Middle East & Africa Automotive Wire Magnet Market to 2032
Overview
The Middle East & Africa Automotive Wire Magnet Market is expected to reach a 164.48 USD Million by 2032 and is projected to grow at a CAGR of 3.38% from 2025 to 2032.
Revenue, 2024 (USD Million)
130.35
Forecast, 2032 (USD Million)
164.48
CAGR, 2024 - 2032
3.38%
Report Coverage
Middle East & Africa
Middle East & Africa Automotive Wire Magnet Market 2018-2032 USD Million
Middle East & Africa Automotive Wire Magnet Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 130.35 USD Million
- Projected Market Size (2032): 164.48 USD Million
- CAGR (2025-2032): 3.38%
Key Findings of Middle East & Africa Automotive Wire Magnet Market
- The Middle East & Africa Automotive Wire Magnet Market was valued at 130.35 USD Million in 2024.
- The Middle East & Africa Automotive Wire Magnet Market is likely to grow at a CAGR of 3.38% 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 96.95 USD Million
- The fastest growing segment Motor Industry in End User Segment grew Fastest with a CAGR of 5.29% during the forecast period from 2024 to 2032.
Middle East & Africa Automotive Wire Magnet Market Scope
Middle East & Africa Automotive Wire Magnet Market Segmentation & Scope
Type
- Aluminium Wire
- Copper Wire
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
Product Type
- Covered Conductor Wire
- Enamelled Wire
Integration Framework Type
- Semi-Hard Magnet
- Hard Magnet
- Soft Magnet
Distribution Channel
- Indirect Sales
- Direct Sales
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
End User
- Others
- Data
- Signalling And Supply
- Transformer
- Home Appliances
- Energy
- Vehicles
- Passenger
- Lightining Industry
- Actuators Industry
- Sensor Industry
- Motor Industry
Middle East & Africa Automotive Wire Magnet Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 130.35 USD Million |
| Market Value in 2032 | 164.48 USD Million |
| CAGR (2025-2032) | 3.38% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Type,Technology Focus Type,Insulation Type,Shape,Product Type,Integration Framework Type,Distribution Channel,Application,End User |
Regional Insights:
-
Leading Market (2024-2032): Middle East & Africa, leading in terms of revenue 130.35 USD Million in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 28.88 USD Million in 2024.
Segments and Scope
-
Middle East & Africa Automotive Wire Magnet Market to 2032, By Type
- Copper Wire is the largest segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a revenue of 96.95 USD Million in the year 2024.
- Copper Wire is the Fastest growing segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a Growth rate of 3.49 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Wire Magnet Market to 2032, By Technology Focus Type
- Neodymium Technology is the largest segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a revenue of 55.24 USD Million in the year 2024.
- Neodymium Technology is the Fastest growing segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a Growth rate of 3.74 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Wire Magnet Market to 2032, By Insulation Type
- Polyamide-imide (PAI) is the largest segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a revenue of 54.35 USD Million in the year 2024.
- Polyamide-imide (PAI) is the Fastest growing segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a Growth rate of 4.59 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Wire Magnet Market to 2032, By Shape
- Round Magnet Wire is the largest segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a revenue of 83.69 USD Million in the year 2024.
- Round Magnet Wire is the Fastest growing segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a Growth rate of 3.63 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Wire Magnet Market to 2032, By Product Type
- Enamelled Wire is the largest segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a revenue of 85.69 USD Million in the year 2024.
- Enamelled Wire is the Fastest growing segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a Growth rate of 3.66 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Wire Magnet Market to 2032, By Integration Framework Type
- Soft Magnet is the largest segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a revenue of 73.98 USD Million in the year 2024.
- Soft Magnet is the Fastest growing segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a Growth rate of 3.52 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Wire Magnet Market to 2032, By Distribution Channel
- Direct Sales is the largest segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a revenue of 83.77 USD Million in the year 2024.
- Indirect Sales is the Fastest growing segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a Growth rate of 3.17 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Wire Magnet Market to 2032, By Application
- Motors is the largest segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a revenue of 18.64 USD Million in the year 2024.
- Motors is the Fastest growing segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a Growth rate of 4.54 % in forecast period 2025-2032.
-
Middle East & Africa Automotive Wire Magnet Market to 2032, By End User
- Motor Industry is the largest segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a revenue of 22.45 USD Million in the year 2024.
- Motor Industry is the Fastest growing segment in Middle East & Africa Automotive Wire Magnet Market to 2032 with a Growth rate of 5.29 % in forecast period 2025-2032.
Middle East & Africa 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. | |||
Middle East & Africa Automotive Wire Magnet Market Geographical Sales Distribution, 2018-2032 USD Million
Middle East & Africa Automotive Wire Magnet Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Middle East & Africa Automotive Wire Magnet Market is segmented based on Segmentation Type,Technology Focus Type,Insulation Type,Shape,Product Type,Integration Framework Type,Distribution Channel,Application,End User.
Middle East & Africa Automotive Wire Magnet Market was valued at USD 130.35(Revenue in USD Million) in 2023.
Middle East & Africa Automotive Wire Magnet Market is projected to grow at a CAGR of 3.38% during the forecast period of 2024 to 2032.
The Copper Wire segment is expected to dominate the Middle East & Africa Automotive Wire Magnet Market, holding a largest market share of 96.95 USD Million in 2024
Coming Soon....
Middle East & Africa Automotive Wire Magnet Market Scope
Middle East & Africa Automotive Wire Magnet Market Segmentation & Scope
Type
- Aluminium Wire
- Copper Wire
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
Product Type
- Covered Conductor Wire
- Enamelled Wire
Integration Framework Type
- Semi-Hard Magnet
- Hard Magnet
- Soft Magnet
Distribution Channel
- Indirect Sales
- Direct Sales
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
End User
- Others
- Data
- Signalling And Supply
- Transformer
- Home Appliances
- Energy
- Vehicles
- Passenger
- Lightining Industry
- Actuators Industry
- Sensor Industry
- Motor Industry
Frequently Asked Questions
The Middle East & Africa Automotive Wire Magnet Market is segmented based on Segmentation Type,Technology Focus Type,Insulation Type,Shape,Product Type,Integration Framework Type,Distribution Channel,Application,End User.
Middle East & Africa Automotive Wire Magnet Market was valued at USD 130.35(Revenue in USD Million) in 2023.
Middle East & Africa Automotive Wire Magnet Market is projected to grow at a CAGR of 3.38% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Automotive Wire Magnet Market for final year is USD 164.48 (USD Million).
Middle East & Africa Automotive Wire Magnet Market Company Profiling
Frequently Asked Questions
The Middle East & Africa Automotive Wire Magnet Market is segmented based on Segmentation Type,Technology Focus Type,Insulation Type,Shape,Product Type,Integration Framework Type,Distribution Channel,Application,End User.
Middle East & Africa Automotive Wire Magnet Market was valued at USD 130.35(Revenue in USD Million) in 2023.
Middle East & Africa Automotive Wire Magnet Market is projected to grow at a CAGR of 3.38% during the forecast period of 2024 to 2032.
The estimated market value of the Middle East & Africa Automotive Wire Magnet Market for final year is USD 164.48 (USD Million).
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