San Jose, California – Global Industry Analysts Inc. (GIA) officials announce the release of a comprehensive global report on electrical discharge machines (EDM). The global market for EDMs is projected to reach $8.5 billion by 2020, driven by the increasing use of complex materials in production such as alloys, composites, and ceramics.
Defined as a production and tooling equipment for metal removal, EDM is forecast to witness strong growth. Metal shaping represents the most basic processing activity, widely common in all manufacturing processes. Growing demand for complex geometric shapes and sizes of components in various end-use sectors is spurring the importance of modern metal removal technologies based on chemical, electrical, and thermal energy. In the medical device industry, the growing popularity of minimally invasive surgical tools is resulting in unique and complex device shapes that create machining challenges that make traditional technologies unsuitable. EDMing, throughout the last decade, has made a significant impact on the machine tools industry. Rising cost of tooling & machining and increased pressure to remain competitive, represent factors fuelling interest in efficient, and effective metal removal technologies like EDM.
In contrast to conventional cutting tools, the low wear and tear of EDM is driving its adoption across diverse industry verticals including medicine and aerospace. In the medical device manufacturing end-use sector, use of EDM based machining is benefitting from the growing demand for bio-implants in the field of orthopedics, cardiology, dentistry, and ophthalmology. Also, aerospace component manufacturers are increasingly relying on EDM hole drilling technologies to manufacture complex precision parts in complex shapes. In the coming years, steady automobile production is poised to spur demand for EDM, especially computer numerical control (CNC) EDM in fabrication of automotive parts and components. The global shortage of skilled labor is driving demand for automated CNC EDM, which are computer assisted machines that automatically control the machining process for greater accuracy and precision, while simultaneously reducing human intervention. Despite the opportunities for growth, the market will continue to witness challenges such as growing threat of substitution from high speed milling (HSM) and ultrafast laser micro machining.
As stated by the new market research report on EDMs, Asia-Pacific represents the largest and the fastest growing market worldwide, with a CAGR of 11.4% over the analysis period. The growth in the region is led by broad economic factors such as rapid industrialization, increasing government focus on infrastructure development, expanding manufacturing base, rising income levels, and strong consumer demand for goods and services.
Key players covered in the report include AA EDM CORP., AccuteX EDM, Beaumont Machine, CHMER EDM, Chevalier Machinery Inc., Excetek Technology Co. Ltd., GF Machining Solutions, Kent Industrial USA Inc., Knuth Machine Tools USA Inc., Makino Milling Machine Co. Ltd., MC MACHINERY SYSTEMS INC, ONA ELECTROEROSION S.A., and Sodick Inc., among others.
The research report titled “Electrical Discharge Machines: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, challenges, mergers, acquisitions and other strategic corporate activities of major players worldwide. The report provides market estimates and projections in US dollars for major geographic markets including the U.S., Canada, Japan, Europe (France, Germany, Italy, U.K., Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest Of Latin America). Product segments analyzed for the US market include RAM and Others.
Source: Global Industry Analysts Inc.