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NEW YORK , July 28, 2021 /PRNewswire/ -- Global waterjet cutting machine consumable sales is set to be valued at over US$ 1.8 Bn in 2021 and is expecting at 4.8% CAGR from 2021 to 2031, as per a new industry study by Persistence Market Research.

Growing prominence for precision cutting & micromachining has revolutionized the fabrication industry which has led to heightened demand for waterjet cutting machine consumables. Abrasive Waterjet Cutting remains the technology of choice in various manufacturing processes which demands for significant machine consumables & this is projected to complement market growth over the coming years.

Demand for waterjet cutting machine consumables waned in 2020 due to the COVID-19 pandemic. However, the market is in a recovery mode, which bodes well for the sales of these consumables in future. Considering the possibility of a stimulus in many countries, long-term outlook on the market remains positive.

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Key Takeaways from Market Study

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"Rising demand from abrasive waterjet cutting applications for various end-use industries in recent years is expected to provide impetus to waterjet cutting machine consumable sales," says a Persistence Market Research analyst.

The market is moderately consolidated, with key players accounting for more than half of the market share. Prominent market players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry are Kennametal Inc., Flow International Corporation, OMAX Corporation, CERATIZIT S.A., GMA Garnet Pty. Ltd., Wardjet Inc., Hypertherm Inc., TECHNI Waterjet, Jet Edge, Inc., KMT Waterjet, ALLFI AG, Opta Minerals Inc., Kimblad Technology AB, H2O Jet, Oskar Moser Technische Edelsteine GmbH, Diamond Technology Innovations, Inc.,   WSI Waterjet System International, Barton International Inc., and Hammelmann.

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The research report analyzes demand for waterjet cutting machine consumables. The global market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background.

As per Persistence Market Research's research scope, the market has been analyzed on the basis of product, application, end use, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies'/clients' shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.

Rajendra Singh Persistence Market Research U.S. Sales Office: 305 Broadway, 7th Floor New York City , NY 10007 +1-646-568-7751 United States USA - Canada Toll-Free: 800-961-0353 Email: [email protected]   Visit Our Website: https://www.persistencemarketresearch.com

SOURCE Persistence Market Research Pvt. Ltd.

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