Market Overview:
The global EDM wire (consumable) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for precision machining and rising adoption of EDM technology across various industries. The market is segmented on the basis of type, application, and region. On the basis of type, the global EDM wire (consumable) market is segmented into no coated wire, coated wire, and hybrid wire. Coated wires are further sub-segmented into copper-coated wires and nickel-coated wires. Copper-coated wires are expected to hold a major share in terms of revenue in 2018 owing to their high conductivity and low resistance as compared to other types of coatings available in the market. On account of their superior properties such as hardness, abrasion resistance, corrosion resistance etc., nickel-coated wires are projected to witness high growth during the forecast period from 2018to 2030 . Based on application,the globalEDMWire(consumable)marketis dividedinto aerospace industry , mechanic industry , die & mold industryand others .
Product Definition:
EDM wire (consumable) is an electrode made of a copper-based alloy that is specifically designed for use in electrical discharge machining (EDM). EDM wire is used to create the dielectric fluid pathway between the workpiece and the electrode, which allows electricity to flow through the part and erode away material. The importance of EDM wire lies in its ability to quickly and efficiently remove material from a workpiece, making it an essential component of any EDM process.
No Coated Wire:
No coated wire is a type of electrical conductor which has a metallic coating on both sides. It is used in electric discharge machines such as arc welding, cutting, and soldering equipment. The product finds its major application in the manufacturing of electrodes for electron beam applications.
The global no coated wire it's usage and growth factor in EDM wire (consumable) market size was valued at USD 1,867 million in 2016.
Coated Wire:
Coated wire and it's usage in EDM wire (consumable) market is expected to witness significant growth over the forecast period. Coated wires are coated with a material that exhibits superior electrical properties such as high resistivity and inductivity. The most commonly used materials for coating include copper, aluminum, silver, gold, platinum &iridium and others.
Application Insights:
The global demand for electric wire is increasing in aerospace applications owing to the high tensile strength of these wires. The demand for these products has witnessed a rise due to their use in aircraft lighting, power distribution and general wiring applications. Aerospace was the largest application segment and accounted for over 40% of the total revenue share in 2017.
Electrical equipment manufacturing is one of the major industries that uses consumables such as electronic grade metal wires and cables. These are used across various industry verticals including construction, automotive & transportation electronics assembly which include consumer goods like smartphones, laptops/notebooks etc., industrial machinery assembly where they find application across heavy duty machinery & equipment as well as energy generation sectors such as wind turbines or solar panels inverters etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period owing to high demand for electric motors and generators across various applications. Increasing use of electric vehicles across countries such as U.S., Canada, and Mexico is also anticipated to propel product demand over the next eight years.
Asia Pacific regional market captured a significant share in 2017 owing to increasing number of manufacturing facilities by key players along with growing industrialization and infrastructure development activities are some factors that can be attributed for this growth trend. In addition, rising awareness regarding energy conservation among consumers will drive consumption levels over the coming years in this region as well as others ‰t-scale globally). Europe accounted for second largest segment due to high production volume from automotive industry coupled with aerospace sector which has led it being one of major producers around world since past few decades (if not centuries).
Growth Factors:
- Increasing demand for electric vehicles (EVs)
- Growing popularity of LED lighting
- Proliferation of the Internet of Things (IoT)
- Rising demand for consumer electronics
- Increasing demand from the automotive industry
Scope Of The Report
Report Attributes
Report Details
Report Title
EDM wire (consumable) Market Research Report
By Type
No Coated Wire, Coated Wire, Hybrid Wire
By Application
Aerospace, Mechanic, Die & Mold, Others
By Companies
Powerway Group, Oki Electric Cable, OPECMADE Inc., THERMOCOMPACT, Hitachi Metals, Sumitomo (SEI) Steel Wire Corp., J.G. Dahmen & Co KG, Tamra Dhatu, Senor Metals, YUANG HSIAN METAL INDUSTRIAL, Heinrich Stamm GmbH, Ningbo De-Shin Industrial, Novotec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global EDM wire (consumable) Market Report Segments:
The global EDM wire (consumable) market is segmented on the basis of:
Types
No Coated Wire, Coated Wire, Hybrid Wire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Mechanic, Die & Mold, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Powerway Group
- Oki Electric Cable
- OPECMADE Inc.
- THERMOCOMPACT
- Hitachi Metals
- Sumitomo (SEI) Steel Wire Corp.
