China Automotive Magnet Wire Market to 2032
Overview
The China Automotive Magnet Wire Market is expected to reach a 2,578.77 USD Billion by 2032 and is projected to grow at a CAGR of 6.94% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1,694.09
Forecast, 2032 (USD Billion)
2,578.77
CAGR, 2024 - 2032
6.94%
Report Coverage
China
China Automotive Magnet Wire Market 2018-2032 USD Billion
China Automotive Magnet Wire Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1,694.09 USD Billion
- Projected Market Size (2032): 2,578.77 USD Billion
- CAGR (2025-2032): 6.94%
Key Findings of China Automotive Magnet Wire Market
- The China Automotive Magnet Wire Market was valued at 1,694.09 USD Billion in 2024.
- The China Automotive Magnet Wire Market is likely to grow at a CAGR of 6.94% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Electric Vehicle in End User Segment accounted for the largest share of the market with a revenue of 1,507.01 USD Billion
- The fastest growing segment Motor in Application Segment grew Fastest with a CAGR of 8.03% during the forecast period from 2024 to 2032.
China Automotive Magnet Wire Market Scope
China Automotive Magnet Wire Market Segmentation & Scope
End User
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Passenger Car
- Electric Vehicle
Distribution Channel
- Supermarkets/Hypermarkets
- E-Commerce
- Speciality Stores
- Others
- B2B
Application
- Others
- Windows, Door Lock and Seating
- Stability Control
- Alternators
- Braking
- Starter Motor
- Motor
Product Type
- Covered Conductor Wire
- Enamelled Wire
Material
- Polyether Ether Ketone (PEEK)
- Polyetherimide (PEI)
- PolyimideS (PI)
- Others
- Polyamide-imide (PAI)
Type
- Aluminium Wire
- Copper Wire
Shape
- Square Magnet Wire
- Rectangle Magnet Wire
- Round Magnet Wire
China Automotive Magnet Wire Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1,694.09 USD Billion |
| Market Value in 2032 | 2,578.77 USD Billion |
| CAGR (2025-2032) | 6.94% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End User,Distribution Channel,Application,Product Type,Material,Type,Shape |
Regional Insights:
-
Leading Market (2024-2032): China, leading in terms of revenue 1,694.09 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 1,694.09 USD Billion in 2024.
Segments and Scope
-
China Automotive Magnet Wire Market to 2032, By End User
- Electric Vehicle is the largest segment in China Automotive Magnet Wire Market to 2032 with a revenue of 1,507.01 USD Billion in the year 2024.
- Electric Vehicle is the Fastest growing segment in China Automotive Magnet Wire Market to 2032 with a Growth rate of 7.18 % in forecast period 2025-2032.
-
China Automotive Magnet Wire Market to 2032, By Distribution Channel
- B2B is the largest segment in China Automotive Magnet Wire Market to 2032 with a revenue of 1,226.70 USD Billion in the year 2024.
- B2B is the Fastest growing segment in China Automotive Magnet Wire Market to 2032 with a Growth rate of 7.31 % in forecast period 2025-2032.
-
China Automotive Magnet Wire Market to 2032, By Application
- Motor is the largest segment in China Automotive Magnet Wire Market to 2032 with a revenue of 476.44 USD Billion in the year 2024.
- Motor is the Fastest growing segment in China Automotive Magnet Wire Market to 2032 with a Growth rate of 8.03 % in forecast period 2025-2032.
-
China Automotive Magnet Wire Market to 2032, By Product Type
- Enamelled Wire is the largest segment in China Automotive Magnet Wire Market to 2032 with a revenue of 1,106.06 USD Billion in the year 2024.
- Enamelled Wire is the Fastest growing segment in China Automotive Magnet Wire Market to 2032 with a Growth rate of 7.45 % in forecast period 2025-2032.
-
China Automotive Magnet Wire Market to 2032, By Material
- Polyamide-imide (PAI) is the largest segment in China Automotive Magnet Wire Market to 2032 with a revenue of 727.61 USD Billion in the year 2024.
