Copper Magnet Wire Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[189+ Pages Report] According to the report published by Facts Factors, the global copper magnet wire market size was worth around USD 25,000 million in 2019 and is predicted to grow to around USD 31,000 million by 2026 with a compound annual growth rate (CAGR) of roughly 3% between 2020 and 2026. The report analyzes the global copper magnet wire market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the copper magnet wire market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the copper magnet wire industry. The report analyzes and declares the historical and current trends analysis of the copper magnet wire industry and subsequently recommends the projected trends anticipated to be observed in the copper magnet wire market during the upcoming years.

The copper magnet wire market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Copper Magnet Wire market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Metric Tons) and value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the copper magnet wire industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Key Insights from Primary Research

• The major respondents, the market for copper magnet wire is set to grow annually at a rate of around 3%.
• In terms of Value, the global copper magnet wire Market at 24.00 Billion in 2016 and is expected to reach 31,000 Million by 2026.
• In terms of Volume, global copper magnet wire Market at 56.00 Billion Units in 2016 and is expected to reach 53.00 Metric Tons by 2026.
• Based on product segmentation, the “Covering Copper Wire” category accounting for around 36%, share in 2019.
• Based on industry segmentation, the “Motors” category accounting for around 30%, share in 2019.
• Based on sales channel segmentation, the “Direct Sales” category accounting for around 65%, share in 2019.

Key Recommendations from Analysts

• As per our analysis, the Asia Pacific market is estimated to grow at an of 69% share during 2019-2026.
• The Asia Pacific is accounted for the largest market share of copper magnet wire in 2016 and is expected to be the dominating region over the forecast period.  China, Japan, and India are the leading countries in the Asia Pacific cloth hanger market.
• This is owing to rising demand from the emerging economy and industrial growth in the region. China is the largest consumer country on a regional as well as global level for copper magnet wire for the various end-user industry.
• Rising home appliance demand in the developing country owing to the rising purchasing power of consumers in the region is anticipated to enhance the copper wire market in the near future.
• Copper Magnet Wire manufacturer generally follow the differential pricing strategy to position themselves in the market.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the copper magnet wire industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Copper Magnet Wire market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the copper magnet wire industry. The copper magnet wire market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the copper magnet wire sector. Key strategic developments in the Copper Magnet Wire market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Copper Magnet Wire market are appropriately highlighted in the report.

Copper Magnet wires, also known as enameled wires or winding wires coated with a very thin layer of insulation. It has multiple applications including generators, electric motors, transformers, relays, compressors, solenoid valves, inductors, etc. These wires container be connected to the type of industrial of the inductive components easier. The magnet wires produce electromagnetic fields. The motor segment accounted for the largest market share of the copper wire market in 2017 and is expected to be the dominating application segment over the forecast period. The motor segment is the fastest-growing segment than other application segments owing to the wide applications of a motor in various industries.

By region, Asia Pacific is accounted for the largest market share of copper magnet wire market due to the rising various end-user industries in the region and large scale consumption of copper magnet wire in China for various end-user industries.

The Copper Magnet Wire market research report delivers an acute valuation and taxonomy of the Copper Magnet Wire industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Copper Magnet Wire industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Copper Magnet Wire industry is provided for the leading economies of the world.

The Copper Magnet Wire market is segmented based on type, industry and sales channel. On the basis of product, the copper magnet wire market is segmented as enameled wire copper, enameled aluminum wire, covering copper wire, and covering the aluminum wire. On the basis of Industry, the copper magnet wire market is segmented as motors, transformers, home appliances, reactors, and others. On the basis of the sales channel, the copper magnet wire market is segmented as direct sales and retail.

Some of the essential players operating in the Copper Magnet Wire market, but not restricted to include

•  Ronsen Super Micro-Wire
•  Superior Essex
•  Tongling Copper Crown Electrical
•  Rea
•  Sumitomo Electric
•  Shanghai Yuke
•  Hitachi
•  IRCE
•  Citychamp Dartong
•  Magnekon
•  Condumex
•  Jingda
•  Elektrisola
•  Von Roll

The taxonomy of the Copper Magnet Wire industry by its scope and segmentation is as follows:

By Type Segmentation Analysis 

• Enameled Wire Copper
• Enameled Aluminum Wire
• Covering Copper Wire
• Covering Aluminum Wire

By Industry Segmentation Analysis

• Motors
• Transformers
• Home Appliance
• Reactor
• Others

By Sales channel Segmentation Analysis

• Direct Sales
• Retail

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa