Global EDM Wire Market Report 2024

EDM Wire Global Market Report 2024 – By Wire Type( Brass, Zinc-Coated, Non-Coated), By Industry( Aerospace, Industrial And General Mechanics, Automotive, Healthcare, Electronics, Other Industries) – Market Size, Trends, And Global Forecast 2024-2033

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EDM Wire Market Definition And Segments

EDM (electrical discharge machining) wire is a wire used in electrical discharge machining (EDM) to cut or shape a workpiece, often a conductive material. Electrical discharge machining removes metal from the work surface due to metal erosion brought on by an electrical discharge between the two electrodes of the tool (cathode) and the work surface (anode).

The main types of EDM wire are brass, zinc-coated, and non-coated. Brass wires for EDM are commonly made of an alloy with a Cu/Zn ratio ranging from 63/37 (American and European) to 65/35 (Asian). Brass wires are used to cut or shape a workpiece, usually a conductive material, while eliminating cutting stress and changing in mechanical properties of the workpiece. The EDM wire is used in aerospace, industrial and general mechanics, automotive, healthcare, electronics, and others.

The EDM wire market covered in this report is segmented –

1) By Wire Type: Brass, Zinc-Coated, Non-Coated

2) By Industry: Aerospace, Industrial And General Mechanics, Automotive, Healthcare, Electronics, Other Industries

The EDM wire market size has grown strongly in recent years. It will grow from $2.36 billion in 2023 to $2.51 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to advancements in manufacturing processes, increased demand for precision machining, growing aerospace and automotive industries, tool and die production, increased complexity in component design, material innovations, demand for high-quality surface finishes, tool wear challenges.

The EDM wire market size is expected to see strong growth in the next few years. It will grow to $3.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to advancements in EDM wire machinery, biomedical implant production, demand for micro-manufacturing, increasing applications in electronics packaging, efforts to reduce environmental impact, global expansion of semiconductor industry, customization in automotive manufacturing. Major trends in the forecast period include nano EDM wire technology, wire EDM for 3d printing post-processing, high-speed EDM wire cutting, smart manufacturing integration, hybrid machining solutions, integration with advanced materials, computer-aided design (cad).

Surging Automotive Industry Boosts Growth In The EDM Wire Market

The proliferating automotive industry is driving the growth of the EDM wire market. The automotive industry comprises all enterprises and activities involved in manufacturing automobiles, including many components, such as their bodies and engines, but omitting their tires, batteries, and gasoline. The automobile industry, especially the electric vehicle, is booming due to increased fuel prices. EDM wire is an efficient and inventive method for producing intricately machined metal parts tailored to particular requirements. For instance, according to a study released by the European Automobile Manufacturers Association in April 2022, 79.1 million automobiles were produced globally in 2021, rising 1.3% from the previous year. Therefore, proliferating automobiles is expected to propel the growth of the EDM wire market.

Rising Demand For Medical Devices Fuels Growth In EDM Wire Market

The increase in demand for medical devices is expected to propel the growth of the EDM wire market going forward. Medical devices are instruments, apparatuses, machines, or implants that are designed and manufactured to be used for medical purposes. The use of EDM wire in the medical device industry contributes to the production of high-precision components, implants, and instruments that meet the stringent requirements of the healthcare sector. For instance, in January 2021, according to the Government Digital Service, a UK-based government body, in the UK, there are over 600,000 medical devices on the market in 2021. Further, in 2023, according to the KPMG International Limited, a Netherlands-based professional services network, the global sales of medical devices are expected to increase by 5% to reach $800 billion by 2023. Therefore, the increase in demand for medical devices is driving the growth of the EDM market.

