Market Overview:
The global wire electrical discharge machine 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 machining across various industries, such as automotive, aerospace, and military. In addition, the growing demand for nano-sized and micro-sized wire EDMs is also contributing to the growth of this market. Based on type, the global wire electrical discharge machine market can be segmented into nano-sized wire EDM, micro Wire Wire EDM, high speed Wire EDM,, and other types. The nano-sized wire EDM segment is expected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for high precision machining in various applications such as medical devices and semiconductors. Based on application,the globalwire electrical discharge machinemarketcan be divided into automotive industry,, aerospace industry,, military industry,, and other applications segments.
Product Definition:
A wire electrical discharge machine (WEDM) is a type of computer numerically controlled (CNC) machine tool that uses electrical discharges between wires to cut channels in a workpiece, typically made from metal. The WEDM was originally developed in the early 1950s to make small precision parts for the watch making industry. The development of more powerful computers and CNC controls has allowed WEDMs to be used for a wider range of applications, including making medical implants, aerospace components and automotive parts.
Nano Sized Wire EDM:
Nano sized wire electrical discharge machine is used in applications where high power density and low volume electric current are required. The product finds its application in various industries such as automotive, medical, aerospace & defense and electronics among others. Nano sized wires have a higher surface to volume ratio which results in lower cross-sectional area and hence provides for efficient transfer of energy over larger distances with less loss.
Micro Wire Wire EDM:
Micro wire wire EDM is a kind of special electric discharge machine, which uses ultra-fine wires (thin as a needle) to reach places where other machines cannot. Micro wires are used in microelectrode arrays that are capable of delivering an intense electrical current at the targeted area. The current is usually focused on one spot and can pass through the skin without causing any harm to the body parts except for burns.
Application Insights:
Automotive application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of electric vehicles (EVs) globally, which has resulted in increased demand for nano sized wires EDM machines.
The aerospace industry requires specialised equipment for cutting metal components with high accuracy and precision, which results in higher demand wire EDM machines over other applications as they offer features such as high-speed movement along with enhanced ergonomics and handling characteristics required by the industry players on a day-to-day basis.
Regional Analysis:
North America dominated the global wire electrical discharge machine market in 2017. The growth can be attributed to increasing demand for micro sized wires in various applications such as consumer electronics, medical devices, and aerospace parts manufacturing. Europe is expected to witness significant growth over the forecast period owing to high demand from several industries including automotive, aerospace & defense and industrial machinery among others.
Asia Pacific is anticipated to grow at a lucrative rate over the forecast period owing to rapid development of several sectors including automotive, consumer electronics etc., which will drive industry expansion across key countries such as China and India among others. Moreover, rising population coupled with increasing disposable income will also support regional market growth during the same period.
Growth Factors:
- Increasing demand for Wire Electrical Discharge Machine in the automotive and aerospace industries due to the advantages offered by these machines over traditional manufacturing methods.
- Growing popularity of Wire Electrical Discharge Machines among small and medium-sized enterprises (SMEs) due to their low cost and easy operability.
- Rising demand for Wire Electrical Discharge Machines from the medical device industry as they are used in a variety of medical applications such as implant manufacturing, micro-machining, and more.
- Increasing research and development spending by leading players in the Wire Electrical Discharge Machine market to develop new products that can address specific needs of different industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wire Electrical Discharge Machine Market Research Report
By Type
Nano Sized Wire EDM, Micro Wire Wire EDM, High Speed Wire EDM, Other
By Application
Automotive, Aerospace, Military Industry, Other
By Companies
ACCUTEX, Aristech, CHMER, GF Machining Solutions, JOEMARS, Kent Industrial, MAKINO Milling Machine, MAX SEE INDUSTRY, Mitsubishi, Sodick, EDM Technologies, Hitachi, LIEN SHENG Mechanical & Electrical
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Wire Electrical Discharge Machine Market Report Segments:
The global Wire Electrical Discharge Machine market is segmented on the basis of:
Types
Nano Sized Wire EDM, Micro Wire Wire EDM, High Speed Wire EDM, Other
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
Automotive, Aerospace, Military Industry, Other
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:
- ACCUTEX
- Aristech
- CHMER
- GF Machining Solutions
- JOEMARS
- Kent Industrial
- MAKINO Milling Machine
- MAX SEE INDUSTRY
- Mitsubishi
- Sodick
- EDM Technologies
- Hitachi
- LIEN SHENG Mechanical & Electrical
Highlights of The Wire Electrical Discharge Machine 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:
- Nano Sized Wire EDM
- Micro Wire Wire EDM
- High Speed Wire EDM
- Other
- By Application:
- Automotive
- Aerospace
- Military Industry
- Other
- 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 Machine 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 machine is a type of industrial equipment that uses electricity to create a high-voltage spark between two metal wires. This sparks creates heat, which in turn melts the solder joints on the wires and causes them to disconnect.