- Polyamide-imide (PAI) is the Fastest growing segment in China Automotive Magnet Wire Market to 2032 with a Growth rate of 7.75 % in forecast period 2025-2032.
-
China Automotive Magnet Wire Market to 2032, By Type
- Copper Wire is the largest segment in China Automotive Magnet Wire Market to 2032 with a revenue of 1,333.77 USD Billion in the year 2024.
- Copper Wire is the Fastest growing segment in China Automotive Magnet Wire Market to 2032 with a Growth rate of 7.12 % in forecast period 2025-2032.
-
China Automotive Magnet Wire Market to 2032, By Shape
- Round Magnet Wire is the largest segment in China Automotive Magnet Wire Market to 2032 with a revenue of 1,421.91 USD Billion in the year 2024.
- Round Magnet Wire is the Fastest growing segment in China Automotive Magnet Wire Market to 2032 with a Growth rate of 7.38 % in forecast period 2025-2032.
China Automotive Magnet Wire Market Company Share Analysis
| Company Name |
|
||
| LS Cable & System Ltd. | |||
| Superior Essex Inc. | |||
| Sumitomo Electric Industries, Ltd. | |||
| Fujikura Ltd. | |||
| TONGLING JINGDA SPECIAL ELECTROMAGNETIC WIRE CO., LTD. | |||
China Automotive Magnet Wire Market Geographical Sales Distribution, 2018-2032 USD Billion
China Automotive Magnet Wire Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The China Automotive Magnet Wire Market is segmented based on Segmentation End User,Distribution Channel,Application,Product Type,Material,Type,Shape.
China Automotive Magnet Wire Market was valued at USD 1,694.09(Revenue in USD Billion) in 2022.
China Automotive Magnet Wire Market is projected to grow at a CAGR of 6.94% during the forecast period of 2024 to 2032.
The Electric Vehicle segment is expected to dominate the China Automotive Magnet Wire Market, holding a largest market share of 1,507.01 USD Billion in 2024
China Automotive Magnet Wire Market Scope
China Automotive Magnet Wire Market Segmentation & Scope
End User
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Passenger Car
- Electric Vehicle
Distribution Channel
- Supermarkets/Hypermarkets
- E-Commerce
- Speciality Stores
- Others
- B2B
Application
- Others
- Windows, Door Lock and Seating
- Stability Control
- Alternators
- Braking
- Starter Motor
- Motor
Product Type
- Covered Conductor Wire
- Enamelled Wire
Material
- Polyether Ether Ketone (PEEK)
- Polyetherimide (PEI)
- PolyimideS (PI)
- Others
- Polyamide-imide (PAI)
Type
- Aluminium Wire
- Copper Wire
Shape
- Square Magnet Wire
- Rectangle Magnet Wire
- Round Magnet Wire
Frequently Asked Questions
The China Automotive Magnet Wire Market is segmented based on Segmentation End User,Distribution Channel,Application,Product Type,Material,Type,Shape.
China Automotive Magnet Wire Market was valued at USD 1,694.09(Revenue in USD Billion) in 2022.
China Automotive Magnet Wire Market is projected to grow at a CAGR of 6.94% during the forecast period of 2024 to 2032.
The estimated market value of the China Automotive Magnet Wire Market for final year is USD 2,578.77 (USD Billion).
China Automotive Magnet Wire Market Company Profiling
Frequently Asked Questions
The China Automotive Magnet Wire Market is segmented based on Segmentation End User,Distribution Channel,Application,Product Type,Material,Type,Shape.
China Automotive Magnet Wire Market was valued at USD 1,694.09(Revenue in USD Billion) in 2022.
China Automotive Magnet Wire Market is projected to grow at a CAGR of 6.94% during the forecast period of 2024 to 2032.
The estimated market value of the China Automotive Magnet Wire Market for final year is USD 2,578.77 (USD Billion).
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.