North America Automotive Magnet Wire Market Regulatory Framework, Macro-economic Factors and Industry Demand.
Market, By Type (Copper Wire, Aluminium Wire), Product Type (Enamelled Wire, Covered Conductor Wire), Material (Polyamide-imide (PAI) , Polyimides (PI), Polyetherimide (PEI), Polyether Ether Ketone (PEEK)), Shape (Round Magnet Wire, Rectangle Magnet Wire, Square Magnet Wire), Application (Motor, Starter Motor, Braking, Alternators, Stability Control, Windows, Door Lock and Seating), Distribution Channel (B2B, Speciality Stores, E-Commerce, Supermarkets/Hypermarkets), End User (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Automotive Magnet Wire Market
· Automotive magnet wire market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.2% in the forecast period of 2021 to 2028 and expected to reach USD 1,331.95 million by 2028. Increasing demand for magnet wire in automotive is acting as a major factor for the growth of the market.
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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 and aluminium wire. In 2021, copper wire 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 , the automotive magnet wire market is segmented into enamelled wire and covered conductor wire. In 2021, the enamelled wire 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 , 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) 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 , the automotive magnet wire market is segmented into round magnet wire, rectangle magnet wire and square magnet wire. In 2021, round magnet wire holds the highest market share due to the maximum utilization of round wires by the motor manufacturer due to its low cost. However, rectangle wire may come into the limelight due to its increased space factor.
· 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 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. Moreover, increased investment towards electric vehicles is also one factor driving the segments' growth.
· 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 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 augments the market with the largest market share due to the increase in the number of passenger vehicles globally compared to other vehicle types.
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Automotive Magnet Wire Market Country Level Analysis
· The countries covered in automotive magnet wire market report are U.S., Canada and Mexico in North America.
Competitive Landscape and Automotive Magnet Wire Market Share Analysis
· Automotive magnet wire market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve.
Major players covered in the report are
· MWS Wire Industries, Inc.
· Rea, Superior Essex Inc.
· Hitachi Metals, Ltd.
· Sumitomo Electric Industries, Ltd.
· Fujikura Ltd
· LS Cable & System Ltd.
· Cividale spa
· Craig Wire Products LLC
MAJOR TOC OF THE REPORT
· MARKET SEGMENTATION
· EXECUTIVE SUMMARY
· PREMIUM INSIGHTS
· MARKET OVERVIEW
Get TOC Details
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