Global Waterjet Cutting Machines Industry

Bystronic Group

Dardi International Corporation

ESAB Cutting Systems

Flow International Corporation

Huffman Corporation

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1

Disclaimers I-2

Data Interpretation & Reporting Level I-2

Quantitative Techniques & Analytics I-3

Product Definitions and Scope of Study I-3

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1

A Prelude II-1

Current State of the Manufacturing Industry: Vital for Market

Growth II-3

Recession in Retrospect and the Road Ahead II-4

The 2007-2009 Recession II-4

Economic Uncertainty Slows Down Growth in the US in 2012 II-7

Reviving Global Economy Stimulates Demand for Waterjet

Cutting Machines II-8

Table 1: Economic Growth (%) Worldwide by Region: 2011-2014E

(includes corresponding Graph/Chart) II-10

Outlook II-11

Competitive Landscape II-11

Table 2: Global WaterJet Cutting Machines Market (2013):

Percentage Share Breakdown of Waterjet Shape Cutting by

Leading Players – Dardi, Flow, Omax, Others (includes

corresponding Graph/Chart) II-12

Table 3: World Ultra High Pressure (UHP) Waterjet Machines(2013): Percentage Market Share Breakdown of Leading Players II-12Competition: Noteworthy Trends II-12After Sales Customer Service, Training & Support: Important for Success in the Marketplace II-12Cost of the Machinery: A Key Competitive Variable II-13Table 4: Waterjet Cutting Cost per Year: Percentage Breakdown of Cost of Abrasive, Cost of Water, Wear Parts Cost, and Cost of Power (includes corresponding Graph/Chart) II-13

Table 5: Global Abrasive Waterjet Cutting Machines:

Percentage Breakdown of Variable Costs per Hour by Cost

Component – Abrasive Sand/Disposal, Spare & Wear Parts,

Compressed Air, Electricity, Maintenance/Service, and

Water/Wastewater (includes corresponding Graph/Chart) II-14

Customization Gains Momentum II-14

Traditional End-use Markets: The Price-Sensitive Category II-14

Widespread Awareness Among End-Users: The Need Of The Hour II-15

Replacement Demand Presents Sizeable Market Opportunity II-15

Distribution Structure II-15

Internet: A New Sales Channel II-16

Aftermarket: An Insurance against Difficult Times II-16

2. MARKET TRENDS, ISSUES & DRIVERS II-17Technology Advancements: Spearheading Growth II-173D Waterjet Cutting II-17Smaller Waterjet Cutting Machines Gains Popularity II-18Robotic Waterjets to Rise in Popularity II-18Highly Efficient Software Essential for Next GenerationWaterjet Cutting Machines II-18Integrated CAD/CAM Software Address Productivity Challenges II-18MCSD-based Orifices Gaining Acceptance II-19Aerospace & Defense Applications: A Strong Growth Driver forHigh-End Waterjet Cutting Machines II-19Increase in Commercial Aircraft Orders Augur Well for the Market II-20Implementation of Specialized Aerospace Materials TriggersInnovation in Waterjet Cutting Machines II-20Rising Popularity of Carbon Fiber-Reinforced Polymers Bodes Well II-21Pressing Need for Precision Engineering Brightens Prospectsfor Waterjet Cutting Machines II-21Growth in Automobiles Production Augurs Well for the Market II-21Table 6: World Passenger Cars Market (2012 & 2017): Breakdownof Number of Vehicles Produced (In 000 Units) by GeographicRegion (includes corresponding Graph/Chart) II-23

Table 7: World Commercial Vehicles Market (2012 & 2017):

Breakdown of Number of Vehicles Produced (In 000 Units) by

Geographic Region (includes corresponding Graph/Chart) II-24

Superior Features Spur Adoption of WaterJet Cutting Machines:

A Comparative Analysis of Cutting Technologies II-24

Table 8: Global Special Machine Tools Market (2013):

Percentage Breakdown of Dollar Sales by Product Segment

(includes corresponding Graph/Chart) II-25

Waterjet: A Competing or Complementary Technology? II-25

Reduced Abrasives Consumption Make Waterjet Cutting More

Cost-Efficient II-26

Using Smaller Nozzles II-26

CNC Abrasive Metering II-26

Abrasive Removal Systems II-26

Water Recycling Systems II-26

Waterjets Represents the Most Eco-Friendly Option II-27

Waterjet Pumps: A Critical Subsystem II-27

Steady Acceleration in Global PMI Benefits Market Growth II-27

Table 9: Global Purchasing Managers Index (PMI): Breakdown of

Monthly PMI Data by Country for the Year 2013 (includes

corresponding Graph/Chart) II-28

Improvement in Global GDP Performance Encourages an Optimistic

Market Outlook for 2014 and Beyond II-29

Table 10: Business Climate Indicator in the Eurozone Area

corresponding Graph/Chart) (includes corresponding

Graph/Chart)z II-30

Table 11: World Real GDP Growth Rates in % (2012-2015F):Breakdown by Country (includes corresponding Graph/Chart) II-31

