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The permanent magnets market is forecasted to grow by USD 12787.08 mn during 2023-2028, accelerating at a CAGR of 8.37% during the forecast period. The report on the permanent magnets market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from the automobile sector, increased applicability in storage technology, and increase in iron ore production volume.
The permanent magnets market is segmented as below:
By Material
- Neodymium iron boron magnets
- Ferrite magnets
- Samarium cobalt magnets
- Alnico magnets
By End-user
- Consumer goods and electronics
- Automotive
- General industrial
- Aerospace and defense
- Others
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the permanent magnets market covers the following areas:
- Permanent magnets market sizing
- Permanent magnets market forecast
- Permanent magnets market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global permanent magnets market: Adams Magnetic Products, Arnold Magnetic Technologies Corp., Daido Steel Co. Ltd., Earth Panda Advance Magnetic Material Co.Ltd., Electron Energy Corp., Guangdong Lingyi Intelligent Manufacturing Co. Ltd., Hitachi Ltd., Ningbo Yunsheng Co. Ltd., TDK Corp., Bunting Magnetics Co., Chengdu Galaxy Magnets Co. Ltd., DURA MAGNETS PVT. LTD., Gayatri Magnet, Goudsmit Magnetics Groep BV, Hangzhou Permanent Magnet Group. Ltd., Ningbo Co star Materials Hi Tech Co. Ltd., NingBo NingGang Permanent Magnetic Materials Co. Ltd., Ningbo Risheng Magnets Co. Ltd., Yantai Dongxing Magnetic Materials Inc., and Zhenghai Group Co. Ltd..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increasing use of nanocrystalline magnetic particles in biomedical industry.'
According to the report, one of the major drivers for this market is the increasing demand from the automobile sector.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adams Magnetic Products
- Arnold Magnetic Technologies Corp.
- Daido Steel Co. Ltd.
- Earth Panda Advance Magnetic Material Co.Ltd.
- Electron Energy Corp.
- Guangdong Lingyi Intelligent Manufacturing Co. Ltd.
- Hitachi Ltd.
- Ningbo Yunsheng Co. Ltd.
- TDK Corp.
- Bunting Magnetics Co.
- Chengdu Galaxy Magnets Co. Ltd.
- DURA MAGNETS PVT. LTD.
- Gayatri Magnet
- Goudsmit Magnetics Groep BV
- Hangzhou Permanent Magnet Group. Ltd.
- Ningbo Co star Materials Hi Tech Co. Ltd.
- NingBo NingGang Permanent Magnetic Materials Co. Ltd.
- Ningbo Risheng Magnets Co. Ltd.
- Yantai Dongxing Magnetic Materials Inc.
- Zhenghai Group Co. Ltd.