EDM Wire Market Size, Share, Growth Industry Forecast 2028
The EDM wire market size is expected to grow from US$ 1,497.50 million in 2022, it is estimated to grow at a CAGR of 7.6% from 2022 to 2028.
The automotive industry is steadily growing in North America, and it has an immense impact on the domestic economy. This industry accounts for ~3% of the national GDP in the US. Such a well-positioned industry is continuously in the need of supplies and components for cars’ engines, chassis, and other metal fixtures, which indicates the high demand for machine tool makers. EDM wires are used for various metal mold applications, such as molding steel headlights, in this industry. Manufacturers prefer employing EDM procedures for the molding and drilling of large automotive parts. Further, government initiatives to encourage investments in the automotive industry are expected to raise the demand for EDM wires in the coming years. According to The Frontier Hub, foreign direct investment (FDI) in the US automotive industry reached US$ 114.6 billion in 2018. Also, in August 2021, the US government signed an executive order that sets a new target of 50% Electric Vehicle Sales Share by 2030. The government has also allotted US$3 billion to bolster the domestic electric vehicle industry. In line with this plan, GM announced an investment of US$ 35 billion and Ford of US$ 30 billion in 2025 to boost the automotive sector. In addition, a rise in the demand for furnishing; household appliances; and consumer electronics, including smart and efficient kitchen appliances, with many people moving to developing and evolving suburbs, fuels the EDM wire market growth in the region.
Various military and commercial aircraft manufacturers have a significant presence in North America, which makes it the world’s largest aerospace market. According to Aerospace Industries Association (AIA), the aerospace industry represented 1.8% of the total US GDP, contributing US$ 382 billion to the GDP. The aerospace industry in North America has flourished on the back of the positive outlook toward adopting new technologies, the presence of a skilled workforce, and favorable economic policies and high GDP per capita in major economies in the region. In April 2021, the US Space and Missile Systems Center announced the investments of US$ 191 million, US$ 240 million, and US$ 253 million in Boeing, Lockheed Martin Corporation, and Northrop Grumman Corporation, respectively, for designing prototype payloads for the Protected Tactical Satcom program of the US Space Force. Thus, the growing aerospace industry has the potential to drive EDM wire market in North America in the coming years.
EDM wires are used in manufacturing consumer electronic devices, automotive, medical devices, and various other applications. The US automotive sector is growing rapidly due to growing automotive sales, increasing capital growth, and higher exports. Therefore, the demand for EDM wires is very high in the market. Carmakers have taken a significant market initiative, boosting the growth of the EDM wire market in the country. Major automakers announced multibillion-dollar investments in EVs and AVs. The presence of manufacturers, including Oki Electric Cable Co., Ltd. and Hitachi Metals America, Ltd., further augments the growth of EDM wire market.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
EDM Wire Market: Strategic Insights
Market Size Value in US$ 1,497.50 Million in 2022 Market Size Value by US$ 2,323.98 Million by 2028 Growth rate CAGR of 7.6% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
EDM Wire Market: Strategic Insights
| Market Size Value in | US$ 1,497.50 Million in 2022 |
| Market Size Value by | US$ 2,323.98 Million by 2028 |
| Growth rate | CAGR of 7.6% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Impact of COVID-19 Pandemic on North America EDM Wire Market Growth
The US was the most affected country in North America due to the COVID-19 pandemic. Amid the strict regulations imposed by the US government during Q2 of 2020, the supply chain and import & export were disrupted. As a result, most manufacturing facilities were temporarily shut down or operating with minimum staff. Automotive, manufacturing, and many other industries were negatively affected in 2020. However, as soon as global supply chain resumed, the EDM wire market started to rise. The US automotive industry is one of the largest industries globally. In Q1 of 2022, the factories started to increase their production due to increased demand for products, which propelled the need for EDM wires.
Market Insights – EDM Wire Market
Based on geography, the EDM wire market size is primarily segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). Asia Pacific held the largest market share in 2021 and would retain its dominance during the forecast period. Also, the region is expected to register the highest CAGR in the global EDM wire market during the forecast period. The APAC EDM wire market players are witnessing high growth in the demand for EDM wires.
