LONDON--(BUSINESS WIRE)--The global waterjet robots market is expected to grow at a CAGR of close to 7% during the period 2018-2022, according to a new market research study by Technavio.
The report presents a comprehensive research of the global waterjet robots market by application (cutting and cleaning) and by end-user (automotive sector, metals and machinery sector, and aerospace and defense sector). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
Market driver: advantages of waterjet cutting over alternative methods
There has been an increasing emphasis on product quality by end-users, which has led to an increase in the adoption of waterjet cutting to capitalize on the advantages provided by the method. In contrast with plasma cutting and laser cutting that are popular and widely adopted methods of cutting, waterjet cutting does not require any additional costs. Plasma and laser cutting cause hardening and wear and tear, therefore additional costs are associated with machining that is required because of this.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Market trend: software and service innovations to ease integration of waterjet robots
Virtual commissioning is gaining traction over on-site commissioning because it assists in the reduction of time and cost by 50%-60%. Virtual commissioning supports the entire lifecycle of waterjet robots, apart from the initial design and decision-making processes.
According to a senior analyst at Technavio for robotics research, “Vendors also provide software packages for programming applications, which control domain-specific tasks such as handling, welding, and assembly line along with superior capabilities for coordination of multiple robots.”
Market challenge: lack of skilled workforce
Waterjet cutting and cleaning is a complex and repetitive process, which requires highly skilled personnel. The process involves the production of high volume parts. Thus, it requires an in-house programming expert for application settings in waterjet robots. SMEs are unable to compete with the large enterprises because of the shortage of skilled programmers. Most of the production staff lack proper knowledge of robotics programming that slows down the growth.
Is your business on track for a successful future? Learn how Technavio can help
Technavio helps businesses anticipate changes in their marketplace, make proactive adjustments, and develop effective strategies to optimize their market positions.
|
Big savings with Technavio this February!
Get 20% OFF on all Education Technology reports. This offer is valid only till the 28th of this month.
OR
Celebrate winter sports with 23% OFF on all reports in the Outdoor Gear library (Offer valid from Feb 9-25). |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
