Middle East & Africa EDM Wire Market

The EDM wire market in Middle East & Africa is expected to grow from US$ 110.60 million in 2022 to US$ 146.67 million by 2028. It is estimated to grow at a CAGR of 4.8% from 2022 to 2028. 

Growth Prospects in Healthcare, Automotive, and Aerospace Industries

In the wave of technological developments, industrial sectors such as automotive and healthcare are improving. For instance, in the healthcare industry, penetration of personal and intelligent medical devices will lead to personalized medical technologies and implantable medical devices. Also, adopting robots in the healthcare industry is projected to enable the rollout of state-of-the-art medical solutions such as wearable and implantable technologies. The mentioned development in the healthcare industry is projected to create lucrative growth opportunities for developing components and parts used in implantable medical devices. This opportunity is predicted to fuel the demand for EDM wires. Similarly, the automotive industry is also witnessing a revolution. For producing large auto parts, including dual rigid linear motor axis drives and plastic dashboards, the adoption of EDM wires is rising. Also, with the introduction of electric vehicles, the automotive industry is transforming quickly. The demand for EDM wires in the automotive industry was high from earlier times and has gone up with the introduction of electric vehicles, as EDM wire ensures precise drilling and molding of small and larger parts. As the EDM wire process generates low residual stress on materials, the molds/components/punches become long-lasting and reliable. Similarly, with the introduction of advanced technologies in the aerospace industry, aerospace companies are looking ahead for EDM wires. Landing-gear components, fuel systems, engines, and other high-temperature, high-stress parts are produced using EDM wire as they can withstand the extreme pressure and heat required to make technology work in operation. The mentioned aspects related to changing automotive, aerospace, and healthcare industries due to the dynamic technological environment are projected to generate growth prospects for the MEA EDM wire market.

Market Overview

South Africa, Saudi Arabia, UAE, and rest of Middle East & Africa are the key contributors to the EDM wire market in the Middle East & Africa. The Middle East & Africa EDM wire market is further segmented into South Africa, Saudi Arabia, and the UAE. The market growth in this region is attributed to the proliferating automotive industry. The Gulf region is home to more than 2 million vehicles, consisting of light, medium, and heavy commercial vehicles. The increasing domestic demand for high-end cars and a robust logistics sector in Dubai are the key contributors to the Middle East & Africa EDM wire market growth in Middle East & Africa. According to the Dubai Chamber of Commerce and Industry, Dubai’s value of export and re-export of vehicles surged by 21.8% year-on-year in 2021, reaching US$ 40.10 billion. The ongoing growth in the medical industry in Saudi Arabia also has the potential to fuel the growth of the EDM wires market during the forecast period. The country accounts for ~60% of the total healthcare expenditure of the Gulf Cooperation Council (GCC) countries. According to the International Trade Administration of the US Department of Commerce, in 2022, Saudi Arabia announced the spending of US$ 36.8 billion on healthcare and social development, which is 14.4% of its 2022 budget. In addition, the Saudi Arabian Government is planning on investing ~US$ 65 billion to have a well-developed healthcare infrastructure by 2030. 

 Middle East & Africa EDM Wire Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa EDM Wire Strategic Insights

Strategic insights for the Middle East & Africa EDM Wire provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa EDM Wire Report Scope

Middle East & Africa EDM Wire Regional Insights

The geographic scope of the Middle East & Africa EDM Wire refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Middle East & Africa 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 the largest market share in 2022.

Based on country, the market is segmented into South Africa, Saudi Arabia, UAE, rest of Middle East & Africa. Saudi Arabia dominated the market share in 2022.   

Berkenhoff GmbH; Hitachi Metals Ltd; Sumitomo Electric Industries; Novotec; OKI Electric Cable Co., Ltd; boway Group; and Yuang Hsian Metal Industrial Corporation are the leading companies operating in the Middle East & Africa EDM wire market in the region.