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The market for robotic waterjet cutting machines is expected to grow at the highest CAGR in the next 5 years.
The increasing demand for robotics in the transportation, automotive, aerospace, and construction industries boost the market for robotic waterjet cutting machines.
The waterjet cutting machine market is expected to grow from USD 921.7 million in 2018 to USD 1,248.0 million by 2023, at a CAGR of 6.25% during the forecast period.
The high demand from the Asian metal and metal-manufacturing industries is driving the growth of the waterjet cutting machine market.
The waterjet cutting technology is capable of cutting various materials, including metals, glass, stones, foams, and reflective materials without melting, distorting, or warping their original structure.
These machines are used for cutting various types of foam, including reticulated foam, polyester foam, polyether foam, polyurethane foam, and furniture/upholstery foam.