Global EDM Cutting Wire Market Growth 2023-2029

Global EDM Cutting Wire Market Growth 2023-2029

EDM Cutting Wire refers to EDM Wire. There is a machining method that uses a high voltage electrical discharge phenomenon for cutting metal. Two types of tools utilize this method, the wire EDM machine and the die-sinking EDM machine. The term wire for EDM machine refers to the wire that is used to generate the electrical discharge in the wire EDM machine.
LPI (LP Information)' newest research report, the “EDM Cutting Wire Industry Forecast” looks at past sales and reviews total world EDM Cutting Wire sales in 2022, providing a comprehensive analysis by region and market sector of projected EDM Cutting Wire sales for 2023 through 2029. With EDM Cutting Wire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EDM Cutting Wire industry.
This Insight Report provides a comprehensive analysis of the global EDM Cutting Wire landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on EDM Cutting Wire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global EDM Cutting Wire market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EDM Cutting Wire and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global EDM Cutting Wire.
The global EDM Cutting Wire market size is projected to grow from US$ 862.8 million in 2022 to US$ 1611.6 million in 2029; it is expected to grow at a CAGR of 1611.6 from 2023 to 2029.
Global EDM Cutting Wire key players include Powerway Group, Oki Electric Cable, OPECMADE Inc., THERMOCOMPACT, Hitachi Metals, etc. Global top five manufacturers hold a share about 43%. Europe is the largest market, with a share about 42%, followed by China and Japan, both have a share about 50% percent. In terms of product, No Coated Wire is the largest segment, with a share over 63%. And in terms of Application, the largest level is High Precision Mold, followed by CNC Tool, High-precision Medical Equipment, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of EDM Cutting Wire market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
No Coated Wire
Coated Wire
Hybrid Wire
Segmentation by application
High Precision Mold
CNC Tool
High-precision Medical Equipment
High Precision Reducer
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Powerway Group
Oki Electric Cable
OPECMADE Inc.
THERMOCOMPACT
Hitachi Metals
Sumitomo (SEI) Steel Wire Corp.
J.G. Dahmen & Co KG
Tamra Dhatu
Senor Metals
Yuang Hsian Metal Industrial
Heinrich Stamm GmbH
Ningbo De-Shin Industrial Co., Ltd
Novotec
Key Questions Addressed in this Report
What is the 10-year outlook for the global EDM Cutting Wire market?
What factors are driving EDM Cutting Wire market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do EDM Cutting Wire market opportunities vary by end market size?
How does EDM Cutting Wire break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.