Wire Cutting Machine Market Size is Set for USD 5.2 Billion by 2034, Growing at 5.6% CAGR Due to Precision Needs in Key Sectors- Transparency Market Research, Inc.
Industrial 4.0 and precision engineering are driving demand for wire cutting machines.
Wilmington, Delaware, United States, Transparency Market Research, Inc. , Aug. 26, 2024 (GLOBE NEWSWIRE) — The global wire cutting machine industry (проволока для резки машины) generated
Global Wire Cutting Machine Market: Regional Landscape
- Wire cutting machines are expected to be in high demand in North America. As labor costs rise overseas, supply chain disruptions occur, and companies want more control over production processes, reshoring manufacturing operations to North America is becoming more common. As companies bring manufacturing back to the region, they require advanced machinery like wire cutting machines to support their production needs.
- A variety of applications, such as cable cutting and preparation, are being supported by ongoing infrastructure development initiatives, such as transportation, building, and telecommunications networks. Advanced manufacturing technological research and development are centered in the United States. Businesses in the region constantly invest in innovation in order to remain competitive, which supports the use of state-of-the-art wire cutting machines.
- A strict quality and safety regulation governs the North American industry in terms of quality and safety. Wire cutting equipment that provides high precision, dependability, and regulatory compliance is attractive to manufacturers of medical devices, automobiles, and aerospace.
- Companies are embracing automation solutions at a rapid pace in an effort to reduce labor costs and increase productivity. Due to their crucial role in automating production processes, wire cutting machines are in high demand across the region.
- Government programs that encourage innovation, technological adoption, and manufacturing competitiveness are also contributing to the market expansion of wire-cutting machines in North America. The government offers businesses incentives such as tax rebates for capital investments, which encourage them to invest in sophisticated equipment like wire cutting equipment in order to grow their business.
Global Wire Cutting Machine Market: Competitive Landscape
Innovation in multi-axis wire cutting machines is a major focus of wire cutting machine manufacturers. As well as providing wire cutting machines for various industries, they offer different types of multi-strand wire cutting machines.
Key Players Profiled
- Sodick
- Makino Inc.
- Mitsubishi Electric Corporation
- GF Machining Solutions Management SA
- Mold Masters
Key Developments
- In February 2024, Makino unveiled the UPX400 wire EDM machine, designed specifically for new energy vehicles (NEV), such as smoother battery components, uniform housings, and quieter gears.
Global Wire Cutting Machine Market: Segmentation
Machine Type
- CNC Wire Cutting Machine
- EDM Wire Cutting Machine
Operation Type
- Automatic
- Semi-automatic
- Manual
Cutting Method
- Mechanical Method
- Electrical Method
- Laser Method
- Abrasive Method
Technology
- CNC Wire Cutting Machine
- PLC-controlled Wire Cutting Machine
- Traditional Wire Cutting Machine
End-use Industry
- Automotive
- Electronics
- Construction
- Aerospace
- Telecommunication
- Others (Defense, etc.)
Distribution Channel
- Direct Sales
- Indirect Sales
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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