Working Wire Machine Market

Working wire machine market: read newly released facts and figures provided by an Ai-driven market research platform. Datasets include imports, exports, consumption, trade, companies, market prices, production, and market size. Here is a split by country, including the U.K., the U.S., Latin America, the Middle East, EU, Russia, China, and Africa. Market dynamics and forecast to 2030 are also provided in the reports.

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Working Wire Machine - World's Largest Markets

In value terms, the largest working wire machine markets worldwide were Austria, Switzerland and the United States, with a combined 28% share of the global market. Taiwan (Chinese), China, Italy, Canada, the UK, the Philippines, Djibouti, Belgium, Maldives and Chad lagged somewhat behind, together comprising a further 20%.

In terms of the main consuming countries, Chad (+2,735.2% per year) recorded the highest growth rate of market size, over the period under review, while working wire machine market for the other global leaders experienced more modest paces of growth.

Working Wire Machine Prices

Working Wire Machine - Top Importers

In value terms, the United States ($62M) constitutes the largest market for imported machines for working wire worldwide, comprising 13% of global imports. The second position in the ranking was occupied by India ($10M), with a 2.1% share of global imports. It was followed by Italy, with a 1.5% share.

In the United States, working wire machine imports plunged by an average annual rate of -8.8% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: India (-39.7% per year) and Italy (-33.7% per year).

Working Wire Machine - Top Exporters

In value terms, China ($133M) remains the largest working wire machine supplier worldwide, comprising 38% of global exports. The second position in the ranking was occupied by Italy ($37M), with a 10% share of global exports. It was followed by Taiwan (Chinese), with a 7.7% share.

In China, working wire machine exports expanded at an average annual rate of +8.1% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Italy (-35.9% per year) and Taiwan (Chinese) (-11.9% per year).

Working Wire Machine - Market Forecast

Driven by increasing demand for working wire machine worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Working Wire Machine - Product Coverage

• HS 846330 - Machine-tools; machines for working wire, without removing material

Source: IndexBox Market Intelligence Platform