The electric shock machine market will have Beaumont Machine, Belmont Equipment and Technologies, and Ching Hung Machinery and Electric Industrial Co. Ltd. as major participants during the forecast period.
NEW YORK, December 3, 2021 /PRNewswire/ — The EDM machine market is fragmented. Vendors are using various organic and inorganic growth strategies to compete in the market. The market size is expected to increase by $1.53 billion from 2020 to 2025. Market growth momentum is expected to slow down at a CAGR of 7.65%.
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Analysis of the main players in the market
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Beaumont machine: The company is involved in offering EDM systems such as FH series EDM machines which include FH 30, FH 40, FH50/60 with different specifications.
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Belmont equipment and technology: The company is involved in offering EDM machines which include EDM drills, EDM die sinkers such as Astec series EDM drills, SY series EDM drills and many more.
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Ching Hung Machinery and Electric Industrial Co. Ltd. : The company is involved in offering wire EDMs such as AW3X, AW3L, RQ6040L and many more.
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Electric Discharge Machines Market 2021-2025: Segmentation
Based on end-user segmentation, the machine shop segment will witness significant growth in its market share over the forecast period. The segment is expected to be driven by industrial production growth globally.
Based on geographic segmentation, APAC is expected to account for 54% of market growth over the forecast period, with China being the key country. Market growth in the region will be driven by low-cost manufacturing and shipbuilding hubs in Asia-Pacific.
Drivers and Challenges
The EDM machine market is driven by increasing automation, increased demand for higher quality products and CNC machines, and increased demand for mechanical engineering products. However, factors such as the slowdown in the Chinese economy could hamper the growth of the market.
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Scope of Electric Discharge Machines Market |
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Report cover |
Details |
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Page number |
120 |
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base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Decelerate at a CAGR of 7.65% |
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Market Growth 2021-2025 |
$1.53 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
8.91 |
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Regional analysis |
APAC, North America, Europe, South America and MEA |
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Successful market contribution |
Asia-Pacific at 54% |
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Main consumer countries |
China, United States, Japan, Germany and France |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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Profiled companies |
Beaumont Machine, Belmont Equipment and Technologies, Ching Hung Machinery and Electric Industrial Co. Ltd., Georg Fischer Ltd., Makino Milling Machine Co. Ltd., Mitsubishi Electric Corp., Novick Digital Equipment Co. Ltd., ONA Electroerosion SA, Sodick Inc., and Yihawjet Enterprises Co. Ltd. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
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