Wire Cut EDM Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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Introduction
Wire-cut Electrical Discharge Machines (Wire Cut EDM), also known as slow-speed Wire Cut EDM outside China, are precision machining tools that use a thin, electrically charged wire to cut intricate shapes in conductive materials with exceptional accuracy. In China, Wire Cut EDM is categorized into low-speed Wire Cut EDM (LS-WEDM, 3–15 m/min, ±0.002 mm precision), fast-speed Wire Cut EDM (HS-WEDM, 300–700 m/min, ±0.015–0.02 mm precision), and medium-speed Wire Cut EDM (MS-WEDM, balancing speed and precision). LS-WEDM, the focus of high-end applications, employs non-recyclable wire electrodes for superior precision, while HS-WEDM recycles wire for cost-efficiency but lower accuracy. These machines are vital in industries requiring tight tolerances, such as electronics, medical, automotive, plastics, and aerospace. The market is driven by demand for miniaturized components, automation integration, and advanced manufacturing. Japan and Switzerland lead high-end production, with firms like Mitsubishi Electric and GF Machining Solutions setting benchmarks. Challenges include high capital costs, skilled labor shortages, and competition from laser cutting. Asia Pacific, particularly China, dominates consumption due to its electronics and automotive sectors.
Market Size and Growth Forecast
The global Wire Cut EDM market is projected to reach a market size of 2.5–3.0 billion USD by 2025, with an estimated compound annual growth rate (CAGR) of 4%–6% through 2030. Growth is fueled by precision manufacturing trends and industrial automation.
Regional Analysis
Asia Pacific is expected to grow at a CAGR of 4.5%–6.5%, led by China, Japan, and South Korea. China’s electronics industry, producing millions of semiconductor components annually, drives demand, though cost pressures limit high-end adoption. Japan’s leadership in Wire Cut EDM manufacturing, with firms like Makino, supports growth, tempered by labor costs. South Korea’s semiconductor and display sectors fuel demand, constrained by laser technology competition.
North America is projected to grow at a CAGR of 3.5%–5.5%, with the United States as the key market. The U.S. drives demand through aerospace and medical device manufacturing, but high capital costs pose challenges. Canada’s automotive and aerospace sectors support moderate growth, limited by market size.
Europe is anticipated to grow at a CAGR of 3.5%–5.5%, with Germany, Switzerland, and Italy leading. Germany’s automotive and tooling industries drive demand, though energy costs are a risk. Switzerland’s precision engineering, led by GF Machining Solutions, supports growth, while Italy’s machinery sector fuels adoption, constrained by economic uncertainties.
South America is expected to grow at a CAGR of 2.5%–4.5%, with Brazil and Mexico contributing. Brazil’s automotive manufacturing supports demand, limited by economic volatility. Mexico’s electronics sector drives growth, hindered by infrastructure gaps.
The Middle East and Africa is projected to grow at a CAGR of 2%–4%, with the UAE and South Africa leading. The UAE’s industrial diversification fuels demand, while South Africa’s manufacturing supports growth, constrained by logistics.
Application Analysis
Electronics & Semiconductor: Expected to grow at a CAGR of 4.5%–6.5%, driven by demand for IC molds and connectors. Trends focus on ultra-precision for 5G and AI chips, with Asia Pacific leading.
Medical: Projected to grow at a CAGR of 4.8%–6.8%, fueled by implants and micro-tools. Trends emphasize biocompatibility, with strong demand in North America.
Automotive: Expected to grow at a CAGR of 3.2%–5%, used for dies and molds. Trends focus on lightweight materials, with Europe and Asia Pacific driving demand.
Plastics: Projected to grow at a CAGR of 2.5%–4.5%, for injection molds. Cost-effective solutions gain traction in Asia.
Aerospace: Expected to grow at a CAGR of 4%–6%, for turbine blades and complex parts. Trends emphasize high-strength alloys, with North America and Europe leading.
Others: Projected to grow at a CAGR of 2%–4%, including tool-making. Niche applications support moderate global growth.
Key Market Players
Mitsubishi Electric: A Japanese firm specializing in high-precision Wire Cut EDM for automotive and electronics applications.
Sodick: A Japanese company offering advanced EDM solutions for medical and semiconductor industries.
Makino: A Japanese brand delivering premium Wire Cut EDM for aerospace and electronics manufacturing.
GF Machining Solutions: A Swiss firm known for energy-efficient EDM systems for precision engineering.
CORMAK: A Polish company providing cost-effective Wire Cut EDM for industrial applications.
FANUC: A Japanese firm specializing in automated Wire Cut EDM for high-volume production.
Joemars: A Taiwanese brand offering versatile Wire Cut EDM for small-scale manufacturers.
