Product Code: MRFR/CnM/10368-CR
Market Overview
Automotive Magnet Wire Market is anticipated to register a CAGR of 4.40% during the review period. The Automotive Magnet Wire Market is anticipated to be driven by improvement in the generally automotive area, because of rising expectations for everyday comforts, and urbanization. Notwithstanding the automotive market being lazy following the pandemic, the market is seeing continuous interest in development.
Energy proficiency adds to ceaseless turn of events and financial development. The incredible electrical and warm conductivity of copper fills in as the establishment for energy productivity. Since copper is the best nonprecious conveyor of intensity and power, copper-containing things work all the more productively. One of the essential magnet wire market factors that is projected to impact the business during the figure time frame is the expanded spotlight on energy-productive automotive magnet wires. During the energy change process, a critical amount of energy is lost as intensity. Thus, makers are centered around working on the effectiveness of hardware, for example, engines, which is driving the requirement for exceptionally proficient magnet wire, which can limit electrical energy utilization in an engine. Makers are additionally focusing on giving automotive magnet wire more noteworthy warm effectiveness. The developing prerequisite for proficient footing engines in NEVs, as well as the execution of regenerative slowing mechanisms in cars, will drive up interest for energy-effective magnet wires.
Besides, the warm and electrical qualities of the protecting layer on automotive magnet wires affect the life span of the electric engine. At the point when the prompt covering voltage, known as flood voltage, in a rapid exchanging inverter-took care of engine surpasses the fractional release commencement voltage (PDIV), the protection layer is crumbled by halfway release (PD), bringing about protection breakdown.
Market Segmentation
Copper Wire and aluminum Wire are included in the type-based segmentation of the automotive magnet wire market. Enamelled wire and coated conductor wire make up two of the market segments for automotive magnet wire depending on product type.
Motor, starter motor, braking, alternators, stability control, windows, door locks, seating, and other factors are used to segment the automotive magnet wire market.
Regional Insights
Among these, Asia-Pacific ruled the market with a portion of 41.94%, representing USD in 2022; it is normal to enlist the most noteworthy CAGR of 4.60% from 2023 to 2030. Europe was the second biggest with an offer in 2022. The European market is basically determined by the accessibility of unrefined components and expanding interest for Automotive Magnet Wire across the region for different applications.
Major Players
Key Companies in the Automotive Magnet Wire market include MWS Wire Industries (MWS), Superior Essex Inc., Elektrisola Dr. Gerd Schildbach GmbH & Co KG, Tongling Jingda Special Magnet Wire Co., Ltd, Proterial Ltd, Sam Dong, Tongling Jingda Special Magnet Wire Co., Ltd., Proterial Ltd, formerly Hitachi Metals, Ltd., Sumitomo Electric Industries, Ltd., Fujikura Ltd., LWW Group, and SHWire.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 19
- 1.2 AUTOMOTIVE MAGNET WIRE MARKET, BY TYPE 19
- 1.3 AUTOMOTIVE MAGNET WIRE MARKET, BY PRODUCT TYPE 20
- 1.4 AUTOMOTIVE MAGNET WIRE MARKET, BY MATERIAL 21
- 1.5 AUTOMOTIVE MAGNET WIRE MARKET, BY APPLICATION 22
- 1.6 AUTOMOTIVE MAGNET WIRE MARKET, BY SHAPE 23
- 1.7 AUTOMOTIVE MAGNET WIRE MARKET, BY END USER 24
- 1.8 AUTOMOTIVE MAGNET WIRE MARKET, BY REGION 25
2 MARKET INTRODUCTION 26
- 2.1 DEFINITION 26
- 2.2 SCOPE OF THE STUDY 26
- 2.3 RESEARCH OBJECTIVE 26
- 2.4 MARKET STRUCTURE 27
- 2.5 KEY BUYING CRITERIA 28
- 2.6 MACRO FACTOR ANALYSIS 29
3 RESEARCH METHODOLOGY 30
- 3.1 RESEARCH PROCESS 30
- 3.2 PRIMARY RESEARCH 31
- 3.3 SECONDARY RESEARCH 32
- 3.4 MARKET SIZE ESTIMATION 32
- 3.5 TOP-DOWN & BOTTOM-UP APPROACH 33
- 3.6 FORECAST MODEL 34
- 3.7 LIST OF ASSUMPTIONS 35
4 MARKET DYNAMICS 36
- 4.1 OVERVIEW 36
- 4.2 DRIVERS 37
- 4.2.1 GROWTH IN THE OVERALL AUTOMOTIVE INDUSTRY 37
- 4.2.2 FOCUS ON INCREASING ENERGY EFFICIENCY OF AUTOMOTIVE MAGNET WIRES AND ENHANCING MOTOR LONGEVITY 39
- 4.3 RESTRAINTS 40
- 4.3.1 RISING COPPER PRICES IMPACTING PRODUCTION COSTS 40
- 4.4 OPPORTUNITIES 42
- 4.4.1 SIGNIFICANT MARKET GROWTH POTENTIAL OF ELECTRIC VEHICLES INDUSTRY 42
- 4.5 CHALLENGES 43
- 4.5.1 COMPLEX PRODUCT NATURE AND SIGNIFICANT POTENTIAL OF DEFECTS 43
- 4.6 TRENDS 44
- 4.6.1 DEVELOPMENT OF LOW PERMITTIVITY MAGNET WIRE AND USE OF RECTANGULAR WIRES IN MOTORS 44
- 4.7 IMPACT ANALYSIS OF COVID-19 46
- 4.7.1 IMPACT ON THE SUPPLY CHAIN OF AUTOMOTIVE MAGNET WIRE MARKET 46
- 4.7.2 IMPACT ON MARKET DEMAND FOR AUTOMOTIVE MAGNET WIRE MARKET 46
5 MARKET FACTOR ANALYSIS 47
- 5.1 SUPPLY CHAIN ANALYSIS 47
- 5.1.1 RAW MATERIAL SUPPLIERS 48
- 5.1.2 AUTOMOTIVE MAGNET WIRE MANUFACTURERS 48
- 5.1.3 SALES & DISTRIBUTION 49
- 5.1.4 END USERS 50
- 5.2 PORTER'S FIVE FORCES MODEL 51
- 5.2.1 THREAT OF NEW ENTRANTS 51
- 5.2.2 BARGAINING POWER OF SUPPLIERS 52
- 5.2.3 THREAT OF SUBSTITUTES 52
- 5.2.4 BARGAINING POWER OF BUYERS 52
- 5.2.5 INTENSITY OF RIVALRY 52
6 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET, BY TYPE 53
- 6.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET SIZE, MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030 53
- 6.1.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKETSIZE: MARKET ESTIMATES & FORECAST BY TYPE, 2019-2030 53
7 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET, BY PRODUCT TYPE 54
- 7.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET SIZE, MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 54
- 7.1.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKETSIZE: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 54
8 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET, BY MATERIAL 55
- 8.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET SIZE, MARKET ESTIMATES & FORECAST BY MATERIAL, 2019-2030 55
- 8.1.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKETSIZE: MARKET ESTIMATES & FORECAST BY MATERIAL, 2019-2030 55
9 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET, BY APPLICATION 56
- 9.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET SIZE, MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030 57
- 9.1.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKETSIZE: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030 57
10 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET, BY SHAPE 58
- 10.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET SIZE, MARKET ESTIMATES & FORECAST BY SHAPE, 2019-2030 58
- 10.1.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKETSIZE: MARKET ESTIMATES & FORECAST BY SHAPE, 2019-2030 58
11 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET, BY END USER 59
- 11.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET SIZE, MARKET ESTIMATES & FORECAST BY END USER, 2019-2030 59
- 11.1.1 GLOBAL AUTOMOTIVE MAGNET WIRE MARKETSIZE: MARKET ESTIMATES & FORECAST BY END USER, 2019-2030 59
12 GLOBAL AUTOMOTIVE MAGNET WIRE MARKET, BY REGION 60
- 12.1 NORTH AMERICA 61
- 12.1.1 US 63
- 12.1.2 CANADA 65
- 12.1.3 MEXICO 67
- 12.2 EUROPE 69
- 12.2.1 GERMANY 71
- 12.2.2 FRANCE 73
- 12.2.3 UK 75
- 12.2.4 ITALY 77
- 12.2.5 SPAIN 79
- 12.2.6 REST OF EUROPE 81
- 12.3 ASIA-PACIFIC 84
- 12.3.1 CHINA 86
- 12.3.2 INDIA 88
- 12.3.3 JAPAN 90
- 12.3.4 SOUTH KOREA 92
- 12.3.5 REST OF ASIA-PACIFIC 94
- 12.4 MIDDLE EAST & AFRICA 97
- 12.4.1 GCC COUNTIRES 99
- 12.4.2 SOUTH AFRICA 101
- 12.4.3 REST OF MIDDLE EAST & AFRICA 103
- 12.5 SOUTH AMERICA 106
- 12.5.1 BRAZIL 108
- 12.5.2 ARGENTINA 110
- 12.5.3 REST OF SOUTH AMERICA 112
13 COMPETITIVE LANDSCAPE 115
- 13.1 INTRODUCTION 115
- 13.2 KEY DEVELOPMENTS AND GROWTH STRATEGIES 116
- 13.2.1 PARTNERSHIP/COLLBORATION 116
- 13.2.2 EXPANSION 116
- 13.2.3 ACQUISITION/MERGER 117
- 13.2.4 RECOGNITION 117
- 13.3 GLOBAL MARKET STRATEGY ANALYSIS 117
- 13.4 COMPETITIVE BENCHMARKING 118
14 COMPANY PROFILES 119
- 14.1 MWS WIRE INDUSTRIES 119
- 14.1.1 COMPANY OVERVIEW 119
- 14.1.2 FINANCIAL OVERVIEW 119
- 14.1.3 PRODUCT OFFERED 119
- 14.1.4 KEY DEVELOPMENTS 120
- 14.1.5 SWOT ANALYSIS 121
- 14.1.6 KEY STRATEGIES 121
- 14.2 SUPERIOR ESSEX INC. 122
- 14.2.1 COMPANY OVERVIEW 122
