The global permanent magnet market size was valued at USD XX million in 2023 and is predicted to register a CAGR of XX% from 2024 to 2030.
The report covers the current estimate and forecast for permanent magnet market on a global and regional level. The report provides an in-depth analysis of the permanent magnet market for the period 2018 – 2030, wherein 2023 is the base year and the period from 2024 to 2030 is the forecast period. Data for 2018- 2022 has been included as historical information. The study provides a holistic perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ MN), across different geographies, which includes North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA) and Latin America (LATAM).
The report provides cross-sectional analysis of the permanent magnet market in terms of market estimates and forecasts for all the segments across different geographic regions. The report covers all the prevalent trends and technologies playing a major role in the growth of the permanent magnet market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period.
The study offers market attractiveness analysis and the Porter’s Five Forces model analysis to help the client gauge the competitive landscape of major vendors of the global permanent magnet market. This comprehensive study also provides a detailed analysis and overview of each segments included in the study.
In order to give the users of this report, a comprehensive view of the permanent magnet market, we have included a detailed competitive scenario and product portfolio of the key vendors spread across various geographies. The report study also includes PESTEL analysis and SWOT analysis of the industry. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness in terms of investment opportunity and incremental value growth.
Regional Insights
The report segments the market by major types, applications, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2030.
The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. These regions are further divided into countries such as U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Japan, India, China, Brazil, GCC countries, South Africa among others.
Permanent Magnet Market Share Insights
Key industry participants analyzed and profiled in this study includes Hangzhou Group, Daido Steel, Adams Magnetic Products, Shin-Etsu Chemical, Electron Energy Corp., Lynas Corporation, Hitachi Metals, Tengam Engineering, TDK Corporation, Bunting Magnetics, Arnold Magnetic Technologies among others.
Scope of the Report
Attribute |
Details |
Base year for estimation |
2023 |
Actual estimates/Historical data |
2018 - 2022 |
Forecast period |
2024 - 2030 |
Market representation |
Revenue in USD Million & CAGR from 2024 to 2030 |
Regional scope |
North America, Europe, Asia Pacific, Central & South America & MEA |
Country scope |
U.S., Germany, U.K., Italy, China, Japan, Brazil |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
Free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For the purpose of this study, Syndicate Market Research has segmented the global permanent magnet market report on the basis of product type, application, and region:
Global Permanent Magnet Market: Product Type Segment Analysis
- Neodymium Iron Boron Magnet
- Ferrite Magnet
- Samarium Cobalt Magnet
- Alnico Magnet
- Others
Global Permanent Magnet Market: Application Segment Analysis
- Industrial
- Medical Technology
- Aerospace And Defense
- Consumer Electronics
- Automotive
- Environment And Energy
- Others
Global Permanent Magnet Market: Regional Segment Analysis
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Chile
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
These players adopted different strategies so as to hold major market share in this market. Some of the major players in Permanent Magnet industry includes.
- Hangzhou Group
- Daido Steel
- Adams Magnetic Products
- Shin-Etsu Chemical
- Electron Energy Corp.
- Lynas Corporation
- Hitachi Metals
- Tengam Engineering
- TDK Corporation
- Bunting Magnetics
- Arnold Magnetic Technologies
Based on the Permanent Magnet market analysis, North America is predicted to held the highest share in the Permanent Magnet market during the forecast period.
The statistical data of the top market players of Permanent Magnet industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the Permanent Magnet industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.
The study offers a decisive view on the Permanent Magnet by segmenting the market based on Product Type, Application, and region.
The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.
The sample for Permanent Magnet market report can be received on-demand from the website as and when required.Direct call services or 24*7 chat support are provided to procure the sample report.
- Preface
- Report Description and Scope
- Research Scope
- Research Methodology
- Market Research Process
- Market Research Methodology
- Executive Summary
- Permanent Magnet Market, 2018-2030 (USD Million)
- Permanent Magnet Market: Snapshot
- Permanent Magnet - Industry Analysis
- Permanent Magnet: Market Dynamics
- Market Drivers
- Driver 1
- Driver 2
- Restraints
- Restraint 1
- Restraint 2
- Opportunity
- Government funding and support
- Porter’s Five Forces Analysis
- Market Attractiveness Analysis
- Market attractiveness analysis By Product
- Market attractiveness analysis By Application
- Market attractiveness analysis by Region
- Permanent Magnet Market - Competitive Landscape
- Company market share analysis
- Global Permanent Magnet Market: company market share, 2019
- Strategic development
- Acquisitions & mergers
- New Product launches
- Agreements, partnerships, collaborations and joint ventures
- Research and development and Regional expansion
- Price trend analysis
- Global Permanent Magnet Market -Product Type Analysis
- Global Permanent Magnet Market overview: By Product Type
- Global Permanent Magnet Market share, By Product Type,2019 and 2026
- Neodymium Iron Boron Magnet
- Global Permanent Magnet Market by Neodymium Iron Boron Magnet, 2018-2030 (USD Million)
- Ferrite Magnet
- Global Permanent Magnet Market by Ferrite Magnet, 2018-2030 (USD Million)
- Samarium Cobalt Magnet
- Global Permanent Magnet Market by Samarium Cobalt Magnet, 2018-2030 (USD Million)
- Alnico Magnet
- Global Permanent Magnet Market by Alnico Magnet, 2018-2030 (USD Million)
- Others
- Global Permanent Magnet Market by Others, 2018-2030 (USD Million)
- Global Permanent Magnet Market -Application Analysis
- Global Permanent Magnet Market overview: By Application
- Global Permanent Magnet Market share, By Application,2019 and 2026
- Industrial
- Global Permanent Magnet Market by Industrial, 2018-2030 (USD Million)
- Medical Technology
- Global Permanent Magnet Market by Medical Technology, 2018-2030 (USD Million)
- Aerospace And Defense
- Global Permanent Magnet Market by Aerospace And Defense, 2018-2030 (USD Million)
- Consumer Electronics
- Global Permanent Magnet Market by Consumer Electronics, 2018-2030 (USD Million)
- Automotive
- Global Permanent Magnet Market by Automotive, 2018-2030 (USD Million)
- Environment And Energy
- Global Permanent Magnet Market by Environment And Energy, 2018-2030 (USD Million)
- Others
- Global Permanent Magnet Market by Others, 2018-2030 (USD Million)
- Global Permanent Magnet Market - Regional Analysis
- Global Permanent Magnet Market overview: by Region
- Global Permanent Magnet Market share, by Region, 2019 and 2026
- North America
- North America Permanent Magnet Market, 2018-2030 (USD Million)
- North America Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- North America Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- U.S. Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- U.S. Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Canada Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Canada Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Mexico Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Mexico Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Europe
