Enjoy complimentary customisation on priority with our Enterprise License!
The electrical discharge machine market share is expected to increase by USD 1.53 billion from 2020 to 2025, at a CAGR of 7.65%.
This electrical discharge machine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (machine shop, aerospace and defense, medical, automotive, and others) and geography (APAC, North America, Europe, South America, and MEA). The electrical discharge machine market report also offers information on several market vendors, including 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. among others.
Download the Free Report Sample to Unlock the Electrical Discharge Machine Market Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rise in automation: industrial revolution 4.0 is notably driving the electrical discharge machine market growth, although factors such as slowdown in the Chinese economy may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electrical discharge machine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Driver for the Electrical Discharge Machine Market
The increasing adoption of automated technologies is one of the key drivers for the electrical discharge machine market share growth. Companies are increasingly resorting to automation to ensure quality standards, which is creating the demand for electrical discharge machines. Many companies implement process automation to enhance their productivity and increase profit margins. Considering these factors, companies benefit due to the enhancement in overall efficiency that automation brings. Automation ensures that a company can save on labor costs and increase efficiency.
Key Challenge for the Electrical Discharge Machine Market
The slowdown in the Chinese economy is one of the key challenges for the electrical discharge machine market vendors. The recent slowdown that the Chinese economy will have an adverse effect on the global electrical discharge machine market. The slowdown is mainly attributed to the sluggish performance of the country's real estate sector with huge manufacturing overcapacity. The adversely affected manufacturing sector's problem is that of excess production capacity. Although the country is recovering from the impact of COVID-19 on the manufacturing industry, the slowdown in the growth of the sector in China will have an adverse impact on the global electrical discharge machine market.
This electrical discharge machine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the electrical discharge machine market encompasses successful business strategies deployed by the key vendors. The electrical discharge machine market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The electrical discharge machine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
For more insights on the market share of various regions Request for a FREE sample now!
54% of the market's growth will originate from APAC during the forecast period. China is the key market for electrical discharge machines in APAC. Market growth in this region will be faster than the growth of the market in regions.
Low-cost manufacturing and shipbuilding hubs in APAC will facilitate the electrical discharge machine market growth in the region over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
To gain further insights on the market contribution of various segments Request for a FREE sample
The electrical discharge machine market share growth by the machine shop segment will be significant during the forecast period. Large-scale production is generally carried out in machine shops, which account for the largest share of the global electrical discharge machine market. The growth in industrial production globally is expected to drive the global electrical discharge machine market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the electrical discharge machine market size and actionable market insights on post COVID-19 impact on each segment.
Electrical Discharge Machine Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 7.65% |
Market growth 2021-2025 |
$ 1.53 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.91 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 54% |
Key consumer countries |
China, US, Japan, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.