- 14.2.2 FINANCIAL OVERVIEW 122
- 14.2.3 PRODUCTS OFFERED 122
- 14.2.4 KEY DEVELOPMENTS 123
- 14.2.5 SWOT ANALYSIS 123
- 14.2.6 KEY STRATEGIES 123
- 14.3 ELEKTRISOLA DR. GERD SCHILDBACH GMBH & CO KG. 124
- 14.3.1 COMPANY OVERVIEW 124
- 14.3.2 FINANCIAL OVERVIEW 124
- 14.3.3 PRODUCTS OFFERED 124
- 14.3.4 KEY DEVELOPMENTS 125
- 14.3.5 SWOT ANALYSIS 125
- 14.3.6 KEY STRATEGIES 125
- 14.4 TONGLING JINGDA SPECIAL MAGNET WIRE CO., LTD. 126
- 14.4.1 COMPANY OVERVIEW 126
- 14.4.2 FINANCIAL OVERVIEW 126
- 14.4.3 PRODUCT OFFERED 126
- 14.4.4 KEY DEVELOPMENTS 127
- 14.4.5 SWOT ANALYSIS 127
- 14.4.6 KEY STRATEGIES 127
- 14.5 PROTERIAL LTD. 128
- 14.5.1 COMPANY OVERVIEW 128
- 14.5.2 FINANCIAL OVERVIEW 129
- 14.5.3 PRODUCTS OFFERED 129
- 14.5.4 KEY DEVELOPMENTS 130
- 14.5.5 SWOT ANALYSIS 130
- 14.5.1 KEY STRATEGIES 130
- 14.6 SAM DONG 131
- 14.6.1 COMPANY OVERVIEW 131
- 14.6.2 FINANCIAL OVERVIEW 131
- 14.6.3 PRODUCTS OFFERED 131
- 14.6.4 KEY DEVELOPMENTS 131
- 14.6.5 SWOT ANALYSIS 132
- 14.6.6 KEY STRATEGIES 132
- 14.7 SUMITOMO ELECTRIC INDUSTRIES, LTD. 133
- 14.7.1 COMPANY OVERVIEW 133
- 14.7.2 FINANCIAL OVERVIEW 134
- 14.7.3 PRODUCTS OFFERED 134
- 14.7.4 KEY DEVELOPMENTS 135
- 14.7.5 SWOT ANALYSIS 135
- 14.7.6 KEY STRATEGIES 136
- 14.8 FUJIKURA LTD. 137
- 14.8.1 COMPANY OVERVIEW 137
- 14.8.2 FINANCIAL OVERVIEW 138
- 14.8.3 PRODUCTS OFFERED 138
- 14.8.4 KEY DEVELOPMENT 139
- 14.8.5 SWOT ANALYSIS 140
- 14.8.6 KEY STRATEGIES 140
- 14.9 LWW GROUP 141
- 14.9.1 COMPANY OVERVIEW 141
- 14.9.2 FINANCIAL OVERVIEW 141
- 14.9.3 PRODUCTS OFFERED 141
- 14.9.4 KEY DEVELOPMENTS 142
- 14.9.5 SWOT ANALYSIS 142
- 14.9.6 KEY STRATEGIES 142
- 14.10 SHWIRE 143
- 14.10.1 COMPANY OVERVIEW 143
- 14.10.2 FINANCIAL OVERVIEW 143
- 14.10.3 PRODUCTS OFFERED 143
- 14.10.4 KEY DEVELOPMENTS 143
- 14.10.5 SWOT ANALYSIS 144
- 14.10.6 KEY STRATEGIES 144
- 14.11 ZEUS COMPANY INC 145
- 14.11.1 COMPANY OVERVIEW 145
- 14.11.2 FINANCIAL OVERVIEW 145
- 14.11.3 PRODUCTS OFFERED 145
- 14.11.4 KEY DEVELOPMENT 145
- 14.11.5 SWOT ANALYSIS 146
- 14.11.6 KEY STRATEGIES 146
- 14.12 ESSEX FURUKAWA MAGNET WIRE EUROPE GMBH 147
- 14.12.1 COMPANY OVERVIEW 147
- 14.12.2 FINANCIAL OVERVIEW 147
- 14.12.3 PRODUCTS OFFERED 147
- 14.12.4 KEY DEVELOPMENTS 148
- 14.12.5 SWOT ANALYSIS 148
- 14.12.6 KEY STRATEGIES 149
- 14.13 JIATENG ELECTRIC INDUSTRY (GANZHOU) CO., LTD. 150
- 14.13.1 COMPANY OVERVIEW 150
- 14.13.2 FINANCIAL OVERVIEW 150
- 14.13.3 PRODUCT OFFERED 150
- 14.13.4 KEY DEVELOPMENTS 150
- 14.13.5 SWOT ANALYSIS 151
- 14.13.6 KEY STRATEGIES 151
- 14.14 HPW METALLWERK GMBH. 152
- 14.14.1 COMPANY OVERVIEW 152
- 14.14.2 FINANCIAL OVERVIEW 152
- 14.14.3 PRODUCTS OFFERED 152
- 14.14.4 KEY DEVELOPMENTS 152
- 14.14.5 SWOT ANALYSIS 153
- 14.14.6 KEY STRATEGIES 153
15 APPENDIX 154
- 15.1 REFERENCES 154
- 15.2 RELATED REPORTS 154