Global Waterjet Robots Market 2018-2022
About Waterjet Robots
The scope of the report includes robots used for applications such as waterjet cutting and cleaning. It includes revenue generated by sales to the automotive, aerospace and defense, metal and machinery, and other sectors.
Technavio’s analysts forecast the global waterjet robots market to grow at a CAGR of 6.91% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global waterjet robots market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Waterjet Robots Market 2018-2022
Technavio recognizes the following companies as the key players in the global waterjet robots market: ABB, FANUC, Fiat Chrysler Automobiles, Midea, and Yaskawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is software and service innovations to ease integration of waterjet robots. Virtual commissioning method is gaining traction over on-site commissioning, as it helps 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 the report, one driver in the market is advantages of waterjet cutting over alternative methods. With the increase in emphasis on product quality by end-users, there has been an increase in the adoption of waterjet cutting to capitalize on the advantages offered by the method. Unlike plasma and laser cutting, which are popular and widely adopted methods of cutting, waterjet cutting does not require any additional costs associated with machining required due to effects of hardening and wear and tear caused by plasma and laser cutting.
Further, the report states that one challenge in the market is lack of skilled workforce. Waterjet cutting and cleaning is a complex and repetitive process that requires highly skilled personnel. The process involves the production of high volume parts. Therefore, it requires an in-house programming expert for application settings in waterjet robots.
ABB, FANUC, Fiat Chrysler Automobiles, Midea, and Yaskawa Electric.