Market Overview:
The global hot cutting wire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hot cutting wires in various applications, such as hot cutting, line bending, and others. In terms of type, the nickel alloy wire segment is expected to hold a major share of the global market during the forecast period. This can be attributed to its properties such as high strength and resistance to corrosion.
Product Definition:
A hot cutting wire is a piece of metal that is heated and then used to cut other pieces of metal. It is important because it allows for easy and precise cuts without the need for a welding torch or other heating device.
Nickel Alloy Wire:
Nickel alloys are a group of five metals, which include nickel, copper, iron, palladium and platinum. These metals have different properties but can be easily obtained from ores. Nickel has the highest usage in various applications including electrical & electronics industry owing to its unique properties such as corrosion resistance and high strength along with being ductile enough for soft magnetic materials. It also finds application in construction industry due to its excellent malleability and ability to withstand high temperatures during welding operations.
Stainless Steel Wire:
Stainless steel wire is a type of electrical conductor, which consists of two outer layers of metal: the layer, which is normally called as the inner core, and an external skin made from nickel and chromium. The external skin or top coat is normally made from carbon-based material.
The stainless steel wire finds its major application in transformers where it's used for windings around a coil to provide an effective magnetic field for electricity transmission.
Application Insights:
Hot cutting wires are widely used in various industries including automotive, construction, energy and power, medical equipment and appliances manufacturing among others. In 2017-18, the automotive industry accounted for over 30% of the overall demand. The growth can be attributed to increasing use of hot cutting wires in engine components such as camshafts and valve trains along with an increase in vehicle production globally.
The energy & power industry is projected to witness significant growth over the forecast period owing to rapid expansion of wind turbines across different countries worldwide coupled with rising use of electric vehicles (EV) batteries which require large quantities of lithium-ion battery cells for their rechargeable operations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to rapid industrialization and urbanization. Growing population coupled with rising living standards have resulted in increased demand for consumer electronics products such as mobile phones and laptops among others. This has led manufacturers of electronic components such as semiconductors & chips, LEDs etc.
Growth Factors:
- Increasing demand for Hot Cutting Wire from the automotive and aerospace industries due to its high-quality performance.
- Growing popularity of Hot Cutting Wire in the construction industry for precision cutting of metal sheets and profiles.
- Rising demand for Hot Cutting Wire from small and medium enterprises (SMEs) owing to its cost-effective nature.
- Proliferation of online shopping portals that offer a wide range of Hot Cutting Wires at competitive prices is fuelling the market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Cutting Wire Market Research Report
By Type
Nickel Alloy Wire, Stainless Steel Wire
By Application
Hot Cutting, Line Bending, Others
By Companies
Knight Precision Wire, Alloy Wire International, MWS Wire, TEMCo, TOKYO WIRE WORKS, LTD., Pelican Wire, Tech Spring Manufacturing Corp., HYNDMAN, Totoku Electric Co., Ltd., Argus Heating
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Hot Cutting Wire Market Report Segments:
The global Hot Cutting Wire market is segmented on the basis of:
Types
Nickel Alloy Wire, Stainless Steel Wire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hot Cutting, Line Bending, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Knight Precision Wire
- Alloy Wire International
- MWS Wire
- TEMCo
- TOKYO WIRE WORKS, LTD.
- Pelican Wire
- Tech Spring Manufacturing Corp.
- HYNDMAN
- Totoku Electric Co., Ltd.
- Argus Heating
Highlights of The Hot Cutting Wire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nickel Alloy Wire
- Stainless Steel Wire
- By Application:
- Hot Cutting
- Line Bending
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hot Cutting Wire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hot cutting wire is a type of wire that is heated to a high temperature before it is cut. This process makes the wire more flexible and easier to work with, which allows for faster and more accurate cuts.
Some of the major players in the hot cutting wire market are Knight Precision Wire, Alloy Wire International, MWS Wire, TEMCo, TOKYO WIRE WORKS, LTD., Pelican Wire, Tech Spring Manufacturing Corp., HYNDMAN, Totoku Electric Co., Ltd., Argus Heating.
The hot cutting wire market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hot Cutting Wire Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hot Cutting Wire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hot Cutting Wire Market - Supply Chain
4.5. Global Hot Cutting Wire Market Forecast
4.5.1. Hot Cutting Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hot Cutting Wire Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hot Cutting Wire Market Absolute $ Opportunity
5. Global Hot Cutting Wire Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hot Cutting Wire Market Size and Volume Forecast by Type
5.3.1. Nickel Alloy Wire
5.3.2. Stainless Steel Wire
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hot Cutting Wire Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hot Cutting Wire Market Size and Volume Forecast by Application
6.3.1. Hot Cutting
6.3.2. Line Bending
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hot Cutting Wire Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hot Cutting Wire Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hot Cutting Wire Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hot Cutting Wire Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hot Cutting Wire Demand Share Forecast, 2019-2026
9. North America Hot Cutting Wire Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hot Cutting Wire Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hot Cutting Wire Market Size and Volume Forecast by Application
9.4.1. Hot Cutting
9.4.2. Line Bending
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hot Cutting Wire Market Size and Volume Forecast by Type
9.7.1. Nickel Alloy Wire
9.7.2. Stainless Steel Wire
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hot Cutting Wire Demand Share Forecast, 2019-2026
10. Latin America Hot Cutting Wire Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hot Cutting Wire Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hot Cutting Wire Market Size and Volume Forecast by Application
10.4.1. Hot Cutting
10.4.2. Line Bending
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hot Cutting Wire Market Size and Volume Forecast by Type
10.7.1. Nickel Alloy Wire
10.7.2. Stainless Steel Wire
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hot Cutting Wire Demand Share Forecast, 2019-2026
11. Europe Hot Cutting Wire Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hot Cutting Wire Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hot Cutting Wire Market Size and Volume Forecast by Application
11.4.1. Hot Cutting
11.4.2. Line Bending
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hot Cutting Wire Market Size and Volume Forecast by Type
11.7.1. Nickel Alloy Wire
11.7.2. Stainless Steel Wire
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hot Cutting Wire Demand Share, 2019-2026
12. Asia Pacific Hot Cutting Wire Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hot Cutting Wire Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hot Cutting Wire Market Size and Volume Forecast by Application
12.4.1. Hot Cutting
12.4.2. Line Bending
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hot Cutting Wire Market Size and Volume Forecast by Type
12.7.1. Nickel Alloy Wire
12.7.2. Stainless Steel Wire
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hot Cutting Wire Demand Share, 2019-2026
13. Middle East & Africa Hot Cutting Wire Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hot Cutting Wire Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hot Cutting Wire Market Size and Volume Forecast by Application
13.4.1. Hot Cutting
13.4.2. Line Bending
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hot Cutting Wire Market Size and Volume Forecast by Type
13.7.1. Nickel Alloy Wire
13.7.2. Stainless Steel Wire
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hot Cutting Wire Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hot Cutting Wire Market: Market Share Analysis
14.2. Hot Cutting Wire Distributors and Customers
14.3. Hot Cutting Wire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Knight Precision Wire
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alloy Wire International
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MWS Wire
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TEMCo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TOKYO WIRE WORKS, LTD.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pelican Wire
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tech Spring Manufacturing Corp.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HYNDMAN
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Totoku Electric Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Argus Heating
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
