Saudi Arabia Waterjet Cutting Machine Market Size

Saudi Arabia Waterjet Cutting Machine Market Future Prospects

The Saudi Arabian waterjet cutting machine market will generate an estimated revenue of USD 1,358.1 million in 2024, and it is expected to reach USD 1,864.3 million by 2030, growing at a significant CAGR of 5.4% between 2024 and 2030. This will be due to the rising adoption of these machines in various industries, including automotive and metalworking.

The manufacturing industry of Saudi Arabia is expanding and diversifying, driven by the initiatives of the government to reduce its economic dependence on oil and gas revenue. Waterjets are used in numerous industries, including electronics, automotive, and aerospace, for cutting metals, composites, and other materials with high efficiency.

Moreover, Saudi Arabia is investing in infrastructure projects related to manufacturing, roads and bridges, and residential units, as a part of a government initiative named Vision 2030. Waterjet cutting machines play a crucial role in the precision cutting of material, such as steel, concrete, and stones, which are essential for these infrastructure projects.