Electron Beam Machining Market

Key Revenue Pockets - Electron Beam Machining Market

The electron beam machining market is expected to be worth USD 181 million in 2019. It is expected to grow USD 212 million, at a CAGR of 3.2% from 2019 to 2024. The factors that are driving the growth of the market include the growing demand for welding technologies in automotive & aerospace industry and advantages of electron beam welding technology over other welding technologies.

Electron beam machining market is becoming increasingly important due to demand for welding of complex & critical components, need of precision welding in various industries, and the growing need of low-cost welding process for large production in automatic mode. Electron beam machining applications such as narrow welds, surface hardening, and very high drilling rates, need for the processing of materials in various industries, benefits tendered by EB welding, and increasing demand for welding applications in automotive & aerospace industry is driving the need for electron beam machines.

To know about the assumptions considered for the study download the pdf brochure

The electron beam machining market for the automotive industry is expected to grow at the highest CAGR from 2019 to 2024. The increased production of automobiles in the majority of countries need for welding of small to large & critical automobile components such as gear parts, shafts and turbochargers are the drivers which are propelling the growth of electron beam machining market in the automotive industry. Is expected to drive the demand for electron beam machining market subsequently.

The market for electron beam welding application is expected to grow at the highest CAGR from 2019 to 2024. Due to the increasing demand of welding application in aerospace and automotive industry, the need of high quality & precision welding of complex components, and welding of dissimilar materials with different melting points, variety of weld penetrations are the factors responsible for the growth of welding application in electron beam machining market.

The electron beam machining market in Europe is expected to grow at the highest CAGR from 2019 to 2024. The demand of EB welding technology due to large scale production of automobiles in Germany, presence of aircraft manufacturers, and presence of major players serving all the major electron beam machining applications such as welding, surface treatment & drilling are the factors which are fueling the growth of the said market.

Related Reports:

Electron Beam Machining Market by Application (Welding, Surface Treatment, and Drilling), Industry (Automotive and Aerospace & Defence), and Geography (North America, Europe, Asia Pacific, RoW) - Global Forecast to 2024

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Electron Beam Machining Market Size,  Share & Growth Report
Report Code
SE 7321
RI Published ON
8/28/2019
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status