openPR Logo
Press release

Leading Automotive Magnet Wire Companies Innovate With Advanced PEEK Extrusion Compounds For Enhanced Electric Motor Performance Trend: A Crucial Influence on the Automotive Magnet Wire Market's Transformation in 2025

02-10-2025 07:11 AM CET | Logistics & Transport

Press release from: The Business Research Company

Automotive Magnet Wire Market share

Automotive Magnet Wire Market share

What Is the Expected Size and Growth Rate of the Automotive Magnet Wire Market?
There has been a considerable surge in the size of the automotive magnet wire market in the previous years. The market, which is valued at $4.98 billion in 2024, is projected to leap to $5.29 billion in 2025, equating to a Compound Annual Growth Rate (CAGR) of 6.1%. Factors that contributed to the growth during the historical period include the escalating demand for electric vehicles, increased utilization of magnet wire in motors, improving living conditions and urbanization, heightened demand originating from the industrial and transportation sectors, and the rising need for effective traction motors.

The market size of automotive magnet wire is set to witness robust growth in the upcoming years, expanding to a substantial $6.6 billion by 2029, with a compound annual growth rate (CAGR) of 5.7%. This expected growth during the forecast period can be linked to the rising adoption of renewable energy, increased usage of magnet wires in consumer electronics, growing demand for electrical and electronic commodities, the myriad benefits of magnet wire, and improved resistance to high temperatures. Notable market trends expected during the forecast period encompass a shift towards compact and more energy-efficient electronic devices, technological progress, advances in thin insulation technologies, developments in automotive electronics, and novel innovations in magnet wire materials.

What Is Contributing to the Growth of the Automotive Magnet Wire Market?
The rise in electric vehicles is projected to fuel the automotive magnet wire market's growth. Electric vehicles (EVs), powered by rechargeable batteries rather than gasoline or diesel, don't have exhaust emissions and can utilize renewable energy sources like solar or wind. As more individuals seek out environmentally-friendly transportation alternatives, EVs gain popularity. Factors such as lower maintenance costs, zero tailpipe emissions, enticing incentives, and the ease of charging at home contribute to the increased sales of electric vehicles. The efficient, dependable, and long-lasting functionality of electric vehicle motors relies heavily on automotive magnet wire, improving the overall performance and attractiveness of EVs. For example, in a report by the France-based autonomous intergovernmental agency, the International Energy Agency, it was revealed that approximately 66,000 electric buses and 60,000 medium- and heavy-duty trucks were sold worldwide in 2022, making up around 4.5% of total bus sales and 1.2% of truck sales globally. Moreover, the electric truck market share in China surged from 1.5% in 2021 to 3.9% in 2022, showing a substantial increase within a single year. Thus, the growth and proliferation of electric vehicles are pushing the automotive magnet wire market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17083&type=smp

Which Leading Companies Are Shaping the Growth of the Automotive Magnet Wire Market?
Major companies operating in the automotive magnet wire market are Hitachi Ltd., Magna International Inc., Sumitomo Electric Industries Ltd., Fujikura Ltd., Superior Essex Inc., Roshow Technology Co. Ltd., Elektrisola Dr. Gerd Schildbach GmbH&Co.KG, Dahren Group, Von Roll, Rea Magnet Wire Company Inc., Furukawa Electric Co. Ltd., Ningbo jintian copper(group) Co. Ltd., Sam Dong, Condumex S.A. De C.V., Radix Wire & Cable, Jingda (Jingzhou) Automotive Co. Ltd., Taihan Cable & Solution Co. Ltd., LWW Group, Magnekon SA de CV, LS Cable & System, City Chase Inc., Synflex Elektro GmbH

What Are the Major Trends Shaping the Automotive Magnet Wire Market?
In the automotive magnet wire market, leading enterprises are innovating by creating products such as ket*one (PEEK) extrusion compounds expressly designed for electric motor's copper magnet wire insulation. These advancements aim to enhance thermal performance, promote better electrical insulation properties, and heighten durability in high-stress situations. Notably, ket*one (PEEK) extrusion compound is a high-functioning thermoplastic material, praised for its superb mechanical attributes, resistance to chemicals, and considerable thermal stability. For instance, in May 2023, Solvay, a polymer manufacturing company based in Belgium, introduced the KetaSpire KT-857. This new ket*one (PEEK) extrusion compound is specifically crafted for copper magnet wire insulation in electric motors. This novelty in magnet wire PEEK insulating material excels in offering improved adhesion to the copper magnet wire, overcoming issues typically encountered with standard PEEK extrusion techniques.

What Are the Key Segments of the Automotive Magnet Wire Market?
The automotive magnet wire market covered in this report is segmented -

1) By Type: Copper Wire, Aluminum Wire
2) By Material: Polyamide-Imide (PAI), Polyimides (PI), Polyetherimide (PEI), Polyether Ether ket*one (PEEK)
3) By Application: Motor, Starter Motor, Braking, Alternators, Stability Control, Windows, Door Lock, Seating, Other Applications
4) By End User: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Electric Vehicle

Subsegments:
1) By Copper Wire: Enameled Copper Wire, Bare Copper Wire, Copper Clad Aluminum Magnet Wire, High-Temperature Copper Magnet Wire, Copper Magnet Wire For Electric Motors
2) By Aluminum Wire: Enameled Aluminum Wire, Bare Aluminum Wire, Aluminum Clad Copper Magnet Wire, High-Temperature Aluminum Magnet Wire, Aluminum Magnet Wire For Electric Vehicles (Evs)

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automotive-magnet-wire-global-market-report

Which Region Dominates the Automotive Magnet Wire Market?
Asia-Pacific was the largest region in the automotive magnet wire Market in 2023. The regions covered in the automotive magnet wire market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Automotive Magnet Wire Global Market Report?