Asia-Pacific is dominating the EDM wire market in 2021, wherein China is expected to dominate in terms of market share. The electronics industry accounts for 20–50% of Asia's total value of exports. China is the world's largest maker of electronic appliances, including TVs, DVDs, and cell phones. According to Nikkei Inc., the Chinese government will be working on various plans with an investment of US$ 327 billion till 2023 to expand the country's domestic electronic market. Indian government is also working on the expansion of the electronics industry in the country. According to the Ministry of Electronics & IT, the domestic production of electronic goods in India reached the revenue value of US$ 74.7 billion in 2020, a CAGR of 17.9%, owing to the initiatives taken by the government and the efforts of the industry. A few of the government policies related to electronics manufacturing include the Production Linked Incentive (PLI) Schemes, Scheme for Promotion of Electronic Components and Semiconductors Promotion and Modified Electronics Manufacturing Cluster (EMC 2.0) Scheme.
EDM Wire Market Report Scope
Wire Type-Based Insights – EDM Wire Market
Based on wire type, the EDM wire market is segmented into brass, zinc-coated, and non-coated. The brass segment accounted for the largest share in the market in 2021. The wire provides good machining speed and high accuracy in cutting the metal. Also, the excellent straightness of the wire offers improved automatic threading capability, which propels the demand for brass EDM wire in the market.
EDM wire market players are mainly focused on the development of advanced and efficient systems. For instance;
- In 2020, Makino launched the U6 H.E.A.T. Extreme, a new wire EDM machine. It is manufactured to take machining speeds to the next levels of performance as well as efficiency. At the core of these solutions is the use of a large wire with diameter —0.016” (0.4mm). It is elevating the U6 H.E.A.T. Extreme as the one of the fastest wires EDM machine.
- In 2020, OKI launched new series of EDM wires, electrode wires for wire-cut electrical discharge machines (WEDMs) that feature roundness of 0.25 microns for all its products. It is used in die machining and other processes.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Wire Type, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global EDM wire market is expected to be valued at US$ 1,497.50 million in 2022.
The increasing adoption of miniature pneumatics in electronics is anticipated to propel the demand for EDM wire with small diameters. This factor will help in promoting the growth of EDM wire market.
Increase in the production components & parts and rising government support for the manufacturing sector are some of the major driving factors contributing towards the growth of EDM wire market.
Oki Electric Cable; Sumitomo Electric; Hitachi Metals; Berkenhoff GmbH (Bedra); and Novotec BV are the five key market players operating in the global EDM wire market.
China holds the major market share of EDM wire market in 2021. China is the world’s largest manufacturing hub, it produces around 36% of the world’s electronics which includes smartphones, computers, cloud servers, and telecom infrastructure
Automotive segment held the largest share EDM wire market in 2021. The automobile manufacturers highly prefer EDM wire technology as it ensures the accuracy in molding and drilling of the largest automotive part.
The US, China, Germany, Italy, Saudi Arabia, and Brazil held the largest market share in 2021.
By 2028, the global market size of EDM wire market will be US$ 2,323.98 million.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. EDM Wire Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 Premium Insights
4.5.1 Global: EDM Wire Market
4.5.2 Geographic Region: EDM Wire Market– Volume and Forecast to 2028
4.5.3 Europe: EDM Wire Market– Volume and Forecast to 2028
4.5.4 Geographic Region: EDM Wire Market– Price/KG and Forecast to 2028
5. EDM Wire Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Production of Components and Parts
5.1.2 Rise in Government Support for Strengthening Manufacturing Sector
5.2 Market Restraints
5.2.1 Drawbacks Associated with Using EDM Wire
5.3 Market Opportunities
5.3.1 Growth Prospects in Healthcare, Automotive, and Aerospace Industries
5.4 Future Trends
5.4.1 Increasing Adoption of Miniature Pneumatics in Electronics
5.5 Impact Analysis of Drivers and Restraints
6. EDM Wire Market – Global Market Analysis
6.1 Global EDM Wire Market Overview
6.2 Global EDM Wire Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
6.3.1 Competitive Benchmarking
6.4 Growth Matrix
7. EDM Wire Market Revenue and Forecast to 2028 – Wire Type
7.1 Overview
7.2 EDM Wire Market, By Wire Type (2021 And 2028)
7.3 Brass
7.3.1 Overview
7.3.2 Brass: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
7.4 Zinc-coated
7.4.1 Overview
7.4.2 Zinc-coated: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
7.5 Non-coated
7.5.1 Overview
7.5.2 Non-coated: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8. EDM Wire Market Revenue and Forecast to 2028 – Industry
8.1 Overview
8.2 EDM Wire Market, By Industry (2021 And 2028)
8.3 Aerospace
8.3.1 Overview
8.3.2 Aerospace: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8.4 Industrial and General Mechanics
8.4.1 Overview
8.4.2 Industrial and General Mechanics: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8.5 Automotive
8.5.1 Overview
8.5.2 Automotive: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8.6 Healthcare
8.6.1 Overview
8.6.2 Healthcare: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8.7 Electronics
