North America Waterjet Cutting Machine Market (2022-2028) | Size, Outlook, Industry, Share, Growth, Revenue, Forecast, Analysis, Trends, Value & COVID-19 IMPACT

North America Waterjet Cutting Machine Market Synopsis

North America Waterjet Cutting Machine Market is driven by the growing demand from the automotive industry. The automotive industry is one of the largest consumers of waterjet machines, as these machines are used for a variety of applications such as metal Cutting wheel rims Trimming car body parts Cutting composite materials. The other major end-users of waterjet machines in North America include the aerospace & defence, construction & mining, food & beverage, and general manufacturing industries. 

According to 6Wresearch, the North America Waterjet Cutting Machine Market size is expected to grow during 2022-2028. The North America waterjet cutting machine market is expected to grow at a significant rate on account of presence of well-established industries in the region. Moreover, supportive government initiatives are also projected to fuel the regional market growth over the coming years. Moreover, growing applications of waterjet cutting machines in various end-use industries are further expected to stimulate North America waterjet cutting machine market growth.

Waterjet cutting machines are used for a variety of applications such as metal cutting, stone and tile cutting, glass cutting, and food processing. Waterjet machines use a high-pressure stream of water or abrasive particles to cut through materials. Waterjet machines are classified into two types: pure waterjets and abrasive waterjets. Pure waterjets are used for soft materials such as foam and rubber, while abrasive waterjets can cut through hard materials such as metal and stone.

Waterjet machines have several advantages over other traditional methods of cutting, such as laser cutting and plasma cutting. Waterjet machines can cut thicker materials than laser or plasma machines, and they can also cut complex shapes with ease. In addition, waterjet machines are environmentally friendly as they do not produce any hazardous fumes or sparks. This drives the North America Waterjet Cutting Machine Market Revenue.

Increasing demand for the machines from various end-use industries such as automotive, aerospace & defense, stone & ceramic, and metal & machining is expected to drive the market growth over the next eight years.

However, the high cost of waterjet cutting machines is a major restraint for the market growth. Waterjet cutting machines are expensive as compared to other cutting methods such as laser or plasma cutting. This limits their adoption in small and medium-sized enterprises which have limited budgets for capital expenditure.

North America Waterjet Cutting Machine Market Highlights

Report Name	North America Waterjet Cutting Machine Market
Base Year	2021
Historical Period	2018-2021
Forecast Period	2022-2028
Market Size	XXXX
Revenue Forecast	XXXX
Growth Rate	XXXX
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Offerings, By Waterjet, By Product Type, By Industry
Countries Covered	United States, Canada
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Impact of COVID-19 on the North America Waterjet Cutting Machine Market

The Global Waterjet Cutting Machine Market is negatively impacted by the pandemic, as the global economic downturn and the American debt crisis. These factors have led to a decrease in demand for the products, as well as a decrease in prices. This in addition to a fall in the demand for automotive industries all around the globe furthers the impact of the pandemic as it forms the main driver for the Waterjet Cutting Machine industry.

Market Analysis based on Countries

Based on Countries, the US is the largest market for waterjet cutting machines in North America and is expected to continue its dominance during the forecast period. Canada is another major market for waterjet cutting machines in North America and is expected to grow at a significant pace during the forecast period. Mexico is also a key market for waterjet cutting machines in North America and is projected to register healthy growth over the forecast period.

Market Analysis based on Industry

Based on Industry, the automotive industry is one of the major end-users of waterjet cutting machines in North America and accounted for a share of around 35% in 2018. The United States is a leading producer of cars and trucks and is home to some of the major automotive manufacturers such as General Motors, Ford, Chrysler, and Tesla.

The aerospace & defense industry is another important end-user of waterjet cutting machines in North America. The region is home to some of the major aerospace & defense companies such as Boeing, Lockheed Martin, and Northrop Grumman. These companies are involved in the production of aircrafts, missiles, satellites, and other defense products which require precision cutting and machining.

Market Analysis based on Waterjet

Based on Waterjet, the market has been classified into abrasive and non-abrasive. The abrasive segment accounted for a dominant share due to its superior performance as compared to non-abrasive machines. Abrasive jet machines use both water and abrasives such as garnet to cut hard materials such as metals and stone.

