Global EDM Wire Market
Electrical And Electronics Manufacturing

Insights Into The EDM Wire Market’s Growth Opportunities Through 2023-2032 – Includes EDM Wire Market Research

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

 

The expanding automotive industry is expected to drive innovation in EDM wire manufacturing, driving the market during the forecast period.

 

The global EDM wire market is expected to grow from $2.22 billion in 2022 to $2.39 billion in 2023 at a compound annual growth rate (CAGR) of 7.67%. The EDM wire market is expected to reach $3.01 billion in 2027 at a CAGR of 5.91%.

 

Get A Free Sample On The Global EDM Wire Market Report:
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Global EDM Wire Market Segments Include:

  • By Wire Type: Brass, Zinc-Coated, Non-Coated
  • By Industry: Aerospace, Industrial And General Mechanics, Automotive, Healthcare, Electronics, Other Industries
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global EDM wire market in 2021.

 

Major Market Players in the EDM wire market include Berkenhoff GmbH, Hitachi Metals Ltd., Sumitomo Electric Industries, Ltd., Novotec, Opecmade, Inc., Oki Electric Cable Co., Ltd., Thermo Compact, Yuang Hsian Metal Industrial Corporation.

 

Strategic collaboration is a growing trend in the EDM wire market. Major players have formed a collaboration to pool their resources and expand into new markets. For example, in November 2020, Pennsylvania College of Technology, a public university in the United States, announced a collaboration with Sodick to develop electrical discharge machines for educational purposes. These new devices include ethernet connectivity, touch screens, and thumb drives, which improve productivity and learning opportunities for our students. Sodick is an EDM machine and linear motor-driven EDM manufacturer based in the United States. HCL Technologies (HCL), an India-based information technology services and consulting firm, will partner with CIM Technology LLC in September 2020. Through this collaboration, CAM Works will have exclusive access to CIM Technology’s Wire EDM programming software. Users of CAMWorks will now have access to more sophisticated Wire EDM programming features for cutting precise and complex parts. CIM Technology is a company based in the United States that provides a manufacturing production management system.

 

The EDM Wire Global Market Report 2023 provides a EDM wire market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The EDM wire market forecast analyzes EDM wire market size, EDM wire market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

 

EDM wire is a conductive wire used in electrical discharge machining (EDM) to cut or shape a workpiece. Metal erosion caused by an electrical discharge between the tool’s two electrodes (cathode) and the work surface removes metal from the work surface during electrical discharge machining (anode).

 

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