Global Beam Machining Market: An Overview
The global beam machining market report is an-depth analysis of forecast, trends, and drivers during 2018-2026. The beam machining is a widely used technique in manufacturing. The technique relies on high-velocity electrons concentrated into a narrow beammare to create heat and vaporize materials. These are widely used in industrial applications like automotive, constructions, and manufacturing to precisely cut a wide variety of metals. Additionally, the technique is also used in the creation of highly reactive chemicals like Al and Mg easily. Its capability to produce small size holes is highly valuable in end-applications in automobiles, marine engineering, and aerospace among others. The electronic beam machining market is expected to register robust growth in the near future, thanks to horizons like electric vehicles and advent of other technologies like 5G.
Global Beam Machining Market: Notable Developments
The sales of electric vehicle current stand at a modest 2.2% in the global market. However, the sales surged 63% in 2018. This surge was led by China with 79%, US by 81%, and 34% in Europe. Moreover, according to some recently released reports, electric vehicles are expected to capture 57% of all vehicle sales in the market by 2040. This is not surprising. The emission goals are expected to drive major growth for electric vehicles. For example, one of the largest European car maket, Volkswagen has announced an investment of 50 bn USD through 2023. Additionally, the company will introduce 70 new electric models in the market by 2028. The rising demand for electric vehicles, the climate change accord, and rising shift in manufacturing are expected to drive major growth for the electronic beam machining market.
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The rise in automation and laser-based beaming machining are expected to present key opportunities in the electronic beam machining market. Recently, one of its key applications, the micrometer scale has recently led to the development of new injection nozzles for the automotive industry. It has led to increase in efficiency for fuel by over 30%. This is a major breakthrough for the product. Currently, fuel emissions are a major concern for the automotive sector. Additionally, automation in manufacturing of automobiles are expected to make automakers more reliant on players in the beam machining market.
Global Beam Machining Market: Drivers and Restraints
Apart from the automotive industry, the telecom sector is also expected to create major opportunities for the electronic beam machining market. Horizons like 5G are expected to drive significant opportunities for the players as it is expected to drive growth of smart infrastructure around the world. Smart infrastructure including systems like IoV or smart traffic management systems are heavily reliant on advanced structural infrastructure. This is expected to create significant opportunities for players in the electronic beam machining market in the near future.
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Global Beam Machining Market: Geographical Analysis
The global beam machining market report will embed detailed study on key regions of the globe including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America is expected to retain its leading position in terms of total revnues during the forecast period. The rising investment in infrastructure for electric vehicles, including automated manufacturing facilities, charging stations, and growing demand for electric vehicles are expected to drive growth. Moreover, the market is also expected to register lucrative growth in Asia Pacific. China is home to some cost-effective manufacturers of electric vehicles. These new manufactures are expected to drive significant growth for players in the beam machining market in the near future.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.