CHMER: A Taiwanese company focusing on affordable EDM solutions for electronics.
LIEN SHENG: A Taiwanese firm delivering Wire Cut EDM for automotive and plastics industries.
Accutex: A Taiwanese brand specializing in high-speed Wire Cut EDM for cost-sensitive markets.
Novick: A Chinese company offering entry-level Wire Cut EDM for emerging markets.
Suzhou Sanguang: A Chinese firm providing Wire Cut EDM for local electronics and automotive sectors.
Porter’s Five Forces Analysis
●Threat of New Entrants: Low. High R&D and capital costs, coupled with expertise required by firms like Sodick, create barriers, though Chinese manufacturers lower entry costs.
●Threat of Substitutes: Moderate. Laser cutting and additive manufacturing compete in precision applications, but Wire Cut EDM’s accuracy for complex geometries limits substitution.
●Bargaining Power of Buyers: Moderate. OEMs like Huawei pressure prices, but specialized high-end machines limit buyer leverage for firms like Makino.
●Bargaining Power of Suppliers: Low to moderate. Wire electrode and dielectric suppliers are moderately available, but specialized components increase dependency for firms like Accutex.
●Competitive Rivalry: High. Mitsubishi, Sodick, and GF Machining Solutions compete on precision, automation, and service, driving innovation but pressuring margins.
Market Opportunities and Challenges
Opportunities
●Electronics and Semiconductor Growth: The global demand for semiconductors and microelectronics, particularly in Asia Pacific, drives Wire Cut EDM adoption for precision component manufacturing.
●Medical Device Expansion: Rising demand for medical implants and surgical tools in North America and Europe creates opportunities for LS-WEDM in biocompatible material machining.
●Automotive and EV Trends: The growth of EVs and lightweight vehicle components increases demand for Wire Cut EDM in mold-making and precision parts, especially in Japan and Germany.
●Automation and IoT Integration: The adoption of Industry 4.0 technologies, including IoT-enabled monitoring and automation, enhances Wire Cut EDM efficiency, appealing to high-tech industries.
●Emerging Market Industrialization: Rapid manufacturing growth in China, India, and Brazil offers opportunities for HS-WEDM and MS-WEDM in cost-sensitive applications.
Challenges
●High Equipment Costs: The high cost of LS-WEDM machines limits adoption in emerging markets, where cost-sensitive HS-WEDM dominates.
●Skilled Labor Shortages: Operating and maintaining advanced Wire Cut EDM machines requires specialized expertise, which is scarce in developing regions.
●Competition from Alternatives: Laser cutting and additive manufacturing pose threats in cost-sensitive and less precise applications, challenging Wire Cut EDM’s market share.
●Regulatory Compliance: Strict environmental and safety regulations, particularly in Europe, increase costs for eco-friendly machining processes and waste management.
●Supply Chain Risks: Dependency on specialized wire electrodes and components exposes the market to geopolitical disruptions and raw material shortages.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Wire Cut Edm Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Wire Cut Edm by Region
8.2 Import of Wire Cut Edm by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Wire Cut Edm Market in North America (2020-2030)
9.1 Wire Cut Edm Market Size
9.2 Wire Cut Edm Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Wire Cut Edm Market in South America (2020-2030)
10.1 Wire Cut Edm Market Size
10.2 Wire Cut Edm Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Wire Cut Edm Market in Asia & Pacific (2020-2030)
11.1 Wire Cut Edm Market Size
11.2 Wire Cut Edm Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southest Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Wire Cut Edm Market in Europe (2020-2030)
12.1 Wire Cut Edm Market Size
12.2 Wire Cut Edm Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Wire Cut Edm Market in MEA (2020-2030)
13.1 Wire Cut Edm Market Size
13.2 Wire Cut Edm Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Wire Cut Edm Market (2020-2025)
14.1 Wire Cut Edm Market Size
14.2 Wire Cut Edm Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Wire Cut Edm Market Forecast (2025-2030)
15.1 Wire Cut Edm Market Size Forecast
15.2 Wire Cut Edm Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Mitsubishi Electric
15.1.1 Company Profile
15.1.2 Main Business and Wire Cut EDM Information
15.1.3 SWOT Analysis of Mitsubishi Electric
15.1.4 Mitsubishi Electric Wire Cut EDM Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Sodick
15.2.1 Company Profile
15.2.2 Main Business and Wire Cut EDM Information
15.2.3 SWOT Analysis of Sodick
15.2.4 Sodick Wire Cut EDM Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Makino
15.3.1 Company Profile
15.3.2 Main Business and Wire Cut EDM Information
