EDM Wire Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Wire Type (Brass, Copper); End-User Industry (Aerospace, Industrial, Others) and Geography
Report Code: TIPRE00006319 No. of Pages: 150 Category: Electronics and Semiconductor Status: Upcoming
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MARKET INTRODUCTION
Electrical discharge machining (EDM) is a method of removing desired material from any work-piece through inducing the electrical spark between work-piece and electrode. Wire cutting EDM is a high precision process for cutting any of the electrically conducting material. Wire cut EDM method is considerably chosen by the automotive industry for numerous metal mold applications like molding steel headlights. There are two types of wire used for this cutting process, including brass and copper. The EDM wire is widely used by the aerospace and industrial sector in the EDM process.
MARKET DYNAMICS
The key factors accountable for the rising preference for wire EDM over the other EDM machines comprise ability to cut metal more effectively, reliable repeatability, reduced cost, stress-free and burr-free EDM cutting, and its capability to cut exotic materials such as tool steels, inconel, ferro-tic, carbide, stellite, alloy, and titanium. Thus, the rising adoption of wire cut EDM method is further supporting the growth of EDM wire market.
MARKET SCOPE
The "Global EDM Wire Market Analysis to 2028" is a specialized and in-depth study of the EDM wire industry with a special focus on the global market trend analysis. The report aims to provide an overview of EDM wire market with detailed market segmentation by wire type, end-user industry, and geography. The global EDM wire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading EDM wire market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global EDM wire market is segmented on the basis of wire type and end-user industry. Based on wire type, the market is segmented as brass and copper. Further, based on end-user industry, the EDM wire market is divided into aerospace, industrial, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global EDM wire market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The EDM wire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting EDM wire market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the EDM wire market for each region.
The reports cover key developments in the EDM wire market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from EDM wire market are anticipated to lucrative growth opportunities in the future with the rising demand for EDM wire in the global market. Below mentioned is the list of few companies engaged in the EDM wire market.
The report also includes the profiles of key EDM wire companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
Electrical discharge machining (EDM) is a method of removing desired material from any work-piece through inducing the electrical spark between work-piece and electrode. Wire cutting EDM is a high precision process for cutting any of the electrically conducting material. Wire cut EDM method is considerably chosen by the automotive industry for numerous metal mold applications like molding steel headlights. There are two types of wire used for this cutting process, including brass and copper. The EDM wire is widely used by the aerospace and industrial sector in the EDM process.
MARKET DYNAMICS
The key factors accountable for the rising preference for wire EDM over the other EDM machines comprise ability to cut metal more effectively, reliable repeatability, reduced cost, stress-free and burr-free EDM cutting, and its capability to cut exotic materials such as tool steels, inconel, ferro-tic, carbide, stellite, alloy, and titanium. Thus, the rising adoption of wire cut EDM method is further supporting the growth of EDM wire market.
MARKET SCOPE
The "Global EDM Wire Market Analysis to 2028" is a specialized and in-depth study of the EDM wire industry with a special focus on the global market trend analysis. The report aims to provide an overview of EDM wire market with detailed market segmentation by wire type, end-user industry, and geography. The global EDM wire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading EDM wire market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global EDM wire market is segmented on the basis of wire type and end-user industry. Based on wire type, the market is segmented as brass and copper. Further, based on end-user industry, the EDM wire market is divided into aerospace, industrial, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global EDM wire market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The EDM wire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting EDM wire market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the EDM wire market for each region.
The reports cover key developments in the EDM wire market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from EDM wire market are anticipated to lucrative growth opportunities in the future with the rising demand for EDM wire in the global market. Below mentioned is the list of few companies engaged in the EDM wire market.
The report also includes the profiles of key EDM wire companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- Berkenhoff GmbH (Powerway Group)
- Hitachi Metals, Ltd.
- Novotec BV
- Oki Electric Cable
- OPECMADE Inc.
- Senor Metals Pvt. Ltd
- Sumitomo Electric Industries, Ltd.
- Tamra Dhatu
- THERMOCOMPACT
- YUANG HSIAN METAL INDUSTRIAL CORP.