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Allied Market Research

Abrasive Cutting Machine Market by Machine Type (Automatic and Manual), Application Type (High-Alloyed Steels Cutting, Non-Ferrous Metal Alloys Cutting, and Order High-grade Materials Cutting), and End-User Industry (Automotive, Electronics, Aerospace & Defense, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A11785
Pages: NA
Aug 2021 | 120 Views
   
Author(s) : Onkar Sumant
Tables: NA
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COVID-19

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Abrasive cutting machine market is expected to increase in the future.  An abrasive  cutting machine consists of industrial high–pressure water jet system. Abrasive cutters are used to cut, drill, and clean a variety of materials. These are used to cut automobile internal parts, holes, or trim edges. Another common application of abrasive waterjet cutter is to cut helmet or similar 3D products. Glass/metal art has been the most common application of these machines across the globe. Growth in demand for hurricane glass for car doors and windows in the automotive industry drives growth of the waterjet cutting machine market. Rise in demand for foam equipment and machine part packaging in aerospace and automotive industries impacts growth of the waterjet cutting machine market.

Market Scope and Structure Analysis

Abrasive jet and waterjet cutting machines are used to cut sheet materials or to remove materials from a surface by generating a focused stream of fluid mixed with abrasive particles. They may use pressurized water or compressed air as the driving fluid to propel the abrasive particles. Rather than cutting with saw tooth, these abrasive cutting machines remove material through grinding and erosion. Abrasive cutting machine wheels when cuts a material, tiny, sharp, abrasive particles are worn off, which always exposes new ones and continuously presents a fresh cutting every time. Abrasive cutting machines work at much faster rates than traditional metal cutting methods.

 

Report Metric

Details

Market Size Available for Years

  2020–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2028

  Forecast Unit

  Value (USD)

  Segments Covered

Machine Type, Application Type, End User Industry, and Region

  Regions Covered

North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Heckler & Koch, Struers, Xi Enshi, Aisida, Buehler, Prius, NDS / NPM, Struers, BROT-LAB, and Hefei Branch Crysta

 

 

COVID-19 Impact analysis

  • COVID-19 pandemic has shut down and limited supply chains and effected  abrasive cutting machine countries worldwide. This has hampered growth of the market from the last few months and is expected to continue during 2021.
  • COVID-19 has already affected revenue of abrasive cutting machines in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
  • Major demand for abrasive cutting machines was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which are negatively affected by spread of the coronavirus, thereby declining the demand.
  • Potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. For instance, various players in the market halted their production activities for several weeks to reduce  expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
  • During the COVID19 recession, companies operating in the manufacturing industry are focusing on developing new technologies for cost-efficient and quick solutions to meet requirements of clients.

Top Impacting Factors

Abrasive jet and waterjet cutting machines can perform a number of secondary procedures. The following are the key drivers for the development in the abrasive cutting machine market:

The abrasive waterjets are extensively used in complex and curved parts cutting process. Abrasive waterjets are used in complex cutting of parts in Industries such as aerospace, defense, automotive, energy and power. To maintain high efficiency and productivity in the cutting process, abrasive waterjets are used in the above-mentioned industries. These machines allow one operator to run multiple systems with intelligent CAD software. Adoption of Robotic solutions like abrasive waterjets across these industries can be the driving factor for this market. However, high total cost of ownership and requirement of technical knowledge acts as a restraint for the market growth.

Market Trends

  • New products that contain improved capabilities have been launched by leading market players. For instance, in September 2017, OMAX Corporation launched its new GlobalMAX abrasive waterjets, a line of essentially-featured, reliable, and practical machine tools capable of cutting virtually any material. The new machines and accessories launched and given a live cutting demonstration are  The “OMAX 80X JetMachining” Center with a Tilt-A-Jet cutting head, Rotary Axis with a 50hp EnduroMAX pump and “MAXIEM 1530” with an A-Jet cutting head.
  • Moreover, business expansion strategies also assist in enhancing geographic footprint of companies and help in gaining significant market share for abrasive cutting machine. For instance, In February 2017, Klingspor established a research and development division dedicated to diamond tools at Haiger location and an additional, also entirely new production facility at the Lviv plant (Ukraine) to deliver tools with outstanding performance and consistently high quality. These new Klingspor diamond tools are oSa-certified and offer highest possible degree of safety during operation.

Key Segments Covered

Machine Type

  • Automatic
  • Manual

Application Type

  • High-alloyed Steels Cutting
  • Non-ferrous Metal Alloys Cutting
  • Order High-grade Materials Cutting

End User Industry

  • Automotive
  • Electronics
  • Aerospace & Defense
  • Manufacturing
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the abrasive cutting machine along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the abrasive cutting machine share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the abrasive cutting machine market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed abrasive cutting machine market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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