Canada Automotive Wire Magnet Market to 2032
Overview
The Canada Automotive Wire Magnet Market is expected to reach a 490.31 USD Million by 2032 and is projected to grow at a CAGR of 4.58% from 2025 to 2032.
Revenue, 2024 (USD Million)
358.45
Forecast, 2032 (USD Million)
490.31
CAGR, 2024 - 2032
4.58%
Report Coverage
Canada
Canada Automotive Wire Magnet Market 2018-2032 USD Million
Canada Automotive Wire Magnet Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 358.45 USD Million
- Projected Market Size (2032): 490.31 USD Million
- CAGR (2025-2032): 4.58%
Key Findings of Canada Automotive Wire Magnet Market
- The Canada Automotive Wire Magnet Market was valued at 358.45 USD Million in 2024.
- The Canada Automotive Wire Magnet Market is likely to grow at a CAGR of 4.58% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Copper Wire in Type Segment accounted for the largest share of the market with a revenue of 266.12 USD Million
- The fastest growing segment Motor Industry in End User Segment grew Fastest with a CAGR of 6.53% during the forecast period from 2024 to 2032.
Canada Automotive Wire Magnet Market Scope
Canada Automotive Wire Magnet Market Segmentation & Scope
Type
- Aluminium Wire
- Copper Wire
Product Type
- Covered Conductor Wire
- Enamelled Wire
Integration Framework Type
- Semi-Hard Magnet
- Hard Magnet
- Soft Magnet
Technology Focus Type
- Others Magnet Technology
- Ferrite Technology
- Samarium Cobalt Technology
- Neodymium Technology
Insulation Type
- Polyether Ether Ketone (PEEK)
- Polyetherimide (PEI)
- PolyimideS (PI)
- Others
- Polyamide-imide (PAI)
Shape
- Square Magnet Wire
- Rectangle Magnet Wire
- Round Bondable Magnet Wire
- Round Magnet Wire
Application
- Other Electrical Devices
- Stability
- Seating
- Door Locking
- Windows
- Coax
- Lvds/Hds
- Hv Power Cables
- Battery Cables
- Eds Power Supply
- Starter/ Alternator Harness
- Battery Harness
- Braking
- Inductors
- Transformers
- Motors
Distribution Channel
- Indirect Sales
- Direct Sales
End User
- Others
- Data
- Signalling And Supply
- Transformer
- Home Appliances
- Energy
- Vehicles
- Lightining Industry
- Passenger
- Actuators Industry
- Sensor Industry
- Motor Industry
Canada Automotive Wire Magnet Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 358.45 USD Million |
| Market Value in 2032 | 490.31 USD Million |
| CAGR (2025-2032) | 4.58% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Product Type,Integration Framework Type,Technology Focus Type,Insulation Type,Shape,Application,Distribution Channel,End User |
Regional Insights:
-
Leading Market (2024-2032): Canada, leading in terms of revenue 358.45 USD Million in 2024
- Key Country: Canada, leading in terms of revenue with value of 358.45 USD Million in 2024.
Segments and Scope
-
Canada Automotive Wire Magnet Market to 2032, By Type
- Copper Wire is the largest segment in Canada Automotive Wire Magnet Market to 2032 with a revenue of 266.12 USD Million in the year 2024.
- Copper Wire is the Fastest growing segment in Canada Automotive Wire Magnet Market to 2032 with a Growth rate of 4.74 % in forecast period 2025-2032.
-
Canada Automotive Wire Magnet Market to 2032, By Product Type
- Enamelled Wire is the largest segment in Canada Automotive Wire Magnet Market to 2032 with a revenue of 235.84 USD Million in the year 2024.
- Enamelled Wire is the Fastest growing segment in Canada Automotive Wire Magnet Market to 2032 with a Growth rate of 4.89 % in forecast period 2025-2032.
-
Canada Automotive Wire Magnet Market to 2032, By Integration Framework Type
- Soft Magnet is the largest segment in Canada Automotive Wire Magnet Market to 2032 with a revenue of 206.56 USD Million in the year 2024.
- Soft Magnet is the Fastest growing segment in Canada Automotive Wire Magnet Market to 2032 with a Growth rate of 4.72 % in forecast period 2025-2032.
-
Canada Automotive Wire Magnet Market to 2032, By Technology Focus Type
- Neodymium Technology is the largest segment in Canada Automotive Wire Magnet Market to 2032 with a revenue of 152.13 USD Million in the year 2024.
- Neodymium Technology is the Fastest growing segment in Canada Automotive Wire Magnet Market to 2032 with a Growth rate of 4.88 % in forecast period 2025-2032.
-
Canada Automotive Wire Magnet Market to 2032, By Insulation Type
- Polyamide-imide (PAI) is the largest segment in Canada Automotive Wire Magnet Market to 2032 with a revenue of 149.51 USD Million in the year 2024.
- Polyamide-imide (PAI) is the Fastest growing segment in Canada Automotive Wire Magnet Market to 2032 with a Growth rate of 5.78 % in forecast period 2025-2032.
