According to a recently published Fact.MR report, the global waterjet cutting machines industry will experience a CAGR of nearly 5%, topping US$ 1.5 Bn by the end of the 2021-2031 assessment period. According to the study, sales are widening on the back of increased demand for precision based and environmentally sustainable cutting technologies.
From 2016 to 2020, the waterjet cutting machines market experienced steady growth, clocking a CAGR of 4% to surpass US$ 900 Mn by 2020. Amidst the COVID-19 pandemic, prospects declined considerably, especially in the automotive sector, given the sluggish outlook amidst the imposition of lockdowns, combined with a general slowdown in the global landscape prior to the onset of the pandemic.
Manufacturers are expected to find maximum opportunities in the aerospace and defence sector. Studies advocate that global military expenditure surged by 2.6%, reaching close to US$ 2 trillion in 2020, despite reallocating funds to eradicate the pandemic, according to the Stockholm International Peace Research Institute, adding a total GDP average of 2.4% in 2020.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4564
Global Waterjet Cutting Machine Market: In-Depth Assessment on Key Segments
The global waterjet cutting machine market is segmented on the basis of type, application and region.
Type
Application
Region
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4564
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
The U.S is estimated to dominate the global waterjet cutting machine landscape, accounting for a revenue share of 36% from 2021 to 2031. Early are leveraging waterjet cutting machines to curtail the energy consumption and maximize precision of corners, bevels, holes, and shapes.
Demand for pure waterjet cutting machines is expected to be dominant across the U.S until 2031. Applications abound across robotics, food & beverage and tobacco packaging, which is anticipated to propel the regional market over the forecast period.
China is likely to emerge as an opportunistic market. Owing to increasing investment in automotive and manufacturing sectors as well as consistent advent of new technologies, waterjet cutting machine market in China has outpaced other countries.
Mounting industrialization as well as the manufacturing sector will also generate significant growth opportunities in the waterjet cutting machine consumables market. Fact.MR expects the East Asian giant to expand at over 6% CAGR through 2031.
Moreover, the waterjet cutting machine consumables market is backed by growth in construction and metal fabrication industries, thereby the market is likely to gain high traction in the country.
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/4564
“The advent of latest technologies like multi axis waterjet cutting alongside 3D cutting spur global sales of Waterjet cutting machine. However, exceptional high efficiency adds value to market, thereby boosting the demand for Waterjet cutting machine in forthcoming years.” comments a Fact.MR analyst
Read More Trending Reports of Fact.MR – https://www.einpresswire.com/article/557184794/why-are-stick-built-aluminum-curtain-walls-gaining-traction-post-pandemic-check-latest-report-by-fact-mr
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com
Written By
Head Guards Market research Report is an inestimable supply of insightful data for business strategists. This Head Guards Market study provides extensive data which enlarge the understanding, scope, and application of this report. A specified study of the competitive landscape of the global Head Guards Market has allow, providing insights into the corporate profiles, financial position, recent ...
Global extremities reconstruction market to register a significant CAGR growth of 6.1% over the forecast period 2017 to 2022. Revenues from the global market for extremities reconstruction are expected to exceed US$ 2,000 Million by 2022-end. With the growin...
The report offers insight into the Competitive Dynamic in Biobanking Equipment Market which has shaped the major strategies of each player. It also covers recent moves such as partnerships and collaborations, mergers and acquisitions, diversification and research i...
According to the recent research by Fact MR, the endoscope cleaning products market is anticipated to witness 7.8% growth during the forecast period from 2021 to 2031. This noteworthy growth will be experienced due to the high prevalence of endoscopic-related inf...