U.S. Automotive Wire Magnet Market to 2032
Overview
The U.S. Automotive Wire Magnet Market is expected to reach a 894.70 USD Million by 2032 and is projected to grow at a CAGR of 4.88% from 2025 to 2032.
Revenue, 2024 (USD Million)
640.88
Forecast, 2032 (USD Million)
894.70
CAGR, 2024 - 2032
4.88%
Report Coverage
U.S.
U.S. Automotive Wire Magnet Market 2018-2032 USD Million
U.S. Automotive Wire Magnet Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 640.88 USD Million
- Projected Market Size (2032): 894.70 USD Million
- CAGR (2025-2032): 4.88%
Key Findings of U.S. Automotive Wire Magnet Market
- The U.S. Automotive Wire Magnet Market was valued at 640.88 USD Million in 2024.
- The U.S. Automotive Wire Magnet Market is likely to grow at a CAGR of 4.88% 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 478.49 USD Million
- The fastest growing segment Motor Industry in End User Segment grew Fastest with a CAGR of 6.62% during the forecast period from 2024 to 2032.
U.S. Automotive Wire Magnet Market Scope
U.S. Automotive Wire Magnet Market Segmentation & Scope
End User
- Others
- Data
- Signalling And Supply
- Transformer
- Home Appliances
- Energy
- Vehicles
- Lightining Industry
- Passenger
- Actuators Industry
- Sensor Industry
- Motor Industry
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
Integration Framework Type
- Semi-Hard Magnet
- Hard Magnet
- Soft Magnet
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)
Distribution Channel
- Indirect Sales
- Direct Sales
Type
- Aluminium Wire
- Copper Wire
Shape
- Square Magnet Wire
- Rectangle Magnet Wire
- Round Bondable Magnet Wire
- Round Magnet Wire
Product Type
- Covered Conductor Wire
- Enamelled Wire
U.S. Automotive Wire Magnet Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2023 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 640.88 USD Million |
| Market Value in 2032 | 894.70 USD Million |
| CAGR (2025-2032) | 4.88% |
| Historic Data | 2016-2023 |
| Market Segments Covered | End User,Application,Integration Framework Type,Technology Focus Type,Insulation Type,Distribution Channel,Type,Shape,Product Type |
Regional Insights:
-
Leading Market (2024-2032): U.S., leading in terms of revenue 640.88 USD Million in 2024
- Key Country: U.S., leading in terms of revenue with value of 640.88 USD Million in 2024.
Segments and Scope
-
U.S. Automotive Wire Magnet Market to 2032, By End User
- Motor Industry is the largest segment in U.S. Automotive Wire Magnet Market to 2032 with a revenue of 113.20 USD Million in the year 2024.
- Motor Industry is the Fastest growing segment in U.S. Automotive Wire Magnet Market to 2032 with a Growth rate of 6.62 % in forecast period 2025-2032.
-
U.S. Automotive Wire Magnet Market to 2032, By Application
- Motors is the largest segment in U.S. Automotive Wire Magnet Market to 2032 with a revenue of 91.00 USD Million in the year 2024.
- Motors is the Fastest growing segment in U.S. Automotive Wire Magnet Market to 2032 with a Growth rate of 6.07 % in forecast period 2025-2032.
-
U.S. Automotive Wire Magnet Market to 2032, By Integration Framework Type
- Soft Magnet is the largest segment in U.S. Automotive Wire Magnet Market to 2032 with a revenue of 364.20 USD Million in the year 2024.
- Soft Magnet is the Fastest growing segment in U.S. Automotive Wire Magnet Market to 2032 with a Growth rate of 5.02 % in forecast period 2025-2032.
-
U.S. Automotive Wire Magnet Market to 2032, By Technology Focus Type
- Neodymium Technology is the largest segment in U.S. Automotive Wire Magnet Market to 2032 with a revenue of 275.22 USD Million in the year 2024.
- Neodymium Technology is the Fastest growing segment in U.S. Automotive Wire Magnet Market to 2032 with a Growth rate of 5.38 % in forecast period 2025-2032.
-
U.S. Automotive Wire Magnet Market to 2032, By Insulation Type
- Polyamide-imide (PAI) is the largest segment in U.S. Automotive Wire Magnet Market to 2032 with a revenue of 267.87 USD Million in the year 2024.