Table 12: World GDP (2013): Percentage Share Breakdown of

Nominal GDP Value by Country (includes corresponding

Graph/Chart) II-32

Recovery in Construction Activity to Spur Market Growth II-32

Table 13: Percentage Share of Construction Spending by Region –

2015 & 2020 (includes corresponding Graph/Chart) II-33

Waterjet Cutting Machines Eliminates Various Risks in Stone &

Tile Cutting II-34

Developing Countries to Drive Future Market Growth II-34

Table 14: GDP Growth for Key Developed and Developing

Countries: 2003-2013 (includes corresponding Graph/Chart) II-35

Off-Shoring of Manufacturing Activity Boosts Demand in

Developing Countries II-35

Rapid Mushrooming of Job Shops in Developing Countries Augurs

Well for the Market II-36

Semiconductor & Consumer Electronics Manufacturing: A Niche

Application Area II-36

Non-metal Waterjet Cutting Offer Huge Untapped Potential II-37

Novel Applications in the Healthcare Sector Opens Up Avenues

for Future Growth II-37

Other Steadily Growing Application Areas for Waterjet Cutting

Machines II-38

Food Industry II-38

Textile Industry II-38

Hydraulic Mining II-39

3. PRODUCT OVERVIEW II-40Introduction II-40Historical Backdrop II-40Types of Waterjet Cutting Methods II-41Pure Water Cutting II-41Abrasive Cutting II-41The Pump II-41Direct Drive Pump II-41Intensifier Pump II-41Categories of Waterjet Cutting Machines on the Basis of Size II-42Disadvantages of Waterjet Cutting Method II-42Areas of Application II-42Industrial Users of Waterjet Cutting Systems II-43Job Shops II-43Wire Electrical Discharge Machining (“EDM”) shops II-43Laser Shops II-43Aerospace Shops II-43Tooling Shops II-43Architectural Fabricators II-43Metal Fabricators II-43Disadvantages of Abrasive Waterjet II-43

4. RECENT INDUSTRY ACTIVITY II-44

Waterjet Holdings, Inc Acquires Flow International Corporation II-44

in America II-44

Jet Edge Selects Machinery Forum to Distribute its Products in

Australia II-44

5. PRODUCT INNOVATIONS/INTRODUCTIONS II-45SEMYX Launches Optima L Waterjet Cutters II-45WARDJet Launches Low Cost Small-Scale Waterjet Systems II-45Jet Edge Introduces FARM-JET(R) and TACH-JET(R) II-45Sugino Corp. Launches Katana2 II-45SigmaTEK Introduced Latest Version of SigmaNEST II-45ESAB Launches Hydrocut LX Waterjet Shape Cutting Machine II-45Omax Launches 1530 Maxiem II-45OMAX Announces the Launch of Intelli-MAX Software Suite for Water Jet Cutting Machines II-46WARDJet Introduces Emerald Series Waterjet II-46Jet Edge Launches EDGE X-5 5-Axis Water Jet System II-46Bystronic Launches By Jet Smart and Xcel 50 Press brake II-46Innovative International launches Robotic Water Jet Cutting Machine II-46AccuStream Voices Intentions to Launch New Product II-46Jet Edge Introduces New Water Jet Technology II-46Pratt & Whitney Unveils PurePulse(TM) Waterjet Technology II-46TECHNI Water Jet Launches New Lower Cost Water Jet II-47KMT Launches High Power Water Jet Cutting System in Europe II-47Flow International Unveils Latest Innovations in Waterjet Technology II-47

6. FOCUS ON SELECT PLAYERS II-48

ESAB Cutting Systems (US) II-48

Flow International Corporation (US) II-49

Huffman Corporation (US) II-49

Jet Edge, Inc. (US) II-49

KMT Waterjet Systems, Inc. (US) II-50

Omax Corporation (US) II-51

Nuclear Engineering Services (UK) II-51

Table 16: World Historic Review for WaterJet Cutting Machines

Independently Analyzed with Annual Sales in US$ Thousand for

Years 2006 through 2012 (includes corresponding Graph/Chart) II-54

Table 18: World Recent Past, Current & Future Analysis for

Waterjet Cutting Machines by End-Use Segment – Automotive,

Stone & Tiles, Job Shops, Aerospace & Defense, and Other

Markets Independently Analyzed with Annual Sales Figures in

US$ Thousand for Years 2013 through 2020 (includes

corresponding Graph/Chart) II-56

Table 19: World Historic Review for WaterJet Cutting Machines by End-Use Segment – Automotive, Stone & Tiles, Job Shops,Aerospace & Defense, and Other Markets Independently Analyzed with Annual Sales in US$ Thousand for Years 2006 through 2012(includes corresponding Graph/Chart) II-57

