Waterjet Cutting Machinery Market Progresses for Huge Profits During 2024
In
2015, Flow International Corporation, Water Jet Sweden AB, DARDI
International Corporation, and WARDjet, Inc., had taken up close to
34.8% of the global waterjet cutting machinery market in terms of
value. The future of the global waterjet cutting machinery market in
terms of its competitive landscape is likely to be tough for all
owing to the consolidatory activities undertaken by leading players
in terms of forward integration and the provision of comprehensive
waterjet cutting solutions.
Report
Overview :
According
to the report published by leading market intelligence agency
Transparency Market Research, the global waterjet cutting machinery
market is expected to experience a very low rate of increase in the
influx of new entrants, primarily due to the high costs associated
with the installation and maintenance of waterjet cutting machinery.
At the same time, buyers are also often reluctant to switch between
players due to high switching costs. The global waterjet cutting
machinery market is expected to reach US$1.66 bn by the end of 2016.
The market’s revenue is estimated to expand at a CAGR of 8.1%
during the forecast period from 2016 to 2024, and is likely to reach
US$3.11 bn by the end of 2024.
Growing
Number of Manufacturing Processes Builds Momentum for Incorporation
of Waterjet Cutting Machinery
“Waterjet
cutters are highly precise machines and can get the job done in much
shorter times than conventional cutting machinery. At the same time,
they are much more environmental friendly in terms of emissions and
power consumption and do not leave an output of heat, dust, or smoke.
Water being the key raw material used for cutting, makes waterjet
cutters extremely economical in terms of procurement of raw materials
as well, a highly positive fact for several manufacturing companies.
All of this falls perfectly in place with the currently booming rate
of activities within the global manufacturing industry verticals.
With China, the U.S., India, and several other nations poised to
significantly ramp up their industrial processes, there is a very
positive role that the global waterjet cutting machinery market can
play in all of this,” states a TMR analyst.
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