Global Electron Beam Machining Market, By Material (Stainless Steel, Titanium, Nickel, Others), Equipment (Cathode, Annular Bias Grid, Others), Application (Welding, Drilling, Surface Treatment), Industry (Automotive, Aerospace and Defense, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The global market for electron beam machining is anticipated to generate significant amounts of revenue over the forecast period. The requirement for welding of small to large and important automotive components, such as gear parts, shafts, and turbochargers, as well as the rising manufacturing of automobiles, are the variables that are anticipated to fuel the market for electron beam machining over forecasted period.
Global electron beam machining market was valued at USD 193.89 million in 2021 and is expected to reach USD 255.32 million by 2029, registering a CAGR of 3.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Stainless Steel, Titanium, Nickel, Others), Equipment (Cathode, Annular Bias Grid, Others), Application (Welding, Drilling, Surface Treatment), Industry (Automotive, Aerospace and Defense, 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 Middle East and Africa
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Market Players Covered
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Global Beam Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), pro-beam (Germany), B.C. Instruments (Canada), Cambridge Vacuum Engineering (U.K.), Sciaky Inc., (U.S.), Bodycote (U.K.), EB Industries (U.S.), Beijing Zhong Ke Electric Co.Ltd. (China), Sodick (Japan), FOCUS GmbH (Germany), Evobeam GmbH (Germany), Josch Strahlschweißtechnik GmbH (Germany), Acceleron Inc (U.S.) and AVIC (China)
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Market Opportunities
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Market Definition
A procedure that uses heat to cut material is called electron beam machining. A narrow beam of concentrated high-velocity electrons is created in this technique, and it is used to melt and heat different metals in order to machine them. The drilling, cutting, annealing, and welding processes all use this method.
Electron Beam Machining Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Burgeoning Usage of Electron Beam Machining
The market for electron beam machining is expected to grow over the course of the forecast period as a result of rising machine usage due to the benefits of electron beam welding, expanding applications of welding in the aerospace and automotive industries, adoption of available machinery due to its high machining speed and cost-effective process, and rising demand for welding and surface heat treatment for turbochargers, gear parts, shafts, and other items. This factor will largely boost the market growth over the forecast period.
Furthermore, the factors such as the increasing demand for welding across various industries will accelerate the overall market expansion during the forecast period. Additionally low-cost, effective welding solution for complex components in various industries is anticipated to drive the growth rate of the electron beam machining market. The benefits tendered by the high-tech and standardized welding method using a single electron beam will further positively impact the market's growth rate during the forecast period.
Opportunities
- Introduction of New Technologies And Prevalence Of Cost-Effective Welding
The introduction of new technologies such as 5G is estimated to generate lucrative opportunities for the market, which will further expand the electron beam machining market's growth rate in the future. The prevalence of cost-effective welding for large-scale production also offers numerous growth opportunities within the market.
Restraints/Challenges
- High Cost and Investments
The electron beam machining further requires high capital as well as the set-up cost as the machines are very expensive. This factor further derails the overall market’s growth over the forecast period.
- Dearth of Trained Personnel
The increased requirement of highly trained personnel will further slow down the market’s growth rate as there is anticipated to be a shortage of qualified personnel or technological know-how. The dearth of technical expertise is therefore estimated to be a significant challenge for the electron beam machining market over the forecast period.
This electron beam machining 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 electron beam machining market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Electron Beam Machining Market
The electron beam machining market was immensely impacted by the outbreak of COVID-19. The electron beam machining market largely relies on the automotive sector and other industries, which were negatively affected by the pandemic, thus impacting the market’s growth. The worldwide closure has caused a halt in the production of cars and airplanes, which has substantially impacted the state of the electron beam machining business as a whole. The shutdowns in the manufacturing, goods, and automotive industries are all contributing to a drop in the market's demand for electron beam machining. This is expected to affect the electron beam machining market's already disturbed demand-supply chain.
Global Electron Beam Machining Market Scope
The electron beam machining market is segmented on the basis of material, equipment, application and industry. The growth amongst these segments will help you analyze 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.
Material
- Stainless Steel
- Titanium
- Nickel
- Others
Equipment
- Cathode
- Annular Bias Grid
- Others
Application
- Welding
- Drilling
- Surface Treatment
Industry
- Automotive
- Aerospace and Defense
- Others
Electron Beam Machining Market Regional Analysis/Insights
The electron beam machining market is analyzed and market size insights and trends are provided by country, material, equipment, application and industry as referenced above.
The countries covered in the electron beam machining market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electron beam machining market because of the region's prevalence of various manufacturing companies over the forecast period of 2022 to 2029.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due rising demand of cost effective welding solutions along with the prevalence of large number of oil pipeline within the region.
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 Electron Beam Machining Market Share Analysis
The electron beam machining 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 electron beam machining market.
Some of the major players operating in the electron beam machining market are
- Global Beam Technologies AG (Germany)
- Mitsubishi Electric Corporation (Japan)
- pro-beam (Germany)
- B.C. Instruments (Canada)
- Cambridge Vacuum Engineering (U.K.)
- Sciaky Inc., (U.S.)
- Bodycote (U.K.)
- EB Industries (U.S.)
- Beijing Zhong Ke Electric Co.Ltd. (China)
- Sodick (Japan)
- FOCUS GmbH (Germany)
- Evobeam GmbH (Germany)
- Josch Strahlschweißtechnik GmbH (Germany)
- Acceleron Inc (U.S.)
- AVIC (China)
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