8.7.1 Overview
8.7.2 Electronics: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
9. EDM Wire Market – Geographic Analysis
9.1 Overview
9.2 North America: EDM Wire Market
9.2.1 North America: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: EDM Wire Market, by Wire Type
9.2.3 North America: EDM Wire Market, by Industry
9.2.4 North America: EDM Wire Market, by Key Country
9.2.4.1 US: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: EDM Wire Market, by Wire Type
9.2.4.1.2 US: EDM Wire Market, by Industry
9.2.4.2 Canada: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: EDM Wire Market, by Wire Type
9.2.4.2.2 Canada: EDM Wire Market, by Industry
9.2.4.3 Mexico: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: EDM Wire Market, by Wire Type
9.2.4.3.2 Mexico: EDM Wire Market, by Industry
9.3 Europe: EDM Wire Market
9.3.1 Europe: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: EDM Wire Market, by Wire Type
9.3.3 Europe: EDM Wire Market, by Industry
9.3.4 Europe: EDM Wire Market, by Key Country
9.3.4.1 France: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 France: EDM Wire Market, by Wire Type
9.3.4.1.2 France: EDM Wire Market, by Industry
9.3.4.2 Germany: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 Germany: EDM Wire Market, by Wire Type
9.3.4.2.2 Germany: EDM Wire Market, by Industry
9.3.4.3 Italy: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: EDM Wire Market, by Wire Type
9.3.4.3.2 Italy: EDM Wire Market, by Industry
9.3.4.4 UK: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: EDM Wire Market, by Wire Type
9.3.4.4.2 UK: EDM Wire Market, by Industry
9.3.4.5 Russia: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: EDM Wire Market, by Wire Type
9.3.4.5.2 Russia: EDM Wire Market, by Industry
9.3.4.6 Rest of Europe: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: EDM Wire Market, by Wire Type
9.3.4.6.2 Rest of Europe: EDM Wire Market, by Industry
9.4 APAC: EDM Wire Market
9.4.1 APAC: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: EDM Wire Market, by Wire Type
9.4.3 APAC: EDM Wire Market, by Industry
9.4.4 APAC: EDM Wire Market, by Key Country
9.4.4.1 Australia: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: EDM Wire Market, by Wire Type
9.4.4.1.2 Australia: EDM Wire Market, by Industry
9.4.4.2 China: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: EDM Wire Market, by Wire Type
9.4.4.2.2 China: EDM Wire Market, by Industry
9.4.4.3 India: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: EDM Wire Market, by Wire Type
9.4.4.3.2 India: EDM Wire Market, by Industry
9.4.4.4 Japan: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: EDM Wire Market, by Wire Type
9.4.4.4.2 Japan: EDM Wire Market, by Industry
9.4.4.5 South Korea: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: EDM Wire Market, by Wire Type
9.4.4.5.2 South Korea: EDM Wire Market, by Industry
9.4.4.6 Rest of APAC: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: EDM Wire Market, by Wire Type
9.4.4.6.2 Rest of APAC: EDM Wire Market, by Industry
9.5 MEA: EDM Wire Market
9.5.1 MEA: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: EDM Wire Market, by Wire Type
9.5.3 MEA: EDM Wire Market, by Industry
9.5.4 MEA: EDM Wire Market, by Key Country
9.5.4.1 South Africa: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: EDM Wire Market, by Wire Type
9.5.4.1.2 South Africa: EDM Wire Market, by Industry
9.5.4.2 Saudi Arabia: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: EDM Wire Market, by Wire Type
9.5.4.2.2 Saudi Arabia: EDM Wire Market, by Industry
9.5.4.3 UAE: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: EDM Wire Market, by Wire Type
9.5.4.3.2 UAE: EDM Wire Market, by Industry
9.5.4.4 Rest of MEA: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: EDM Wire Market, by Wire Type
9.5.4.4.2 Rest of MEA: EDM Wire Market, by Industry
9.6 SAM: EDM Wire Market
9.6.1 SAM: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: EDM Wire Market, by Wire Type
9.6.3 SAM: EDM Wire Market, by Industry
9.6.4 SAM: EDM Wire Market, by Key Country
9.6.4.1 Brazil: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: EDM Wire Market, by Wire Type
9.6.4.1.2 Brazil: EDM Wire Market, by Industry
9.6.4.2 Argentina: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: EDM Wire Market, by Wire Type
9.6.4.2.2 Argentina: EDM Wire Market, by Industry
9.6.4.3 Rest of SAM: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: EDM Wire Market, by Wire Type
9.6.4.3.2 Rest of SAM: EDM Wire Market, by Industry
10. EDM Wire Market - COVID-19 Impact Analysis
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 APAC: Impact Assessment of COVID-19 Pandemic
10.5 MEA: Impact Assessment of COVID-19 Pandemic
10.6 South America Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Mergers and Acquisition
11.4 New Product Development
12. Company Profiles
12.1 Berkenhoff GmbH
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 boway Group
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Hitachi Metals Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sumitomo Electric Industries, Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Novotec
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Opecmade, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Oki Electric Cable Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Thermo Compact
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Yuang Hsian Metal Industrial Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Ningbo Kangqiang Micro-Electronics Technology Co., Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 JIA BAO Metal Co., Ltd.
