South Korea Magnet Wire Market to 2032
Overview
The South Korea Magnet Wire Market is expected to reach a 2,188.94 USD Billion by 2032 and is projected to grow at a CAGR of 12.78% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1,158.46
Forecast, 2032 (USD Billion)
2,188.94
CAGR, 2024 - 2032
12.78%
Report Coverage
South Korea
South Korea Magnet Wire Market 2018-2032 USD Billion
South Korea Magnet Wire Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1,158.46 USD Billion
- Projected Market Size (2032): 2,188.94 USD Billion
- CAGR (2025-2032): 12.78%
Key Findings of South Korea Magnet Wire Market
- The South Korea Magnet Wire Market was valued at 1,158.46 USD Billion in 2024.
- The South Korea Magnet Wire Market is likely to grow at a CAGR of 12.78% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Enamelled Wire in Product Type Segment accounted for the largest share of the market with a revenue of 894.28 USD Billion
- The fastest growing segment Electrical and Electronics in End-User Segment grew Fastest with a CAGR of 13.99% during the forecast period from 2024 to 2032.
South Korea Magnet Wire Market Scope
South Korea Magnet Wire Market Segmentation & Scope
End-User
- Others
- Residential
- Infrastructure
- Energy
- Industrial
- Transportation & Automotive
- Electrical and Electronics
Application
- Others
- Home Appliance
- Transformer
- Motor
Distribution Channel
- Others
- E-Commerce
- Supermarks/Hypermarkets
- Specialty Stores
- B2b/Third Party Distributors
Shape
- Square Magnet Wire
- Round Bondable Magnet Wire
- Rectangle Magnet Wire
- Round Magnet Wire
Type
- Others
- Aluminium Wire
- Copper Wire
Product Type
- Covered Conductor Wire
- Enamelled Wire
Material
- Others
- Polyamide-Imide (PAI)
- Polyimides (PI)
- Polyetherimide (PEI)
- Polyether Ether Ketone (PEEK)
South Korea Magnet Wire Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1,158.46 USD Billion |
| Market Value in 2032 | 2,188.94 USD Billion |
| CAGR (2025-2032) | 12.78% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End-User,Application,Distribution Channel,Shape,Type,Product Type,Material |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 1,158.46 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 1,158.46 USD Billion in 2024.
Segments and Scope
-
South Korea Magnet Wire Market to 2032, By End-User
- Electrical and Electronics is the largest segment in South Korea Magnet Wire Market to 2032 with a revenue of 335.01 USD Billion in the year 2024.
- Electrical and Electronics is the Fastest growing segment in South Korea Magnet Wire Market to 2032 with a Growth rate of 13.99 % in forecast period 2025-2032.
-
South Korea Magnet Wire Market to 2032, By Application
- Motor is the largest segment in South Korea Magnet Wire Market to 2032 with a revenue of 558.11 USD Billion in the year 2024.
- Motor is the Fastest growing segment in South Korea Magnet Wire Market to 2032 with a Growth rate of 13.36 % in forecast period 2025-2032.
-
South Korea Magnet Wire Market to 2032, By Distribution Channel
- B2b/Third Party Distributors is the largest segment in South Korea Magnet Wire Market to 2032 with a revenue of 578.54 USD Billion in the year 2024.
- B2b/Third Party Distributors is the Fastest growing segment in South Korea Magnet Wire Market to 2032 with a Growth rate of 13.51 % in forecast period 2025-2032.
-
South Korea Magnet Wire Market to 2032, By Shape
- Round Magnet Wire is the largest segment in South Korea Magnet Wire Market to 2032 with a revenue of 424.20 USD Billion in the year 2024.
- Round Magnet Wire is the Fastest growing segment in South Korea Magnet Wire Market to 2032 with a Growth rate of 13.36 % in forecast period 2025-2032.
-
South Korea Magnet Wire Market to 2032, By Type
- Copper Wire is the largest segment in South Korea Magnet Wire Market to 2032 with a revenue of 709.93 USD Billion in the year 2024.
- Copper Wire is the Fastest growing segment in South Korea Magnet Wire Market to 2032 with a Growth rate of 13.05 % in forecast period 2025-2032.
-
South Korea Magnet Wire Market to 2032, By Product Type
- Enamelled Wire is the largest segment in South Korea Magnet Wire Market to 2032 with a revenue of 894.28 USD Billion in the year 2024.
- Enamelled Wire is the Fastest growing segment in South Korea Magnet Wire Market to 2032 with a Growth rate of 12.94 % in forecast period 2025-2032.
-
South Korea Magnet Wire Market to 2032, By Material
- Polyether Ether Ketone (PEEK) is the largest segment in South Korea Magnet Wire Market to 2032 with a revenue of 398.46 USD Billion in the year 2024.
- Polyether Ether Ketone (PEEK) is the Fastest growing segment in South Korea Magnet Wire Market to 2032 with a Growth rate of 13.53 % in forecast period 2025-2032.
South Korea Magnet Wire Market Company Share Analysis
| Company Name |
|
||
| LS CABLE & SYSTEM LTD. | |||
| REA | |||
| Furukawa Minda Electric Pvt. Ltd. | |||
| ELEKTRISOLA | |||
| Sumitomo Electric Industries, Ltd. | |||
South Korea Magnet Wire Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Magnet Wire Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Magnet Wire Market is segmented based on Segmentation End-User,Application,Distribution Channel,Shape,Type,Product Type,Material.
South Korea Magnet Wire Market was valued at USD 1,158.46(Revenue in USD Billion) in 2020.
South Korea Magnet Wire Market is projected to grow at a CAGR of 12.78% during the forecast period of 2024 to 2032.
The Enamelled Wire segment is expected to dominate the South Korea Magnet Wire Market, holding a largest market share of 894.28 USD Billion in 2024
South Korea Magnet Wire Market Scope
South Korea Magnet Wire Market Segmentation & Scope
End-User
- Others
- Residential
- Infrastructure
- Energy
- Industrial
- Transportation & Automotive
- Electrical and Electronics
Application
- Others
- Home Appliance
- Transformer
- Motor
Distribution Channel
- Others
- E-Commerce
- Supermarks/Hypermarkets
- Specialty Stores
- B2b/Third Party Distributors
Shape
- Square Magnet Wire
- Round Bondable Magnet Wire
- Rectangle Magnet Wire
- Round Magnet Wire
Type
- Others
- Aluminium Wire
- Copper Wire
Product Type
- Covered Conductor Wire
- Enamelled Wire
Material
- Others
- Polyamide-Imide (PAI)
- Polyimides (PI)
- Polyetherimide (PEI)
- Polyether Ether Ketone (PEEK)
Frequently Asked Questions
The South Korea Magnet Wire Market is segmented based on Segmentation End-User,Application,Distribution Channel,Shape,Type,Product Type,Material.
South Korea Magnet Wire Market was valued at USD 1,158.46(Revenue in USD Billion) in 2020.
South Korea Magnet Wire Market is projected to grow at a CAGR of 12.78% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Magnet Wire Market for final year is USD 2,188.94 (USD Billion).
South Korea Magnet Wire Market Company Profiling
Frequently Asked Questions
The South Korea Magnet Wire Market is segmented based on Segmentation End-User,Application,Distribution Channel,Shape,Type,Product Type,Material.
South Korea Magnet Wire Market was valued at USD 1,158.46(Revenue in USD Billion) in 2020.
South Korea Magnet Wire Market is projected to grow at a CAGR of 12.78% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Magnet Wire Market for final year is USD 2,188.94 (USD Billion).
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