Waterjet Cutting Machinery Market: Opportunity Analysis and Industry Forecast upto 2024
Waterjet Cutting Machinery Market: Overview The global waterjet cutting machinery market is primarily driven by the overall increase in activities in the manufacturing sector of several key regions. The market also benefits from the growing need for manufacturing process automation and waterjet cutting requires a lesser need for manual intervention and human guidance, even in terms of secondary finishing. The global waterjet cutting machinery market is expected to reach US$1.66 bn by the end of 2016. The market’s revenue is estimated to expand at a CAGR of 8.1% during the forecast period from 2016 to 2024, and is likely to reach US$3.11 bn by the end of 2024. Obtain Report Details @ http://www.transparencymarketresearch.com/waterjet-cutting-machinery-market.html Demand for Waterjet Cutting Machinery Lies in Job and Machine Shops In terms of applications, the global waterjet cutting machinery market is segmented into job & machine shop, machine manufacturing, exotic metal and non-traditional material cutting, glass/metal artwork, ceramic/stone cutting, fiberglass cutting, gasket cutting, foam product cutting, surgical instrument manufacturing, electronics, slitting operations, and a small percentage of minor applications. Currently, the global waterjet cutting machinery market is being propelled by the growing demand for these tools from the automotive and fabrication industries. There is a very high demand for process automation in several industry verticals and especially in the automotive industry. Make an Enquiry@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3492