Wire Drawing Machine Market
Global Wire Drawing Machine Market Size, Share & Trends Analysis Report by Types (Bull Block Wire Drawing Machine, Wet Wire Drawing Machine, Dry wire Drawing Machine, OTO Wire Drawing Machine, and Straight Line Wire Drawing Machine) and by Application (Electrical Wiring, Cables, Springs, Paper Clips, Spokes of Wheels, and Others) Forecast Period (2021-2027) Update Available - Forecast 2024-2030
The global wire drawing machine market is anticipated to grow at a significant CAGR of 6.7% during the forecast period. The growing automobile industry is the key factor driving the demand for wire drawing machines globally. These wire drawing machines are used in the production of cables, wires, springs, and various other products. The cables play an essential role in the automobile industry for brake, gear, clutch, and other applications. The most commonly used cables in this sector are, battery cables, multi-core screened cables, CAN bus cables, Single-core cables, and others that are produced by the wire drawing machines. Vehicles have an abundance of wiring, which is utilized for transmission and electrical connections. Thus, the wire drawing machines market will grow along with the growth of the automotive sector.
Impact of COVID-19 Pandemic on Global Wire Drawing Machine Market
The COVID-19 pandemic has spread in almost every country across the globe. The COVID-19 pandemic had a negative impact on the sale of the equipment and machinery sector during 2020. There was significant demand for equipment and machinery prior to the COVID-19 pandemic from developed countries, including the UK, US, and China. However, as the pandemic begin the demand for equipment and machinery got drastically reduced. As the COVID-19 situation gets normalized, the market is expected to show a "U" shaped recovery. The report covers an in-depth analysis of the impact of COVID-19 on the wire drawing machine market.
Segmental Outlook
The global wire drawing machine market is segmented based on the types and application. Based on the types, the market is sub-segmented into the bull block wire drawing machine, wet wire drawing machine, dry wire drawing machine, OTO wire drawing machine, and straight line wire drawing machine. Based on the application, the market is segmented into electrical wiring, cables, springs, paper clips, spokes of wheel, and others. Among the application segment, cables are expected to dominate the market due to their major utilization in various other industries, such as the construction industry, manufacturing industry, and automobile industry.
Global Wire Drawing Machine Market Share by Application, 2020 (%)
The Cables Segment Holds the Major Share in the Global Wire Drawing Machine Market
Cables are used in the manufacturing of various other products such as cars and other products related to the automobile industry. There is an increase in demand for cars which leads to an increase in demand for cables. Additionally, cables are used in other industries including the defense and construction industries. Cables comprise a number of wires inside a rubber case. Owing to the increasing construction sector in developing countries there will be significant growth opportunities for the cables in the wire drawing machine market.
Regional Outlooks
The global wire drawing machine market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Asia Pacific region is anticipated to hold the major share of the global wire drawing machine market during the forecast period due to an increase in infrastructural development. Europe is expected to grow at a significant rate in the wire drawing machine market, followed by North America due to the increased demand for wires and cables.
Global Wire Drawing Machine Market Growth, by Region 2021-2027
The Asia-Pacific Region Holds the Major Share in the Global Wire Drawing Machine Market
Asia-Pacific region holds a major share of the global wire drawing machine market attributing to the increase in infrastructural development. India focuses on the production of a wide range of wire drawing machinery. Many producers of wires are collaborating with major market players. For instance, Swaraj Technocrafts Pvt. Ltd., a market player in the sector of equipment production in India recently hosted a platinum rollout ceremony to celebrate the delivery of its 100th machine to Gustav Wolf, a market player of wire maker in Germany. Several dignitaries from the wire industry around the globe attended that event.
