The Automotive Magnet Wire Industry will relinquish an approximated estimate at a frequency of 4.3% for the projection space of 2021 to 2028 with factor such as increasing growing demand of real time access.
The automotive magnet wire market has shown an exceptional penetration in countries such as the U.S., Germany and China. The rising demand of quality assurance commodity is boosting the growth in developed countries. In developing countries, high requirement from oil and gas industry is aiding the automotive magnet wire market to achieve high growth rate.
Automotive Magnet Wire Market Scenario
According to Data Bridge Market Research, the market for automotive magnet wire in Asia-Pacific region has the highest market share followed by Europe and North America. Market leader is Sumitomo Electric Industries, Ltd. which accounts an estimated market share of approximately 10% to 11% globally. The company has gained outstanding sales through their automotive magnet wire products.
- In March 2021, LS Cable & System Ltd. supplied magnet wire for Hyundai IONIQ 5 and Kia EV6 producing 800V high-voltage magnet wire (enamel wire) in Korea. The company enhanced its business portfolio through the magnet wire supply to other automobile companies enhancing its global outreach in the market.
Trends Impacting the Automotive Magnet Wire Market
Now the question is which other regions Sumitomo Electric Industries, Ltd., Tongling Jingxun Special Enamelled Wire Co.,Ltd. and Superior Essex Inc. are targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific automotive magnet wire market and the market leaders targeting the China and Japan to be their next revenue pockets for 2021.
The automotive magnet wire market is becoming more competitive every year with companies such as Sumitomo Electric Industries, Ltd., Tongling Jingxun Special Enamelled Wire Co.,Ltd. and Superior Essex Inc. as they are the market leaders for automotive magnet wire market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the automotive magnet wire market.
For more analysis on the automotive magnet wire market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-automotive-magnet-wire-market
Automotive Magnet Wire Market Development
- In February 2021, Sumitomo Electric Industries, Ltd. launched CHAdeMO-compatible*1 DC Quick-Charger/Discharger Connector Cable Assembly for electric vehicles (EVs). The new charger is capable of delivering safe and reliable electric vehicles. The company enhanced its business portfolio delivering more profit to the company.
Scope of the Automotive Magnet Wire Market
Global automotive magnet wire market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Turkey, Switzerland, rest of Europe, China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Thailand, Malaysia, Singapore, Philippines, rest of Asia-Pacific, Saudi Arabia, South Africa, Israel, UAE, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
- All country based analysis of automotive magnet wire market is further analyzed based on further segmentation. On the basis of type, the automotive magnet wire market is segmented into copper wire and aluminium wire. On the basis of product type, the automotive magnet wire market is segmented into enamelled wire and covered conductor wire. On the basis of material, the automotive magnet wire market is segmented into polyamide-imide (PAI), polyimides (PI), polyetherimide (PEI), polyether ether ketone (PEEK) and others. On the basis of shape, the automotive magnet wire market is segmented into round magnet wire, rectangle magnet wire and square magnet wire. 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. On the basis of distribution channel, the automotive magnet wire market is segmented into B2B, speciality stores, e-commerce, supermarkets/hypermarkets and others. 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.
To know more about the study https://www.databridgemarketresearch.com/reports/global-automotive-magnet-wire-market
Key Pointers Covered in Automotive Magnet Wire Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different Regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- MWS Wire Industries, Inc.
- Rea
- Superior Essex Inc.
- Elektrisola Dr. Gerd Schildbach GmbH&Co. KG
- Tongling Jingxun Special Enamelled Wire Co.,Ltd
- Hitachi Metals, Ltd.
- Sam Dong
- Sumitomo Electric Industries, Ltd.
- Fujikura Ltd.
- LWW Group
- Ederfil Becker
- LS Cable & System Ltd.
- Device Technologies, Inc.
- Synflex Elektro GmbH
- ACEBSA
- Cividale spa
- Craig Wire Products LLC
- Wenzhou JOGO Imp&Exp Co., Ltd.
- Infantron Singapore
- TAYA GROUP
Above are the key players covered in the report, to know about more and exhaustive list of automotive magnet wire companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-magnet-wire-market
Research Methodology: Global Automotive Magnet Wire Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Product and Product Developers, Automotive Engineers, Electrical Engineers among others
- Supply Side: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers, National Sales Managers among others.
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