Table 20: World 15-Year Perspective for Waterjet Cutting

Machines by End-Use Segment – Percentage Breakdown of Dollar

Sales for Automotive, Stone & Tiles, Job Shops, Aerospace &

Defense, and Other Markets for 2006, 2014, and 2020 (includes

corresponding Graph/Chart) II-58

III. MARKET

A.Market Analysis III-1

Market Overview III-1

Shale Gas Revolution Promises to Trigger Manufacturing

Renaissance in the US III-1

Strategic Corporate Developments III-2

Product Launches III-2

Select Players III-3

B.Market Analytics III-7

Table 21: US Recent Past, Current & Future Analysis for

Waterjet Cutting Machines with Annual Sales Figures in US$

Thousand for Years 2013 through 2020 (includes corresponding

Graph/Chart) III-7

Table 22: US Historic Review for Waterjet Cutting Machines with Annual Sales Figures in US$ Thousand for Years 2006through 2012 (includes corresponding Graph/Chart) III-8

A.Market Analysis III-9

Current & Future Analysis III-9

Recovery of the Manufacturing Sector Favors the Market III-9

Growing Activity in the Aerospace Sector Bodes Well for the

Market III-9

B.Market Analytics III-10

Table 23: Canadian Recent Past, Current & Future Analysis

for Waterjet Cutting Machines with Annual Sales Figures in

US$ Thousand for Years 2013 through 2020 (includes

corresponding Graph/Chart) III-10

Table 24: Canadian Historic Review for Waterjet Cutting Machines with Annual Sales Figures in US$ Thousand for Years2006 through 2012 (includes corresponding Graph/Chart) III-11

A.Market Analysis III-12

Current & Future Analysis III-12

Market Primer III-12

Japanese Companies Adopt New Initiatives to Stay in Competition III-12

Disaster Recovery Efforts Drive Replacement Demand III-13

Product Launch III-13

B.Market Analytics III-14

Table 25: Japanese Recent Past, Current & Future Analysis

for Waterjet Cutting Machines with Annual Sales Figures in

US$ Thousand for Years 2013 through 2020 (includes

corresponding Graph/Chart) III-14

Table 26: Japanese Historic Review for Waterjet Cutting Machines with Annual Sales Figures in US$ Thousand for Years2006 through 2012 (includes corresponding Graph/Chart) III-15

