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Technology Improvements and Improving Manufacturing Outlook Drive the Global Electrical Discharge Machines Market


Published: July 2017

REPORT STATISTICS


  • Code: MCP-6990
  • Pages: 165
  • Tables: 62
  • Companies: 36


ELECTRICAL DISCHARGE MACHINES (EDM): A RESEARCH BRIEF

The global market for Electrical Discharge Machines (EDM) is projected to reach US$7.5 billion by 2024, driven by continuous technology innovations, recovering plant upgrade projects against the backdrop of improving manufacturing outlook and rising plant capacity utilization rates; and increasing use of complex materials in production such as alloys, composites and ceramics which call for EDM machining. In the medical device manufacturing end-use sector, use of EDM based machining is benefitting from the growing demand for bio-implants in the field of orthopedics, cardiology, dentistry, and ophthalmology. Few of the benefits of EDM driving its adoption include no-contact and no-force process; suitability for machining fragile parts; low wear and tear; and ability to achieve complex shapes. Asia-Pacific represents largest and the fastest growing market worldwide with a CAGR of 8.3% over the analysis period. Major factors driving growth in the region include rapid industrialization, increasing government focus on infrastructure development, expanding manufacturing base, rising income levels and strong consumer demand for manufactured goods; growing strength of the Chinese EDM industry which is the largest in the world; and mushrooming of small and medium job shops in the region as a result of increased production outsourcing to low cost Southeast Asian countries. 

    Summary of Findings

  • Developments in Micro and Nano EDM Spur Opportunities in Microfabrication Applications
  • Global Shortage of Skilled Labor Benefits Demand for Automated Computer Numerical Control (CNC) Electrical Discharge Machines (EDM) for Autonomous Machining
  • Growing Focus on Resource Efficient Manufacturing Processes Drives Preference for EDM
  • Steady Automobile Production Spurs Demand for EDM in Fabrication of Automotive Parts and Components
  • Threat of Substitution from High Speed Milling and Ultrafast Laser Micro Machining Challenges Market Growth

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil and Rest of Latin America)

    Market Segmentation & Classification

  • Product Segments:
    • RAM EDM, and Other EDMs

MAJOR PLAYERS

  • AAEDM Corporation
  • AccuteX Technologies Co., Ltd.
  • Beaumont Machine
  • CHMER EDM
  • Excetek Technologies Co., Ltd.
  • GF Machining Solutions Management SA

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable