Data Bridge Market Research analyses that the Automotive Magnet Wire 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.
Market analysis and market segmentation has been reviewed here in terms of markets, geographic scope, years considered for the study, currency, and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions. This reliable report plays very major role in achieving high business growth and success in this competitive market place for this industry. A nice blend of market intelligence and industry expertise used in this business report definitely helps achieve the business goals. Businesses can assertively refer such high-quality Automotive Magnet Wire Market report to accomplish a supreme success.
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Automotive Magnet Wire Market Overview:
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.
Top Leading Key Players of Automotive Magnet Wire Market:
- MWS Wire Industries, Inc.
- 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
- Cividale spa
- Craig Wire Products LLC
- Wenzhou JOGO Imp&Exp Co., Ltd.
- Infantron Singapore
- TAYA GROUP
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Automotive Magnet Wire Market Scope and Market Size
- 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.
- On the basis of application, the automotive magnet wire market is segmented into motor, starter motor, braking, alternators, stability control, windows, door lock and seating and others. In 2021, motor segment dominates the application segment with the largest market share due to the growth in the transportation industry which overall enhances the usage of magnet wires.
- On the basis of distribution channel, the automotive magnet wire market is segmented into B2B, speciality stores, e-commerce, supermarkets/hypermarkets and others. In 2021, B2B segment accounts for the highest market share due to several factors such as on-time delivery performance, better quality assurance, a wide variety of technical and engineering support, better warranty and brand value.
- On the basis of end user, the automotive magnet wire market is segmented into passenger car, light commercial vehicle, heavy commercial vehicle and electric vehicle. In 2021, passenger car segment augments the market with the largest market share due to the increase in the number of passenger vehicles globally as compared to other vehicle types.
Automotive Magnet Wire Market Country Level Analysis
The countries covered in the Automotive Magnet Wire Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The country section of the Automotive Magnet Wire market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Automotive Magnet Wire Market Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Automotive Magnet Wire market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analysed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Automotive Magnet Wire
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-magnet-wire-market
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