Increasing use of complex materials in production spurs demand for electrical discharge machines.
The global market for EDMs is projected to reach €8.0 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. EDM-ing, 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 fueling 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.
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.
UHMC machines are equipment comprising of electrical discharge machining (EDM) and laser cutting machines, which are used to cut ultra-hard materials (whose hardness value exceeds 40 gigapascals), such as polycrystalline diamond or polycrystalline cubic boron nitride. The manufacturing industry has experienced radical changes in processes that are used for fabricating and engineering products. Earlier, goods were produced manually. Subsequently, with advances in technology, machines were used to build goods.
Industry analysts forecast the global ultra hard material cutting machine Market to grow at a CAGR of 10.07% during the period 2018-2022.
Of course, many organizations are looking even further ahead into the next decade. For example, a recent report by Transparency Market Research (TMR) predicts that the ultra-hard material cutting machine USA market will be worth USD $1.81 billion by 2024. The global ultra-hard material cutting machine market primarily encompasses electrical discharge machines (EDM) and laser cutting machines.
The market was valued at $730 million in 2015, meaning that it is expected to expand at a compound annual growth rate of 10.8 percent from 2016 to 2024. In terms of volume, the market is expected to reach 6,661 units by the end of 2024.
Electrical discharge machines (EDM) market is projected to witness a compound annual growth rate of 7.20% during the forecast period, reaching a total market size of US$6.077 billion in 2023 from US$4.005 billion in 2017.
Rising demand for medical implants is driving the use of EDM-based machining, thus, boosting the growth of EDM market. Growing production of light-weight vehicles also contributes to the growth of EDM market. Increasing use of complex materials and components including alloys and ceramics augments the demand for electrical discharge machining across manufacturing sector which bolsters the growth of global EDM market.
Geographically, APAC (Asian-Pacific) will witness the fastest regional market growth during the forecast period owing to expanding manufacturing base and production capacity of EDM manufacturers in countries like China.
2018 marks the 40 year anniversary of the discovery of spark erosion for the efficient forming of polycrystalline diamonds (PCD) by Horst Lach (Lach Diamant). The discovery in 1978 marks a milestone in the history of polycrystalline cutting tools .
This idea sparked the awareness and increasing use of PCD, a newly launched cutting material, on a previously inconceivable scale. Today, in 2018, PCD tools are firmly established within the industry.
Polycrystalline tools are an integral part of aluminium machining in the automobile and accessories industry, in wood and composite machining in the furniture, flooring, and laminate manufacturing industries, as well as in plastic and circuit board manufacturing and other industries.
SAN FRANCISCO, June 25, 2018 /PRNewswire/ --
Global Electrical Discharge Machines Market is expected to grow at a significant CAGR in the upcoming years as the scope, Product Types, and its applications are increasing across the globe. Electric discharge machines (EDM) are characterized Spark eroding, or spark machining, or wire burning, or burning, or die to sink. With the help of electrical discharges (sparks), the desired shape of the material is obtained. The two electrodes are separated by a dielectric liquid and subject to an electric voltage. One of these electrodes is referred to as tool-electrode or imply electrode; while the other one is termed as a workpiece - electrode. Furthermore, Electrical Discharge Machining (EDM) is a measured procedure of metal-removal that is used to eliminate metal by means of electric spark corrosion. When potential difference occurs between the two electrodes, the intensity of the electric field in the volume between the electrodes becomes greater than the strength of the dielectric. When the dielectric breaks down, the current can flow. Electrical Discharge Machines Market is segmented By Product into Wire EDM, RAM EDM, Small-hole EDM. Electrical Discharge Machines Market is segmented By End Users into Aerospace and defense, Automotive, Machine shop, Medical. Electrical Discharge Machines Market is segmented, By Geographical Region into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
Wire cut Electric Discharge Machine Market: Market Dynamics
The rise in automation is one of the major factor driving the growth of the wire cut electric discharge machine market. The companies are seeking the rise in demand from the market when they are accepting the automation as the work criteria during manufacturing. This led the automation to be the driver for the market. The demand for the improved quality products and machines is another factor to be driving the growth in the wire cut electric discharge machine market. The product to the consumer must be precise in shape which will bring the rise in demand from the market. The wire cut electric discharge machine is made so to complete the process in such a way that the cutting and shaping are done and alongside protecting the exact shape of the work piece. The increase in demand for the products used in mechanical engineering has also grown the demand for the wire cut electric discharge machine in the market. The trend in the market to use the light weight products and the tools used in the machines has deliberately come from the wire cut electric discharge machine market.
Wire cut Electric Discharge Machine Market: Regional Outlook
The wire cut electric discharge machine market can be segmented on the basis of geography into seven regions as North America, Eastern Europe, Latin America, Japan, APAC (Asian-Pacific), Western Europe and MEA (Middle-East and Africa). APAC market is the dominating market in the wire cut electric discharge machine market globally. China is expected to rise in the forecast period surpassing the North America region. The North America is the leading region in the market with the highest number of sales. The APAC market demand is rising and is expected to be the leading vendor in the forecast period. The European market is also expected to rise from its current economic condition and the demand will increase in Germany and Italy later in the forecast period.
