USD 307.21 million growth in Waterjet Cutting Machines Market
NEW YORK, Nov. 25, 2021 /PRNewswire/ — The waterjet cutting machines market is expected to grow by USD 307.21 million from 2020 to 2025. Technavio’s latest market research report estimates that the waterjet cutting machines market will be progressing at a CAGR of 5.36%. A Innovative International Ltd., Colfax Corp., Dardi International Corp., Guangzhou Sino Achieve Mechanical Equipment Co. Ltd., Hornet Cutting Systems, Hypertherm Inc., Koike Aronson Inc., Optomec Inc., Semyx Cutting Solutions, and Shape Technologies Group Inc. are some of the major participants for waterjet cutting machines market.
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Waterjet Cutting Machines Market 2021-2025: Drivers & Challenges
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The increasing focus on automating the metal cutting process, high accuracy and efficiency required for cutting exotic materials, and the increasing demand from the automotive industry will offer immense growth opportunities. However, the high initial cost of implementation will hamper the market growth.
To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Waterjet Cutting Machines Market 2021-2025: Scope.
The report also covers the following areas:
Waterjet Cutting Machines Market 2021-2025: Segmentation
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End-user
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Application
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Geography
Waterjet Cutting Machines Market 2021-2025:Key Regions & Revenue Generating Segment
33% of the waterjet cutting machines market growth will originate from North America during the forecast period. US and Canada are the key markets for waterjet cutting machines in North America. Factors such as the automotive industry in the US transitioning into the mature phase are accelerating the waterjet cutting machines market growth in North America.
The waterjet cutting machines market share growth by the metal fabrication segment will be significant for revenue-generating. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the waterjet cutting machines market size.
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Waterjet Cutting Machines Market 2021-2025: Key Highlights
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CAGR of the market during the forecast period 2021-2025
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Detailed information on factors that will assist waterjet cutting machines market growth during the next five years
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Estimation of the waterjet…
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