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)

List of Tables

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 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.

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Product Code: BMIRE00027370

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