- Europe Permanent Magnet Market, 2018-2030 (USD Million)
- Europe Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Europe Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- UK Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- UK Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Germany Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Germany Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- France Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- France Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Italy Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Italy Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Spain Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Spain Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Netherlands Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Netherlands Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Rest of Europe Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Rest of Europe Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Asia Pacific
- Asia Pacific Permanent Magnet Market, 2018-2030 (USD Million)
- Asia Pacific Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Asia Pacific Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- China Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- China Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Japan Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Japan Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- India Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- India Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Australia Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Australia Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- South East Asia Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- South East Asia Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- South Korea Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- South Korea Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Rest of Asia Pacific Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Rest of Asia Pacific Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Latin America
- Latin America Permanent Magnet Market, 2018-2030 (USD Million)
- Latin America Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Latin America Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Brazil Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Brazil Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Argentina Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Argentina Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Chile Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Chile Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Rest of Latin America Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Rest of Latin America Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Middle East & Africa
- Middle East & Africa Permanent Magnet Market, 2018-2030 (USD Million)
- Middle East & Africa Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Middle East & Africa Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- GCC Countries Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- GCC Countries Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Nigeria Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Nigeria Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- South Africa Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- South Africa Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Rest of Middle East & Africa Permanent Magnet Market revenue, By Product Type, 2018-2030 (USD Million)
- Rest of Middle East & Africa Permanent Magnet Market revenue, By Application, 2018-2030 (USD Million)
- Company Profiles
- Hangzhou Group
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Daido Steel
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Adams Magnetic Products
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Shin-Etsu Chemical
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Electron Energy Corp.
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Lynas Corporation
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Hitachi Metals
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Tengam Engineering
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- TDK Corporation
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Bunting Magnetics
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Arnold Magnetic Technologies
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
List of Figures
List of Tables
- Global Permanent Magnet Market: snapshot
- Drivers of the Permanent Magnet Market: impact analysis
- Restraints of the Permanent Magnet Market: impact analysis
- North America Permanent Magnet Market revenue, By Product Type,2018-2030 (USD Million)
- North America Permanent Magnet Market revenue, By Application,2018-2030 (USD Million)
- Europe Permanent Magnet Market revenue, By Product Type,2018-2030 (USD Million)
- Europe Permanent Magnet Market revenue, By Application,2018-2030 (USD Million)
- Asia Pacific Permanent Magnet Market revenue, By Product Type,2018-2030 (USD Million)
- Asia Pacific Permanent Magnet Market revenue, By Application,2018-2030 (USD Million)
- Latin America Permanent Magnet Market revenue, By Product Type,2018-2030 (USD Million)
- Latin America Permanent Magnet Market revenue, By Application,2018-2030 (USD Million)
- Middle East & Africa Permanent Magnet Market revenue, By Product Type,2018-2030 (USD Million)
- Middle East & Africa Permanent Magnet Market revenue, By Application,2018-2030 (USD Million)
- Hangzhou Group
- Daido Steel
- Adams Magnetic Products
- Shin-Etsu Chemical
- Electron Energy Corp.
- Lynas Corporation
- Hitachi Metals
- Tengam Engineering
- TDK Corporation
- Bunting Magnetics
- Arnold Magnetic Technologies
An Overview on Research Methodology used at Syndicate Market Research:
1.1 Research Methodology
The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.
To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.
1.2 Secondary Research
The secondary research sources that are typically referred to include, but are not limited to:
- Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
- Internal and external proprietary databases, relevant patent and regulatory databases
- National government documents, statistical databases and market reports
- News articles, press releases and web-casts specific to the companies operating in the market
The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista
1.3 Primary Research
We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
- It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
- Helps in validating and strengthening the secondary research findings
- Further develops the analysis team’s expertise and market understanding
- Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
The participants who typically take part in such a process include, but are not limited to:
- Industry participants: CEOs, VPs, marketing/ clinical trial phase managers, market intelligence managers and national sales managers
- Purchasing managers, technical personnel, distributors and resellers
- Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
- Key opinion leaders specializing in different areas corresponding to different industry end users
1.4 Models
Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:
- Demographic data: Population split by segment
- Macro-economic indicators: GDP, etc.
- Industry indicators: Expenditure, infrastructure, sector growth and facilities.
Data is then cross checked by the expert panel.
1.4.1 Company Share Analysis Model
Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:
1.4.2 Revenue Based Modeling
Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.
1.5 Research Limitations
Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.