Global Electrical Discharge Machines (EDM) Market Growth 2023-2029

Global Electrical Discharge Machines (EDM) Market Growth 2023-2029

Electrical discharge machining (EDM), also known as spark machining, spark eroding, burning, die sinking, wire burning or wire erosion, is a manufacturing process whereby a desired shape is obtained by using electrical discharges (sparks). Material is removed from the work piece by a series of rapidly recurring current discharges between two electrodes, separated by a dielectric liquid and subject to an electric voltage. One of the electrodes is called the tool-electrode, or simply the "tool" or "electrode," while the other is called the workpiece-electrode, or "work piece." The process depends upon the tool and work piece not making actual contact.
LPI (LP Information)' newest research report, the “Electrical Discharge Machines (EDM) Industry Forecast” looks at past sales and reviews total world Electrical Discharge Machines (EDM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Electrical Discharge Machines (EDM) sales for 2023 through 2029. With Electrical Discharge Machines (EDM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrical Discharge Machines (EDM) industry.
This Insight Report provides a comprehensive analysis of the global Electrical Discharge Machines (EDM) 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 Electrical Discharge Machines (EDM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electrical Discharge Machines (EDM) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrical Discharge Machines (EDM) 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 Electrical Discharge Machines (EDM).
The global Electrical Discharge Machines (EDM) market size is projected to grow from US$ 2285.1 million in 2022 to US$ 3682.5 million in 2029; it is expected to grow at a CAGR of 3682.5 from 2023 to 2029.
Global core electrical discharge machines (EDM) manufacturers include Mitsubishi Electric, Sodick and GF Machining etc. The top 2 companies hold a share about 40%. Japan and China is the largest market, with a share about 56%, followed by Europe with the share about 23%.In terms of product, wire cutting machine is the largest segment, with a share over 50%. And in terms of application, the largest application is automotive and production machinery, followed by electronics.
This report presents a comprehensive overview, market shares, and growth opportunities of Electrical Discharge Machines (EDM) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Wire Cutting Machine
Die Sinking EDM
Hole Drilling EDM
Segmentation by application
Automotive and Production Machinery
Military and Aerospace
Electronics
Medical Device
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.
Mitsubishi Electric
Sodick
GF Machining
Makino
FANUC
Seibu
CHMER EDM
ONA Electroerosion
OPS Ingesoll
Exeron
Shanghai Esuntek Machinery
Zimmer & Kreim (ZK)
Excetek Technology
Beaumont Machine
Seoul Precision Machine
Knuth
AccuteX
Yan Yang
Key Questions Addressed in this Report
What is the 10-year outlook for the global Electrical Discharge Machines (EDM) market?
What factors are driving Electrical Discharge Machines (EDM) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electrical Discharge Machines (EDM) market opportunities vary by end market size?
How does Electrical Discharge Machines (EDM) 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.