Global Electric Discharge Machining Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Electric Discharge Machining Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Electric Discharge Machining Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Electric Discharge Machining Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
A machining method is generally used for hard metals. Electric Discharge Machining (EDM) allows to work with metals for which traditional machining techniques are ineffective. EDM only works with the materials that are electrically conductive. It is possible to cut small odd-shaped angles, detailed contours or cavities in hardened steel as well as exotic metals like titanium, hastelloy, kovar, inconel, and carbide. EDM process is mostly used in tool and die industry for mold making purpose.
The Global Electrical Discharge Machine market has also been observing the decrease in electrical discharge machine prices. However, attracting end users could pose a challenge to the growth of this market. The increasing production rate of light vehicles will propel the growth of the market. The major factor responsible for increasing number of production of light commercial vehicles is the growing demand from automobile sector, which further will boost the demand for electrical discharge machine (EDM).
On the basis of segmentation, the market is divided into 3 segments including by product type, by end-user type, and by region. According to the product type the market is bifurcated into different product such as wire EDM, SINKER EDM, small hole drill EDM, RAM EDM vs wire EDM, and other. . According to the end-user segment, the market is categorized into machine shop, aerospace & defense, medical, automotive, and others.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global electric discharge machining market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: AAEDM Corporation, AccuteX Technologies Co Ltd., Beaumont Machine, CHMER EDM, Excetek Technologies Co Ltd., GF Machining Solutions Management SA, Kent Industrial USA Inc., KNUTH Machine Tools, Makino Milling Machine Co Ltd., MC Machinery Systems Inc., ONA Electroerosion S.A, Sodick Inc., and others.
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