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
The electron beam machining market is estimated to be worth USD 181 million in 2019 and is expected to grow USD 212 million by 2024, at CAGR of 3.2% from 2019 to 2024. The growth of this market is propelled by factors such as the increasing demand for welding in automotive & aerospace industry, benefits tendered by the high-tech & standardized method of welding using a single electron beam, and low-cost, effective welding solution for complex components in various industries.
“Electron beam welding application to account for the largest share and expected to grow at the highest CAGR in the global electron beam machining markets”
Electron beam welding is a precision and advanced welding technique which is preferred in various industries such as automotive, aerospace & defense, medical, oil & gas, nuclear, and many instrumentations applications. These industries adopt electron beam welding due to the various benefits such as joining of similar & dissimilar materials, welding of complex components used in space crafts or automobile parts, welds in large quantities with repeatable accuracy and quality control, high welding speed, narrow welds, and cost-effective process due to welding done in single pass.
“Automotive industry to account for the largest share and is expected to grow at the highest CAGR in the global electron beam machining market ”
The fast-changing automotive industry across the world requires electron beam machines to a great extent. The increasing production of automobiles in the majority of countries and the potential benefits such as increased stiffness due to electron beam welding leading to improved vehicle structural performance, smaller heat-affected zone and less thermal distortion due to use of electron beam is expected to drive market growth. Moreover, the need for welding of small to large & critical automobile components such as gear parts, shafts, and turbochargers are the significant factors which are expected to further fuel the growth of the automotive industry in the global electron beam machining market.
“RoW expected to be the fastest-growing region in the electron beam machining market from 2019 to 2024”
The electron beam machining market in RoW is expected to grow at the highest CAGR during the forecast period. There are significant growth opportunities for the market in this region. The Middle East is prominent in oil & gas exploration & production. Nevertheless, there would be a shift towards other miscellaneous sectors, which can bring new growth opportunities for electron beam machining applications such as welding and drilling.
“Europe expected to be the fastest-growing region in the Electron beam machining market from 2019 to 2024.”
The electron beam machining market in Europe is expected to grow at the highest CAGR from 2019 to 2024. Europe is the major exporter of electron beam machines to other regions, increasing demand for EB welding technology in automotive & aerospace industry due to large scale production of automobiles and presence of aircraft manufacturers in the European region, 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 themarket.
Key Market Players
The global electron beam machining market is dominated by Global Beam Technologies (Germany), Mitsubishi Electric (Japan), and pro-beam (Germany). The other key players in this market include companies such as Cambridge Vacuum Engineering (UK), Sciaky (US), Bodycote (UK), Beijing Zhong Ke Electric Co.Ltd. (China), Sodick (Japan), TETA (Russia), FOCUS GmbH (Germany), Evobeam (Germany), and AVIC (China), among others.
Global Beam Technologies (Germany) held the leading position in the electron beam machining market in 2018. The company is also one of the leading providers for a maximum number of applications using electron beam technology such as drilling, welding, and surface treatment. It is also considered as the innovator of the electron beam. The company is one of the leading manufacturers of electron beam machines for turbomachinery and automotive industries. Global Beam Technologies is the holding company for Steigerwald Strahltechnik (Germany) along with three other innovative partners namely PTR Strahltechnik (Germany), Beijing Aijiemo Robotics Systems (China), and PTR Precision Technologies (US) for electron beam technology users around the globe. The electron beam technology is the business basis for all the four company units that provide electron beam machines and services. Steigerwald Strahlrechnik mainly manufactures electron beam machines for welding and surface treatment for the aerospace industry. PTR Strahltechnik develops and manufactures machines for the automotive industry. PTR Precision Technologies provides electron beam welding services for power generation, aerospace, electronics, etc. AJM Robotic Systems provides job shop welding services. The company caters to industries such as automotive, aerospace, turbomachinery, mechanical, electrical, and research & development.
Mitsubishi (Japan) is one of the leading suppliers in the global electron beam machining market. The company designs, manufactures, develops, and sells electrical and electronic equipment. It primarily operates through the Energy and Electric Systems, Industrial Automation Systems, Information and Communication Systems, Electronic Devices, Home Appliances, and Other segments. Currently, the company has eight businesses, namely, Power Systems, Factory Automation (FA), Power Devices, Automotive Equipment, Transportation Systems, Building Systems, Space Systems, and Air-Conditioning & Refrigeration Systems. Factory Automation business provides electron beam machines for welding, surface treatment as well as brazing. The company supplies its electron beam machines for automobiles and electronics industry.
