Abrasive Waterjet Cutting Machine Market Size

Abrasive Waterjet Cutting Machine Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The abrasive waterjet machine market is valued at $1.19 billion in 2023, and is projected to reach $2.29 billion by 2032, indicating a CAGR of 7.43% from 2024 to 2032. The demand for advanced cutting technology in various industries, such as aerospace, automobiles and other manufacturing industries, is increasing due to the need for precision and high efficiency. The abrasive waterjet machine has the ability to cut various materials without heat distortion, which is an important advantage for manufacturers to improve productivity and reduce scrap. The waterjet cutting system has made significant technological advances, such as the integration of automation and the improvement of software, which has greatly improved the efficiency of the system. In addition, the increasing awareness of sustainable manufacturing has driven industries to adopt waterjet cutting technology with low environmental impact. The market leaders, such as Omax, KMT, Flow, are launching new products, establishing strategic cooperation, and striving to expand their market share. These efforts not only increase the competitiveness of these companies, but also promote the development of the abrasive waterjet machine market.

Regional Market Size

Regional Deep Dive

The Abrasive Waterjet Cutting Machine Market is growing at a fast pace across the globe, owing to the advancement in technology, increasing demand for precise cutting, and the versatility of waterjet systems in various industries. In North America, the market is characterized by the presence of major manufacturers and a strong industrial base, while in Europe, the market is characterized by the innovation in eco-friendly cutting technology. The Asia-Pacific region is rapidly adopting waterjet cutting solutions, especially in China and India. The Middle East and Africa region is characterized by increasing investment in the development of the economy, which has pushed the demand for waterjet cutting machines. The Latin American market is slowly adopting the use of these machines, as industries are undergoing modernization and are looking for more efficient production methods.

North America

• The North American market is dominated by the presence of large companies such as Flow International and Omax, which are constantly improving the performance of the machines and reducing operating costs.
• The compulsion to make a production as clean as possible has led to a growing interest in waterjet cutting, which produces a lower level of waste than other cutting methods.
• In the United States, the abrasive waterjet is used more and more in the manufacture of complex parts for the automobile and aeronautical industries.

Europe

• Among the most important developments in recent years has been the increasing demand for eco-friendly cutting technology. Leading manufacturers of waterjet machines, such as KMT Waterjet Systems, have developed systems that are energy-efficient and fully compliant with the most demanding European regulations.
• In the framework of the European Union's program for the development of advanced manufacturing technologies, Horizon 2020, a major support is given to the development of waterjet cutting.
• Germany and Italy have already adopted water jet cutting in the metalworking and stone industry, which is expected to improve the productivity and accuracy of these industries.

Asia-Pacific

• China and India, for instance, are industrializing rapidly, and the demand for abrasive waterjet cutting machines is growing rapidly. This has resulted in local manufacturers like WardJet and HGG Group expanding their production capacity to meet this demand.
• The government's Make in India initiative is a good example. It is encouraging the use of advanced cutting methods such as waterjet cutting to enhance production capabilities.
• In the same region, automation in the production process is also on the rise, with waterjet cutting machines being incorporated into automatic production lines, thus increasing efficiency and reducing costs.

MEA

• In the Middle East, especially in the United Arab Emirates and Saudi Arabia, there is a building boom, and the demand for waterjet cutting technology in the construction and architectural industries is increasing.
• It is therefore important for local industries to adopt the latest manufacturing technology. One such company is Al Jazeera Steel Industries, which has embraced waterjet cutting to improve its product range and productivity.
• In the framework of the regulations for sustainable manufacturing, waterjet cutting is favoured, because it is an environment-friendly method of cutting.

Latin America

• Latin America is gradually developing, with Brazil and Mexico investing in the latest manufacturing techniques, such as abrasive waterjet cutting, to strengthen their industrial capacity.
• Local manufacturers are beginning to appreciate the many advantages of waterjet cutting for metal fabrication and stone cutting, which has led to its increased use in different fields.
• The new government program of reviving the manufacturing industry is expected to spur demand for advanced cutting technology, such as waterjets, as industries modernize and increase efficiency.

Did You Know?

“The abrasive waterjet can cut materials up to twelve inches thick, and is thus one of the most versatile of all cutting processes.” — Waterjet Technology Association

Segmental Market Size

Abrasive waterjet cutting machines are a key part of the market, and the market is growing steadily, due to the versatility and precision in cutting various materials. The growing demand for precision in industries such as aeronautics and automobiles, as well as the growing automation of production processes, are also important drivers. Regulations aimed at reducing waste and improving safety standards also support the segment’s growing importance in modern manufacturing.

The abrasive waterjet cutting method is now in its maturity period. The two main leaders are the Omax Co., Ltd. and the Kmt Waterjet Co., Ltd. The main application areas are metal cutting, stone cutting and glass cutting, where high precision and low heat distortion are required. The trend of promoting sustainable development and green manufacturing has further accelerated the development of waterjet cutting, which is well known for its low waste. The latest developments in CNC automation and the cutting path optimization of the waterjet cutting process are expected to meet the needs of modern manufacturing.

Future Outlook

The abrasive water jet machine market is expected to grow from $1.19 billion in 2023 to $2.29 billion in 2032, at a CAGR of 7.43%. This growth is driven by the growing demand for precision cutting in various industries such as the aviation, automobile and manufacturing industries. The use of abrasive water jet cutting technology is expected to increase, with penetration rates in the key industries reaching about 25% by 2032 from about 15% in 2023. This is mainly due to the ability of abrasive water jet to cut a wide variety of materials without heat damage, which is attractive to manufacturers. manufacturers want to reduce product defects and waste.

The integration of automation and artificial intelligence into waterjet cutting systems is expected to propel market growth. These technological advancements will not only increase the operational efficiency of waterjet cutting systems but also enable real-time monitoring and preventive maintenance, thereby reducing downtime and maintenance costs. Meanwhile, the growing demand for sustainable manufacturing is expected to drive the adoption of waterjet cutting systems. Also, the development of new abrasives and the development of hybrid cutting systems are expected to have a positive impact on the market. The key to success in the abrasive waterjet cutting machine market is for the players to remain agile and respond to these trends.