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Global: EDM Wire Market– Volume and Forecast to 2028 (Million KG)
Table 2. Geographic Region: EDM Wire Market– Volume and Forecast to 2028 (Million KG)
Table 3. Europe: EDM Wire Market– Volume and Forecast to 2028 (Million KG) – by Country
Table 4. Geographic Region: EDM Wire Market– Price/KG and Forecast to 2028
Table 5. Global EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. North America: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: EDM Wire Market, by Wire Type–Revenue and Forecast to 2028 (US$ Million)
Table 9. US: EDM Wire Market, by Industry–Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 16. France: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. France: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 20. Italy: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Italy: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 22. UK: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. UK: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 24. Russia: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 25. Russia: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Europe: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Europe: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 28. APAC: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. APAC: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 30. Australia: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 31. Australia: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 32. China: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 33. China: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 34. India: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 35. India: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 36. Japan: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. Japan: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 38. South Korea: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 39. South Korea: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 40. Rest of APAC: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. Rest of APAC: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 42. MEA: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. MEA: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 44. South Africa: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. South Africa: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 46. Saudi Arabia: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. Saudi Arabia: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 48. UAE: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 49. UAE: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 50. Rest of MEA: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 51. Rest of MEA: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 52. SAM: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 53. SAM: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 54. Brazil: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 55. Brazil: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 56. Argentina: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 57. Argentina: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of SAM: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 59. Rest of SAM: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 60. List of Abbreviation
LIST OF FIGURES
Figure 1. EDM Wire Market Segmentation
Figure 2. EDM Wire Market Segmentation – By Geography
Figure 3. Global EDM Wire Market Overview
Figure 4. EDM Wire Market, by Wire Type
Figure 5. EDM Wire Market, by Industry
Figure 6. EDM Wire Market, by Geography
Figure 7. North America – PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. APAC – PEST Analysis
Figure 10. MEA – PEST Analysis
Figure 11. SAM – PEST Analysis
Figure 12. EDM Wire Market- Ecosystem Analysis
Figure 13. Global Manufacturing Output
Figure 14. EDM Wire Market: Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of EDM Wire Market
Figure 16. Global EDM Wire Market Revenue Forecast and Analysis (US$ Million)
Figure 17. Competitive Benchmarking
Figure 18. Competitive Benchmarking
Figure 19. Growth Matrix
Figure 20. EDM Wire Market, By Wire Type (2021 and 2028)
Figure 21. Brass: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Zinc-coated: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Non-coated: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. EDM Wire Market, By Industry (2021 and 2028)
Figure 25. Aerospace: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Industrial and General Mechanics: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Automotive: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Healthcare: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Electronics: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Others: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Global EDM Wire Market Revenue Share, by region (2021 and 2028)
Figure 32. North America: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: EDM Wire Market Revenue Share, by Wire Type (2021 and 2028)
Figure 34. North America: EDM Wire Market Revenue Share, by Industry (2021 and 2028)
Figure 35. North America: EDM Wire Market Revenue Share, by Key Country (2021 and 2028)
Figure 36. US: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Mexico: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: EDM Wire Market Revenue Share, by Wire Type (2021 and 2028)