Major companies operating in the EDM wire market report are Berkenhoff GmbH, Hitachi Metals Ltd., Sumitomo Electric Industries Ltd., Novotec BV, Opecmade Inc., Oki Electric Cable Co. Ltd., Thermo Compact SA, Yuang Hsian Metal Industrial Corporation, Ningbo Kangqiang Micro-Electronics Technology Co. Ltd., JIA BAO Metal Co. Ltd., Xact Wire EDM Corporation, Wire Cut Company Inc., Makino Milling Machine Co. Ltd., Powerway Group Co. Ltd., Tamra Dhatu Udyog Pvt. Ltd., Senor Metals Pvt. Ltd., YUANG HSIAN METAL INDUSTRIAL CORP., J. G. Dahmen GmbH & Co. KG, Mitsubishi Electric Corporation, Sodick Co. Ltd., GF Machining Solutions LLC, ONA EDM USA Inc., Accutex Technologies Co. Ltd., Excetek Technologies Co. Ltd., CHING HUNG MACHINERY & ELECTRIC INDUSTRIAL CO. LTD., Kent Industrial USA Inc., MC Machinery Systems Inc., Absolute Machine Tools Inc., Belmont Equipment & Technologies, EDM Network Inc.

Gf Machining Solutions Sets New Standards With Cut F Series Wire EDM System

Major companies operating in the EDM wire market are innovating new products such as wire electrical discharge machining (EDM) systems to increase their profitability in the market. Wire Electrical Discharge Machining (EDM) systems are very sophisticated machining instruments that are used to accurately carve cavities or complex shapes in pre-hardened steel and other conductive materials. For instance, in April 2023, GF Machining Solutions, a Switzerland-based machining company launched Cut F series of wire electrical discharge machining (EDM) system. The workpiece is immersed in a dielectric fluid tank, typically containing deionized water, and the wire is run through it. Due to its capacity to create high accuracy and complicated forms, this non-contact method is extensively utilized in numerous sectors and can mill components regardless of their hardness. As with other wire EDM systems, the Cut F series is made to cut precisely and efficiently, which makes it ideal for uses in aerospace, medical equipment, high-grade dies, and other fields.

Advancements In The EDM Wire Market

Major companies operating in the EDM wire market are innovating new technological products such as EDM Machine to increase their profitability in the market. Electrical Discharge Machining (EDM) is a manufacturing process that is used to create complex shapes in hard materials. For instance, in October 2023, AccuteX, a Taiwan-based machining manufacturing company launched AZ-600A Wire Cut EDM Machine. This device aims to revolutionize industrial productivity and precise engineering. It belongs to the AccuteX AZ-600 series, which is leading the way in wire cut EDM machine advancement and represents innovation in the industry. The machine's design strikes the ideal mix between productivity and accuracy to meet the changing demands of the industrial sector.

Boway Group Enhances Market Position With Acquisition Of Berkenhoff Gmbh

In September 2021, Boway Group, a China-based manufacturing company acquired Berkenhoff GmbH for an undisclosed amount. The acquisition offered Boway Group excellent potential, helped it strengthen its brand and market position in Europe, and allowed the parties to work together more effectively in the area of high-end precision electrode wires. Berkenhoff GmbH is a Germany-based manufacturer and distributor of precision wires.

Asia-Pacific was the largest region in the EDM wire market in 2023. The regions covered in the EDM wire market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the EDM wire market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The EDM wire market consists of sales of copper-coated and paraffin-coated EDM wires. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The EDM Wire market research report is one of a series of new reports from The Business Research Company that provides EDM Wire market statistics, including EDM Wire industry global market size, regional shares, competitors with a EDM Wire market share, detailed EDM Wire market segments, market trends and opportunities, and any further data you may need to thrive in the EDM Wire industry. This EDM Wire market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

    Table Of Contents

    1. Executive Summary

    2. EDM Wire Market Characteristics

    3. EDM Wire Market Trends And Strategies

    4. EDM Wire Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global EDM Wire Market Size and Growth

    5.1. Global EDM Wire Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global EDM Wire Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global EDM Wire Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. EDM Wire Market Segmentation

    6.1. Global EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Brass

    Zinc-Coated

    Non-Coated

    6.2. Global EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Aerospace

    Industrial And General Mechanics

    Automotive

    Healthcare

    Electronics

    Other Industries

    7. EDM Wire Market Regional And Country Analysis

    7.1. Global EDM Wire Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global EDM Wire Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific EDM Wire Market  