Market Players Outlook
The major companies serving the global Wire Drawing Machine market include U.I. Lapp GmbH, Amaral Automation, Strecker Gmbh, Huestis Industrial, FLASHWELD INDUSTRIES, Parovi Machines, Mashtronics D.O.O, Usha Martin, CHENG I WIRE MACHINERY CO., LTD. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2021, Niehoff’s braiding machine type BMV 16 came with three patented innovations. The first innovation was based on increased braiding output, the second innovation was based on keeping a constant braiding ratio, and the third innovation was based on keeping a uniform braiding wire tension.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global wire drawing machine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Wire Drawing Machine Market
• Recovery Scenario of Global Wire Drawing Machine Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. KIESELSTEIN International GmbH
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. NIEHOFF GmbH & Co.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. U.I. Lapp GmbH
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Siemens AG
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. USHA Martin
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Wire Drawing Machine Market by Types
4.1.1. Bull Block Wire Drawing Machine
4.1.2. Wet Wire Drawing Machine
4.1.3. Dry Wire Drawing Machine
4.1.4. OTO Wire Drawing Machine
4.1.5. Straight Line Wire Drawing Machine
4.2. Global Wire Drawing Machine Market by Application
4.2.1. Electrical Wiring
4.2.2. Cables
4.2.3. Springs
4.2.4. Paper Clips
4.2.5. Spokes for Wheels
4.2.6. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amaral Automation
6.2. Brookfield Wire Co.
6.3. CHENG I WIRE MACHINERY CO., LTD.
6.4. Filtertech Inc.
6.5. FLASHWELD INDUSTRIES
6.6. Gefran S.p.A.
6.7. GILCO SPRINGStrecker Gmbh
6.8. Henrich Maschinenfabrik GmbH
6.9. Huestis Industrial
6.10. JACOM Strategic allies
6.11. Jiangyin yifa metal technology co. Ltd.
6.12. L.S. WIRE MACHINERY
6.13. Mashtronics D.O.O
6.14. Micro Products Co.
6.15. Miyazaki Machinery Systems Co., Ltd.
6.16. Parovi Machines
6.17. Rockford Manufacturing Group
1. GLOBAL WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPES, 2020-2027 ($ MILLION)
2. GLOBAL BULL BLOCK WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL WET WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL DRY WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL OTO WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL STRAIGHT LINE WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
8. GLOBAL WIRE DRAWING MACHINE MARKET FOR ELECTRICAL WIRING RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL WIRE DRAWING MACHINE MARKET FOR CABLES RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL WIRE DRAWING MACHINE MARKET FOR SPRINGS RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL WIRE DRAWING MACHINE MARKET FOR PAPER CLIPS RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL WIRE DRAWING MACHINE MARKET FOR SPOKES FOR WHEELS RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL WIRE DRAWING MACHINE MARKET FOR OTHER APPLICATIONS RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPES, 2020-2027 ($ MILLION)
17. NORTH AMERICAN WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
18. EUROPEAN WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. EUROPEAN WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPES, 2020-2027 ($ MILLION)
20. EUROPEAN WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPES, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
24. REST OF THE WORLD WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
25. REST OF THE WORLD WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY TYPES, 2020-2027 ($ MILLION)
26. REST OF THE WORLD WIRE DRAWING MACHINE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL WIRE DRAWING MACHINE MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL WIRE DRAWING MACHINE MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL WIRE DRAWING MACHINE MARKET, 2021-2027 (%)
4. GLOBAL WIRE DRAWING MACHINE MARKET SHARE BY TYPES, 2020 VS 2027 (%)
5. GLOBAL BULL BLOCK WIRE DRAWING MACHINE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL WET WIRE DRAWING MACHINE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL DRY WIRE DRAWING MACHINE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL OTO WIRE DRAWING MACHINE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL STRAIGHT LINE WIRE DRAWING MACHINE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL WIRE DRAWING MACHINE MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
11. GLOBAL WIRE DRAWING MACHINE MARKET FOR ELECTRICAL WIRING REGION BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL WIRE DRAWING MACHINE MARKET FOR CABLES REGION BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL WIRE DRAWING MACHINE MARKET FOR SPRINGS FOR REGION BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL WIRE DRAWING MACHINE MARKET FOR PAPER CLIPS REGION BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL WIRE DRAWING MACHINE MARKET FOR SPOKES FOR WHEELS REGION BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL WIRE DRAWING MACHINE MARKET FOR OTHER APPLICATIONS REGION BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL WIRE DRAWING MACHINE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. US WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
19. CANADA WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
20. UK WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
21. FRANCE WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
22. GERMANY WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
23. ITALY WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
24. SPAIN WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
25. REST OF EUROPE WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
26. INDIA WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
27. CHINA WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
28. JAPAN WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
29. SOUTH KOREA WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF ASIA-PACIFIC WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF THE WORLD WIRE DRAWING MACHINE MARKET SIZE, 2020-2027 ($ MILLION)