Figure 41. Europe: EDM Wire Market Revenue Share, by Industry (2021 and 2028)
Figure 42. Europe: EDM Wire Market Revenue Share, by Key Country (2021 and 2028)
Figure 43. France: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Germany: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Italy: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. UK: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Russia: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Rest of Europe: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. APAC: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. APAC: EDM Wire Market Revenue Share, by Wire Type (2021 and 2028)
Figure 51. APAC: EDM Wire Market Revenue Share, by Industry (2021 and 2028)
Figure 52. APAC: EDM Wire Market Revenue Share, by Key Country (2021 and 2028)
Figure 53. Australia: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. China: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. India: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. Japan: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. South Korea: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Rest of APAC: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. MEA: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. MEA: EDM Wire Market Revenue Share, by Wire Type (2021 and 2028)
Figure 61. MEA: EDM Wire Market Revenue Share, by Industry (2021 and 2028)
Figure 62. MEA: EDM Wire Market Revenue Share, by Key Country (2021 and 2028)
Figure 63. South Africa: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Saudi Arabia: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. UAE: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of MEA: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. SAM: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. SAM: EDM Wire Market Revenue Share, by Wire Type (2021 and 2028)
Figure 69. SAM: EDM Wire Market Revenue Share, by Industry (2021 and 2028)
Figure 70. SAM: EDM Wire Market Revenue Share, by Key Country (2021 and 2028)
Figure 71. Brazil: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. Argentina: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Rest of SAM: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. Impact of COVID-19 Pandemic on North American Country Markets
Figure 75. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 76. Impact of COVID-19 Pandemic on APAC Country Markets
Figure 77. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 78. Impact of COVID-19 Pandemic on South & Central America Country Markets
The List of Companies - EDM wire Market
- Berkenhoff GmbH
- Hitachi Metals Ltd.
- Sumitomo Electric Industries, Ltd.
- Novotec
- Opecmade, Inc.
- Oki Electric Cable Co., Ltd.
- Thermo Compact
- Yuang Hsian Metal Industrial Corporation
- Ningbo Kangqiang Micro-Electronics Technology Co., Ltd
- JIA BAO Metal Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to EDM Wire Market
Oct 2022
Pluggable Optics for Data Center Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Switches, Routers, and Servers), Data Rate (100–400 Gb/s, 400–800 Gb/s, and 800 Gb/s and above), and Geography
Oct 2022
Collaborative Robots Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Payload (Up to 5 Kgs, 5-10 Kgs, and Above 10 Kgs), Application (Assembly, Material Handling, Pick & Place, Quality Testing, Packaging, Machine Tending, Welding, and Others), Type (Robotic Arm, Grippers, Welding Guns, and Others), End-User Industry (Automotive, Metal & Machinery, Electronics, Pharmaceuticals, Food & beverages, Logistics, and Others), and Geography
Oct 2022
Analog to Digital Converter Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Integrating Analog to Digital Converters, Delta-Sigma Analog to Digital Converters, Successive Approximation Analog to Digital Converters, Ramp Analog to Digital Converters, and Others), Resolution (8-Bit, 10-Bit, 12-Bit, 14-Bit, 16-Bit, and Others), and Application (Industrial, Consumer Electronics, Automotive, Healthcare, Telecommunication, and Others), and Geography
Oct 2022
Adaptive Traffic Control System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Hardware, Software, and Services), Component (OPAC, SCOOT, RHODES, and SCATS), and Application [Highways and Urban (Cities)] and Geography
Oct 2022
3D Audio Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services) and End Use Industries (Consumer Electronics, Automotive, Media and Entertainment, Gaming, and Others)
Oct 2022
Data Center Cooling Fans Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Axial Fans, Centrifugal Fans, Mixed Flow Fans, and Others), Data Center Type (Hyperscale Data Center, Colocation Data Center, Wholesale Data Center, Enterprise Data Center, and Edge Data Center), and Geography
Oct 2022
Chillers Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Chiller Technology (Air-Cooled, Water-Cooled, and Steam-Fired), Technology (Process Chillers, Scroll Chillers, Screw Chillers, Centrifugal Chillers, Absorption Chillers, Modular Chillers, and Reverse Cycle Chillers), and Application (Commercial, Industrial, and Residential) and Geography
Oct 2022
Valve Actuator Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By End-user (Mining, LNG, Chemical, Oil and Gas, Water and Wastewater, Others), Product Type (Electrical, Manual, Hydraulic, Pneumatic), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America)
Get Free Sample For