Global EDM Wire (Consumable) Market Growth 2023-2029

Global EDM Wire (Consumable) Market Growth 2023-2029

Product Code:457032

Published Date: Feb 08,2023

Pages: 103

Region: Global

Category: Chemical & Material

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The term wire for EDM machine refers to the wire that is used to generate the electrical discharge in the wire EDM machine.

LPI (LP Information)' newest research report, the “EDM Wire (Consumable) Industry Forecast” looks at past sales and reviews total world EDM Wire (Consumable) sales in 2022, providing a comprehensive analysis by region and market sector of projected EDM Wire (Consumable) sales for 2023 through 2029. With EDM Wire (Consumable) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EDM Wire (Consumable) industry.

This Insight Report provides a comprehensive analysis of the global EDM Wire (Consumable) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on EDM Wire (Consumable) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global EDM Wire (Consumable) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EDM Wire (Consumable) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global EDM Wire (Consumable).

The global EDM Wire (Consumable) market size is projected to grow from US$ 978.3 million in 2022 to US$ 1791.2 million in 2029; it is expected to grow at a CAGR of 1791.2 from 2023 to 2029.

The main EDM wire (consumable) players include Powerway Group, Oki Electric Cable, OPECMADE Inc., THERMOCOMPACT, Hitachi Metals, etc. The top five EDM wire (consumable) players account for approximately 35% of the total global market. Europe is the largest consumer market for EDM wire (consumable) accounting for about 27%, followed by China and North America. In terms of Type, No Coated Wire is the largest segment with a share of 60%. And in terms of Applications, the largest segment is Die & Mold, followed by Mechanic.

This report presents a comprehensive overview, market shares, and growth opportunities of EDM Wire (Consumable) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    No Coated Wire
    Coated Wire
    Hybrid Wire

Segmentation by application
    Aerospace
    Mechanic
    Die and Mold
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Powerway Group
    Oki Electric Cable
    OPECMADE Inc.
    THERMOCOMPACT
    Hitachi Metals
    Sumitomo (SEI) Steel Wire Corp.
    J.G. Dahmen & Co KG
    Tamra Dhatu
    Senor Metals
    YUANG HSIAN METAL INDUSTRIAL
    Heinrich Stamm GmbH
    Ningbo De-Shin Industrial
    Novotec

Key Questions Addressed in this Report
What is the 10-year outlook for the global EDM Wire (Consumable) market?
What factors are driving EDM Wire (Consumable) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do EDM Wire (Consumable) market opportunities vary by end market size?
How does EDM Wire (Consumable) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?