According to the new market research report “Electron Beam Machining Market by Application (Welding, Surface Treatment, and Drilling), Industry (Automotive and Aerospace & Defence), and Geography (North America, Europe, Asia Pacific, RoW) – Global Forecast to 2024”, published by MarketsandMarkets™, the Electron Beam Machining Market is expected to be valued at USD 181 million in 2019. It is expected to grow USD 212 million by 2024, at a CAGR of 3.2% from 2019 to 2024. The factors that are driving the growth of the market include the increasing demand for welding in the automotive & aerospace industries and various benefits tendered by electron beam welding technology.
Ask for PDF Brochure:
“Electron beam welding application expected to grow at the highest CAGR in global electron beam machining market”
Electron beam welding is a precision welding technique which is used in various industries such as automotive, aerospace & defense, medical equipment, oil & gas, nuclear, and many instrumentations applications. Electron beam welding is adopted by these industries due to the various advantages such as joining of dissimilar metals, welding of complex components used in space crafts or automobile parts, welds in large quantities with repeatable accuracy & quality control, high welding speed, narrow welds, and cost-effective technology due to welding done in single pass.
“Automotive industry is expected to exhibit the highest growth from 2019 to 2024”
The fast-changing automotive and aerospace industries across the world are expected to drive the electron beam machines market to a great extent. Requirement of welds for the mass production of automotive body parts, the potential benefits such as increased stiffness due to electron beam welding leading to improved vehicle structural performance, smaller heat-affected zone & less thermal distortion due to the use of electron beam, high-quality welding of complex components, and high speed automated welding process using electron beam welding are further fueling the growth of the industry.
Browse in-depth TOC on “Electron Beam Machining Market“
36 – Tables
44 – Figures
124 – Pages
Request Sample pages of the Report:
“RoW expected to be the fastest-growing electron beam machining market from 2019 to 2024”
The market in RoW is expected to grow at the highest CAGR during the forecast period. There are significant growth opportunities for the electron beam machining market in this region. The Middle East is prominent in oil & gas exploration & production. Nevertheless, there would be a shift towards other miscellaneous sectors, which can bring new growth opportunities for electron beam machining applications such as welding and drilling.
Major players included in the electron beam machining market are Global Beam Technologies (Germany), Mitsubishi Electric (Japan), and pro-beam (Germany). The other key players in this market include companies such as Bodycote (UK), Cambridge Vacuum Engineering (UK), Sciaky (US), Beijing Zhong Ke Electric Co.Ltd. (China), Sodick (Japan), TETA (Russia), FOCUS GmbH (Germany), Evobeam (Germany), and AVIC (China), among others.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/electron-beam-machining-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com