Market Overview:
The global wire electrical discharge machining market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-precision parts and components in various industries such as electronics, medical, and aerospace. In addition, the growing demand for low-cost and high-quality products is also contributing to the growth of this market. The reciprocating type high speed wire cut electrical discharge machining segment is expected to account for the largest share of the global wire electrical discharge machining market during the forecast period. This segment is mainly driven by its ability to produce high precision parts and components with tight tolerances in a short time frame.
Product Definition:
Wire Electrical Discharge Machining (WEDM) is a type of electrical discharge machining that uses a wire to remove material from the workpiece. It is often used for precision machining of difficult-to-cut materials, such as titanium and other alloys. The wire electrode removes material by melting it and ejecting it from the workpiece in small droplets. This process can produce very accurate cuts with little deformation of the workpiece.
Reciprocating Type High Speed Wire Cut Electrical Discharge Machining:
Reciprocating type high speed wire cut electrical discharge machining (HSC) market is expected to witness significant growth over the forecast period. The key drivers for this market are increasing demand from end-user industries such as aerospace, automotive and construction along with rising focus on improving efficiency of machining processes by reducing cycle time through effective tooling.
Low Speed One-way Walk Wire Cut Electrical Discharge Machining:
One-way walk wire cut electrical discharge machining is a new technology that has been developed to overcome the limitations of the traditional methods. The traditional methods are not suitable for high volume production and hence, in many cases, one-way walk wire cut electrical discharge machining is used as an alternative.
The advantages of using low speed one-way walk wire cut electrical discharge machining include reduced cycle time and better surface finish on parts.
Application Insights:
The electronics industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this industry can be attributed to increasing demand for electronic devices across the globe. Electronics manufacturing involves a lot of processes, such as cutting, drilling, sanding and polishing of various materials using electrical discharge machining equipment.
Medical industry is also anticipated to register a significant CAGR during the forecast period owing to rising demand for medical devices and equipment worldwide. Electrical discharge machining process allows precise removal of excess material while maintaining dimensional accuracy during production runs with low cost per unit volume as compared with other conventional techniques used in medical applications such as laser or water jet cutting machines.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for electrical discharge machining services from various end-use industries in countries such as China, India, Japan and South Korea. Rapid industrialization coupled with government support aimed at promoting manufacturing activities in these economies is anticipated to drive regional market growth over the forecast period.
The Asia Pacific was followed by Europe which accounted for a revenue share of more than 20% in 2017 owing to high demand from several end-use industries such as aerospace and defense, electronics and medical industry across European countries including Germany, France Italy Spain U.K., etc.
Growth Factors:
- Increasing demand for high precision and complex components in automotive and aerospace industries
- Growing popularity of Wire Electrical Discharge Machining among small-scale businesses due to its low cost of ownership
- Rising demand for 3D printing technology in the manufacturing sector
- Technological advancements that have made Wire Electrical Discharge Machining more efficient and accurate than traditional machining processes
- Growing awareness about the benefits of Wire Electrical Discharge Machining among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Wire Electrical Discharge Machining Market Research Report
By Type
Reciprocating Type High Speed Wire Cut Electrical Discharge Machining, Low Speed One-way Walk Wire Cut Electrical Discharge Machining
By Application
Electronics Industry, Medical Industry, Aerospace Industry
By Companies
Mitsubishi Electric, GF Machining Solutions, Makino, Phillips Corporation, Sodick, AA EDM Corporation, Kent Industrial, Iverson & Co
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Wire Electrical Discharge Machining Market Report Segments:
The global Wire Electrical Discharge Machining market is segmented on the basis of:
Types
Reciprocating Type High Speed Wire Cut Electrical Discharge Machining, Low Speed One-way Walk Wire Cut Electrical Discharge Machining
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
Electronics Industry, Medical Industry, Aerospace Industry
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:
- Mitsubishi Electric
- GF Machining Solutions
- Makino
- Phillips Corporation
- Sodick
- AA EDM Corporation
- Kent Industrial
- Iverson & Co
Highlights of The Wire Electrical Discharge Machining 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:
- Reciprocating Type High Speed Wire Cut Electrical Discharge Machining
- Low Speed One-way Walk Wire Cut Electrical Discharge Machining
- By Application:
- Electronics Industry
- Medical Industry
- Aerospace Industry
- 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 Wire Electrical Discharge Machining 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Wire electrical discharge machining (WEDM) is a process that uses an electric current to remove material from a workpiece. The current flows through the workpiece and melts the metal at the point of contact, causing it to be removed.
Some of the major players in the wire electrical discharge machining market are Mitsubishi Electric, GF Machining Solutions, Makino, Phillips Corporation, Sodick, AA EDM Corporation, Kent Industrial, Iverson & Co.
The wire electrical discharge machining market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wire Electrical Discharge Machining Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wire Electrical Discharge Machining Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wire Electrical Discharge Machining Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wire Electrical Discharge Machining Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wire Electrical Discharge Machining Market Size & Forecast, 2020-2028
4.5.1 Wire Electrical Discharge Machining Market Size and Y-o-Y Growth
4.5.2 Wire Electrical Discharge Machining Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Reciprocating Type High Speed Wire Cut Electrical Discharge Machining
5.2.2 Low Speed One-way Walk Wire Cut Electrical Discharge Machining
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Electronics Industry
6.2.2 Medical Industry
6.2.3 Aerospace Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wire Electrical Discharge Machining Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wire Electrical Discharge Machining Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Reciprocating Type High Speed Wire Cut Electrical Discharge Machining
9.6.2 Low Speed One-way Walk Wire Cut Electrical Discharge Machining
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Electronics Industry
9.10.2 Medical Industry
9.10.3 Aerospace Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Reciprocating Type High Speed Wire Cut Electrical Discharge Machining
10.6.2 Low Speed One-way Walk Wire Cut Electrical Discharge Machining
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Electronics Industry
10.10.2 Medical Industry
10.10.3 Aerospace Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Reciprocating Type High Speed Wire Cut Electrical Discharge Machining
11.6.2 Low Speed One-way Walk Wire Cut Electrical Discharge Machining
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Electronics Industry
11.10.2 Medical Industry
11.10.3 Aerospace Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Reciprocating Type High Speed Wire Cut Electrical Discharge Machining
12.6.2 Low Speed One-way Walk Wire Cut Electrical Discharge Machining
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Electronics Industry
12.10.2 Medical Industry
12.10.3 Aerospace Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Reciprocating Type High Speed Wire Cut Electrical Discharge Machining
13.6.2 Low Speed One-way Walk Wire Cut Electrical Discharge Machining
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Electronics Industry
13.10.2 Medical Industry
13.10.3 Aerospace Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wire Electrical Discharge Machining Market: Competitive Dashboard
14.2 Global Wire Electrical Discharge Machining Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Electric
14.3.2 GF Machining Solutions
14.3.3 Makino
14.3.4 Phillips Corporation
14.3.5 Sodick
14.3.6 AA EDM Corporation
14.3.7 Kent Industrial
14.3.8 Iverson & Co
