EDM Wire Market by Wire Type (Non-Coated Wire, Coated Wire, and Hybrid Wire), and by Application (Automotive, Aerospace, Medical, Energy, Die & Mold, and Others) – Global Opportunity Analysis and Industry Forecast 2024-2030

EDM Wire Market

Industry:  Materials & Chemicals | Publish Date: Mar 2024 | No of Pages:  N/A | No. Tables:  N/A | No. Figures:  N/A

Market Definition

The EDM Wire Market size was valued at USD 1.98 billion in 2023 and is predicted to reach USD 3.17 billion by 2030 with a CAGR of 6.95% from 2024-2030. EDM or electrical discharge machining wire is a thin metal wire that is used in the EDM process to cut and shape metal parts such as metals, ceramics, and composites. The wire is typically made of brass, tungsten, or molybdenum and is available in a variety of sizes, depending on the application. A guide tube is used to direct the EDM wire to the workpiece, where a high-voltage electrical current is then applied to generate sparks. The sparks erode the material, creating a precise and accurate cut or shape. EDM wire is commonly used in the aerospace, medical, and automotive industries for the precision cutting and shaping of complex parts.

Market Dynamics and Trends

The commencement of Industry 4.0 and the increasing use of automation in manufacturing industries are driving the growth of the EDM wire market. EDM wire is being used more frequently in automated processes and is capable of producing high-precision, complex parts, and components while minimizing human error and improving production efficiency. 

Moreover, technological advancements in EDM wires such as laser-cut EDM wires, computerized numerical control (CNC), and built-in sensing for higher accuracy and precision are further driving the growth of the EDM wires market. 

These technologies provide high accuracy and efficiency than traditional EDM wire-cutting methods while reducing wire debris which makes them more environmentally friendly. Furthermore, the rising automotive and aerospace industries along with the increasing demand for more advanced and precise components is also driving the growth of the EDM wire market.

These industries require precision machining of components used in the production of automobiles, aircraft, and other transportation equipment. However, the high cost of the wire and the need for frequent wire replacement as they are very prone to breakage is the major factor restraining the growth of the market.

On the other hand, the introduction of hybrid wire materials and the integration of machine learning and AI in EDM machines are expected to create ample opportunities for the EDM wire market in the coming years by improving the efficiency and precision of the EDM process. The use of these new technologies will lead to more precise cuts, better quality control, and higher efficiency in numerous material-cutting processes.


Market Segmentations and Scope of the Study

The EDM wire market share is segmented on the basis of wire type, application and region. On the basis of wire type, the market is divided into non-coated wire, coated wire, and hybrid wire. On the basis of application, the market is classified into automotive, aerospace, medical, energy, die & mold, and others. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and RoW.


Geographical Analysis

Asia Pacific holds the dominant share of EDM wire market and is expected to continue its dominance during the forecast period. This is attributed to factors such as the growing automotive industries that require high-precision components in countries such as China, India, and Japan.

According to the International Trade Administration, China is the largest automotive manufacturing country in the world with a sale of 25 million vehicles in 2020 and it is expected to reach 35 million vehicles by 2025. Moreover, the growing investment by the government in clean and renewable energy generation to achieve the energy consumption demand in countries such as China, Japan, and India is driving the EDM wire market as it is commonly used in the production of components and parts used in wind turbines and photovoltaics.

According to the International Energy Agency, China is the global leader of renewable energy expansion with more than one-third of global cumulative solar PV and onshore wind capacity located in China. On the other hand, North America is expected to show a steady rise in the development of the EDM wire market due to the growing healthcare industries along with the development of advanced equipment driving the growth of the EDM wire market in this region.

As medical devices and equipment such as imaging equipment and surgical instruments require very precise and accurate machining and components, the demand for EDM wire is significantly growing in this region. According to the Centers for Medicare and Medicaid Services, U.S. healthcare spending reached USD 4.3 trillion or USD 12,914 per person, the U.S. healthcare spending grew by 2.7% in 2021 from the previous year.

Moreover, the growing aerospace industry in countries such as the U.S. and Canada and the need for more advanced, lightweight, and precise components are driving the growth of the EDM wire market as EDM wire is used to produce precise and intricate parts, making it ideal for aerospace component production. According to the Aerospace Industries Association, the U.S. Aerospace industry reached USD 382 billion contributing a total of 1.8 percent of the U.S. GDP.


Competitive Landscape

Various market players operating in the EDM wire market include Powerway Group, Oki Electric Cable Co.Ltd, Thermo Technologies Group, Sumitomo Electric Industries Ltd., Sodick Europe Ltd., CAMWorks, Yuang Hsian Metal Industrial Corp., Novotec BV, J. G. Dahmen GmbH & Co., Makino Milling Machine Co. Ltd., and others. These market players are adopting various strategies such as product launches to remain dominant in the EDM wire market.

For instance, in October 2022, Makino Milling Machine Co. Ltd. launched U6 H.E.A.T. Extreme wire EDM. The new wire EDM machine is a convertible machine offering versatility & speed in precision cutting.

Moreover, in June 2021, Sodick Europe Ltd. launched and patented its new EDM wire cut technology range. The new range of machines featured a new wire rotation mechanism and Stepcut technology along with increased automation facilities.

Furthermore, in March 2021, CAMWorks launched its new EDM wire module for the CAMWorks suite of CAD/CAM software. The new module includes an enhanced recognition feature for non-planar geometry and a design model to G-code in one click that automatically searches, identifies, and operates on the part for machineable features.

Key Benefits

  • The report provides quantitative analysis and estimations of the EDM wire market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

  • The study comprises a deep dive analysis of EDM wire market including the current and future trends to depict prevalent investment pockets in the market.

  • Information related to key drivers, restraints, and opportunities and their impact on EDM wire market is provided in the report. 

  • Competitive analysis of the players, along with their market share is provided in the report.

  • SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Wire Type 

  • Non-Coated Wire

  • Coated Wire

  • Hybrid Wire

By Application 

  • Automotive

  • Aerospace

  • Medical 

  • Energy

  • Die & Mold

  • Others

By Region

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • The UK

    • Germany

    • France        

    • Italy        

    • Spain        

    • Denmark        

    • Netherlands        

    • Finland        

    • Sweden        

    • Norway        

    • Russia        

    • Rest of Europe    

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Indonesia

    • Singapore

    • Taiwan

    • Thailand

    • Rest of Asia Pacific

  • RoW

    • Latin America

    • Middle East

    • Africa




Market Size in 2023

USD 1.98 Billion

Revenue Forecast in 2030

USD 3.17 Billion

Growth Rate

CAGR of 6.95% from 2024 to 2030

Analysis Period


Base Year Considered


Forecast Period


Market Size Estimation

Billion (USD)

Growth Factors

  • The commencement of Industry 4.0 and the increasing use of automation in manufacturing industries drives the market.

  • Rising automotive and aerospace industries fuels the market growth.

Countries Covered


Companies Profiled


Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.



  • Powerway Group

  • Oki Electric Cable Co.Ltd.

  • Thermo Technologies Group

  • Sumitomo Electric Industries Ltd.

  • Sodick Europe Ltd.

  • CAMWorks

  • Yuang Hsian Metal Industrial Corp

  • Novotec BV

  • J. G. Dahmen GmbH & Co.

  • Makino Milling Machine Co. Ltd.

Frequently Asked Questions
What is the size of the EDM wire market in 2023?

According to the report published by Next Move Strategy Consulting, the global EDM wire market is valued at USD 1.98 Billion in 2023.

What are the future opportunities in the EDM wire market?

The introduction of hybrid wire materials and the integration of machine learning and AI in EDM machines are expected to create ample opportunities for the EDM wire market.

What is the projected market size for the EDM wire market by 2030?

According to the report published by Next Move Strategy Consulting, the global EDM WIRE market is expected to hit USD 3.17 billion by 2030.

Which region is dominating the EDM wire market?

North America is dominating the EDM wire market during the forecast period.

What are some key companies operating in EDM wire market?

Key companies operating in EDM wire market includes Appian Corporation, Creatio, LANSA, Mendix Technology BV, Microsoft Corporation, Oracle Corporation, OutSystems, Pegasystems Inc., Quickbase, and Salesforce, Inc.