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Scope of the Report:
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Report Metric |
Details |
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Market size available for years |
2016–2024 |
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Base year considered |
2018 |
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Forecast period |
2019–2024 |
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Forecast units |
Value (USD) |
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Segments covered |
Application, Industry, and Geography |
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Geographies covered |
North America, Europe, Asia Pacific, and RoW |
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Companies covered |
Global Beam Technologies (Germany), Mitsubishi Electric (Japan), and pro-beam (Germany). |
This research report categorizes the global electron beam machining market based on Application, industry, and geography.
Electron Beam Machining Market, by Application:
- Welding
- Surface Treatment
- Drilling
Electron Beam Machining Market, by Industry:
- Automotive
- Aerospace & Defence
- Others
Market, by Region:
- North America
- Europe
- Asia Pacific
- Rest of the World
Key Questions Addressed by the Report:
- Which application of electron beam machines would have the highest demand in the future?
- Which Industries prefer electron beam machines most?
- What are the opportunities and challenges pertaining to the market?
- What are the key industry trends in the market?
- What are the different materials used for processing by electron beam machining market?
Frequently Asked Questions (FAQ):
What is the future valuation of global electron beam machining market?
The global electron be machining market is projected to be valued at USD 212 million in 2024.
What are the driving factors for the elecron beam machining market?
The growth of the market is propelled by the factors such as increasing demand for welding in automotive & aerospace industry, benefits tendered by the high-tech & standardized method of welding using a single electron beam, and low-cost, and effective welding solution for complex components in various industries.
How is the electron beam machining market segmented?
The electron beam machining market has been segmented based on application, industry and region.
Which are the prominent players offering electron beam machines?
Global Beam Technologies (Germany), Mitsubishi Electric (Japan), pro-beam (Germany), Cambridge Vacuum Engineering (US), Sciaky (US), Evobeam (Germany) are some of the key players offering electron beam machines.
Which region will lead the electron beam machining market in future?
Europe is expected to lead the electron beam machining market during the forecast period.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From the Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data Points From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 27)
4.1 Attractive Opportunities in Market
4.2 Market in Welding, By Industry
4.3 Market, By Industry
4.4 Market, By Region
4.5 Europe Market, By Industry & Application
5 Market Overview (Page No. - 30)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Benefits of Electron Beam Welding
5.2.1.2 Demand for Welding in Aerospace and Automotive Industries
5.2.2 Restraints
5.2.2.1 Availability of Alternative Micromachining Technologies
5.2.2.2 Generation of X-Rays During Electron Beam Welding Process
5.2.3 Opportunities
5.2.3.1 Cost-Effective Welding for Large Scale Production
5.2.4 Challenges
5.2.4.1 Limitation on the Workpiece Size Due to Vacuum Chamber Size
5.2.4.2 Requirement of Highly Trained Personnel
5.2.4.3 High Capital/Set Up Cost of Electron Beam Machines
5.3 Electron Beam Machining System Components
5.4 Factors Affecting the Electron Beam Machining Performance
6 Analysis of Materials Processed Using Electron Beam Machining (Page No. - 35)
6.1 Introduction
6.2 Stainless Steel
6.2.1 Stainless Steel is Most Widely Used for Electron Beam Machining
6.3 Titanium
6.3.1 Increased Use of Titanium in Aerospace & Defense Industry for Developing Various Aircraft Components
6.4 Nickel
6.4.1 Nickel-Based Alloys Playing A Prominent Role in Power Industry
6.5 Others
6.5.1 Increased Porosity of Copper Due to Its Electron Beam Welding
7 Market, By Application (Page No. - 38)
7.1 Introduction
7.2 Welding
7.2.1 Advantages of Electron Beam Welding
7.3 Drilling
7.3.1 Pulse Modulation Plays an Important Role in Drilling Process
7.4 Surface Treatment
