Waterjet cutting services used waterjet machines which use water as the main factor to cut materials. According to New Market Research Report the Waterjet Cutting Machine Market will be worth $1.2M by 2023. The waterjet cutting machine market was valued at USD 861.4 million in 2017. It also states that market is expected to grow from USD 921.7 million in 2018 to reach USD 1,248.0 million by 2023, at a CAGR of 6.25% between 2018 and 2023.
Waterjet cutting is used in many hard and soft applications such as: glass, metals, composites, insulation and stone. The benefit that it provides is its ability to cut a material without generating heat that may cause harm to it. South of the border there is a huge market for hurricane glass cutting in the automotive industry is expected to boost the growth of the waterjet cutting machine market during the forecast period. Waterjet cutting is also used from commpanies who provide prototype development type applications.
Additionally, the factors such as the rise in infrastructural expenditure, growing population, and increased consumer spending are the main drivers for the waterjet cutting machine market. There is also a large increase in both fabrication and automotive companies. 3D Waterjet cutting machines are to hold the largest portion of the upcoming market and glass and metal will account will account for the top materials used.
Here at BP Precision we provide waterjet cutting services for Edmonton, Alberta and beyond. We stock the following material for immediate on demand rush service:
Carbon Steel 44W/50W/QT100
Stainless Steel Plates 304/316
For more information contact us today.