Electrical discharge machines (EDM) market is projected to witness a compound annual growth rate of 7.20% during the forecast period, reaching a total market size of US$6.077 billion in 2023 from US$4.005 billion in 2017. Rising demand for medical implants is driving the use of EDM-based machining, thus, boosting the growth of EDM market. Growing production of light-weight vehicles also contributes to the growth of EDM market. Increasing use of complex materials and components including alloys and ceramics augments the demand for electrical discharge machining across manufacturing sector which bolsters the growth of global EDM market. Geographically, APAC will witness the fastest regional market growth during the forecast period owing to expanding manufacturing base and production capacity of EDM manufacturers in countries like China.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Electrical Discharge Machines value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry players profiled as part of the report are AAEDM Corporation, SWISS WIRE E.D.M., Adron Tool Corporation, Accutex Technologies Co., Ltd., Chevalier Machinery Inc., EXCETEK TECHNOLOGIES CO., LTD., GF Machining Solutions, Kent Industrial USA, Inc.
- By Type
- By Application
- Die Making
- Mold Making
- Hole Drilling
- By End User Industry
- Energy and Power
- Electrical and Electronics
- By Geography
- North America
- South America
- Middle East and Africa
- Service Providers
- Government Agencies
- Research Organizations
Key insights offered
- What will be the Electrical Discharge Machines market size from 2017 to 2023?
- How are the major drivers and restraints affecting the global Electrical Discharge Machines market growth and the opportunities which exist for key vendors?
- Which segment and region will drive or lead the market growth and why?
- A comprehensive analysis of competitive landscape and key market participants’ behavior
- Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.