As highlighted by Fact.MR, the global electrical coil winding market should reach US$ 1,033.2 million in 2024. According to projections, it will grow steadily at a CAGR of 8.8%, arriving to US$ 2,401 million by 2034. Considering the geographical regions, the North American electrical coil winding market should see a strong growth: 9% CAGR (2024-2034). The surge is primarily attributed to increasing demand in key countries, notably the United States and Canada. In 2024, the United States dominated the industry with an estimated 72.4% market share. Also in the East Asia, the electrical coil winding market is growing (8.9% CAGR in 2024). In particular, China is emerging as the key player in the industry with a significant share of 56.9% in 2024.
The helical winding segment
As regards to the winding type, the helical winding segment is estimated to hold a 37.9% market share in 2024. The need for compact designs drives the demand for helically wound coils, enhanced electromagnetic performance, and improved thermal management. In 2024 the market value of the helical winding segment should reach US$ 391 million. Projections show a 2024-2034 growth rate equal to 8.4% CAGR and a projected value of US$ 876.5 million in 2034.
Global winding machines market
Considering the global winding machines market, it has reached US$ 3.5 billion in 2022. It is expected to progress at a CAGR of 7.4% to increase to a size of US$ 7.14 billion by the end of 2032. North America leads the global market with over one-fourth market share, closely followed by East Asia. “The need for winding machines – Fact.MR explains – is predicted to increase globally due to the vast range of end uses, including wire bonding, wire winding, and wire welding”.
Observing the country-wise insights, the United States winding machines market is currently estimated at US$ 788.9 million and is expected to reach US$ 1.52 billion by 2032. The Chinese market is also expected to grow significantly by 2032.
Finally, in terms of technology, the automatic coil winding machines extend to a wide range of manufacturing industries. “The way winding technology has evolved as automation technologies have advanced in several manufacturing fields is impressive – Fact.MR says –. Automatic winding machines now come with a variety of functions that were previously not heard of. These automated features horten processing times, ensure quality is upheld, and reduce the need for an operator”.
| The world of coil winding at 360 degrees This week the world of coil winding meets in Pordenone for Coiltech Italia 2024 (18-19 September). Among the protagonists, IMA Automation Atop and IMA Automation Fasp propose their range of winding tailored solutions for the production of electric motors. Under the spotlight the latest updates for hairpin and coil winding technologies. Oxyweld shows its Oweld ecologic oxyhydrogen gas generators for brazing. Other players present are Dema (stacking, joining, inspecting and assembling machines) and Demak (advanced resin dispensing equipment for open air or vacuum casting). Besides, also Cagnoni (hook-type electric commutators, blancking of metal components for electrical motors), FAET (electromechanical and electro-technical components) and Sipro (winding and finishing machines for coil and motors manufacturing) exhibit their latest innovation. |
