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Research Reports

Recent Research: Waterjet Cutting Machine Consumables Market Is Expected To Grow At A CAGR Of 4.8% By 2021 to 2031:Persistence Market Research

 

 

Global waterjet cutting machine consumable sales are set to be valued at over US$ 1.8 Bn in 2021, with stable long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at 4.8% CAGR from 2021 to 2031. Growing prominence for waterjet cutting machines has led to heightened demand for waterjet cutting machine consumables

Rapid technological advancements are also projected to complement market growth over the coming years. Demand for waterjet cutting machine consumables waned in 2020 due to the COVID-19 pandemic. However, the market is in a recovery mode, which bodes well for the sales of these consumables in future. Considering the possibility of a stimulus in many countries, long-term outlook on the market remains positive.

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With flexible production being in demand, autonomous handling systems and robots are expected to adapt to changing requirements faster. Besides, those moving around with “domain+” skills would be on the top of the recruiters’ agenda.

Augmented reality solutions are being asked for IoT functionality is capable of tracking and evaluating production quotas, expanding control rooms, and creating various models related to predictive maintenance. Industry 4.0 workforce would, indeed, be complementing robotics. Persistence Market Research is endowed with expertise herein in the form of consultants and analysts.

Key Takeaways from Market Study

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 Competitive Landscape

The market is moderately consolidated, with key players accounting for more than half of the market share. Prominent market players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. 

Some of the key players in this industry are Kennametal Inc., Flow International Corporation, OMAX Corporation, CERATIZIT S.A., GMA Garnet Pty. Ltd., Wardjet Inc., Hypertherm Inc., TECHNI Waterjet, Jet Edge, Inc., KMT Waterjet, ALLFI AG, Opta Minerals Inc., Kimblad Technology AB, H2O Jet, Oskar Moser Technische Edelsteine GmbH, Diamond Technology Innovations, Inc.,   WSI Waterjet System International, Barton International Inc., and Hammelmann.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/18646

 

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