Global EDM Wire Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global EDM Wire Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Discharge machining (EDM) is a manufacturing process that performs an electrical spark to form a metal shape. Because of these sparks, EDM is sometimes called spark machining. During this process, when a current discharge or spark occurs between the two electrodes, the desired shape is cut from the metal. Where the spark occurs, the metal is cut to form the desired shape and to separate it from the plate. EDM line refers to the wire made by the machining method of cutting metal by using this phenomenon of high voltage discharge.

Market Overview:

The latest research study on the global EDM Wire market finds that the global EDM Wire market reached a value of USD 740.72 million in 2022. It’s expected that the market will achieve USD 1156.0 million by 2028, exhibiting a CAGR of 7.7% during the forecast period.

Influence of COVID-19 Outbreak on EDM Wire Industry Development

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization has declared it an emergency public health event. It has begun to feel the global impact of coronavirus disease (COVID-19) in 2019 and will greatly affect the EDM wire market in 2020. Under the influence of COVID-19, logistics will be suspended and the supply of raw materials for EDM wire will be tight. Production has stalled, the company's inventory has increased, and the production of related companies in the severely affected areas has been greatly affected. The short-term epidemic has little effect on the supply of raw materials for enterprises, mainly consuming inventory materials. The long-term epidemic will cause inestimable losses.
Secondly, EDM wire is mainly the same as aerospace, automotive, other metal manufacturing and other industries. The impact of COVID-19 on the EDM wire industry will involve all major links and all entities in the downstream of the industrial chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. For example, American Honda announced on March 18 that it will stop North American production from March 23 to March 31. The decision applies to car manufacturing and assembly, as well as Honda's engine and transmission plants in the region.
Following Ford's changes on March 19, production at the company's manufacturing plants in the United States, Canada and Mexico will cease. And McLaren Company discontinued due to the Covid-19 crisis. These have greatly affected the demand for EDM wire. Therefore, the impact on the EDM wire industry depends on the prevention and control effects of COVID-19.

Drivers

The electrical discharge machining process repeatedly controls the charge to cut hard and various types of metals. Very suitable for the strict tolerance requirements in mass production. Due to its highly repeatable length without any layering, deformation and deformation, the demand is constantly increasing. Compared with methods such as laser cutting, it is cost-effective. While reaching the length tolerance, it provides a high degree of concentration trend measurement. With its high dimensional accuracy, it can cut diameters from a few inches to thousands of inches. Secondly, the improvement of automation in the upstream market, technological progress is also one of the important factors to promote the development of the EDM line market. Therefore, the accuracy and extensiveness of production make the production process of the EDM line accelerate and promote the development of the EDM line market.

Opportunities

In recent years, EDM wire cutting technology has developed rapidly, and various aspects of machining performance indicators have been significantly improved and enhanced. EDM eliminates the expensive procedures of traditional lamination and insertion parts of various cutting tools. It provides accurate finished molds. It has been more and more widely used as the final means of processing, coupled with the advantages of EDM cutting wire has precious materials and time-saving advantages, EDM Wire is widely used in various parts of the demand location, such as, automotive Components, medical equipment components, etc. The extensive downstream application market provides a relatively stable buyer market for the EDM Wire market to a certain extent. And as the demand for downstream applications increases, the demand for EDM Wire will continue to increase.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (37.12% in 2022).

Company Overview:

Berkenhoff GmbH (Powerway Group) is one of the major players operating in the EDM Wire market, holding a share of 16.51% in 2023.

Berkenhoff GmbH (Powerway Group)

Berkenhoff GmbH manufactures and distributes precision wires. The Company offers spark erosion, brazing, welding, electronic, and specialty wires. Berkenhoff serves industrial and construction sectors worldwide.

Hitachi Metals, Ltd.

Hitachi Metals Ltd. manufactures a wide range of specialty steel and metal products, including industrial machinery, magnetic and electronic materials and parts, and aluminium castings and wheels. The Company's products are marketed to a variety of users including the automobile, aerospace, nuclear, and computer industries worldwide.

Segmentation Overview:

By type, Brass segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global EDM Wire market covered in Chapter 3:

THERMOCOMPACT
Kangqiang
J.G. Dahmen & Co KG
Tamra Dhatu
Ningbo De-Shin Industrial
Senor Metals Pvt. Ltd
Hitachi Metals, Ltd.
Novotec BV
OPECMADE Inc.
Oki Electric Cable
JBM
Heinrich Stamm GmbH
Berkenhoff GmbH (Powerway Group)
Sumitomo Electric Industries, Ltd.
YUANG HSIAN METAL INDUSTRIAL CORP.

In Chapter 4 and Chapter 14.2, on the basis of types, the EDM Wire market from 2018 to 2029 is primarily split into:

Brass
Zinc Coated
Hybrid
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the EDM Wire market from 2018 to 2029 covers:

Aerospace
Industrial
Automotive
Healthcare
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)