NEW YORK, Dec. 3, 2021 /PRNewswire/ -- The electrical
discharge machine market is fragmented. Vendors are using various
organic and inorganic growth strategies to compete in the market.
The market size is expected to grow by USD
1.53 bn from 2020 to 2025. The growth momentum of the market
is expected to decelerate at a CAGR of 7.65%.
For more valuable insights into the electrical
discharge machine market, View Our Sample Report
Key Market Participants Analysis
- Beaumont Machine: The company is involved in offering
EDM systems such as FH series EDM machines that include FH 30, FH
40, FH50/60 with different specifications.
- Belmont Equipment and Technologies: The company is
involved in offering EDM Machines that include EDM Drills, EDM
Sinkers such as Astec Series EDM Drills, SY Series EDM Drills, and
many more.
- Ching Hung Machinery and Electric Industrial Co. Ltd.:
The company is involved in offering wire cut EDMs such as AW3X,
AW3L, RQ6040L, and many more.
Subscribe to our "Lite Plan" billed
annually at USD 3000 to view
3 reports monthly and download 3 reports annually.
Electrical Discharge Machine Market 2021-2025:
Segmentation
- End-user
-
- Machine Shop
- Aerospace And Defense
- Medical
- Automotive
- Others
- Geography
-
- APAC
- North America
- Europe
- South America
- MEA
Based on segmentation by end-user, the machine shop segment will
have significant market share growth during the forecast period.
The segment is expected to be driven by growth in industrial
production globally.
Based on segmentation by geography, APAC is expected to account
for 54% of the market's growth during the forecast period, with
China being the key country.
Market growth in the region will be driven by low-cost
manufacturing and shipbuilding hubs in APAC.
Drivers and Challenges
The electrical discharge machine market is driven by rise in
automation, increased demand for superior-quality products and CNC
machines, and increased demand for mechanical engineering products.
However, factors such as slowdown in the Chinese economy may hamper
market growth.
For more information about the trends,
drivers, and challenges impacting the market, Read Our Sample
Report
Reports that might interest you:
- Electronic Weighing Scales Market: The electronic
weighing scales market has been segmented by type (retail scale,
laboratory scale, health scale, gem and jewelry scale, and others)
and geography (APAC, North
America, Europe,
South America, and MEA). Download
Sample Report
- Cables and Accessories Market: The cables and
accessories market has been segmented by voltage (low,
medium, and high) and geography (APAC, Europe, North
America, MEA, and South
America). Download Sample Report
Electrical
Discharge Machine Market Scope
|
Report
Coverage
|
Details
|
Page
number
|
120
|
Base year
|
2020
|
Forecast
period
|
2021-2025
|
Growth momentum &
CAGR
|
Decelerate at a CAGR
of 7.65%
|
Market growth
2021-2025
|
USD 1.53
billion
|
Market
structure
|
Fragmented
|
YoY growth
(%)
|
8.91
|
Regional
analysis
|
APAC, North America,
Europe, South America, and MEA
|
Performing market
contribution
|
APAC at
54%
|
Key consumer
countries
|
China, US, Japan,
Germany, and France
|
Competitive
landscape
|
Leading companies,
competitive strategies, consumer engagement scope
|
Companies
profiled
|
Beaumont Machine,
Belmont Equipment and Technologies, Ching Hung Machinery and
Electric Industrial Co. Ltd., Georg Fischer Ltd., Makino Milling
Machine Co. Ltd., Mitsubishi Electric Corp., Novick Digital
Equipment Co. Ltd., ONA Electroerosion SA, Sodick Inc., and
Yihawjet Enterprises Co. Ltd.
|
Market
Dynamics
|
Parent market
analysis, market growth inducers and obstacles, fast-growing and
slow-growing segment analysis, COVID-19 impact and future consumer
dynamics, market condition analysis for the forecast
period
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
About Us
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provide actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions. With over 500 specialized analysts,
Technavio's report library consists of more than 17,000 reports and
counting, covering 800 technologies, spanning across 50 countries.
Their client base consists of enterprises of all sizes, including
more than 100 Fortune 500 companies. This growing client base
relies on Technavio's comprehensive coverage, extensive research,
and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive
positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/electrical-discharge-machine-market-size-to-grow-by-usd-1-53-bn--technavio-301436466.html
SOURCE Technavio