2014-04-11 10:15:04 - Global Waterjet Machine Market 2014-2018 - a new market research report on companiesandmarkets.com
The Global Waterjet Machine market is forecast to grow at a CAGR of 9.30 percent over the period 2013-2018. One of the key factors contributing to this market growth is the need for machining materials of any kind. The Global Waterjet Machine market has also been witnessing an increasing entry barrier to the market. However, the high cost of waterjet machines could pose a challenge to the growth of this market.
The key vendors dominating this market space are Flow International Corp., OMAX Corp., and Dardi International Corp.
Other vendors mentioned in the report are, Bystronic Inc., Huffman Corp., Jet Edge Inc., KMT Waterjet Systems Inc., PowerJet Systems Ltd, Resato International BV, and Waterjet Corporation S.r.l.
Over the past few years, the
competition among the vendors in the Global Waterjet Machine market has intensified rapidly. This has resulted in price wars, which constitute a major entry barrier for new players. Further, the increased economic activity in Brazil, Russia, India, China, South Africa, and other rapidly growing economies is expected to result in increased investment in the development of new manufacturing processes. Therefore, several major players in the market are planning to increase their presence in these countries to increase their market shares. Other players are reducing the prices of their products to increase their market shares. The need for considerable technical expertise and significant initial investments are other entry barriers that discourage new players from entering the market.
One of the major drivers in this market is the need for machining different types of materials - cutting tools for hard materials such as granite and metals, for soft materials such as foam and paper, and even for food. For instance, plasma, laser cutting machines and EDMs can be used as an effective cutting machine but cannot be used for long hours owing to the considerable amount of heat that they generate.
Further, one of the major challenges in this market is the high cost of waterjet machines. In addition to the high initial investment required to install these machines, the cost involved in training personnel to operate these machines is also high.
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