The influence of the green movement, worldwide, is forcing manufacturers to use eco-friendly technologies for metal cutting processes, which will reduce the emission of toxic gases and waste/mud generated by manufacturing industries. The adoption of water jet cutting machines (WJCMs) can reduce such emissions. Moreover, the mixture of abrasives and water, which is generated after the cutting process, can be filtered, and 60% of it can be re-used during the cutting process.
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Water jet cutting machine consumables find application in several industries such as automotive, metal cutting, ceramics, and electronics. A study by PMR on the water jet cutting machine consumables market concludes that, the market is anticipated to reach a valuation of US$ 3.1 Bn by the end of 2030, expanding at a decent CAGR of 5 % over the forecast year (2020–2030).
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Key Takeaways of Water jet Cutting Machine Consumables Market Study
- The use of laser/plasma cutting machines will reduce, to be replaced by more environmentally-friendly water jet cutting machines.
- Water jet cutting machines decrease the dependency on manpower in metal cutting industries, and this factor is indirectly helpful for the consumables market, owing to the accuracy and efficiency of these machines.
- Metal fabrication is anticipated to progress at a relatively high CAGR during the forecast years. This can be attributed to the higher demand for water jet cutting machines in manufacturing and fabrication industries. This growth remains crucial for the progress of the global WJCM consumables market.
- Abrasives are anticipated to remain relatively popular with the use of water jet cutting machine consumables due to their varied benefits over others.
- Numerous water jet cutting machine manufacturers are focusing on the development of innovative consumables and software that are economical and adhere to the latest developments, and thus deliver high-speed performance with increased productivity.
- With a slowdown in manufacturing activities across the world due to the Covid-19 pandemic, the demand for water jet cutting machines will see a dip in the near term, thereby impeding market growth to a certain extent.
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