A.Market Analysis III-16

Current & Future Analysis III-16

Market Overview III-16

Waterjet Cutting Machines Makers Seeking New Pastures for

Growth III-16

Product Launch III-17

B.Market Analytics III-18

Table 27: European Recent Past, Current & Future Analysis

Independently Analyzed with Annual Sales Figures in US$

Thousand for Years 2013 through 2020 (includes corresponding

Graph/Chart) III-18

Table 29: European 15-Year Perspective for Waterjet Cutting

Machines by Geographic Region – Percentage Share Breakdown

2020 (includes corresponding Graph/Chart) III-20

Table 31: French Historic Review for Waterjet Cutting

Machines with Annual Sales Figures in US$ Thousand for Years

2006 through 2012 (includes corresponding Graph/Chart) III-22

Table 33: German Historic Review for Waterjet Cutting

Machines with Annual Sales Figures in US$ Thousand for Years

2006 through 2012 (includes corresponding Graph/Chart) III-25

Table 35: Italian Historic Review for Waterjet Cutting

Machines with Annual Sales Figures in US$ Thousand for Years

2006 through 2012 (includes corresponding Graph/Chart) III-27

Table 37: UK Historic Review for Waterjet Cutting Machines

with Annual Sales Figures in US$ Thousand for Years 2006

through 2012 (includes corresponding Graph/Chart) III-30

Table 39: Spanish Historic Review for Waterjet Cutting

Machines with Annual Sales Figures in US$ Thousand for Years

2006 through 2012 (includes corresponding Graph/Chart) III-32

Table 41: Russian Historic Review for Waterjet Cutting

Machines with Annual Sales Figures in US$ Thousand for Years

2006 through 2012 (includes corresponding Graph/Chart) III-34

Table 43: Rest of Europe Historic Review for Waterjet

Cutting Machines with Annual Sales Figures in US$ Thousand

for Years 2006 through 2012 (includes corresponding

Graph/Chart) III-37

Table 45: Asia-Pacific Historic Review for WaterJet Cutting

Analyzed with Annual Sales Figures in US$ Thousand for Years

2006 through 2012 (includes corresponding Graph/Chart) III-40

A.Market Analysis III-42

Current & Future Analysis III-42

Demand Buoyed by Steady Growth in End Use Sectors III-42

Increasing Activity in Chinese Automotive Market Drives

Growth in the Market III-42

The Road Ahead III-43

Dardi International Corporation – A Key Player III-43

B.Market Analytics III-44

Table 47: Chinese Recent Past, Current & Future Analysis for

Waterjet Cutting Machines with Annual Sales Figures in US$

Thousand for Years 2013 through 2020 (includes corresponding

Graph/Chart) III-44

Table 48: Chinese Historic Review for Waterjet Cutting Machines with Annual Sales Figures in US$ Thousand for Years2006 through 2012 (includes corresponding Graph/Chart) III-45

A.Market Analysis III-46

Current & Future Analysis III-46

Robust Automotive Production & Sales Lends Traction to the

Waterjet Cutting Machines Market III-46

B.Market Analytics III-47

Table 49: Indian Recent Past, Current & Future Analysis for

Waterjet Cutting Machines with Annual Sales Figures in US$

Thousand for Years 2013 through 2020 (includes corresponding

Graph/Chart) III-47

Table 50: Indian Historic Review for Waterjet Cutting Machines with Annual Sales Figures in US$ Thousand for Years2006 through 2012 (includes corresponding Graph/Chart) III-48

A.Market Analysis III-49

Current & Future Analysis III-49

B.Market Analytics III-49

Table 51: South Korean Recent Past, Current & Future

Analysis for Waterjet Cutting Machines with Annual Sales

Figures in US$ Thousand for Years 2013 through 2020

(includes corresponding Graph/Chart) III-49

Table 52: South Korean Historic Review for Waterjet Cutting Machines with Annual Sales Figures in US$ Thousand for Years2006 through 2012 (includes corresponding Graph/Chart) III-50

A.Market Analysis III-51

Current & Future Analysis III-51

B.Market Analytics III-51

Table 53: Taiwanese Recent Past, Current & Future Analysis

for Waterjet Cutting Machines with Annual Sales Figures in

US$ Thousand for Years 2013 through 2020 (includes

corresponding Graph/Chart) III-51

Table 54: Taiwanese Historic Review for Waterjet Cutting Machines with Annual Sales Figures in US$ Thousand for Years2006 through 2012 (includes corresponding Graph/Chart) III-52

A.Market Analysis III-53

Current & Future Analysis III-53

B.Market Analytics III-53

Table 55: Rest of Asia-Pacific Recent Past, Current & Future

Analysis for Waterjet Cutting Machines with Annual Sales

Figures in US$ Thousand for Years 2013 through 2020

(includes corresponding Graph/Chart) III-53

Table 56: Rest of Asia-Pacific Historic Review for Waterjet Cutting Machines with Annual Sales Figures in US$ Thousand for Years 2006 through 2012 (includes corresponding Graph/Chart) III-54

A.Market Analysis III-55

Current & Future Analysis III-55

B.Market Analytics III-55

Table 57: Middle East Recent Past, Current & Future Analysis

for Waterjet Cutting Machines with Annual Sales Figures in

US$ Thousand for Years 2013 through 2020 (includes

corresponding Graph/Chart) III-55

Table 58: Middle East Historic Review for Waterjet Cutting Machines with Annual Sales Figures in US$ Thousand for Years2006 through 2012 (includes corresponding Graph/Chart) III-56

A.Market Analysis III-57

Current & Future Analysis III-57

B.Market Analytics III-57

Table 59: Latin American Recent Past, Current & Future

Analysis for Waterjet Cutting Machines by Geographic Region –

Analyzed with Annual Sales Figures in US$ Thousand for Years

2013 through 2020 (includes corresponding Graph/Chart) III-57

Table 61: Latin American 15-Year Perspective for Waterjet

Cutting Machines by Geographic Region – Percentage Share

America Markets for Years 2006, 2014, and 2020 (includes

corresponding Graph/Chart) III-59

Table 63: Brazilian Historic Review for Waterjet Cutting

Machines with Annual Sales Figures in US$ Thousand for Years

2006 through 2012 (includes corresponding Graph/Chart) III-61

Table 65: Rest of Latin America Historic Review for Waterjet

Cutting Machines with Annual Sales Figures in US$ Thousand

for Years 2006 through 2012 (includes corresponding

Graph/Chart) III-63

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 66 (including Divisions/Subsidiaries – 69)

SOURCE Reportlinker