North America Automotive Magnet Wire Market to 2032
Overview
The North America Automotive Magnet Wire Market is expected to reach a 1,569.90 USD Billion by 2032 and is projected to grow at a CAGR of 5.57% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1,117.13
Forecast, 2032 (USD Billion)
1,569.90
CAGR, 2024 - 2032
5.57%
Report Coverage
North America
North America Automotive Magnet Wire Market 2018-2032 USD Billion
North America Automotive Magnet Wire Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1,117.13 USD Billion
- Projected Market Size (2032): 1,569.90 USD Billion
- CAGR (2025-2032): 5.57%
Key Findings of North America Automotive Magnet Wire Market
- The North America Automotive Magnet Wire Market was valued at 1,117.13 USD Billion in 2024.
- The North America Automotive Magnet Wire Market is likely to grow at a CAGR of 5.57% 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 949.49 USD Billion
- The fastest growing segment Light Commercial Vehicle in End User Segment grew Fastest with a CAGR of 6.57% during the forecast period from 2024 to 2032.
North America Automotive Magnet Wire Market Scope
North America Automotive Magnet Wire Market Segmentation & Scope
End User
- Electric Vehicle
- Heavy Commercial Vehicle
- Passenger Car
- Light Commercial Vehicle
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
Material
- Polyether Ether Ketone (PEEK)
- Polyetherimide (PEI)
- PolyimideS (PI)
- Others
- Polyamide-imide (PAI)
Shape
- Square Magnet Wire
- Rectangle Magnet Wire
- Round Magnet Wire
North America Automotive Magnet Wire Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1,117.13 USD Billion |
| Market Value in 2032 | 1,569.90 USD Billion |
| CAGR (2025-2032) | 5.57% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End User,Application,Distribution Channel,Type,Product Type,Material,Shape |
Regional Insights:
-
Leading Market (2024-2032): North America, leading in terms of revenue 1,117.13 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 948.59 USD Billion in 2024.
Segments and Scope
-
North America Automotive Magnet Wire Market to 2032, By End User
- Light Commercial Vehicle is the largest segment in North America Automotive Magnet Wire Market to 2032 with a revenue of 716.76 USD Billion in the year 2024.
- Light Commercial Vehicle is the Fastest growing segment in North America Automotive Magnet Wire Market to 2032 with a Growth rate of 6.57 % in forecast period 2025-2032.
-
North America Automotive Magnet Wire Market to 2032, By Application
- Motor is the largest segment in North America Automotive Magnet Wire Market to 2032 with a revenue of 348.61 USD Billion in the year 2024.
- Motor is the Fastest growing segment in North America Automotive Magnet Wire Market to 2032 with a Growth rate of 6.43 % in forecast period 2025-2032.
-
North America Automotive Magnet Wire Market to 2032, By Distribution Channel
- B2B is the largest segment in North America Automotive Magnet Wire Market to 2032 with a revenue of 831.98 USD Billion in the year 2024.
- B2B is the Fastest growing segment in North America Automotive Magnet Wire Market to 2032 with a Growth rate of 5.87 % in forecast period 2025-2032.
-
North America Automotive Magnet Wire Market to 2032, By Type
- Copper Wire is the largest segment in North America Automotive Magnet Wire Market to 2032 with a revenue of 891.49 USD Billion in the year 2024.
- Copper Wire is the Fastest growing segment in North America Automotive Magnet Wire Market to 2032 with a Growth rate of 5.89 % in forecast period 2025-2032.
-
North America Automotive Magnet Wire Market to 2032, By Product Type
- Enamelled Wire is the largest segment in North America Automotive Magnet Wire Market to 2032 with a revenue of 739.97 USD Billion in the year 2024.
- Enamelled Wire is the Fastest growing segment in North America Automotive Magnet Wire Market to 2032 with a Growth rate of 6.26 % in forecast period 2025-2032.
-
North America Automotive Magnet Wire Market to 2032, By Material
- Polyamide-imide (PAI) is the largest segment in North America Automotive Magnet Wire Market to 2032 with a revenue of 492.26 USD Billion in the year 2024.
- Polyamide-imide (PAI) is the Fastest growing segment in North America Automotive Magnet Wire Market to 2032 with a Growth rate of 6.30 % in forecast period 2025-2032.
-
North America Automotive Magnet Wire Market to 2032, By Shape
- Round Magnet Wire is the largest segment in North America Automotive Magnet Wire Market to 2032 with a revenue of 949.49 USD Billion in the year 2024.
- Round Magnet Wire is the Fastest growing segment in North America Automotive Magnet Wire Market to 2032 with a Growth rate of 5.98 % in forecast period 2025-2032.
North America 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. | |||
North America Automotive Magnet Wire Market Geographical Sales Distribution, 2018-2032 USD Billion
North America Automotive Magnet Wire Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The North America Automotive Magnet Wire Market is segmented based on Segmentation End User,Application,Distribution Channel,Type,Product Type,Material,Shape.
North America Automotive Magnet Wire Market was valued at USD 1,117.13(Revenue in USD Billion) in 2022.
North America Automotive Magnet Wire Market is projected to grow at a CAGR of 5.57% during the forecast period of 2024 to 2032.
The Round Magnet Wire segment is expected to dominate the North America Automotive Magnet Wire Market, holding a largest market share of 949.49 USD Billion in 2024
North America Automotive Magnet Wire Market Scope
North America Automotive Magnet Wire Market Segmentation & Scope
End User
- Electric Vehicle
- Heavy Commercial Vehicle
- Passenger Car
- Light Commercial Vehicle
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
Material
- Polyether Ether Ketone (PEEK)
- Polyetherimide (PEI)
- PolyimideS (PI)
- Others
- Polyamide-imide (PAI)
Shape
- Square Magnet Wire
- Rectangle Magnet Wire
- Round Magnet Wire
Frequently Asked Questions
The North America Automotive Magnet Wire Market is segmented based on Segmentation End User,Application,Distribution Channel,Type,Product Type,Material,Shape.
North America Automotive Magnet Wire Market was valued at USD 1,117.13(Revenue in USD Billion) in 2022.
North America Automotive Magnet Wire Market is projected to grow at a CAGR of 5.57% during the forecast period of 2024 to 2032.
The estimated market value of the North America Automotive Magnet Wire Market for final year is USD 1,569.90 (USD Billion).
North America Automotive Magnet Wire Market Company Profiling
Frequently Asked Questions
The North America Automotive Magnet Wire Market is segmented based on Segmentation End User,Application,Distribution Channel,Type,Product Type,Material,Shape.
North America Automotive Magnet Wire Market was valued at USD 1,117.13(Revenue in USD Billion) in 2022.
North America Automotive Magnet Wire Market is projected to grow at a CAGR of 5.57% during the forecast period of 2024 to 2032.
The estimated market value of the North America Automotive Magnet Wire Market for final year is USD 1,569.90 (USD Billion).
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