The Latin America, Middle East and Africa Waterjet Cutting Machine Market would witness market growth of 8.3% CAGR during the forecast period (2021-2027).
The Waterjet technology is gaining popularity as this technology is able to cut different material like composite, glass, metals, and combustible material. To cut up to 10-inch-thick steel plates, the machine uses pure water or a mix of water and abrasive material as the cutting media. In addition, the technology allows for a wide range of functions, such as quick drilling or cutting small details or precision shapes in glass, stone, and metals.
As it is a cold cutting process, Waterjet cutting is becoming one of the highly cost-effective solutions available in the market. Alternative hot cutting processes run the risk of heat zones forming on their parts/fittings, which can cause the parts to deform and become incorrect and useless. With its cool cutting technique, Waterjet readily overcomes this, making the possibilities of a person throwing away material gets minimized.
Latin America, middle-east and Africa are the developing regions. Over time these regions have increased the number of industries and adapted various new technologies. Waterjet cutting machine is also a new-age technology which is being adopted by various regions. As this is a developing region eventually there has been a rise in the number of industries as there are various unemployed people who attract the industries which eventually result in providing the workforce at a minimal price resulting in higher profit for the emerging industries.
Likewise, this Waterjet cutting machine is a new-age technology that requires water for its operation, and the workforce of both of these raw materials is easily available in this region. The key reason behind the growth of the Waterjet cutting machine market is emerging industries which eventually results in the expansion of end-use industries like manufacturing, automobiles, and other sectors. Therefore, these factors are responsible for boosting the growth of this Waterjet cutting machine market in this region during the forecast period.
The Automotive market dominated the South Africa Waterjet Cutting Machine Market by Application 2020, thereby, achieving a market value of $3.8 million by 2027. The Metal Fabrication market is estimated to grow at a CAGR of 8.4% during (2021 - 2027). Additionally, The Electronics market is expected to witness a CAGR of 9.5% during (2021 - 2027).
Based on Type, the market is segmented into Abrasive and Pure. Based on Application, the market is segmented into Automotive, Metal Fabrication, Electronics, Mining, Aerospace & Defense and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Colfax Corporation, Lincoln Electric Holdings, Inc., Omax Corporation (Hypertherm), Flow International (Shape Technologies Group Company), Koike Aronson, Inc. (Koike Sanso Kogyo Co., ltd.), WARDJet (AXYZ Automation Group), TECHNI Waterjet (GMM S.p.A), Hornet Cutting Systems, Water Jet Sweden (Vega Ronneby AB) and Semyx Cutting Solutions.
Scope of the Study
Market Segments covered in the Report:
• Metal Fabrication
• Aerospace & Defense
• Saudi Arabia
• South Africa
• Rest of LAMEA
• Colfax Corporation
• Lincoln Electric Holdings, Inc.
• Omax Corporation (Hypertherm)
• Flow International (Shape Technologies Group Company)
• Koike Aronson, Inc. (Koike Sanso Kogyo Co., ltd.)
• WARDJet (AXYZ Automation Group)
• TECHNI Waterjet (GMM S.p.A)
• Hornet Cutting Systems
• Water Jet Sweden (Vega Ronneby AB)
• Semyx Cutting Solutions
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