Waterjet Cutting Machine Market Share

North American Market Forecast

The waterjet cutting machine market in North America, is projected to be the largest with a share of about 35% by the end of 2037. The growth of the market in the region can be attributed majorly to the increasing production of automobiles. The United States is one of the largest producers of automobiles, and the demand for waterjet cutting machines has increased dramatically. On the other hand, the presence of a large network of small and medium-sized businesses in Canada has boosted the manufacturing units of the region thus it drives the market growth in North America.

APAC Market Statistics

The Asia Pacific waterjet cutting machine market is estimated to be the second largest, registering a share of about 28% by the end of 2037. The growth of the market can be attributed majorly to the rising manufacturing industry. Asia Pacific has become the new hub for the manufacturing of products. Countries such as China have achieved a major mark in the manufacturing industry and India is also rapidly advancing. We anticipate that ASEAN manufacturing production might increase by USD 400 billion to USD 600 billion per year by 2030, compared to 2020 levels.