According to the latest market study released by Technavio, the global waterjet cutting machine market is expected to grow at a CAGR of more than 8% during the forecast period.
Gaurav added, “The forecast period is likely to be a real game changer for the software associated with waterjet cutting machines. Though the software is used in the main cutting models, the trend is now shifting toward machine intelligence. For instance, OMAX has developed a new software Intelli-CAM that helps to generate 2D and 3D paths of the tools. This helps to create the tool path and attributes of 3D cutting before it is fed to the waterjet cutting machine.”
Waterjet cutting machines are used in cutting, drilling, and surface cleaning of the metal sheets that are used in the fabrication of automotive parts. Till now, the automotive industry has enjoyed relative stability in the post-recession period, which is reflected in the strong growth and profitability of the sector; the annual sales figures have even reached the pre-recession levels in some regions. But some uncertainty still persists regarding the future, mainly due to the uneven nature of the global market.
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