15.3.3 SWOT Analysis of Makino
15.3.4 Makino Wire Cut EDM Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 GF Machining Solutions
15.4.1 Company Profile
15.4.2 Main Business and Wire Cut EDM Information
15.4.3 SWOT Analysis of GF Machining Solutions
15.4.4 GF Machining Solutions Wire Cut EDM Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 CORMAK
15.5.1 Company Profile
15.5.2 Main Business and Wire Cut EDM Information
15.5.3 SWOT Analysis of CORMAK
15.5.4 CORMAK Wire Cut EDM Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 FANUC
15.6.1 Company Profile
15.6.2 Main Business and Wire Cut EDM Information
15.6.3 SWOT Analysis of FANUC
15.6.4 FANUC Wire Cut EDM Sales, Revenue, Price and Gross Margin (2020-2025)
15.7 Joemars
15.7.1 Company Profile
15.7.2 Main Business and Wire Cut EDM Information
15.7.3 SWOT Analysis of Joemars
15.7.4 Joemars Wire Cut EDM Sales, Revenue, Price and Gross Margin (2020-2025)
15.8 CHMER
15.8.1 Company Profile
15.8.2 Main Business and Wire Cut EDM Information
15.8.3 SWOT Analysis of CHMER
15.8.4 CHMER Wire Cut EDM Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Wire Cut Edm Report
Table Data Sources Of Wire Cut Edm Report
Table Major Assumptions Of Wire Cut Edm Report
Table Wire Cut Edm Classification
Table Wire Cut Edm Applications List
Table Drivers Of Wire Cut Edm Market
Table Restraints Of Wire Cut Edm Market
Table Opportunities Of Wire Cut Edm Market
Table Threats Of Wire Cut Edm Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Wire Cut Edm
Table Cost Structure Analysis Of Wire Cut Edm
Table Key End Users List
Table Latest News Of Wire Cut Edm Market
Table Merger And Acquisition List
Table Planned/Future Project Of Wire Cut Edm Market
Table Policy Of Wire Cut Edm Market
Table 2020-2030 Regional Export Of Wire Cut Edm
Table 2020-2030 Regional Import Of Wire Cut Edm
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 North America Wire Cut Edm Demand List By Application
Table 2020-2025 North America Wire Cut Edm Key Players Sales List
Table 2020-2025 North America Wire Cut Edm Key Players Market Share List
Table 2020-2030 North America Wire Cut Edm Demand List By Type
Table 2020-2025 North America Wire Cut Edm Price List By Type
Table 2020-2030 United States Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 United States Wire Cut Edm Import & Export List
Table 2020-2030 Canada Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Canada Wire Cut Edm Import & Export List
Table 2020-2030 Mexico Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Mexico Wire Cut Edm Import & Export List
Table 2020-2030 South America Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 South America Wire Cut Edm Demand List By Application
Table 2020-2025 South America Wire Cut Edm Key Players Sales List
Table 2020-2025 South America Wire Cut Edm Key Players Market Share List
Table 2020-2030 South America Wire Cut Edm Demand List By Type
Table 2020-2025 South America Wire Cut Edm Price List By Type
Table 2020-2030 Brazil Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Brazil Wire Cut Edm Import & Export List
Table 2020-2030 Argentina Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Argentina Wire Cut Edm Import & Export List
Table 2020-2030 Chile Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Chile Wire Cut Edm Import & Export List
Table 2020-2030 Peru Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Peru Wire Cut Edm Import & Export List
Table 2020-2030 Asia & Pacific Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Wire Cut Edm Demand List By Application
Table 2020-2025 Asia & Pacific Wire Cut Edm Key Players Sales List
Table 2020-2025 Asia & Pacific Wire Cut Edm Key Players Market Share List
Table 2020-2030 Asia & Pacific Wire Cut Edm Demand List By Type
Table 2020-2025 Asia & Pacific Wire Cut Edm Price List By Type
Table 2020-2030 China Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 China Wire Cut Edm Import & Export List
Table 2020-2030 India Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 India Wire Cut Edm Import & Export List
Table 2020-2030 Japan Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Japan Wire Cut Edm Import & Export List
Table 2020-2030 South Korea Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 South Korea Wire Cut Edm Import & Export List
Table 2020-2030 Southeast Asia Wire Cut Edm Market Size List
Table 2020-2030 Southeast Asia Wire Cut Edm Market Volume List
Table 2020-2030 Southeast Asia Wire Cut Edm Import List
Table 2020-2030 Southeast Asia Wire Cut Edm Export List
Table 2020-2030 Australia Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Australia Wire Cut Edm Import & Export List
Table 2020-2030 Europe Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Europe Wire Cut Edm Demand List By Application
Table 2020-2025 Europe Wire Cut Edm Key Players Sales List
Table 2020-2025 Europe Wire Cut Edm Key Players Market Share List