- Polyamide-imide (PAI) is the Fastest growing segment in U.S. Automotive Wire Magnet Market to 2032 with a Growth rate of 5.88 % in forecast period 2025-2032.
-
U.S. Automotive Wire Magnet Market to 2032, By Distribution Channel
- Direct Sales is the largest segment in U.S. Automotive Wire Magnet Market to 2032 with a revenue of 410.77 USD Million in the year 2024.
- Indirect Sales is the Fastest growing segment in U.S. Automotive Wire Magnet Market to 2032 with a Growth rate of 4.81 % in forecast period 2025-2032.
-
U.S. Automotive Wire Magnet Market to 2032, By Type
- Copper Wire is the largest segment in U.S. Automotive Wire Magnet Market to 2032 with a revenue of 478.49 USD Million in the year 2024.
- Copper Wire is the Fastest growing segment in U.S. Automotive Wire Magnet Market to 2032 with a Growth rate of 4.96 % in forecast period 2025-2032.
-
U.S. Automotive Wire Magnet Market to 2032, By Shape
- Round Magnet Wire is the largest segment in U.S. Automotive Wire Magnet Market to 2032 with a revenue of 411.69 USD Million in the year 2024.
- Round Magnet Wire is the Fastest growing segment in U.S. Automotive Wire Magnet Market to 2032 with a Growth rate of 5.09 % in forecast period 2025-2032.
-
U.S. Automotive Wire Magnet Market to 2032, By Product Type
- Enamelled Wire is the largest segment in U.S. Automotive Wire Magnet Market to 2032 with a revenue of 423.28 USD Million in the year 2024.
- Enamelled Wire is the Fastest growing segment in U.S. Automotive Wire Magnet Market to 2032 with a Growth rate of 5.12 % in forecast period 2025-2032.
U.S. 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. | |||
U.S. Automotive Wire Magnet Market Geographical Sales Distribution, 2018-2032 USD Million
U.S. Automotive Wire Magnet Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The U.S. Automotive Wire Magnet Market is segmented based on Segmentation End User,Application,Integration Framework Type,Technology Focus Type,Insulation Type,Distribution Channel,Type,Shape,Product Type.
U.S. Automotive Wire Magnet Market was valued at USD 640.88(Revenue in USD Million) in 2023.
U.S. Automotive Wire Magnet Market is projected to grow at a CAGR of 4.88% during the forecast period of 2024 to 2032.
The Copper Wire segment is expected to dominate the U.S. Automotive Wire Magnet Market, holding a largest market share of 478.49 USD Million in 2024
Coming Soon....
U.S. Automotive Wire Magnet Market Scope
U.S. Automotive Wire Magnet Market Segmentation & Scope
End User
- Others
- Data
- Signalling And Supply
- Transformer
- Home Appliances
- Energy
- Vehicles
- Lightining Industry
- Passenger
- Actuators Industry
- Sensor Industry
- Motor Industry
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
Integration Framework Type
- Semi-Hard Magnet
- Hard Magnet
- Soft Magnet
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)
Distribution Channel
- Indirect Sales
- Direct Sales
Type
- Aluminium Wire
- Copper Wire
Shape
- Square Magnet Wire
- Rectangle Magnet Wire
- Round Bondable Magnet Wire
- Round Magnet Wire
Product Type
- Covered Conductor Wire
- Enamelled Wire
Frequently Asked Questions
The U.S. Automotive Wire Magnet Market is segmented based on Segmentation End User,Application,Integration Framework Type,Technology Focus Type,Insulation Type,Distribution Channel,Type,Shape,Product Type.
U.S. Automotive Wire Magnet Market was valued at USD 640.88(Revenue in USD Million) in 2023.
U.S. Automotive Wire Magnet Market is projected to grow at a CAGR of 4.88% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Automotive Wire Magnet Market for final year is USD 894.70 (USD Million).
U.S. Automotive Wire Magnet Market Company Profiling
Frequently Asked Questions
The U.S. Automotive Wire Magnet Market is segmented based on Segmentation End User,Application,Integration Framework Type,Technology Focus Type,Insulation Type,Distribution Channel,Type,Shape,Product Type.
U.S. Automotive Wire Magnet Market was valued at USD 640.88(Revenue in USD Million) in 2023.
U.S. Automotive Wire Magnet Market is projected to grow at a CAGR of 4.88% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Automotive Wire Magnet Market for final year is USD 894.70 (USD Million).
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