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Magnet Wire Market by Type (Copper, Aluminum), Shape (Round, Rectangle, Square), Application (Motor, Home Appliance, Transformer), End-Use Industry (Electrical & Electronics, Industrial, Transportation, Infrastructure), Region - Global Forecast to 2024

Magnet Wire Market by Type (Copper, Aluminum), Shape (Round, Rectangle, Square), Application (Motor, Home Appliance, Transformer), End-Use Industry (Electrical & Electronics, Industrial, Transportation, Infrastructure), Region - Global Forecast to 2024

The magnet wire market is projected to register a CAGR of 4.1%, in terms of value, between 2019 and 2024
The magnet wire market size is estimated at USD 30.1 billion in 2019 and is projected to reach USD 36.8 billion by 2024, at a CAGR of 4.1% between 2019 and 2024. Magnet wires are used in different industries such as electrical & electronics, industrial, transportation, infrastructure, and others. Continuous demand from the electrical & electronics and transportation industries plays a major role in the growing consumption of magnet wire.

Copper magnet wire is estimated to dominate the overall market
Copper magnet wire is more widely used in electrical motor, generator, reactor, and other applications. They have excellent heat shock resistance, excellent conductivity, high dielectric strength, and moisture resistance. Aluminum magnet wire is expected to grow at a higher rate during the forecasted period. Aluminum magnet wires are lightweight and inexpensive in nature. Hence, their demand is increasing in the transformer application.

Magnet wire market is expected to witness the highest growth in electrical & electronics between 2019 and 2024
The electrical & electronics industry is projected to be the fastest-growing end-use industry of magnet wire during the forecast period, in terms of both value and volume. Magnet wire is widely used in consumer electronics and electrical products. The increasing usage of electronic products in APAC, Europe, and North America is bolstering the usage of magnet wire in the electrical & electronics industry.

The magnet market in APAC is projected to register the highest CAGR”
The magnet wire market in APAC is projected to register the highest CAGR during the forecast period. High demand from countries such as China, Japan, and India is driving the demand in the APAC region. There is increasing demand for magnet wire from transportation and electrical & electronics industries in the region. China is the largest consumer of magnet wires and is expected to maintain its position in the coming years.

Breakdown of profiles of primary interviews:

By Company: Tier 1 - 37%, Tier 2 - 42%, and Tier 3 - 21%
By Designation: C level - 30%, Director level - 25%, and Others - 45%
By Region: APAC - 40%, Europe - 27%, North America - 20%, Middle East & Africa - 7%, and Latin America - 6%

The magnet wire market comprises major manufacturers such as LS Cable & System (South Korea), Elektrisola (Germany), REA Magnet Wire (US), Sumitomo Electric Industries, Ltd. (Japan), Samdong Co., Ltd. (South Korea), LWW Group (Sweden), IRCE S.p.A. (Italy), Tongling Jingda Special Magnet Wire Co., Ltd. (China), Furukawa Electric Co., Ltd. (Japan), and Fujikura Ltd. (Japan). The study includes an in-depth competitive analysis of these key players in the market, with their company profiles, recent developments, and key market strategies.

Research Coverage
This study on the magnet wire market aims at estimating the market size and the growth potential of this market across different segments. Porter’s Five Forces analysis and the key market dynamics, such as drivers, restraints, challenges, and opportunities influencing the growth of the magnet wire market, have been discussed in the report. The report also provides company profiles and competitive benchmarking of major players operating in the market.

