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Waterjet Cutting Machine Market In APAC To Register The Highest CAGR During The Forecast Period

Waterjet Cutting Machine Market In APAC To Register The Highest CAGR During The Forecast Period

Submitted by • September 3, 2020 www.marketsandmarkets.com

The growth of the market in APAC is driven by the expansion of the metal fabrication and automotive industries, coupled with the growing machine manufacturing sector in India and China, among others. The efforts by the Government of India to strengthen the country’s manufacturing industry through its “Make in India” initiative is likely to propel the demand for waterjet cutting machines in the next few years. This initiative focuses on 25 sectors, which include automobiles, aerospace, and railways, and electrical machinery; it aims to facilitate investments, build high-class manufacturing infrastructure, and foster innovation.

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