Table 2020-2030 Europe Wire Cut Edm Demand List By Type
Table 2020-2025 Europe Wire Cut Edm Price List By Type
Table 2020-2030 Germany Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Germany Wire Cut Edm Import & Export List
Table 2020-2030 France Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 France Wire Cut Edm Import & Export List
Table 2020-2030 United Kingdom Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 United Kingdom Wire Cut Edm Import & Export List
Table 2020-2030 Italy Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Italy Wire Cut Edm Import & Export List
Table 2020-2030 Spain Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Spain Wire Cut Edm Import & Export List
Table 2020-2030 Belgium Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Belgium Wire Cut Edm Import & Export List
Table 2020-2030 Netherlands Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Netherlands Wire Cut Edm Import & Export List
Table 2020-2030 Austria Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Austria Wire Cut Edm Import & Export List
Table 2020-2030 Poland Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Poland Wire Cut Edm Import & Export List
Table 2020-2030 Russia Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Russia Wire Cut Edm Import & Export List
Table 2020-2030 Mea Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Mea Wire Cut Edm Demand List By Application
Table 2020-2025 Mea Wire Cut Edm Key Players Sales List
Table 2020-2025 Mea Wire Cut Edm Key Players Market Share List
Table 2020-2030 Mea Wire Cut Edm Demand List By Type
Table 2020-2025 Mea Wire Cut Edm Price List By Type
Table 2020-2030 Egypt Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Egypt Wire Cut Edm Import & Export List
Table 2020-2030 Israel Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Israel Wire Cut Edm Import & Export List
Table 2020-2030 South Africa Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 South Africa Wire Cut Edm Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Wire Cut Edm Import & Export List
Table 2020-2030 Turkey Wire Cut Edm Market Size And Market Volume List
Table 2020-2030 Turkey Wire Cut Edm Import & Export List
Table 2020-2025 Global Wire Cut Edm Market Size List By Region
Table 2020-2025 Global Wire Cut Edm Market Size Share List By Region
Table 2020-2025 Global Wire Cut Edm Market Volume List By Region
Table 2020-2025 Global Wire Cut Edm Market Volume Share List By Region
Table 2020-2025 Global Wire Cut Edm Demand List By Application
Table 2020-2025 Global Wire Cut Edm Demand Market Share List By Application
Table 2020-2025 Global Wire Cut Edm Key Vendors Sales List
Table 2020-2025 Global Wire Cut Edm Key Vendors Sales Share List
Table 2020-2025 Global Wire Cut Edm Key Vendors Revenue List
Table 2020-2025 Global Wire Cut Edm Key Vendors Revenue Share List
Table 2020-2025 Global Wire Cut Edm Demand List By Type
Table 2020-2025 Global Wire Cut Edm Demand Market Share List By Type
Table 2020-2025 Regional Wire Cut Edm Price List
Table 2025-2030 Global Wire Cut Edm Market Size List By Region
Table 2025-2030 Global Wire Cut Edm Market Size Share List By Region
Table 2025-2030 Global Wire Cut Edm Market Volume List By Region
Table 2025-2030 Global Wire Cut Edm Market Volume Share List By Region
Table 2025-2030 Global Wire Cut Edm Demand List By Application
Table 2025-2030 Global Wire Cut Edm Demand Market Share List By Application
Table 2025-2030 Global Wire Cut Edm Key Vendors Sales List
Table 2025-2030 Global Wire Cut Edm Key Vendors Sales Share List
Table 2025-2030 Global Wire Cut Edm Key Vendors Revenue List
Table 2025-2030 Global Wire Cut Edm Key Vendors Revenue Share List
Table 2025-2030 Global Wire Cut Edm Demand List By Type
Table 2025-2030 Global Wire Cut Edm Demand Market Share List By Type
Table 2025-2030 Wire Cut Edm Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Wire Cut Edm Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Wire Cut Edm Market Size And Cagr
Figure 2020-2030 North America Wire Cut Edm Market Volume And Cagr
Figure 2020-2030 South America Wire Cut Edm Market Size And Cagr
Figure 2020-2030 South America Wire Cut Edm Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Wire Cut Edm Market Size And Cagr
Figure 2020-2030 Asia & Pacific Wire Cut Edm Market Volume And Cagr
Figure 2020-2030 Europe Wire Cut Edm Market Size And Cagr
Figure 2020-2030 Europe Wire Cut Edm Market Volume And Cagr
Figure 2020-2030 Mea Wire Cut Edm Market Size And Cagr
Figure 2020-2030 Mea Wire Cut Edm Market Volume And Cagr
Figure 2020-2025 Global Wire Cut Edm Market Volume And Growth Rate
Figure 2020-2025 Global Wire Cut Edm Market Size And Growth Rate
Figure 2025-2030 Global Wire Cut Edm Market Volume And Growth Rate
Figure 2025-2030 Global Wire Cut Edm Market Size And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |