Please Wait.....
Report
Europe EDM Wire Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Wire Type (Brass, Zinc-coated, and Non-coated) and Industry (Aerospace, Industrial & General Mechanics, Automotive, Healthcare, Electronics, and Others)
Market Report I 2022-11-08 I 145 Pages I The Insight Partners
The EDM wire market in Europe is expected to grow from US$ 291.19 million in 2022 to US$ 444.55 million by 2028. It is estimated to grow at a CAGR of 7.3% from 2022 to 2028.
Increasing Adoption of Miniature Pneumatics in Electronics
Miniature components offer technical benefits such as improved efficiency, reliability, customization, and smooth machine function, which is expected to increase their adoption by various industries. The adoption of EDM wire has increased across numerous industrial applications, owing to the advantages such as lightweight, greater equipment design flexibility, and scope of customization. Further, they enhance the system's overall functioning and advance manufacturing developments, thereby offering boulevards for market growth. The wave of electronics miniaturization is booming at an exponential rate. In current times, the production of electronic products integrated with high-tech feature is making demand for connectors high. Due to such huge requirement, connector mold companies are looking ahead for products which can make mold making of connectors easy and quick. With the uprising wave of high data transmission rates and miniaturization of connector interfaces spreading, the demand for connector molds is predicted to become more prevalent. Owing to the increase in demand for connectors, requirements for connector molds will also rise. Also, the punching speed utilized by the mold has touched 500-3000 rpm, a technical challenge faced by mold companies. Therefore, to acquire a position in the connector industry, the connector mold companies are seeking forward for making industrial adjustment. These steps taken by connector mold companies are projected to create the demand for high-performance connectors, which would also fuel the need for new EDM wires with a smaller diameter. The era of ultraprecise machining of miniaturized components is projected to receive high attention from end-use industries due to dynamic industrial needs and customer preferences. Owing to the rise in demand for less-invasive micro products, the requirement for EDM wire continues to grow regionally. In industries such as medical devices, the demand for the latest, smaller, innovative, and state-of-the-art micro devices is growing massively, which is paving the path for EDM wire machines with small cutting diameters for fabricating components.
Market Overview
Germany, France, UK, Italy, and Russia, and rest of Europe are the key contributors to the EDM wire market in the Europe. The presence of a robust aerospace sector boosts the demand for EDM wires across Europe. The European aircraft OEMs and defense equipment manufacturers develop and procure various civil aircraft, radar systems, and flight management systems. For example, Airbus is one of the biggest aircraft manufacturers, and it is also a notable contributor to the European economy. With the continuously rising demand for air transport, the aviation industry is among the most significant sectors contributing to the overall GDP of Europe. The automotive industry-which represents ~7% of the regional GDP-is another enabler of the Europe EDM wire market growth in Europe. The ongoing developments and sales of electric vehicles, and the presence of established car manufacturers' as well as suppliers' base with strong brand value, and technological and financial capabilities are likely to boost the growth of the Europe EDM wire market in the region in the coming years. In 2020, the UK government awarded US$ 57.87 million for funding various low-carbon automotive projects, including the manufacturing of electric vehicles. Such government initiatives are favoring the growth of the progress of the electric vehicle manufacturing industry, thereby contributing to the Europe EDM wire market growth.
Europe EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Europe EDM Wire Market Segmentation
The Europe EDM wire market is segmented into wire type, industry and country.
