Electrical discharge machining, or EDM, is a non-traditional method in which material is removed from a workpiece using thermal energy. Much like processes such as laser cutting, EDM does not need mechanical force in the removal process. This is the reason why it is considered non-traditional contrary to, for example, the processing with cutting tools.In tool and mould making, EDM is very popular due to its applicability especially for hard materials like titanium or for particularly complex shapes that are hard to achieve with milling.
The global market for EDM is projected to reach $2.44 billion by 2025, driven by the increasing use of complex materials in production such as alloys, composites, and ceramics.
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Global Electrical Discharge Machines (EDM) Market: Market Driver and Restraint
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.
Segmentation by Product of Electrical Discharge Machines (EDM) Market
The wire EDM segment accounted for the majority market shares during 2017 and will continue to dominate the market for the next four years. Some of the major factors responsible for the growing preference for wire EDM over other EDM machines includes reliable repeatability, ability of wire EDM to cut metal more effectively, reduce cost, burr-free and stress-free EDM cutting, and its ability to cut exotic materials such as inconel, tool steels, carbide, ferro-tic, stellite, alloy, and titanium.
Segmentation by application and analysis of the Electrical Discharge Machines (EDM) market
The global EDM market in the automotive applications segment accounted for the majority market share during 2017 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the market segments’ growth is the rapid growth in the emerging markets and developing countries, growth in the automotive sectors, and growth in the industrial production.
Global Electrical Discharge Machines (EDM) Market: Key Players
Major Player operating in the market are GF Machining Solutions, Makino Milling Machine, Mitsubishi Electric, 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, Jet Edge, Kent Industrial, MARTECH Machinery & Automation, Methods Machine Tools.
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