TechNavio today launched its report Global Waterjet Machine Market 2011“2015 based on an in-depth study covering the Americas, and EMEA and APAC regions. The report aims to aid decision makers™ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio™s Engineering team said; There has been a rapid increase in competition among the waterjet machine vendors in the last few years. With the increase in productivity in Brazil, Russia, India and China (the BRIC countries) and South Africa, there is an increase in investment in machines with high quality and performance in these regions. This increased need creates competition among the waterjet machine vendors, leading to a decrease in the overall price of the machines. Consequently, there is an increase in the price wars among the players in the market. Moreover, with the advancement of technology, the cost of the development of waterjet machines is going down. This is because of the large variety of vendors and their varying pricing strategies that are aimed at capturing significant shares in the market.
According to the report, with the increase in inflation rates and fluctuating economic growth, there is a necessity for organizations to obtain maximum productivity with maximum cost savings. Furthermore, organizations witness maintenance, repair and overhaul expenses along with a decrease in their credibility among customers. The effective deployment of waterjet machines such as pure waterjet machines and abrasive waterjet machines leads to a reduction of expenses in the production cycle. Moreover, the effective deployment of machine tools optimizes manufacturing processes and accelerates effective and high-quality product development.
Further, the report also discusses that the main challenge being faced is that the higher cost of waterjet machines decreases their adoption rate.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-waterjet-machine-market-2011-2015
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Report “ Global Waterjet Machine Market 2011“2015
