Comprehensive Report on Global Electrical Discharge Machines (EDM) Market

The electrical discharge machines (EDM) market was valued at US$4.005 billion in 2017 and is projected to expand at a CAGR of 7.20% over the forecast period to reach US$6.077 billion by 2023. Electrical discharge machining is a nontraditional precision machining process, whereby a typically conductive material workpiece has features created by the controlled erosion of a material using electrical discharges (sparks). EDM plays an important role in manufacturing processes for a broad range of industries such as electronics, medical, and aerospace manufacturing and is also essential for manufacturing precision military parts.

                       

The market is expected to grow at a steady pace owing to the increasing usage of EDM’s in medical manufacturing and power generation as they provide superior accuracy and precision and incorporation of advanced technologies in electrical discharge machines so as to provide flexibility to accommodate the incredible demands of a constantly changing and rapidly evolving industry. However, slow material removal rate, additional time and cost required in case of RAM/Sink EDM, and availability of traditional machine processes can restrain the market’s growth. Region-wise, Asia Pacific is expected to grow at an impressive rate over the forecast period owing to the growing automotive, manufacturing and healthcare sector in the region.

Increasing Need For Precision Machine Parts in Various Machine :

Electrical discharge machines (EDMs) are widely used in the manufacturing industry to produce geometrically complex high precision gears, mechanical components, and quick turn prototypes. High precision requirement on hard materials among industries such as automotive, healthcare, and others is driving the demand for electrical discharge machines. Widening skill-set gaps and increasing usage of tough and exotic materials in the market are other factors that are bolstering the demand for electrical discharge machines. 

                             

Designing on implantable devices such as screws, replacement joints, orthodontic braces and dental pieces by conventional methods are difficult because of the extreme toughness of these materials. This is the major reason why EDM’s are extensively being used in medical manufacturing as it machines complex components in an economical manner.we have covered all segments of this market like size, share, forecast in detail in the market research report. 
Global Electrical Discharge Machines (EDM) Market Forecast by End User Industry:

By End user industry, the electrical discharge machines market is segmented as manufacturing, energy and power, electrical and electronics, healthcare, automotive, and others. Manufacturing dominates the global EDM market owing to increasing manufacturing base, especially across the APAC region.

ManuFacturing:

The market for electrical discharge machines in the manufacturing industry was valued at US$XX.XX billion in 2017 and is expected to grow at CAGR of XX.XX% to reach US$XX.XX billion in 2023. This industry, after witnessing a tumultuous decade, is now witnessing a steady uptick in both developing and developed economies across the globe. Huge investments are being poured into this industry by major industry players who wish to capitalize on the growth potential this industry holds. While a good share of these investments is apportioned for business expansion, a significant part of these investments is aimed at improving competitiveness. Growth of aligned industry verticals and continuous pressure on the industry players towards improving the overall quality of solutions offered to the end users is steering them rapidly towards advanced technologies which can offer them a better blend of efficiency and quality manufacturing. As desired results are difficult to achieve by traditional technologies, the demand for electrical discharge machines is growing rapidly, thus driving the market growth. The electrical discharge machines market for the manufacturing industry is expected to witness impressive growth over the projected period as factory automation continues to gain traction. In conjunction with this, increasing penetration of the Internet of Things (IoT) and improving software usability across this industry will also be instrumental in the growth of electrical discharge machines market over the forecast period.
Global Electrical Discharge Machines (EDM) Market by Geography:
Geographically, electrical discharge machines (EDM) market is segmented as North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. North America and Europe hold the major share of the global electrical discharge machines market. European market’s dominance is attributed to the strong growth of end-user industries including aerospace and automotive and the corresponding boost to tool making industry in the region. According to International Special Tooling and Machining Association (ISTMA), tools and the mold-making industry is experiencing a positive response in terms in sales and exports as companies in European countries such as Portugal are heavily investing in new technologies to guarantee flexible solutions to their clients. 

                       

According to the tooling division of the German Mechanical Engineering Industry Association (VDMA Werkzeugbau), the German toolmaking industry recorded an estimated sales growth of 5% in 2017. APAC, however, will witness the fastest regional market growth during the projected period owing to expanding manufacturing base supported by the growing adoption of automation across different industries in countries like India, China, and Australia.  

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