by Product, Analysis and Outlook to 2025
Market Snapshot
Abrasive waterjet cutting machines are designed for various applications such as exotic metal & non-traditional material cutting, glass/metal art, ceramic/stone cutting, gasket cutting, fiberglass cutting, and foam product cutting. The abrasive waterjet cutting machine is used to accurately and precisely cut metal parts in manufacturing industries. The global abrasive waterjet cutting machine market is estimated to witness 8.5% CAGR during the forecast period, 2019–2025. The rise in the demand and sales of automobiles, increasing need for precise and accurate cutting of parts and components, growing industrial sector in emerging economies, and rising adoption of abrasive waterjet cutting machines in various end-use industries is further expected to drive the growth of the global abrasive waterjet cutting machines market during the forecast period.
Competitive Dashboard
Some of the major players profiled in the report are Newgen Software Technologies Ltd (India), Lexmark International, Inc. (U.S.), Dell EMC Corporation (U.S.), IBM Corporation (U.S.), Alfresco Software (U.K.), Oracle Corporation (U.S.), Microsoft Corporation (U.S.), Hyland Software Inc. (U.S.), Opentext Corporation (Canada), and Xerox Corporation (U.S.).
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Market Synopsis
The limited awareness, lack of skilled workers, high costs associated with abrasive waterjet cutting machines, and high maintenance costs of abrasive waterjet cutting machines are factors that are expected to hamper the market growth during the forecast period. However, the growing use of automation for monitoring abrasive waterjet cutting machines condition, technological advancement in abrasive waterjet cutting machine, rising automatic machine operations, and broad scope in emerging economies create opportunities for the expansion and growth of the market.
The limited awareness, lack of skilled workers, high costs associated with abrasive waterjet cutting machines, and high maintenance costs of abrasive waterjet cutting machines are factors that are expected to hamper the market growth during the forecast period. However, the growing use of automation for monitoring abrasive waterjet cutting machines condition, technological advancement in abrasive waterjet cutting machine, rising automatic machine operations, and broad scope in emerging economies create opportunities for the expansion and growth of the market.
Market Segmentation:
Moreover, the region is home to one of the largest manufacturing industries for machine tools, automotive, electronics, consumer products, among others, globally. Furthermore, the presence of emerging economies, such as China and India, is also contributing to the market growth. On the other hand, North America is projected to witness significant growth for the abrasive waterjet cutting machine market. Growing investments in the aviation, automotive, and metal cutting, furniture and glass industries and the presence of major market players in the US and Canada, is expected to support the growth of the market during the forecast period. Furthermore, growing investments in developing advanced abrasive waterjet cutting machines, growing end-use industries, and the rising number of construction and infrastructure development projects in North America are expected to drive the demand for abrasive waterjet cutting machine market in this region during the forecast period.
Market Research Analysis
In terms of region, the global market for the abrasive waterjet cutting machines is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to hold the largest share in the abrasive waterjet cutting machine market during the forecast period owing to the growing foreign direct investments in the manufacturing sector and the developing automotive and construction sectors are expected to increase the demand and sales of abrasive waterjet cutting machine.
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LIST OF TABLES
Table 1 Global Abrasive Waterjet Cutting Machine Market, By Region, 2017–2025
Table 2 North America: Abrasive Waterjet Cutting Machine Market, By Country, 2017–2025
Table 3 Europe: Abrasive Waterjet Cutting Machine Market, By Country, 2017–2025
Table 4 Asia-Pacific: Abrasive Waterjet Cutting Machine Market, By Country, 2017–2025
Table 5 RoW: Abrasive Waterjet Cutting Machine Market, By Region, 2017–2025
Table 6 Global Abrasive Waterjet Cutting Machine Market, By Type, By Regions, 2017–2025
Table 7 North America: Abrasive Waterjet Cutting Machine Market, By Type, By Country, 2017–2025
Table 8 Europe: Abrasive Waterjet Cutting Machine Market, By Type, By Country, 2017–2025
Table 9 Asia-Pacific: Abrasive Waterjet Cutting Machine Market, By Type, By Country, 2017–2025
Table 10 RoW: Abrasive Waterjet Cutting Machine Market, By Type, By Country, 2017–2025
Continued…….
LIST OF FIGURES
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down And Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter's Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Abrasive Waterjet Cutting Machine Market Share, By Type, 2018 (%)
FIGURE 9 Global Abrasive Waterjet Cutting Machine Market, By Type, 2017–2025 (USD Million)
FIGURE 10 Global Abrasive Waterjet Cutting Machine Market Share, By Application, 2018 (%)
Continued…….
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