- Market Size Analysis: Analyze the Automotive Magnet Wire Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Magnet Wire Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Magnet Wire Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Magnet Wire Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=17083

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Leading Automotive Magnet Wire Companies Innovate With Advanced PEEK Extrusion Compounds For Enhanced Electric Motor Performance Trend: A Crucial Influence on the Automotive Magnet Wire Market's Transformation in 2025 here

News-ID: 3858719 • Views:

More Releases from The Business Research Company

Air Cargo And Freight Logistics Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Air Cargo And Freight Logistics Global Market Insights: Growth Drivers, Size & F …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. What Is the Forecasted Market Growth Rate of the Air Cargo And Freight Logistics Industry? The market size for air cargo and freight logistics has seen robust expansion in the past few years. The projection is that it will rise from $225.06 billion in 2024 to $240.65 billion in 2025, demonstrating
Future of Two-wheeler Shock Absorber Market: Size, Share & Forecasts to 2029
Future of Two-wheeler Shock Absorber Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. What Is the Projected Market Size Valuation of the Two-wheeler Shock Absorber Market by 2025? The market size of the two-wheeler shock absorber has witnessed consistent growth over the recent years. It is projected to expand from $3.29 billion in 2024 to $3.39 billion in 2025, registering a compound annual growth
Solar Powered Car Industry to Achieve $8.7 Billion Growth by 2029
Solar Powered Car Industry to Achieve $8.7 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments. How Will the Solar Powered Car Market Grow by 2025 in Terms of Size and Growth? The market dimension of solar powered vehicles has undergone substantial growth in the past few years. It is projected to increase from $1.94 billion in 2024 to $2.58 billion in 2025, reflecting a compound annual growth
Recreational Boating Market Growth to be Driven by Emerging Trends | $46.66 Billion by 2029
Recreational Boating Market Growth to be Driven by Emerging Trends | $46.66 Bill …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. What is the Projected Market Size of the Recreational Boating Industry? The size of the recreational boating market has been on a steady rise over the past few years. This market is projected to escalate from $32.87 billion in 2024 to $34.94 billion in 2025, reflecting a compound annual growth rate

All 5 Releases


More Releases for Wire

Understanding Wire Electrical Discharge Machining (Wire EDM)
Wire Electrical Discharge Machining (Wire EDM) is a highly accurate and reliable method for cutting electrically conductive materials. Favored in industries like aerospace, automotive, medical device manufacturing, and mold making, this process allows for extremely precise cuts that are nearly impossible to achieve with traditional mechanical methods. What Is Wire EDM? Wire EDM-short for wire electrical discharge machining-is a non-contact machining process that uses a thin, electrically charged wire to cut through
Steel Wire Rod and Wire Market
Market Overview: The global steel wire rod and wire market was valued at USD 174.5 billion in 2022 and is projected to rise at a compound annual growth rate (CAGR) of 5.6% to reach USD 269.5 billion by 2030. The increasing popularity of electric vehicles presents a new market for steel wire. EVs require specific steel wire materials for applications including electric motors, charging stations, and battery components. As EV usage continues
Steel Wire Market 2021 Analysis by Global Manufacturers – Heico Wire Group, Al …
The "Steel Wire" Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. The Global Steel Wire Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth survey of key players in the market which is based on various competitive intelligence parameters like company profiles, product picture and specification,
Global Specialty Wire Sales Market 2018:2025 - MWS Wire, Torpedo Specialty Wire, …
The Specialty Wire Sales market research report is a comprehensive emphasizing study of the industry The Global Specialty Wire Sales market 2018-2025 report offers a extensive and precise estimates and forecasts study of Specialty Wire Sales industry along with the analysis of essential features providing key industry insights to the readers. The Specialty Wire Sales market research report further delivers an methodical outlook of the industry by studying key components impacting
- 3M, Alpha Wire, Amphenol, Belden Wire $ Cable
Global Multiconductor Cable Sales Market 2018-2025 Research Report The Global Multiconductor Cable Sales Market 2018 Report contains in depth information major manufacturers, opportunities, challenges, and industry trends and their impact on the market forecast. Multiconductor Cable Sales market also provides data about the company and its operations. This report also provides information on the Pricing Strategy, Brand Strategy, Target Client, Distributors/Traders List offered by the company The Multiconductor Cable Sales research report
Specialty Wire 2017 Global Market Key Players – MWS Wire, Torpedo Specialty Wi …
Specialty Wire SWOT Analysis And Forecast 2022 This report studies Specialty Wire in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering MWS Wire Torpedo Specialty Wire Specialty Wire and Cable (SWC) LANOCO Specialty