Key Benefits of Buying the Report:
The report will help the market players with information on the closest approximations of the revenue numbers of the overall magnet wire market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. It will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • CURRENCY
    • UNIT CONSIDERED
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table MAGNET WIRE MARKET SIZE, 2017–2024
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE MAGNET WIRE MARKET
    • MAGNET WIRE MARKET, BY END-USE INDUSTRY
    • MAGNET WIRE MARKET, BY TYPE
    • MAGNET WIRE MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • MAGNET WIRE MARKET, BY TYPE
    • INTRODUCTION
      • Table MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
    • COPPER
      • COPPER SEGMENT DOMINATES OVERALL MAGNET WIRE MARKET
        • Table COPPER MAGNET WIRE MARKET SIZE, BY REGIN, 2017–2024 (KILOTON)
        • Table COPPER MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024, (USD MILLION)
    • ALUMINUM
      • THE MARKET FOR ALUMINUM MAGNET WIRE IS DRIVEN BY DEMAND IN TRANSFORMER APPLICATION
        • Table ALUMINUM MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024 (KILOTON)
        • Table ALUMINUM MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024, (USD MILLION)
  • MAGNET WIRE MARKET, BY SHAPE
    • INTRODUCTION
      • Table MAGNET WIRE MARKET SIZE, BY SHAPE, 2017–2024 (KILOTON)
      • Table MAGNET WIRE MARKET SIZE, BY SHAPE, 2017–2024 (USD MILLION)
    • ROUND MAGNET WIRE
      • ROUND MAGNET WIRE IS THE MOST-WIDELY USED MAGNET WIRE
        • Table ROUND MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024 (KILOTON)
        • Table ROUND MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024, (USD MILLION)
    • RECTANGLE MAGNET WIRE
      • HIGH DEMAND IN TRANSFORMERS IS DRIVING THE MARKET FOR RECTANGULAR MAGNET WIRE
        • Table RECTANGLE MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024 (KILOTON)
        • Table RECTANGLE MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024, (USD MILLION)
    • SQUARE MAGNET WIRE
      • DEMAND FOR COMPACT COILS IS RESPONSIBLE FOR THE GROWTH OF SQUARE MAGNET WIRE
        • Table SQUARE MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024 (KILOTON)
        • Table SQUARE MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024, (USD MILLION)
  • MAGNET WIRE MARKET, BY APPLICATION
    • INTRODUCTION
      • Table MAGNET WIRE MARKET SIZE, BY APPLICATION, 2017–2024 (KILOTON)
      • Table MAGNET WIRE MARKET SIZE, BY APPLICATION, 2017–2024 (USD MILLION)
    • MOTOR
      • AUTOMOTIVE INDUSTRY IS DRIVING THE DEMAND FOR MAGNET WIRE IN MOTOR APPLICATION
        • Table MAGNET WIRE MARKET SIZE IN MOTOR, BY REGION, 2017–2024 (KILOTON)
        • Table MAGNET WIRE MARKET SIZE IN MOTOR, BY REGION, 2017–2024, (USD MILLION)
    • HOME APPLIANCE
      • APAC IS THE LARGEST MAGNET WIRE MARKET IN HOME APPLIANCE APPLICATION
        • Table MAGNET WIRE MARKET SIZE IN HOME APPLIANCE, BY REGION, 2017–2024 (KILOTON)
        • Table MAGNET WIRE MARKET SIZE IN HOME APPLIANCE, BY REGION, 2017–2024, (USD MILLION)
    • TRANSFORMER
      • GROWTH OF POWER SECTOR IS DRIVING THE CONSUMPTION OF MAGNET WIRE IN TRANSFORMERS
        • Table MAGNET WIRE MARKET SIZE IN TRANSFORMER, BY REGION, 2017–2024 (KILOTON)
        • Table MAGNET WIRE MARKET SIZE IN TRANSFORMER, BY REGION, 2017–2024, (USD MILLION)
    • OTHERS
      • Table MAGNET WIRE MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2024 (KILOTON)
      • Table MAGNET WIRE MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2017–2024, (USD MILLION)
  • MAGNET WIRE MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (KILOTON)
      • Table MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
    • ELECTRICAL & ELECTRONICS
      • ELECTRICAL & ELECTRONICS IS THE MAJOR END-USE INDUSTRY OF MAGNET WIRE
        • Table MAGNET WIRE MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2017–2024 (KILOTON)
        • Table MAGNET WIRE MARKET SIZE IN ELECTRICAL & ELECTRONICS, BY REGION, 2017–2024, (USD MILLION)
    • INDUSTRIAL
      • INCREASING DEMAND FROM TRANSFORMERS WILL DRIVE THE MARKET IN THE INDUSTRIAL SECTOR
        • Table MAGNET WIRE MARKET SIZE IN INDUSTRIAL, BY REGION, 2017–2024 (KILOTON)
        • Table MAGNET WIRE MARKET SIZE IN INDUSTRIAL, BY REGION, 2017–2024, (USD MILLION)
    • TRANSPORTATION
      • GROWING DEMAND FOR ELECTRIC VEHICLE IS DRIVING THE CONSUMPTION OF MAGNET WIRE IN TRANSPORTATION INDUSTRY
        • Table MAGNET WIRE MARKET SIZE IN TRANSPORTATION, BY REGION, 2017–2024 (KILOTON)
        • Table MAGNET WIRE MARKET SIZE IN TRANSPORTATION, BY REGION, 2017–2024, (USD MILLION)
    • INFRASTRUCTURE
