Global Electrical Discharge Machine (EDM) Market, By Service (Personalized service, Managed Service and Others), Type (Die Sinking Electrical Discharge Machine, Wire Cutting Electrical Discharge Machine and Small Hole Electrical Discharge Machine), Application (Security, Containers, Portable classrooms, and Others), Industry Vertical (Automotive, Aerospace and Defense, Manufacturing, Healthcare, and Others) - Industry Trends and Forecast to 2023 to 2030.
Electrical Discharge Machine (EDM) Market Analysis and Size
The essential factors contributing to the growth of global electrical discharge machine (EDM) market in the forecast period of 2023 are the rise in automation in the industries. Furthermore, the growth in technology such as cloud computing and the industrial internet of things is further anticipated to propel the growth of the global electrical discharge machine (EDM) market.
Data Bridge Market Research analyses that the electrical discharge machine (EDM) market which was USD 6.20 Billion in 2022, is expected to reach USD 9.73 Billion by 2030, growing at a CAGR of 5.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Electrical Discharge Machine (EDM) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Service (Personalized service, Managed Service and Others), Type (Die Sinking Electrical Discharge Machine, Wire Cutting Electrical Discharge Machine and Small Hole Electrical Discharge Machine), Application (Security, Containers, Portable classrooms, and Others), Industry Vertical (Automotive, Aerospace and Defense, Manufacturing, Healthcare, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa
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Market Players Covered
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Mitsubishi Electric Corporation (Japan), Makino (Japan), Sodick Co., Ltd. (Japan), FANUC CORPORATION (Japan), GF Management SA (Switzerland), CHMER EDM (Taiwan), Seibu Electric & Machinery Co. (Japan), AgieCharmilles (Switzerland), ONA Electroerosión S.A. (Spain), JAPAN PROCESS DEVELOPMENT CO., LTD. (Japan), Mitsubishi Electric Automation, Inc. (U.S.), Brother Industries, Ltd. (Japan), Kent Industrial Co., Ltd. (Taiwan), FANUC America Corporation (U.S.)
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Market Opportunities
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Market Definition
The electrical discharge machine can be referred to as an electrical device that is utilized to eliminate the metallic materials from a conductive workpiece utilizing electric sparks. The electrical discharge machine comprises machining of materials such as graphite, metals, alloys, and so forth. The components that are required for the machining are a conductive workpiece, an electrode, electricity, and dielectric fluid.
Global Electrical Discharge Machine (EDM) Market Dynamics
Drivers
- Increasing Industrial Automation
As industries continue to automate their manufacturing processes, the demand for EDM machines rises. EDM technology offers precise and accurate machining capabilities, making it suitable for automation in various sectors such as automotive, aerospace, electronics, and medical industries.
- Growing demand for Complex and Miniaturized Components
The need for intricate and miniaturized components is expanding across industries like electronics, medical devices, and aerospace. EDM machines enable the production of complex shapes, fine details, and tight tolerances, making them valuable tools for manufacturing these components.
Opportunity
- Advancements in EDM Technology
Continuous advancements in EDM technology, including improvements in machine accuracy, cutting speed, and surface finish quality, contribute to the market growth. These technological advancements enhance productivity, reduce manufacturing time, and increase the overall efficiency of EDM machines.
Restraints/Challenges
- Requirement of High Initial Investments
EDM machines are sophisticated and precision-oriented tools, which often require a significant initial investment. The high cost of acquiring EDM equipment can act as a restraint, particularly for small and medium-sized enterprises (SMEs) or businesses with limited budgets, hindering their adoption of EDM technology.
- Competition from Alternate Technologies
While EDM machines offer unique capabilities, there are alternative machining technologies available in the market, such as CNC milling, laser cutting, and waterjet cutting. These technologies may provide viable alternatives for specific applications, which can impact the demand for EDM machines.
This global electrical discharge machine (EDM) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global electrical discharge machine (EDM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In November 2022, GF Machining Solutions presented its solutions and its unique approach enable bringing metal 3D printing to an industrial level at Formnext 2022, which was held in Frankfurt, Germany from 15-18 November
Global Electrical Discharge Machine (EDM) Market Scope
The global electrical discharge machine (EDM) market is segmented on the service, type, application and industry vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service
- Personalized Service
- Managed Service
- Others
Type
- Die Sinking Electrical Discharge Machine
- Wire Cutting Electrical Discharge Machine
- Small Hole Electrical Discharge Machine
Application
- Security
- Containers
- Portable Classrooms
- Others
Industry Vertical
- Automotive
- Aerospace and Defense
- Manufacturing
- Healthcare
- Others
Global Electrical Discharge Machine (EDM) Market Regional Analysis/Insights
The global electrical discharge machine (EDM) market is analyzed and market size insights and trends are provided by country, service, type, application and industry vertical as referenced above.
The countries covered in the global electrical discharge machine (EDM) market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa.
Europe dominates the global electrical discharge machine (EDM) market due to the occurrence of major key players. Furthermore, the rise in equipment and machinery will further boost the growth of the global electrical discharge machine (EDM) market in the region during the forecast period.
Asia-Pacific is projected to observe a significant amount of growth in the global electrical discharge machine (EDM) market due to the rise in the applications of electrical discharge machines.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Electrical Discharge Machine (EDM) Market Share Analysis
The global electrical discharge machine (EDM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to conducting global electrical discharge machine (EDM) market.
Some of the major players operating in the global electrical discharge machine (EDM) market are:
- Mitsubishi Electric Corporation (Japan)
- Makino (Japan)
- Sodick Co., Ltd. (Japan)
- FANUC CORPORATION (Japan)
- GF Management SA (Switzerland)
- CHMER EDM (Taiwan)
- Seibu Electric & Machinery Co. (Japan)
- AgieCharmilles (Switzerland)
- ONA Electroerosión S.A. (Spain)
- Japan PROCESS DEVELOPMENT CO., LTD. (Japan)
- Mitsubishi Electric Automation, Inc. (U.S.)
- Brother Industries, Ltd. (Japan)
- Kent Industrial Co., Ltd. (Taiwan)
- FANUC America Corporation (U.S.)
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