- J.G. Dahmen & Co KG
- Tamra Dhatu
- Senor Metals
- YUANG HSIAN METAL INDUSTRIAL
- Heinrich Stamm GmbH
- Ningbo De-Shin Industrial
- Novotec
Highlights of The EDM wire (consumable) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- No Coated Wire
- Coated Wire
- Hybrid Wire
- By Application:
- Aerospace
- Mechanic
- Die & Mold
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EDM wire (consumable) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
EDM wire is a consumable that is used in electronic dance music production. It is a thin, flexible copper wire that can be twisted and formed into shapes to create sounds.
Some of the major players in the edm wire (consumable) market are Powerway Group, Oki Electric Cable, OPECMADE Inc., THERMOCOMPACT, Hitachi Metals, Sumitomo (SEI) Steel Wire Corp., J.G. Dahmen & Co KG, Tamra Dhatu, Senor Metals, YUANG HSIAN METAL INDUSTRIAL, Heinrich Stamm GmbH, Ningbo De-Shin Industrial, Novotec.
The edm wire (consumable) market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. EDM wire (consumable) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. EDM wire (consumable) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. EDM wire (consumable) Market - Supply Chain
4.5. Global EDM wire (consumable) Market Forecast
4.5.1. EDM wire (consumable) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. EDM wire (consumable) Market Size (000 Units) and Y-o-Y Growth
4.5.3. EDM wire (consumable) Market Absolute $ Opportunity
5. Global EDM wire (consumable) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. EDM wire (consumable) Market Size and Volume Forecast by Type
5.3.1. No Coated Wire
5.3.2. Coated Wire
5.3.3. Hybrid Wire
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global EDM wire (consumable) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. EDM wire (consumable) Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Mechanic
6.3.3. Die & Mold
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global EDM wire (consumable) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. EDM wire (consumable) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global EDM wire (consumable) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. EDM wire (consumable) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global EDM wire (consumable) Demand Share Forecast, 2019-2029
9. North America EDM wire (consumable) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America EDM wire (consumable) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America EDM wire (consumable) Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Mechanic
9.4.3. Die & Mold
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America EDM wire (consumable) Market Size and Volume Forecast by Type
9.7.1. No Coated Wire
9.7.2. Coated Wire
9.7.3. Hybrid Wire
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America EDM wire (consumable) Demand Share Forecast, 2019-2029
10. Latin America EDM wire (consumable) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America EDM wire (consumable) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America EDM wire (consumable) Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Mechanic
10.4.3. Die & Mold
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America EDM wire (consumable) Market Size and Volume Forecast by Type
10.7.1. No Coated Wire
10.7.2. Coated Wire
10.7.3. Hybrid Wire
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America EDM wire (consumable) Demand Share Forecast, 2019-2029
11. Europe EDM wire (consumable) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe EDM wire (consumable) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe EDM wire (consumable) Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Mechanic
11.4.3. Die & Mold
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe EDM wire (consumable) Market Size and Volume Forecast by Type
11.7.1. No Coated Wire
11.7.2. Coated Wire
11.7.3. Hybrid Wire
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe EDM wire (consumable) Demand Share, 2019-2029
12. Asia Pacific EDM wire (consumable) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific EDM wire (consumable) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific EDM wire (consumable) Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Mechanic
12.4.3. Die & Mold
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific EDM wire (consumable) Market Size and Volume Forecast by Type
12.7.1. No Coated Wire
12.7.2. Coated Wire
12.7.3. Hybrid Wire
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific EDM wire (consumable) Demand Share, 2019-2029
13. Middle East & Africa EDM wire (consumable) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa EDM wire (consumable) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa EDM wire (consumable) Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Mechanic
13.4.3. Die & Mold
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa EDM wire (consumable) Market Size and Volume Forecast by Type
13.7.1. No Coated Wire
13.7.2. Coated Wire
13.7.3. Hybrid Wire
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa EDM wire (consumable) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global EDM wire (consumable) Market: Market Share Analysis
14.2. EDM wire (consumable) Distributors and Customers
14.3. EDM wire (consumable) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Powerway Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Oki Electric Cable
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. OPECMADE Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. THERMOCOMPACT
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi Metals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sumitomo (SEI) Steel Wire Corp.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. J.G. Dahmen & Co KG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tamra Dhatu
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Senor Metals
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. YUANG HSIAN METAL INDUSTRIAL
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Heinrich Stamm GmbH
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ningbo De-Shin Industrial
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Novotec
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook