Waterjet Cutting Machine Market Worth $1,248.0 Million by 2023 - Seite 2

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APAC accounted for largest share of waterjet cutting machine market in 2017 

APAC accounted for the largest share of the waterjet cutting machine market in 2017, followed by North America and Europe. This market in APAC is also expected to grow at the highest CAGR during the forecast period. The growth of the market in APAC is driven by the expansion of the metal fabrication and automotive industries, coupled with the growing machine manufacturing industry, in India and China, among others. The efforts by the Government of India to strengthen the country's manufacturing industry through its "Make in India" initiative is likely to propel the demand for waterjet cutting machines in the next few years. This initiative focuses on 25 sectors, which include automobiles, aerospace, and railways and electrical machinery; it aims to facilitate investments, build high-class manufacturing infrastructure, and foster innovation in the country.

The leading players in the waterjet cutting machine market are Colfax Corporation (US), Lincoln Electric Holdings, Inc. (US), Flow International (US), Koike Aronson (US), Omax Corporation (US), KMT Waterjet (US), Hornet Cutting System (US), A Innovative International (India), and Semyx (US).

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