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Global Info Research offers a latest published report on Electrical Discharge Machines 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.
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Electrical discharge machining (EDM), also known as spark machining, spark eroding, burning, die sinking, wire burning or wire erosion, is a manufacturing process whereby a desired shape is obtained by using electrical discharges (sparks). Material is removed from the work piece by a series of rapidly recurring current discharges between two electrodes, separated by a dielectric liquid and subject to an electric voltage. One of the electrodes is called the tool-electrode, or simply the “tool” or “electrode,” while the other is called the workpiece-electrode, or “work piece.” The process depends upon the tool and work piece not making actual contact.
The consumption volume of Electrical Discharge Machine is related to downstream industries and regional economy. As there will be some uncertain of the global economy in the following years, the growth rate of Electrical Discharge Machine market may not keep that fast. But it is surely forecasted that the market of Electrical Discharge Machine is still promising.
Technology, product design, and pricing patterns influence purchases of Electrical Discharge Machine. The situation is rather complex, as the companies attempt to cater to diverse segments. The market is currently dominated by a handful of local companies that own the core technologies, including Mitsubishi Electric, Sodick, GF Machining Solutions Management, and Makino and so on.
In forecast years, the global sales volume of Electrical Discharge Machine will maintain about 11% annual growth rate and consumption value is expected to be 4.91 billion USD in 2024.
Regional markets are influenced by demographic and socio-economic trends. In 2018, the Asia-Pacific is expected to remain the largest market for Electrical Discharge Machine, accounting for 41.68% of the global market, followed by Europe (22.51%).
Lacking features of an oligopoly so far and having a relatively basic technology, the Electrical Discharge Machine industry still poses some formidable barriers to entry. Thus, capital requirements are quite high due to production features and the diverse nature of the product families. Seasonality of business, price rivalry, government rules and regulations, and limited distribution channels also pose some entry barriers. Yet another deterrent to market entry is the complexity of logistics. Distribution costs may rise further as some mass merchandisers openly require payment by the manufacturers for shelf space, especially for new products. Name identity and brand image require extensive advertising.
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