Middle East & Africa 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)
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 Market Segmentation
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.
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. MEA EDM Wire Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. MEA EDM Wire Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Production of Components and Parts
5.1.2 Rise in Government Support for Strengthening Manufacturing Sector
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 – MEA Market Analysis
6.1 MEA EDM Wire Market Overview
6.2 MEA EDM Wire Market Revenue Forecast and Analysis
7. MEA EDM Wire Market Revenue and Forecast to 2028 – Wire Type
7.1 Overview
7.2 MEA 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. MEA EDM Wire Market Revenue and Forecast to 2028 – Industry
8.1 Overview
8.2 MEA 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. MEA EDM Wire Market – Country Analysis
9.1 Overview
9.1.1 MEA: EDM Wire Market, by Key Country
9.1.1.1 South Africa: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: EDM Wire Market, by Wire Type
9.1.1.1.2 South Africa: EDM Wire Market, by Industry
9.1.1.2 Saudi Arabia: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: EDM Wire Market, by Wire Type
9.1.1.2.2 Saudi Arabia: EDM Wire Market, by Industry
9.1.1.3 UAE: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: EDM Wire Market, by Wire Type
9.1.1.3.2 UAE: EDM Wire Market, by Industry
9.1.1.4 Rest of MEA: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: EDM Wire Market, by Wire Type
9.1.1.4.2 Rest of MEA: 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 Oki Electric Cable Co., Ltd.
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 Yuang Hsian Metal Industrial Corporation
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 boway Group
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
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. MEA EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: EDM Wire Market, by Wire Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: EDM Wire Market, by Industry– Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA: EDM Wire Market, by Wire Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: EDM Wire Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA EDM Wire Market Segmentation
Figure 2. MEA EDM Wire Market Segmentation – By Country
Figure 3. MEA EDM Wire Market Overview
Figure 4. MEA EDM Wire Market, By Wire Type
Figure 5. MEA EDM Wire Market, By Industry
Figure 6. MEA EDM Wire Market, By Country
Figure 7. MEA – PEST Analysis
Figure 8. MEA EDM Wire Market- Ecosystem Analysis
Figure 9. Expert Opinions
Figure 10. MEA EDM Wire Market: Impact Analysis of Drivers and Restraints
Figure 11. MEA EDM Wire Market Revenue Forecast and Analysis (US$ Million)
Figure 12. MEA EDM Wire Market, By Wire Type (2021 and 2028)
Figure 13. MEA Brass: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Zinc-coated: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Non-coated: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA EDM Wire Market, By Industry (2021 and 2028)
Figure 17. MEA Aerospace: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Industrial and General Mechanics: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Automotive: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Healthcare: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Electronics: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA Others: EDM Wire Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA: EDM Wire Market Revenue Share, by Key Country- Revenue (2021) (US$ Million)
Figure 24. MEA: EDM Wire Market Revenue Share, by Key Country (2021 and 2028)
Figure 25. South Africa: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Saudi Arabia: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. UAE: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of MEA: EDM Wire Market – Revenue and Forecast to 2028 (US$ Million)
- Berkenhoff GmbH.
- Hitachi Metals Ltd.
- SUMITOMO ELECTRIC INDUSTRIES.
- NOVOTECH.
- OKI Electric Cable Co., Ltd.
- Yuang Hsian Metal Industrial Corporation.
- boway group.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa EDM wire market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa EDM wire market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the EDM wire market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution