Electric shock machine market size will increase by USD 1.53 billion | Technavio |


NEW YORK, Dec 3 2021 / PRNewswire / – The electric shock machine market is fragmented. Suppliers use various organic and inorganic growth strategies to compete in the market. The market size is expected to grow by $ 1.53 billion from 2020 to 2025. Market growth dynamics are expected to slow to a CAGR of 7.65%.

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Analysis of the main market players

  • Beaumont machine: The company is involved in offering EDM systems such as FH series EDM machines which include FH 30, FH 40, FH50 / 60 with different specifications.
  • Belmont equipment and technologies: The company offers EDM machines which include EDM drills, EDM turntables such as Astec series EDM drills, SY series EDM drills and many more.
  • Ching Hung Machinery and Electric Industrial Co. Ltd. : The company offers wire EDM such as AW3X, AW3L, RQ6040L and many others.

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Electric Discharge Machines Market 2021-2025: Segmentation

  • Final user
    • Workshop
    • Aeronautics and Defense
    • Medical
    • Automobile
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • AEM

On the basis of segmentation by end user, the machine shops segment will experience significant market share growth during the forecast period. The segment is expected to be driven by the growth of industrial production on a global scale.

Based on segmentation by geography, APAC is expected to account for 54% of the market 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 electric discharge machine market is driven by increased automation, increased demand for higher quality products and CNC machines, and increased demand for mechanical engineering products. However, factors such as the slowdown in the Chinese economy may hamper the growth of the market.

For more information on the trends, drivers and challenges impacting the market, Read our sample report

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Scope of Electric Discharge Machine Market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Decelerate to 7.65% CAGR

Market growth 2021-2025

$ 1.53 billion

Market structure

Fragmented

Annual growth (%)

8.91

Regional analysis

APAC, North America, Europe, South America and MEA

Efficient contribution to the market

APAC at 54%

Main consumer countries

China, United States, Japan, Germany and France

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

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 Drivers and Obstacles, Analysis of Fast and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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