With the slowdown in world economic growth, the EDM industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, EDM market size to maintain the average annual growth rate of 3.83% from 670 million $ in 2014 to 750 million $ in 2017, BisReport analysts believe that in the next few years, EDM market size will be further expanded, we expect that by 2022, The market size of the EDM will reach 885 million $.
Global electrical discharge machine market was valued at around USD 4.85 billion in 2018 and is expected to reach approximately USD 7.97 billion in 2024, growing at a CAGR of slightly above 8.1% between 2018 and 2024.
New York, NY, Oct. 12, 2018
Electrical discharge machining is a process of removing desired material from any workpiece by inducing the electrical spark in between workpiece and electrode. The created electric spark induces immense heat ranging from 8000 to 12000°C, which can melt almost any material. Wire cutting EDM is a high precision method for cutting nearly any electrically conducting material. Wire cut EDM process is significantly opted by the automotive industry for various metal mold applications such as molding steel headlights. Automobile manufacturers highly prefer EDM procedure as it ensures molding and drilling of the largest automotive part too. Globally, the automotive sector attained the value of USD 61.85 billion in the year 2012 and is anticipated to account for the value of around 90.49 billion by 2020. In the year 2017, nearly 98.9 million motor vehicles were produced worldwide. The automotive sector has been estimated to be the highest growing segment in the forecast period. China is observed to be the major contributor in driving the market demand due to the flourishing automotive sector of the region that accounted for USD 15.75 billion in 2017. The decent rise in the automotive industry has simultaneously accelerated the market demand of electrical discharge machines. However, the EDM is quite a complex procedure involving numerous stages. Involvement of a large number of devices results in increased raw material and manufacturing expenses. High manufacturing expense is restraining the market growth to some extent.
Being an effective thermal machining procedure, EDM is highly opted for machining and molding ceramic materials. EDM is significantly effective, irrespective of the strength and hardness of the ceramic material, because of which it is preferred over the conventional techniques. EDM not only ensures stability but also accounts high removal rate of ceramic materials. The demand for advanced ceramic material has accounted for more than 7% of growth in the year 2015 and is observed to be substantially growing in the upcoming years as well. Implementation of EDM for machining ceramics is anticipated to create enormous opportunity for electrical discharge machine market in the upcoming years.
The electrical discharge machine market is categorized based on product, end-user industry, and geography. The product segment of the electrical discharge machine market includes die sinking EDM, wire cutting EDM, and small-hole EDM. The wire cut EDM is observed to be the largest market share holder and is anticipated to grow remarkably in the upcoming years as well. The main reason for the highest growth rate is diversified benefits offered such as reduced cost, high reliability, and stress-free cutting facility. The wire cut segment is anticipated to attain CAGR of more than 8.4% in the forecast period. EDM is implemented in various end-use industries for diversified applications, some of the major end-use industries are aerospace and defense, manufacturing, automotive, healthcare, and others. The automotive segment is anticipated to be the highest growing segment due to boosting demand for automobiles in numerous emerging countries globally.
Based on geography, the electrical discharge machine market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa along with further country-wise segmentation. Metal cutting and mounding are one of the prime applications of EDM. North America is anticipated to be one of the most growing regions in the forecast period due to the presence of globally renowned major players of metal industries in this region. The U.S. is one of the major producers of metal and was the third largest producer of steel globally in the year 2014. In the year 2014, the U.S. produced more than 28 million metric tons of pig iron and approximately 89 million tons of steel in more than 69,001 foundries. In the year 2013, more than 111 specialty mills were in the U.S. that manufactured 59% of the U.S. steel production.
Presently, Europe is the second largest shareholder after Asia Pacific due to the presence of the flourishing machine tool market. EDM is preferred over numerous machine tools for critical cutting, drilling, and shaping. Presence of largest machine tool producing European countries such as Germany, Italy, and Switzerland has significantly contributed to accelerating the electrical discharge machine market demand. European manufacturing equipment production accounted for more than USD 19.3 billion in the year 2010. In the year 2017, Germany, Italy, and Switzerland were the largest European manufacturing equipment producers owing to the share of 46.2%, 19.3%, and 12% respectively. The European manufacturing equipment consumption is anticipated to grow at the rate of more than 3.2% in the year 2018. In the year 2010, Austria, Spain, and Turkey also contributed to some extent, holding a share of 3.9%, 3.8%, and 2.6% in European manufacturing equipment production market.
In the year 2017, Asia Pacific accounted for the largest share of more than 50% of the electrical discharge machine market. The presence of emerging automotive sector is the major factor driving the market demand and is anticipated to be the dominating region from 2016 to 2020 as well. Compared to other conventional approaches, EDM is highly preferred for molding critical automotive parts such as headlights. Boosting automobile demand in numerous Asian countries such as India, Thailand, Vietnam, Indonesia, and China is responsible for the substantial growth of electrical discharge machine market in the region. The automotive industry is anticipated to grow with more than 5% rate from the year 2010 to 2020. In the year 2015, China accounted for USD 27.5 billion of manufacturing equipment consumption holding more than 68.2% share of Asian manufacturing equipment consumption. Japan and China are the significant shareholders after China holding the share of 14.4% and 3.8% of the Asian manufacturing equipment consumption.
Numerous local and international manufacturers are focusing on developing low-cost EDMs, thereby making the market substantially competitive.