-
Canada Automotive Wire Magnet Market to 2032, By Shape
- Round Magnet Wire is the largest segment in Canada Automotive Wire Magnet Market to 2032 with a revenue of 228.76 USD Million in the year 2024.
- Round Magnet Wire is the Fastest growing segment in Canada Automotive Wire Magnet Market to 2032 with a Growth rate of 4.88 % in forecast period 2025-2032.
-
Canada Automotive Wire Magnet Market to 2032, By Application
- Motors is the largest segment in Canada Automotive Wire Magnet Market to 2032 with a revenue of 51.65 USD Million in the year 2024.
- Motors is the Fastest growing segment in Canada Automotive Wire Magnet Market to 2032 with a Growth rate of 5.73 % in forecast period 2025-2032.
-
Canada Automotive Wire Magnet Market to 2032, By Distribution Channel
- Direct Sales is the largest segment in Canada Automotive Wire Magnet Market to 2032 with a revenue of 230.02 USD Million in the year 2024.
- Indirect Sales is the Fastest growing segment in Canada Automotive Wire Magnet Market to 2032 with a Growth rate of 4.37 % in forecast period 2025-2032.
-
Canada Automotive Wire Magnet Market to 2032, By End User
- Motor Industry is the largest segment in Canada Automotive Wire Magnet Market to 2032 with a revenue of 63.04 USD Million in the year 2024.
- Motor Industry is the Fastest growing segment in Canada Automotive Wire Magnet Market to 2032 with a Growth rate of 6.53 % in forecast period 2025-2032.
Canada Automotive Wire Magnet Market Company Share Analysis
| Company Name |
|
||
| Sumitomo Electric Industries, Ltd. | |||
| FURUKAWA ELECTRIC CO., LTD. | |||
| Proterial, Ltd. | |||
| TONGLING JINGDA SPECIAL ELECTROMAGNETIC WIRE CO., LTD. | |||
| Ningbo Jintian Copper (Group) Co., Ltd. | |||
Canada Automotive Wire Magnet Market Geographical Sales Distribution, 2018-2032 USD Million
Canada Automotive Wire Magnet Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Canada Automotive Wire Magnet Market is segmented based on Segmentation Type,Product Type,Integration Framework Type,Technology Focus Type,Insulation Type,Shape,Application,Distribution Channel,End User.
Canada Automotive Wire Magnet Market was valued at USD 358.45(Revenue in USD Million) in 2023.
Canada Automotive Wire Magnet Market is projected to grow at a CAGR of 4.58% during the forecast period of 2024 to 2032.
The Copper Wire segment is expected to dominate the Canada Automotive Wire Magnet Market, holding a largest market share of 266.12 USD Million in 2024
Coming Soon....
Canada Automotive Wire Magnet Market Scope
Canada Automotive Wire Magnet Market Segmentation & Scope
Type
- Aluminium Wire
- Copper Wire
Product Type
- Covered Conductor Wire
- Enamelled Wire
Integration Framework Type
- Semi-Hard Magnet
- Hard Magnet
- Soft Magnet
Technology Focus Type
- Others Magnet Technology
- Ferrite Technology
- Samarium Cobalt Technology
- Neodymium Technology
Insulation Type
- Polyether Ether Ketone (PEEK)
- Polyetherimide (PEI)
- PolyimideS (PI)
- Others
- Polyamide-imide (PAI)
Shape
- Square Magnet Wire
- Rectangle Magnet Wire
- Round Bondable Magnet Wire
- Round Magnet Wire
Application
- Other Electrical Devices
- Stability
- Seating
- Door Locking
- Windows
- Coax
- Lvds/Hds
- Hv Power Cables
- Battery Cables
- Eds Power Supply
- Starter/ Alternator Harness
- Battery Harness
- Braking
- Inductors
- Transformers
- Motors
Distribution Channel
- Indirect Sales
- Direct Sales
End User
- Others
- Data
- Signalling And Supply
- Transformer
- Home Appliances
- Energy
- Vehicles
- Lightining Industry
- Passenger
- Actuators Industry
- Sensor Industry
- Motor Industry
Frequently Asked Questions
The Canada Automotive Wire Magnet Market is segmented based on Segmentation Type,Product Type,Integration Framework Type,Technology Focus Type,Insulation Type,Shape,Application,Distribution Channel,End User.
Canada Automotive Wire Magnet Market was valued at USD 358.45(Revenue in USD Million) in 2023.
Canada Automotive Wire Magnet Market is projected to grow at a CAGR of 4.58% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Automotive Wire Magnet Market for final year is USD 490.31 (USD Million).
Canada Automotive Wire Magnet Market Company Profiling
Frequently Asked Questions
The Canada Automotive Wire Magnet Market is segmented based on Segmentation Type,Product Type,Integration Framework Type,Technology Focus Type,Insulation Type,Shape,Application,Distribution Channel,End User.
Canada Automotive Wire Magnet Market was valued at USD 358.45(Revenue in USD Million) in 2023.
Canada Automotive Wire Magnet Market is projected to grow at a CAGR of 4.58% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Automotive Wire Magnet Market for final year is USD 490.31 (USD Million).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.