Global Market for Waterjet Cutting Machines will be Valued at US$ 2.7 Bn by 2024-End Considering the fact that cutting will remain a crucial operation across various industrial verticals, companies are compelled to adopt the most efficient machines that will serve this purpose. Waterjet cutting machines are likely to be at the top of this list, and are widely used for cutting wide range of materials without the use of abrasives. Persistence Market Research projects that towards the end of 2024, the value of global waterjet cutting machine market is likely to get doubled, reflecting a raise from US$ 1.37 Bn in 2016 to US$ 2.7 Bn.
During this forecast period, the global market for waterjet cutting machines will exhibit a value CAGR of 8.9%. According to Persistence Market Research’s report, titled “Waterjet Cutting Machine Market: Global Industry Analysis and Forecast, 2016-2024,” the global waterjet cutting machine market will also witness sizeable growth in terms of sales. In 2016, the global sales of waterjet cutting machines surpassed 13,600 units. By the end of 2024, the global market for waterjet cutting machine is anticipated to record sales of 25,872 units, registering a volume CAGR of 8.3%. The report also reveals that North America will be the largest market for waterjet cutting machines. With more than 35% share in global revenues, North America’s waterjet cutting machine market will dominate the global market throughout the