7.4.1 Use of Electron Beam Surface Treatment Technology as A Surface Hardening Tool
8 Market, By Industry (Page No. - 45)
8.1 Introduction
8.2 Automotive
8.2.1 Growth Scope for Turbocharger Welders in Automotive Industry
8.3 Aerospace & Defense
8.3.1 Nadcap Accreditation Ensures Quality of Welders
8.4 Others
8.4.1 Reduced Pressure Electron Beam Welding Enables High-Quality On-Site Welding and Single Pass Thick Section Welding
9 Market, By Geography (Page No. - 54)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Key Suppliers of Electron Beam Welding Services in the US Market
9.2.2 Rest of North America
9.2.2.1 Growing Need for Electron Beam Welding in Aerospace Industry is Expected to Offer Opportunities for Market in Mexico
9.3 Europe
9.3.1 Germany
9.3.1.1 Germany is One of the Key Markets for Electron Beam Machining for Automotive Industry in Europe
9.3.2 France
9.3.2.1 Presence of Leading Aerospace Companies to Drive Demand for Electron Beam Welding in France
9.3.3 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 Presence of Key Suppliers of Electron Beam Machines in the Country is Driving the Chinese Market
9.4.2 Japan
9.4.2.1 Nuclear Industry is A Prominent Market for Electron Beam Machining in Japan
9.4.3 Rest of APAC
9.5 Rest of the World (RoW)
9.5.1 South America
9.5.1.1 Future Growth Opportunities for Market in Brazil
9.5.2 Middle East & Africa
9.5.2.1 Significant Growth Expected for Market in Middle East
10 Competitive Landscape (Page No. - 68)
10.1 Overview
10.2 Competitive Analysis
10.3 Key Players and Their Offerings
10.4 Competitive Leadership Mapping
10.4.1 Visionary Leaders
10.4.2 Dynamic Differentiators
10.4.3 Innovators
10.4.4 Emerging Companies
11 Company Profiles (Page No. - 72)
11.1 Key Players
(Business Overview, Products Offered, SWOT Analysis, and MnM View)*
11.1.1 Mitsubishi Electric
11.1.2 Global Beam Technologies
11.1.3 Pro-Beam
11.1.4 Cambridge Vacuum Engineering
11.1.5 Sciaky
11.1.6 Bodycote
11.1.7 Beijing Zhong Ke Electric Co. Ltd.
11.1.8 Sodick
11.1.9 Teta
11.1.10 Focus GmbH
11.2 Other Key Players
11.2.1 Evobeam
11.2.2 AVIC
11.3 Key Electron Beam Service Providers
11.3.1 Ravenscourt Engineering
11.3.2 Josch Strahlschweißtechnik GmbH
11.3.3 EB Industries
11.3.4 EBWA Industries
11.3.5 Acceleron Inc.
11.3.6 Creative Instrumentation
11.3.7 Joining Technologies
11.3.8 B.C. Instruments
11.3.9 KFMI
*Details on Business Overview, Products Offered, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 94)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (36 Tables)
Table 1 Electron Beam Machining Market, By Application, 2016–2024 (USD Million)
Table 2 Market in Welding, By Region, 2016–2024 (USD Million)
Table 3 Market in Welding, By Industry, 2016–2024 (USD Million)
Table 4 Market in Drilling, By Region, 2016–2024 (USD Million)
Table 5 Market in Drilling, By Industry, 2016–2024 (USD Million)
Table 6 Market in Surface Treatment, By Region, 2016–2024 (USD Million)
Table 7 Market in Surface Treatment, By Industry, 2016–2024 (USD Million)
Table 8 Market, By Industry, 2016–2024 (USD Million)
Table 9 Market for Automotive, By Region, 2016–2024 (USD Million)
Table 10 Market for Automotive, By Application, 2016–2024 (USD Million)
Table 11 North America Market for Automotive, By Application, 2016–2024 (USD Million)
Table 12 Europe Market for Automotive, By Application, 2016–2024 (USD Million)
Table 13 APAC Market for Automotive, By Application, 2016–2024 (USD Million)
Table 14 Market for Aerospace & Defense, By Region, 2016–2024 (USD Million)
Table 15 Market for Aerospace & Defense, By Application, 2016–2024 (USD Million)
Table 16 North America Market for Aerospace & Defense, By Application, 2016–2024 (USD Million)
Table 17 Europe Market for Aerospace & Defense, By Application, 2016–2024 (USD Million)
Table 18 APAC Market for Aerospace & Defense, By Application, 2016–2024 (USD Million)
Table 19 Market for Other Industries, By Region, 2016–2024 (USD Million)
Table 20 Market for Other Industries, By Application, 2016–2024 (USD Million)
Table 21 North America Market for Other Industries, By Application, 2016–2024 (USD Million)
Table 22 Europe Market for Other Industries, By Application, 2016–2024 (USD Million)
Table 23 APAC Market for Other Industries, By Application, 2016–2024 (USD Million)
Table 24 Market, By Region, 2016–2024 (USD Million)
Table 25 Market in North America, By Country, 2016–2024 (USD Million)
Table 26 Market in North America, By Industry, 2016–2024 (USD Million)
Table 27 Market in North America, By Application, 2016–2024 (USD Million)
Table 28 Market in Europe, By Country, 2016–2024 (USD Million)