Some of the key players operating in the wire electrical discharge machine market are ACCUTEX, Aristech, CHMER, GF Machining Solutions, JOEMARS, Kent Industrial, MAKINO Milling Machine, MAX SEE INDUSTRY, Mitsubishi, Sodick, EDM Technologies, Hitachi, LIEN SHENG Mechanical & Electrical.
The wire electrical discharge machine market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wire Electrical Discharge Machine 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. Wire Electrical Discharge Machine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wire Electrical Discharge Machine Market - Supply Chain
4.5. Global Wire Electrical Discharge Machine Market Forecast
4.5.1. Wire Electrical Discharge Machine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wire Electrical Discharge Machine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wire Electrical Discharge Machine Market Absolute $ Opportunity
5. Global Wire Electrical Discharge Machine 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. Wire Electrical Discharge Machine Market Size and Volume Forecast by Type
5.3.1. Nano Sized Wire EDM
5.3.2. Micro Wire Wire EDM
5.3.3. High Speed Wire EDM
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wire Electrical Discharge Machine 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. Wire Electrical Discharge Machine Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Aerospace
6.3.3. Military Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wire Electrical Discharge Machine 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. Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine 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. Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine Demand Share Forecast, 2019-2026
9. North America Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Aerospace
9.4.3. Military Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wire Electrical Discharge Machine Market Size and Volume Forecast by Type
9.7.1. Nano Sized Wire EDM
9.7.2. Micro Wire Wire EDM
9.7.3. High Speed Wire EDM
9.7.4. Other
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 Wire Electrical Discharge Machine Demand Share Forecast, 2019-2026
10. Latin America Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Aerospace
10.4.3. Military Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wire Electrical Discharge Machine Market Size and Volume Forecast by Type
10.7.1. Nano Sized Wire EDM
10.7.2. Micro Wire Wire EDM
10.7.3. High Speed Wire EDM
10.7.4. Other
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 Wire Electrical Discharge Machine Demand Share Forecast, 2019-2026
11. Europe Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Aerospace
11.4.3. Military Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wire Electrical Discharge Machine Market Size and Volume Forecast by Type
11.7.1. Nano Sized Wire EDM
11.7.2. Mico Wire Wire EDM
11.7.3. High Speed Wire EDM
11.7.4. Other
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 Wire Electrical Discharge Machine Demand Share, 2019-2026
12. Asia Pacific Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Aerospace
12.4.3. Military Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wire Electrical Discharge Machine Market Size and Volume Forecast by Type
12.7.1. Nano Sized Wire EDM
12.7.2. Micro Wire Wire EDM
12.7.3. High Speed Wire EDM
12.7.4. Other
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 Wire Electrical Discharge Machine Demand Share, 2019-2026
13. Middle East & Africa Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine 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 Wire Electrical Discharge Machine Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Aerospace
13.4.3. Military Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wire Electrical Discharge Machine Market Size and Volume Forecast by Type
13.7.1. Nano Sized Wire EDM
13.7.2. Micro Wire Wire EDM
13.7.3. High Speed Wire EDM
13.7.4. Other
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 Wire Electrical Discharge Machine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wire Electrical Discharge Machine Market: Market Share Analysis
14.2. Wire Electrical Discharge Machine Distributors and Customers
14.3. Wire Electrical Discharge Machine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ACCUTEX
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Aristech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CHMER
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GF Machining Solutions
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. JOEMARS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kent Industrial
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MAKINO Milling Machine
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MAX SEE INDUSTRY
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mitsubishi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sodick
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. EDM Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hitachi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. LIEN SHENG Mechanical & Electrical
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
