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