    8.1. Asia-Pacific EDM Wire Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China EDM Wire Market  

    9.1. China EDM Wire Market Overview  

    9.2. China EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India EDM Wire Market  

    10.1. India EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan EDM Wire Market  

    11.1. Japan EDM Wire Market Overview  

    11.2. Japan EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia EDM Wire Market  

    12.1. Australia EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia EDM Wire Market  

    13.1. Indonesia EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea EDM Wire Market  

    14.1. South Korea EDM Wire Market Overview  

    14.2. South Korea EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe EDM Wire Market  

    15.1. Western Europe EDM Wire Market Overview

    15.2. Western Europe EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK EDM Wire Market  

    16.1. UK EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany EDM Wire Market  

    17.1. Germany EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France EDM Wire Market  

    18.4. France EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.5. France EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy EDM Wire Market  

    19.7. Italy EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.8. Italy EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain EDM Wire Market  

    20.10. Spain EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.11. Spain EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe EDM Wire Market  

    21.1. Eastern Europe EDM Wire Market Overview

    21.2. Eastern Europe EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia EDM Wire Market  

    22.1. Russia EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America EDM Wire Market  

    23.1. North America EDM Wire Market Overview

    23.2. North America EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA EDM Wire Market  

    24.1. USA EDM Wire Market Overview

    24.2. USA EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada EDM Wire Market  

    25.1. Canada EDM Wire Market Overview

    25.2. Canada EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America EDM Wire Market  

    26.1. South America EDM Wire Market Overview

    26.2. South America EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil EDM Wire Market  

    27.1. Brazil EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East EDM Wire Market  

    28.1. Middle East EDM Wire Market Overview

    28.2. Middle East EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa EDM Wire Market  

    29.1. Africa EDM Wire Market Overview

    29.2. Africa EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. EDM Wire Market Competitive Landscape And Company Profiles

    30.1. EDM Wire Market Competitive Landscape

    30.2. EDM Wire Market Company Profiles

    30.2.1. Berkenhoff GmbH

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Hitachi Metals Ltd.

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Sumitomo Electric Industries Ltd.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Novotec BV

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Opecmade Inc.

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global EDM Wire Market Competitive Benchmarking

    32. Global EDM Wire Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The EDM Wire Market

    34. EDM Wire Market Future Outlook and Potential Analysis

    34.1 EDM Wire Market In 2028 - Countries Offering Most New Opportunities

    34.2 EDM Wire Market In 2028 - Segments Offering Most New Opportunities

    34.3 EDM Wire Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global EDM Wire Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global EDM Wire Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Asia-Pacific, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: China, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: China, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: India, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: India, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: Japan, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: Japan, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: Australia, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: Australia, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Indonesia, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Indonesia, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: South Korea, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: South Korea, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Western Europe, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Western Europe, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: UK, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: UK, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Germany, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Germany, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: France, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: France, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Italy, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Italy, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Spain, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Spain, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Eastern Europe, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: Eastern Europe, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Russia, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Russia, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: North America, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: North America, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: USA, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: USA, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Canada, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Canada, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: South America, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: South America, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Brazil, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Brazil, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Middle East, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Middle East, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Africa, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Africa, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Berkenhoff GmbH Financial Performance
  • Table 52: Hitachi Metals Ltd. Financial Performance
  • Table 53: Sumitomo Electric Industries Ltd. Financial Performance
  • Table 54: Novotec BV Financial Performance
  • Table 55: Opecmade Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global EDM Wire Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global EDM Wire Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Asia-Pacific, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: China, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: China, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: India, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: India, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: Japan, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: Japan, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: Australia, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: Australia, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Indonesia, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Indonesia, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: South Korea, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: South Korea, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Western Europe, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Western Europe, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: UK, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: UK, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Germany, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Germany, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: France, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: France, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Italy, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Italy, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Spain, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Spain, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Eastern Europe, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: Eastern Europe, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Russia, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Russia, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: North America, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: North America, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: USA, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: USA, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Canada, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Canada, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: South America, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: South America, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Brazil, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Brazil, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Middle East, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Middle East, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Africa, EDM Wire Market, Segmentation By Wire Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Africa, EDM Wire Market, Segmentation By Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Berkenhoff GmbH Financial Performance
  • Figure 52: Hitachi Metals Ltd. Financial Performance
  • Figure 53: Sumitomo Electric Industries Ltd. Financial Performance
  • Figure 54: Novotec BV Financial Performance
  • Figure 55: Opecmade Inc. Financial Performance
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Frequently Asked Questions

What is the definition of the EDM wire market?

