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Global EDM wire (consumable) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
Global Info Research offers a latest published report on EDM wire Market Analysis and Forecast 2019-2024 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/global-edm-wire-consumable-market_p107688.html
Global EDM Wire (Consumable) Market Is Valued At 618.52 Million USD In 2018
There is a machining method that uses a high voltage electrical discharge phenomenon for cutting metal. Two types of tools utilize this method, the wire EDM machine and the die-sinking EDM machine. The term wire for EDM machine refers to the wire that is used to generate the electrical discharge in the wire EDM machine.
1. The Global EDM wire (consumable) market is expected to reach $ 1076.53 million by 2024
GIR analysts predict that the global EDM wire (consumable) market is valued at 618.52 million USD in 2018 and is expected to reach 1075.86 million USD by the end of 2024, growing at a CAGR of 9.66% between 2018 and 2024.
2. EDM wire (consumable) Market: Types
According to the Segmentation of types, all the market of EDM wire (consumable) can be divided as follows:
The first kind is No Coated Wire, it hold a comparatively larger share in global market, which accounts for about 60.21% in 2018.
The following is Coated Wire share 26.21% market share in 2018.And the rest remains to the Hybrid Wire which is 13.58%.
3. EDM wire (consumable) Market: Application
WEDM main application areas are mold and aerospace manufacturing. In 2018, these two sector hold a market share of 46.41%.
4. EDM wire (consumable) Market: Region
From the view of region, Asia-Pacific have a larger market share in 2018 which account for 37.16% and will witness a stable growth in following years. Europe hold a market share of 26.58% will still play an important role which cannot be ignored. Any changes from North America, which share a 22.17% market share in 2018, might affect the development trend of EDM wire (consumable). South America and Middle East and Africa also play important roles in global market, but it will witness the comparatively lowest growth rate within selected regions.
In recent years, WEDM technology is developing rapidly, various aspects of processing performance indicators have been significantly improved and enhanced, it has been more widely used as the ultimate means of processing, "to cut instead of grinding" of trends are becoming evident. The EDM wire, as a complement to WEDM, it will also witness a significant growth.
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