Technavio, a tech-focused market research enterprise, has issued a new report on the global electrical discharge machine market, which is anticipated to grow at a CAGR of around 8% during the estimated period 2017-2021.
Based on geographical segmentation, Technavio market researchers classify the global electrical discharge machine market into the following top regions: the Americas, APAC, Europe, and ROW.
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Top three revenue contributors for the global electrical discharge machine market are elaborated below:
Electrical discharge machine market in APAC: The increasing availability of low-cost manufacturing and shipbuilding hubs in the APAC will make it the most prominent region in the global market. The growth of the automotive industry in APAC will boost demand for electrical discharge machines in the region over the next few years. Countries like China, Thailand, India, Indonesia, and Vietnam will be the largest revenue generators in the APAC market during the forecast period.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on tools and components, “The gradual shift toward a consumer-based economy will result in sufficient demand from the transportation and aerospace sector, which, in turn, will propel the growth of the APAC market. The increasing number of investments made by China to promote military modernization will contribute to the sale of electrical discharge machines in the APAC market. Additionally, the technological advances in the healthcare sector will have a positive impact on the market in this region.”
Electrical discharge machine market in the Americas: The exceptional growth in the LVC segment will contribute to the development of the market in the Americas. The high levels of disposable income are driving the demand in the automotive sector in the region. The US, Mexico, and Canada will be the highest revenue generators in the American market during the forecast period. The availability of cheap labor, land, and proximity to major export destinations is attracting major OEMs to the American market, which, in turn, will increase the requirement for electrical discharge machines in the region.
Electrical discharge machine market in Europe: The growing demand for electrical discharge machines is primarily driven by the automotive, medical, and aerospace sectors in the European market. The increasing sales of both passenger and commercial vehicles will contribute to the growth of this region. Moreover, the demand for metal cutting, shaping, and processing equipment and services in Europe’s aerospace industry will have a positive impact on the market growth in the European region.
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The top leading vendors functioning in the global electrical discharge machine market are:
- GF Machining solution
- Makino Milling Machine Co. Ltd
- Mitsubishi Electric
Other prominent sellers in the market include AA EDM, Absolute Machine Tools, Alta Enterprises, AME, ANSTAR, Beaumont Machine, Belmont Equipment & Technologies, Chevalier Machinery, CHMER EDM, Concept Machine Tool Sales, Current EDM, Global Specialty Machines, Iverson & Co., Jet Edge, Kent Industrial (USA), MARTECH Machinery & Automation, Methods Machine Tools, Moncktons Machine Tools, ONA Electroerosión, Phillips, Premier Tooling Systems, Ross Machinery Sales, Smith Machinery, Sodick, Sodick-West Coast Technical Center, and UNITED GRINDING North America.
A more comprehensive study is presented in the Technavio report titled, ‘Global Electrical Discharge Machine Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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