EDM Wire Market Analysis Report 2023 to 2028
EDM Wire Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1.5 Billion |
| Market Size by 2028 | US$ 2.32 Billion |
| Global CAGR (2022 - 2028) | 7.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Wire Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
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.
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