Table 29 Market in Europe, By Industry, 2016–2024 (USD Million)
Table 30 Market in Europe, By Application, 2016–2024 (USD Million)
Table 31 Market in APAC, By Country, 2016–2024 (USD Million)
Table 32 Market in APAC, By Industry, 2016–2024 (USD Million)
Table 33 Market in APAC, By Application, 2016–2024 (USD Million)
Table 34 Market in RoW, By Industry, 2016–2024 (USD Million)
Table 35 Market in RoW, By Application, 2016–2024 (USD Million)
Table 36 Key Companies and Their Offerings in the Market
List of Figures (41 Figures)
Figure 1 Markets Covered
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Limitations of the Research Study
Figure 8 Market Segmentation
Figure 9 Market Snapshot
Figure 10 Welding Application Expected to Lead Market During Forecast Period
Figure 11 Automotive Industry Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Market in Asia Pacific Expected to Grow at the Highest Growth Rate Between 2019 & 2024
Figure 13 Benefits of Electron Beam Machines Make Them Preferable Across Various Industries
Figure 14 Automotive Industry Estimated to Lead Market in Welding in 2019
Figure 15 Automotive Industry Expected to Grow at the Highest CAGR During Forecast Period
Figure 16 Europe is Estimated to Account for the Largest Share of the Market for Electron Beam Machining in 2019
Figure 17 Automotive Industry Accounted for Largest Share of the Europe Market in 2018
Figure 18 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Key Benefits of Electron Beam Welding
Figure 20 Global Vehicle Production (Million Units)
Figure 21 Components of an Electron Beam Machine
Figure 22 Parameters Affecting the Performance of Electron Beam Machine
Figure 23 Classification of Materials Used for Electron Beam Machining
Figure 24 Types of Stainless Steel Used for Electron Beam Welding
Figure 25 Parameters Responsible for Increased Porosity of Copper Metal Due to Electron Beam Welding
Figure 26 Market, By Application
Figure 27 Types of Electron Beam Welding Machines
Figure 28 Market, By Industry
Figure 29 China to Dominate the Market From 2019 to 2024
Figure 30 North America Market (USD Million)
Figure 31 Snapshot of Market in Europe
Figure 32 Passenger Car Production in Europe, 2018 (Million Units)
Figure 33 France’s Share in Nuclear Power Generation in 2018: Europe vs Global
Figure 34 Snapshot of Market in APAC
Figure 35 Present State of Automotive Industry in China
Figure 36 Japan’s Nuclear Energy Generation Increased Multifold in 2018
Figure 37 Market Ranking of the Top 3 Players in the Market, 2018
Figure 38 Market (Global) Competitive Leadership Mapping, 2018
Figure 39 Mitsubishi Electric: Company Snapshot
Figure 40 Bodycote: Company Snapshot
Figure 41 Sodick: Company Snapshot
The study involved four major activities in estimating the current market size for the electron beam machining market. Exhaustive secondary research has been done to collect information on the current market, the peer market, and the parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the overall market size. After that, the market breakdown and data triangulation approaches have been used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories and databases; among others.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, product users, and related executives from major companies and organizations operating in the electron beam machining market. Following is the breakdown of primary respondents—
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the electron beam machining market, as well as that of the other dependent submarkets. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire research methodology includes the following:
- The study of annual and financial reports of top players, as well as interviews with experts for key insights
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
- All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in detail, verified through the primary research
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the global electron beam machining market by application, industry, and geography in terms of value
- To describe and forecast the market size for various segments by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the market
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
- To strategically profile key players and comprehensively analyze their market ranking in terms of revenue and core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across key regions
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the companies’ specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Electron Beam Machining Market