SAN FRANCISCO, October 5, 2021 / PRNewswire / – New Market Research Published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Electrical Discharge Machines (EDM) – Global Market Trajectory & Analytics “. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 19; Posted: April 2021
Executive pool: 403
Companies: 32 – Players covered include AAEDM Corp .; AccuteX Technologies Co., Ltd. ; Beaumont machine; CHMER EDM; Excetek Technologies Co., Ltd .; GF Machining Solutions Management SA; Kent Industrial United States, Inc .; KNUTH machine tools; Makino Milling Machine Co. Ltd .; MC Machine Systems, Inc .; ONA Electroerosion SA; Sodick, Inc. and others.
Blanket: All major geographies and key segments
Segments: Product segment (wire EDM, small hole EDM, die-sinking EDM); End use (automotive, manufacturing, aerospace and defense, healthcare, other end use)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Electric Discharge Machine (EDM) Market To Reach $ 7.9 billion by 2026
In the midst of the COVID-19 crisis, the global electric discharge machine (EDM) market is estimated to be US $ 5.3 billion in 2020, is expected to reach a revised size of US $ 7.9 billion by 2026, with a CAGR of 6.9% over the analysis period. Wire Cutting EDM, one of the segments analyzed in the report, is expected to register a CAGR of 7.3% and reach US $ 5.1 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Small Hole EDM segment is readjusted to a revised CAGR of 6.4% for the next 7 year period.
The US market is estimated at $ 1.5 billion in 2021, when China is expected to reach $ 1.7 billion by 2026
The electrical discharge machine (EDM) market in the United States is estimated at US $ 1.5 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 1.7 billion US dollars by 2026, with a CAGR of 10.5% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 3.7% and 6.2% respectively over the period of analysis. In Europe, Germany is expected to grow by about 4.4% CAGR.
Die-sinking EDM segment to be reached US $ 1.3 billion by 2026
In the global die-sinking EDM segment, United States, Canada, Japan, China and Europe will lead to the estimated 5.5% CAGR for this segment. These regional markets representing a combined market size of US $ 666.9 million in 2020 will reach a projected size of US $ 968.9 million at the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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