Automotive Magnet Wire Market Future Scope, Development, Revenue and Growth Factors up to 2028


Posted January 21, 2022 by chitinsalian

Automotive magnet wire market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.3%

 
Automotive magnet wire market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.3% in the forecast period of 2021 to 2028 and is expected to reach USD 6,187.33 million by 2028. Rising adoption of electric vehicle (EV) further enhances the requirement of magnet wires which is driving the overall growth of the global automotive magnet wire market. Magnet wire in automotive is a fundamental component of transforming the electrical energy in the motors, starters, ignition coil, power control system and other vehicle parts. Magnet wire comprises the following features: insulation uniformity, good electric properties such as dielectric strength with insulation resistance, resistance to mechanical stress, resistance to chemicals, solvents, thermal resistance and long thermal life.

The greater performance offered for the vehicle due to coating of the enamelled wire makes an automobile performance high by enhancing the malleability, temperature and resistivity is boosting the growth of the automotive magnet wire market. Rising prices of copper magnet wire are acting as a restraint for the growth of the automotive magnet wire market. Development in providing low permittivity magnet wire is further creating opportunity for the automotive magnet wire market. The cases cracking and bulging is posing challenges for the automotive magnet wire market.

Global Automotive Magnet Wire Market, By Type (Copper Wire, Aluminium Wire), Product Type (Enamelled Wire, Covered Conductor Wire), Material (Polyamide-Imide (PAI), Polyimides (PI), Polyetherimide (PEI), Polyether Ether Ketone (PEEK), Others), Shape (Round Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Starter Motor, Braking, Alternators, Stability Control, Windows, Door Lock, Seating, Others), Distribution Channel (B2B, Speciality Stores, E-Commerce, Supermarkets/Hypermarkets, Others), End User (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Turkey, Switzerland, Rest of Europe, China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Singapore, Philippines, Rest of Asia-Pacific, Saudi Arabia, South Africa, Israel, UAE, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America) Industry Trends and Forecast to 2028.This automotive magnet wire market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the automotive magnet wire market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Automotive Magnet Wire Market Scope and Market Size:
The automotive magnet wire market is segmented on the basis of the type, product type, material, shape, application, distribution channel and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the automotive magnet wire market is segmented into copper wire and aluminium wire. In 2021, copper wire segment holds the largest market share due to the increase in the preference of copper magnet wire by the motor manufacturers as it provides excellent chemical and mechanical properties along with heat resistant, better conductivity, energy efficiency and others.
On the basis of product type, the automotive magnet wire market is segmented into enamelled wire and covered conductor wire. In 2021, the enamelled wire segment dominates the overall market with maximum market share due to several factors including excellent insulation material, stable quality, high electrical resistance, light in weight resistance to corrosion among others.
On the basis of material, the automotive magnet wire market is segmented into polyamide-imide (PAI), polyimides (PI), polyetherimide (PEI), polyether ether ketone (PEEK) and others. In 2021, the polyamide-imide (PAI) segment augments the market share due to better performance in each aspect including thermal resistance, better insulation quality, ultimate elongation of coating and high abrasion resistance and temperature endurance.
On the basis of shape, the automotive magnet wire market is segmented into round magnet wire, rectangle magnet wire and square magnet wire. In 2021, round magnet wire segment holds the highest market share due to the maximum utilization of round wires by the motor manufacturers due to its low cost.

Key Market Competitors:
The major players covered in the global automotive magnet wire market report are MWS Wire Industries, Inc., Rea, Superior Essex Inc., Elektrisola Dr. Gerd Schildbach GmbH&Co. KG, Tongling Jingxun Special Enamelled Wire Co.,Ltd, Hitachi Metals, Ltd., Sam Dong, Sumitomo Electric Industries, Ltd., Fujikura Ltd., LWW Group, Ederfil Becker, LS Cable & System Ltd., Device Technologies, Inc., Synflex Elektro GmbH, ACEBSA, Cividale spa, Craig Wire Products LLC, Wenzhou JOGO Imp&Exp Co., Ltd., Infantron Singapore, TAYA GROUP among other global and domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Key Pointers Covered in the Automotive Magnet Wire Market:
Market New Sales Volumes
Market Replacement Sales Volumes
Market Installed Base
Market by Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Market Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study

MAJOR TOC OF THE REPORT:
Chapter One: Automotive Magnet Wire Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Automotive Magnet Wire Market Competition, by Players
Chapter Four: Automotive Magnet Wire Market Size by Regions
Chapter Five: Automotive Magnet Wire Market Revenue by Countries
Chapter Six: Automotive Magnet Wire Market Revenue by Type
Chapter Seven: Automotive Magnet Wire Market Revenue by Application
Chapter Eight: Automotive Magnet Wire Market Revenue by Industries
Chapter Nine: Automotive Magnet Wire Market Revenue by Deployment Model
Chapter Ten: Automotive Magnet Wire Market Revenue by End User

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The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Automotive Magnet Wire Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors Automotive Magnet Wire Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model

About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
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Last Updated January 21, 2022