San Jose, CA (PRWEB) October 23, 2012
Follow us on LinkedIn Acclaimed for their versatility and flexibility, waterjet cutting machines are extensively used in several industries such as automotive, marine, mining, and construction, among others. Featuring the capability to cut, strip, demolish and clean both hard as well as soft materials with high level of precision, waterjet cutting machines find application in a multitude of small scale as well as large scale production environments. Furthermore, research activity in the field of Ultra High Pressure (UHP) water cutting technology is facilitating the incorporation of latest technological advancements thereby fuelling the expansion of waterjet cutting technology into newer application areas. For instance, latest developments such as the introduction of robotic waterjets that flaunt increased efficiency in comparison to conventional waterjets are gaining increased adoption.
Aerospace, semiconductors, dentistry, medical, biotechnology and electronics are among the various industries increasingly adopting the waterjet cutting technology. Additionally, increasing usage of composite materials across various industries is also driving the growth of waterjet cutting machines market given their capability to adeptly cut electronic composites and substrates. Growth in the global waterjet cutting machines market will also be driven by cost benefits the technology offers in comparison to conventional cutting technologies. For instance, waterjet cutting technology works out to be more economical than laser cutting technology by facilitating a reduction in both operational as well as electricity cost. Furthermore, in a world of increasing focus on protecting the environment, waterjet cutting machines exactly fit the bill as they are more environmental friendly and do not produce any hazardous vapors, liquids or materials as is the case with conventional cutting technologies. Growth in the market will also emanate from replacement demand in mature markets such as the US where the technology has gained significant adoption over the past few years.
While the world market continues to make a steady recovery from the 2007-2009 recession encouraged largely by the refocus of manufacturing companies on increased productivity, capacity enhancements and re-channelizing investments for global competitiveness, the market in Europe is running into fresh set of challenges created by the regions ongoing sovereign debt crisis. Highlighting the toll taken by the debt crisis on the regions manufacturing sector is the Purchasing Managers Index (PMI), a true barometer of the manufacturing and services activities in the region. The PMI readings mirror a below 50 reading for the 13th consecutive time, reflecting the continuous slowdown in the manufacturing sector in the Eurozone. PMI in Germany, the engine of the Eurozone, was pegged at just 44.7 points indicating the inability of the country to support growth of the Eurozone. Concerns over the economic growth and stability of Germany and France, often termed as the engine of the Eurozone, continues to unsettle the market. For instance, although Germany to date has been dodging the prospect of slipping into recession, the Eurozones largest economy is showing signs of slowing down with forecasts predicting a 0.1% to 0.2% contraction in economic growth for the last quarter of the year 2012.
For a market which pins future growth prospects on medium to long term health of the economy, the current scenario is throwing the European waterjet cutting machine into a state of sustained uncertainty. With Europe now engulfed in a crisis of confidence, the scenario in itself is dragging down growth patterns. The outlook for Europe remains overshadowed by the economic drag exerted by the deleveraging process underway in the regions private, public and financial sector. With numerous factors still continuing to threaten capital expenditure in manufacturing industries in debt affected economies, demand growth for waterjet cutting machines is treading the tight rope.
As stated by the new market research report on Waterjet Cutting Machines, the US represents the largest regional market worldwide. Asia-Pacific represents the fastest growing market with revenues from the region projected to wax at a CAGR of 10.4% over the analysis period. Growth in the Asia-Pacific region is projected to be driven by the regions rapid pace of development and industrialization.
Leading global players operating in the market include Bystronic Group, Dardi International Corporation, ESAB Cutting Systems, Flow International Corporation, Huffman Corporation, Jet Edge, Inc., KMT Group AB, KMT Waterjet Systems, Inc., Omax Corporation, Nuclear Engineering Services, Resato International BV, Water Jet Sweden AB, Waterjet Corporation S.r.l, and WARDJet Inc., among others.
The research report titled Waterjet Cutting Machines: A Global Strategic Business Report announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, trends & issues, product overview, product introductions/innovations, profiles of major players, and recent industry activity. The report provides market estimates and projections in value for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan and Rest of Asia-Pacific), Middle East and Latin America. End-use segments analyzed include Automotive, Stone & Tiles, Job Shops, Aerospace and Defense, and Others.
For more details about this comprehensive market research report, please visit
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
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