Wire Drawing Machines Market Size, Share, Statistics, Trend Analysis and Forecast Report, 2020 - 2027

Wire Drawing Machines Market is segmented by Product Type (Bull Block Wire Drawing Machine, Wet Wire Drawing Machine, Straight Line Wire Drawing Machine, Dry Wire Drawing Machine, and OTO Wire Drawing Machine), and by Distribution Channel (Direct sales and Indirect sales), and by Application (Electrical wiring, Cables, Tension-loaded structural components, Springs, Paper clips, Spokes for wheels, and Stringed musical instruments), and by Industry (Construction, Automotive, Media & Entertainment, Machinery & Heavy equipment, Marine industry, Manufacturing, Industrial, and Consumer Goods), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

  • Report ID : MD2271
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  • Pages : 274
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  • Tables : 85
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  • Formats :

Wire Drawing Machines Market size shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.

Market Definition / Research Scope

The wire drawing machine reduces the cross-section of a wire by pulling (drawing) the wire through a series or single drawing dies. It is used in the processing of copper wire, stainless steel wire, and other metal wire and cable materials. Common wire drawing machines are water tank type wire drawing machine, straight wire drawing machine, inverted wire drawing machine, pulley type wire drawing machine, etc.
They are used in manufacturing of electrical wiring, cables and paper clips in automobiles, stringed musical instruments and springs, in industrial applications like automotive, media & entertainment, marine, construction, machinery & heavy equipment and in industries.
The market is mainly fragmented due to a big number of manufacturers who are trying to gain a competitive edge through product differentiation. Other strategic plans include investing in research and developing new innovative techniques of manufacturing wire drawing machines. The big jar wire drawing machines and large water tank wire drawing machines have the major market share.
In January 2020, Italys Mario Frigerio SpA announced its acquisition of the intellectual property rights (IPO) as well as the inventory of Germanys ERNST KOCh GmbH & Co,KG, a storied equipment manufacturer. The deal will enable the organization to strengthen its global presence, enhance prompt responses to worldwide service needs and accomodate stocking of original spare parts.

Wire Drawing Machines Market Growth and Trends

Driving factors for the industry :
•Growing industrialization in developing and developed countries across the world is expected to drive the demand for the wire drawing machines market during the forecast period.
•Advancement and introduction of new technology and rapid use of these machines in the manufacturing of electrical wiring, cables, springs, paper clips, and among other products is anticipating the growth of the wire drawing machines market growth during the forecast period.
•Furthermore, the necessity of the machine in wire drawing and the low maintenance factor of the machine are boosting the growth of the global wire drawing machines market.
•Moreover, wire drawing machines are utilized in the manufacturing of electrical wiring, cables, and paper clips which in turn, is expected to increase the demand for wire drawing machines worldwide.
•Continuous rise in automobile production is also one of the important factors boosting the global wire drawing machines market on a large scale.
•Significant and consistent increase in demand for wire drawing machines due to the steady surge in demand for cars, modern equipments, consumer goods, as well as heavy equipment or machinery is expected to anticipate the demand for the global wire drawing machines market during the forecast period.
•Rapid urbanization and increasing automation in the industry is the key factor that accelerates the growth of the wire drawing machines market.
•The various benefits of wire drawing machines such as high drawing density, tight structure, compact design, no twisting during the drawing process, and high-speed drawing are some of the major factors that boom the growth of the wire drawing machines market. Moreover, upsurge in demand for consumer goods, heavy equipment, machinery is expected to fuel the wire drawing machines market growth even further.
•Noteworthy technologies are direct cooling of wire as it exits the die, the Kobe Cooling System, and V-Trac machine, which uses the Kobe Cooling System and V-shaped capstans, etc. have started coming into play which will pose as a boost to the growth of the wire drawing machines market even further.

Challenges for the industry :
The only major problem in the wire drawing machines is removing the residual water off the wire before entering the next die and lubricant. Careless work would lead to improper drawing and cause repetition of the same work until it is proper, which can be tedious and cause hindrance in this field.

Wire Drawing Machines Market Regional Analysis
Wire Drawing Machines Market Share and Competition
Key companies operating in this industry are: Parovi Machines, L.S. WIRE MACHINERY, NIEHOFF GmbH & Co., Siemens, Amacoil, Inc., Micro Products Company, Gilco, Inc., Rockford Manufacturing Group, KIESELSTEIN International GmbH., Gefran, CHENG I DRAWING MACHINERY CO., LTD., and JACOM Strategic allies.

Wire Drawing Machines Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2020 - 2027)
• Bull Block Wire Drawing Machine
• Wet Wire Drawing Machine
• Straight Line Wire Drawing Machine
• Dry Wire Drawing Machine
• OTO Wire Drawing Machine

Distribution Channel Analysis (Revenue, USD Million, 2020 - 2027)
• Direct sales
• Indirect sales

Application Analysis (Revenue, USD Million, 2020 - 2027)
• Electrical wiring
• Cables
• Tension-loaded structural components
• Springs
• Paper clips
• Spokes for wheels
• Stringed musical instruments

Industry Analysis (Revenue, USD Million, 2020 - 2027)
• Construction
• Automotive
• Media & Entertainment
• Machinery & Heavy equipment
• Marine industry
• Manufacturing
• Industrial
• Consumer Goods

Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Wire Drawing Machines Market Companies
• Parovi Machines
• L.S. WIRE MACHINERY
• NIEHOFF GmbH & Co.
• Siemens
• Amacoil, Inc.
• Micro Products Company
• Gilco, Inc.
• Rockford Manufacturing Group.
• KIESELSTEIN International GmbH.
• Gefran.
• CHENG I DRAWING MACHINERY CO., LTD.
• JACOM Strategic allies

Available Versions: -
United States Wire Drawing Machines Market Research Report
Europe Wire Drawing Machines Market Research Report
Asia Pacific Wire Drawing Machines Market Research Report
India Wire Drawing Machines Market Research Report

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