Global Permanent Magnet Market By Overview
Introduction
Permanent Magnet Market are materials where the magnetic field is generated by the internal structure of the material itself. Rising investments made in electronics, aerospace, and automotive sectors is the major factor driving growth of the global market. In addition, swift urbanization and rapid industrialization and in developing countries like Mexico, China, India, and Brazil are also growing demand for permanent magnets in the automotive sectors. Permanent magnets have wide applications in consumer electronics, such as loudspeakers, computers, etc., which is also anticipated to boost growth of the global market over the forecast period.
However, the high costs of raw materials are major factor hampering growth of the global permanent market. Nevertheless, technological advancements and growth in R&D spending related to the product are expected to create lucrative growth opportunities for the global market over the forecast period.
Permanent magnet market report published by Prophecy Market Insights offers holistic view of various influencing factors and aims to answer all the target market related questions.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2023 is considered as base year and 2024 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2024 to 2034. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
The permanent magnet market report segments the market on the basis of product, application, and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the permanent magnet market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Key players in the permanent magnet market includes Hitachi Metals, Ltd., Daido Steel Co., Ltd., TDK Corporation, hin-etsu Chemical Co., Ltd., Toyota Motor Corporation, Arnold Magnetic Technologies, Lynas Corporation Ltd., Electron Energy Corporation, Tengam Engineering, Inc., Adams Magnetic Products Co., Inc., and Bunting Magnetics Co.
Prophecy Market Insights offers required customization on this report according to specific business requirements.
Global Permanent Magnet Market By Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Merger and Acquisitions
- Recent Approvals
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Market Segmentation, By Product, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Ferrite Magnet
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Neo (Ndfeb)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Smco (Samarium Cobalt Magnet)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Alnico
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Market Segmentation, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Automotive
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Energy Generation
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others (Medical Technology, Aerospace, and Defense)
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Australia Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast (US$ Mn), By Product, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- South Africa
- Central Africa
- North Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Hitachi Metals, Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Daido Steel Co., Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- TDK Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- hin-etsu Chemical Co., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Toyota Motor Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Arnold Magnetic Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Lynas Corporation Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Electron Energy Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Tengam Engineering, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Adams Magnetic Products Co., Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Bunting Magnetics Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Hitachi Metals, Ltd
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The permanent magnet market accounted for US$ 18.9 billion in 2019 and is projected to register a moderate CAGR of 8.7% over the forecast period.
The market report has been segmented on the basis of type, application, and region.
The Permanent Magnet Market is witnessing trends such as the increasing demand for rare-earth magnets in electric vehicles and renewable energy applications, the development of sustainable magnet materials, and innovations in magnet design for various industrial sectors.
Key factors driving the Permanent Magnet Market include the growing adoption of electric vehicles, the expansion of wind energy projects, and the use of permanent magnets in electronics, medical devices, and industrial applications.
Asia-Pacific is expected to dominate the Permanent Magnet Market, driven by the presence of key manufacturing hubs, a strong electronics and automotive industry, and the significant demand for permanent magnets in emerging economies like China and India.
The prominent player operating in the global permanent magnet market includes Hitachi Metals, Ltd., Daido Steel Co., Ltd, TDK Corporation, hin-etsu Chemical Co., Ltd., Toyota Motor Corporation, Arnold Magnetic Technologies, Lynas Corporation Ltd., Electron Energy Corporation, Tengam Engineering, Inc., Adams Magnetic Products Co., Inc., and Bunting Magnetics Co.