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Automotive Magnet Wire Trends and Forecast
The future of the global automotive magnet wire market looks promising with opportunities in the motor, starter motor, braking, alternator, stability control, window, door lock, and seating markets. The global automotive magnet wire market grow with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are growing adoption of electric vehicles and increasing inclination towards energy-efficieint automotive magnet wires.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Magnet Wire by Segment
The study includes a forecast for the global automotive magnet wire by type, product type, material, application, and region.
Automotive Magnet Wire Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Copper Wire
• Aluminium Wire
Automotive Magnet Wire Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Enamelled Wire
• Covered Conductor Wire
Automotive Magnet Wire Market by Material [Shipment Analysis by Value from 2018 to 2030]:
• Polyamide-Imide (PAI)
• Polyimides (PI)
• Polyetherimide (PEI)
• Polyether Ether Ketone (PEEK)
• Others
Automotive Magnet Wire Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Motor
• Starter Motor
• Braking
• Alternator
• Stability Control
• Window
• Door Lock
• Seating
• Others
Automotive Magnet Wire Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Magnet Wire Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive magnet wire companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive magnet wire companies profiled in this report include-
• MWS Wire Industries
• Superior Essex
• Elektrisola Dr. Gerd Schildbach
• Tongling Jingda Special Magnet Wire
• Hitachi Metal
• Sam Dong
• Fujikura
• Sumitomo Electric Industries
• LWW
• SHWire
Automotive Magnet Wire Market Insights
Lucintel forecasts that enamelled wire will remain the larger segment over the forecast period due to its growing adoption as motor, starter motor, braking, alternators, and various other applications.
Within this market, motor will remain the largest segment due to its lightweight and structural properties.
APAC is expected to witness highest growth over the forecast period due to increasing adoption of electric vehicle across the region.
Features of the Global Automotive Magnet Wire Market
Market Size Estimates: Automotive magnet wire market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive magnet wire market size by various segments, such as by type, product type, material, application, and region in terms of value ($B).
Regional Analysis: Automotive magnet wire market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, product types, materials, applications, and regions for the automotive magnet wire market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive magnet wire market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for automotive magnet wire market?
Answer: The global automotive magnet wire market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the automotive magnet wire market?
Answer: The major drivers for this market are growing adoption of electric vehicles and increasing inclination towards energy-efficieint automotive magnet wires.
Q3. What are the major segments for automotive magnet wire market?
Answer: The future of the automotive magnet wire market looks promising with opportunities in the motor, starter motor, braking, alternator, stability control, window, door lock, and seating markets.
Q4. Who are the key automotive magnet wire market companies?
Answer: Some of the key automotive magnet wire companies are as follows:
• MWS Wire Industries
• Superior Essex
• Elektrisola Dr. Gerd Schildbach
• Tongling Jingda Special Magnet Wire
• Hitachi Metal
• Sam Dong
• Fujikura
• Sumitomo Electric Industries
• LWW
• SHWire
Q5. Which automotive magnet wire market segment will be the largest in future?
Answer: Lucintel forecasts that enamelled wire will remain the larger segment over the forecast period due to its growing adoption as motor, starter motor, braking, alternators, and various other applications.
Q6. In automotive magnet wire market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing adoption of electric vehicle across the region.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive magnet wire market by type (copper wire and aluminium wire), product type (enamelled wire and covered conductor wire), material (polyamide-imide (PAI), polyimides (PI), polyetherimide (PEI), polyether ether ketone (PEEK), and others), application (motor, starter motor, braking, alternator, stability control, window, door lock, seating, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Magnet Wire Market, Automotive Magnet Wire Market Size, Automotive Magnet Wire Market Growth, Automotive Magnet Wire Market Analysis, Automotive Magnet Wire Market Report, Automotive Magnet Wire Market Share, Automotive Magnet Wire Market Trends, Automotive Magnet Wire Market Forecast, Automotive Magnet Wire Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Automotive Magnet Wire Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Automotive Magnet Wire Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Automotive Magnet Wire Market by Type
3.3.1: Copper Wire
3.3.2: Aluminium Wire
3.4: Global Automotive Magnet Wire Market by Product Type
3.4.1: Enamelled Wire
3.4.2: Covered Conductor Wire
3.5: Global Automotive Magnet Wire Market by Material
3.5.1: Polyamide-Imide (PAI)
3.5.2: Polyimides (PI)
3.5.3: Polyetherimide (PEI)
3.5.4: Polyether Ether Ketone (PEEK)
3.5.5: Others
3.6: Global Automotive Magnet Wire Market by Application
3.6.1: Motor
3.6.2: Starter Motor
3.6.3: Braking
3.6.4: Alternator
3.6.5: Stability Control
3.6.6: Window
3.6.7: Door Lock
3.6.8: Seating
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Automotive Magnet Wire Market by Region
4.2: North American Automotive Magnet Wire Market
4.2.1: North American Automotive Magnet Wire Market by Product Type: Enamelled Wire and Covered Conductor Wire
4.2.2: North American Automotive Magnet Wire Market by Application: Motor, Starter Motor, Braking, Alternator, Stability Control, Window, Door Lock, Seating, and Others
4.3: European Automotive Magnet Wire Market
4.3.1: European Automotive Magnet Wire Market by Product Type: Enamelled Wire and Covered Conductor Wire
4.3.2: European Automotive Magnet Wire Market by Application: Motor, Starter Motor, Braking, Alternator, Stability Control, Window, Door Lock, Seating, and Others
4.4: APAC Automotive Magnet Wire Market
4.4.1: APAC Automotive Magnet Wire Market by Product Type: Enamelled Wire and Covered Conductor Wire
4.4.2: APAC Automotive Magnet Wire Market by Application: Motor, Starter Motor, Braking, Alternator, Stability Control, Window, Door Lock, Seating, and Others
4.5: ROW Automotive Magnet Wire Market
4.5.1: ROW Automotive Magnet Wire Market by Product Type: Enamelled Wire and Covered Conductor Wire
4.5.2: ROW Automotive Magnet Wire Market by Application: Motor, Starter Motor, Braking, Alternator, Stability Control, Window, Door Lock, Seating, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automotive Magnet Wire Market by Type
6.1.2: Growth Opportunities for the Global Automotive Magnet Wire Market by Product Type
6.1.3: Growth Opportunities for the Global Automotive Magnet Wire Market by Material
6.1.4: Growth Opportunities for the Global Automotive Magnet Wire Market by Application
6.1.5: Growth Opportunities for the Global Automotive Magnet Wire Market by Region
6.2: Emerging Trends in the Global Automotive Magnet Wire Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automotive Magnet Wire Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Magnet Wire Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: MWS Wire Industries
7.2: Superior Essex
7.3: Elektrisola Dr. Gerd Schildbach
7.4: Tongling Jingda Special Magnet Wire
7.5: Hitachi Metal
7.6: Sam Dong
7.7: Fujikura
7.8: Sumitomo Electric Industries
7.9: LWW
7.10: SHWire
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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