EDM (electrical discharge machining) wire is a wire used in electrical discharge machining (EDM) to cut or shape a workpiece, often a conductive material. Electrical discharge machining removes metal from the work surface due to metal erosion brought on by an electrical discharge between the two electrodes of the tool (cathode) and the work surface (anode). For further insights on the EDM wire market, request a sample here

How will the EDM wire market drivers and restraints affect the EDM wire market dynamics? What forces will shape the EDM wire industry going forward?

The EDM wire market major growth driver - surging automotive industry boosts growth in the EDM wire market. For further insights on the EDM wire market, request a sample here

What is the forecast market size or the forecast market value of the EDM wire market ?

The EDM wire market size has grown strongly in recent years. It will grow from $2.36 billion in 2023 to $2.51 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to advancements in manufacturing processes, increased demand for precision machining, growing aerospace and automotive industries, tool and die production, increased complexity in component design, material innovations, demand for high-quality surface finishes, tool wear challenges. The EDM wire market size is expected to see strong growth in the next few years. It will grow to $3.27 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to advancements in EDM wire machinery, biomedical implant production, demand for micro-manufacturing, increasing applications in electronics packaging, efforts to reduce environmental impact, global expansion of semiconductor industry, customization in automotive manufacturing. Major trends in the forecast period include nano EDM wire technology, wire edm for 3d printing post-processing, high-speed EDM wire cutting, smart manufacturing integration, hybrid machining solutions, integration with advanced materials, computer-aided design (cad). For further insights on the EDM wire market, request a sample here

How is the EDM wire market segmented?

The EDM wire market is segmentedThe EDM wire market covered in this report is segmented –
1) By Wire Type: Brass, Zinc-Coated, Non-Coated
2) By Industry: Aerospace, Industrial And General Mechanics, Automotive, Healthcare, Electronics, Other IndustriesFor further insights on the EDM wire market,
request a sample here

Which region has the largest share of the EDM wire market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the EDM wire market in 2023. The regions covered in the EDM wire market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the EDM wire market, request a sample here.

Who are the major players in the EDM wire market?

Major companies operating in the EDM wire market report are Berkenhoff GmbH, Hitachi Metals Ltd., Sumitomo Electric Industries Ltd., Novotec BV, Opecmade Inc., Oki Electric Cable Co. Ltd., Thermo Compact SA, Yuang Hsian Metal Industrial Corporation, Ningbo Kangqiang Micro-Electronics Technology Co. Ltd., JIA BAO Metal Co. Ltd., Xact Wire EDM Corporation, Wire Cut Company Inc., Makino Milling Machine Co. Ltd., Powerway Group Co. Ltd., Tamra Dhatu Udyog Pvt. Ltd., Senor Metals Pvt. Ltd, YUANG HSIAN METAL INDUSTRIAL CORP., J. G. Dahmen GmbH & Co. KG, Mitsubishi Electric Corporation, Sodick Co. Ltd., GF Machining Solutions LLC, ONA EDM USA Inc., Accutex Technologies Co. Ltd., Excetek Technologies Co. Ltd., CHING HUNG MACHINERY & ELECTRIC INDUSTRIAL CO. LTD., Kent Industrial USA Inc., MC Machinery Systems Inc., Absolute Machine Tools Inc., Belmont Equipment & Technologies, EDM Network Inc. For further insights on the EDM wire market, request a sample here.

What are the key trends in the EDM wire market?

Major trend in the EDM wire market - gf machining solutions sets new standards with cut f series wire edm system. For further insights on the EDM wire market, request a sample here.

What are the major opportunities in the EDM wire market? What are the strategies for the EDM wire market?

For detailed insights on the major opportunities and strategies in the EDM wire market, request a sample here.

How does the EDM wire market relate to the overall economy and other similar markets?

For detailed insights on EDM wire market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the EDM wire industry?

For detailed insights on the mergers and acquisitions in the EDM wire industry, request a sample here.

What are the key dynamics influencing the EDM wire market growth? SWOT analysis of the EDM wire market.

For detailed insights on the key dynamics influencing the EDM wire market growth and SWOT analysis of the EDM wire industry, request a sample here.