      • APAC IS THE BIGGEST CONSUMER OF MAGNET WIRE IN THE INFRASTRUCTURE INDUSTRY
        • Table MAGNET WIRE MARKET SIZE IN INFRASTRUCTURE, BY REGION, 2017–2024 (KILOTON)
        • Table MAGNET WIRE MARKET SIZE IN INFRASTRUCTURE, BY REGION, 2017–2024, (USD MILLION)
    • OTHERS
      • Table MAGNET WIRE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2017–2024 (KILOTON)
      • Table MAGNET WIRE MARKET SIZE IN OTHER INDUSTRIES, BY REGION, 2017–2024, (USD MILLION)
  • MAGNET WIRE MARKET, BY REGION
    • INTRODUCTION
      • Table MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024 (KILOTON)
      • Table MAGNET WIRE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: MAGNET WIRE MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON)
      • Table NORTH AMERICA: MAGNET WIRE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (KILOTON)
      • Table NORTH AMERICA: MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table NORTH AMERICA: MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • US
      • CANADA
    • EUROPE
      • Table EUROPE: MAGNET WIRE MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON)
      • Table EUROPE: MAGNET WIRE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table EUROPE: MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (KILOTON)
      • Table EUROPE: MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
      • Table EUROPE: MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table EUROPE: MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • GERMANY
      • UK
      • FRANCE
      • ITALY
      • REST OF EUROPE
    • APAC
      • Table APAC: MAGNET WIRE MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON)
      • Table APAC: MAGNET WIRE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table APAC: MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (KILOTON)
      • Table APAC: MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
      • Table APAC: MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table APAC: MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • INDIA
      • REST OF APAC
    • LATIN AMERICA
      • Table LATIN AMERICA: MAGNET WIRE MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON)
      • Table LATIN AMERICA: MAGNET WIRE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (KILOTON)
      • Table LATIN AMERICA: MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table LATIN AMERICA: MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • MEXICO
      • BRAZIL
      • ARGENTINA
      • REST OF LATIN AMERICA
    • MEA
      • Table MEA: MAGNET WIRE MARKET SIZE, BY COUNTRY, 2017–2024 (KILOTON)
      • Table MEA: MAGNET WIRE MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table MEA: MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (KILOTON)
      • Table MEA: MAGNET WIRE MARKET SIZE, BY END-USE INDUSTRY, 2017–2024 (USD MILLION)
      • Table MEA: MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (KILOTON)
      • Table MEA: MAGNET WIRE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • SAUDI ARABIA
      • UAE
      • REST OF MEA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE LEADERSHIP MAPPING
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • VISIONARY LEADERS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
    • MARKET RANKING
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2014–2018
      • EXPANSIONS & INVESTMENTS
        • Table EXPANSIONS & INVESTMENTS, 2014–2018
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2014–2018
  • COMPANY PROFILES
    • LS CABLE & SYSTEM LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • REA MAGNET WIRE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • IRCE S.P.A.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • ELEKTRISOLA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • TONGLING JINGDA SPECIAL MAGNET WIRE CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
      • MNM VIEW
    • FURUKAWA ELECTRIC CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SAMDONG CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SUMITOMO ELECTRIC INDUSTRIES, LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • FUJIKURA LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • LWW GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • OTHER KEY PLAYERS
      • HITACHI METALS, LTD.
      • MAGNEKON
      • VON ROLL HOLDING AG
      • CONDUMEX INC.
      • PRECISION WIRES INDIA LIMITED
      • ROSHOW TECHNOLOGY CO., LTD.
      • EDERFIL-BECKER
      • SCHWERING & HASSE ELEKTRODRAHT GMBH
      • AISLANTES, CONDUCTORES ESMALTADOS Y BARNICES S.A
      • ZML INDUSTRIES S.P.A.
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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