TechNavio recognizes the following companies as the key players in the Global Waterjet Machine Market: Dardi International Corp., Flow International Corp., and OMAX Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Over the past few years, the competition among the vendors in the Global Waterjet Machine market has intensified rapidly. This has resulted in price wars, which constitute a major entry barrier for new players. Further, the increased economic activity in Brazil, Russia, India, China, South Africa, and other rapidly growing economies is expected to result in increased investment in the development of new manufacturing processes. Therefore, several major players in the market are planning to increase their presence in these countries to increase their market shares. Other players are reducing the prices of their products to increase their market shares. The need for considerable technical expertise and significant initial investments are other entry barriers that discourage new players from entering the market.”
According to the report, one of the major drivers in this market is the need for machining different types of materials – cutting tools for hard materials such as granite and metals, for soft materials such as foam and paper, and even for food. For instance, plasma, laser cutting machines and EDMs can be used as an effective cutting machine but cannot be used for long hours owing to the considerable amount of heat that they generate.
Further, the report states that one of the major challenges in this market is the high cost of waterjet machines. In addition to the high initial investment required to install these machines, the cost involved in training personnel to operate these machines is also high.
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 vendors. For further information on this report, please visit https://www.technavio.com/report/global-waterjet-machine-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report – Global Waterjet Machine Market 2014-2018