Based on wire type, the market is segmented into brass, zinc-coated, and non-coated. The brass segment registered the largest market share in 2022. Based on industry, the market is segmented into aerospace, industrial & general mechanics, automotive, healthcare, electronics, and others. The automotive segment held a largest market share in 2022. Based on country, the market is segmented into Germany, France, Italy, UK, Russia, and rest of Europe. Germany dominated the market share in 2022. Berkenhoff GmbH; Hitachi Metals Ltd; SUMITOMO ELECTRIC INDUSTRIES; NOVOTECH; OPECMADE, Inc; OKI Electric Cable Co., Ltd; THERMO COMPACT; boway group and Yuang Hsian Metal Industrial Corporation are the leading companies operating in the Europe EDM wire market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe EDM Wire Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe EDM Wire Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Production of Components and Parts
5.2 Market Restraints
5.2.1 Drawbacks Associated with Using EDM Wire
5.3 Market Opportunities
5.3.1 Growth Prospects in Healthcare, Automotive, and Aerospace Industries
5.4 Future Trends
5.4.1 Increasing Adoption of Miniature Pneumatics in Electronics
5.5 Impact Analysis of Drivers and Restraints
6. EDM Wire Market - Europe Market Analysis
6.1 Europe EDM Wire Market Overview
6.2 Europe EDM Wire Market Revenue Forecast and Analysis
7. Europe EDM Wire Market Revenue and Forecast to 2028 - Wire Type
7.1 Overview
7.2 Europe EDM Wire Market, By Wire Type (2021 And 2028)
7.3 Brass
7.3.1 Overview
7.3.2 Brass: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
7.4 Zinc-coated
7.4.1 Overview
7.4.2 Zinc-coated: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
7.5 Non-coated
7.5.1 Overview
7.5.2 Non-coated: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8. Europe EDM Wire Market Revenue and Forecast to 2028 - Industry
8.1 Overview
8.2 Europe EDM Wire Market, By Industry (2021 And 2028)
8.3 Aerospace
8.3.1 Overview
8.3.2 Aerospace: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8.4 Industrial and General Mechanics
8.4.1 Overview
8.4.2 Industrial and General Mechanics: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8.5 Automotive
8.5.1 Overview
8.5.2 Automotive: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8.6 Healthcare
8.6.1 Overview
8.6.2 Healthcare: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8.7 Electronics
8.7.1 Overview
8.7.2 Electronics: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: EDM Wire Market Revenue and Forecast To 2028 (US$ Million)
9. Europe EDM Wire Market - Country Analysis
9.1 Overview
9.1.1 Europe: EDM Wire Market, by Key Country
9.1.1.1 France: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 France: EDM Wire Market, by Wire Type
9.1.1.1.2 France: EDM Wire Market, by Industry
9.1.1.2 Germany: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Germany: EDM Wire Market, by Wire Type
9.1.1.2.2 Germany: EDM Wire Market, by Industry
9.1.1.3 Italy: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: EDM Wire Market, by Wire Type
9.1.1.3.2 Italy: EDM Wire Market, by Industry
9.1.1.4 UK: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: EDM Wire Market, by Wire Type
9.1.1.4.2 UK: EDM Wire Market, by Industry
9.1.1.5 Russia: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: EDM Wire Market, by Wire Type
9.1.1.5.2 Russia: EDM Wire Market, by Industry
9.1.1.6 Rest of Europe: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: EDM Wire Market, by Wire Type
9.1.1.6.2 Rest of Europe: EDM Wire Market, by Industry
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Mergers and Acquisition
10.4 New Product Development
11. Company Profiles
11.1 Berkenhoff GmbH
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Hitachi Metals Ltd.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Sumitomo Electric Industries, Ltd.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Novotec
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Opecmade, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Oki Electric Cable Co., Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Thermo Compact
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Yuang Hsian Metal Industrial Corporation
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 boway Group
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Table 2. France: EDM Wire Market, by Wire Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. France: EDM Wire Market, by Industry- Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: EDM Wire Market, by Wire Type- Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: EDM Wire Market, by Industry- Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: EDM Wire Market, by Wire Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: EDM Wire Market, by Industry- Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: EDM Wire Market, by Wire Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: EDM Wire Market, by Industry- Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: EDM Wire Market, by Wire Type- Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: EDM Wire Market, by Industry- Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: EDM Wire Market, by Wire Type- Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: EDM Wire Market, by Industry- Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe EDM Wire Market Segmentation
Figure 2. Europe EDM Wire Market Segmentation - By Country
Figure 3. Europe EDM Wire Market Overview
Figure 4. Europe EDM Wire Market, by Wire Type
Figure 5. Europe EDM Wire Market, By Industry
Figure 6. Europe EDM Wire Market, By Country
Figure 7. Europe - PEST Analysis
Figure 8. Europe EDM Wire Market- Ecosystem Analysis
Figure 9. Expert Opinions
Figure 10. Europe EDM Wire Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe EDM Wire Market Revenue Forecast and Analysis (US$ Million)
Figure 12. Europe EDM Wire Market, By Wire Type (2021 and 2028)
Figure 13. Europe Brass: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Zinc-coated: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Non-coated: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe EDM Wire Market, By Industry (2021 and 2028)
Figure 17. Europe Aerospace: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Industrial and General Mechanics: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Automotive: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Healthcare: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Electronics: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Others: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe: EDM Wire Market Revenue Share, by Key Country- Revenue (2021) (US$ Million)
Figure 24. Europe: EDM Wire Market Revenue Share, by Key Country (2021 and 2028)
Figure 25. France: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Germany: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Italy: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. UK: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Russia: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of Europe: EDM Wire Market - Revenue and Forecast to 2028 (US$ Million)
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security