Soft Magnetic Material Trends and Forecast
The future of the global soft magnetic material market looks promising with opportunities in the motor, transformer, and alternator markets. The global soft magnetic material market is expected to reach an estimated $24.5 billion by 2030 with a CAGR of 3.3% from 2024 to 2030. The major drivers for this market are increasing expenditures in the energy distribution industry, rise in the automotive industry's need for soft magnetic materials, and growing investments in the production of medical equipment, power transmission, and electric vehicle manufacturing.Soft Magnetic Material by Segment
The study includes a forecast for the global soft magnetic material by material, application, end use industry, and region.Soft Magnetic Material Market by Material [Shipment Analysis by Value from 2018 to 2030]
- Cobalt
- Iron
- Nickel
- Electric Steel
- Others
Soft Magnetic Material Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Motors
- Transformers
- Alternators
- Others
Soft Magnetic Material Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]
- Automotive
- Electrical & Electronics
- Telecommunication
- Energy & Power
- Others
Soft Magnetic Material Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Soft Magnetic Material Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies soft magnetic material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the soft magnetic material companies profiled in this report include-- Arnold Magnetic Technologies
- GKN Sinter Metals Engineering
- Hitachi Metals Group
- JFE Steel Group
- Mahindra CIE
- MATE
- Meyer Sintermetall
- Sintered Specialties
- Steward Advanced Materials
- VACUUMSCHMELZE
Soft Magnetic Material Market Insights
The publisher forecasts that electric steel is expected to witness the highest growth over the forecast period because the electrical steel has several uses in engines, generators, transformers, and alternators, as well as, it has outstanding qualities such as high electrical resistance to iron, high permeability, and low coerciveness.APAC is expected to witness highest growth over the forecast period due to expanding number of automakers and increased funding for the development of cutting-edge electronics and telecommunications sectors in the region.
Features of the Global Soft Magnetic Material Market
- Market Size Estimates: Soft magnetic material market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Soft magnetic material market size by material, application, end use industry, and region in terms of value ($B).
- Regional Analysis: Soft magnetic material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different material, application, end use industry, and regions for the soft magnetic material market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the soft magnetic material market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the soft magnetic material market size?Answer: The global soft magnetic material market is expected to reach an estimated $24.5 billion by 2030.
Q2. What is the growth forecast for soft magnetic material market?
Answer: The global soft magnetic material market is expected to grow with a CAGR of 3.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the soft magnetic material market?
Answer: The major drivers for this market are increasing expenditures in the energy distribution industry, rise in the automotive industry's need for soft magnetic materials and growing investments in the production of medical equipment, power transmission, and electric vehicle manufacturing.
Q4. What are the major segments for soft magnetic material market?
Answer: The future of the soft magnetic material market looks promising with opportunities in the motor, transformer, and alternator markets.
Q5. Who are the key soft magnetic material market companies?
Answer: Some of the key soft magnetic material companies are as follows:
- Arnold Magnetic Technologies
- GKN Sinter Metals Engineering
- Hitachi Metals Group
- JFE Steel Group
- Mahindra CIE
- MATE
- Meyer Sintermetall
- Sintered Specialties
- Steward Advanced Materials
- VACUUMSCHMELZE
Answer: The publisher forecasts that electric steel is expected to witness the highest growth over the forecast period because the electrical steel has several uses in engines, generators, transformers, and alternators, as well as, it has outstanding qualities such as high electrical resistance to iron, high permeability, and low coerciveness.
Q7. In soft magnetic material market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to expanding number of automakers and increased funding for the development of cutting-edge electronics and telecommunications sectors in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the soft magnetic material market by material (cobalt, iron, nickel, electric steel, and others), application (motors, transformers, alternators, and others), end use industry (automotive, electrical & electronics, telecommunication, energy & power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Soft Magnetic Material Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Arnold Magnetic Technologies
- GKN Sinter Metals Engineering
- Hitachi Metals Group
- JFE Steel Group
- Mahindra CIE
- MATE
- Meyer Sintermetall
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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