What is Wire Electrical Discharge Machine Market?
Wire electrical discharge machine provides robust, reliable, cutting-edge performance while remaining user-friendly. This melts and cuts the metal in a way similar to a fret saw. It is used in mold and dies manufacturing processes, particularly for extrusion dies and blanking punches. EDM can be used in everything from prototypes to full production runs and is most often used to manufacture metal components and tools.
The market study is being classified by Type (Nano Sized Wire EDM, Micro Wire Wire EDM, High-Speed Wire EDM and Other), by Application (Automotive, Aerospace and Electronics) and major geographies with country level break-up.
Oki Electric Industry (Japan), Mitsubishi Electric (Japan), Marshall Manufacturing (United States), Excel group (India), Sparkonix (India), Sodick (Japan), Astro Machine Works Inc (United States), Gunna Engineering (Australia), GF Machining Solutions Management (Switzerland), Makino (Japan) and CHMER (Taiwan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Seoul Precision Machine (South Korea) and ONA Electroerosion (Spain).
Global Wire Electrical Discharge Machine is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Analyst at AMA have segmented the market study of Global Wire Electrical Discharge Machine market by Type, Application and Region.
On the basis of geography, the market of Wire Electrical Discharge Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Application of Wire Electrical Discharge Machine by End Users
- Rising Automation Drive the Market Growth
- Developing Technologies over the Globe
- Preference towards usage of Light Weight Products and the Tools in the Machines
- Concerns Related to the High Cost of Cutting Equipment and High Initial Investment
- Demand for the Improved Quality Products and Machines
Market Leaders and some development strategies
In Aug 2019, the Excel group increased its wire and spark erosion capabilities by acquiring two new Sodick Machines from Sodi-Tech EDM. The Machines are installed at the company’s Gloucester facility, for both spark and wire erosion. The company expects to use these machines for important contracts across both the civil and military aerospace markets.
Key Target AudienceWire Electrical Discharge Machine Manufacturers, Wire Electrical Discharge Machine Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Wire Electrical Discharge Machine Market?
"Increasing Application of Wire Electrical Discharge Machine by End Users
" is seen as one of major growth factors of Wire Electrical Discharge Machine Market in years to come.
2. Can we have customized study for Wire Electrical Discharge Machine Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Wire Electrical Discharge Machine Market?
will lead Wire Electrical Discharge Machine Market in coming years.