Waterjet Cutting Machinery Market: Industry Insights, Trends and Forecast upto 2019 - 2027

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Transparency Market Research (TMR) predicts that the global waterjet cutting machinery market would expand at a CAGR of 7.1% over the period 2019 and 2027. Furthermore, the total value of the market is projected to touch 1,718.5 Mn by the end of 2027. Basic industrial functions have also come under the ambit of the functional waterjet cutting machinery 
The key strengths of waterjet cutting technology are versatility and environmental friendliness. Water which is abundantly available is the key raw material of waterjet technology and hence no other raw material cost is involved. In terms of environmental friendliness, the technology is a cold cutting process and environment friendly unlike laser cutting or plasma cutting. The versatility of cutting any soft or hard material is the key strength of waterjet cutting machines. The technology of this machine includes the cold cutting process and environmental friendly unlike laser or plasma cutting.
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Rising manufacturing activity across the globe
Automation of manufacturing activities has created fourth industrial revolution (4IR) and Industry 4.0 is the new name given to current trend in industrial automation. China which is known as the factory of the world, is increasing using automation technologies to increase its industrial output.
High precision of waterjet cutting machines which very low environmental concerns
Waterjet cutting technology is a cold cutting process and does not create any HAZ so no thermal deformation of materials that are cut and are environmental friendly. These machines can perform minute cutting jobs with a high level of precision and minimum kerf. A kerf is defined as width of a cut made by a waterjet cutting machine. These machines are environmental friendly as they cut materials without producing any heat, dust or smoke like other cutting technologies such as laser cutting or plasma cutting. Water a naturally found material, so no additional cost in sourcing of raw materials. Due to all these factors, globally there is an increasing demand for waterjet cutting machines

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