Key Players in North America Waterjet Cutting Machine Market

The North America waterjet cutting machine market share is fragmented with the presence of several small and medium-sized manufacturers. The key players in this market include: 

• Flow International Corporation
• KMT Waterjet Systems Inc.
• Omax Corporation
• WARDJet, Inc

These companies together accounted for a share of more than 80% in the North America waterjet cutting machine market in 2015.

Flow International Corporation (U.S.) is a leading manufacturer of advanced cutting systems. The company offers a wide range of products including waterjet pumps, cutting machines, and accessories. It has a strong distribution network spanning across North America with more than 30 authorized distributors. Moreover, the company has a well-established after sales and service support system in place to cater to the needs of its customers.

KMT Waterjet Systems, Inc. (U.S.) is another major player in the North America waterjet cutting machine market. The company provides a complete line of ultra-high pressure waterjet products and services for various industries such as automotive, aerospace & defense, energy & mining, food & beverage processing, job shops & general manufacturing, stone & glass fabrication, and others. It has a strong global presence with sales and service offices located across Europe, Asia Pacific, Middle East & Africa, and South America.

Omax Corporation (U.S.) is one of the leading manufacturers of precision-engineered abrasive waterjet systems. The company offers a wide range of  machines and services that cater to diverse industries such as aerospace & defense, automotive & transportation, construction, electronics & electrical equipment, food & beverage processing, general manufacturing, glass processing, stone & tile processing and others. The company has a well-developed sales network across the U.S., with strong presence in Canada and Latin America through its authorized distributors.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• North America Waterjet Cutting Machine Market Outlook
• Market Size of North America Waterjet Cutting Machine Market, 2021
• Forecast of North America Waterjet Cutting Machine Market, 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Revenues & Volume for the Period 2018 - 2028
• North America Waterjet Cutting Machine Market Trend Evolution
• North America Waterjet Cutting Machine Market Drivers and Challenges
• North America Waterjet Cutting Machine Price Trends
• North America Waterjet Cutting Machine Porter's Five Forces
• North America Waterjet Cutting Machine Industry Life Cycle
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Offerings for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Hardware for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Software for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Services for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Offerings for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Hardware for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Software for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Services for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Offerings for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Hardware for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Software for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Services for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Waterjet for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Abrasive for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Non-abrasive for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Waterjet for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Abrasive for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Non-abrasive for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Waterjet for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Abrasive for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Non-abrasive for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By 3D for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Micro for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Robotic for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By 3D for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Micro for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Robotic for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Product Type for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By 3D for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Micro for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Robotic for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Industry for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Electronics for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Food for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Aerospace for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Metal Fabrication for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Construction for the Period 2018 - 2028
• Historical Data and Forecast of North America Waterjet Cutting Machine Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Industry for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Electronics for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Food for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Aerospace for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Metal Fabrication for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Construction for the Period 2018 - 2028
• Historical Data and Forecast of United States Waterjet Cutting Machine Market Revenues & Volume By Others for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Industry for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Electronics for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Automotive for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Food for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Aerospace for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Metal Fabrication for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Construction for the Period 2018 - 2028
• Historical Data and Forecast of Canada Waterjet Cutting Machine Market Revenues & Volume By Others for the Period 2018 - 2028
• North America Waterjet Cutting Machine Market - Key Performance Indicators
• North America Waterjet Cutting Machine Market - Import Export Trade Statistics
• North America Waterjet Cutting Machine Market - Opportunity Assessment By Countries
• North America Waterjet Cutting Machine Market - Opportunity Assessment By Offerings
• North America Waterjet Cutting Machine Market - Opportunity Assessment By Waterjet
• North America Waterjet Cutting Machine Market - Opportunity Assessment By Product Type
• North America Waterjet Cutting Machine Market - Opportunity Assessment By Industry
• North America Waterjet Cutting Machine Market - Top Companies Market Share
• North America Waterjet Cutting Machine Market - Top Companies Profiles
• North America Waterjet Cutting Machine Market - Comparison of Players in Technical and Operating Parameters
• North America Waterjet Cutting Machine Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• United States
• Canada

By Offerings

• Hardware
• Software
• Services

By Waterjet

• Abrasive
• Non-Abrasive

By Product Type

• 3D
• Micro
• Robotic

By Industry

• Electronics
• Automotive
• Food
• Aerospace
• Metal Fabrication
• Construction
• Others

North America Waterjet Cutting Machine Market: FAQs