Abstract [According to the transparent market research organization reported on January 3, 2016] A recent report by the Transparent Market Research Institute (TMR) predicts that by 2024, the market for superhard material cutting machinery will reach $1.81 billion. The world's superhard material cutting machinery city...
[According to the transparent market research organization reported on January 3, 2016] A recent report by the Transparent Market Research Institute (TMR) predicts that by 2024, the market for superhard material cutting machinery will reach $1.81 billion. The global market for superhard material cutting machines mainly includes spark erosion machines (EDM) and laser cutting machines. In 2015, the market was only $730 million, which means that the market is expected to achieve a compound annual growth rate of 10.8% between 2016 and 2024. In terms of market capacity, the market is expected to reach 6,661 by the end of 2024.
The report also confirmed the three major players in the global market, Machinery Systems, Inc., DMG MORI and GF Machining Solutions, which accounted for 44.3% of the total market capitalization. Therefore, it can be seen from the report that the market is currently lacking in competition and cannot lower the price of cutting machinery.
In the long run, competition among companies will become more intense, resulting in a wider range of competitive pricing to meet greater demand. However, in the next few years, the threat of new competitors will be expected to help maintain a relatively low price of machinery, because the new company wants to stand in the global market for superhard material cutting machinery and must invest huge capital.
A TMR analyst explains: “The growing demand for synthetic diamond semiconductor substrates is the main driver of the global market for superhard material cutting machinery. The physical properties of synthetic diamonds provide better thermal transfer management, so This feature helps semiconductor design engineers get out of the traditional dilemma of power density and reliability issues when shrinking semiconductor footprint."
In addition to this application, the report also emphasizes that superhard material cutting machines are increasingly being used in other areas such as mining, defense, semiconductor and electronics industries. The authors speculate that fiber laser technology is about 30 times faster than EDM, so it is likely that the technology is driving this expansion, and the development of new products and the price reduction caused by competition will further increase the use of fiber lasers.
In addition to these predictions, the TMR report explores two major obstacles to the development of the market, namely the total cost of the unit and the complex use. Compared to conventional cutting systems, the manufacture of high-resolution super-hard material cutting machines is extremely costly, and this machine can put pressure on small and medium-sized manufacturers on the market in terms of materials and design.
TMR analysts added, "Participants in the global market for superhard material cutting machinery, especially those in developing regions, don't have to worry too much about the cost of manufacturing machinery. Industry in Asia Pacific and Latin America use large-scale cutting of superhard materials. Machinery, and creating higher demand over time. This is why many key players in the global superhard material cutting machinery market are currently focusing on resource development.
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