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.
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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.
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Global Wire Drawing Machine Market Segmentation
By Types
- Bull Block Wire Drawing Machine
- Wet Wire Drawing Machine
- Dry Wire Drawing Machine
- OTO Wire Drawing Machine
- Straight Line Wire Drawing Machine
By Application
- Electrical Wiring
- Cables
- Springs
- Paper Clips
- Spokes for Wheels
- Others
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Amaral Automation
- Brookfield Wire Co.
- CHENG I WIRE MACHINERY CO., LTD.
- Filtertech Inc.
- FLASHWELD INDUSTRIES
- Gefran S.p.A.
- GILCO SPRINGStrecker Gmbh
- Henrich Maschinenfabrik GmbH
- Huestis Industrial
- JACOM Strategic allies
- Jiangyin yifa metal technology co. Ltd.
- S. WIRE MACHINERY
- Mashtronics D.O.O
- Micro Products Co.
- Miyazaki Machinery Systems Co., Ltd.
- Parovi Machines
- Rockford Manufacturing Group
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