Middle East & Africa Automotive Magnet Wire Market to 2032
Overview
The Middle East & Africa Automotive Magnet Wire Market is expected to reach a 160.93 USD Billion by 2032 and is projected to grow at a CAGR of 3.40% from 2025 to 2032.
Revenue, 2024 (USD Billion)
130.30
Forecast, 2032 (USD Billion)
160.93
CAGR, 2024 - 2032
3.40%
Report Coverage
Middle East & Africa
Middle East & Africa Automotive Magnet Wire Market 2018-2032 USD Billion
Middle East & Africa Automotive Magnet Wire Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 130.30 USD Billion
- Projected Market Size (2032): 160.93 USD Billion
- CAGR (2025-2032): 3.40%
Key Findings of Middle East & Africa Automotive Magnet Wire Market
- The Middle East & Africa Automotive Magnet Wire Market was valued at 130.30 USD Billion in 2024.
- The Middle East & Africa Automotive Magnet Wire Market is likely to grow at a CAGR of 3.40% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Round Magnet Wire in Shape Segment accounted for the largest share of the market with a revenue of 114.39 USD Billion
- The fastest growing segment Enamelled Wire in Product Type Segment grew Fastest with a CAGR of 4.18% during the forecast period from 2024 to 2032.
Middle East & Africa Automotive Magnet Wire Market Scope
Middle East & Africa Automotive Magnet Wire Market Segmentation & Scope
End User
- Electric Vehicle
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Passenger Car
Material
- Polyether Ether Ketone (PEEK)
- Polyetherimide (PEI)
- PolyimideS (PI)
- Others
- Polyamide-imide (PAI)
Shape
- Square Magnet Wire
- Rectangle Magnet Wire
- Round Magnet Wire
Application
- Others
- Windows, Door Lock and Seating
- Stability Control
- Alternators
- Braking
- Starter Motor
- Motor
Distribution Channel
- Supermarkets/Hypermarkets
- E-Commerce
- Speciality Stores
- Others
- B2B
Type
- Aluminium Wire
- Copper Wire
Product Type
- Covered Conductor Wire
- Enamelled Wire
Middle East & Africa Automotive Magnet Wire Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 130.30 USD Billion |
| Market Value in 2032 | 160.93 USD Billion |
| CAGR (2025-2032) | 3.40% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End User,Material,Shape,Application,Distribution Channel,Type,Product Type |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 130.30 USD Billion in 2024
- Key Country: RoMEA, leading in terms of revenue with value of 42.96 USD Billion in 2024.
Segments and Scope
-
Middle East & Africa Automotive Magnet Wire Market to 2032, By End User
- Passenger Car is the largest segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a revenue of 102.91 USD Billion in the year 2024.
- Passenger Car is the Fastest growing segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a Growth rate of 3.80 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Magnet Wire Market to 2032, By Material
- Polyamide-imide (PAI) is the largest segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a revenue of 64.79 USD Billion in the year 2024.
- Polyamide-imide (PAI) is the Fastest growing segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a Growth rate of 3.92 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Magnet Wire Market to 2032, By Shape
- Round Magnet Wire is the largest segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a revenue of 114.39 USD Billion in the year 2024.
- Round Magnet Wire is the Fastest growing segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a Growth rate of 3.69 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Magnet Wire Market to 2032, By Application
- Motor is the largest segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a revenue of 51.70 USD Billion in the year 2024.
- Motor is the Fastest growing segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a Growth rate of 3.97 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Magnet Wire Market to 2032, By Distribution Channel
- B2B is the largest segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a revenue of 101.88 USD Billion in the year 2024.
- B2B is the Fastest growing segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a Growth rate of 3.60 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Magnet Wire Market to 2032, By Type
- Copper Wire is the largest segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a revenue of 106.31 USD Billion in the year 2024.
- Copper Wire is the Fastest growing segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a Growth rate of 3.84 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Magnet Wire Market to 2032, By Product Type
- Enamelled Wire is the largest segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a revenue of 88.32 USD Billion in the year 2024.
- Enamelled Wire is the Fastest growing segment in Middle East & Africa Automotive Magnet Wire Market to 2032 with a Growth rate of 4.18 % in forecast period 2025-2032.
Middle East & Africa 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. | |||
Middle East & Africa Automotive Magnet Wire Market Geographical Sales Distribution, 2018-2032 USD Billion
Middle East & Africa Automotive Magnet Wire Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Automotive Magnet Wire Market is segmented based on Segmentation End User,Material,Shape,Application,Distribution Channel,Type,Product Type.
Middle East & Africa Automotive Magnet Wire Market was valued at USD 130.30(Revenue in USD Billion) in 2022.
Middle East & Africa Automotive Magnet Wire Market is projected to grow at a CAGR of 3.40% during the forecast period of 2024 to 2032.
The Round Magnet Wire segment is expected to dominate the Middle East & Africa Automotive Magnet Wire Market, holding a largest market share of 114.39 USD Billion in 2024
Middle East & Africa Automotive Magnet Wire Market Scope
Middle East & Africa Automotive Magnet Wire Market Segmentation & Scope
End User
- Electric Vehicle
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Passenger Car
Material
- Polyether Ether Ketone (PEEK)
- Polyetherimide (PEI)
- PolyimideS (PI)
- Others
- Polyamide-imide (PAI)
Shape
- Square Magnet Wire
- Rectangle Magnet Wire
- Round Magnet Wire
Application
- Others
- Windows, Door Lock and Seating
- Stability Control
- Alternators
- Braking
- Starter Motor
- Motor
Distribution Channel
- Supermarkets/Hypermarkets
- E-Commerce
- Speciality Stores
- Others
- B2B
Type
- Aluminium Wire
- Copper Wire
Product Type
- Covered Conductor Wire
- Enamelled Wire
Frequently Asked Questions
The Middle East & Africa Automotive Magnet Wire Market is segmented based on Segmentation End User,Material,Shape,Application,Distribution Channel,Type,Product Type.
Middle East & Africa Automotive Magnet Wire Market was valued at USD 130.30(Revenue in USD Billion) in 2022.
Middle East & Africa Automotive Magnet Wire Market is projected to grow at a CAGR of 3.40% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Automotive Magnet Wire Market for final year is USD 160.93 (USD Billion).
Middle East & Africa Automotive Magnet Wire Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Automotive Magnet Wire Market is segmented based on Segmentation End User,Material,Shape,Application,Distribution Channel,Type,Product Type.
Middle East & Africa Automotive Magnet Wire Market was valued at USD 130.30(Revenue in USD Billion) in 2022.
Middle East & Africa Automotive Magnet Wire Market is projected to grow at a CAGR of 3.40% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Automotive Magnet Wire Market for final year is USD 160.93 (USD Billion).
CHOOSE LICENCE TYPE
- 4200.00
- 3500.00
- 2000.00
- 5500.00
- 8500.00
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.