Automotive Magnet Wire Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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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?