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The magnet market is forecasted to grow by USD 17.54 bn during 2023-2028, accelerating at a CAGR of 7.89% during the forecast period. The report on the magnet 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 for magnets from automobile sector, growing demand for defense aircraft increasing government expenditure on defense, and increased applicability of magnets in storage technology.
The magnet market is segmented as below:
By Type
- Permanent
- Electromagnet
By End-user
- Consumer goods and electronics
- Automotive
- General industry
- Aerospace and defense
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the magnet market covers the following areas:
- Magnet market sizing
- Magnet market forecast
- Magnet 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 and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through 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 primary and secondary research. 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 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 Type
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 magnet market: Adams Magnetic Products, Arnold Magnetic Technologies Corp., Ashvini Magnets Pvt. Ltd., Daido Steel Co. Ltd., DEXTER MAGNETIC TECHNOLOGIES, DURA MAGNETS PVT. LTD., Electron Energy Corp., Gayatri Magnet, Goudsmit Magnetics Groep BV, Hangzhou Permanent Magnet Group. Ltd., HGT ADVANCED MAGNETS CO. LTD., Magnequench International LLC, Master Magnetics Inc., Ningbo Co-Star Materials Hi-Tech Co. Ltd., NingBo NingGang Permanent Magnetic Materials Co. Ltd., Ningbo Yunsheng Co. Ltd., Proterial Ltd., Shri Laxmi Magnet Industries, TDK Corp., 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 the biomedical industry.'
According to the report, one of the major drivers for this market is the increasing demand for magnets 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 and 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.
- Ashvini Magnets Pvt. Ltd.
- Daido Steel Co. Ltd.
- DEXTER MAGNETIC TECHNOLOGIES
- DURA MAGNETS PVT. LTD.
- Electron Energy Corp.
- Gayatri Magnet
- Goudsmit Magnetics Groep BV
- Hangzhou Permanent Magnet Group. Ltd.
- HGT ADVANCED MAGNETS CO. LTD.
- Magnequench International LLC
- Master Magnetics Inc.
- Ningbo Co-Star Materials Hi-Tech Co. Ltd.
- NingBo NingGang Permanent Magnetic Materials Co. Ltd.
- Ningbo Yunsheng Co. Ltd.
- Proterial Ltd.
- Shri Laxmi Magnet Industries
- TDK Corp.
- Zhenghai Group Co. Ltd.
