Waterjet Cutting Machinery Market
Waterjet Cutting Machinery Market: Segmentation
The segmentation of the waterjet cutting machinery market is done on the basis of technology, application, and region. Based on the technology, the waterjet cutting machinery is categorized into pure waterjet cutting machine and abrasive waterjet cutting machine. On the basis of application, the market is segmented into automotive, aerospace, mining and metals, electrical and electronics manufacturing, and other manufacturing sectors. Geographically, the waterjet cutting machinery market is diversified into regions such as Asia-Pacific, Europe, North America and Rest of the World.
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Waterjet Cutting Machinery Market: Growth Factors
The key advantages for using waterjet cutting machinery are: it is able to cut any material such as copper, aluminum, ceramic, stone, mild stone, brass, glass, and quartz; during the cutting process no dust or harmful particles are emitted and it can cut materials of any shape. The another advantage of using waterjet cutting machinery is that it cuts the materials without producing excess heat, hence useful in cutting heat-sensitive materials such as textiles, leather, composites, stone, metals, paper, rubber, foam, plastics, tile, glass, food, and other materials. The growth of the automobile industry has driven the global market of waterjet cutting machinery. Some of the other factors that are driving the market growth are the high amount of fragmentation in metal working industry, manufacturing industry automation, and the government initiatives to promote the small scale industries. The factor that hampers the waterjet cutting machinery market growth is the high utilization of water and its availability.